Press release
Surgical Robots Market to Surge from USD 11.1 Billion to USD 23.7 Bn by 2029
Asia Pacific market is expected to be worth USD 3.7 billion by 2029, growing at CAGR of 17.4% during the forecast period.
The global surgical robots market [https://www.marketsandmarkets.com/Market-Reports/surgical-robots-market-256618532.html?utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=surgicalrobotsmarket] is anticipated to grow from USD 11.1 billion in 2024 to USD 23.7 billion by 2029, at a compound annual growth rate (CAGR) of 16.5%. Surgical robots enhance surgical precision, control, and flexibility, consisting of robotic arms, specialty tools, a camera system, and a control console. Factors driving market growth include the increasing adoption of minimally invasive procedures, technological advancements, and the need for precise surgical outcomes. However, high costs associated with advanced technology, maintenance, and training are significant barriers. Opportunities lie in the growing use of surgical robots in Ambulatory Surgical Centers (ASCs) due to their benefits in reducing recovery times and healthcare costs. Challenges include the potential for surgical errors due to technical issues or operator mistakes. Key market players include Intuitive Surgical, Medtronic, and Stryker. North America leads the market due to its advanced healthcare infrastructure and high investment in medical technology. The market is segmented by offering, application, end user, and region, with instruments & accessories, general surgery, and hospitals & clinics being prominent segments.
Download PDF Brochure: [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256618532&utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=surgicalrobotsmarket]
Market Segmentation by Offering
The surgical robots market is categorized into instruments & accessories, robotic systems, and services. In 2023, the instruments and accessories segment is projected to dominate the market. These components are essential for enhancing the functionality, precision, and flexibility of robotic surgical systems. They include specialized tools like forceps, scissors, and suturing devices, which are crucial for various minimally invasive procedures. The demand for these instruments is driven by their continuous need for replacement and upgrades due to wear and tear and advancements in technology.
Market Segmentation by Application
The surgical robots market is segmented into general surgery, gynecological surgery, orthopedic surgery, urological surgery, neurosurgery, microsurgery, otological surgery, and others. General surgery is expected to hold the largest share in 2023 due to its broad application and the adaptability of robotic systems in various procedures. Robotic systems, such as the da Vinci Surgical System, provide enhanced precision, control, and visibility, contributing to improved patient outcomes and faster recovery, thus sustaining the demand for robotic systems in general surgery.
Market Segmentation by End User
Hospitals and clinics are anticipated to be the largest end users of surgical robots in 2023. These facilities are major adopters due to their need for advanced surgical technologies that improve precision, expedite patient recovery, and reduce risks associated with complex procedures. Hospitals and clinics have invested heavily in robotic systems to leverage their benefits and cost-effectiveness, driven by their existing infrastructure, skilled staff, and financial resources.
Regional Insights
In 2023, North America is expected to lead the surgical robots market in both market share and CAGR. The region's dominance is attributed to its well-established healthcare infrastructure, high acceptance of cutting-edge technology, and substantial investment in healthcare innovation. Major medical device companies involved in the development and commercialization of surgical robots are based in North America, and the region's favorable reimbursement policies and robust regulatory environment further support its market leadership.
Key Market Players
Key players in the surgical robots market include Intuitive Surgical (US), Stryker (US), Medtronic (Ireland), Smith+Nephew (UK), Zimmer Biomet (US), Asensus Surgical (US), Siemens Healthineers (Germany), CMR Surgical (UK), Johnson & Johnson (US), Renishaw Plc (UK), Avateramedical GmbH (Germany), Brainlab AG (Germany), Think Surgical (US), Medicaroid Corporation (Japan), Globus Medical, Inc. (US), Corin Group (UK), Ecential Robotics (France), Titan Medical, Inc. (Canada), TINAVI Medical (China), Monteris (US), Microsure (Netherlands), Medical Microinstruments (US), Momentis Innovative Surgery (Israel), Distalmotion (Switzerland), and Novus Arge (Turkey). These companies are expanding their market presence through strategies such as product launches, acquisitions, collaborations, agreements, and market expansion.
Request Sample Pages: [https://www.marketsandmarkets.com/requestsampleNew.asp?id=256618532&utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=surgicalrobotsmarket]
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=surgical-robots-market-to-surge-from-usd-111-billion-to-usd-237-bn-by-2029]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/surgical-robots-market-256618532.html
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Surgical Robots Market to Surge from USD 11.1 Billion to USD 23.7 Bn by 2029 here
News-ID: 4238793 • Views: …
More Releases from ABNewswire
EV Charging Station Market Size, Share, Trends & Analysis by 2032
EV Charging Station Market by Application, Level of Charging, Charging Point, Charging Infrastructure, Operation, DC Fast Charging, Charge Point Operator, Connection Phase, Service, Installation, and Region - Global Forecast to 2032
The global EV charging station market [https://www.marketsandmarkets.com/Market-Reports/electric-vehicle-supply-equipment-market-89574213.html] is expected to grow from USD 28.46 billion in 2025 to USD 76.31 billion by 2030 at a CAGR of 15.1%. The EV charging station market is growing quickly with strong government support…
How big is the ophthalmology equipment market?
Global ophthalmic equipment market valued at $64.0B in 2022, reached $66.2B in 2023, and is projected to grow at a robust 4.9% CAGR, hitting $88.5B by 2029.
Ophthalmic Equipment Market [https://www.marketsandmarkets.com/Market-Reports/ophthalmology-devices-market-155637364.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr] in terms of revenue was estimated to be worth $66.2 billion in 2023 and is poised to reach $88.5 billion by 2029, growing at a CAGR of 4.9% from 2023 to 2029 according to a new report by MarketsandMarkets Trademark…
Edge AI Hardware Market worth $58.90 Billion by 2030, at a CAGR of 17.6%
The global Edge AI Hardware Market in terms of revenue is estimated to be worth $26.14 billion in 2025 and is poised to reach $58.90 billion by 2030, growing at a CAGR of 17.6% during the forecast period.
The report "Edge AI Hardware Market [https://www.marketsandmarkets.com/Market-Reports/edge-ai-hardware-market-158498281.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=edgeaihardwaremarket] by Device, Processor (CPU, GPU, and ASIC), Function, Power Consumption (Less than 1 W, 1-3 W, >3-5 W, >5-10 W, and More than 10 W), Vertical…
Nuclear Medicine Software Market Size & Growth Forecast 2028
The nuclear medicine market is highly consolidated. Some of the major players operating in this market include GE HealthCare (US), Cardinal Health (US), Curium (France),Bayer AG (Germany), Lantheus Holdings, Inc.(US), Bracco Imaging S.p.A. (Italy),
The field of nuclear medicine has revolutionized diagnostics and treatment, offering powerful tools for imaging and targeted therapies that can detect and address diseases at their molecular level. With its unique approach to visualizing and treating conditions…
More Releases for Surgical
Surgical Robotics Market to Witness Huge Growth by 2031 -Auris Surgical Robotics …
Surgical Robotics Industry Analysis, according DataM Intelligence. Although data provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.
Will the Surgical Robotics market emerge as the sector's next great thing? To discover the answer, look at the Surgical Robotics market analysis and projections. In-depth…
Surgical Laser Market - Shaping Surgical Precision: Surgical Laser, Guiding the …
Newark, New Castle, USA - The latest report from Growth Plus Reports analyzes the production, potential applications, demand, major manufacturers, and SWOT analysis of the global Surgical Laser Market.
Surgical Laser Market: https://www.growthplusreports.com/report/surgical-laser-market/9172
The Surgical Laser Market Report assists in determining the optimum distribution methods for certain products as well as possible markets for future product launches. The report also analyses the purchase and supply trends that influence the market's production strategy.…
Surgical Retractor Market - Enabling Surgical Mastery: Retractors for Uncompromi …
Newark, New Castle, USA: The "Surgical Retractor Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors
Surgical Retractor Market: https://www.growthplusreports.com/report/surgical-retractor-market/7658
This latest report researches the industry structure, sales,…
Surgical Robots Market Hits USD 17,647.82 million by 2028 Lead By THINK Surgical …
There is a rise in the number of surgeries performed across the world. In the last 25 years, the incidence of cardiovascular diseases has increased globally. The rise in diabetic cases and lifestyle changes are leading to an increase in the number of cardiovascular surgeries and general surgeries. For instance, colorectal cancer is one of the most commonly found and lethal cancers developed in individuals due to the combined influence…
Surgical Robots Market Analysis 2020 - How COVID19 Impacting Surgical Robots Ind …
Report Analyzes Surgical Robots Market Size, Share and Industry Analysis By Type (Implantable Cardioverter Surgical Robots (ICD), Transvenous ICD, External Surgical Robots) By End User (Hospitals & Clinics, Ambulatory, Schools and other Public Places) and Regional Forecast, 2019 - 2026.
Get Sample Report To Know The Impact of Covid19 on this Industry at: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/surgical-robots-market-100948
Key Players: Intuitive Surgical, Medtronic, Stryker, Smith & Nephew, Zimmer Biomet, TransEnterix Surgical, Inc Verb Surgical, THINK Surgical.
An…
Surgical Microscope Market Size, Surgical Microscope Market Share, Surgical Micr …
The global surgical microscope market was valued at USD 610.3 million in 2017 and is estimated to grow at a CAGR of 12.5% during the forecast period 2017-2026.
Request for Sample of This Research Report @ https://bit.ly/2xjcXML
Top Key Players:-
Carl Zeiss AG,
Leica Microsystems,
Takagi Corporation,
Seiler Precision Microscopes,
Topcon Corporation,
Alltion (Wuzhou) Co. Ltd.,
Alcon Laboratories, Inc.,
Haag-Streit Surgical,
Olympus Corporation,
Accu-scope, Inc.,
Novartis AG,
Danaher Corporation,
Labomed Microscopes,
Prescott’s Inc.,…
