Surgical Robotic System Market Overview 2027| Key Development, Qualitative Insights on Application

Posted by Sanyukta K on July 20th, 2022

Surgical robotic systems reduce postoperative complications and lower labor costs. Due to this, a large number of hospitals based in developed and developing economies are now favoring automated surgery/hospital services, which ultimately boosts the market growth. The growing need for automation in the healthcare sector and increasing demand for minimally invasive surgery are the major factors driving the surgical robotic systems and procedures market. Additionally, an increase in the incidence of colorectal cancer, neurological disorders, gynecological diseases, adoption of robotic surgical systems is expected.

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The global surgical robotics system market is segmented into components, applications, and regions. On the basis of components, the market is segmented into systems, devices, and services. On the basis of application, it is segmented into gynecology surgery, urology surgery, neurosurgery, orthopedic surgery, general surgery and others. By region, the market is analyzed in North America, Europe, Asia-Pacific and LAMEA.

Asia-Pacific would emerge as the leading region during the forecast period by registering a CAGR of 14.4%. This is mainly attributed to the impending need for sophisticated healthcare facilities and rising incidence of gynecological diseases and others.

A surgical robotic system is a combination of devices, equipment, software, and services that help perform many minimally invasive surgeries including gynecology, cardiology, neurological, orthopedic, and others. Robotic systems allow surgeons to automate surgical procedures, improve efficiency and accuracy during procedures, and reduce postoperative complications. Robotic surgery is a minimally invasive form of surgery that uses robotics to perform surgery. Such robotic systems are operated by surgeons and are composed of microsurgical instruments placed on robotic arms, allowing surgeons to perform operations with precision.

The Covid-19 outbreak is expected to have a positive impact on the global surgical robotic system market during the forecast period. In many hospitals around the world, non-emergency surgeries were suspended as hospitals turned into Covid centers. The Covid-19 epidemic, which started from the Chinese city of Wuhan, has taken the world by storm. The pandemic has dampened growth in many economies across sectors. The Covid-19 pandemic has strained healthcare systems around the world, with many hospitals and trauma center services no longer open to the public due to security measures imposed by governments. Since Covid-19 has brought elective surgeries to a virtual halt, robotic-assisted surgeries are beneficial for critically ill patients, as they offer advantages over open surgery and often over traditional laparoscopic surgeries. The Covid-19 pandemic has given a boost to robotic-assisted surgeries, and several systems have been installed in developing countries in the past few months.

Key Benefits:

  • In-depth analysis of the global surgical robotic systems market along with the current trends and future estimations to elucidate the imminent investment pockets.
  • A comprehensive analysis of the factors that drive and restrict the surgical robotic systems market growth is provided in the report.
  • The surgical robotic systems market forecast is studied from 2020 to 2027.
  • Comprehensive quantitative analysis of the industry from 2019 to 2027 is provided to enable the stakeholders to capitalize on the prevailing surgical robotic systems market opportunities.
  • Extensive analysis of the key segments of the surgical robotic systems industry helps to understand the application and products of surgical robotics that are used across the globe.
  • Key market players and their strategies have been analyzed to understand the competitive outlook of the surgical robotic systems market.

Key Market Players

  • Johnson & Johnson
  • Medtronic Plc.
  • Siemens AG (Siemens Healthineers)
  • Smith & Nephew
  • Stryker Corporation
  • Titan Medical Inc.
  • Transenterix, Inc.
  • Zimmer Biomet Holdings, Inc.

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Sanyukta K

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Sanyukta K
Joined: July 13th, 2022
Articles Posted: 49

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