LAMEA Surgical Robotic Systems Market By Component (Accessories, Systems and Services), By Application (Gynecology Surgery, Orthopedic Surgery, Urology Surgery, Neurosurgery, General Surgery and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Get in-depth analysis of the COVID-19 impact on the LAMEA Surgical Robotic Systems Market
Market Report Description
The Latin America, Middle East and Africa Surgical Robotic Systems Market would witness market growth of 22.2% CAGR during the forecast period (2020-2026). Optimistic administrative situation in developed economies that supports growth in surgical robots drives the growth of the industry. Guidelines imposed by the local authorities guarantee superior quality of the surgical robots being manufactured and showcased. This situation proves advantageous for the development of the industry as the guidelines implemented by the authorities’ favour progresses in the surgical robots and maintain its quality. Significant expense related with the surgical robots may hamper its adoption accordingly, negatively affecting industry development in developing and underdeveloped regions.
High investment by major market players in the improvement of the procedure explicit surgical robotic framework is one of the key components fuelling the development of the worldwide surgical robot market. Expanding cardiovascular diseases and expanded demand for minimally invasive surgeries is additionally a portion of the key components boosting the development of the worldwide market during the forecast period.
Numerous hospital and medical services communities have been assigned to treat patients suffering from Covid-19. Besides, the government has advised individuals to go through for emergency surgeries. Subsequently, the demand for surgical robotic frameworks has decreased. The subsidizing for R&D initiatives in the field of surgical robotics technology has halted as the dominant part of the investment is channelled toward creating a vaccine for Covid-19.
Based on Component, the market is segmented into Accessories, Systems and Services. Based on Application, the market is segmented into Gynecology Surgery, Orthopedic Surgery, Urology Surgery, Neurosurgery, General Surgery and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Stryker Corporation, Intuitive Surgical, Inc., Kuka AG, Johnson and Johnson, Siemens AG, Medtronic PLC, Smith & Nephew PLC, Zimmer Biomet Holdings, Inc., Globus Medical, Inc., and TransEntrix, Inc.
Scope of the LAMEA Surgical Robotic Systems Market Analysis
- Gynecology Surgery
- Orthopedic Surgery
- Urology Surgery
- General Surgery
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Stryker Corporation
- Intuitive Surgical, Inc.
- Kuka AG
- Johnson and Johnson
- Siemens AG
- Medtronic PLC
- Smith & Nephew PLC
- Zimmer Biomet Holdings, Inc.
- Globus Medical, Inc.
- TransEntrix, Inc.
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