(EMAILWIRE.COM, August 07, 2023 ) The surgical robots market refers to the industry and market segment focused on robotic systems designed for use in surgical procedures. Surgical robots are advanced medical devices that assist surgeons in performing complex surgical procedures with enhanced precision, control, and flexibility.
The increasing adoption of surgical robots, and the increase in funding for medical robot research are the factors attributing to the growth of surgical robots.
The report Surgical Robots Market is projected to reach USD 18.4 billion by 2027 from an estimated USD 8.5 billion in 2022, at a CAGR of 16.6% during the forecast period.
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Surgical Robots Market Dynamics:
Drivers:
1. Advantages of robotic-assisted surgery
2. Technological advancements
3. Improving reimbursement scenario
4. Increasing adoption of surgical robots
5. Increase in funding for medical robot research
Restraints:
1. High cost of robotic systems
Opportunities:
1. Increasing penetration of surgical robots in ASCs
2. Emerging markets
Market Segmentation: –
By product & service, the surgical robots market has been segmented into robotic systems, instruments & accessories, and services. In 2021, the robotic systems segment accounted for the second largest share of the surgical robots market.
By robotic systems, the surgical robots market has been segmented into laparoscopy robotic systems, orthopedic robotic systems, neurosurgical robotic systems, and other systems.
By application, the surgical robots market has been segmented into general surgery, urological surgery, gynecological surgery, orthopedic surgery, neurosurgery, and other applications. The general surgery segment is projected to register the highest growth during the forecast period.
Based on end users, the market has been segmented into hospitals & clinics and ambulatory surgery centers. In 2021, the hospitals & clinics accounted for the largest share of the market.
Regional Analysis:
Europe is another prominent region in the surgical robots market. Countries such as Germany, the United Kingdom, France, and Italy have been key players in this market. The region has a well-established healthcare system, high awareness about robotic technologies, and favorable reimbursement policies, which have contributed to the growth of the market.
The Asia Pacific surgical robots market is expected to grow at the highest CAGR during the forecast period of 2022-2027.
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Recent Developments:
In 2022, BGS Beta-Gamma-Service GmbH & Co. KG expanded its laboratory in Wiehl to meet the increased need for sterilization services in the sectors of biotechnology, medicine, and diagnostics for radiation cross-linking.
In 2022, Sterigenics expanded its electron beam facility located in Columbia city, Indiana. This facility provides mission-critical E-beam sterilization services to help ensure the safety of medical devices and drug products.
In 2021, STERIS acquired Cantel, which is a provider of infection prevention services, and this acquisition will strengthen the STERIS leadership in infection prevention by bringing together two complementary businesses.
In 2020, STERIS added X-rays to its product portfolio in the existing gamma irradiation by an expansion of its facility in Thailand.
Top Key Players:-
Intuitive Surgical (US), Stryker Corporation (US), Medtronic Plc (Ireland), Smith & Nephew (UK), Zimmer Biomet (US), Asensus Surgical (US), Siemens Healthineers (Germany), CMR Surgical (UK), Johnson & Johnson (US), and Renishaw Plc. (UK) are key players in the surgical robots market.