Surgical Robots Market Development History, Current Analysis and Estimated Forecast to 2025
Category: #headline  By Ronak Bora  Date: 2021-03-17
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Surgical Robots Market Development History, Current Analysis and Estimated Forecast to 2025

Surgical robots market is poised to gain massive momentum over the projected timeframe of 2019 to 2025. This can be credited to accelerating demand for surgical robots due to increasing preference for minimally invasive surgical procedures across several developing as well as developed countries. Moreover, advantages of using surgical robot such as shorter duration of hospital stay, minimum post-care discomfort and lesser need for blood transfusions will significantly contribute to industry growth.

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Additionally, rising technological advancements will provide ample growth opportunities for surgical robots market. Robot assisted surgeries are gaining wide popularity due to higher level of precision along with enhanced visualization and lesser risk of surgical site infections. For instance, highly flexible ROSA spine surgery robot proficiently facilitates implantation of electrodes and deep brain stimulation during functional procedures such as biopsies, cerebral cortex, etc.

Orthopedic surgery segment had secured a significant revenue share of 13% in 2018 and is expected to observe immense growth over foreseeable future owing to extensive application of surgical robots for orthopedic procedures. Reportedly, several advanced surgical robots have been successfully utilized for complete hip replacement during orthopedic procedures. These robots also provide accurate implant positioning which minimizes the risk of errors.

Surgical robot producers are incorporating several marketing strategies like mergers, collaborations, and product launches to expand their sales and product portfolio. For instance, Mazor Robotics launched the Mazor X, a robotic surgery system in February 2019. This surgical robot is implemented with the latest technology rendering a long-term competitive potential to the organization. Furthermore, the ongoing COVID-19 pandemic could have also influenced the need for innovations in surgical robotics.

Major industry players operating in surgical robots market such as Mazor Robotics, MedTech,  Hansen Medical, THINK Surgical, Smith & Nephew, Medrobotics, Stryker, Renishaw and Intuitive Surgical are focused on implementing business strategies as new product launch, mergers and acquisitions in order to gain a competitive advantage in the market.

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Partial Chapter of the Table of Content

Chapter 5. Surgical Robots Market, By Application

5.1. Key segment trends

5.2. Orthopedic Surgery

5.2.1. Market size, by region, 2014-2025 (USD Million)

5.3. Neurosurgery

5.3.1. Market size, by region, 2014-2025 (USD Million)

5.4. General surgery

5.4.1. Market size, by region, 2014-2025 (USD Million)

5.5. Gynecology surgery

5.5.1. Market size, by region, 2014-2025 (USD Million)

5.6. Urologic surgery

5.6.1. Market size, by region, 2014-2025 (USD Million)

5.7. Others

5.7.1. Market size, by region, 2014-2025 (USD Million)

Chapter 6. Surgical Robots Market, By End-user

6.1. Key segment trends

6.2. Hospitals

6.2.1. Market size, by region, 2014-2025 (USD Million)

6.3. Ambulatory Surgical Centers

6.3.1. Surgical Robots Market size, by region, 2014-2025 (USD Million)

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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