Surgical Robots Market Size Worth $10.3 Billion By 2028 | CAGR: 21.9%
The global surgical robots market size is expected to reach USD 10.30 billion by 2028 according to a new study by Polaris Market Research. The report “Surgical Robots Market Share, Size, Trends, Industry Analysis Report, By Application (General Surgery, Gynecological Surgery, Urological Surgery, Neurosurgery, Orthopedic Surgery, Others); By End-Use (Hospitals, Ambulatory Surgery Centers); By Product & Services; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing demand for nominal invasive surgeries is the driving factor for the market growth of surgical robots. FDA has approved several key players operating in the segment for image-guided surgery and advanced R&D which is anticipated to boost the market growth over the forecast period. Advancement in data analytics, high-definition microscope, motion sensors, remote navigation, and 3D imaging has changed the market significantly with new business opportunities.
Robotics systems dominated the market in the year 2020, with a need for less invasive surgeries accounted for its several advantages including, lesser scarring, faster recovery, and precise operation. As the demand for lower price alternatives for robotics systems is increasing the instruments and accessories segment is expected to grow at a higher pace over the forecast period.
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Ambulatory surgery centers (ASCs) were the market leader in the year 2020 for application of surgical robots, owing to cost-saving benefits associated with it, and has the potential to dominate the market with major medical facilities adopting ASCs for operations. Orthopedics surgery is expected to gain a larger market share over the forecast period owing to an increasing number of Knee surgeries among the old age population.
North America dominated the market for surgical robots in the year 2020, owing to a large number of medical facilities shifting towards surgical robots over traditional surgery and increasing investment in the healthcare sector by the government.
Prominent players operating in the market for surgical robots are Medtronic, Stryker Corporation, Smith & Nephew, Zimmer Biomet, and Intuitive Surgical among others. One of the key market players in surgical robots industry, Stryker Corp acquired MAKO Surgical Corp. to gain a competitive advantage. TransEnterix achieved CE mark approval for the development of an intelligent surgical unit that has AI-based capabilities with machine vision.
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Polaris Market research has segmented the Surgical robots market report on the basis of product and services, end-use industry, application, and region:
Surgical Robots, Product & Services Outlook (Revenue – USD Million, 2016 – 2028)
- Instruments & Accessories
- Robotic Systems
- Services
Surgical Robots, End-Use Outlook (Revenue – USD Million, 2016 – 2028)
- Hospitals
- Ambulatory Surgery Centers (ASCS)
Surgical Robots, Application Outlook (Revenue – USD Million, 2016 – 2028)
- General Surgery
- Gynecological Surgery
- Urological Surgery
- Neurosurgery
- Orthopedic Surgery
- Other Applications
Surgical Robots, By Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
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This report studies the global market size of DiagnosticUltrasound Imaging Systems in keyregions like North America, Europe, Asia Pacific, Central & South Americaand Middle East & Africa, focuses on the consumption of DiagnosticUltrasound Imaging Systems inthese regions.
This report also studies theglobal market status, competition landscape, market share, growth rate, futuretrends, market drivers, opportunities and challenges, sales channels,distributors and Porter’s Five Forces Analysis.
Focuses on the key global Diagnostic Ultrasound Imaging Systems manufacturers, to define, describe and analyzethe sales volume, value, market share, market competition landscape, SWOTanalysis and development plans in next few years.
To strategically profile the key players and comprehensively analyze theirgrowth strategies.
Both top-down and bottom-up approaches have been used toestimate and validate the market size of Diagnostic Ultrasound Imaging Systems market, to estimate the size of various otherdependent submarkets in the overall market.
Key players in the market have beenidentified through secondary research, and their market shares have beendetermined through primary and secondary research.
The average age is around 28.9 years.
Ethnic diversity is quite diverse on a fractionation scale which for Kuwait is 0.6604.
For details on the language, religion, age, gender distribution and development of the people of Kuwait, read the sections below and visit the section on education in the country.PopulationIn Kuwait, the population density is 201 people per square kilometer (523 per square mile).
Immigrants to Kuwait make up 1.3 percent of the total number of immigrants worldwide.
Specific cultural characteristics, alone or in combination, can relate to language, skin color, religion, ethnicity, customs and traditions, history or other characteristic criteria.
In addition to Islam, there are several other religions in the country.
The global LiDAR market size is expected to reach USD 2,154.2 million by 2026 according to a new study published by Polaris Market Research.
The report “LiDAR Market Size, Share & Trends Analysis Report By Component; By Installation; By Range (Short Range LiDAR, Medium Range LiDAR, Long Range LiDAR); By Application (Urban Planning, ADAS & Driverless Cars, Corridor Mapping, Environment, Engineering, Exploration, Others); By Region, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
In 2018, the corridor mapping segment dominated the global market in terms of revenue.
These light pulses joined with other information recorded by the airborne framework—create exact, three-dimensional data about the state of the Earth and its surface attributes.
The developing requirement for 3D imaging from different parts and expanding selection of aerial LiDAR frameworks has supported the appropriation of LiDAR arrangements.
Expanding fund raising by sellers in technological pursuits combined with expanding improvement of self-sufficient vehicles and merging of cutting-edge safety systems in vehicles would hasten development of the LiDAR market.
