According to the report, the global surgical robots market is likely to grow from USD 10.1 Billion in 2025 to USD 44.9 Billion in 2035 at a highest CAGR of 14.5% during the time period. The world market of surgical robots is growing at an alarming rate due to the growing use of minimally invasive surgeries, the development of robotic assisted technologies, and the elevated rates of chronic diseases that have to be treated surgically. As the World Health Organization recorded that non-communicable diseases are the leading causes of death worldwide with more than 70%, the demand of accurate and effective surgeries is increasing and that is why robotic systems are being adopted. The advantages of these technologies include the following: less blood loss, decreased length of stay, and faster patients recovery, which is why they are of special interest to healthcare providers and patients. More over, ongoing advancements in imaging, haptics, and AI-informed navigation are increasing the surgical accuracy and safety, expanding their use across neurosurgery, orthopedics, urology and gynecology. The market is also expanding further due to increasing healthcare spending in the emerging economies and the expansion of the hospitals investing in high-end surgical infrastructure. Besides, the increasing partnerships among technology companies and healthcare organizations are increasing innovation in the healthcare sector, making it more accessible and further expanding the global market in the long run.
“Key Driver, Restraint, and Growth Opportunity Shaping the Global Surgical Robots Market
The factor that is driving the global surgical robots market is the growing burden of aging populations worldwide which is heightening the need to have joint replacement, cardiac and spinal surgeries. The markets are also growing with the increasingly adopted robot-assisted systems to address the demand of increased accuracy in complicated procedures among elderly patients.
One of the limitations is high learning curve and training to enable surgeons to work with robotic systems. Access to limited skilled professionals in the developing world reduces the rate of adoption since hospitals are compelled to struggle to justify the high capital investment without sufficient expertise to take full advantage of the systems.
One significant opportunity is the increasing interconnection of 5G connectivity and the cloud-based environments with surgical robots allowing real-time remote operations and international cooperation. This innovation will help increase access to high-quality surgical services in underserved communities, which will provide opportunities to develop new directions in the developed and new healthcare markets.
Expansion of Global Surgical Robots Market
“Clinical Demand, Investment Momentum, and Technological Integration Fueling Expansion of the Global Surgical Robots Market”
Regional Analysis of Global Surgical Robots Market
Prominent players operating in the global surgical robots market are Auris Health (acquired by Johnson & Johnson), Avatera Medical, Blue Belt Technologies (acquired by Smith+Nephew), CMR Surgical, Corindus Vascular Robotics (acquired by Siemens Healthineers), Globus Medical, Hansen Medical, Intuitive Surgical, Johnson & Johnson (Verb Surgical), Mazor Robotics (now part of Medtronic), Medtronic, Renishaw plc, Smith+Nephew, Stryker Corporation, THINK Surgical, Titan Medical, TransEnterix (Asensus Surgical), Verb Surgical (JV of J&J and Verily), Zimmer Biomet, and Other Key Players.
The global surgical robots market has been segmented as follows:
Global Surgical Robots Market Analysis, by Robot Type
Global Surgical Robots Market Analysis, by Surgical Specialty
Global Surgical Robots Market Analysis, by Component
Global Surgical Robots Market Analysis, by Mode of Operation
Global Surgical Robots Market Analysis, by Purchase Model
Global Surgical Robots Market Analysis, by Application Scenario
Global Surgical Robots Market Analysis, by End User
Global Surgical Robots Market Analysis, by Region
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