The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Surgical Robotics market. The rising demand for the Surgical Robotics market is expected to drive the demand for Surgical Robotics market, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
The Global Surgical Robotics Market is projected to reach USD 9.59 billion in 2027. Rise in automation in the healthcare sector, high demand for minimally invasive treatments, and adoption of advanced technology in both developed and developing economies are expected to boost the surgical robotics and navigation market growth. The major reason for non-compliance of surgical procedures is pain assisted with invasive method. To acquire the major user acceptance market players in surgical robotics and navigation market are more focused in developing non-invasive and portable robotic platform.
For instance, Versius Robotic System from CMR Surgical a UK based company has been used by NHS surgeons for minimal access surgery (MAS) in 2019. The portable design of robotic device permits free movement within ward and between various hospitals also help easy access in keyhole surgery. Several development of user friendly and technologically developed robotic platforms to capture need gap is one of the major factor driving the market growth. For instance, Senhance Surgical Robotic System a U.S. based company has received Japanese approval for its TransEnterix‘s Senhance robot-assisted surgery device for several procedures.
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The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Surgical Robotics market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the Surgical Robotics market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Surgical Robotics Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Key players in the market include Medrobotics, Procept BioRobotics, Verb Surgical, DePuy Synthes, BrainLab, Titan Medical, Zimmer Biomet, Globus Medical, Auris Health, TransEnterix, Globus Medical, CMR Surgical, Getinge, Blue Belt Technologies, and ELMED Medical, among others.
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For the purpose of this report, Emergen Research has segmented into the global Surgical Robotics Market on the basis of Product Type, Applications, End Use and region:
Type Outlook (Revenue: USD Billion; 2017-2027)
- Spinal surgery
- ENT Surgery
- Orthopedic Surgery
- Robotic Radiosurgery System
Applications Outlook (Revenue: USD Billion; 2017-2027)
End Use Outlook (Revenue: USD Billion; 2017-2027)
- Ambulatory Care Centers
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Key Highlights of Report
- Ambulatory care centers for its highest amount of usage and extensive proliferation of the new ASCs in the developed countries are the factors driving the market growth substantially.
- In February 2020, Midland Health had partnered with local neurosurgeons and Midland Memorial Hospital for providing small-cut robot-assisted spine surgery. The Mazor X Stealth Robotic Navigation system was used in the operation as it helps with image-based pre-operative analytics and provides intra-operative guidance during surgery.
- Medtronic has acquired in 2018 Mazor Robotics in a robot-assisted surgery platform. Medtronic, acquisition was to develop fully-integrated surgical planning, to unite spine technologies with Mazor robotic system. Mazor X has received 510(k) clearance from the FDA, Mazor X and Stealth are used together in the robotic-assisted surgery.
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