Renub Research has recently published a report named "Surgical Robots Market, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis" providing a detailed industry analysis that consists of market share insights. Furthermore, the report comprises competitor and regional research and contemporary extension. The Global Surgical Robotics Market will reach US$ 16.51 Million by 2030. Surgical robotics has evolved due to technological advancements and the demand for precise and minimally invasive procedures—initially, the development of robotic systems by professionals to enhance surgical capabilities.
Over time, sophisticated mechanical systems with advanced imaging and improved control mechanisms enabled precise surgeries. Teleoperated systems like the da Vinci Surgical System revolutionized the field, allowing remote control and smaller incisions. In addition, integrating AI and machine learning improved robotic capabilities, analysing medical data, and assisting decision-making. Global Surgical Robotics Market will surge at a CAGR of 17.44% from 2022 to 2028 due to technological advancements, rising demand for minimally invasive procedures, and improved surgical precision leading to better patient outcomes.
The demand for minimally invasive procedures fuelled the evolution of surgical robotics, offering reduced pain and faster recovery. Surgical robots enable precise control and access to challenging areas. Continuous development of robotics, AI, and advanced imaging has transformed surgery, benefiting professionals and patients. The increasing demand for minimally invasive procedures, improved surgical precision, and faster patient recovery has also contributed to the rising utilization of surgical robotics. Integrating artificial intelligence and machine learning algorithms has improved surgical outcomes and patient safety.
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Additionally, the increasing number of cases of chronic diseases and an aging population worldwide has increased the need for surgical interventions, boosting the demand for surgical robotics. The National Cancer Institute estimates that by 2030, there will be approximately 22 million cancer cases worldwide, with Africa, Asia, and Central & South America accounting for around 60% of these incidences. Favorable reimbursement policies and significant investments in research and development by industry leaders have further stimulated the Global Surgical Robotics Market growth.
Services (maintenance & upgradation) shall thrive in the coming years.
The growth of services in the global surgical robotics market, including maintenance and upgrading, is driven by increasing adoption, technological advancements, regulatory compliance, expanding installed base, and the need for specialized expertise. Ongoing maintenance ensures smooth operations, optimized performance, and reduced downtime. Upgrading existing systems keeps them up-to-date and compatible with emerging surgical techniques. Regulatory requirements emphasize regular servicing for patient safety. In addition, the expanding installed base increases demand for training and technical assistance. Lastly, the complexity of surgical robotics requires specialized expertise for tailored maintenance and upgrading solutions. Overall, these factors fuel the growth of services in the global surgical robotics market.
Products – The Global Surgical Robotics Market has been covered from 5 viewpoints:
- Surgical systems Instruments & accessories
- Services (maintenance & upgradation)
General Surgery shall grow considerably in the global surgical robotics market.
The progress in surgical robotics technology appeals to general surgeons, leading to adopting robotic-assisted techniques, providing better patient outcomes and advantages. The minimally invasive nature of robotic-assisted Surgery aligns with general surgery principles, contributing to its growing utilization. Furthermore, patient preference for minimally invasive options, driven by quicker recovery and improved results, expands general Surgery within the surgical robotics market. Additionally, ongoing technological advancements enhance the efficiency and effectiveness of robot-assisted general Surgery, enabling surgeons to perform a broader range of procedures using robotic systems.
Application – The Global Surgical Robotics Market has been covered from 5 viewpoints:
- General Surgery
- Gynecological Surgery
- Urological Surgery
- Orthopedic Surgery
- Interventional Cardiology
- Neurosurgery
- Other Applications
Ambulatory Surgery Centers (ASCs) will flourish in the global surgical robotics market.
Ambulatory Surgery Centers (ASCs) in the global surgical robotics market experience growth due to their cost-effectiveness, specialization in minimally invasive procedures, high patient satisfaction, technological advancements, and regulatory support. ASCs offer lower costs than hospitals, attracting patients, insurance providers, and healthcare systems. Surgical robotics improves precision and efficiency, making ASCs a cost-effective choice.
ASCs excel in outpatient minimally invasive surgeries, benefiting from smaller incisions, reduced scarring, and faster recovery with surgical robotics. Patients are delighted with the convenience, improved outcomes, and personalized care provided by ASCs. Technological advancements have made surgical robotics compact, user-friendly, and affordable for ASCs, attracting surgeons and driving demand. Regulatory recognition ensures safety and effectiveness, facilitating the integration of surgical robotics into ASCs for advanced procedures while meeting required standards.
End-Users – The Global Surgical Robotics Market has been covered from 5 viewpoints:
- Hospitals
- Ambulatory surgery centers
- Others
North America has the largest market share in the Global surgical robotics market.
North America dominance in the surgical robotics market can be due to its pioneering efforts in technological advancements, the presence of renowned companies and research institutions, a well-developed healthcare infrastructure, significant healthcare expenditures, strict regulatory frameworks, highly skilled surgeons with specialized training, a competitive market landscape, and favorable reimbursement policies. These factors collectively contribute to North America leadership position in the market.
Technology – The Global Surgical Robotics Market has been covered from 5 viewpoints:
- North America
- Europe
- Asia-Pacific
- Latin America
- Rest of World
Key Players
Notable companies in the global surgical robotics market include Medtronic, Intuitive Surgical, Stryker Corporation, Smith & Nephew, Zimmer Biomet, Renishaw plc, and Siemens Healthineers.
The report examines all seven companies from three different perspectives.
- Company Overview
- Recent Developments
- Financial Insight
Company Analysis
- Medtronic
- Intuitive Surgical
- Stryker Corporation
- Smith & Nephew
- Zimmer Biomet
- Renishaw plc.,
- Siemens Healthineers
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