The global precision surgery market size was USD 5.21 Billion in 2021 and is expected to register a revenue CAGR of 14.1% during the forecast period, according to latest analysis by Emergen Research. Rapid adoption of technologies, such as Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML), among others, is a major factor driving market revenue growth. In addition, market companies and researchers are developing smart instruments that incorporate a variety of sensors and simplify the operation process. In addition, increasing demand for innovative products that aid in wound closure is another factor driving revenue growth of the market.
Moreover, increasing penetration of robots in the medical industry and increasing sports injuries and road accidents around the world are also driving market revenue growth. Healthcare professionals are realizing various benefits of robotic surgery, for instance, Da Vinci system is the most widely used robotic system, which consists of a surgeon’s console, patient cart, and vision cart.
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As well as new entrants in the Precision Surgery Device market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others.
Some major companies in the global market report include Siemens Healthcare GmbH, Zimmer Biomet, B. Braun SE, Medtronic, Stryker, Alcon, Aspen Surgical, Johnson & Johnson, Baxter, and Boston Scientific.
Market Scope:
One of the report’s central components is the broad Precision Surgery Device market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Reports Highlights:
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The global Precision Surgery Device market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Precision Surgery Device sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented the global precision surgery device market based on type, application, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Handheld Surgical Devices
Electrosurgical Devices
Application Outlook (Revenue, USD Billion; 2019-2030)
Neurosurgery
Cardiovascular
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Regional Bifurcation of the Precision Surgery Device Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Radical Features of the Precision Surgery Device Market Report:
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At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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