Overview of the Global Robot-Assisted Surgical Medical Device Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Global Robot-Assisted Surgical Medical Device Market By Application (Gynecological Surgery, Cardiovascular Surgery, Neurosurgery, Orthopedic Surgery, Urology Surgery, Other (Colorectal, Ear Nose Throat(ENT), etc.)), By End User (Hospitals, Ambulatory Surgery Centers), The Global Robot-assisted Surgical Devices (RASD) Market is projected to grow at a CAGR of around 10.59% during the forecast period, i.e., 2022-27. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Global Robot-Assisted Surgical Medical Device Market Growth and Scope:
Base Year: 2021
Forecast Period: 2022-27
Historical Data: 2017-20
CAGR (2022-2027): 10.59%
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Key Driver: Rising Demand for Minimally Invasive Surgical Procedures to Escalate the Market Growth
From complex vascular procedures to gynecological procedures, surgical robotics has found its application in various surgical procedures. The rising inclination of the patients toward minimally invasive surgeries on account of the reduced hospital stay, patient recovery time, lesser patient trauma, and post-operative pain has positively contributed to the growth of the Robot-assisted Surgical Devices market. Therefore, the surgical robotics market is anticipated to witness considerable growth in the upcoming years as the demand for minimally invasive surgical procedures propels.
A Comprehensive Analysis of Leading Companies of Robot-Assisted Surgical Medical Device Market by MarkNtel Advisors:
- Medtronics PLC
- CRM Surgical
- Stryker Corporation
- Johnson & Johnson (Auris Health)
- Intuitive Surgical Inc.
- Titan medical
- THINK Surgical Inc.
- Asensus Surgery (Formerly: TransEnterix Surgical)
- SRI International Inc.
- Renishaw PLC
- Smith & Nephew PLC
- Brainlab
- NuVasive Inc.
- Synaptive Medical
- Others
Key Robot-Assisted Surgical Medical Device Market Segmentation:
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-By Application
- Gynecology Surgery
- Cardiovascular Surgery
- Neurosurgery
- Orthopedic Surgery
- Urology Surgery
- Other (Colorectal, Ear Nose Throat (ENT), etc.))
Here, the orthopedic surgery application held a considerable market share in the Global Surgical Robotics market due to the robust research & development (R&D) investments for enhancing the surgery procedures. Robotics-assisted surgical systems for Orthopedic Surgery offer accuracy & precision in bone resection procedures.
-By End User
- Hospitals
- Ambulatory Surgery Centers
Among them all, Hospitals, being the primary buyers of robot-assisted surgical devices, captured a significant share in the Global Robot-assisted Surgical Devices (RASD) market during 2017-2022.
Geographical Analysis
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
North American region accounted for a significant share of the Global Robot-assisted Medical Device market during 2017-2021 due to the presence of companies such as Zimmer Biomet, Medtronic, and Globus Medical, among others, which manufacture & market robot-assisted medical devices.
key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
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- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
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