Surgical Robots Market is expected to reach USD 14.7 billion by 2024 from USD 5.2 billion in 2016, at a CAGR of 13.7% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
By Product (Robotic Systems, Instruments and Accessories, Service), Brands (da Vinci Surgical System, CyberKnife, Renaissance, Artas, Rosa and Others), Application (General Surgery, Urological, Gynaecological, Gastrointestinal, Radical Prostatectomy, Cardiothoracic Surgery, Colorectal Surgery, Radiotherapy and Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Some of the major factors driving the market for surgical robots market are increasing cases of acute and chronic diseases, and rising aging population. These factors increase the demand for surgical robotics instruments, systems, and accessories and services. Increasing prevalence of chronic diseases, high precision, better benefits to patients and surgeons, and technological advancements are other factors driving the growth of the surgical robots market.
RISING CASES OF CHRONIC DISEASES
In recent years, the prevalence of chronic diseases (such as cancer, cardiovascular diseases, and many others) across the globe has increased considerably over a period of time. The rapidly increasing aging population and the subsequent rise in chronic conditions are major factors driving the demand for surgical robots.
RISING AGING POPULATION
pool for chronic diseases. Older populations are more prone to diseases such as arthritis, cardiovascular diseases, gastrointestinal and other problems. Aging population is expected to drive the market for the surgical robots.
BETTER BENEFITS TO PATIENTS AND SURGEONS
The robots provides the surgeon with an increased level of dexterity and allow the surgeons to operate in small spaces inside the body that would otherwise require open surgery. More precise surgery, less loss of blood and risk of infection, and superior dexterity will drive the market for surgical robots.
TECHNOLOGICAL ADVANCEMENTS AND INNOVATIONS IN SURGICAL ROBOTS MARKET
The Global Surgical Robots Market is expected to show significant growth in the coming years, due to various technological advancements and new product launches in order to improve the convenience and ease of surgery.
Some of the major players operating in Surgical Robots Market are:
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North America Surgical Robots Market – Industry Trends - Forecast to 2026
Europe Surgical Robots Market – Industry Trends - Forecast to 2026
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Global Surgical Robots Market is Expected to Grow at CAGR 13.7% From 2017 to 2024
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
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