Surgical Robots Market growth Precision, Flexibility And Control To Surgeries
Surgical Robots Global Market – Overview
The global market of Surgical Robots is booming and expected to gain prominence over the forecast period. The global Surgical Robots market is estimated to expand enormously with a whooping double digit CAGR of 22.75 % between 2017 and 2023.
Increasing automation in healthcare sector and increasing demand for the minimally-invasive surgeries and more advances robotics has led to growth of this market across the globe. Beside this increasing incident of cancer, different neurological disorders and many more diseases has provided fuel for the growth of the market
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Surgical Robots Global Market – Competitive Analysis
Surgical Robots market appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets.
Characterized by the presence of well-established players; Medtronic, Intuitive Surgical, Inc., Johnson & Johnson, Stryker Corporation, Google Life Sciences, TransEnterix, Hansen Medical, and Mazor Robotics.
Surgical Robots Global Market – Segments
The Surgical Robots Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Control Mechanism : Comprises Direct Telemanipulator and Computer Control.
Segmentation By Robotic Surgery Approach : Comprises Supervisor-Controlled Robotic Surgical System, Shared Control Robotic Surgical Systems, Telesurgery Systems, Robotic Radiosurgery Systems.
Segmentation By Application : Comprises General Surgery, Cardiac Surgery, Gynecologic Surgery, Colorectal Surgery, Urologic Surgery, Head and Neck Surgery and other.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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Surgical Robots Global Market – Regional Analysis
The global surgical robots market is regionally segmented into Asia Pacific, Europe, America, and the Middle East & Africa regions.
The Americas hold a dominant position in the global market for surgical robots in the healthcare sector. The high percentage of growth in this region can be particularly attributed to various factors, namely strategic collaboration with assurance entities, growing financial capability of hospitals for investing in these advancing systems, general level of awareness concerning computer-assisted surgeries, and growing acceptance among patients for the usage of surgical robots due to enhanced healthcare results or outcomes.
The European region holds the second largest share of the global market for surgical robots following the Americas. The market here is expected to grow at a continuous pace in the forthcoming years due to various factors. This includes the booming demand for minimally invasive forms of surgeries or unmanned and miniature robotics usage for surgeries and the imperative need and focus on automation as an important component in the healthcare sector.
Meanwhile, the Asia Pacific regions comes-in third in the global standings due to its relatively slow growth rate thus far. The factor majorly influencing its slow growth period thus far is the snail-paced adoption and implementation of surgical robots in the healthcare industry. However, a major shift has been observed and forecasted, wherein the proliferation of the healthcare industry is shifting from regions such as Americas and Europe to Asia Pacific.
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