The size of the worldwide neurosurgical robotics market was estimated at USD 1,691 million in 2022 and is expected to increase at a compound annual growth rate (CAGR) of 16% to reach USD 4,729 million by 2033. The research provides a comprehensive and insightful analysis of the worldwide neurosurgical robotics market, highlighting several factors such as market dynamics, technical advances, market trends, and a competitive landscape study of the world’s top companies in the industry. It also covers the COVID-19 pandemic’s effects on the market worldwide. The market for neurosurgical robots is still expanding and is predicted to do so in the upcoming years due to the mixed effects of COVID-19 generally. The region’s health care services are overworked, making it difficult to provide healthcare to every patient.
Furthermore, this pandemic was having an unfavorable effect on the medical device business. As the COVID-19 epidemic spread, medical device manufacturers encountered challenges in overseeing their operations. Numerous neurosurgical robotics firms operated in the United States, and the COVID-19 pandemic hurt their operations. However, the number of surgical operations resumed to regular levels after the pandemic limitations relaxed. Hospitals began to gradually resume elective surgeries as the COVID-19 recovery rate raised the need for medical devices such as neurosurgical robots.
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Neurosurgical Robotics Market Segmentation
By Application
- Spinal
- Cranial
By Component
- Equipment/System
- Accessories
- Services
Key Company
- Brainlab AG
- Medtronic
- Renishaw plc
- Zimmer Biomet
- Globus Medical, Inc.
- Synaptive Medical, Inc.
- NuVasive, Inc.
- Accuray Incorporated
- Brain Navi Biotechnology Co. Ltd
- B- Braun Melsungen AG
Scope of the Report
This study provides estimates and data for the Neurosurgical Robotics Market for the past, present, and future. An extensive research approach was used to establish the market estimations that are included in the study. Multiple research channels are used in the accepted research approach, including primary, secondary, and subject-related expert input. The Seasonal Affective Disorder Market is estimated by taking into account the impact of many economic, social, and political aspects in addition to the present market dynamics. The market data is also defined by different laws, government expenditures, and the expansion of research and development. The market projections take into account both favorable and unfavorable changes in the market.
Market Key Trend
1. Persistent Technological Progress
Future developments in artificial intelligence (AI) and machine learning algorithms to improve surgical planning, navigation, and decision-making during procedures are anticipated in the field of neurosurgery robots. Beyond conventional neurosurgery uses, neurosurgical robots are growing. They are being used in a variety of operations, including neuroendoscopy, stereotactic biopsies, spinal surgery, and deep brain stimulation.
2. Strengthening Cooperation
There is an increasing amount of collaboration between research groups, healthcare facilities, and robotics enterprises. Through this partnership, robotic systems will be developed and improved, their clinical usefulness will be confirmed, and novel applications and surgical procedures will be investigated. Regulatory organizations are creating standards and recommendations for neurosurgery robots to guarantee patient safety and effectiveness as they become more widely used. Reimbursement guidelines are also changing to account for this cutting-edge technology.
Geographical Analysis
North America has been in the vanguard of neurosurgery robotics due in large part to the region’s high healthcare spending, highly developed healthcare infrastructure, and presence of major market participants. Thanks to advantageous reimbursement regulations, more financing for research and development, and an aging population, the United States in particular has experienced significant growth. Furthermore, the region’s strong regulatory environment fosters the advancement and commercialization of robotic systems for neurosurgery.
Another important market for neurosurgical robots is Europe, which is distinguished by the presence of numerous well-known manufacturers and a strong emphasis on R&D. The United Kingdom, France, Germany, and other nations are major drivers of the market expansion. Favorable healthcare laws, growing public knowledge of the advantages of robotically assisted procedures, and an increase in the incidence of neurological conditions all help the European market. However, due to differences in healthcare infrastructure and reimbursement rules, the market’s growth may differ throughout European nations.
The neurosurgical robotics market is expanding quickly in the Asia Pacific area, mostly due to increased knowledge of sophisticated surgical methods, improved healthcare infrastructure, and rising healthcare spending. South Korea, Japan, and China are among the nations that have contributed most to the expansion of the regional market. Due to its vast patient population, government measures to support technological developments, and partnerships between academic institutions and industrial companies, China has seen notable advancements in neurosurgery robots in particular. However, other factors that impact the Asia Pacific market include cultural hurdles, limited access to sophisticated healthcare facilities in remote regions, and regulatory obstacles.
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