The global surgical robotics market is anticipated to grow at a robust CAGR of 10.7% during the forecast period 2019-2029.
According to a new market intelligence report by BIS Research, titled “Global Surgical Robotics Market - Analysis and Forecast, 2019-2029”, The global surgical robotics market is expected to grow with a robust CAGR of 10.7% during the forecast period, 2019-2029. The market for surgical robotics generated $4,711.1 million in 2018, in terms of value and is anticipated to reach $15,430.7 million by the end of 2029.
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The growth is projected, owing to the growing geriatric population, rising incidence of chronic disorders, increasing healthcare spending, and increasing aid from governments, among others. The market is anticipated to grow at a significant CAGR, during the forecast period, owing to opportunities, such as the immense scope for outstanding profits through several investments, integrative collaboration of industry and academia, development of technologically advanced products, and novel clinical applications within its domain.
However, there a significant number of challenges, including dearth of skilled professionals, along with high cost of surgical robotic systems and the associated surgical procedures.
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Some major market players such as Intuitive Surgical, Inc.
and Stryker Corporation, dominate the majority of the market share by using their well-established distribution, marketing, and service channels.
Key Questions Answered in this Report:
- How has the market evolved from the past five years, and what are the awaited technological advancements in the field of surgical robotics?
- What are the major market drivers, challenges, and opportunities in the global surgical robotics market?
- What are the underlying structures resulting in the emerging trends within the surgical robotics industry?
- What was the market value of the leading segments of the global surgical robotics market in 2018?
- What are the influencing factors that may affect the market share of the key players?
- How is the expected to industry evolve during the forecast period 2019 - 2029?
- What are the key developmental strategies which are implemented by the key players to sustain in the competitive market?
- What is the current market share of each of the companies in the global surgical robotics market and what are expected to be their contributions in 2029?
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