MarkNtel Advisors presents a comprehensive research report on the Robot-Assisted Surgical Medical Device Market Size, Share, Analysis, Future expected to reach CAGR of 10.59% by 2027. Delving into thorough analysis of the industry’s changing dynamics, growth drivers, challenges, key trends, and lucrative opportunities. This study aims to provide stakeholders in the market with detailed insights, enabling them to make informed and strategic decisions that will yield higher revenues in the coming years. With a focus on delivering value, the report covers a wide range of aspects, ensuring a holistic understanding of the market landscape.

Unlocking Market Insights: Exploring Key Aspects in the Robot-Assisted Surgical Medical Device Market Report (2022-2027)

• It analyzes the fluctuations in revenue across different segments and geographical regions, considering the evolving trends and purchasing patterns of end-users.
• The report highlights key developments, including the introduction of new services, expansion of product portfolios, revenue generation strategies of major players, stakeholder investments, and the role of governments.
• Additionally, it offers an unbiased overview of market trends, innovations, technological advancements, and fluctuations, as observed by industry experts.
• To ensure reliable data generation and analysis, the report utilizes tools such as SWOT (Strengths, Weaknesses, Opportunities, Threats) and PESTLE (Political, Economic, Social, Technological, Legal, and Environmental) analysis.
• The competitive landscape section of the report showcases the dynamic strategies employed by leading players to enhance profit margins and expand their market presence across different regions.

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Market Dynamic

Key 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.

Possible Restraint: Shortage of Skilled Professionals to Hinder the Market

The shortage of skilled professionals is one of the common factors that is hampering the growth of the Surgical Robotics market. This market has witnessed an increase in the number of patients worldwide. This can currently be observed in a healthcare landscape, where the volume of surgical procedures is increasing faster than the rate at which new surgeons are entering the field. However, several players, such as Mimic Technologies, Inc. & 3D Systems Corporation, offer a simulation-based training curriculum that can be customized based on simulation & surgical review to minimize the training hours required to maximize performance. Moreover, every surgical robotic system manufacturer provides dedicated training sessions & modules to the surgeons regarding the use of the system in an efficient manner.

Growth Opportunity Development of Low-cost Surgical Robotic Systems to Create a Great Opportunity for the Market

Artificial intelligence in surgical robotic systems will give companies new opportunities to make work safer, increase productivity, and save the valuable time of the end-users. Artificial intelligence is an attempt to eliminate or even minimize the risk of human error. Robot-assisted surgical devices that are enabled with artificial intelligence offer high accuracy in assisting microsurgical procedures in reducing the variations that could affect the health of the patients. In addition, several surgical robotic manufacturers are heavily investing in integrating the benefits of artificial intelligence in their surgical robotic systems.

In 2018, Asensus Surgical, Inc. acquired all the assets of MST Medical Surgery Technologies Ltd. (Israel), a developer of a software-based image analytics platform, by utilizing scene recognition, advanced visualization, machine learning, data analytics, and artificial intelligence. Through this acquisition, Asensus Surgical, Inc. Inc. would implement the technologies of MST Medical Surgery Technologies Ltd. in its Senhance Surgical Platform to accelerate & advance the benefits of digital laparoscopy to patients.

The competitive landscape of the Robot-Assisted Surgical Medical Device Market depicts the dynamic scenario among industry players, highlighting their market positions, strategies, and initiatives. It encompasses an analysis of key competitors, their strengths, weaknesses, opportunities, and threats (SWOT analysis). The report also sheds light on the market share, product offerings, business expansion, collaborations, mergers and acquisitions, and other strategic activities undertaken by these players to gain a competitive edge. Additionally, it examines the competitive intensity, market barriers, and potential entry of new players, providing a comprehensive understanding of the market’s 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

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Segmentation Unveiled: Analyzing Robot-Assisted Surgical Medical Device Market’s Expansion and Mapping Demand, and Distribution across Geographies

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

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On the geographical front, the Robot-Assisted Surgical Medical Device Market expands across:

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia Pacific

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