The size of the international surgical robots market was USD 6,281.1 million in 2021, and the figure is set to rise at a CAGR of 19% in the duration of 2021–2030 and reach USD 30,067.2 million by the end of this decade, as per P&S Intelligence. This growth can be credited to the growing requirement for knee and hip replacement operations and the rising technological improvements.
In the coming few years, the neurology category is predicted to witness the fastest development, growing at a CAGR of approximately 21%, in the surgical robots industry. This can be mainly credited to the technological improvements in robotic brain operations and the rising utilization of medical robots for offering treatment to patients suffering from brain conditions.
Furthermore, the industry in this category is rising because of the occurrence of neurological syndromes and the growing demand for minimally invasive methods for conducting delicate brain operations.
On the basis of end-users, the hospital category is dominating the surgical robots market. This can be credited to the huge count of operations conducted in such healthcare amenities, worldwide. With the surge in the occurrence of chronic illnesses among the populace, the count of operations rises in hospitals.
Furthermore, the existence of sophisticated hospitals in nations including Canada and the U.S. and their supportive results surges the footfall in such settings, because of the utilization of progressive technologies, like robotics.
Hence, the growing requirement for knee and hip replacement operations and the rising technological improvements, are the major factors propelling the surgical robots industry.
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