The Surgical Robots Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s illuminating Surgical Robots Global Market Report of 2024, the landscape of surgical robotics has undergone a remarkable evolution. The market's exponential ascent, reaching $8.14 billion in 2024 and projected to soar to $9.71 billion with a robust Compound Annual Growth Rate (CAGR) of 19.3%, is intricately linked to factors such as the burgeoning prevalence of chronic ailments, a burgeoning aging demographic, heightened precision and accuracy demands, augmented healthcare expenditures, and a surge in robotic-assisted procedures.
Foretelling the trajectory, the surgical robots market is poised for even greater expansion, anticipating a formidable upswing to $20.28 billion by 2028, supported by a compelling CAGR of 20.2%. The impetus behind this anticipated surge lies in multifaceted factors, including the broadening scope of robotic surgery applications, heightened adoption rates in burgeoning markets, a burgeoning appetite for remote surgical solutions, the prevailing trend of customization and personalization, and the pivotal role of regulatory approvals and standards. Anticipated trends encompass the integration of artificial intelligence for surgical precision, the ascendancy of miniaturized surgical robots, the advent of telesurgery and remote surgical capabilities, the burgeoning utilization of robotics in non-invasive procedures, and the integration of haptic feedback technology.
The increasing elderly and surgical patient populations are expected to propel the growth of the surgical robot market going forward. The growing elderly and surgical patient populations substantially impact the use and development of surgical robots. Minimally invasive procedures performed by surgery robots are used to reduce patient trauma, shorten recovery times, and cut complication rates. These benefits are critical for aged people to lower mortality and morbidity rates. For instance, according to October 2021 published factsheet by World Health Organization, a Switzerland-based governing body, there will be 1.4 billion individuals over the age of 60 in the world by 2030. Further, according to the American Joint Replacement Registry's 2022 Annual Report, released on November 2022, hip and knee arthroplasty cases in the US reached around 2.8 million in 2022, an increase of 14% from 2021. Therefore, increasing elderly and surgical patient populations drive the surgical robot market.
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The surgical robots market covered in this report is segmented –
1) By Component: Systems, Accessories, Services
2) By Surgery Type: Gynecology Surgery, Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Other Surgeries
3) By End-Users: Clinic, Hospital, Ambulatory Care Centers, Other End Users
Transitioning to the domain of temperature management systems, wearable technology is undergoing a rapid metamorphosis, emerging as the avant-garde trend in this sector. The deleterious effects of heat generated from power consumption, manifesting as circuit malfunctions and low-temperature burns to users, necessitate innovative solutions. Researchers are propounding advanced thermal management methods utilizing wearable devices with enhanced performance. A paradigmatic example is the Embr Wave by Embr Labs, a pioneering watch or bracelet, functioning as a personal thermostat. This wearable device ingeniously regulates the wearer's body temperature based on individual preferences, heralding a new era in personalized thermal comfort.
The surgical robots market report table of contents includes:
1. Executive Summary
2. Surgical Robots Market Characteristics
3. Surgical Robots Market Trends And Strategies
4. Surgical Robots Market - Macro Economic Scenario
5. Global Surgical Robots Market Size and Growth.
......
31. Global Surgical Robots Market Competitive Benchmarking
32. Global Surgical Robots Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Surgical Robots Market
34. Surgical Robots Market Future Outlook and Potential Analysis
35. Appendix
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Surgical Robots Market Technologies and Trend Research By Product Type (Instrument & Accessories, Robotic Systems and Services), By Application (Gynecologic Surgery, General Surgery, Cardiac Surgery, Urologic Surgery, Colorectal Surgery and Head and Neck Surgery), By Control Mechanism (Direct Telemanipulator and Computer Control) and By End User (Hospitals and Ambulatory Surgical Centers) - Global Forecast till 2027Surgical robots are used for robotic-assisted surgery, a minimally invasive surgery, allowing doctors to perform many complex procedures with more flexibility, precision, and control, which is not possible with conventional techniques.
A new report on the global surgical robots market, published by Market Research Future (MRFR), pegs that this market can elevate at 18.94% CAGR during the forecast period (2016-2024).
Regarding valuation, the worth of this market can be USD 19,596.61 Mn by the end of the forecast period.Major drivers of the global surgical robots market growth are technological advancements in surgical robots and the rising preference for minimally invasive surgeries.
Other factors aiding the global surgical robots market growth include accuracy, flexibility, increasing demand for automation in the healthcare sector, increasing innovation in medical technology, rise in spending on research & development (R) in the medical sector, and increasing prevalence of different diseases.
However, some factors that can pull down the market growth include high cost of surgical robots and risks associated with robotic surgeries.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/3025Market SegmentationThe global surgical robots market is segmented by application, control mechanism, end-user, and product type.
Regional SegmentationA geographical outlining of the global surgical robots market covers the Americas (North America & Latin America), Europe, Asia Pacific, and the Middle East & Africa (MEA).The Americas is the most important regional market as North America is the most advanced region in the world due to technological advancement and better medical facilities.
The technological advancements in surgical robots, the increasing adoption of surgical robots, the various advantages of robotic-assisted surgery, and the increase in funding for medical robot research are the key drivers of the surgical robots market.
Increasing penetration of surgical robots in ASCs and emerging markets are also supporting the growth of this market.The Surgical Robots Market is expected to reach USD 11.8 billion by 2025 from USD 6.7 billion in 2020, at a CAGR of 12.1%.Ask for PDF Brochure:-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256618532Market Segmentation: -The surgical robots market is segmented based on product & service into robotic systems, instruments & accessories, and services.
The instruments & accessories segment is expected to command the largest share of the market in 2020 and is estimated to grow at the highest CAGR during the forecast period.
The recurrent purchase of instruments & accessories as opposed to robotic systems, which are a one-time investment, is the major factor driving the growth of this product segment.The market is segmented into general surgery, urological surgery, gynecological surgery, orthopedic surgery, neurosurgery, and other applications based on applications.
The general surgery applications segment is estimated to command the largest share of the market in 2020, and this segment is also projected to register the highest CAGR owing to increased use of surgical robots in general procedures such as bariatric surgery, Heller myotomy, gastrectomy, hernia repair, cholecystectomy, transoral surgery, and pancreatectomy.Market Drivers: - 1 Advantages of Robotic-Assisted Surgery 2 Technological Advancements 3 Increasing Adoption of Surgical Robots 4 Increase in Funding for Medical Robot ResearchRegional Analysis: -North America is expected to dominate the global surgical robots market in 2020, the Asia Pacific region is expected to register the highest CAGR during the forecast period.
The high growth in this region can be attributed to the increasing demand from key markets such as Japan and China and the large patient population in India.
