According to the “Surgical Robotic Systems Market: Global Opportunity Analysis and Industry Forecast, 2019-2027“, report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market.
The surgical robotic systems market size was valued at $ 5,341.0 million in 2019, and is expected to reach $ 15,010.3 million by 2027 at a CAGR of 13.7% during the forecast period. Robotic surgery is a minimally invasive type of surgery that uses robotics to perform surgical procedures. Such robotic systems are operated by surgeons and are made of miniaturized surgical instruments placed on robotic arms, allowing surgeons to conduct the operation accurately.
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Since the past few years, surgical robots have undergone a paradigm shift due to technical developments in the fields of 3D imaging, high-definition microscopic cameras, data recorders, data processing devices, motion sensors, remote navigation systems, robotic-controlled catheters and other medical-use accessories.
The increasing need for automation in the healthcare sector and growing demand for minimally invasive surgeries are the major factors driving the surgical robotic systems and procedures market. In addition, a rise in incidences of colorectal cancer, neurological disorders, gynecological diseases among others, is expected to boost the adoption of robotic surgical systems. Surgical robotic systems offer less post-surgical complications and reduce labor cost.
The global surgical robotics systems market is segmented into component, application and region. Based on component, the market is segmented into systems, accessories, and services. The based on application is segmented into gynecology surgery, urology surgery, neurosurgery, orthopedic surgery, general surgery and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Covid-19 Scenario Analysis:
COVID-19 pandemic, which started from Wuhan city of China, has widely spread across the globe. This pandemic has disrupted growth in many economies across various domains. The COVID-19 pandemic has stressed healthcare systems worldwide, so many hospitals and trauma center services are no longer open for public services, owing to safety measures imposed by governments. The COVID-19 outbreak is expected to impact positively on the global surgical robotic systems market during the forecast period. In many hospitals around the world, non-emergent surgeries were put on hold as hospitals were transformed into COVID centers. COVID-19 has put a virtual halt to elective surgeries, robotic-assisted surgeries are beneficial to support of critical patients, owing benefits over open surgery and often over conventional laparoscopy surgeries. COVID-19 pandemic has given a boost to robotic-assisted surgeries and many systems have been installed in developing countries in the last few months.
Key Benefits:
• The study provides an in-depth analysis of the global surgical robotic systems market along with the current trends and future estimations to elucidate the imminent investment pockets.
• A comprehensive analysis of the factors that drive and restrict the surgical robotic systems market growth is provided in the report.
• The surgical robotic systems market forecast is studied from 2020 to 2027.
• Comprehensive quantitative analysis of the industry from 2019 to 2027 is provided to enable the stakeholders to capitalize on the prevailing surgical robotic systems market opportunities.
• Extensive analysis of the key segments of the surgical robotic systems industry helps to understand the application and products of surgical robotics that are used across the globe.
• Key market players and their strategies have been analyzed to understand the competitive outlook of the surgical robotic systems market.
The research offers an extensive analysis of key players active in the global surgical robotics systems market include Intuitive Surgical, Inc., Stryker Corporation, Titan Medical Inc., Transenterix, Inc., Johnson & Johnson, Globus Medical, Inc, Medtronic Plc., Siemens Ag (Siemens Healthineers), Smith & Nephew and Zimmer Biomet Holdings Inc.
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