Surgical Robots Market To Grow At An Impressive CAGR Of 22.3% And Generate Revenue Of 8.24 Billion by 2025 | Grand View Research, Inc.

Surgical Robots Market To Grow At An Impressive CAGR Of 22.3% And Generate Revenue Of 8.24 Billion by 2025 | Grand View Research, Inc.

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According to a recent report published by Grand View Research Inc., high adoption of surgical devices and growing trend of minimally invasive surgeries is likely to empower the market demand for surgical robots market.

The global surgical robots market size is expected to grow at USD 8.24 Billion by 2025, expanding at a CAGR of 22.3%. Introduction of SMART devices coupled with robotic assistance is likely to encourage the market growth in the coming years. Increasing approvals for new medical conditions is one of the major growth factor for market development.

Rise in the number of hospitals and growing adoption of robotics in the surgeries encourage market development in the coming years. Government spending on technology and robotic applications is attracting more investment by stakeholders. As per the Robotic Industries Association, the robot sales in the U.S. is growing constantly in applications for automotive, wearable devices, and surgeries. Companies are focusing on competition in the industry to deliver better range of products and provide growth platform to this industry in the near future. 

Surgical robots have witnessed a paradigm shift in the last few years owing to the technological advancements in areas of 3D imaging, data recorders, data analytic systems, and high definition microscopic cameras. Also, new applications are developed for existing platforms and disruptive technologies are created that is expected to disrupt the market growth. Additionally, the industry is witnessing a growing trend of robotic companies collaborating on technology platforms with third party vendors to develop new surgical applications. 

U.S. surgical robots market, by application, 2014 - 2025 (USD Million)

Surgical Robot Market Report Highlights:

  1. North America dominated the market holding a high revenue share, owing to the factors such as presence of major manufacturers in the region, growing investments and high healthcare expenditure.

  2. The others segment dominated the market in past few years, owing to a high prevalence of general and laparoscopic surgeries, and increasing approval for treatment of new medical conditions.

  3. According to the FDA, the use of robotics in the U.S. has increased drastically in the past few years attributing to the rise in use of robotics used for surgeries.

  4. The key players are adopting FDA approved surgical systems particularly designed for minimal invasive biopsies. 

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Grand View Research has segmented the global surgical robots market on the basis of application outlook, and regional outlook:

Surgical Robot Application Outlook (Revenue, USD Million, 2014 − 2025)

  • Orthopedics

  • Neurology

  • Urology

  • Gynecology

  • Others

Surgical Robot Regional Outlook (Revenue, USD Million, 2014 − 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Mexico

    • Brazil

  • MEA

    • South Africa

List of Key Players for Surgical Robots Market:

  1. Intuitive Surgical

  2. Stryker Corporation

  3. Medtronic

  4. Smith & Nephew and Others

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Medical Robotic Systems Market –

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