AI-based surgical robots Market Analysis, Development, and Forecast by 2031

MARKET OVERVIEW

AI-based medical robots are known for their role in surgeries and are widely utilized in the healthcare industry. These robots allow doctors to perform complex surgical procedures with more precision and flexibility than the conventional technique. They are mainly used for precisely handling surgical devices during various kinds of surgical procedures. The surgical robots perform the surgery by making small incisions. Mainly they comprise a camera arm, mechanical arm, and surgical instruments. Integration of these robots acts as a shielding layer between healthcare employee and patient by offering physical separation as the surgeon controls all the robot's activity by sitting at the computer. The use of surgical robots also reduces the risk of contamination along with maintaining surgical volumes.

MARKET SCOPE

The "Global AI-Based Surgical Robots Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the AI-based surgical robots market with detailed market segmentation by product type, application, and geography. The report provides key statistics on the market status of the leading AI-based surgical robots market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

- Based on product type, the global AI-based surgical robots market is segmented into services, instrument and accessories.
- Based on application, the market is segmented into general surgery, urology, orthopedic, gynecology and others.

MARKET DYNAMICS

Drivers:

- Increasing incidences of chronic diseases and technological advancement in surgical robots drive the AI-based surgical robots market growth.
- Rising minimally invasive surgeries and shift from traditional surgical procedures to AI-based approaches boost the market growth.
- Rising public awareness and enhanced patient safety and compliance fuel the market growth.

Restraints:

- The need for special skills for performing robotic surgery.
- High cost of these surgeries.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The AI-based surgical robots market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the AI-based surgical robots market in these regions.

IMPACT OF COVID-19 ON AI-BASED SURGICAL ROBOTS MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The outbreak of the COVID pandemic has impacted the growth of the AI-based surgical robots market as worldwide lockdown was imposed. To reduce the infection transmission rate and prioritize the treatment of the Covid patients, elective surgeries were canceled or delayed across the world. This led to a decline in new product acquisition by healthcare facilities. However, with the removal of restrictive measures, a shift toward robotic surgery can be witnessed. As robots in surgery reduce the duration of surgeries, reduce infections in patients and provide fewer interactions between the patient and medical staff, their use is likely to be increased. Also, for clearing the backlog of elective surgeries, these robots will be used. Hence, the market is expected to grow significantly in the future.

MARKET PLAYERS

The report covers key developments in the AI-based surgical robots market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from AI-based surgical robots market are anticipated to have lucrative growth opportunities in the future with the rising demand for AI-based surgical robots in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the AI-based surgical robots market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- Zimmer Biomet
- Medtronic, Plc
- Stryker Corporation
- TransEnterix
- Activ Surgical, Inc.
- Stereotaxis, Inc.
- Medrobotics Corporation
- Intuitive Surgical, Inc.
- Accuray Incorporated
- Hansen Medical

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

AI-based surgical robots Report Scope