Global Surgical Robots market anticipated fueling by the rapid increase in the adoption of robotic medical systems and the rise in the disposable income of people in emerging economies
Global Surgical Robots market likely to grow with a notable rate during the forecast period, 2020-2027. It is owing to the favorable regulatory scenario in developed countries to ensure the superior quality of the surgical robots being produced. Moreover, the surge in robot-assisted surgeries worldwide due to the rise in geriatric population and chronic diseases such as diabetes, HIV, asthma, etc. are projected to boost the global surgical robot market in the forthcoming periods. Additionally, an increase in the per-capita healthcare expenditure coupled with development in healthcare infrastructure in emerging countries will augment the robust growth of the global surgical robot market in the future timeline.
The surgical robot operation is more accurate compared with laparoscopy (two-dimensional vision), the three-dimensional vision can be magnified 10-15 times, which significantly increases the accuracy of the operation, recovers quickly after surgery, and heals well.
Furthermore, the growing adoption of minimally invasive surgeries among patients due to its benefits such as the need for shorter hospital stays by patients, which led to the growth of the global surgical robot industry in the future timeline. In addition, huge technological advancements in robotic surgery such as 3D-imaging, high definition microscopic cameras, data recorders data analytic systems, motion sensors, remote navigation systems, and robotic controlled catheters are estimated to boom the global surgical robots market in the forecast periods.
Products and Services Overview in the Global Surgical Robots Market
Based on products and services, the global surgical robot market classified into Instruments & Accessories, Robotic Systems, and Service. The robot systems will be the fastest-growing market by 2027, as it reduces surgical errors and has extraordinary control in minimally invasive surgeries.
Application in the Global Surgical Robots market
Based on application, the global surgical robots market segregated into General Surgery, Urological Surgery, Gynecological Surgery, Orthopedic Surgery, Neurosurgery, and Others. The Neurosurgery segment will witness a higher growth rate during the forecast period due to the growing usage of robotic surgery to improve precision, control, and dexterity of surgical procedures to offer patients with a higher quality of operating interventions.
End-User Overview in the Global Surgical Robots Market
Based on end-user, the global Surgical Robot market categorized into Hospitals, Ambulatory Surgery Centers, and Others. Hospitals, segments accounted for a higher share in surgical robots market revenue in 2019 and are estimated to experience robust growth over the forecast timeframe. It is due to the growing focus on carrying out surgeries with better precision and ensuring more comfort for surgeons and the availability of resources and capabilities to deploy these platforms in hospitals.
Regional Overview in the Global Surgical Robots Market
By geography, the Global Surgical Robots Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America expected to witness higher growth throughout the analysis timeframe. It is primarily due to the presence of key players, a large number of research activities, and a highly structured health care industry. Additionally, the increasing prevalence of cancer, cardiovascular, neurovascular, gynaecology, and other chronic diseases in these regions will drive the North America robot surgical market.
Global Surgical Robots Market: Competitive Landscape
Companies such as Intuitive Surgical, Stryker, Mazor Robotics, Smith & Nephew, Hansen Medical, Medrobotics, TransEnterix, Medtech, Renishaw, THINK Surgical, Globus Medical, Johnson & Johnson, Zimmer Biomet, and Omni are the key players in the Global Surgical Robots Market.
Global Surgical Robots Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Economic Factor Analysis 4.1.1. Drivers 4.1.2. Trends 4.1.3. Opportunities 4.1.4. Challenges 4.2. Technological Landscape 4.3. Competitors & Product Analysis 4.4. Regulatory Framework 4.5. Company market share analysis, 2019 4.6. Porter's Five forces analysis 4.7. New Investment Analysis 4.8. PESTEL Analysis 5. Global Surgical Robots Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Product & Services 5.2.1.1. Instruments & Accessories 5.2.1.2. Robotic Systems 5.2.1.3. Service 5.2.2. By Application 5.2.2.1. General Surgery 5.2.2.2. Urological Surgery 5.2.2.3. Gynecological Surgery 5.2.2.4. Orthopedic Surgery 5.2.2.5. Neurosurgery 5.2.2.6. Others 5.2.3. By End-User 5.2.3.1. Hospitals 5.2.3.2. Ambulatory Surgery Centers 5.2.3.3. Others 5.2.4. By Region 5.2.4.1. North America 5.2.4.2. Europe 5.2.4.3. Asia Pacific 5.2.4.4. South America 5.2.4.5. Middle East & Africa 6. North America Surgical Robots Market Overview 6.1. North America Surgical Robots Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. North America Surgical Robots Market Share & Forecast, 2016-2027 6.2.1. By Product & Services 6.2.1.1. Instruments & Accessories 6.2.1.2. Robotic Systems 6.2.1.3. Service 6.2.2. By Application 6.2.2.1. General Surgery 6.2.2.2. Urological Surgery 6.2.2.3. Gynecological Surgery 6.2.2.4. Orthopedic Surgery 6.2.2.5. Neurosurgery 6.2.2.6. Others 6.2.3. By End-User 6.2.3.1. Hospitals 6.2.3.2. Ambulatory Surgery Centers 6.2.3.3. Others 6.2.4. By Country 6.2.4.1. US 6.2.4.2. Canada 6.2.4.3. Mexico 6.2.5. Company Market Share (Top 3-5) 6.2.6. Economic Impact Study on North America Surgical Robots Market 7. Europe Surgical Robots Market Overview 7.1. Europe Surgical Robots Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. Europe Surgical Robots Market Share & Forecast, 2016-2027 7.2.1. By Product & Services 7.2.1.1. Instruments & Accessories 7.2.1.2. Robotic Systems 7.2.1.3. Service 7.2.2. By Application 7.2.2.1. General Surgery 7.2.2.2. Urological Surgery 7.2.2.3. Gynecological Surgery 7.2.2.4. Orthopedic Surgery 7.2.2.5. Neurosurgery 7.2.2.6. Others 7.2.3. By End-User 7.2.3.1. Hospitals 7.2.3.2. Ambulatory Surgery Centers 7.2.3.3. Others 7.2.4. By Country 7.2.4.1. Germany 7.2.4.2. UK 7.2.4.3. France 7.2.4.4. Italy 7.2.4.5. Rest of Europe 7.2.5. Company Market Share (Top 3-5) 7.2.6. Economic Impact Study on Europe Surgical Robots Market 8. Asia Pacific Surgical Robots Market Overview 8.1. Asia Pacific Surgical Robots Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Surgical Robots Market Share & Forecast, 2016-2027 8.2.1. By Product & Services 8.2.1.1. Instruments & Accessories 8.2.1.2. Robotic Systems 8.2.1.3. Service 8.2.2. By Application 8.2.2.1. General Surgery 8.2.2.2. Urological Surgery 8.2.2.3. Gynecological Surgery 8.2.2.4. Orthopedic Surgery 8.2.2.5. Neurosurgery 8.2.2.6. Others 8.2.3. By End-User 8.2.3.1. Hospitals 8.2.3.2. Ambulatory Surgery Centers 8.2.3.3. Others 8.2.4. By Country 8.2.4.1. China 8.2.4.2. India 8.2.4.3. Japan 8.2.4.4. Australia 8.2.4.5. Rest of Asia Pacific 8.2.5. Company Market Share (Top 3-5) 8.2.6. Economic Impact Study on Asia Pacific Surgical Robots Market 9. South America Surgical Robots Market Overview 9.1. South America Surgical Robots Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. South America Surgical Robots Market Share & Forecast, 2016-2027 9.2.1. By Product & Services 9.2.1.1. Instruments & Accessories 9.2.1.2. Robotic Systems 9.2.1.3. Service 9.2.2. By Application 9.2.2.1. General Surgery 9.2.2.2. Urological Surgery 9.2.2.3. Gynecological Surgery 9.2.2.4. Orthopedic Surgery 9.2.2.5. Neurosurgery 9.2.2.6. Others 9.2.3. By End-User 9.2.3.1. Hospitals 9.2.3.2. Ambulatory Surgery Centers 9.2.3.3. Others 9.2.4. By Country 9.2.4.1. Brazil 9.2.4.2. Argentina 9.2.4.3. Rest of South America 9.2.5. Company Market Share (Top 3-5) 9.2.6. Economic Impact Study on South America Surgical Robots Market 10. Middle East & Africa Surgical Robots Market Overview 10.1. Middle East & Africa Surgical Robots Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Surgical Robots Market Share & Forecast, 2016-2027 10.2.1. By Product & Services 10.2.1.1. Instruments & Accessories 10.2.1.2. Robotic Systems 10.2.1.3. Service 10.2.2. By Application 10.2.2.1. General Surgery 10.2.2.2. Urological Surgery 10.2.2.3. Gynecological Surgery 10.2.2.4. Orthopedic Surgery 10.2.2.5. Neurosurgery 10.2.2.6. Others 10.2.3. By End-User 10.2.3.1. Hospitals 10.2.3.2. Ambulatory Surgery Centers 10.2.3.3. Others 10.2.4. By Country 10.2.4.1. Saudi Arabia 10.2.4.2. UAE 10.2.4.3. South Africa 10.2.4.4. Rest of Middle East & Africa 10.2.5. Company Market Share (Top 3-5) 10.2.6. Economic Impact Study on Middle East & Africa Surgical Robots Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. Intuitive Surgical 11.7.2. Stryker 11.7.3. Mazor Robotics 11.7.4. Smith & Nephew 11.7.5. Hansen Medical 11.7.6. Medrobotics 11.7.7. TransEnterix 11.7.8. Medtech 11.7.9. Renishaw 11.7.10. THINK Surgical 11.7.11. Globus Medical 11.7.12. Johnson & Johnson 11.7.13. Zimmer Biomet 11.7.14. Omni 11.7.15. Other Prominent Players
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