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The “Surgical Robots Market Size, Share & Trends Analysis Report by Application (Orthopedics, Neurology, Urology, Gynecology), by Region (North America, Europe, Asia Pacific, LATAM, MEA), and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
The global surgical robots market size is expected to reach USD 18.2 billion by 2030 and is expected to expand at a CAGR of 19.3% from 2022 to 2030
Growing adoption of automated minimally invasive surgery and increasing awareness to use robotic procedures due to the potential benefits provided by these surgeries are the factors positively contributing to the growth of the market. Moreover, the increasing penetration of international players in various geographies is expected to boost the market growth over the forecast years.
Further, technological advancements in medical procedures and the growing acceptance of automated surgical equipment in healthcare institutions are anticipated to accelerate the penetration of surgical robots over the years. The increasing prevalence of several cancers, tumors, and spine disorder conditions is also one of the pioneering factors expected to propel the acceptance and adoption of surgical robots, thereby fueling growth.
Based on application, the market is segmented into urology, orthopedics, neurology, gynecology, and others. The others segment comprises the robots that are used in oncology, laparoscopy, and various other surgeries. The others’ segment dominated the market with a revenue share of over 30.0% in 2021.
The segment growth is attributed mainly to the increasing usage of advanced automated instruments in cancer and tumor surgeries. In addition, successful outcomes from automated surgical procedures and shortage of surgeons and healthcare professionals are boosting the adoption and growth.
North America dominated the market with a revenue share of over 50.0% in 2021. This is mainly due to the increasing advancement of medical…
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