The main objective of this report is to define, describe, and forecast the global “Surgical Robotics” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to report the global surgical robotics market is expected to grow at a CAGR of 9.5% over the forecast period of 2017 – 2023.
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Global Surgical Robotics Market: North America has amassed the growth in Surgical Robotics Market
The global Surgical Robotics market has been dominated by the North America region over the historic period 2015-16 followed by Europe.
Presence of highly automated industries, increasing adoption of surgical robotic systems and well developed healthcare infrastructure coupled with skilled and trained surgeons are the prime factor responsible for the growth of Surgical Robotics market in this region.
Rising awareness related to computer assisted surgeries, increasing automation across healthcare facilities and increasing population with cost advantage are anticipated to boost the market for Surgical Robotics.
Robot assisted laparoscopy to boost the growth in Surgical Robotics Market
Increasing Robot assisted laparoscopy is one of the recent trends in the global Surgical Robotics market. Moreover, this trend is further anticipated to drive the global Surgical Robotics market over the forecast period.
Increasing adoption of robot-assisted laparoscopy is responsible owing to factors as this procedures reduces the duration of hospital stay as well as reduces the risk of hospital acquired infections, precision and quality of treatment.
Growing demand for automation
Growing demand for automation in healthcare industry is the key factor responsible for the growth of global Surgical Robotics market.
Moreover, the rise in demand for automation in hospitals is responsible owing to benefits associated such as faster recovery, high accuracy and improved clinical outcome.
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Leading vendors in the market are concentrating on developing affordable, easy to install and compact products which is anticipated to bring more opportunities and chances of growth.
The leading companies identified in the market as Hansen Medical Inc., Zimmer Holdings, Inc., Medtech S.A., Mazor Robotics , Stanmore Implants Worldwide Ltd, Blue Belt Technologies, Inc., THINK Surgical, Inc., Renishaw plc, MAKO Surgical Corp., and Intuitive Surgical, Inc.