ALBANY, N.Y., June 9, 2022 /PRNewswire/ — Robotics companies in the surgical robots market are capturing value-grab opportunities in robot-assisted surgeries by constantly aiming for technological advancements in medical robotics. Product sales of surgical robots market are thriving on the back of need for improving increased control, more flexibility for surgeons, and precision in surgical manoeuvers. Authors of a TMR study on the surgical robots market find that the valuation will advance at a CAGR of 14.5% during the forecast period of 2022–2031.
Advancements in various instruments pertain to use of high-performance motors, novel materials, power back-up, and are enriching motion and positional capabilities of surgical roots. Recent developments in the surgical robots market underscore the trend of integration with modern imaging technology has spurred the adoption of products with high stability and accuracy. A case in point is technological advancements in robotic arms.
The growing adoption of surgical robots in various surgical specialties and subspecialties has boosted sales of surgical robots market. They have found to significantly improve the outcomes of surgeries in orthopaedics, neurology, and urology. New technologies in robotic surgeries are catalyzing the prospects of robotic-assisted instrumentation notably in complex surgical tasks.
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Key Findings of Surgical Robots Market Study
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Surgical Robots Market: Key Drivers
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Surgical Robots Market: Regional Growth Dynamics
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Surgical Robots Market: Key Players
Some of the key players in the surgical robots market are Medrobotics Corporation, TINAVI Medical, Titan Medical, Inc., TransEnterix Surgical, Inc., Zimmer Biomet Holdings, Inc., Stryker Corporation, Medtronic plc, and Intuitive Surgical, Inc.
Surgical Robots Market Segmentation
Regions
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:
Spine Surgery Robots Market: Spine surgical robots are self-powered, computer-controlled devices programmed to aid in the positioning and manipulation of surgical instruments. The global spine surgery robots market was valued at more than US$ 75 Mn in 2017 and is anticipated to reach US$ 320 Mn by 2026.
Pharmaceutical Robots Market: The global pharmaceutical robots market was valued at US$ 92.73 Mn in 2017 and is projected to expand at a cumulative annual growth rate (CAGR) of more than 12.1% from 2018 to 2026 to exceed a value of US$ 250.46 Mn by 2026.
Medical Robotic Systems Market: The global medical robotic systems market was valued more than US$ 5,581.8 Mn and anticipated to reach US$ 25,738.8 Mn by 2025. Rise in funding for research & development activities by governments and private organizations, rapid growth in robotic technology, and surge in acceptance of minimal invasive surgeries are key factors fueling demand for medical robotic systems globally.
Robotic Rehabilitation and Assistive Technologies Market: Increase in the geriatric population and large population with physical disabilities are projected to boost the global robotic rehabilitation and assistive technologies market during the forecast period.
Eye Care Surgical Devices Market: Global eye care surgical devices market is driven by the increase in incidence of eye disorders such as cataracts and glaucoma. Eye care surgical devices are used to correct vision, perform surgery, and diagnose diseases.
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