Revolutionizing Surgery: Surgical Robotics Market to Reach $188.8 Billion by 2032

The global surgical robotics market was valued at $78.8 billion in 2022 and is anticipated to grow to $188.8 billion by 2032, representing a compound annual growth rate (CAGR) of 9.1% from 2023 to 2032. Surgical robots provide substantial benefits in minimally invasive procedures, allowing for highly precise manipulation of surgical instruments in limited operational spaces, thereby exceeding human performance. The global surgical robotics market size was valued at $78.8 billion in 2022, and is projected to reach $188.8 billion by 2032, growing at a CAGR of 9.1% from 2023 to 2032.

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Surgical robotics has been used for a wide range of procedures, including prostatectomies, hysterectomies, and cardiac surgeries. Benefits of surgical robotics include smaller incisions, less blood loss, reduced scarring, and shorter recovery times compared to traditional surgery. However, surgical robotics is not always the best option for every patient or procedure, and it can be more expensive than traditional surgery.

Overall, surgical robotics represents a promising advancement in the field of medicine, offering improved outcomes and quality of life for patients, as well as new opportunities for research and innovation in surgical techniques.

Important Key Market Players Are -

• Medtronic plc,
• Stryker Corporation.,
• Smith & Nephew plc,
• CMR Surgical Ltd.,
• Midea Group Co., Ltd.,
• Accuray Incorporated,
• Intuitive Surgical, Inc.,
• Johnson & Johnson,
• Renishaw plc.,
• Zimmer Biomet Holding, Inc.

In 2022, North America held the largest market share, driven by a rise in the prevalence of chronic diseases, an increasing elderly population, and the presence of major industry players in the region. Meanwhile, the Asia-Pacific region is expected to experience significant growth due to heightened healthcare awareness and a growing elderly population suffering from chronic conditions.

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Key Findings of The Study -

• The gynecology surgery accounted for about one-sixth share of the global market in terms of revenue as well as volume in 2017.
• The surgical systems segment by component accounted for one-third share of the global market in 2017 and is expected to grow at a CAGR of 11.3% during the forecast period.
• The U.S. dominated the North American surgical robotics market in 2017 by surgery type and is projected to grow at a CAGR of 7.0% during the forecast period.

Geographic Segments Covered in the Report -

The Surgical Robotics Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (USA and Canada)

• Europe (UK, Germany, France and the rest of Europe)

• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)

• Latin America (Brazil, Mexico, and the rest of Latin America)

• Middle East and Africa (GCC and rest of the Middle East and Africa)

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