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The Asia-Pacific (APAC) Surgical Robotics market is expected to grow at a CAGR of 17.29% from $ 1.63 billion in 2022 to $ 8.06 billion by 2032 in the forecasted period of 2022-2032. The expanding global trend toward minimally invasive surgical methods and the increased awareness among medical professionals about simulation, training, and ongoing medical education are expected to drive the anticipated growth of the Asia-Pacific (APAC) surgical robots market. This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
Market Introduction
As the region's healthcare system and medical processes continue to change, the surgical robotics market in Asia-Pacific (APAC) is expanding significantly. A growing inclination for less invasive surgical procedures and increased awareness among medical professionals of the advantages of training, simulation, and ongoing medical education are the main forces behind this expansion. Technological developments are not only revolutionizing surgical procedures but also improving patient outcomes and shortening recuperation periods. The APAC region is becoming a key player in the global surgical robotics market as more and more medical institutions and practitioners adopt surgical robotics. Adoption of these cutting-edge technology has the potential to completely transform healthcare in the future by improving operations' accuracy, efficiency, and minimal invasiveness.Market Segmentation:
Segmentation 1: by Type
- Surgical Systems
- Instruments and Accessories
- Services
Segmentation 2: by Application
- General Surgery
- Urology Surgery
- Gynecology Surgery
- Orthopedic Surgery
- Cardiology Surgery
- Head and Neck (including Neurology) Surgery
- Other Surgeries
Segmentation 3: by Region
- Asia-Pacific - Japan, China, India, Australia and New Zealand, South Korea, Taiwan, Singapore, Thailand, Malaysia, Indonesia, and the Philippines
How can this report add value to an organization?
Product/Innovation Strategy: The type segment helps the reader understand the different types of surgical systems and accessories available for use in the surgical robotics industry.Growth/Marketing Strategy: The APAC surgical robotics market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, product launches, and funding activities. The favored strategy for the companies has been partnerships, alliances, and business expansions to strengthen their position in the surgical robotics market.
Competitive Strategy: Key players in the APAC surgical robotics market analyzed and profiled in the study involve players that offer surgical systems, instruments and accessories, and services. Moreover, a detailed market share analysis of the players operating in the APAC surgical robotics market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.Some of the prominent names established in this market are:
- Curexo, Inc.
- EndoMaster Pte Ltd
- meerecompany Inc.
- Medicaroid Corporation
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Table of Contents
1 Market
2 Asia-Pacific
3 Markets - Competitive Benchmarking and Company Profiles
List of Figures
List of Tables
Executive Summary
The Asia-Pacific surgical robotics market is estimated to reach $ 8.06 billion by 2032, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 17.29% during the forecast period 2022-2032.The Asia-Pacific is an emerging market due to the rise in per capita income and rapid advancements in robotic surgical platforms. The Asia-Pacific (APAC) region includes Australia and New Zealand, Japan, China, India, South Korea, Taiwan, Thailand, Singapore, Malaysia, Indonesia, and the Philippines, among other countries. Among these countries, Japan acquires the dominant market share, followed by China and India.
The Asia-Pacific Surgical Robotics Market: Driver and Challenges
The growth of the Asia-Pacific surgical robotics market is expected to be strongly driven by the increase in disposable income per household. Strong economic growth in the region is expected to play a key role in the growth of the market.However, the high cost of surgeries and trained professionals is a major restraining factor for the region. Furthermore, the lack of training institutes and programs also hinders the growth in the adoption of surgical robots in the region.
USPs of report
- Different distribution and marketing strategies adopted by key players operating in the market
- Market share analysis of the major players done to offer a holistic view of the surgical robotics market landscape
- Market ranking analysis based on product portfolio, recent developments, and regional spread
- Unit sold and installed base at country level
Analyst’s Perspective on Asia-Pacific Surgical Robotics Market
The Principal Analyst states, 'During the pandemic, hospitals reduced elective surgery to ensure patient safety and to support COVID-19 patients on a larger scale. Elective surgeries were reduced or canceled as a safety measure to protect patients from hospital-transmitted infection as well as associated postoperative pulmonary complications. This step also helped to preserve personal protective equipment (PPE) kits, and other hospital supplies were prioritized for patients with COVID-19, which enabled recovery areas to be repurposed as overflow intensive care units (ICUs). The surgeons were also redeployed to support the overflow of patients admitted with COVID-19 and to support other critical areas of the hospital.'Key Questions Answered in the Report
- What are the major market drivers, challenges, and opportunities in the Asia-Pacific surgical robotics market?
- What are the key developmental strategies implemented by the key players to sustain in the competitive market?
- What is the current market share of each of the companies in the surgical robotics market?
- What was the market value of the segments of the surgical robotics market in 2021?
Companies Mentioned
- Curexo, Inc.
- EndoMaster Pte Ltd
- Medicaroid Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 158 |
Published | November 2023 |
Forecast Period | 2022 - 2032 |
Estimated Market Value ( USD | $ 1.63 Billion |
Forecasted Market Value ( USD | $ 8.06 Billion |
Compound Annual Growth Rate | 17.2% |
Regions Covered | Asia Pacific |
No. of Companies Mentioned | 3 |