Neurosurgery is the procedure of diagnosis and treatment of neurological disorders, such as,   Alzheimer’s disease, Parkinson’s disease, strokes, aneurysms, degenerative diseases, and trauma to the spinal cord and brain. Neurosurgery surgical robots help surgeons in performing complex surgeries with more flexibility and precision. Robotic surgeries offer many advantages, such as, fewer complications in terms of pain and blood loss, lower risk of surgical site infection, quick recovery, and smaller scars. Neurosurgery surgical robots are mostly preferred in minimally invasive surgeries for better precision. Mechanical arms and camera arms are the widely used robotic surgical systems. Compared to other types of minimally invasive surgeries, robotic surgery provides better view and more precision to the surgeons. The surgeon controls the system through a computer console placed in the operating room. The console has a camera that provides detailed 3D images of the operating site. 

The global neurosurgery surgical robots market is primarily driven by increase in incidence of neurological disorders, growth in geriatric population, and rise in the number of neurosurgery performed. Also, rapid increase in the number of robotic surgery, rise in minimally invasive surgeries, and increase in the purchasing power of hospitals are expected to boost the growth of the global neurosurgery surgical robots market during the analysis period. Furthermore, rise in adoption of technologically advanced health care devices and advancement in health care are projected to boost the growth of the global neurosurgery surgical robots market in the next few years. Aging is associated with a large number of diseases and disorders. Majority of elderly people suffer from neurological disorders. According to the Administration for Community Living, geriatric population (of 65 years or older) in the U.S. stood at 46.2 million in 2014. Therefore, increase in aging population is likely to drive the global neurosurgery surgical robots market during the forecast period. Furthermore, existing market players are deploying advanced techniques and strategies to develop novel processes for manufacturing of technologically enhanced neurosurgery surgical robots. This is anticipated to propel the demand for neurosurgery surgical robots for diagnosis of diseases during the forecast period. However, high cost of neurosurgery surgical robots and lack of skilled professions are expected to restrain the growth of the neurosurgery surgical robots market in the next few years. 

The global neurosurgery surgical robots market can be segmented based on component, end-user, and region. Based on component, the neurosurgery surgical robots market can be bifurcated into systems, accessories, and services. In terms of end-user, the market can be divided into hospitals and ambulatory surgical centers. 

In terms of region, the global neurosurgery surgical robots market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the leading share of the global market in 2017 owing to rapid progress in the health care industry as well as high adoption of advanced health care devices in the region. Increase in prevalence of neurological disorders and presence of a large number of manufacturers in the region are expected to boost the neurosurgery surgical robots market in North America during the forecast period. Asia Pacific and Latin America are likely to be highly lucrative markets for neurosurgery surgical robots in the near future. The neurosurgery surgical robots market in these regions is projected to grow rapidly during the forecast period, owing to large population base, increase in the number of hospitals, and rise in government investment for the advancement of health care in the regions. 

Key players operating in the global neurosurgery surgical robots market include Auris Surgical Robotics, Inc, Smith & Nephew Plc., Stryker Corporation, Intuitive Surgical, Inc., Renishaw plc, KUKA AG, Mazor Robotics, Medtronic plc, THINK Surgical Inc., and Zimmer Biomet Holdings Inc.

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
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  • 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
  • Europe
  • 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.

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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.

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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?

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10. What will be the barrier to entry for new players in the market?

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Neurosurgery Surgical Robots Market

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