NEW YORK, Dec. 10, 2018 /PRNewswire/ -- The surgical
robots market is projected to grow at a CAGR of 10.4% during the
forecast period.
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The global surgical robots market is projected to reach 6.5 billion
by 2023 from USD 3.9 billion in 2018
at a CAGR of 10.4%. Growth in the surgical robots market can be
attributed to factors such as technological advancements, increased
funding from the government for surgical robots' research and
development, growing application areas to varied surgical
specialties, and rise in the adoption of surgical robots by
hospitals and ambulatory surgical centers. However, high cost of
instruments, and shortage of trained professionals may prove to be
restraints for the market.
The instruments & accessories segment is expected to hold
the largest market share during the forecast period.
On the basis of component, the surgical robots market has been
segmented into systems, instruments & accessories and
services.The instruments & accessories segment is expected to
hold the largest market share during the forecast period.
The recurring demand for instruments & accessories owing to
their disposable nature are driving growth in this market segment.
Moreover, the increasing adoption of surgical robots on account of
the various advantages that these systems offer is further fueling
market growth.
The general surgery segment is expected to grow at the highest
rate during the forecast period.
On the basis of applications, the surgical robots market is
segmented into gynecological surgery, urological surgery,
neurosurgery, orthopedic surgery, general surgery, and other
applications.The general surgery segment is expected to grow at the
highest rate during the forecast period.
The large share and high growth of this segment can be attributed
to factors such as high growth and increased use of surgical robots
in general procedures.
Adoption of surgical robots in the Asia
Pacific region is expected to offer growth opportunities in
the region.
Geographically, the surgical robots market is segmented into
North America, Europe, Asia
Pacific (APAC), and the Rest of the World.The Asia Pacific market is expected to grow at the
highest rate during the forecast period.
The high growth in this region can be attributed to increasing
installed base of surgical robots and collaborations of the
government with regional universities for extensive R&D and
government efforts towards catering advanced healthcare
services.
Breakdown of supply-side primary interviews:
• By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
• By Designation: C-level – 35%, Director-level – 25%, and Others –
40%
• By Region: North America - 20%,
Europe – 25%, APAC – 40%, and RoW
– 15%
The major players in the market include Intuitive Surgical (US),
Stryker (US), Mazor Robotics (US), Smith & Nephew (UK), Hansen
Medical (US), Medrobotics (US), TransEnterix (US), Medtech
(France), Renishaw (UK), and THINK
Surgical (US).
Research Coverage
This report studies the surgical robots market based on component,
application, end user, and region.The report also studies factors
(such as drivers, restraints, opportunities, and challenges)
affecting market growth.
It analyzes the opportunities and challenges in the market and
provides details of the competitive landscape for market leaders.
Furthermore, the report analyzes micromarkets with respect to their
individual growth trends and forecasts the revenue of the market
segments with respect to four main regions and respective
countries.
Key Benefits of Buying the Report
This report focuses on various levels of analysis—industry trends,
market share of top players, and company profiles, which together
form basic views and analyze the competitive landscape, emerging
segments of the surgical robots market, and high-growth regions and
their drivers, restraints, challenges, and opportunities. The
report will help both established firms as well as new
entrants/smaller firms to gauge the pulse of the market and garner
greater market shares.
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