Global Robotically Assisted Surgical Devices Market, By Type (Emergency Response and Utility Robots, Surgical Robots, Rehabilitation Robots and Others), Component (Software and Hardware), Application (Gynaecological Surgery, Non-Invasive Radiosurgery, Urological Surgery, Neurosurgery, Orthopaedic Surgery, Emergency Response Robotic System, General Surgery, Utility Robotic System and Other Clinical Applications), End Users (Hospitals, Clinics, Ambulatory Surgical Centres and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Robotically Assisted Surgical Devices Market
Data Bridge Market Research analyses that the robotically assisted surgical devices market will exhibit a CAGR of around 3.21% for the forecast period of 2021-2028. Rising expenditure for research and development proficiencies in the medical science, increased focus of the major players on technological advancements in the field of medical science and increasing public and private expenditure for the development of healthcare infrastructure especially in emerging economies are the major factors attributable to the growth of robotically assisted surgical devices market. This signifies that the robotically assisted surgical devices market value, which was USD 4,654.09 million in 2020 will rocket up to USD 5,992.52 million by 2028.
The robotically assisted surgical devices are the devices that were historically designed to deal with minimally invasive surgical procedures. However, owing to the increasing advancements and precision of this technology, robotically assisted surgical devices are now widely used in a wide range of medical applications. The robotically assisted surgical devices offer a great deal of benefits over conventional techniques such as quicker recovery rate, low cuts and incisions, greater accuracy and efficiency in complex procedures.
Upsurge in the number of surgical procedures is one of the major factors inducing growth in the robotically assisted surgical devices market value. Rising research and development activities coupled with rising awareness in the developing economies will further generate lucrative and remunerative growth opportunities for the robotically assisted surgical devices market. Increased adoption of robotically assisted surgical devices by ambulatory surgical units will also act as an important market growth determinant. Rising prevalence of sports injuries and accidents will also propel growth in the market value.
However, high treatment costs will create hindrances for the robotically assisted surgical devices market. High maintenance and operational costs will further challenge the robotically assisted surgical devices market growth rate. Lack of a favourable reimbursement scenario in the developing and under developing economies will also dampen the robotically assisted surgical devices market growth rate.
This robotically assisted surgical devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on robotically assisted surgical devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Robotically Assisted Surgical Devices Market Scope and Market Size
The robotically assisted surgical devices market is segmented on the basis of type, component, application and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- By type, the global robotically assisted surgical devices market is segmented into emergency response and utility robots, surgical robots, rehabilitation robots and others.
- On the basis of component, the robotically assisted surgical devices market is segmented into software and hardware.
- On the basis of application, the robotically assisted surgical devices market is segmented into gynaecological surgery, non-invasive radiosurgery, urological surgery, neurosurgery, orthopaedic surgery, emergency response robotic system, general surgery, utility robotic system and other clinical applications.
- On the basis of end users, the robotically assisted surgical devices market is segmented into hospitals, clinics, ambulatory surgical centres and others.
Global Robotically Assisted Surgical Devices Market Country Level Analysis
Global robotically assisted surgical devices market is analysed and market size insights and trends are provided by country, type, component, application and end users as referenced above.
The countries covered in the robotically assisted surgical devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the robotically assisted surgical devices market owing to the rising prevalence of surgical procedures and favourable reimbursement scenario in this region. Asia-Pacific on the other hand is projected to undergo the highest growth rate during the forecast period owing to the increasing expenditure for research and development proficiencies and large patient pool.
The country section of the robotically assisted surgical devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The robotically assisted surgical devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for robotically assisted surgical devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the robotically assisted surgical devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Robotically Assisted Surgical Devices Market Share Analysis
The robotically assisted surgical devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to robotically assisted surgical devices market.
The major players covered in the robotically assisted surgical devices market report are Stryker, Medtronic, Intuitive Surgical, Zimmer Biomet, Smith+Nephew, Asensus Surgical US, Inc., Medrobotics Corporation, THINK Surgical, Inc., Auris Health, Inc., CMR Surgical Ltd., Medtech Life Pvt. Ltd., Corindus, Inc., Renishaw plc, Medical Devices Business Services, Inc., meerecompany Inc., Titan Medical Inc., Venus Concept, Accuray Incorporated, Stereotaxis, Inc. and KUKA AG among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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