Global Surgical Robots Market Share, Growth, Demand, Top Companies, Key Players, Analysis and Forecast by 2024

Posted July 10, 2019 by vynzresearch

The global surgical robots market is expected to grow at a CAGR of 10.9% during the forecast period with its market size predicted to reach USD 10,146.3 million by 2024.

Technological advancements, several advantages of surgical robots, increasing neurological disorders, increasing research and development activities, and increasing geriatric population are driving the growth of the surgical robots market.

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Some of the key surgical robotic systems available in the market include The Da Vinci Surgical System by Intuitive Surgical Inc.; Renaissance and Mazor X by Mazor Robotics Inc. (Acquired by Medtronic plc); Mako Surgical Arm by Stryker Corporation; Rosa Surgical Robot by Medtech SA (Zimmer Biomet); and CyberKnife by Accuray Incorporated.

Based on component, the surgical robots market is categorized into robotic systems, instruments and accessories, and services. Of all, instruments and accessories segment hold the largest share in the market, globally. The largest share of the category is attributed to the repeat purchase and increasing number of robot-assisted surgeries across the globe. The market for surgical robot services market is anticipated to witness the fastest growth during the forecast period due to the intensive maintenance work required for the robotic systems.

Asia-Pacific lags behind North America and Europe in terms of the number of surgical robots installed in the region; however by the end of the forecast period, the region will account for higher share in the global surgical robots market than Europe.

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Some of the key players operating in the surgical robots industry are 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
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Last Updated July 10, 2019