(MENAFN- EIN Presswire)
Surgical Robotic Systems Market
Increase in need for automation in the healthcare industry and demand for advanced robotic minimally invasive surgeries drive the growth of market
surgical robotic system market has gained prominence in the recent years owing to rapid technological advancements, increase in investments in R & D and its extensive application” — Allied Market ResearchPORTLAND, OR, UNITED STATES, October 7, 2021 /EINPresswire.com / -- Increase in need for automation in the healthcare industry, demand for advanced robotic minimally invasive surgeries, and reduction in hospital stays drive the growth of the global surgical robotic systems market. However, high costs of the systems and lack of awareness among people from emerging countries hinder the market growth. On the other hand, surge in usage in various applications and increase in research and development activities create new opportunities in the coming years.
"Surgical Robotic Systems Market by Component (Systems, Accessories and Services), and Surgery Type (Gynecology Surgery, Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery and Other Surgeries): Global Opportunity Analysis and Industry Forecast, 2019-2027." According to the report, the global surgical robotic systems market size garnered $5.34 billion in 2019, and is estimated to reach $15.01 billion by 2027, witnessing a CAGR of 13.7% from 2020 to 2027.
Explore Report Description@
COVID-19 Scenario:-
- Manufacturing and research & development activities have been disrupted due to lockdown measures imposed by governments. Moreover, investments have been locked by investors due to occurrence of economic turbulence.
- Many hospitals and trauma centers have been closed temporarily due to safety measures imposed by governments. Only emergency surgeries have been carried out. So, demand for new surgical robotic systems has declined.
- The accessories & instrument segment to maintain its lead position during the forecast period
Based on component, the accessories & instrument segment accounted for the largest share in 2019, holding for more than half of the global surgical robotic systems market, and is expected to maintain its lead position during the forecast period. This is due to the short lifespan of instruments and stringent procedure guidelines, due to which, there is a need for re-purchasing of accessories and instruments. However, the services segment is estimated to portray the highest CAGR of 14.6% from 2020 to 2027, owing to efficient and timely services provided by the companies.
The gynecology surgery segment to maintain its dominant share during the forecast period
Based on surgery type, the gynecology surgery segment accounted for more than one-fourth of the global surgical robotic systems market in 2019, and is projected to maintain its dominant share during the forecast period. This is attributed to prevalence of gynecological conditions, increase in demand for robotics, advent of minimally invasive surgical procedures, and improved efficiency in procedures. However, the orthopedic surgery segment is estimated to grow at the highest CAGR of 14.5% from 2020 to 2027. This is due to increase in knee and hip replacement surgeries by the geriatric population and development of new biological substitutes.
North America to maintain its leadership status by 2027
Based on region, North America held the highest market share of more than half of the global surgical robotic systems market in 2019, and is estimated to maintain its leadership status by 2027. This is due to need for automation in the healthcare industry along with development of simplistic surgical solutions. However, Asia-Pacific is expected to portray the highest CAGR of 14.4% from 2020 to 2027, owing to increase in incidence of chronic diseases, large pool of aging population, and improved healthcare infrastructure.
For Purchase Enquiry@
Leading market players:-
Some of the key players operating in the surgical robotic 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.
venue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Request for 14 days free trial:
“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
Trending Reports in Healthcare Industry:
Dental Carpule Market Global Research By 2030
Desmoid Tumor Market Global Research By 2030
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in t
David Correa
Allied Analytics LLP
+1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
David Correa
Allied Analytics LLP
+1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
David Correa
Allied Analytics LLP
+1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
MENAFN07102021003118003196ID1102935708
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.