AI-based Surgical Robots Market Share and Size, Rising Trends, Revenue, Challenges, Future Opportunities and Forecast Analysis till 2033: SPER Market Research
AI-based Surgical Robots Market is projected to be worth USD 39.91 billion by 2033 and is anticipated to surge at a CAGR of 18.81%.
Surgical robots are capable of extremely precise control over their movement’s trajectory and speed. Because they can operate without becoming weary, they are ideal for operations requiring repetitive, identical movements. Surgical robotics is also utilizing artificial intelligence. Surgeons all over the world are choosing AI and robotics because they have shown themselves to be invaluable resources. AI-based robotic surgeries are less intrusive than traditional treatments, and they cause less blood loss and a faster recovery. With machine learning, these robots are transforming how modern medical procedures are carried out and making it easier for doctors and robots to communicate. The use of AI-assisted surgical robots is expected to increase in the upcoming years as they assist doctors in making decisions and addressing problems.
According to SPER Market Research, ‘Global AI-based Surgical Robots Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Global AI-based Surgical Robots Market is estimated to reach USD 39.91 billion by 2033 with a CAGR of 18.81%.
Drivers: Technological developments in automated robotic procedures and the rising incidence of chronic illnesses worldwide are responsible for the expansion. The usage of robotic surgery is anticipated to expand in the upcoming years due to its increased efficiency and success rate. The market is also expected to be driven by the growing trend of employing minimally invasive medical devices. The market is expanding as a result of the increasing use of artificial intelligence (AI) in automated robotic operations for clinical decision-making. The market for AI-based surgical robots is anticipated to expand as a result of the increased awareness of the worldwide medical professional shortage. The market expansion is also expected by a rise in the number of strategic initiatives undertaken by manufacturers.
Restraints: The expansion and broad adoption of the global AI-based surgical robot market are now being hampered by a number of important issues. The high expenses of purchasing and maintaining surgical robots, which can be unaffordable for many healthcare facilities, particularly smaller hospitals, are one of the key challenges. Furthermore, producers must meet strict safety and efficacy requirements before their goods are authorised for use in medical settings, making it difficult to navigate the complicated regulatory environment. Additionally, there is a significant lack of qualified personnel with the necessary skills to operate these sophisticated robotic systems, which may restrict their usefulness in surgical procedures. When taken as a whole, these obstacles limit the market’s potential and call for calculated solutions.
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Impact of COVID-19 on Global AI-based Surgical Robots Market
The market was negatively impacted by the COVID-19 epidemic. Healthcare facilities delayed elective robotic procedures and gave priority to managing and treating COVID-19 patients. Additionally, the growth of the market was impacted by the major decline in revenue experienced by major competitors during COVID-19. The disruption of the supply chain and the decline in surgical robot sales are the primary causes of the decline in revenue of the major market participants. However, it is also projected that the market would be driven in the post-pandemic future by the rising frequency of chronic diseases and the growing preference for robot-assisted procedures. Further driving market expansion are technological developments and the growing use of surgical robots with artificial intelligence.
AI-based Surgical Robots Market Key Players:
North America dominated the Global Ai-Based Surgical Robots Market due to the rise in volume of surgical procedures performed, backed by an aging population. Major players in the market are Accuray Incorporated, Activ Surgical, Inc., CMR Surgical, Inc., Intuitive Surgical, Inc., Medrobotics Corporation.
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AI-based Surgical Robots Market Size and Share
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