Surgical Robotics Market Size – USD 1.64 Billion in 2019, Market Growth - CAGR of 24.6%, Market Trends – Favorable government initiatives for surgical robots

Further key findings from the report suggest

Ambulatory care centers for its highest amount of usage and extensive proliferation of the new ASCs in the developed countries are the factors driving the market growth substantially.
In February 2020, Midland Health had partnered with local neurosurgeons and Midland Memorial Hospital for providing small-cut robot-assisted spine surgery. The Mazor X Stealth Robotic Navigation system was used in the operation as it helps with image-based pre-operative analytics and provides intra-operative guidance during surgery.
Medtronic has acquired in 2018 Mazor Robotics in a robot-assisted surgery platform. Medtronic, acquisition was to develop fully-integrated surgical planning, to unite spine technologies with Mazor robotic system. Mazor X has received 510(k) clearance from the FDA, Mazor X and Stealth are used together in the robotic-assisted surgery.
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The global Surgical Robotics market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures. The global Surgical Robotics market is highly consolidated due to the presence of a large number of companies across this industry.

Global Surgical Robotics Market COVID-19 Analysis

The report offers an extensive analysis of the factors that are likely to influence the growth of the industry. The research study considers the COVID-19 pandemic a key growth influencing factor. The pandemic has negatively impacted the Surgical Robotics industry through disruptions in global supply chains and grueling economic conditions. The report extensively analyzes the impact of the pandemic on the Surgical Robotics market on a global as well as regional scale. To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Surgical Robotics industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world. The report covers the impact of the pandemic on the Surgical Robotics market and its key segment. The report also offers an initial and future assessment of the impact of the pandemic on the Surgical Robotics market and offers revenue estimations in a post-COVID-19 scenario.

Key players in the market include Medrobotics, Procept BioRobotics, Verb Surgical, DePuy Synthes, BrainLab, Titan Medical, Zimmer Biomet, Globus Medical, Auris Health, TransEnterix, Globus Medical, CMR Surgical, Getinge, Blue Belt Technologies, and ELMED Medical, among others.

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The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Surgical Robotics market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.

The report offers a comprehensive overview of the global Surgical Robotics market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications.

Type Outlook (Revenue: USD Billion; 2017-2027)
Neurosurgery
Spinal surgery
ENT Surgery
Orthopedic Surgery
Robotic Radiosurgery System
Others
Applications Outlook (Revenue: USD Billion; 2017-2027)
Pediatrics
Adults
Geriatrics
End Use Outlook (Revenue: USD Billion; 2017-2027)
Hospitals
Ambulatory Care Centers
Others
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Key Geographical Segments Analyzed in the Report:

North America (U.S., Canada)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Europe (U.K., Italy, Germany, France, Rest of EU)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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