The global surgical robots market is anticipated to grow significantly at 12.3% CAGR and is highly used in gynecological, orthopedic, urological, neurosurgeries, and other minimally invasive surgeries that provides benefits like small incisions, few cuts, decrease scarring, reduced pain, speedy recovery, and are cost savings, thereby provides high accuracy, repeatability, control, and efficiency in robotic-assisted surgeries. Owing to the advantages offered by robotic-assisted surgeries, technological development of surgical robots, increased funding of medical robot research, and increased usage of surgical robots will propel the growth of the surgical robots market.

Moreover, automation in the healthcare industry has shifted the trend towards advanced robotic surgeries. Nevertheless, there is a need to exploit emerging economies like Brazil, India, and China will create promising opportunities for growth in the surgical robots market.

The COVID-19 pandemic has had an adverse impact on the surgical robots market due to the cancellation or postponement of elective surgeries during the first quarter of 2020. However, the growth of technologies like cloud computing, Artificial Intelligence will propel innovation in the robotics space, and enhance clinical outcomes, thereby decreasing the workload for healthcare providers.

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Based on application, the gynecological surgical robot’s market will grow significantly during the forecast period. The increased adoption of surgical robots in gynecology procedures will have faster growth in the market. Gynecological surgeries offer benign hysterectomy, myomectomy, and gynecologic malignancies, etc. The increased cases of C-section surgeries and rising patients’ inclination to adopt robotic-assisted minimally invasive surgeries will further accelerate the growth of the segment.

North America dominates the global surgical robots market owing to well-established healthcare infrastructure, rising adoption of surgical robotic systems across different healthcare settings. The presence of major players and continuous development in robotics and increasing demand for minimally invasive surgeries to decrease the post-operative period will further augment the growth of the surgical robots market in the region.

Stryker has expanded its portfolio of Mako robots from the Ortho Giants by acquiring OrthoSensor and its Verasense intraoperative sensor technology. Verasense provides the Stryker Triathlon Knee System with a unique knee balancing solution that provides surgeons with valuable soft tissue feedback. In addition, OrthoSensor's MotionSense has a mobile application that combines a portable device for remote patient monitoring with OrthloLogIQ, a cloud-based data platform that helps Stryker improve its data analysis capabilities.

The prominent players in the surgical robots industry include Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics Inc., (Acquired by Medtronic plc), Medtech SA (Acquired by Zimmer Biomet), Accuray Incorporated, Smith & Nephew plc, Renishaw plc, Auris Health, Inc. (Acquired by Johnson & Johnson), Medrobotics Corporation, Varian Medical Systems, Stereotaxis, Inc., Titan Medical Inc., Think Surgical Inc., and TransEnterix, Inc.

Source: VynZ Research