Robotic surgery known as robot assisted surgery is an advanced medical technology which help surgeons to perform complex surgeries with more accuracy, control, and flexibility as compared to conventional surgeries. It is combination of equipment, accessories, and software that involves partial interference or complete dependence on specially devised machine which carries out surgical operations. Furthermore, robotic surgery is enhancing surgeries by offering improved precision and stability. Robots can perform complex surgery with geometrical precision, even in anatomical areas that are difficult to reach by surgeons which is further encouraging patients and surgeons to utilize robots for surgery. It is anticipated that the availability of evaluated and approved clinical data, by improving the blood loss during surgery, offering less complication related to  infection on surgical sites, less pain, faster recovery and among others are some of the factors that are positively impacting on market growth  during the forecast period. Surgical robotics market is valued at 6.60 million USD in 2020 as is expected to reach 20.8 million USD by 2030 growing with the CAGR of 12% during the forecast period.

Market Segmentation:

The surgical robotics market is segmented into component, application, and region. Based on type the market is classified into systems, accessories, and services. Based on application market is characterized into gynecology, orthopedics, neurology, cardiology, and others. On the basis of region surgical robotics market is segmented into North America, Europe, Asia Pacific, Middle East, Africa and Latin America.

Market Dynamics and Factors:

Increasing need for automation in healthcare, rise in chronic diseases, rise in geriatric population, complexity of surgical procedures, rise in demand for minimal invasive surgeries, rise in geriatric population, rise in chronic disease leads to increase in automation of healthcare  are some of the major driving factors that are positively influencing the surgical robotics market growth in near future. In addition to this, due the accuracy implant positioning by lower risk of error, less complication, less pain surgeons are repeatedly using robotics in orthopedic surgery like hip replacement and musculoskeletal which is triggering the growth of market during the forecast period. Furthermore, emerging technology of nano robotics to unclog arteries and cardiovascular catheter based robots, which make smaller incision and minimize blood loss are some of the potential opportunities that are positively influencing the growth of surgical robotics market. However, high cost of machine installation, lack of trained man power, safety concerns are hindering the surgical robotics market growth in near future.

Geographic Analysis:

Geographically, surgical robotics market is segmented into North America, Europe, Asia Pacific, and RoW. North America is dominating the surgical robotics market due to increase in acceptance of robotic surgery by patients and surgeons, advanced healthcare infrastructure, collaboration with insurance companies and among others. Asia Pacific is the second largest market in terms of revenue due to rapid development of robotic surgical systems, increase in the number of surgeries in India and China.

Competitive Scenario:

Some of the key players of surgical robotics surgery market are Medtronic Inc, MAKO Surgical Corporation, Blue Belt Technologies, Hansen Medical Inc, Intuitive Surgical Inc, Curexo Technology Corporation, and Think Surgical Inc, KUKA AG, Mazor Robotics, and Renishaw plc

Surgical Robotics Market Report Scope