Global Surgical Robots Market was Valued at US$ 6,875.1 Mn in 2018 and Anticipated to Observe a CAGR of 21.4% during the Forecast Period: VynZ Research

(The Express Wire via Comtex)

Global Surgical Robots Market Growth Analysis, Segments, Revenue, Key Manufacturers and 2026 Forecast Research Report

The Global Surgical Robots Market will derive growth from recent technological advancements that have enabled minimally invasive surgeries. According to a report published by Fortune Business Insights, titled “Surgical Robots: Global Market Analysis, Insights and Forecast, 2019-2026,”

The market was valued at US$ 1,463.0 Mn in 2018. Fortune Business Insights predicts that the market will reach 6,875.1 Mn by 2026, thereby exhibiting a CAGR of 21.4% during the forecast period.

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By Application

  • General Surgery
  • Gynecology
  • Urology
  • Orthopedics
  • Others

By End-User

  • Hospitals
  • Ambulatory Surgery Centers
  • Others

By Geography

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Rest of World

Surgical robots are used to perform computer-assisted surgeries in the presence and guidance of skilled surgeons. Surgical robots were manufactured to enable magnified images and efficient surgical operations within the intricate human anatomy. The ability of surgical robots to conduct precise hand movements without having to deal with shortcomings such as fatigue, instability, and distractions have enabled efficient surgical procedures within less time. This, in turn, has led to a rising uptake of surgical robots across the world. The need for zero or minimum margin of error has opened the doors for innovations and created a potential for growth of the global surgical robots market, through the development of highly efficient products.

Furthermore, surgical robots help surgeons operate with the utmost stability and enhanced movements while dealing with neurological parts of the body, which in turn minimizes damage of healthy tissues. The aforementioned factors will contribute to an increase in the global surgical robots market value and will help the market grow at a considerable rate in the forthcoming years.

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Table of content:

  1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

  1. Executive Summary
  2. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

  1. Key Insights

4.1. Technological Advancements

4.2. Pricing Analysis, by Key Players

4.3. Detail Product Mapping, by Key Players

4.4. Key mergers and acquisitions, by Key Players

  1. Global Surgical Robots Market Analysis, Insights and Forecast, 2015-2026

5.1. Key Findings / Summary

5.2. Market Analysis, Insights and Forecast By Application

5.2.1. General Surgery

5.2.2. Gynecology

5.2.3. Urology

5.2.4. Orthopedics

5.2.5. Others

5.3. Market Analysis, Insights and Forecast By End User

5.3.1. Hospitals

5.3.2. Ambulatory Surgery Centers

5.3.3. Others

5.4. Market Analysis, Insights and Forecast By Region

5.4.1. North America

5.4.2. Europe

5.4.3. Asia pacific

5.4.4. Rest of World

Minimally Invasive Robot-sssisted Surgeries Will Favor Market Growth

Recent technological advancements have enabled surgical operations through robots wherein the efficiency and time-to-completion have been unmatched by their human counterparts. The advent of minimally invasive surgical procedures due to rising demand for imaging techniques through infrared technology have led to a rising uptake of surgical robots across the world. In April 2019, the Vanderbilt Institute for Surgery and Engineering (VISE) received a grant of an approximate US$ 2 Mn for the development of a surgical robot within a minimally invasive environment. The project revolved around prostate surgeries and would include operations through needle sized robotic arms. Fortune Business Insights predicts that increasing adoption of minimally invasive surgeries through surgical robots will minimize the use of surgical stitches, thereby creating a huge demand among surgeons as well as end users across the world. The report studies the impact of product launches similar to VISE’s latest surgical robot and gauges the impact of these products on the global surgical robots market.

Fortune Business Insights profiles a few of the companies operating in the global surgical robots market. Some of the leading companies that are operating in the market are Intuitive Surgical Inc., Medtronic, Stryker, Smith and Nephew and Zimmer Biomet.

Secondary Research Is Conducted To Derive The Following Information

  • Details such as revenues, market share, strategies, growth rate, product and their pricing by region/country for all major companies
  • Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
  • Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
  • Number of procedures and average price of procedures
  • Replacement rate and pricing of capital equipment
  • Market dynamics in relation to the market under focus Drivers, restraints, trends, and opportunities
  • Market and technological trends, new product developments, product pipeline.

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