Press release
Surgical Robots Market Size, Share, & Forecast 2030
publication of an innovative research report titled, 'Surgical Robots Market by Product & Service (Surgical Instruments & Accessories, Robotic Systems, Services), Application (Orthopedic, Obstetrics & Gynecological, Cardiovascular & Thoracic, Urology, General Surgery), End User - Global Forecast to 2030.'Download Sample Report : https://www.meticulousresearch.com/download-sample-report/cp_id=5463
In this latest release, Meticulous Research® forecasts the global surgical robots market to soar to $25.47 billion by 2030, exhibiting a remarkable CAGR of 15.4% during the forecast period of 2023-2030. The market's upward trajectory can be attributed to the myriad advantages associated with robot-assisted surgery, an upsurge in surgical procedures, augmented funding for medical robot research, and improvements in reimbursement mechanisms. Furthermore, the expanding footprint of surgical robots in ambulatory surgery centers (ASCs) and emerging markets is poised to unlock promising growth opportunities within this dynamic market.
Outlook for the Surgical Robots Market
This comprehensive study on the global surgical robots market meticulously dissects the landscape, categorizing it by product & service (surgical instruments & accessories, robotic systems, and services), application (orthopedic, obstetrics & gynecological, cardiovascular & thoracic, urology, general surgery, and other applications), and end user (hospitals and ambulatory surgical centers). The report not only assesses industry competitors but also scrutinizes their market shares on both global and regional scales.
Product & Service Breakdown
In the year 2023, the surgical instruments & accessories segment is anticipated to dominate the global surgical robots market in terms of market share. This ascendancy is fueled by technological advancements in automated medical instruments, featuring innovations like integrated cameras, computing technology, sensors, high-definition 3D imaging, robotic-controlled catheters, and remote navigation technology systems.
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Application Insights
Within the application spectrum, the orthopedic surgery segment is poised to capture the largest share of the global surgical robots market in 2023. The prevalence of robotic surgery is particularly pronounced in various orthopedic subspecialties, with applications spanning total joint arthroplasty and hip, shoulder, and knee replacement. Notably, projections from the Medical Device Network estimate a global surge in robot-assisted knee reconstruction surgeries, reaching approximately 700,000 by 2030, indicating robust demand for surgical robots within the orthopedic domain.
End User Dynamics
The hospitals segment is forecasted to dominate the global surgical robots market in 2023, driven by a surge in surgical procedures, increased adoption of advanced surgical systems by surgeons, a growing preference for robot-assisted orthopedic surgeries, and rising investments in advanced surgical systems.
Geographical Analysis
The research report meticulously analyzes major geographies, providing an in-depth examination of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa.
Geographically, North America is anticipated to hold the lion's share of the surgical robots market in 2023, followed by Europe and Asia-Pacific. The substantial market share in North America is primarily attributed to the well-established healthcare infrastructure in the U.S. and Canada, the availability of skilled medical professionals, and a growing inclination towards advanced surgical systems among surgical professionals. Within North America, the U.S. is expected to command the largest share of the surgical robots market in 2023, propelled by the increasing utilization of surgical robots for general surgeries, substantial healthcare expenditure, and the presence of major market players.
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Key Players Shaping the Future
Prominent entities shaping the landscape of the surgical robots market include Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Medtronic plc (U.S.), Smith & Nephew plc (U.K.), Zimmer Biomet Holdings, Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Asensus Surgical Inc. (U.S.), THINK Surgical, Inc. (U.S.), Renishaw plc (U.K.), Siemens Healthineers AG (Germany), and CMR Surgical (U.K.).
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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