Kenneth Research published a report on Technology Trends In Surgical Robotic Products Market which gives detailed analysis of the present market landscape. The report which is evaluated for the forecast period, i.e., 2022-2031, provides an in-depth analysis of the market, based on size, volume, latest trends, opportunities and challenges associated.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Technology Trends In Surgical Robotic Products Market Products.
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Brief About Benchmarking
The report comprises the technology adoption trends in the global surgical robotics market and the contribution of the key players of the market in the evolution of robotic surgery. The special report signifies the current capabilities and development potential of robotic surgery systems. It helps to identify the spectrum of new surgical robotic systems, developed by both medical device companies and robotic laboratories, which is changing the current paradigm and creating a more competitive market.
Technology trend helps to understand the most adopted technologies and the technology focus of the key surgical robotics manufacturers. The special report also gives an understanding of the various clinical utilities of the commercialized systems and the impact of new entrants in the further evolution of surgical procedures.
The new-entrants, as well as relatively smaller yet growing companies, can track how the prominent players of the global surgical robotics market are strategizing, to expand clinical utilities of their proprietary systems. Companies can choose to trace the most adopted technologies and the emerging technologies to get a competitive edge and align the strategic plans in-line with the technology trends.
1) Be cognizant of the technologies in different phases like innovation, early adoption, disillusionment, lift off to mass adoption, and sustainable growth
2) Be informed about the prospective competitors gaining an edge and progressing rapidly through technological advancement
3) Understand the preferences of healthcare professionals towards different cutting-edge technologies and advanced features
4) How different manufacturers are emphasizing on the R&D and new product development
5) Which competitors are approaching the expansion of clinical applications and product development, and where does the priority lie
6) Companies can fine-tune business efforts and further technological progression based on the evaluation
7) The report also acts as an indicator to decide on best-suited companies for investments, prospecting, and strategic alliance
How the companies were selected
The companies were chosen based on multiple parameters, such as financial strength, revenue growth, product portfolio, global presence, and recent developments, among others. The report also considers the relatively small global or regional companies which are driving the market growth with technological developments and product innovations.
The companies which have been considered to profile are,
Intuitive Surgical Inc.
Corindus Vascular Robotics Inc.
Zimmer Biomet Holdings Inc.
Titan Medical Inc.
THINK Surgical, Inc.
Auris Health, Inc.
CMR Surgical Ltd
How we evaluated and analyzed
The 20 players of the global surgical robotics market were screened on the basis of the revenue, global presence, product capability and differentiation, clinical applications, and inorganic and organic growth strategies. The product portfolio, clinical application, and technology adoption were mapped for all enlisted companies. The seven potential technologies were chosen on the basis of their commercial viability, and adoption by both the manufacturers and end-users. Quantitative and qualitative data for each technology was gathered from secondary sources like annual reports, product brochures, investors presentations, white papers, and research articles, among others. Besides taking into account the qualitative data, the technology trend analysis also considered the information regarding the number of installations of the surgical robots, and the number of surgeries performed. Thus, both qualitative and quantitative data was used to draw a conclusive and insightful analysis pertaining to the technology trends in the global surgical robotics market.
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Technology Trends In Surgical Robotic Products Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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About Kenneth Research:
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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