Surgical robots market size was worth USD 3.60 billion in 2021, with a 19.3% CAGR. Robotic surgeries, medical devices, and federal device identifications drive market expansion. Robotic surgeries improve dexterity, eyesight, hand-eye coordination, and posture. These devices enable challenging procedures. Medical device innovation and healthcare industry cooperation may improve market revenue. Smith & Nephew announced its Real Intellectual Ability suite of supporting technology solutions in India on July 13, 2021, comprising its next-generation robotics platform, CORI Surgical System. Investing on user-friendly and affordable surgical roots and hospital infrastructure is growing surgical robot demand. Neocis, a dental implant surgical robot maker, raised USD 40 Billion from California-based Intuitive Ventures on October 28, 2022. Yomi, the FDA-approved company's first surgical instrument, helps dentists plan and perform implant surgery. Robots that lessen discomfort, incisions, and healing time are popular.
Some of the key factors driving the growth of the global Surgical Robots market include expanding R&D efforts to develop novel Surgical Robots products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Surgical Robots
The COVID-19 pandemic had a significant negative influence on the market for Surgical Robots in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Surgical Robots were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Surgical Robots in 2020. Additionally, demand for Surgical Robots decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Surgical Robots market : Competitive Landscape
The prominent players operating in the Surgical Robots market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Surgical Robots market .
Some of the prominent players operating in the market are:
Intuitive Surgical., Sysmex Europe SE, Medtronic, Smith & Nephew, Zimmer Biomet, Ambi Robotics Inc., Stryker, Diligent Robotics Inc., Hansen Medical, CMR Surgical Ltd.
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Surgical Robots market ?
What are the key factors driving the Global Surgical Robots market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Surgical Robots market ?
Who are the distributors, traders, and dealers of Surgical Robots market ?
What are the Surgical Robots market opportunities and threats faced by the vendors in the Global Surgical Robots industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Others
Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- North America
more
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Regional Bifurcation of the Surgical Robots market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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