Surgical Robots Market Scenario
Advantages offered by surgical robots, technological advancements and increase in funding for surgical robot research are some of the major factors propelling the surgical robots market globally. Furthermore, increasing adoption of minimal invasive surgeries among patients owing to its added benefits such as need for shorter hospital stays by patients, compared to traditional surgery is also one of the factor propelling the growth of surgical robots market. However, high cost of robotic systems is one of the major factor expected to hamper the global growth of the market.
Surgical Robots Market Segmentation
The Surgical Robots market is segmented by component, application, end user and geography. The component studied in the surgical robots market are instruments & accessories, robotic systems and services. Various application studied in the surgical robots market are general surgery, gynaecological surgery, orthopaedic surgery, urological surgery, neurosurgery and other applications. Surgical robots are used in various end user such as hospitals and ambulatory surgical centers. Based on Geography, the surgical robots market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Surgical Robots Market by Geography
Geographically, the Surgical Robots market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the North America is anticipated to hold the major share of the global surgical robots market. Factors such as the development of advanced surgical robotic technology, increasing adoption of surgical robots, government initiatives, and the availability of funding are driving the growth of the market in North America.
Surgical Robots Market Key Players
Some of the major players operating in the global surgical robots market includes Intuitive Surgical, Stryker, Mazor Robotics, Smith & Nephew, Medtech (Acquired By Zimmer Biomet), Renishaw, Hansen Medical (A Wholly Owned Subsidiary of Auris Surgical Robotics), Medrobotics, Transenterix and Think Surgical (Subsidiary of Curexo Technology). Many companies in this market implement initiatives such as mergers and acquisitions, product developments, and geographic penetration to compete in the market.
Surgical Robots Market Report Key Benefits