Latest healthrobot news
The surgical robots market is likely to almost double in size over the next five years, from $6.7bn in 2020 to $11.8bn by 2025.
The key drivers behind this growth are the technological advancements in surgical robots, the increasing adoption of surgical robots, the various advantages of robotic-assisted surgery and the increase in funding for medical robot research.
What’s more, instruments and accessories are estimated to account for the largest share of the market, by product & service, in 2020.
General surgery is the most common application area of the global market.
The market is segmented into general surgery, urological surgery, gynecological surgery, orthopedic surgery, neurosurgery, and other applications based on applications. The general surgery applications segment is estimated to command the largest share of the market in 2020, and this segment is also projected to register the highest CAGR owing to increased use of surgical robots in general procedures such as bariatric surgery, Heller myotomy, gastrectomy, hernia repair, cholecystectomy, transoral surgery, and pancreatectomy.
While North America is expected to dominate the global market in 2020, the Asia Pacific region is expected to register the highest CAGR during the forecast period. The high growth in this region can be attributed to the increasing demand from key markets such as Japan and China and the large patient population in India. Due to this, the availability of robots has also grown in this region.