Market Size – The surgical robot accessories market size has grown rapidly in recent years. It will grow from $4.31 billion in 2023 to $4.92 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to miniaturization and material science, connectivity and data integration, healthcare policies and reimbursements, safety and quality standards, and surgeon and patient demand.
The surgical robot accessories market size is expected to see rapid growth in the next few years. It will grow to $8.50 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to the increasing adoption of robotic surgery, healthcare infrastructure development, cost reduction and efficiency, training and education programs, and economic and geopolitical stability. Major trends in the forecast period include miniaturization and wireless connectivity, interoperability and modular design, sterilization and reusability, haptic feedback and tactile sensing, and voice and gesture control.
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Scope Of Surgical Robot Accessories MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Surgical Robot Accessories Market Overview
Market Drivers –The rising number of surgical procedures is expected to propel the growth of the surgical robot accessories market going forward. Surgical procedures refer to medical operations performed by surgeons to treat diseases, injuries, or other health conditions. The number of surgical procedures is on the rise due to increasing prevalence of chronic diseases, advancements in medical technology, and a growing preference for minimally invasive surgeries. Surgical robot accessories are essential components utilized in surgical procedures to enhance precision, visualization, and efficiency in minimally invasive surgeries. These tools also enable surgeons to perform delicate and intricate procedures with a higher degree of accuracy than traditional methods. For instance, in January 2023, according to a report published by the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based professional non-governmental organization, there was a 19.3% overall increase in procedures performed by plastic surgeons in 2021 from the previous year, with more than 12.8 million surgical procedures performed worldwide. Therefore, the rising number of surgical procedures is driving the growth of the surgical robot accessories market.
Market Trends – Major companies operating in the surgical robot accessories market are focusing on developing technologically advanced solutions, such as robotic microsurgery simulators, to expand their microsurgical skills through robotics. A robotic microsurgery simulator is a specialized training tool designed to replicate the intricate procedures of microsurgery using robotic systems. For instance, in May 2022, Medical Microinstruments (MMI) SpA, an Italy-based medical robotics company, launched its Symani Surgical System Simulator for robotic microsurgery. This innovative product offers unique features such as lifelike haptic feedback, advanced virtual reality scenarios, and personalized performance analytics, catering to the specific needs of surgeons training in robotic microsurgery. The simulator will improve, broaden, and digitize Symani training routes as surgeons prepare to expand their microsurgical skills using robotics. MMI’s Symani Surgical System is the only microsurgery robot with wristed devices that allow surgeons to better access and stitch small, fragile anatomy.
The surgical robot accessories market covered in this report is segmented –
1) By Type: Instrument, Accessories
2) By Application: Orthopedics, Neurology, Urology, Gynecology, Other Applications
3) By End-Use: Inpatient, Outpatient
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Regional Insights – North America was the largest region in the surgical robot accessories market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical robot accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the surgical robot accessories market are Johnson & Johnson, Stryker Corporation, Titan Medical Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, Sina Robotics and Medical Innovators Co Ltd., Intuitive Surgical Inc., MicroPort Scientific Corporation, Renishaw plc, CMR Surgical Limited, Noah Medical Inc., THINK Surgical Inc., Vicarious Surgical Inc., Distalmotion SA, OmniGuide Holdings Inc. , CUREXO Inc., Human Xtensions Ltd., OMNIlife Science Inc., Moon Surgical Inc., Verb Surgical Inc., Corindus Vascular Robotics Inc., AdEchoTech, Biobot Surgical Pte Ltd., Medicaroid Corporation, Asensus Surgical Inc.
Table of Contents 1. Executive Summary2. Surgical Robot Accessories Market Report Structure3. Surgical Robot Accessories Market Trends And Strategies4. Surgical Robot Accessories Market – Macro Economic Scenario5. Surgical Robot Accessories Market Size And Growth…..27. Surgical Robot Accessories Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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