Asia Pacific Surgical Robotics Market to Grow with a CAGR of 4.75% through 2028
Surge in research and development activities is expected to drive the Asia
Pacific Surgical Robotics Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Asia Pacific
Surgical Robotics Market – By Country, Competition, Forecast and Opportunities,
2018-2028F”, the Asia Pacific Surgical Robotics Market stood at USD1.36
billion in 2022 and is anticipated to grow with a CAGR of 4.75% in the forecast
period, 2023-2028. The initiatives taken by government based on surgical
robotics has led to favorable market conditions for the Asia Pacific Surgical
Robotics Market. Several factors contribute to the growth of various surgical
robotics market products.
In China,
government policies have been strategically implemented to provide extensive
support and incentives to domestic manufacturers of surgical robots. These
well-crafted initiatives are specifically designed to challenge the
long-standing dominance of foreign companies in the market, while
simultaneously fostering the growth and advancement of homegrown technologies.
As a result, Chinese companies have seized this opportunity and are now
actively engaged in the development and production of their own surgical
robots. These innovative solutions not only offer cost-effective alternatives
but also address the unique and specific needs of the local market, further
driving the progress and success of the Chinese healthcare industry.
In Japan and
Singapore, esteemed clinician-scientists are at the forefront of groundbreaking
research and testing, exploring the immense potential of robotic telesurgery as
a cutting-edge treatment option. Supported by visionary government initiatives,
these dedicated professionals are actively harnessing the transformative
benefits of robotic surgery. By leveraging the unparalleled precision and
efficiency that robotic technology offers, they aim to revolutionize healthcare
delivery and elevate patient outcomes to unprecedented levels. With shorter
recovery times, reduced risks, and improved surgical outcomes, the integration
of robotic telesurgery has the potential to reshape the landscape of
healthcare, benefiting patients and medical professionals alike.
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In recent years,
research and development activities in the field of robotic surgery have
witnessed a remarkable surge in the Asia Pacific region. Governments, academic
institutions, and private companies alike are making substantial investments in
R&D endeavors, driven by the shared goal of advancing surgical robotics to
new heights of sophistication and efficiency. These investments are not only
paving the way for improving existing technologies, but also fostering an
environment of innovation, propelling the development of cutting-edge robotic
systems that hold immense potential in revolutionizing the field of surgery.
Through collaborative efforts and relentless pursuit of scientific progress,
the Asia Pacific region is emerging as a frontrunner in the realm of robotic
surgery, shaping the future of healthcare with groundbreaking advancements.
The Asia Pacific
Surgical Robotics Market is segmented into product & service, application, regional
distribution, and company.
Based on its product & service, the instruments segment
held the largest share in the market. The Asia-Pacific region, comprising the
most densely populated and fastest-aging countries worldwide, is witnessing a
surge in the demand for surgical interventions. Specifically, there is a
growing need for minimally invasive procedures that can be efficiently executed
using advanced surgical robots. Consequently, the rising demand for these
innovative surgeries directly translates into an increased demand for the
sophisticated instruments employed during these procedures.
Based on country, China segment is expected to grow
during the forecast period.
Chinese companies are making significant strides in
the development of surgical robots. These advanced robots are not only
cost-effective but also specifically designed to cater to the unique needs of
the local market. While the da Vinci robot, a renowned laparoscopic surgical
robot, has long dominated the industry, Chinese-made robots have emerged as
formidable competitors, offering innovative features and cutting-edge
technology to healthcare professionals and patients alike. With their
continuous advancements, these Chinese surgical robots are revolutionizing the
field and shaping the future of minimally invasive surgeries.
Major
companies operating in Asia Pacific Surgical Robotics Market are:
- Stryker Corporation
- Intuitive Surgical, Inc.
- Mazor Robotics Ltd
- Smith & Nephew Plc. (Blue Belt
Technologies, Inc.)
- Auris surgical robotics Inc.
(Hansen Medical)
- Think Surgical, Inc.
- KUKA AG
- Zimmer Biomet Holdings Inc.
- Renishaw plc.
- Medtronic Plc
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“Growing application of surgical robotics in various
end user industries are key drivers of the surgical robotics market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of surgical robotics with every
passing year are anticipated to register an impressive growth to Asia Pacific
Surgical Robotics Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Asia Pacific Surgical Robotics Market By Product &
Service (Instruments, Robotic Systems, Services), By Application (Neurology,
Urology, Orthopedics, Gynecology, Others), By
Country, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Asia Pacific Surgical Robotics Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Asia Pacific Surgical Robotics Market.
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