Surgical Robotics Market 2022 | Spain is expected to be the fastest growing country in the European market
PORTLAND, OREGON, UNITED STATE, August 21, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, Surgical Robots/Robotics Market By Component, and Surgery Type: Global Opportunity Analysis and Industry Forecast, 2017-2024,” the global surgical robots market growth was valued at $56.29 million in 2017, and is projected to reach $98.7 million by 2024, growing at a CAGR of 8.5% from 2017 to 2024. The orthopedic surgery dominated the market in terms of revenue and accounted for about one-fifth share of the global market in 2017.
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𝐆𝐞𝐭 𝐔𝐩 𝐓𝐨 𝟏𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭, 𝐓𝐢𝐥𝐥 𝐭𝐡𝐞 𝐃𝐚𝐭𝐞 𝟐𝟎𝐭𝐡 𝐨𝐟 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐.
Key Findings of the Surgical Robotics Market:
The gynecology surgery accounted for about one-sixth share of the global market in terms of revenue as well as volume in 2017.
The surgical systems segment by component accounted for one-third share of the global market in 2017 and is expected to grow at a CAGR of 11.3% during the forecast period.
The U.S. dominated the North American surgical robotics market in 2017 by surgery type and is projected to grow at a CAGR of 7.0% during the forecast period.
Spain is expected to be the fastest growing country in the European surgical robotics market by surgery type with a CAGR of 12.3% during 2018-2024.
India is expected to be the fastest growing country in the Asia-Pacific surgical robotics market by surgery type during the forecast period.
In terms of revenue, the accessories in component segment accounted for the highest market share in 2017, owing to rising adoption of surgical robotic systems across Tier-1 hospitals, recurrent sales of accessories for these systems and demand for highly efficient replaceable components. Surgical robotic systems services would emerge as the lucrative segment since it is mandatory for every surgical robotic systems buyer to maintain the systems performance. The services segment would exhibit the fastest growth rate, registering a CAGR of 15.7% during the forecast period.
Key Market Players
Smith & Nephew Plc. (Blue Belt Technologies, Inc.),
Auris Surgical Robotics, Inc. (Hansen Medical Inc.),
Intuitive Surgical, Inc.,
Stryker Corporation (MAKO Surgical Corp.),
THINK Surgical Inc.,
Zimmer Biomet Holdings Inc.
Surgical robotic system is a technologically advanced surgical solution, used mainly during complicated surgical procedures. The surgical robotic system includes surgeons console, surgical arms and monitoring systems & software. The surgical robotic system market is gaining prominence in the recent years owing to rapid technological advancements, increasing investments in research and development and its extensive application in critical surgeries such as cardiac, orthopedic and neurosurgery. Further, wide scope of applications in different surgeries, increasing demands for advanced medical facilities and rising incidence of diseases such as cancer and musculoskeletal ailments & injuries, majorly supplement the growth of surgical robotics market. On the contrary, high costs of surgical robotic procedures, lack of awareness and inadequate presence of expertise professionals are major factors impeding the market growth.
Key Market Segments
By Surgery Type
𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗣𝗿𝗼𝗰𝘂𝗿𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁? 𝗩𝗶𝘀𝗶𝘁 𝗛𝗲𝗿𝗲 https://www.alliedmarketresearch.com/purchase-enquiry/852
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Japan Surgical Robotics Market
South Korea Surgical Robotics Market
Singapore Surgical Robotics Market
China Surgical Robotics Market
Indonesia Surgical Robotics Market
Australia Surgical Robotics Market
Taiwan Surgical Robotics Market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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