The Global Surgical Robots Market will derive growth from recent technological advancements that have enabled minimally invasive surgeries. According to a report published by Fortune Business Insights, titled “Surgical Robots: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 1,463.0 Mn in 2018. Fortune Business Insights predicts that the market will reach 6,875.1 Mn by 2026, thereby exhibiting a CAGR of 21.4% during the forecast period.
Key questions answered in the Surgical Robots Market report:
What will the market growth rate of Surgical Robots market in 2026?
What are the key factors driving the Global Surgical Robots market?
What are sales, revenue, and price analysis of top manufacturers of Surgical Robots market?
Who are the distributors, traders and dealers of Surgical Robots market?
Who are the key vendors in Surgical Robots market space?
Rising Regulatory Approvals Identified as Chief Growth Driver
As surgical robots are essentially dealing with sensitive parts of the body, regulatory authorities are somewhat reluctant to clear the products for usage. Having said that, recent advancements in surgical robots and the advent of high precision products have churned out several regulatory clearances. Subsequently, increasing regulatory approvals will favor the growth of the global surgical robots market.
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In 2019, Zimmer Biomet received clearance from the Food and Drug Administration (FDA) for the usage of its latest product ‘Rosa One Brain Application’. The system allows surgical navigation and positioning for operations related to neurological body parts, wherein extreme precision methods are required. Fortune Business Insights predicts that advancements in neurological surgeries will account for significant amount of growth of the global surgical robots market.
Segmentation
By Application
By End-User
Table of content:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4.1. Technological Advancements
4.2. Pricing Analysis, by Key Players
4.3. Detail Product Mapping, by Key Players
4.4. Key mergers and acquisitions, by Key Players
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast By Application
5.2.1. General Surgery
5.2.2. Gynecology
5.2.3. Urology
5.2.4. Orthopedics
5.2.5. Others
5.3. Market Analysis, Insights and Forecast By End User
5.3.1. Hospitals
5.3.2. Ambulatory Surgery Centers
5.3.3. Others
5.4. Market Analysis, Insights and Forecast By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia pacific
5.4.4. Rest of World
Minimally Invasive Robot-sssisted Surgeries Will Favor Market Growth
Recent technological advancements have enabled surgical operations through robots wherein the efficiency and time-to-completion have been unmatched by their human counterparts. The advent of minimally invasive surgical procedures due to rising demand for imaging techniques through infrared technology have led to a rising uptake of surgical robots across the world. In April 2019, the Vanderbilt Institute for Surgery and Engineering (VISE) received a grant of an approximate US$ 2 Mn for the development of a surgical robot within a minimally invasive environment.
The project revolved around prostate surgeries and would include operations through needle sized robotic arms. Fortune Business Insights predicts that increasing adoption of minimally invasive surgeries through surgical robots will minimize the use of surgical stitches, thereby creating a huge demand among surgeons as well as end users across the world. The report studies the impact of product launches similar to VISE’s latest surgical robot and gauges the impact of these products on the global surgical robots market.
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To view the original version on The Express Wire visit Surgical Robots Market Is Expected to Grasp US$ 6,875.1 Mn by 2026, at a CAGR Of 21.4%