At 13.3% CAGR, the South America Surgical Robots Market is projected to be worth US$ 820.29 million by 2028, says Business Market Insights           

According to Business Market Insights’ research, the South America surgical robots market was valued at US$ 387.14 million in 2022 and is expected to reach US$ 820.29 million by 2028, registering an annual growth rate of 13.3% from 2022 to 2028. Surging number of surgical procedures.

Increasing incidences of chronic diseases, gynecological diseases, orthopedic diseases, urological diseases, neurological diseases, cardiothoracic diseases, etc. are anticipated to generate growth opportunities for Robots-assisted surgery systems, owing to the several advantages associated with them, such as the facilitation of precise, tremor-free surgery and benefits of minimally invasive methods. The adoption of Robotic telesurgery is increasing owing to the rising incidences of cholecystectomy, which is creating growth opportunities for the development of Surgical Robots such as the Puma 560, a Robots that was first used in 1985; it carried out neurosurgical biopsies and the transurethral resection of the prostate. According to the National Air and Space Administration (NASA) Ames Research Center, telesurgery is one of the most intensive research areas, which has further resulted in the advancement opportunities for surgical Robots. Intuitive Surgical Inc has been developing active medical Robots to perform surgeries. For instance, the da Vinci surgical system, an advanced master-slave system, has multiple–slave systems with several Robotic arms or manipulators controlled remotely by a surgeon from a console. These systems use miniaturized operating arms, unlike the one-centimeter surgical arms of the Puma 560, avoiding the need to retract the sides of the incision. The Endo-Wrist features of the operating arms in da vinci also provide seven degrees of movement freedom. Further, newer systems use ergonomically superior open consoles rather than the closed ones of the da Vinci system. Other market opportunities, such as laparo-endoscopic single-site surgery (LESS) Robots, are also being developed by leading market players. The laparo-endoscopic single-site surgery (LESS) Robots insert the camera and multiple instruments through a single incision, preferably the umbilical, in which case there is no scar. Additionally, smaller systems such as the SurgiBot-SPIDER (Single-Port Instrument Delivery Extended Research) systems are being developed, which are significantly less expensive and have not yet gained FDA approval. The Minimally Invasive Neurosurgical Intracranial Robots (MINIR) is one of the newer Robots used to remove brain tumors, based on a CTSM with SMA actuators. The flex system uses cables with variable tension to modulate the flexibility of the endoscope, allowing many procedures to be carried out while using only a fraction of the space required by the da Vinci system. The above-mentioned factors are creating growth opportunities for the Surgical Robots market during the forecast period.

On the contrary, high cost of surgical procedures and Installation hurdles the growth of South America surgical robots market. 

• Based on component, the South America surgical robots market is categorized into instruments & accessories, robotic systems, and services. The instruments & accessories segment held 52.7% market share in 2022, amassing US$ 203.99 million. It is projected to garner US$ 448.35 million by 2028 to expand at 14.0% CAGR during 2022–2028.    
• Based on application, the South America surgical robots market is categorized into urological surgery, orthopedic surgery, general surgery, gynecological surgery, cardiothoracic surgery, neurosurgery, and others. The urological surgery segment held 22.7% market share in 2022, amassing US$ 87.73 million. It is projected to garner US$ 194.02 million by 2028 to expand at 14.1% CAGR during 2022–2028
• Based on end user, the South America surgical robots market is categorized into hospitals, ambulatory surgical centers, and others. The hospitals segment held 66.0% market share in 2022, amassing US$ 255.57 million. It is projected to garner US$ 536.71 million by 2028 to expand at 13.2% CAGR during 2022–2028.
• Based on country, the South America surgical robots market has been categorized into the Brazil, Argentina, and Rest of South America.  Our regional analysis states that Brazil captured 55.3% market share in 2022. It was assessed at US$ 213.97 million in 2022 and is likely to hit US$ 473.20 million by 2028, exhibiting a CAGR of 14.1% during the forecast period.            

Key players dominating the South America surgical robots market are Intuitive Surgical; Smith+Nephew; Johnson & Johnson Services, Inc.; Stryker; Zimmer Biomet; Medtronic; Siemens Healthineers AG; Asensus Surgical, Inc.; and Renishaw plc among others.

• In Mar 2019, Intuitive Surgical da Vinci SP Robots wins clearance for new procedures.
• In June 2022, Stryker Wins FDA Clearance for Q Guidance System for Spine Applications.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com