Middle East & Africa Micro-Surgical Robot Market
Middle East & Africa Micro-Surgical Robot Market is growing at a CAGR of 8.8% to reach US$ 80.95 million by 2028 from US$ 44.73 million in 2022 by Component, Application, and End User.

Published On: Sep 2022

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Middle East & Africa Micro-Surgical Robot Market

At 8.8% CAGR, the Middle East & Africa Micro-Surgical Robot Market is projected to be worth US$ 80.95 million by 2028, says Business Market Insights           

According to Business Market Insights’ research, the Middle East & Africa micro-surgical robot market was valued at US$ 44.73 million in 2022 and is expected to reach US$ 80.95 million by 2028, registering an annual growth rate of 8.8% from 2022 to 2028. Growing popularity of minimally invasive surgical procedures and additional benefits of robotic surgeries in terms of accuracy, repeatability, control, and efficiency.               

The micro-surgical robot market is characterized by the presence of many small and big companies. These companies adopt strategies such as new Component launches, regional expansion, and technological advancements to enlarge their market shares. Micro-surgical robots have become safer and more effective than ever with continuous innovations and technological advancements, boosting their acceptance among the masses.  The active participation of market players in Component innovation and development activities, followed by increased Component approvals by regulatory bodies, are likely to fuel the growth of the micro-surgical robot market in the coming years. This is expected to drive the market during the forecast period.

On the contrary, high value of micro-surgical robots hurdles the growth of Middle East & Africa micro-surgical robot market. 

Based on component type, the Middle East & Africa micro-surgical robot market is divided into instruments and accessories. The instruments micro-surgical robot segment held 66.2% market share in 2022, amassing US$ 29.60 million. It is projected to garner US$ 54.39 million by 2028 to expand at 9.1% CAGR during 2022–2028.    

Based on application type, the Middle East & Africa micro-surgical robot market is categorized into urology surgery, plastic reconstructive surgery, ophthalmic surgery, neurosurgery, lymphatic surgery, ENT surgery, and other. The urology surgery segment held 27.0% market share in 2022, amassing US$ 12.09 million. It is projected to garner US$ 25.50 million by 2028 to expand at 11.3% CAGR during 2022–2028.

Based on end user, the Middle East & Africa micro-surgical robot market is categorized into hospitals and clinics, ambulatory surgical centers, research institutes, and others. The hospitals and clinics segment held 50.8% market share in 2022, amassing US$ 22.71 million. It is projected to garner US$ 42.79 million by 2028 to expand at 9.5% CAGR during 2022–2028.

 

Based on country, the Middle East & Africa micro-surgical robot market has been categorized into the Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa.  Our regional analysis states that Saudi Arabia captured 35.9% market share in 2022. It was assessed at US$ 16.06 million in 2022 and is likely to hit US$ 30.08 million by 2028, exhibiting a CAGR of 9.4% during the forecast period.            

Key players dominating the Middle East & Africa micro-surgical robot market are Microsure B.V; Stryker Corporation; Intuitive Surgical; Medtronic; Ethicon (Johnson & Johnson Services, Inc.); Zimmer Biomet; and ForeSight Robotics LTD. among others.

  • In Nov 2021, Zimmer Biomet Recalls ROSA One 3.1 Brain Application Due to Error in Software.
  • In Mar 2021, ForSight Robotics Raises $10 Million from Eclipse Ventures and Mithril Capital in Seed Round.

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