DUBLIN--(BUSINESS WIRE)--The "Surgical Robots Market by Product & Service (Instruments & Accessories, Systems, Service), Application (Urological Surgery, Gynecological Surgery, Orthopedic Surgery), End User (Hospitals, Ambulatory Surgery Centers) - Global Forecasts to 2025" report has been added to ResearchAndMarkets.com's offering.
The global surgical robots market is projected to reach 11.8 billion by 2025 from USD 6.7 billion in 2020 at a CAGR of 12.1%.
Growth in the surgical robots market can be attributed to factors such as technological advancements, advantages of robotic-assisted surgery, increasing adoption of surgical robots & increased funding for medical robot research. However, the high cost of robotic instruments and shortage of trained professionals may prove to be restraints for the market.
The instruments & accessories segment is expected to hold the largest market share during the forecast period.
Based on components, the surgical robots market has been segmented into systems, instruments & accessories and services. The instruments & accessories segment is expected to hold the largest market share during the forecast period. The recurring demand for instruments & accessories owing to their disposable nature is driving growth in this market segment.
The general surgery segment is expected to grow at the highest rate during the forecast period.
Based on applications, the surgical robots market is segmented into gynecological surgery, urological surgery, neurosurgery, orthopedic surgery, general surgery, and other applications. The general surgery segment is expected to grow at the highest rate during the forecast period. The large share and high growth of this segment can be attributed to factors such as high growth and increased use of surgical robots in general procedures.
The hospitals segment is expected to hold the largest share during the forecast period.
Based on end-user, the surgical robots market is segmented into hospitals and ambulatory surgical centers. The hospitals segment is expected to grow at the highest rate during the forecast period. The large share and high growth of this segment can be attributed to factors such as increased adoption of surgical robots by the hospitals.
The Asia Pacific surgical robots market is expected to grow at the highest rate during the forecast period.
Geographically, the surgical robots market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The Asia Pacific market is expected to grow at the highest rate during the forecast period. The high growth in this region can be attributed to increasing demand from key markets such as Japan and China and the large patient population in India, collaborations of the government with regional universities for extensive R&D, and government efforts towards catering advanced healthcare services.
Market Dynamics
Drivers
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Advantages of Robotic-Assisted Surgery
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Technological Advancements
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Increasing Adoption of Surgical Robots
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Increase in Funding for Medical Robot Research
Restraints
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High Cost of Robotic Systems
Opportunities
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Increasing Penetration of Surgical Robots in ASCS
- Emerging Markets
Companies Profiled
- Intuitive Surgical
- Stryker Corporation
- Medtronic
- Smith & Nephew
- Zimmer Biomet
- Transenterix, Inc.
- Corindus Vascular Robotics
- Renishaw
- Auris Health, Inc.
- Medrobotics Corporation
- Think Surgical
- CMR Surgical
- Verb Surgical
- Omnilife Science, Inc.
- Preceyes BV
- China National Scientific Instruments and Materials Corporation (Csimc)
- Microsure
- Titan Medical Inc.
- Avatera Medical GmbH
- Medicaroid Corporation
For more information about this report visit https://www.researchandmarkets.com/r/b80xp5
