by The global surgical robots market is estimated to be valued at USD 5,721.6 Mn in 2022 and is expected to exhibit a CAGR of 13.4% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
- A) Market Overview:
The Surgical Robots Market offers advanced robotics systems that assist surgeons in performing complex surgeries with precision and ease. These robots provide various advantages such as enhanced visualization, improved dexterity, reduced invasiveness, shorter hospital stays, and faster recovery for patients. The need for surgical robots is driven by the increasing demand for minimally invasive procedures and technological advancements in the healthcare industry.
- B) Market Key Trends:
One key trend in the surgical robots market is the increasing adoption of robotic surgery techniques. Robotic surgery has gained popularity as it facilitates minimally invasive procedures, resulting in smaller incisions, reduced blood loss, shorter hospital stays, and faster recovery times for patients. It also provides surgeons with enhanced visualization and precise control during complex surgeries. For example, Intuitive Surgical’s da Vinci Surgical System is widely used for urologic, gynecologic, and general surgeries.
- C) PEST Analysis:
– Political: Governments are focusing on promoting the use of robotic surgery to improve healthcare outcomes and reduce healthcare costs. For instance, the U.S. FDA has approved the use of surgical robots for various procedures.
– Economic: The cost-effectiveness of robotic surgeries is driving their adoption, as they can reduce post-operative complications and hospital stay duration, leading to cost savings.
– Social: Patients are increasingly opting for minimally invasive robotic surgeries due to their benefits such as reduced scarring, faster recovery, and improved outcomes.
– Technological: Advancements in robotic technology, such as artificial intelligence and machine learning algorithms, are enhancing the capabilities of surgical robots and enabling autonomous surgeries.
- D) Key Takeaways:
– The global surgical robots market is expected to witness high growth, exhibiting a CAGR of 13.4% over the forecast period, due to increasing adoption of robotic surgery techniques.
– North America is anticipated to be the fastest-growing and dominating region in the surgical robots market, driven by advanced healthcare infrastructure, high adoption rates, and presence of key market players.
– Key players operating in the global surgical robots market include Intuitive Surgical, Think Surgical, Asensus Surgical US, Inc., Zimmer Biomet, Stryker, Smith & Nephew, Novus Health Products, and Medtronic. These companies are focusing on technological advancements and strategic partnerships to expand their market share and strengthen their product portfolios.
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