The global surgical robots market is expected to reach USD
8.24 billion by 2025, growing at a CAGR of 22.3%over the forecast period,
according to a new report by Grand View Research, Inc. Increasing adoption of
minimally invasive surgeries among patients owing to its added benefits such as
need for shorter hospital stays by patients, compared to traditional surgery,
introduction of flexible and cost-effective surgical robots by new
manufacturers and increasing approvals for new medical conditions are some
factors responsible for driving the surgical robots market.
In addition, advances in medical imaging,
increase in surgeon/patient acceptance for laparoscopic and robotic procedures,
increasing number of patients suffering with tumors, spine disorders, lung
cancer and others are expected to drive the adoption of surgical robots over
the forecast period. However, limited adoption rate of surgical robots in
developing/underdeveloped economies due to untrained doctors, limited spending
on healthcare infrastructure may hinder the market growth.
On the basis of application, the market is
classified into orthopedics, neurology, urology, gynecology and others. The
others segment includes oral surgeries, thoracic surgeries, and general
laparoscopic surgeries. The other application segment dominated the market in
2018, with a revenue of USD 748.5 million and is also expected to grow at the
fastest rate over the forecast period. This is owing to a large number of
general laparoscopic surgeries being conducted and increasing number of medical
approvals for treatment of new medical conditions.
North America dominated the surgical robots
market with a revenue of USD 1.03 billion in 2018, owing to the presence of
leading manufacturers such as Stryker Corporation, Medtronic, Intuitive
Surgical and others in the region. Moreover, increasing approval by the FDA for
new robotic systems has led to rise in the number companies in the market which
has increased the competition in the region. On the other hand, the region is
also anticipated to witness fastest growth during the forecast period, as large
number of hospitals are becoming the adopters of this technology.
For full research report on Surgical
Robots Market visit here:
https://www.grandviewresearch.com/industry-analysis/surgical-robot-market
Further Key
Findings from the report suggest:
- North America dominated the market in 2018
with a revenue of USD 1.03 billion, owing to factors such as presence of
major manufacturers in the region, growing investments and high healthcare
expenditure
- The others segment dominated the market in
2018, owing to a high prevalence of general and laparoscopic surgeries,
and increasing approval for treatment of new medical conditions.
- Some of the key players operating in this
space are Intuitive Surgical, Stryker Corporation, Medtronic, Smith &
Nephew and others
Get free request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/surgical-robot-market/request/rs1
Grand
View Research has segmented the global surgical robots market on the basis of
application outlook, and regional outlook:
Surgical
Robot Application Outlook (Revenue, USD Million, 2014 - 2025)
- Orthopedics
- Neurology
- Urology
- Gynecology
- Others
Surgical
Robot Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- Japan
- China
- Latin America
- Mexico
- Brazil
- MEA
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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