How Big is the Robot-Assisted Surgical Medical Device Market?

The Global Robot-assisted Surgical Devices (RASD) Market is projected to grow at a CAGR of around 10.59% during the forecast period, i.e., 2022-27. During the historical years, robotic surgery has grown exponentially, owing to clinical benefits such as being minimally invasive, causing lesser pain as compared to conventional surgery, and offering faster recoveries for patients. Simultaneously, surgeons using robotic technologies have benefited from being able to perform surgeries in a more comfortable position with greater visualization & precision. However, in the near future, newly developed robotic systems may be able to conquer even the most difficult fields, such as neurosurgery, cardiovascular surgery, and microsurgical procedures. The evolution of robot-assisted surgical procedures has witnessed significant technological advancements since its adoption in minimally invasive surgeries & other complex procedures. The overall landscape of the healthcare sector is changing tremendously to improve or maintain a high quality of treatment while lowering the cost.

Market Statistics

• Market Growth Rate (CAGR): 10.59% from 2022-2027

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Robot-Assisted Surgical Medical Device Market Insight:

Driver-

Rising Demand for Minimally Invasive Surgical Procedures to Escalate the Market Growth

From complex vascular procedures to gynecological procedures, surgical robotics has found its application in various surgical procedures. The rising inclination of the patients toward minimally invasive surgeries on account of the reduced hospital stay, patient recovery time, lesser patient trauma, and post-operative pain has positively contributed to the growth of the Robot-assisted Surgical Devices market. Therefore, the surgical robotics market is anticipated to witness considerable growth in the upcoming years as the demand for minimally invasive surgical procedures propels.

 Robot-Assisted Surgical Medical Device Market Segmentation:

The report has segmented the market into the following categories:

By Application

• Gynaecological Surgery
• Cardiovascular Surgery
• Neurosurgery
• Orthopaedic Surgery
• Urology Surgery
• Other (Colorectal, Ear Nose Throat(ENT), etc.)

By End User

• Hospitals
• Ambulatory Surgery Centres

By Region

• North America
• South America
• Europe
• The Middle East and Africa
• Asia-Pacific

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Competitive Landscape:

• Medtronics PLC
• CRM Surgical
• Stryker Corporation
• Johnson & Johnson (Auris Health)
• Intuitive Surgical Inc.
• Titan medical
• THINK Surgical Inc.
• Asensus Surgery (Formerly: TransEnterix Surgical)
• SRI International Inc.
• Renishaw PLC
• Smith & Nephew PLC
• Brainlab
• NuVasive Inc.
• Synaptive Medical
• Others.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

• Market Performance (2022-2027)
• Strategic Recommendations
• Current, Historical and Future Market Trends
• Market Drivers and Leading Competitor
• SWOT Analysis
• Structure of the Market
• Comprehensive Mapping and Recent Advancement

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