According to FutureWise analysis the market for Surgical Robotics and Navigation in 2023 is US$ 2.25 billion, and is expected to reach US$ 3.62 billion by 2031 at a CAGR of 6.10%.
Robotic surgery and navigation are advanced technologies primarily used in neurosurgery. Computer-assisted minimally invasive surgery is performed using small instruments attached to a robot. Robotic surgery is also known as computer-assisted minimally invasive surgery. The rise in automation in the healthcare sector, high demand for minimally invasive treatments, and adoption of advanced technology in both developed and developing economies all contribute to the growth of the surgical robotics and navigation market. Pain assisted with invasive methods is a major contributor to non-compliance with surgical procedures. Since surgical robotics provides higher efficiency and the rise in demand for minimally invasive surgeries are primary factors driving the market growth, players are focusing on developing non-invasive and portable robotic platforms to gain user acceptance. Several developments of user-friendly and technologically developed robotic platforms are driving this market. Another factor contributing to this growth is the increase in FDA approvals granted to surgical robotic companies for research and development. Government initiatives to adapt to technologically advanced robots in surgeries are expected to boost the market even further in the forecast.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Surgical Robotics and Navigation Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Surgical Robotics and Navigation Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.