October 09, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Surgical Robots Market Growth 2019-2024’, the worldwide surgical robots market is predicted to amass US $2980 million by the year 2024.
A surgical robot is managed using a computer program and it aids surgery. The device provides surgeons a better access to areas under operation using less invasive and more precise methods. Rise in the number of surgeries, advancements in technology, growing research and development activities, and increasing instances of various diseases will drive surgical robots market growth.
The global surgical robots market is analyzed on the basis of product type, application spectrum, and regional landscape. Speaking of the product type, the market is segmented as orthopedics, laparoscopy, and others. The surgical robots market from laparoscopy segment held 70% share and orthopedics sector accounted for 20% share in 2016.
Based on the application spectrum, the market is fragmented as minimal invasive and open surgery, wherein minimal invasive segment dominated the market with 72% share in 2016, cites the report. The study also offers extensive insight regarding the marketing strategy, customer spectrum, distributor channel, drivers, challenges, and trends augmenting the market outlook.
Considering the regional landscape, surgical robots market is divided into four major regions which are Asia Pacific, Europe, Americas, and Middle East & Africa. North America led surgical robots market with 56% share in 2016. In addition, Europe became the next largest consumption region after North America with 20% share in the same year.
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According to the report, the worldwide surgical robots market was worth US $1190 million in 2019 and is projected to register a growth rate of 20.1% CAGR by the year 2024. Furthermore, the average cost of surgical robots is in decreasing trend, as it went down from 1280K/unit in 2012 to 1250K/unit in 2016.
The prominent vendors in surgical robots market include TransEnterix, Intuitive Surgical, Medrobotics, Stryker, THINK Surgical, Restoration Robotics, Mazor Robotics, and Medtech S.A.