The recent study on ‘Global Surgical Robotic Systems Market’ hosts a thorough investigation of the key growth indicators, profitable prospects, challenges, and restraints influencing the business dynamics during 2020-2027.
Selbyville, Delaware, Feb. 22, 2021 (GLOBE NEWSWIRE) -- According to seasoned experts, global surgical robotic systems market accounted for USD 5.3 billion in the year 2019 and to reach USD 14.9 billion with a compound annual growth rate of 13.7% during 2020-2027, subsequently reflecting a valuation of USD 14.9 billion by the end of the analysis period.
The outbreak of the Covid-19 disease has confined the global economy, restricting revenue generation as well as industry expansion due to disturbance in the entire supply chain. Hence, this research literature aims to answer all the client interrogations through its comprehensive analysis, while parallelly proposing structured contingency plans for industry moguls to withstand the constant changes in supply & demand.
Factors such as escalating demand for minimally invasive surgical procedures, growing prevalence of chronic ailments such as neurological disorders and cancer, and rapid development in the healthcare sector are fueling the growth of the global surgical robotic systems market.
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For the uninitiated, a robotic surgery is a minimally invasive surgical method which utilizes robotics for executing the procedure. These systems are equipped with a blend of software and accessories and are operated and controlled by surgeons.
The report states that rising adoption of the product across various types of surgeries including orthopedic, cardiac, neurological, and gynecological along with improving cognizance regarding the beneficial attributes such as shorter recovery time, reduced risk of blood loss and infection are stimulating the global surgical robotic systems market outlook.
Additionally, ongoing technological advancements along with increasing utilization of surgical robots among surgeons for enhancing precision and efficacy as well as reducing post-surgical impediments are furthering business development. On the contrary, high costs associated with the technology and increasing occurrence of accidental injuries and deaths caused by broken instruments could restrain the industry expansion in the upcoming years.
Outlining market segmentations
Speaking of component type, the overall industry vertical is categorized into services, accessories, and systems. Elaborating on the application spectrum, the business sphere is fragmented into general surgery, orthopedic surgery, neurosurgery, urology surgery, gynecology surgery, and others.
According to reliable predictions, North America presently accounts for a majority share in global surgical robotic systems market, primarily due to favorable government initiatives aimed at increasing the implementation of the systems across the region.
On the other hand, Asia-pacific is set to expand substantially, recording the highest CAGR over 2020-2027. Factors such as flourishing healthcare infrastructure in India and China along with growing prevalence of chronic diseases are emerging as lucrative opportunities for the growth of the regional market.
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Global Surgical Robotic Systems Market by Component Type (Revenue, USD Billion, 2017-2027)
Global Surgical Robotic Systems Market Application Spectrum (Revenue, USD Billion, 2017-2027)
Global Surgical Robotic Systems Market Regional Outlook (Revenue, USD Billion, 2017-2027)
Rest of the world
Global Surgical Robotic Systems Market Competitive Landscape (Revenue, USD Billion, 2017-2027)
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Surgical Robotic Systems Market, by Region, 2018-2027 (USD Billion)
1.2.2. Surgical Robotic Systems Market, by Component, 2018-2027 (USD Billion)
1.2.3. Surgical Robotic Systems Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Surgical Robotic Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Surgical Robotic Systems Market Dynamics
3.1. Surgical Robotic Systems Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Surgical Robotic Systems Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Surgical Robotic Systems Market, by Component
5.1. Market Snapshot
5.2. Global Surgical Robotic Systems Market by Component, Performance - Potential Analysis
5.3. Global Surgical Robotic Systems Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Surgical Robotic Systems Market, Sub Segment Analysis
Chapter 6. Global Surgical Robotic Systems Market, by Application
6.1. Market Snapshot
6.2. Global Surgical Robotic Systems Market by Application, Performance - Potential Analysis
6.3. Global Surgical Robotic Systems Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Surgical Robotic Systems Market, Sub Segment Analysis
6.4.1. Gynecology Surgery
6.4.2. Urology Surgery
6.4.4. Orthopedic Surgery
6.4.5. General Surgery
Chapter 7. Global Surgical Robotic Systems Market, Regional Analysis
Robotic Process Automation (RPA) Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
One of the fastest emerging and most promising verticals within the sustainable and smart technologies domain, the global robotic process automation (RPA) market is poised to witness notable growth in the future. RPA solutions are experiencing a significant adoption among business aiming to cut operational expenses. Widespread adoption of automated solutions across numerous end-use verticals will positively impact the industry outlook. Robotic process automation is extensively used in BFSI, healthcare, IT & telecom, manufacturing, transportation, retail, energy & utilities, and others. The manufacturing sector has been one of the leading adopters of RPA tools and will account for a substantial share of the market by 2026. RPA adoption in manufacturing will be driven by the widespread adoption of industry 4.0 worldwide.
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