The global demand for Robotic Surgical Procedures Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
In robotic surgical procedures, the surgeon performs various types of complex procedures with the help of miniature instruments placed on a robotic arm, and the surgeon keeps control of the robotic arm with a computer. Besides mechanical arms, the system also includes a camera. This minimally invasive procedure allows the surgeon to operate with greater precision, control and flexibility as compared to conventional techniques. Robotic surgical devices can access even those anatomical areas that cannot be easily reached by doctors. It has brought automation in the healthcare domain and has also enhanced surgeon's performance. This method is increasingly being used in gynecological surgeries.
Market Dynamics
The growing need for automation in the healthcare sector and the adoption of robotic surgeries are key drivers for robotic surgery market growth. The growing popularity of surgical robots among patients due to shorter hospital stays, approvals by regulatory authorities like the FDA, rise in geriatric population, and an increasing number of people suffering from chronic disease and cancer are other major factors that propel the demand for robotic procedures. Furthermore, supportive reimbursement policies and increasing research & development activities will contribute to its market growth. However, the high cost of robotic surgical procedures and the surgical system, rising incidence of death, and injuries related to robotic surgery will hamper the growth of the robotic surgical procedure market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of robotic surgical procedures. The growth and trends of robotic surgical procedures industry provide a holistic approach to this study.
Market Segmentation
This section of the robotic surgical procedures market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Gynecology
- Urology
- General Surgery
- Orthopedics
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Robotic Surgical Procedures market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Robotic Surgical Procedures Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the robotic surgical procedures market include Medtronic, Accuray Incorporated, Intuitive Surgical, Inc., Stryker Corporation, sVerb Surgical Inc., Zimmer Biomet, Smith & Nephew, CMR Surgical Ltd., Avatera Medical GmbH. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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