Delaware, U.S. – Several countries in the Asia Pacific region including South Korea, Japan, and China, have, over the years, been depicting increasing investments in the development of the healthcare infrastructure. This is further indicating robust opportunities for the expansion of the surgical robots market share in the near future.
Speaking of the which, the surgical robots market size, worldwide, is estimated to surpass USD 13.8 billion by 2027, claims the latest study by GMI
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This upsurge can be attributed to the rising popularity of robotics technology in operating rooms. The technology offers surgical teams with new tools that can help in speeding up surgeries and improvement of patient outcomes. Furthermore, some surgical robotic companies and medical institutes are taking keen interest in providing training to medical personnel regarding the use of latest equipment in the industry.
One such instance is Cedars-Sinai that provides quarterly robotic surgery bootcamps in The Women’s Guild Simulation Center for Advanced Skills. These training sessions offer medical fellows and residents with the opportunity to be trained on the newest equipment under the guidance of experienced leaders in the field.
Apart from such initiatives, the surgical robots industry share is set to exhibit considerable growth from gynecology surgeries. The segment was valued at USD 1.3 billion in 2020 and is expected to record commendable growth through 2027 owing to their various benefits. The expansion is also credited to the availability of an array of surgical robots for the performance of general procedures.
While on topic, APAC accounted for over 20% of the total surgical robots industry revenue in 2020 and will further grow at a remarkable rate owing to the rising adoption of robot-assisted surgeries in the region. The continent is also witnessing a rising requirement for orthopedic and general surgeries, demonstrating the demand for various types of robotic surgery in the region. These factors are set to impel the growth of the industry in the APAC over the analysis period.
The surgical robots market from robotic systems recorded a revenue of almost USD 1.3 billion in 2020. The segment is slated to register appreciable gains by 2027, given that robotic systems are equipped to perform critical procedures and surgeries with utmost precision
That apart, there is a rising demand for robotics systems for the performance of minimally invasive surgical procedures due to numerous advantages such as lesser recovery time, improved accuracy, low risk of post-operative complications, and less errors.
Surgical robots are also in high demand in hospitals. The segment accounted a share of over 70% of the total surgical robots market revenue in 2020 and is expected to record almost triple the valuation by 2027.
This rise is mainly attributed to the cost of the surgical robots. Given that these systems are highly expensive, it has been observed that they could be purchased or leased by big hospitals. Also, the operation of these advanced systems require professional experience and training.
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Escalating expenditure on healthcare in emerging economies and the presence of favorable government policies across various regions will escalate surgical robots market size in the years to come.