FREMONT, California, Oct. 7, 2019 /PRNewswire/ — According to a new market intelligence report by BIS Research, titled “Global Surgical Robotics Market – Analysis and Forecast, 2019-2029“, the global surgical robotics market is estimated at $4.71 billion in 2018 and is projected to grow over $15.43 billion by 2029. The market is expected to grow at a CAGR of 10.70% during the forecast period from 2019 to 2029. The growth is aided by the remarkable adoption of surgical robotic systems among its end-use segments.
Browse 151 Market Data Tables and 222 Figures spread through 396 Pages and in-depth TOC on “Global Surgical Robotics Market“
The healthcare landscape is undergoing immense transformations to keep up or to improve high-quality care by bringing down the cost. However, variables, such as rising geriatric population on a global level as well as different care standards between developed and developing economies, are posing as a challenge in the introduction of high quality care.
In addition, minimally invasive surgery within the healthcare sector holds huge potential as it is considered the best treatment alternative for open surgery. The machines used for these surgeries are extraordinarily structured to reach areas, which are beyond access, by normal specialists until large incisions are made. With increasing advancement in innovation, prompting exponential development in robotic-assisted surgical procedures, medical centers are expected to deliver high-quality care options by offering efficient and precise surgical procedures, with less patient discomfort. From the patient perspective, lesser recuperation time, reduced risk of infection, shorter length of stay at hospital, and smaller incisions or scars as opposed to conventional surgery are the significant advancements in surgical robotics.
BIS Research Report: https://bisresearch.com/industry-report/global-surgical-robotics-market.html
The global surgical robotics market is expected to witness a rapid development from 2019 to 2029. The growth is expected to be mainly attributed to primary drivers in this market, comprising elevating geriatric population, rising healthcare spending, increasing cases of chronic disorders, and expanding support from governments, among others. The market is expected to grow at a significant growth rate due to the opportunities, such as a massive scope for phenomenal profits through venturous investments, integrative industry-academia collaboration, and novel surgical applications, which lie within its domain. However, there also exist numerous restraints, including a shortage of skilled professionals, and the high cost of surgical robotic systems and the associated surgical procedures.
According to Chanda ManuKoushik, Lead Analyst at BIS Research, “North America region is the leading contributor in the global surgical robotics market. The contribution of North America in the global surgical robotics market was valued to be 64.5% in 2018. Latin America and Asia-Pacific regions have been the fastest-growing regions in terms of market penetration, owing to factors such as the improving healthcare infrastructure and rising per capita income. In addition to that, factors such as large population base coupled with the increasing geriatric population, and several public initiatives are also driving the market growth in both Asia-Pacific and Latin America region.”
Research Highlights:
Request for Sample Report: https://bisresearch.com/requestsample?id=756&type=download
This market intelligence report provides a multidimensional view of the global surgical robotics market in terms of market size and growth potential. This research report aims at answering various aspects of the global surgical robotics market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion.
Furthermore, the competitive landscape chapter in the report explicates the competitive nature of the global market and enables the reader to get acquainted with the recent market activities, such as product launches, partnerships, collaborations, and business expansions as well as mergers and acquisitions, among others. The research report provides a comprehensive analysis of the product sales, manufacturers and trend analysis on the basis of segment and demand analysis on the basis of region.
This report is a meticulous compilation of research on more than 50 players in the market ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 10 leading companies, market participants, and vendors. The report also profiles 23 companies including several key players, such as Auris Health, Inc. (Johnson & Johnson), CMR Surgical Limited, Corindus Vascular Robotics, Inc., Globus Medical, Inc., Intuitive Surgical, Inc., Mazor Robotics Ltd. (Medtronic plc), Medrobotics Corporation, Medtech SA (Zimmer Biomet Holdings, Inc.), meerecompany Inc., Memic Medical Ltd., Neocis, Inc., OMNI Orthopaedics Inc. (Corin Group), Renishaw plc, Restoration Robotics, Inc., Riverfield Co., Ltd., Smith & Nephew plc, Stereotaxis, Inc., Mako Surgical Corp. (Stryker Corporation), Synaptive Medical, Inc., THINK Surgical, Inc., Titan Medical Inc., and TransEnterix, Inc.
Key Questions Answered in the Report:
Related Reports:
Global Robotics Surgical Simulation Systems Market – Analysis and Forecast, 2019-2024
About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends, which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
What distinguishes BIS Research from the rest of the players is that we don’t simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.
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SOURCE BIS Research
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