Government Support Across Geographies Is Fueling The Global Medical And Surgical Robotics Market’s Growth At 17.22% Cagr During The Forecast Period 2019-2027

Triton Market Research presents their Global medical and surgical robotics market report segmented by type (Surgical Robotics And Computer-Assisted Surgery and medical robotics); by applications ( ex in cardiac, gastrointestinal, urology, orthopedic, neurosurgical, ENT, prosthetic etc.) and by geographical region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - discussing Industry Value Chain Analysis, Porter's 5 Force Analysis, Drivers, Restraints, Vendor Profiles, Global Market Size, Forecasts & Analysis (2019-2027).

Triton Market Research expects the global medical and surgical robotics market to witness a compound annual growth rate of 17.22% during the forecast period 2019-2027. The market growth is being propelled by factors like technological advancement, approval for healthcare robotics by the government and growing demand for medical and surgical robotics for minimally invasive surgeries.  The use of these devices reduce pain and blood loss and ensure quick patient recovery.

Surgical Robotics and Computer-assisted Surgery are the most popular market segment by type. The market segment is driven by continuous innovations in these techniques. Also, many commercial applications of these instruments have been exploited by healthcare practitioners for precision and efficiency during minimally invasive techniques. The biggest application of the global medical and surgical robotics market is found in cardiac procedures. These devices are often used in cardiothoracic surgeries, including mitral valve repair and replacement, atrial septal repair, coronary artery bypass and pericardiectomy.

Triton Market Research has studied regions such as North America, Asia-Pacific, Europe and the rest of the world for medical and surgical robotics. Governments across these regions are heartily supporting the integration of robotics in healthcare practices. For instance, recently Japan declared to deregulate and ease the norms of healthcare robotics so that treatment could be done through robotic technology. Other countries like the US, China and South Korea are following suit and inclining towards healthcare robotics. Impressed by this, several tech companies are also veering their attention in this domain.  Ex: NEDO (New Energy and Industrial Technology Development Organization) of Japan recruited Kawasaki and Panasonic to compete with Da Vinci technology in healthcare robotics. On the same line, Google made investments of $542 million in Magic Leap.

Thus, competitive rivalry is high in this market due to the presence of a large number of players and companies offering superior products. The top market companies for medical and surgical robotics include Abbott, Accuray Inc., Agilent technologies, and Intuitive Surgical Inc. Some of the other players profiled in Triton Market Research’s global medical and surgical robotics market report include Biotek Instruments, Irobot Corporation, CareFusion (partnered with Becton), Hocoma Ag, Hansen Medical Inc., Mazor Robotics and others.