Neurosurgical Robotics Market Size & Growth (2019 - 2025):
According to the Research Report, the Neurosurgical Robotics Market is estimated to experience steady growth during the forecast period.
The global market for neurosurgical robotics is dominated by an increase in the incidence of neurological disorders, an increase in the large population and an increase in the number of neurosurgical surgeries performed. In addition, the rapid growth of robot surgery, the increase in minimally invasive surgery and the purchasing power of the hospital are expected to promote the growth of the global market for neurosurgeon robots during the analysis period. Also, with the growing adoption of technologically advanced medical devices and the advancement of medical care, the global neurosurgical robotics market is expected to grow in the coming years.
Aging is associated with many diseases and disorders. Most of the elderly suffer from neurological disorders. According to local community agencies, the majority population of the United States (aged 65 or older) alone will reach 46.2 million in 2019. Thus, large population growth is expected to increase the market for global market during the planned period. Existing market participants are also adopting advanced techniques and strategies to develop new processes for the manufacture of technologically advanced robotic equipment. This is expected to boost the demand for neurosurgical surgical robots for the diagnosis of diseases during the projected period.
However, it is expected that the high cost of these surgical robots and the lack of qualified professionals will slow the growth of the neurosurgical robot market in the coming years.
The Research Report segments the Neurosurgical Robotics Market into the following submarkets:
Neurosurgical Robotics Market – By Product and Service
- Robotic systems
- Instruments and accessories
- System services
Based on the product and services, the robotics systems segment is holding the highest shares of the market. Increasing prevalence for early diagnosis is key driving factor for the market to grow. The emergence of artificial intelligence in various applications is ascribed to bolster the demand of the market to the extent. The rise in the demand for accuracy in a surgical procedure is greatly influencing the demand of the market. In addition, increasing the availability of skilled physicians in monitoring the systems along with rising training institutes is prompting the demand of this market.
Neurosurgical Robotics Market- By Equipment Type
- Robot machines
- Navigation systems
- Planners and stimulators
- Others
On the basis of equipment type, the Robot machines equipment type is holding the highest shares of the market. Rising investments in manufacturing innovative devices in favor of the end-users are likely to outshine the demand of the market. An increasing flow of patients and their demand for effective treatment procedures is enhancing the growth rate of this segment. Also, focus on improving minimally invasive surgeries with the latest equipment which are manufactured with modern techniques is prompting the demand of the market extensively. The rising elderly population is one of the most common factors for the market to grow.
Neurosurgical Robotics Market Analysis - By Region:
- North America
- Europe
- Asia- Pacific
- Latin America
- Rest of the World
Some of the Promising Companies leading the Neurosurgical Robotics Market Profiled in the Report are:
- Brainlab AG
- DePuy Synthes (Johnson & Johnson)
- Mazor Robotics Ltd.
- Medtronic Inc.
- Renishaw plc
- Shenzhen Institutes of Advanced Technology (SIAT)
- Siemens Healthineers
- Simbionix USA Corp.
- SONOWAND AS
- Stryker Corp. / MAKO
- Zimmer Biomet Holdings, Inc. / Medtech
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