Surgical Robots Market | 2021 Global Analysis By Size, Growth Insights, Developments, Emerging Technologies, COVID-19 Impact, Share, Key Players, Trends, Regional Outlook And Global Industry Forecast To 2026 is latest study published by Fortune Business Insights. Surgical Robots market size expected to reach USD 6,875.1 million value by 2026. Surgical Robots Industry is segmented By Application (General Surgery, Gynecology, Urology, Orthopedics, Others), By End User (Hospitals, Ambulatory Surgery Centers, Others) and Regional Forecast, 2019 – 2026.
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Key Companies Studied In Report:
- Intuitive Surgical Inc.
- Medtronic
- Stryker
- Smith & Nephew
- Zimmer Biomet
- TransEnterix Surgical, Inc.
- Verb Surgical, Inc.
- THINK Surgical, Inc.
Global Surgical Robots Market Highlights
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.
Rising Regulatory Approvals Identified as Chief Growth Driver
As surgical robots are essentially dealing with sensitive parts of the body, regulatory authorities are somewhat reluctant to clear the products for usage. Having said that, recent advancements in surgical robots and the advent of high precision products have churned out several regulatory clearances. Subsequently, increasing regulatory approvals will favor the growth of the global Surgical Robots Market. In 2019, Zimmer Biomet received clearance from the Food and Drug Administration (FDA) for the usage of its latest product ‘Rosa One Brain Application’. The system allows surgical navigation and positioning for operations related to neurological body parts, wherein extreme precision methods are required. Fortune Business Insights predicts that advancements in neurological surgeries will account for significant amount of growth of the global Surgical Robots Market.
Minimally Invasive Robot-assisted 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.
Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Surgical Robots market to figure out and study the market’s needs, market size, and competition.
Regional Analysis:
- 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)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)
This report focuses on Surgical Robots Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
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Surgical Robots Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
Competitive Analysis And Industry News:
Major companies in the global Surgical Robots Market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. Staying on top of market trends and drivers is crucial for decision-makers to hold this emerging opportunity. The study provides information on market trends and development, drivers, capacities, technologies, and the changing investment structure of the Surgical Robots Industry.
Key questions answered in the report:
- What will the market growth rate of Surgical Robots Market in 2026?
- What are the key factors driving the global Surgical Robots Market?
- Who are the key manufacturers in Surgical Robots Market space?
- What are the market opportunities, market risk and market overview of the Surgical Robots Global market?
- What are sales, revenue, and price analysis of top manufacturers of Surgical Robots Global market?
- What are sales, revenue, and price analysis by types and applications of Surgical Robots Market?
- What are sales, revenue, and price analysis by regions of Surgical Robots market?
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Table of Content:
1 Market Overview
1.1 Surgical Robots Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2020-2026)
1.4.1.2 Canada Market States and Outlook (2020-2026)
1.4.1.3 Mexico Market States and Outlook (2020-2026)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2020-2026)
1.4.2.2 France Market States and Outlook (2020-2026)
1.4.2.3 UK Market States and Outlook (2020-2026)
1.4.2.4 Russia Market States and Outlook (2020-2026)
1.4.2.5 Italy Market States and Outlook (2020-2026)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2020-2026)
1.4.3.2 Japan Market States and Outlook (2020-2026)
1.4.3.3 Korea Market States and Outlook (2020-2026)
1.4.3.4 India Market States and Outlook (2020-2026)
1.4.3.5 Southeast Asia Market States and Outlook (2020-2026)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2020-2026)
1.4.4.2 Egypt Market States and Outlook (2020-2026)
1.4.4.3 Saudi Arabia Market States and Outlook (2020-2026)
1.4.4.4 South Africa Market States and Outlook (2020-2026)
1.4.4.5 Turkey Market States and Outlook (2020-2026)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global Surgical Robots, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global Surgical Robots and Market Share by Manufacturer (2017-2018)
3.2 Global Surgical Robots Revenue and Market Share by Manufacturer (2017-2018)
3.3 Market Concentration Rate
3.3.1 Top 3 Surgical Robots Manufacturer Market Share in 2018
3.3.2 Top 6 Surgical Robots Manufacturer Market Share in 2018
3.4 Market Competition Trend
4 Global Surgical Robots Market Analysis by Regions
4.1 Global Surgical Robots, Revenue and Market Share by Regions
4.1.1 Global Surgical Robots and Market Share by Regions (2020-2026)
4.1.2 Global Surgical Robots Revenue and Market Share by Regions (2020-2026)
4.2 North America Surgical Robots and Growth Rate (2020-2026)
4.3 Europe Surgical Robots and Growth Rate (2020-2026)
4.4 Asia-Pacific Surgical Robots and Growth Rate (2020-2026)
4.5 South America Surgical Robots and Growth Rate (2020-2026)
4.6 Middle East and Africa Surgical Robots and Growth Rate (2020-2026)
5 North America Surgical Robots by Country
5.1 North America Surgical Robots, Revenue and Market Share by Country
5.1.1 North America Surgical Robots and Market Share by Country (2020-2026)
5.1.2 North America Surgical Robots Revenue and Market Share by Country (2020-2026)
5.2 United States Surgical Robots and Growth Rate (2020-2026)
5.3 Canada Surgical Robots and Growth Rate (2020-2026)
5.4 Mexico Surgical Robots and Growth Rate (2020-2026)
8 South America Surgical Robots by Country
8.1 South America Surgical Robots, Revenue and Market Share by Country
8.1.1 South America Surgical Robots and Market Share by Country (2020-2026)
8.1.2 South America Surgical Robots Revenue and Market Share by Country (2020-2026)
8.2 Brazil Surgical Robots and Growth Rate (2020-2026)
8.3 Argentina Surgical Robots and Growth Rate (2020-2026)
8.4 Colombia Surgical Robots and Growth Rate (2020-2026)
9 Middle East and Africa Surgical Robots by Countries
9.1 Middle East and Africa Surgical Robots, Revenue and Market Share by Country
9.1.1 Middle East and Africa Surgical Robots and Market Share by Country (2020-2026)
9.1.2 Middle East and Africa Surgical Robots Revenue and Market Share by Country (2020-2026)
9.2 Saudi Arabia Surgical Robots and Growth Rate (2020-2026)
9.3 Turkey Surgical Robots and Growth Rate (2020-2026)
9.4 Egypt Surgical Robots and Growth Rate (2020-2026)
9.5 Nigeria Surgical Robots and Growth Rate (2020-2026)
10 Surgical Robots Market In Developing Countries
11 South America Surgical Robots Market Analysis by Countries
12 Competitive Landscape
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Surgical Robots Market Forecast
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter’s Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
Continued…
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