According to the research report titled ‘Global Surgical Robots Market (2022 Edition) - Analysis By Component (Systems, Disposables, Services), Surgical Specialty, By Region, By Country: Market Insights and Forecast with Impact of Covid-19 (2021-2026)’, available with MarketStudyReport, global surgical robots market was valued at USD 8052.67 million in 2020 and is projected to showcase a healthy CAGR during the forecast timeline.

The rising demand for automation in the healthcare sector, the increasing geriatric population, and the growing prevalence of chronic diseases are some of the key factors driving the growth of global surgical robots market.

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Notably, surgeries with minimally invasive robot assistance are growing popular across the globe, due to their benefits, such as smaller incisions, fewer cuts, less scarring, less discomfort, increased safety, quicker recovery times, and significant financial savings.

Furthermore, surgical robots ease the stress on surgeons, assist them in overcoming human limitations and remove obstacles in traditional surgical instruments and techniques, resulting in better clinical results for patients

Apart from this, the increasing adoption of robot-assisted minimally invasive surgeries (MIS), technological breakthroughs, and the rising usage of surgical robots in neurosurgery, cardiac surgery, and other surgeries is expected to fuel the overall market growth as well.

The COVID-19 outbreak had an unprecedented influence on the worldwide economy, especially the healthcare space. Moreover, to contain the virus, various federal and state governments imposed strict restrictions after the World Health Organization declared COVID-19 a global pandemic in March 2020. These measures included social segregation, travel restrictions, border closures, bans on public gatherings, work-from-home policies, supply chain logistical variations, and the closure of non-essential businesses.

By component type, the market is divided into services, disposables, and systems. Based on the surgical specialty, the industry is fragmented into orthopedic, urology, gynecology, general surgery, and others.

The geographical landscape of global surgical robots market extends to the Middle East and Africa, Asia Pacific, Europe, Latin America, and North America, with major impress on countries such as China, Japan, France, the U.K., Germany, Australia, the U.S., India, Canada, and Italy with North American driving the geographical market share.

THINK Surgical Inc., Medrobotics Corporation, Asensus Surgical, Renishaw plc, Accuray Incorporated, Zimmer Biomet, Smith & Nephew plc, Medtronic plc, Stryker Corporation, and Intuitive Surgical Inc. are the major companies operating in global surgical robots market.