Global Robotic Surgery Market-Segment Analysis

1. Robotic Surgery Market 2020 Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2026 The global robotic surgery market was valued at USD 4.1 billion in 2018 and is expected to reach USD 8.2 billion in 2026, growing at a CAGR of 9.6% during the forecast period. Growing adoption of advance surgical options, increasing incidence of chronic diseases and growing demand for non-invasive surgical options drive the growth of the Robotic surgery market Robotic surgery is a non-invasive surgical procedure which is performed using a robotic-arms, surgeons console and a monitor equipped with tools and software. The robotic arms are equipped with the required instruments and accessories to perform the surgery. The robotic surgery is majorly performed for general surgeries such as bariatric surgery, hernia repair, gastrectomy; orthopaedic surgery, gynaecological surgery, urological surgeries, and neurosurgery. Currently, around 85% of the prostatectomies are performed using robotically assisted minimally invasive surgeries in the US. Get Sample Copy @https://www.alltheresearch.com/sample-request/220 Rising demand for advanced and non-invasive surgical options for hernia repair, orthopaedic diseases, and bariatric surgery boosts the adoption of robotic surgical systems across the globe. The growth of this market is attributed to the increasing government expenditure to develop healthcare infrastructure, increasing incidence of chronic disease which needs surgical solutions and increasing geriatric population with orthoepic disease. Also, favorable government regulation and reimbursement policies are likely to boost the adoption of robotic surgery in developed and developing economies during the forecast periods. On the other hand, the high cost associated with the installation and maintenance of robotic systems, availability cheaper surgical alternatives, lack of trained professionals might hinder the growth of this market to some extent. Also, negative perception towards robotic surgeries such as its efficacy and patients safety might result in the decreased demand for robotic surgery in the near future. Key Findings:

2. •Based on component, the instruments and accessories segment are expected to grow at the highest CAGR of around 18% during the forecast period •Based on application, the general surgery segment is accounted for the largest share in the market in 2018 •Based on end user, the hospital segment accounted for 70% of the market in 2018 and expected to dominate the market throughout the forecast period •North America accounted for around one third of the share of the global robotic surgery market in 2018 The Covid19 pandemic is causing a ripple effect on the global economy and we are analyzing its impact on markets – both from the supply side and the demand side. With the entire ecosystem in view, we are mapping strategies necessary to survive and thrive in this scenario. Connect with our Analyst to understand the impact and be smart in redefining business strategies. https://www.alltheresearch.com/impactC19-request/220 Recent News: •In Sep 2019 Medtronic unveils its robot-assisted surgery platform to investors •In Jun 2019, Medical device company Medtronic is partnering with Germany’s Karl Storz to boost its planned surgical robotic surgery platform. •In Mar 2019, Smith & Nephew announced a product launches and investments that establish its multi-asset digital surgery and robotic ecosystem i.e. NAVIO 7.0 is the next version of Smith & Nephew’s handheld robotic surgical system. About AlltheResearch: AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision- making made us realize, that it’s not just sheer data-points, but the right analysis that creates a difference. For all your Research needs, reach out to us at: 39180 Liberty Street Suite 110, Fremont, CA 94538, USA

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