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Surgical Robots Market Trend 2020 – Covid-19 Impact Analysis by Industry Trends, Size, Share, Company Overview, Growth, Development and Forecast by 2024

Surgical

Global “Surgical Robots Market” Report 2020 trend offers Complete examination of industry status and standpoint of significant areas dependent on of central participants, nations, item types, and end enterprises. This report focuses on the Surgical Robots in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Surgical Robots Market report categorizes the market based on manufacturers, regions, type and application. Surgical Robots Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.

Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Surgical Robots Market report categorizes the market based on manufacturers, regions, type, and application. Surgical Robots Market reports offer a detailed assessment of the Surgical Robots including enabling technologies, current market situation, market assumptions, restraining factors.

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List of Top Key-players in 2020 of Surgical Robots Market:-

  • Intuitive Surgial
  • Stryker Corporation
  • Johnson & Johnson
  • Computer Motion Inc
  • Mako Surgical Corp
  • SRI International
  • Accuray
  • Think Surgical Inc
  • Hansen Medical Inc
  • Mazor Robotics Ltd
  • Blue Belt Technologies
  • Curexo Technology Corporation
  • MDA Corporatin

The Global Surgical Robots market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The surgical robots market was valued at USD 3556.9 million in 2017 and is expected to reach a value of USD 10973.2 million by 2023 at a CAGR of 21.9%, over the forecast period (2018 – 2023).
The increasing need for automation in healthcare, growing incidences of chronic diseases, increasing geriatric population, the complexity of surgical procedures, and increasing demand for non-invasive surgeries with more precision and flexibility, are the factors driving the market. Robot-assisted surgery has witnessed widespread adoption since the introduction of da Vinci surgical system by Intuitive Surgical Inc. After the system got FDA approval in 2000, da Vinci surgical system became the most widely-used surgical robot in the United States and Europe helping many cases to witness reduced length of hospital stays and lower rates of infection.

High Initial Costs and Adverse Reports Stand as a Major Challenge

Just like most of the advanced medical robots in the market, surgical robots need high capital and careful installation. After installation, there could be a minimal deviation in the precision of specific biomedical sensors of the equipment. This generates a need for regular maintenance and calibration of the equipment. High costs of the equipment and maintenance, force many hospital establishments to pass on these costs to the medical bills of patients. This is the primary reason for the robotic surgeries to be more expensive than traditional surgeries.
The surgical robots also needs trained doctors to operate the equipment. Adjusting to artificial haptic feedback and hand-eye coordination could be mastered only through hours of practice. Even the most complex and precise equipment like da Vinci surgical system is prone to many adverse reports and side effects. Just under a decade after the commissioning of da Vinci, there were more than 112 adverse reports claimed on the machine. It is also said to cause serious side effects such as
• Inflammation of abdominal lining
• Burns, tears, and punctures of tissues
• Excessive bleeding
• Severe intestinal injury etc.
It is sometimes even complained that the insulation of the machine could raise to a temperature where it could burn the tissue of a patient. With the advent of technology and better models in the market, these factors are expected to vanish from the list of drawbacks.

Robot-Assisted Laparoscopy is being adapted at a Faster Pace

The introduction of advanced robot-assisted laparoscopic procedures had enhanced the precision and quality of treatment of existing and new medical indications. Although laparoscopic devices and associated methods are expensive, it is cost-effective in the long term, for reducing the length of hospital stay and minimizing hospital-acquired infections. Surgeons prefer laparoscopy to open surgeries, because of reduced blood loss, minimal scarring, shorter hospital stays, and rapid recovery times.
Medical facilities across the globe perform more than six million laparoscopic surgeries each year. Laparoscopy is fast becoming a standard method, with surgeons across the world using the technique, along with micro-laparoscopic methods, to increase the efficiency and success rate of various surgical procedures, including cholecystectomies, appendectomies, and hernia repairs.

Asia-Pacific on the Fast Track

Asia-Pacific is poised to record the highest growth in the world, owing to the increasing demand in countries, such as India, China, and Japan. With the growth of the overall robotics market in the region headed by technology giants like Japan and China, availability of medical robots has also increased. In 2017, a robot performed the world’s first automated dental implant in China. The success of this procedure has raised hopes that this technology could avoid problems caused by human error, and help overcome the shortage of qualified dentists in the country. Also, it is expected to increase the demand for robotic dental surgery amongst the wealthy population of China.

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The global Surgical Robots market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Highlighted points of Surgical Robots Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Key Developments in the Surgical Robots Market:

  • April 2017 – Intuitive Surgical received a CE marking in Europe for its latest da Vinci X system. The company’s primary aim of modeling this system was to make use of the most advanced robot-assisted surgery technologies at a lower cost. This is expected to increase the market for Intuitive’s surgical robots in the European countries.
  • August 2017 – Journal of Healthcare Engineering publishes the emergence of latest technology, augmented reality, in robotic surgery. The development of augmented reality devices allows doctors to incorporate data visualization into diagnostic and treatment procedures to improve work efficiency, safety, and cost. Also this technology could play a key role in enhancing surgical training activities for new operators and doctors.

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    This Surgical Robots Market Research/analysis Report Contains Answers to your following Questions

    • Which Manufacturing Technology is Used for Surgical Robots? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
    • Who Are the Global Key Players in This Surgical Robots Market? What’s Their Company Profile, Their Product Information, Contact Information?
    • What Was Global Market Status of Surgical Robots Market? What Was Capacity, Production Value, Cost and PROFIT of Surgical Robots Market?
    • What Is Current Market Status of Surgical Robots Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Surgical Robots Market by Taking Applications and Types in Consideration?
    • What Are Projections of Global Surgical Robots Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
    • What Is Surgical Robots Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
    • What Is Economic Impact On Surgical Robots Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
    • What Are Market Dynamics of Surgical Robots Market? What Are Challenges and Opportunities?
    • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Surgical Robots Industry?

    Reasons to Purchase this Report

  • How are the high initial costs hindering the growth at a global market scenario?
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Which solutions and type surgical robots are expected to dominate the market?
  • Which regions are expected to witness the fastest growth during the forecast period?
  • Identify the latest developments, market shares and strategies employed by the major market players.
  • Three months analyst support along with the Market Estimate sheet in excel.

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    Finally, the report Global Surgical Robots Market 2020 describes the Surgical Robots industry expansion game plan, the Surgical Robots industry knowledge supply, appendix, analysis findings, and the conclusion.

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