Global Surgical Robots Market is anticipated to grow at a 10.0% CAGR from 2019 to 2030

Market Industry Reports (MIR) has published a new report titled “Surgical Robots Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global surgical robots market is estimated to be over US$ 9.0 Bn in 2017. It is anticipated to grow at a CAGR of 10.0% from 2019 to 2030.

The continual growth of the surgical robots market can be attributed to several factors which have led to wide scale adoption of minimally-invasive surgical procedures coupled with benefits associated with robotic surgeries. Moreover, the growing demand for robotic surgeries across the globe is anticipated to further contribute to the substantial growth of the global surgical robots market between 2019 and 2030.

Benefits of Robotic Surgery

The various benefits associated with surgical robots have been critical in promoting the continual adoption of robotic surgical procedures as compared to its traditional counterparts. Advantages of surgical robots, namely, significant visualization, high precision, enhanced dexterity have led to enhanced adoption of robotic surgical. Increasing patient awareness coupled with use of advanced technology in the field of robotics is anticipated to further promote the growth of surgical robots market in the coming times.

Increasing Adoption of Minimally-Invasive Procedures

Since the advent of minimally-invasive procedures, the adoption of such procedures have witnessed substantial growth in recent times. Shorter hospital admittance time, lesser procedure associated pain and fewer complications have been pivotal in contributing to the growing adoption of minimally-invasive procedures. In 2017, it was estimated that majority of robot-aided surgical procedures performed in the U.S. accounted for minimally invasive surgeries. Growing preference for minimally-invasive surgical procedures in anticipated to further propel the growth of the surgical robots market.

Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report,  Surgical Robots Market by Component (Instruments & Accessories, Robotic Systems, Services), Application (General Surgery, Orthopedic Surgery, Neurosurgery, Gynecological Surgery, Urological Surgery), End Users (Hospitals, Ambulatory Surgical Centers) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:

High Cost of Robotic Procedures to Restrain the Market

Although robotic surgeries ensure reduced hospitalization time, better efficiency of procedures and several other benefits, but cost of these procedures somewhat limits its adoption. Robotic surgeries as compared to its conventional surgeries are expensive, owing to high cost of robotic devices, high maintenance charges, which directly contributes to the increased procedure costs of robotic surgeries.

Rapid Growth of the Asia Pacific Market

Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, rising disposable income and increasing awareness regarding robotic surgical procedures and penetration of latest technologies is anticipated to present a lucrative growth scenario for the surgical robots market in this region. Furthermore, supportive government healthcare regulations and norms are expected to present an attractive growth prospect for the market in the coming years.

Major Players in the Surgical Robots Market

The prominent players in the global surgical robots market are Intuitive Surgical, Mazor Robotics, Zimmer Biomet (Medtech), Auris Health, Inc. (Hansen Medical), TransEnterix Surgical, Inc., Stryker, Smith & Nephew, Renishaw plc, Medrobotics and THINK Surgical, Inc.

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