AP NEWS

Global $10.97 Billion Surgical Robots Market by Component, Area of Surgery and Region - Growth, Trends and Forecasts (2018-2023) - ResearchAndMarkets.com

December 18, 2018

DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Global Surgical Robots Market - Segmented by Component (Surgical System, Accessory, and Service), Area of Surgery (Gynecological, Cardiovascular, Neurosurgery, Laparoscopy, and Urology), and Region - Growth, Trends, and Forecasts (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

In 2017, the global surgical robots market was valued at USD 3,556.9 million and is expected to reach a value of USD 10,973.2 million by 2023, registering a CAGR of 21.9% during 2018-2023 (the forecast period).

The factors, such as rising need for automation in the healthcare sector, increasing incidences of chronic diseases, growing geriatric population, the complexity of surgical procedures, and the growing demand for non-invasive surgeries with more precision and flexibility, are driving the market growth.

Robot-assisted surgery has witnessed a 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. Also, it has been helping in the reduction of the duration of hospital stays and rates of infection.

Key Highlights

High Initial Costs Stand as a Major Challenge Robot-Assisted Laparoscopy is Being Adapted at a Faster Pace Asia-Pacific on the Fast Track

Topics Covered

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. Global Surgical Robots Market - Segmented By Component

6. Global Surgical Robots Market - Segmented By Area of Surgery

7. Global Surgical Robots Market - Segmented By Geography

8. Vendor Market Share Analysis

9. Competitive Intelligence - Company Profiles

10. Investment Analysis

11. Future of the Market

Companies Profiled

Intuitive Surgical Inc. Stryker Corporation Verb Surgical Inc. MDA Corporation Renishaw SRI International Inc. Accuray Inc. Think Surgical Inc. Hansen Medical Inc. Mazor Robotics Ltd. Smith & Nephew

For more information about this report visit https://www.researchandmarkets.com/research/d6dd2z/global_10_97?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181218005561/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T. Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Robotics

KEYWORD:

INDUSTRY KEYWORD: SURGERY HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/18/2018 10:23 AM/DISC: 12/18/2018 10:23 AM

http://www.businesswire.com/news/home/20181218005561/en

AP RADIO
Update hourly