Surgical Robots Market Revenue to outshine USD 13.3 BN By 2027

Posted On February 10, 2021     

The Global Surgical Robots Market revenue is anticipated to grow to around USD 13.3 BN by 2027 with a CAGR of 20% during the year 2020-2027 as per the report published by Value Market Research. Automation is influencing every sector, and healthcare is no exception. Advancing technologies and the need for greater automation across healthcare industry drive the demand for the surgical robots. Hospitals have rapidly adopted robotic surgery in the United States and Europe to treat a wide range of conditions. This is because surgical robot makes minimally invasive surgery possible, causes fewer complications, less pain and blood loss, quicker recovery, and smaller, less noticeable scars. Asia Pacific, Latin America, and the Middle East, and Africa are the untapped market. Growing strides of funding, technology adoption, and specialized surgeons are anticipated to bring lucrative opportunities in the coming years. However, the system's high capital cost, combined with a lack of funding, hampers the market's growth.

Surgical robots or robot-assisted surgery are surgical procedures that are done using robotic systems. Robotic surgery is carried out using a unique set of technologies, including specialized arms that hold instruments, a camera and a magnified screen, and a console. The technique was developed to overcome the limitations of pre-existing minimally-invasive surgical procedures and enhance surgeons' capabilities performing open surgery. A surgical robot permits specialists to perform numerous complex methods with more accuracy, adaptability, and control than is conceivable with conventional techniques.

The elaborate study "Global Surgical Robots Market Report By Application (Orthopedics, Neurology, Urology, Gynecology, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of application the market is segmented into Orthopedics, Neurology, Urology, Gynecology, Others. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.

The Report Segments Global Surgical Robots Market -
By Application

  • Orthopedics
  • Neurology
  • Urology
  • Gynecology
  • Others

By Region

  • North America
  • Europe
  • the Asia Pacific
  • Latin America
  • The Middle East and Africa

Players Profiled In the Report:
Intuitive Surgical, Medtronic, Stryker Corporation, Smith & Nephew, Transenterix, Inc., Zimmer Biomet, Renishaw, Corindus Vascular Robotics, Think SurgicalOthers, Auris Health, Inc.

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