Robotic surgeries are technological developments that use robotic systems for assisting in surgical procedures. Robot-assisted surgeries are developed for enhancing the capabilities of surgeons that perform open surgery. The global robotic surgeries market is estimated to grow at a considerable rate during the forecast period. Increasing R&D activities in order to enhance healthcare services is one of the major factors contributing to the growth of the global robotic surgeries market. In addition, large patient pools will surge the demand for robotics in surgical procedures in developed as well as developing companies. Additionally, an increasing number of surgeries due to rising chronic diseases globally will further give a boost to the growth of the global robotic surgeries market.

However, due to high capital cost and low investment, affordability in low-income economies is difficult, which as a result acts as a barrier for the adoption of robot-assisted surgeries. In addition, the lack of high skilled labor further represents another major challenge in the global robotic surgery market. Despite these challenges, factors such as increasing demand for minimally invasive surgeries will result in the development of technologically advanced surgical robots, which in turn, will create ample opportunity for the growth of the global robotic surgeries market during the forecast period. For instance, in 2018, Intuitive Surgical launched da Vinci single-site technology that provides multiport, single-incision surgical procedures, thereby enhancing its acceptability among physicians and patients.

The global robotic surgeries market is segmented on the basis of end-user and application. Robotic surgeries are widely adopted in the different end-user industry such as hospitals and clinics, research institutes, and ambulatory surgical centers. Among these, hospitals and clinics segment is expected to contribute a significant share in the overall market. The factor contributing to the segmental growth of the market include an increasing number of surgeries owing to the rising prevalence of chronic diseases. Surgical robots offer precision and improve the quality of surgery; hence, reduce the hospital stay of the patients. Further, on the basis of application, the market is segmented into ophthalmology surgery, cardiovascular surgery, neurovascular surgery, oncology surgery, and others.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world. Among these, North America held a significant share in 2018. The factors contributing to the regional growth of the market include increasing adoption of robotic-assisted surgical instruments, a significant number of hip and knee replacements and rising incidences of life-style oriented diseases in the region. Further, the presence of major players such as Intutive Surgical Inc., Globus Medical Inc., and Zimmer Biomet Holdings Inc., further gives a boost to the regional growth of the market.

Moreover, the study of the global surgical report includes the analysis of several players operating in the market. Some of the major players contributing significantly to the growth of the market include Medtronic PLC (Mazor Robotics Ltd.), Johnson and Johnson (Auria Health Inc.), Zimmer Biomet Holdings Inc., Stryker Corp., Intutive Surgical Inc., Accuray Inc., and others. Merger and acquisition is one of the major growth strategies adopted by market players to enhance their market value. For instance, In April 2019, Johnson & Johnson through its subsidiary Ethicon, Inc., has completed the acquisition of Auris Health, Inc. for around $3.4 billion.

Research Methodology

The market study of the global robotic surgeries market is incorporated by extensive primary and secondary research conducted by a research team at OMR.  Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Authentic Public Databases such as the National Institute of Health
• Whitepapers, research-papers and news blogs
• Company websites and their product catalog

The report is intended for healthcare institutions, healthcare service providers, medical device companies, surgical instruments manufacturers, research institutes, investing companies, venture capitalists, and government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global Robotic Surgeries Market Research and Analysis by End-User
2. Global Robotic Surgeries Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the global robotic surgeries market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global robotic surgeries market.
• Insights about market determinants which are stimulating the global robotic surgeries market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.