SAN FRANCISCO, April 26, 2016 /PRNewswire/ -- The global surgical robot market is expected to reach USD 20.8 billion by 2024, according to a new study by Grand View Research, Inc. The prevalence of chronic disorders, such as chronic heart diseases and various types of cancer, is on a rise. These diseases frequently require surgery as a line of treatment. With the advent of surgical robot, these surgeries have become easier and less traumatic, thereby propelling the demand over the forecast period.
The surgical robotic system causes less postoperative complications and reduces the length of hospital stay for a patient. This further helps to save treatment cost as well as labor cost. Owing to these benefits, these devices are now favored by hospitals in developing as well as developed regions.
The introduction of evolved systems is expected to boost the market growth over the forecast period. The development of computer software coupled with such robotic systems result in higher precision and better viewing of the incision site. This is expected to propel the demand over the forecast period.
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The rising popularity of minimally invasive procedures due to their patient-friendly nature is the vital driver for this industry. Surgical robot help in performing complicated procedures through navigation and magnification options.
Browse full research report with TOC on "Surgical Robot Market By Product (Systems, Instrument And Accessories, Service), By Brand (da Vinci Surgical System, Cyber Knife, Rosa, MAKO, Renaissance), By Application (General Surgery, Urology, Orthopedic, Neurosurgery, Cardiovascular, Gynecology, Radiology, Transplant, Gastro-intestinal), Market Size, Application Analysis, Competitive Strategies and Forecasts, 2016 To 2024" at: http://www.grandviewresearch.com/industry-analysis/surgical-robot-market
Further key findings from the study suggest:
Robot systems held a lucrative share of around 42.0% in the product segment. Robot systems were followed by accessories and are also anticipated to witness a substantial growth owing to their frequent repurchase.
On the other hand, services are anticipated to grow at a lucrative rate of around 20.0% over the forecast period. Periodic maintenance of the existing robotic systems is mandatory; hence, this segment is anticipated to witness a substantial growth.
The da Vinci Surgical System by Intuitive Surgical, Inc. dominated this industry in 2015. This system is the first U.S.FDA approved system; hence, retains the first mover advantage.
