Kenneth Research recently added a report on ‘Robotic Surgery Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Robotic Surgery Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Robotic Surgery Market products.
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The global robotic surgery market has been analyzed By Region (North America, Europe, Asia Pacific, RoW) and By Country (U.S., Canada, U.K., Germany, France, Italy, China, Japan, India, Brazil) for the historical period of 2018-2019 and the forecast period of 2019-2024.
According to Analytics research report, the robotic surgery market is projected to display a robust growth represented by a CAGR of 10.8% during 2019 – 2024.
Over the recent years, robotic surgery market has been witnessing considerable growth directly on the back of increasing prevalence of chronic diseases, rising demand for minimally invasive surgeries, and growing investment to develop highly advanced medical infrastructure. Moreover, factors such as growing government initiatives, increasing adoption rate of new and technically surgical robots in developing countries, rapidly changing robotic surgery procedure outlook has been impelling the overall market growth of robotic surgery.
In addition, expanding product portfolio of companies and growing number of partnerships and acquisitions in this industry is anticipated to fuel the market growth in forecast period. However, high price of robotic surgery systems has been hindering the market growth.
The report titled report “Global Robotic Surgery Market: World Market Review By Component Type (Systems, Instruments and Accessories, Services), By Surgery Procedures, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Surgery Procedures (Gynecology, Urology, Orthopaedic, General Surgery, Others), By Region (North America, Europe, Asia Pacific, RoW), By Country (U.S., Canada, U.K., Germany, France, Italy, China, Japan, India, Brazil)” has covered and analysed the potential of robotic surgery market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities. Additionally, the report also highlights market entry strategies for various companies.
Scope of the Report
Global Robotic Surgery Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
- Robotic Surgery Market– Size, Growth, Forecast
– Analysis By Component Type: Systems, Instruments & Accessories and Services.
– Analysis By Procedure Type: Gynecology Surgery, Urology Surgery, Orthopaedic Surgery, General Surgery, Other Surgery.
- Market Attractiveness Charts – Component Type, Procedure Type
Regional Robotic Surgery Market – North America, Europe, Asia Pacific, ROW (Actual Period: 2014-2018, Forecast Period: 2019-2024)
- Robotic Surgery Market– Size, Growth, Forecast
– Analysis By Component Type: Systems, Instruments & Accessories and Services.
– Analysis By Procedure Type: Gynecology Surgery, Urology Surgery, Orthopaedic Surgery, General Surgery, Other Surgery.
Country Robotic Surgery Market – U.S., Canada, Germany, U.K, France, Italy, China, Japan, India, and Brazil (Actual Period: 2014-2018, Forecast Period: 2019-2024)
- Robotic Surgery Market– Size, Growth, Forecast
– Analysis By Component Type: Systems, Instruments & Accessories and Services.
– Analysis By Procedure Type: Gynecology Surgery, Urology Surgery, Orthopaedic Surgery, General Surgery, Other Surgery.
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Other Report Highlights
- Competitive Landscape
- Market Dynamics – Drivers and Restraints.
- Market Trends.
- Porter Five Forces Analysis.
- SWOT Analysis.
- Company Analysis – Intuitive Surgical, Stryker, Smith and Nephew Plc, TransEnterix, Accuray, Zimmer Biomet Holdings Inc., Medrobotics Corporation, Mazor Robotics, Auris Health, Inc., Think Surgical.
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