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Robotic Surgical Procedures Market

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Robotic Surgical Procedures Market to Worth USD 13271.6, Extensive use of Robotic Systems across Diverse Industries to Fuel Demand – PowerPoint PPT presentation

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Title: Robotic Surgical Procedures Market


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Pune, India, 10th May 2019 The global robotic
surgical procedures market is anticipated to
reach USD 13271.6 Mn by 2025 as per a report
published by Fortune Business Insights. According
to the report, titled Robotic Surgical
Procedures Market Size, Share and Global Trend By
Product Type (Gynecology, Urology, General
Surgery, Orthopedics and Others) and Geography
Forecast till 2025, the market covered a value
of USD 3912.2 Mn in the year 2017. Furthermore,
growing preference for minimally-invasive
surgical procedures is expected to encourage the
global market exhibit a remarkable CAGR of 16.6
by 2025. The report also mentioned that
technological developments in surgical robots
will propel growth of the market. Gynaecology
Emerges as Most Preferred Area in Robotic
Surgical Procedures The gynaecology segment is
likely to gain significant momentum and lead the
global market over the forecast years. Fortune
Business Insights reports that this segment
covered a share of 28.7 and is expected to
account for the highest share in the market by
2025. The report observed that this segment is
leading on account of an extensive use of
robotic-assisted surgical procedures in the
healthcare sector. Besides gynaecology, the
orthopaedics segment is also projected to grow
at a higher CAGR in the forecast years. This is
ascribable to the rising number of product
innovations in orthopaedics area. Presently, the
number of orthopaedic surgeries conducted via
robotic surgical machines is very low. With the
rising incidence of bone injuries, the number is
expected to increase in the coming years. Asia
Pacific to Upscale its Operations with Majority
of the Revenue Generated from China and
India North America is anticipated to remain
dominant till 2025 in the global robotic surgical
procedure market. The market in this region was
worth US 3070.7 Mn in the year 2017 and it is
likely to grow with the increasing adoption of
robotic surgical instruments and systems. The
penetration of robotics is higher in the
countries of North America than other regions.
This is likely to create growth opportunities
for the market in the forthcoming years. The
market in Asia Pacific is also expected to grow
with the increasing adoption of robotic surgical
systems especially in China and India. The
regions growth is also attributable to
increasing western partnerships so as to enhance
healthcare facilities. In addition to this,
governments are expected to collaborate with
regional institutions to develop surgical
robots. Increasing Need for Automation in
Healthcare to Influence Overall Growth The
healthcare industry is transforming with the
introduction of technological developments such
as 3D imaging sensors, microscopic cameras, and
robotic surgical instruments, says a lead
analyst at Fortune Business Insights. This is
further expected to enhance surgical outcomes and
drive the market over the next few years, he
added. Automation is emerging in healthcare
industry as it reduces the requirement for human
work and optimizes clinical outcomes. It is
further expected to improve operational
efficiency and reduce cost, thus boosting the
market. The introduction of new and economical
surgical robots in developed and developing
countries
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stimulate growth in the market. Hospitals across
the world are likely to adopt robotic surgical
equipment in the coming years, which in turn, may
offer tailwinds to the market. Mounting Costs of
Robotic Surgeries May Impede the Growth Some
countries are not able to afford the high costs
associate with robotic surgical procedures. The
high cost involved in robotic systems may
therefore restrict the markets growth. In
addition to this, increasing cases of mortality
while conducting robotic surgeries pose a serious
threat to the market in the coming years. Be it
as it may, some of the developing economies such
as China, India, and Brazil are expected to
create impressive growth opportunities in the
market by 2025. Intuitive Surgical Inc. Emerges
Dominant at a Global Scale The robotic surgical
procedures market is likely to be dominated by
Intuitive Surgical Inc. as per revenue. In 2017,
the company was leading with more than half of
the share in the global market. This is
primarily on account of high installed base in
countries such as the U.S. and some countries in
Europe. Furthermore, the companys Da Vinci
family of robotic surgical systems is
continuously receiving approvals regarding new
areas of application. Another leading company in
the market is Stryker owing to its acquisition
of another company called MAKO Surgical Corp. in
the year 2013. Some of the other leading
companies operating in the global market include
Medtronic, Zimmer Biomet, Accuray Incorporated,
Smith Nephew, CMR Surgical Ltd., Verb Surgical
Inc., and Avatera Medical GmbH. Browse Complete
Report https//www.fortunebusinessinsights.com/in
dustry-reports/robotic-surgical-procedures-market-
100124
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to navigate through
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