October 30, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Robotic Surgery Market: World Market Review By Component Type (Systems, Instruments and Accessories, Services), By Surgery Procedures, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Surgery Procedures (Gynecology, Urology, Orthopaedic, General Surgery, Others), By Region (North America, Europe, Asia Pacific, RoW), By Country (U.S., Canada, U.K., Germany, France, Italy, China, Japan, India, Brazil)’, the worldwide robotic surgery market is predicted to exceed 10.8% CAGR by the year 2024.
Surgical robot is a mixture of software, accessories and equipment. It includes complete dependence or partial interference on specially manufactured machines to carry out surgical operations. Robotic technology is improving surgery through enhanced stability, dexterity, and precision.
Robotic surgery market is mainly driven by factors which include increased prevalence of chronic diseases, rising investments to develop highly advanced medical infrastructure, and growing demand for minimally invasive surgeries. Furthermore, factors like growth in adoption rate of new surgical robots in emerging countries, growing government initiatives, rapidly changing outlook toward robotic surgeries, and more, have been propelling the market growth.
Growing number of acquisitions and partnerships and expanding product portfolio of companies in robotic surgery market are predicted to fuel the industry growth over the forecast timeframe. However, increasing price of robotic surgery systems hamper the market growth.
According to the report, robotic surgery market is anticipated to grow with a CAGR of 10.8% through the year 2024. Furthermore, the report offers an in-depth understanding about revenue share and growth patterns for each segment, alongside the trends, drivers, and challenges impacting the market growth.
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The global robotic surgery market is analyzed on the basis of component type, procedure type, attractiveness chart, and geographical outlook. Based on the component type, the market is segmented as systems, services, accessories, and instruments. While considering the procedure, the market is fragmented as general surgery, orthopedic surgery, gynecology surgery, urology surgery, and others.
Speaking of the attractiveness chart, the report analyzes the attractiveness and lucrative prospects of the market with respect to the procedure type and component type. Based on the geographical outlook, the market is divided into four major regions which are Asia Pacific, Europe, North America, and rest of the world.
The prominent companies operating in robotic surgery market include Think Surgical, Intuitive Surgical, Auris Health Inc., Stryker, Mazor Robotics, Smith & Nephew Plc, Medrobotics Corporation, Trans Enterix, Zimmer Biomet Holdings Inc., and Accuray.
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