Surgical Robots Market
Surgical Robots Market to Reach $25.47 Billion by 2030
[London, United Kingdom] – [1st June 2023] – The global surgical robots market is projected to reach $25.47 billion by 2030, according to a new report by Meticulous Research. The market is expected to grow at a CAGR of 15.4% from 2023 to 2030.
The growth of the surgical robots market is being driven by the increasing demand for minimally invasive surgeries, the rising prevalence of chronic diseases, and the growing adoption of robotic-assisted surgery systems by hospitals and surgeons.
Minimally invasive surgeries are preferred over traditional open surgeries due to their shorter recovery time, lower risk of infection, and better cosmetic outcomes. The rising prevalence of chronic diseases such as cancer, cardiovascular disease, and diabetes is also driving the demand for surgical robots. These diseases often require complex surgeries that can be performed more precisely and safely with the help of robotic-assisted surgery systems.
Hospitals and surgeons are increasingly adopting robotic-assisted surgery systems due to their numerous benefits, such as improved precision, accuracy, and flexibility. These systems also offer surgeons a better view of the surgical site and allow them to perform complex surgeries with less tremor and fatigue.
The surgical robots market is segmented by product & service, application, end user, and region. By product & service, the market is segmented into surgical instruments & accessories, robotic systems, and services. By application, the market is segmented into orthopedic, obstetrics &gynecological, cardiovascular & thoracic, urological, and general surgery. By end user, the market is segmented into hospitals and ambulatory surgery centers.
North America is the largest market for surgical robots, followed by Europe and Asia Pacific. The high adoption of robotic-assisted surgery systems in the United States is the major factor driving the growth of the market in North America.
The surgical robots market is highly competitive, with a number of major players operating in the market. Some of the key players in the market include Intuitive Surgical, Medtronic, Stryker, Johnson & Johnson, and Smith & Nephew.
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