Surgical Robots Market is forecasted to grow at 14.1% with factors such as slow regulatory procedures and expensive installation stalling the growth of the market in emerging economies
Surgical Robots market has shown an exceptional penetration in developed economies such as U.S., European Union and Japan. Although minimally invasive surgeries have shown a tremendous performance in the emerging nations still robotic surgeries have not created any head turning penetration in these regions.
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According to Data Bridge Market Research the market for surgical robots the market in developing regions is ready for adoption of robotic procedures and is growing at exceptional rates in the U.S. According to Intuitive Surgical Inc. latest earning report the market leaders in surgical robots expect a 17% to 18% growth in the 2019 procedure volumes for their Da Vinci portfolio. The growth is majorly expected in general surgery and TORS procedures among others. The number of systems placed grew by 35% in 2018 with almost 61% coming from U.S. alone. While the installed base growth was a magic 13% in 2018 figures. In the month of September the Da Vinci Installed base crossed over 5000 systems globally with US alone having more than 3400 systems.
Now the question is which are the other regions intuitive is targeting? Data Bridge Market Research has forecasted a large growth in Japanese surgical robots market and the market leaders targeting China, India and Taiwan to be their next revenue pockets for 2020.
The surgical robots market is becoming more competitive every year with companies like Smith and Nephew and Medtronic entering the market space in 2019. The Data bridge market research new reports highlight the major growth factors and opportunities in the surgical robots market.
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The ROSA ONE Spine System by Stryker received FDA approval in March 2019
Medtronic reveled its Mazor X Stealth(TM) edition for its robotic assisted spine surgery segment
Intuitive Surgical market their intentions in China with a joint venture with Fosun Pharma in Q1 2019
The Global Surgical Robots Market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Rest of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Israel, Switzerland, Rest of Europe, China, Japan, India, Australia, Singapore Thailand, Malaysia, Taiwan, Indonesia, Philippines, Rest of Asia Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa Rest of middle East and Africa (MEA).
All country based analysis of the surgical robots market is further analysed based on maximum granularity into further segmentation. On the basis of product type the market is segmented into instruments, robotic systems, accessories and services. Based on brands the market is segmented into Da Vinci Surgical Systems, Cyberknife, Renaissance, Artas, Rosa among others. The applications covered for the report are general surgery, urology, gynaecology, gastrointestinal, radical prostatectomy, cardiothoracic surgery, colorectal surgery, radiotherapy among others.
Robotic surgery is performed by surgeons with the help of robotic technology. Robotically assisted surgery was developed to overcome the weaknesses of the traditional methods of surgery. This technique is also known as computer assisted surgery or robot assisted surgery. With the increasing geriatric population, rising prevalence of chronic diseases such as cardiovascular diseases, high precision and better benefits to the patient’s global surgical robots market is witnessing a rapid growth.
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Key Pointers Covered in the Surgical Robots Market Industry Trends and Forecast to 2027
Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of surgical robots companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-surgical-robots-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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Global Surgical Robots Market is Expected to Grow at CAGR 13.7% From 2017 to 2024
Global Surgical Robots Market is Growing at a Significant Rate in the Forecast Period 2017-2024
Global Surgical Robots Market is Growing at a Significant Rate in the Forecast Period 2018-2025
Rising Ageing Population and Rising Cases of Acute and Chronic Diseases are Expected to Drive the Global Surgical Robots Market in the forecast period of 2019-2026