AI-based Surgical Robots Market 2019: Global Industry analysis by Size, Share and Forecast to 2027

The global market for AI-based surgical robots was estimated at US$ 6,237.3 million in 2018 and is expected to reach US$ 33,244.4 million by 2027, expanding at a CAGR of 20.7% from 2019 to 2027.

SANJOSE, United States - June 19, 2019 /MarketersMedia/ —

The latest market report published by Credence Research, Inc. "Global AI-based Surgical Robots Market–Growth, Future Prospects, Competitive Analysis, 2019-2027" valued the global AI-based surgical robots market at US$ 6,237.3 million in 2018 and is expected to reach US$ 33,244.4 million by 2027, expanding at a CAGR of 20.7% from 2019 to 2027.

Insights Over the past 30 years, artificial intelligence has been used to develop surgical robots to perform critical surgical procedures with utmost precision, dexterity and enhancement. It generally provides a highly magnified three-dimensional view of the surgical procedure, dexterously translating the surgeons, fingers, hands and wrist movements into highly automated and precise engineered movements of miniature surgical devices in the patient's body.

Services dominate the product segment for the market of AI-based surgical robots. Inherent features such as high maintenance costs associated with surgical robots system algorithms and routine upgrading increase the demand for services segment. Instrument & accessories are gaining momentum and will grow at a rapid pace in the near future due to increased demand for robot-assisted minimally invasive surgical procedures among patients worldwide and wide use by surgeons to perform surgery across different disciplines.

Browse the full report AI-based Surgical Robots Market - Growth, Future Prospects, Competitive Analysis, 2019 – 2027 report at https://www.credenceresearch.com/report/ai-based-surgical-robots-market

General surgery leads the application segment for the market for AI-based surgical robots. Significant increase in abdominal surgery, especially minimally invasive laparoscopic surgical procedures, increases the demand for general surgeons worldwide. Increasing breast cancer prevalence further enhances the demand for robot-assisted surgery to precisely remove malignant tumors with minimal damage to other soft tissues. Gynecology surgical procedures have gained tremendous attention after being approved by USFDA in 2005 to perform critical surgery related to hysterectomy, myomectomy, sacrocolpopexy etc. with maximum patient safety and compliance.

North America represents a market share of 45 percent and is the leading regional segment on the market for AI-based surgical robots. Effective collaboration between healthcare agencies and robotic software design companies are key contributing factors related to their market dominance. According to the research cited by Intuitive Surgical, Inc., over the past 14 years, approximately 1.75 million robotic surgical procedures have been performed in the United States. Increasing public health awareness of the benefits associated with robot-assisted surgery will further enhance the region's market growth. Europe is the second largest regional market with a 30 percent share due to strategic collaboration between academic research institutes and government-funded hospitals to develop machine learning programs related to AI-based surgical robots. Asia Pacific holds 15 percent market share due to huge patient base suffering with critical illness requiring surgical intervention and proactive government policies to develop well-equipped healthcare institutes with surgical robots.

Companies developing AI-based surgical robots are Accuray Incorporated, Hansen Medical, Intuitive Surgical, Inc., MAKO, Mazor Robotics, Medrobotics Corporation, Medtech Surgical, Stereotaxis, Inc., TransEnterix and Titan Medical, Inc.

Key Market Movements:

Significant rise in global mortality rate associated with chronic disease
Increasing public health awareness regarding benefits of robot assisted minimal invasive surgical procedure
Technological advancement in the development of algorithm performing surgical simulations and decision making capacity of surgeons

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ToC:
Chapter 1. Preface
............

Chapter 2. Executive Summary
............
Chapter 3. AI-based Surgical Robots Market: Dynamics and Future Outlook
.............
Chapter 4. Global AI-based Surgical Robots Market, by Product
4.1. Overview
4.2. Services
4.3. Instrument & Accessories

Chapter 5. Global AI-based Surgical Robots Market, by Application
5.1. Overview
5.2. General Surgery
5.3. Urology
5.4. Orthopedic
5.5. Gynecology
5.6. Others

Chapter 6. Global AI-based Surgical Robots Market, by Geography
..............
Chapter 7. Company Profiles
7.1. Accuray Incorporated
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. News Coverage
7.2. Hansen Medical
7.3. Intuitive Surgical, Inc.
7.4. MAKO
7.5. Mazor Robotics
7.6. Medrobotics Corporation
7.7. Medtech Surgical
7.8. Stereotaxis, Inc.
7.9. TransEnterix
7.10. Titan Medical, Inc.
.............................toc continued

Browse the full report AI-based Surgical Robots Market - Growth, Future Prospects, Competitive Analysis, 2019 – 2027 report at https://www.credenceresearch.com/report/ai-based-surgical-robots-market

About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

Medium: AI-based surgical robots are the future of medical science

Contact Info:
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Organization: Credence Research
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Website: https://www.credenceresearch.com

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