Global Surgical Robots Market to Expand at A Rapid CAGR of 21.4% Due to Growing Adoption of Procedure-specific Surgical Robots

According to a report published by Fortune Business Insights, titled “Surgical Robots: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 1,463.0 Mn in 2018. Fortune Business Insights predicts that the Surgical Robots Market will reach US$ 6,875.1 Mn by 2026, thereby exhibiting a CAGR of 21.4% during the forecast period.

In the past decade, surgeries have evolved substantially. There has been a gradual shift from human surgeries to robot-assisted procedures. The advantages of surgical robots have led to huge demand among end users as well as surgeons across the world. Surgical robots possess the ability to perform complex surgical procedures and in some cases, the ability to access places which are difficult for humans to reach, will create a huge demand for these products across the world. The demand for automation in healthcare due to increasing surgical efficacies will contribute to the growth of the global surgical robots market. Additionally, factors such as increasing geriatric population and high prevalence of chronic diseases requiring complex surgeries will aid the growth of the global surgical robots market in the forthcoming years. The report provides a host of factors that have contributed to an increase in the global surgical robots market value, along with the ongoing challenges that are being faced by the surgical robot market companies. Besides, the report identifies leading companies in the market and gauges the impact of these companies on the growth of global market.

Advent of Procedure-specific Robots to Boost Market Growth

The demand for surgical robots has risen significantly in recent years due to the demand for improvement in surgical efficacies and an increasing number of clinical trials. The manufacture of procedure-specific surgical robots has witnessed high demand the past decade, which in turn is likely to favor the growth of the global surgical robots market. In February 2019, Intuitive Surgical Inc. received usage approval from the Food and Drug Administration (FDA) for its Ion system. The device helped surgeons conduct minimally invasive biopsies within the inner layers of the lung. The lung-specific device gained massive popularity among surgeons and the FDA approval for this product has aided the growth of the global surgical robots market. Additionally, the rising demand for surgical robots by medical professionals and surgeons will favor the growth of the global market in the forthcoming years.

To get a detailed report summary and research scope of this market, click here:   https://www.fortunebusinessinsights.com/industry-reports/surgical-robots-market-100948

Increasing Focus on R&D of Surgical Robots for Cancer Treatment to Enable Growth of Asia Pacific Market

The growing investment in research and development of surgical robots aimed at the treatment of cancer have created massive growth opportunities for the surgical robots market in North America. According to the American Heart Association, around 98 million adults in the US were suffering from different types of cardiovascular disease in 2016. The high prevalence of cardiovascular devices will help the growth of minimally invasive surgeries through surgical robots. Fortune Business Insights states that the surgical robots market in North America was valued at US$ 1,045.5 Mn in 2018 and is likely to expand in the coming years.

Fortune Business Insights has profiled some of the companies that have accounted for significant growth of the global surgical robots market. Some of the leading companies that are operating in the market are Intuitive Surgical Inc., Medtronic, Stryker, Smith & Nephew and Zimmer Biomet.

The global surgical robots market is segmented based on: