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Surgical Robots Market Trends

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Report ID: 3875
Published Date: Aug 22, 2024
Report Format: PDF, PPT

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Surgical Robots Market Trends

Growth Drivers

Increasing Healthcare Expenditure Across the Globe
Growing Private and Venture Funding for Medical Robot Research

Challenges

High Cost of Robotic Systems

Surgical Robots Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	9.4%
Base Year Market Size (2023)	USD 3.91 billion
Forecast Year Market Size (2036)	USD 12.57 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Surgical Robots Market Size & Share, Growth Forecast 2036

Author Credits: Radhika Pawar

Report ID: 3875
Published Date: Aug 22, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of surgical robots is assessed at USD 4.2 billion.

Surgical Robots Market size was valued at USD 3.91 billion in 2023 and is anticipated to reach USD 12.57 billion by 2036, expanding at around 9.4% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by increasing healthcare expenditure across the globe, and growing private and venture funding for medical robot research.

Asia Pacific industry is set to account for largest revenue share by 2036, ascribed to growing demand for surgical robots in China and India, and rising advancements in surgical systems in the region.

The major players in the market are Accuracy Inc., Intuitive Surgical, Inc., Auris Surgical Robotics, Medtech SA, Stryker Corporation, and others.

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