The global surgical robots market is growing at a CAGR of around 12% during 2020-2025. Surgical robots refer to computer-controlled machines that are used for performing minimally invasive (MI) and laparoscopic surgeries. These robots consist of a magnifying high-definition 3-D camera fitted at the tip of the robotic arm that provides an accurate representation of the body parts. They replicate the hand movements of the surgeons and can perform complex procedures using miniaturized surgical instruments that can fit through small incisions. In comparison to traditional surgeries, these robots offer faster recovery time, minimal post-operative discomfort, and reduced risks of infection and scars.
The increasing prevalence of neurological disorders across the globe is one of the key factors driving the growth of the market. In line with this, the rising geriatric population, which is more susceptible to medical ailments, is also contributing to the market growth. Furthermore, the extensive utilization of these robots for performing surgeries, along with the increasing preference for MI procedures by both patients and healthcare providers, is providing a boost to the market growth significantly. For instance, neurosurgical robots are being used for precise positioning of needles in deep intracranial lesions and for retracting delicate neural structures.
Various technological advancements and the integration of the healthcare industry with Artificial Intelligence (AI), Internet of Things (IoT) and virtual and augmented reality (VR/AR) are acting as other growth-inducing factors. Surgical robots are being equipped with 3D imaging systems, HD microscopic cameras, data recorders, motion sensors and robotic controlled catheters that assist surgeons in performing complex procedures accurately. Other factors, including increasing funding and investments for research and development (R&D) in the field of robotics and medical sciences, along with improving healthcare infrastructure across the globe, are also projected to drive the market further. Looking forward, IMARC Group expects the global surgical robots market to continue its strong growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global surgical robots market, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on product, application, end-user and region.
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The global surgical robots market is highly fragmented with the presence of several small and large players competing in terms of price and quality. Some of the major players in the market are:
Key Questions Answered in This Report:
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