The medical robotic surgery market is expected to grow from approximately US$6 billion in the year 2022 more than US$11.5 billion by the year 2025.
The medical robotic surgery market is expected to grow from approximately US$6 billion in the year 2022 more than US$11.5 billion by the year 2025. The compounded annual growth rate is expected to touch near about 12% during these years. The basic factors responsible for the growth of surgical robot can be advancements in technology along with the advantages provided by robotic-assisted surgeries and wide acceptance by the people as well as hospitals.
Following are some of the key insights about this market:
-The instruments segment is expected to grow significantly during the whole period: Depending upon products and services the global market can be segmented and categorized into robotics systems, accessories, instruments and the several services provided by them. All the instruments and accessories occupy the largest share in this market. The wide acceptance of all the instruments and accessories is the major factor which promotes the growth of this and is considered to be a single time investment.
-The surgery segment is the highest growing sector in the application-based segmentation: Under the application-based category generates surgery, get a logical surgery, orthopaedic surgery, neurosurgery all are various components. Among all of the general surgery okay bye is the largest share. The growth can be given the credit of surgical robot usage and general procedures along with various other procedures like transoral surgery and pancreatectomy.
-Hospitals are expected to grow a lot in this market: based on end-user approach the market can be segmented into the abilities of three centres and the hospitals. The demand for the surgical robot is in the hospitals is increasing because of the precision and accuracy provided by such robots which can also provide comfort to the surgeons.
-North America holds the greatest share in this market: based on the categorization of the four regional segments which are Asia-Pacific, Europe, North America and the rest of the world, North America okay bye is the largest share. The major factors fuelling its growth are the current investments made by companies and the wide acceptance of surgical robot is at the time of conducting surgery procedures.
All the key marquee players in this sector and market have invested a lot of funds into research and development so that they can satisfy the ultimate users. Based on the product and service it can be segmented into the services, robotic systems and accessories. Based on the end-user this market can be segmented into the hospitals and ambulatory surgery centre. Based on the categorization of application it can be classified into neurosurgery, orthopaedic surgery, general surgery, neurological surgery, gynaecological surgery and many more applications. Based on the categorisation of application it can be classified into neurosurgery, orthopaedic surgery, general surgery, urological surgery, gynaecological surgery and many more applications.
According to the medical robotics global report in the years to come this market is expected to witness a great growth because of the advancements in technology and several products which are undertaken by several companies in this industry. The sequencing costs will be significantly reduced which will help to provide a great impact on the overall market.
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