United States of America- 09 Oct 2024- The global surgical robotics market is poised to expand during the next decade in view of technological advancement, increasing demand for minimally invasive surgeries, and the growing prevalence of chronic diseases. This research study recently conducted about surgical robotics market opined that it will reach a market value of US$ 28.54 billion by 2031, with a compound annual growth rate of 13.7% during the forecasted period.
This piece of news reviews the driving forces for this market, emerging trends, the challenges, and future prospects for this sector that continues to grow.
Market Overview: Revolutionizing Surgical Procedures
It is a recent technology trend in the application of computer-controlled robots for assisting surgical procedures. Such robotic systems provide precision and flexibility over traditional methods for most surgery performed by surgeons with fewer incisions on patients and thus better patient outcomes.
The development of robotic surgery radically alters the health care terrain since it accounts for MIS, recovering patients sooner, and minimizing surgical mistakes. Applications of surgical robots are found in all specialties, including orthopedics, urology, gynecological, general surgery, and neurosurgery.
Advancements in Technology: Robotics and AI: Advances in robotics and AI have been one of the main growth drivers for the surgical robotics market. State-of-the-art 3D high-definition cameras, motion sensors, and analytics driven by AI enable and enhance accuracy and precision in surgical procedures as through minimally invasive methods. This is why robotic surgery is increasingly getting accessible and safe with fewer risks to patients.
Other medical specialties have been revolutionized by the da Vinci Surgical System, MAKO, and Rosa, that simplify the surgical procedure and make complex surgeries much easier. In addition, the integration of AI in these robots allows for predictive analytics that help surgeons make data-driven decisions during procedures.
Increasing Demand for Minimally Invasive Surgeries
This is a relatively new area of interest in the world that offers minimally invasive surgeries. Besides providing short recovery time, less pain, and minimal scars to patients, all these advantages offered by robotic-assisted surgeries make it a first choice for both patients and health care providers. In comparison with traditional open surgeries, the robotic systems help the surgeons make even smaller incisions than with traditional open surgeries, thereby reducing post-operative complications and infections.
Moreover, raising awareness concerning the benefits of robotic-assisted surgery is fueling demand for more robotic solutions in developed and emerging markets.
Aging Population and Rise in Chronic Diseases
The growing elderly population is driving the surgical robotics market further with the world's population aging and living longer. As the elderly population rises, so will the incidence of chronic diseases such as cancer, cardiovascular disorders, and orthopedic conditions. A good number of these chronic diseases call for surgical treatment, and the robots provide a more reliable nature and better outcomes in treating the diseases at hand, especially complex diseases.
One other area of improvement has been within the rise of joint replacement surgeries. Older and demanding patients increasingly require such procedures, and with this growth, robotic orthopedic surgery has surged, as robots also help in providing greater accuracy in implant placement in knee and hip replacement surgeries.
Outpatient and Ambulatory Surgery Center rise
The increasing number of outpatient surgeries and expansions in ASCs opens the gates for robotic surgery systems. The convenience along with a relatively lower cost will help clients gain popularity when the technology becomes prominent in sophisticated, non-hospital ambulatory surgery centers that offer highly advanced options.
New Surgical Robotics Market Developments
- Tele-surgery through robotics
These new trends, such as tele-surgery where surgeries are performed with the help of robotic machinery by surgeons operating from a remote location, will dramatically redefine the future of surgery. 5G technology and the prospect of real-time data transfer are helping to make a difference in the ability for surgeons to work from a distance to provide access to specialized surgical care in underserved regions.
- Expanding Applications
Traditionally, the application of robotic surgery has been restricted to areas like orthopedics and urology. It now, however, forms an increasingly radical new area with developments in cardiovascular surgeries, colorectal surgeries, and thoracic surgeries, thereby expanding the scope of robotic-assisted surgery.
- R&D Investment Increasing
The surgical robotics market's leading players are investing heavily in R&D to launch more advanced and cost-effective solutions. Intuitive Surgical, Medtronic, Stryker, and other major players keep innovating to extend their portfolios and bring more efficient, safer, and user-friendly robotic systems.
Challenges to the Surgical Robotics Market
While promising tremendous growth, the surgical robotics market is coupled with a number of challenges. The cost of these robotic systems is still on the higher side, and training is also costly and contributes as a barrier to its acceptance, which affects the developing countries mainly.
Further, regulatory and reimbursement obstacles can pose some delaying factors toward the introduction and market entry of new technologies in this area.
Future Outlook
The future for the global surgical robotics market is bright in terms of immense growth and innovation opportunities. As technology advances and the benefits of robotic-assisted surgery become more publicized, more healthcare facilities are likely to adopt such systems. Growing interest in tele-surgery and expanding application in diverse fields of surgery also has tremendous potential to raise growth in this market.
With high demands for precision, efficiency, and patient-centered care, surgical robotics is envisioned to be one of the cornerstones of modern healthcare systems worldwide.
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The Global Surgical Robotics Market size was valued at USD 66.02 billion in 2019 and is predicted to reach USD 158.70 billion by 2030 with a CAGR of 8.3% from 2020-2030.Surgical Robotics lead to minimally invasive procedures with high precision, minimal incision, reduced blood loss, lesser pain, and quicker healing time, as compared to traditional surgical procedures.
In robotically assisted surgeries, the surgeon controls overall surgical procedure by manipulating the self-powered, computer aided robot, that comprises of miniature surgical instruments mounted on its robotic arms.
Surgical robots are commonly used in minimally invasive surgery, remote surgery, and unmanned surgery.
The increasing commercialization of surgical robots consequently propagates the growth of global surgical robotics market.Access Full Description of this report at:-https://www.nextmsc.com/report/surgical-robotics-market Top Companies: Medtronic plc, Smith & Nephew Plc.
Based on surgery type, the market is divided into gynecology surgery, urology surgery, neurosurgery, orthopedic surgery, general surgery, and other surgeries.
Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising Europe, North America, Asia-Pacific, and RoW.Request sample copy of this report at:-https://www.nextmsc.com/Surgical-Robotics-Market/request-sample North America region dominated the global surgical robotics market in the past, and is expected to maintain this trend throughout the forecast period, accounting for the major market share.
The global Surgical Robotics System market was valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.This report focuses on Surgical Robotics System volume and value at global level, regional level and company level.
From a global perspective, this report represents overall Surgical Robotics System market size by analyzing historical data and future prospect.Regionally, this report categorizes the production, apparent consumption, export and import of Surgical Robotics System in North America, Europe, China, Japan, Southeast Asia and India.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-surgical-robotics-system-2019-117For each manufacturer covered, this report analyzes their Surgical Robotics System manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.The following manufacturers are covered:Mazor RoboticsIntuitive SurgicalMedtech SAVerb SurgicalAuris Surgical RoboticsMedroboticsRestoration RoboticsVirtual IncisionTHINK SurgicalMedtech S.ATransEnterixTitan MedicalAVRA Medical RoboticsSegment by RegionsNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaSegment by TypeOpen SurgeryMinimal InvasiveSegment by ApplicationHospitalsAmbulatory Surgical CentersGet the Complete Report & TOC at https://www.24marketreports.com/life-sciences/global-surgical-robotics-system-2019-117CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: help@24marketreports.comFollow Us On linkedin :- https://www.linkedin.com/company/24-market-reports
The latest trending report Global Surgical Robotics Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Surgical Robotics market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Surgical Robotics industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Surgical Robotics and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/26018-surgical-robotics-market-analysis-reportThe major players covered in Surgical Robotics are:Intuitive SurgicalTransEnterixMedtech S.AStrykerMedroboticsMazor RoboticsRestoration RoboticsTHINK SurgicalBy Type, Surgical Robotics market has been segmented intoLaparoscopyOrthopedicsOthersBy Application, Surgical Robotics has been segmented into: Open SurgeryMinimal InvasiveThe report offers in-depth assessment of the growth and other aspects of the Surgical Robotics market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Surgical Robotics Market @ https://www.decisiondatabases.com/contact/download-sample-26018The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Surgical Robotics product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Surgical Robotics, with price, sales, revenue and global market share of Surgical Robotics in 2018 and 2019.Chapter 3, the Surgical Robotics competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Surgical Robotics breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Surgical Robotics market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Surgical Robotics sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Surgical Robotics Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-26018All Robotics Related Reports by DecisionDatabases.com @ https://goo.gl/d7T49mAll Surgical Related Reports by DecisionDatabases.com @ https://goo.gl/fmTFSwAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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