Sales Revenue in the Surgical Robots Market to Register a Stellar CAGR During 2019 – 2029

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VALLEY COTTAGE, N.Y. – Product Synopsis

Robotic surgery is type of minimally invasive surgery which is performed by small incision. The advance medical device which is used during the robotic surgery is referred as surgical robots. Surgical robots are made up of two component camera arm and console near operating table. The console provide 3D high definition view of surgical site. This feature guides the surgeon to perform the surgery in efficient manner. Surgical robots provide flexibility and better control to surgeon during surgical procedure. Da Vinci surgical robots by Intuitive Surgical is the most product in the market. The first surgical robot Da Vinci approved by FDA in 2000. Surgical robots are also used to perform the telesurgery.

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Surgical Robots Market: Drivers and Restraints

Rising number of urology and gynecology surgeries is the primary factory driving the growth of surgical robots market. Also, increasing prevalence of breast cancer prostate cancer is fueling the growth of surgical robots market. Moreover, inclination toward advance technologies also boosting the revenue growth for surgical robots market. Additionally, availability of favorable reimbursement scenario for surgeries is rising the demand for surgical robots market. Stringent regulation by FDA for approval of robotic devices may hamper the growth of surgical robots market. Also, lack of awareness among the people in under developing countries about robotic surgery may deter the progress of surgical robots market.

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Surgical Robots Market: Overview

Intuitive Surgical is pioneer company in surgical robots and its Da Vinci surgical robot is most widely preferred surgical robot in the market. Therefore, Intuitive Surgical is the leader in surgical robots market. Surgical robots are most widely used for treatment of prostate cancer, hence urology segment by application dominate the surgical robots market. Among end user, hospital segment will gain the major revenue share for global surgical robots market which is then followed by ambulatory surgical centers. Surgical robots are being considered over alternative treatment systems because, with robotic surgeries, patients are required to spend lesser number of days in the hospital, thus, proving to be cost effective. The use of Robotic Surgery Systems is slowly plummeting the use of Laparoscopic procedures, allowing newer surgeons to achieve the same results of their pioneering colleagues. Surgical robots also make knot tying and easier due to the articulation provided at the end of the robotic arm. These factors make surgical robots more popular and favorable for the newer surgeons.

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Surgical Robots Market: Regional Overview

North America is expected to be most dominant region for Surgical Robots market due technological advancement in U.S. and Canada. After North America, Surgical Robots market is then followed by Europe owing to increasing adoption for Surgical Robots and availability of favorable reimbursement scenario in this region. Asia-Pacific is expected to show significant growth for Surgical Robots market due rising prevalence of prostate cancer in India and China. Latin America and Middle East and Africa region are expected to show delayed growth for Surgical Robots market owing to lack awareness among the people in this region.    

Surgical Robots Market: Key Players

Examples of some of the market participants in Surgical Robots market identified across the value chain Intuitive Surgical, Inc., Auris Surgical Robotics, Zimmer Biomet, Accuracy Inc., Smith & Nephew plc., Stryker Corporation., Corindus Vascular Robotics, Renishaw plc., Mazor Robotics, TransEnterix Surgical, Inc. and others.

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