Surgical Robots Market Report (2024-2033)- Segmentation, Key Trends, Growth Rate, Industry Demand And Key Players Analysis | Stryker Corporation, Medrobotics Corporation, Smith & Nephew PLC, TransEnterix Inc., Renishaw PLC.

The Surgical Robots Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company’s illuminating Surgical Robots Global Market Report of 2024, the landscape of surgical robotics has undergone a remarkable evolution. The market’s exponential ascent, reaching $8.14 billion in 2024 and projected to soar to $9.71 billion with a robust Compound Annual Growth Rate (CAGR) of 19.3%, is intricately linked to factors such as the burgeoning prevalence of chronic ailments, a burgeoning aging demographic, heightened precision and accuracy demands, augmented healthcare expenditures, and a surge in robotic-assisted procedures.

Foretelling the trajectory, the surgical robots market is poised for even greater expansion, anticipating a formidable upswing to $20.28 billion by 2028, supported by a compelling CAGR of 20.2%. The impetus behind this anticipated surge lies in multifaceted factors, including the broadening scope of robotic surgery applications, heightened adoption rates in burgeoning markets, a burgeoning appetite for remote surgical solutions, the prevailing trend of customization and personalization, and the pivotal role of regulatory approvals and standards. Anticipated trends encompass the integration of artificial intelligence for surgical precision, the ascendancy of miniaturized surgical robots, the advent of telesurgery and remote surgical capabilities, the burgeoning utilization of robotics in non-invasive procedures, and the integration of haptic feedback technology.

The increasing elderly and surgical patient populations are expected to propel the growth of the surgical robot market going forward. The growing elderly and surgical patient populations substantially impact the use and development of surgical robots. Minimally invasive procedures performed by surgery robots are used to reduce patient trauma, shorten recovery times, and cut complication rates. These benefits are critical for aged people to lower mortality and morbidity rates. For instance, according to October 2021 published factsheet by World Health Organization, a Switzerland-based governing body, there will be 1.4 billion individuals over the age of 60 in the world by 2030. Further, according to the American Joint Replacement Registry’s 2022 Annual Report, released on November 2022, hip and knee arthroplasty cases in the US reached around 2.8 million in 2022, an increase of 14% from 2021. Therefore, increasing elderly and surgical patient populations drive the surgical robot market.

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The surgical robots market covered in this report is segmented –
1) By Component: Systems, Accessories, Services
2) By Surgery Type: Gynecology Surgery, Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Other Surgeries
3) By End-Users: Clinic, Hospital, Ambulatory Care Centers, Other End Users

Top 5 Major Players:

Transitioning to the domain of temperature management systems, wearable technology is undergoing a rapid metamorphosis, emerging as the avant-garde trend in this sector. The deleterious effects of heat generated from power consumption, manifesting as circuit malfunctions and low-temperature burns to users, necessitate innovative solutions. Researchers are propounding advanced thermal management methods utilizing wearable devices with enhanced performance. A paradigmatic example is the Embr Wave by Embr Labs, a pioneering watch or bracelet, functioning as a personal thermostat. This wearable device ingeniously regulates the wearer’s body temperature based on individual preferences, heralding a new era in personalized thermal comfort.

The surgical robots market report table of contents includes:
1. Executive Summary
2. Surgical Robots Market Characteristics
3. Surgical Robots Market Trends And Strategies
4. Surgical Robots Market – Macro Economic Scenario
5. Global Surgical Robots Market Size and Growth.

……

31. Global Surgical Robots Market Competitive Benchmarking
32. Global Surgical Robots Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Surgical Robots Market
34. Surgical Robots Market Future Outlook and Potential Analysis
35. Appendix

List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Surgical Robots Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Surgical Robots Market, Segmentation By Surgery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Surgical Robots Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 74: Stryker Corporation Financial Performance
Table 75: Medrobotics Corporation Financial Performance
Table 76: Smith & Nephew plc Financial Performance
Table 77: TransEnterix Inc. Financial Performance
Table 78: Renishaw plc Financial Performance

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