Global AI-based Surgical Robots Market: Snapshot
Increased penetration of diverse advanced technologies such as artificial intelligence (AI) in robotic surgeries across the globe is likely to drive expansion of the global AI-based surgical robots market in the forecast period 2021–2031.
An upcoming research report from TMR gives bird’s-eye view of the global AI-based surgical robots market. Thus, the study performs deep analysis of different facets such as growth opportunities, drivers, restraints, and challenges in the market for AI-based surgical robots. This aside, it gives deep insights on historical and present trends in the market.
The research report performs segmentation of the global AI-based surgical robots market on the basis of many important parameters such as product, application, and region. In terms of product, the market for AI-based surgical robots is divided into two parts, namely, services and instruments and accessories.
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Key Drivers of AI-based Surgical Robots Market Growth
Healthcare sector today is observing significant growth in adoption of robotic surgeries owing to their ability to offer improved efficiency and success rate. Thus, increased adoption of these surgical procedures is expected to drive the sales number in the global AI-based surgical robots market in the upcoming years.
AI technologies are increasingly used in different surgical systems owing to a wide range of advantages they offer, including intraoperative video analysis and consolidation of databases. This scenario, in turn, is anticipated to boost adoption of AI-based surgical robots, and thereby fuel the growth of AI-based surgical robots market.
In recent years, major patient pool across the globe is giving preference to minimally invasive surgical procedures. This aside, the demand for robot-assisted surgeries is increasing across major developed as well as developing countries in the world. As a result, a shift among healthcare professionals toward AI-based approaches from conventional practices of surgical procedures is observed. These factors are expected to generate prominent growth avenues for companies operating in the global AI-based surgical robots market in the years to come.
What are Key Strategies of Market Players to Stay Ahead in Competition?
With presence of many players in the market, competition landscape of the global AI-based surgical robots market seems to be highly intense. As a result, players working in this market are using different strategies to maintain their leading position.
Several players in the AI-based surgical robots market are growing focus on the launch of new products. A case in point here is 2020 accouchement by Accuray Incorporated. The firm stated that it has launched a technologically advanced product named CyberKnife S7 system. This move by the firm is projected to strengthen its overall position in the market for AI-based surgical robots in the years to come.
Some of the key players operating in the global AI-based surgical robots market are:
- Intuitive Surgical, Inc.
- Accuray Incorporated
- Medrobotics Corporation
- Medtronic, plc
- Stereotaxis, Inc.
- Zimmer Biomet
- Stryker Corporation
- TransEnterix, Inc. (Asensus Inc.)
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North America Demand Outlook for AI-based Surgical Robots
In terms of region, the global AI-based surgical robots market shows existence in many geographical regions such as Europe, North America, Latin America, MEA, and Asia Pacific. Among all regions, the market for AI-based surgical robots experiences prominent avenues for growth in North America.
The growth of North America AI-based surgical robots market is ascribed to many factors including existence of many key players and increased technological advancements in the field of robotics and artificial intelligence for healthcare sector.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.