The Market For Global Surgical Robots Is Expected To Grow At CAGR 13.7% From 2017 To 2024
Data Bridge Market Research new Insight’s on “Global Surgical Robots Market, is projected to reach USD 14.5 billion by 2024, from USD 5.2 billion in 2016, at a CAGR of 13.7% during the forecast period from 2017 to 2024.”
The market is segmented by Product (Robotic Systems, Instruments and Accessories, Service), By Brands (Da Vinci Surgical System, Cyberknife, Renaissance, Flex, Artas, Rosa and Others), By Application (General Surgery, Urological, Gynaecological, Gastrointestinal, Radical Prostatectomy, Cardiothoracic Surgery, Colorectal Surgery, Radiotherapy and Others), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends And Forecast To 2024
The actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
Surgical Robots Market: Recent Developments
In a short span of time robots have made their place in healthcare industry especially in the surgical system and all the credits goes to the advantages associated with it. According to the report of World Health Organization 48% of adverse events (medical errors) occurs in the operating room which can be reduced through Robots surgery, as it enhances the dexterity in many ways. There are other benefits of the Robots surgery over the traditional methods of surgery such as surgical precision, increased range of motion, enhanced visualization and improved access. The technological superiority and precision is the main factor driving the market for Robots surgery in the period of 2017 to 2024.
The main restraints in the surgical robots market are that these are highly technical surgery which requires the surgeon to be trained in this procedure. These surgeries require to be performed at the centre of excellence, supporting high tech robotic programs. Another restraint is the cost factor associated with it.
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Surgical Robots Market Categories: Segmentation
The global surgical robots market is segmented based on product, brands, application and by geography.
On the basis of product type, the global surgical robots market is segmented into systems, instruments and accessories and service.
Based on brands the market is segmented into Da Vinci Surgical system, Renaissance, Flex, Cyberknife, Artas, Rosa and others. The Da Vinci Surgical System is currently dominating the surgical robots market due to the benefits given by it such as greater surgical precision and enhanced dexterity.
On the basis of application the market is segmented into general surgery, urological, gynecological, gastrointestinal, radiotherapy, radical prostatectomy, cardiothoracic surgery, Colon and rectal surgery and others.
Surgical Robots Market: Geographic Segmentation
Based on geography the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. In 2017, North America is expected to dominate the surgical Robots market followed by Europe and APAC. However the APAC region is expected to grow at the highest CAGR of 21.5% in the forecast period 2017 to 2024.
Surgical Robots Market: Company Share Analysis
The market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Some of the major players operating in the global surgical robots market are Surgical, Inc., Verb Surgical Inc., Auris Surgical Robots, MedRobots Corporation, Restoration Robots, Inc., Virtual Incision Corporation, Think Surgical, Inc., Medtech Global, TransEnterix, Titan Medical Inc, Stryker, Accuray Inc., MAZOR Robots, Hansen Medical, Capsa Healthcare, LLC, Aesynt Inc, iRobot Corporation, ReWalk Robots, and Hocoma AG among others.
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