Westford, USA, Oct. 17, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the Surgical Robots Market will attain a value of USD 32.33 billion by 2031, with a CAGR of 13.4% over the forecast period (2024-2031). Advancements in robotic technologies and growing penetration of digital technologies in the healthcare industry are forecasted to primarily bolster the demand for surgical robots over the coming years. Increasing burden on medical professionals and growing acceptance of robotic surgeries are also projected to drive sales of surgical robots in the future.
Browse in-depth TOC on "Surgical Robots Market"
- Pages - 206
- Tables - 95
- Figures – 76
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Surgical Robots Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $ 9.53 billion |
| Estimated Value by 2031 | $ 32.33 billion |
| Growth Rate | Poised to grow at a CAGR of 13.4% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Application, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Integration of advanced technologies to enhance capabilities of surgical robots |
| Key Market Drivers | Advancements in robotic technologies and growing use of digital technologies in healthcare |
Surgical Robots Market Segmental Analysis
The Global Surgical Robots Market is segmented based on Offering, Application, End User, Region.
In terms of Offering, the market is trifurcated into Instruments & Accessories and Services.
Based on the Application, the market is segmented into Research Institutes, Pharmaceutical & Biotechnology Companies and Others.
Based on the End User, the market is divided into Hospitals & Clinics and Ambulatory Surgery Centers.
Based on Region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.
Robot Systems to Account for a Dominant Share of the Global Surgical Robot Demand Outlook
Robot systems are complete surgical systems that can operate without the need for other instruments or equipment. Robot systems can be supervised or partially controlled by surgeons to improve the safety of the surgical procedure. Increasing acceptance of robotic surgeries among patients will bolster the demand for autonomous surgical robots and contribute to the high market share of this segment.
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Demand for Rapid Medical Response in Emergency Boosting Adoption of Surgical Robots in Ambulatory Surgical Centers
Rising incidence of accidents and disasters around the world has bolstered the demand for emergency medical response. Robots can adhere to guidelines and stay calm in face of adversities as compared to humans who might be affected in certain situations. This factor is primarily boosting sales of surgical robots for ambulatory surgical centers around the world.
North America to Spearhead Surgical Robots Consumption Owing to High Acceptance of Robotic Surgeries
North American patient population is open to robotic surgeries and has been known to quickly adopt advanced healthcare solutions, which makes this region a dominant one. Moreover, the presence of a developed healthcare infrastructure and easy availability of robotic surgery procedures in multiple healthcare establishments also help promote the demand for surgical robots in this region. The United States and Canada are forecasted to be the most opportune markets for surgical robot providers in this region.
Surgical Robots Market Insights:
Drivers
- Advancements in robotics technologies
- Acceptance of robotic surgeries
- Increasing use of digital technologies in the healthcare industry
Restraints
- High costs of surgical robots
- Risk of malfunction or surgical errors
Prominent Players in Surgical Robots Market
- Intuitive Surgical
- Stryker
- Medtronic
- Smith+Nephew
- Zimmer Biomet
- Asensus Surgical
- Siemens Healthineers
- CMR Surgical
- Johnson & Johnson
- Renishaw Plc
- avateramedical GmbH
- Brainlab AG
- THINK Surgical
- Medicaroid Corporation
- Globus Medical, Inc.
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Key Questions Answered in Surgical Robots Market Report
- What drives the global Surgical Robots market growth?
- Who are the leading Surgical Robots providers in the world?
- Which region leads the demand for Surgical Robots in the world?
This report provides the following insights:
Analysis of key drivers (growing use of digital technologies in healthcare, rising acceptance of robotic surgeries, advancements in robotic technologies), restraints (high costs of surgical robots, risk of surgical errors and malfunctioning, stringent regulatory mandates for approval), and opportunities (integration of new technologies, targeting emerging countries), influencing the growth of Surgical Robots market.
- Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.
- Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the Surgical Robots market.
- Market Development: Detailed analysis of potential regions where the market has potential to grow.
- Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.
- Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.
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SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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