Advances in Minimally Invasive Surgeries Pave Way for Large Scale Adoption of Surgical Robots
The global surgical robots market is projected to reach an approximate value of USD 11.1 billion by 2025, growing at a CAGR of 13.1%. Increasing adoption of minimally invasive surgeries, rapid technological advancements in robotic systems, increasing investments in R&D for the development of innovative systems are factors driving the surgical robots market.
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An extension of the minimally invasive surgical procedures, medical robots are creating a buzz in heralding a new wave in surgical operations. Adroit Market Research delves deeper in decoding the pathbreaking innovations making milestones and how they impact the subsequent growth diversions in the coming years.
Surgical robots are equipped with advanced functional features such as haptic response and robotic arms that allow surgeons to have complete control over the entire surgical procedures with high precision.
With advances in tele surgery, surgical robots are gaining mainstream status in recent times. Technological innovations play crucial role in balancing holistic growth outlook, directing new opportunities.
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Leading market participants are investing in new technological innovations, cost efficiency and diminished size to remain highly relevant in the industry, paving way for microbots. Complex function such as biosensing, manipulation, drug delivery and cell manipulation to pursue targeted drug delivery.
Based on magnetic field, microbots help in transporting cells and chemicals across targeted location for maximum efficacy. These microbots are designed to achieve appropriate feedback and vision systems to enable high precision surgeries. Therefore, global surgical robots market is expected to have high value ROI. Surgical robots are gaining tremendous acceptance across APAC nations owing to large scale investments by industry veterans seeking entry in the developing nations. One of the most important end-use applications of surgical robots is in gynecological surgeries, powered with AI integration.
Followed by gynecological applications, orthopedic application is likely to gain tremendous prominence in the coming years. Post operative complications are highly controlled by surgical robots. These result in improved healthcare outcome in orthopedics, while keeping expenses under complete control. This report is designed to take a deep-dive into the market developments that are poised to coin high potential growth.
The global surgical robots market has been segmented based on products & services, application and end-users. Based on products & services, the market is categorized into systems, instruments and accessories, and services. Instruments and accessories segment held substantial share of the global market in 2018. Application-wise, the global surgical robots market is segmented into neurosurgery, general surgery, gynecological surgery, urological surgery, orthopedic surgery and others.
Asia Pacific is expected to grow at a rapid pace over the next few years. Increasing adoption of surgical robots in healthcare facilities in China and Japan along with rapidly rising surgical procedures are major factors anticipated to drive the growth of the market in the region.
Key players operating in the global surgical robots market include Intuitive Surgical, Stryker Corporation, Medtronic plc, Smith & Nephew, Hansen Medical, Renishaw plc, Medrobotics Corporation, TransEnterix Surgical Inc. CMR Surgical, and THINK Surgical among others.
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Key Segments of the Global Surgical Robots Market
Products & Services Overview, 2015-2025 (USD Million)
- Instruments & Accessories
Application Overview, 2015-2025 (USD Million)
- General Surgery
- Urological Surgery
- Orthopedic Surgery
- Gynecological Surgery
End-users Overview, 2015-2025 (USD Million)
- Ambulatory Surgical Centers (ASCs)
Regional Overview, 2015-2025 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
Adroit Market Research employs comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives.
What does the report include?
- The study on the global surgical robots market includes qualitative insights such as drivers, restraints, challenges and opportunities
- Additionally, the market has been evaluated using the Porter’s Five Forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of products & services, application, and end-users. Moreover, the study on surgical robots market provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players operating in the market with a significant global and/or regional presence
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a codeâ€“ Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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