Latest News:- Surgical Robots Market: General and laparoscopy surgery is expected to lead the Application segment during 2024-2028

Surgical Robots Market to grow at a CAGR of 27.17% during 2024-2028

The Surgical Robots Market is expected to grow at a CAGR of 27.17% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 14021.3 million. In the rapidly evolving healthcare landscape, developing countries are increasingly recognizing the potential of surgical robotics technology to address their unique challenges. With a growing focus on enhancing patient outcomes and delivering high-quality healthcare services, surgical robots are emerging as indispensable tools. In regions such as India and Brazil, where there is a significant shortage of specialized surgeons, these systems offer a viable solution. Equipped with simulation capabilities, surgical robots enable surgeons to hone their skills through controlled practice, thereby improving their expertise and delivering superior patient care. 

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The General and laparoscopy surgery subsegment is expected to dominate the Application segment during the forecast period 

Technavio analysts predict that the General and laparoscopy surgery subsegment will lead the Application segment during 2024 and 2028 The Surgical Robots Market represents a significant growth opportunity for businesses in the healthcare sector. These advanced technologies enable precision, flexibility, and minimally invasive procedures, resulting in improved patient outcomes and reduced recovery time. Market trends include increasing adoption in minimally invasive surgeries, growing geriatric population, and technological advancements. Key players include Intuitive Surgical, Medtronic, and Zimmer Biomet. Businesses should capitalize on this market's potential by investing in research and development and expanding their product offerings.

Here are the various ways based on which the market is segmented: 

• Application
  • General and laparoscopy surgery
  • Gynecological surgery
  • Orthopedic surgery
  • Neurosurgery
  • Urology and others
• End-user
  • Hospitals
  • Ambulatory service centers
• Geography
  • North America
  • Europe
  • Asia
  • Rest of World (ROW)

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There are several factors that are causing the market to flourish high adoption due to convenience

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Surgical Robots Market is witnessing significant growth due to the increasing demand for minimally invasive surgeries in adults suffering from various chronic diseases such as osteoarthritis, joint diseases, bone degenerative diseases including osteoporosis, and cancer. Surgical robots are increasingly being used for orthopedic surgeries, including knee replacement surgeries and hip replacement surgeries, as well as in cancer treatment, cardiac surgery, and cataract surgery. These robots use automated instruments and HD cameras to provide physicians and surgeons with enhanced precision and visualization, reducing the risk of surgical errors. The market for surgical robots is driven by the growing number of ambulatory surgery centers and outpatient surgeries, as well as Medicare's emphasis on cost-effective and efficient healthcare. The market for surgical robots is expected to grow significantly in the coming years, with a focus on instruments and accessories for use in soft tissue surgeries and bone surgeries.

Market Research Overview

The global life sciences tools and services market, a segment of the larger life science tools and services industry, encompasses companies and offerings involved in the research and development (R&D) of a diverse range of product categories. These include capital equipment, instruments, accessories, and consumables utilized in the development of pharmaceuticals, biotechnology products, and laboratory diagnostics for various diseases. Additionally, this market covers life sciences-related services such as contract research, contract manufacturing, and contract sales. According to Technavio's market analysis, the expansion of the global healthcare market is attributed to several key factors, including the increasing global population aging, leading to a larger demographic requiring healthcare solutions, and the subsequent growth in demand for advanced life sciences tools and services.

The Surgical Robots Market is experiencing significant growth, fueled by the high adoption due to convenience. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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