United States Surgical Robotics Market to Witness Substantial Growth in Coming Years

Technological advancements and increasing funding for medical robot research to drive United States surgical robotics market

According to TechSci Research report, “United States Surgical Robotics Market By Component (Surgical Systems, Accessories, Services), By Surgery Type (Gynecological Surgery, Urological Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Others), By End User (Hospitals, Ambulatory Surgery Centers, Others), By Region, Forecast & Opportunities, 2025”, the market is anticipated to grow at a significant CAGR during the forecast period owing to increasing implementation of surgical robots by hospitals & ambulatory surgery centers and rising funding for medical robot research in the country. The advantages of robotic-assisted surgery such as minimization of invasiveness involved in surgical procedures are also acting as major growth driver for the market. Furthermore, technological advancements and growing need for automation in healthcare industry are some other key factors propelling the growth of United States surgical robotics market. With shifting focus towards advanced robotic surgeries and increasing expenditure on healthcare system, the market is expected to witness a healthy growth in coming years.

Moreover, increasing prevalence of chronic diseases and rising demand for minimally invasive surgeries is also serving as growth drivers for United States surgical robotics market. In addition to this, the development of procedure specific robotic systems is expected to fuel the market growth through 2025. Also, increasing product approval by U.S. Food and Drug Administration is supporting the United States surgical robotics market growth. However, high cost of surgical robotic surgeries & robotic systems is expected to challenge the market growth. Furthermore, increase in deaths and injuries due to robotic surgeries might hamper the growth of surgical robotics in United States.

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United States surgical robotics market is segmented based on component, surgery type, end user and region. Based on component, the market can be segmented into surgical systems, accessories and services. Among them, accessories segment underwent highest growth in United States surgical robotics market in terms of revenue owing to wide usage of accessories in surgical procedures. However, services segment is expected to register fastest CAGR during the forecast period due to rise in robot assisted surgeries in the country.

Based on surgery type, the United States surgical robotics market can be segmented into gynecological surgery, urological surgery, neurosurgery, orthopedic surgery, general surgery and others. Among them, the neurosurgery segment is expected to undergo significant growth through 2025 as surgical navigation are frequently being used during brain tumor removal, deep brain stimulation (DBS), brain biopsies and cerebrospinal fluid (CSF) management.

Major players operating in the United States surgical robotics market include Intuitive Surgical Inc., Stryker Corporation, Medtronic, Smith and Nephew, Inc., TransEnterix Surgical, Inc., Verb Surgical Inc., SRI International Inc., Accuray Incorporated, Think Surgical Inc., Auris Surgical Robotics Inc., Zimmer Biomet Holdings, Inc., Corindus Vascular Robotics, Inc., Medrobotics Corporation, OMNI life science, Inc., Medicaroid, Inc., Johnson & Johnson and Blue Belt Technologies, Inc. The market players are undergoing mergers & acquisitions and strategic collaborations as their key growth strategies.

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“The presence of key market players and active participation of academia is influencing the growth of United States surgical robotics market. Also, the focus of government on providing best healthcare facilities and collaborations with corporates are facilitating huge growth opportunities for this market. Moreover, with increasing spending on R&D activities, the market is anticipated to grow significantly in coming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“United States Surgical Robotics Market By Component (Surgical Systems, Accessories, Services), By Surgery Type (Gynecological Surgery, Urological Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Others), By End User (Hospitals, Ambulatory Surgery Centers, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of United States 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 United States surgical robotics market.

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