Artificial Intelligence
AI-based Surgical Robots Market Size & Share to Surpass $23.8 Billion by 2030 | Vantage Market Research
WASHINGTON, Aug. 07, 2023 (GLOBE NEWSWIRE) — According to Vantage Market Research, the AI-based Surgical Robots Market is experiencing robust growth driven by several key factors. The increasing preference for minimally invasive surgical procedures, coupled with the rising incidence of chronic diseases, is fueling the demand for advanced surgical technologies.
According to Vantage Market Research, the Global AI-based Surgical Robots Market is projected to reach a value of USD 23.8 Billion by 2030 and is expected to exhibit a CAGR of 18.6% from 2023 to 2030. The global CBD Nutraceuticals Industry is valued at USD 6.1 Billion in 2022.
AI-based Surgical Robots bring forth a multitude of advantages, including heightened precision, minimized risk of human error, enhanced surgical results, and faster recovery periods. These compelling benefits have spurred an augmented uptake of AI-based Surgical Robots among healthcare providers. The AI-based Surgical Robots market is underpinned by a range of factors, including the escalating incidence of chronic ailments necessitating surgical procedures, the expanding elderly population, and progressive strides in artificial intelligence and robotic technology. Moreover, the growing call for minimally invasive surgeries and the imperative to curtail healthcare expenditures serve as additional driving forces propelling the market forward.
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Market Dynamics: AI-based Surgical Robots Market
AI-Based Surgical Robots Redefine Precision and Patient Recovery
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Top Companies in the Global AI-based Surgical Robots Market
- Accuray Incorporated (U.S.)
- Intuitive Surgical Inc. (U.S.)
- Medtronic PLC (Ireland)
- Medrobotics Corp. (U.S.)
- Zimmer Biomet (U.S.)
- Stereotaxis Inc. (U.S.)
- Transenterix Inc. (U.S.)
- Stryker Corporation (U.S.)
- Activ Surgical Inc. (U.S.)
- Titan Medical Inc. (Canada)
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Top Trends in Global AI-based Surgical Robots Market
Governments across the globe are making substantial healthcare investments to enhance patient well-being. These investments are channeled into supporting the research and innovation of novel medical technologies, notably encompassing AI-based Surgical Robots. Consequently, the AI-based Surgical Robots market is poised for remarkable expansion. Furthermore, the ascendancy of robotic surgery is attributable to its array of merits, encompassing diminished pain, abbreviated hospital stays, and hastened recuperation periods. This trend has spurred a pronounced surge in the utilization of robotic-assisted surgical procedures, manifesting as a tangible augmentation in surgical interventions conducted through robotic means.
Top Report Findings
- By Type, the Services segment is anticipated to mention the market’s fastest growth during the forecast period.
- By Application, the Neurology segment is expected to witness maximum market growth over the projected period.
- In 2022, North America dominated the market with the highest revenue share of 48.5%.
- Asia Pacific is expected to witness maximum market growth during the forecast period.
Overcoming Challenges of AI-based Surgical Robots Industry
The realm of AI-based Surgical Robots stands as a pinnacle of technological advancement, necessitating substantial investments across research, development, manufacturing, and maintenance domains. The elevated cost associated with these cutting-edge robots may engender accessibility barriers, particularly for hospitals and healthcare facilities in developing nations or smaller healthcare setups. Moreover, the comprehensive training of surgeons and medical practitioners to adeptly operate these robotic systems also entails a considerable financial commitment.
Global AI-based Surgical Robots Market Segmentation
By Type
- Services
- Instruments & Accessories
By Application
- Laparoscopy
- Orthopedic
- Neurology
- Urology
- Gynecology
- Other Applications
Browse market data Tables and Figures spread through 146 Pages and in-depth TOC on AI-based Surgical Robots Market Forecast Report (2023-2030).
Exploring Opportunities:
At present, the realm of AI-based Surgical Robots has found its application primarily in urology, gynecology, and general surgery. However, the horizon of this market is poised for an expansive shift as it embarks on a journey into novel surgical domains. The fields of neurosurgery, orthopedics, and cardiovascular surgery emerge as fertile grounds for the growth and integration of AI-based Surgical Robots. These remarkable machines hold the promise of delivering the impeccable precision, unwavering stability, and unparalleled accuracy requisite for intricate procedures within these specialized realms.
Intuitive Surgical, the visionary force behind the da Vinci Surgical System, is already at the vanguard of this transformative wave, venturing into the augmentation of its robotic marvel across additional surgical disciplines. Moreover, the disruptive impact of the COVID-19 pandemic has spurred an even more rapid acceleration in the embrace of telemedicine and remote surgery, unfurling novel avenues for the expansion of AI-based Surgical Robots. In this novel paradigm, surgical virtuosos can commandeer robotic interventions from remote locations, extending the reach of specialized surgical prowess even into underserved enclaves.
Recent Development
- In May 2023, Medtronic Private Limited joined forces with AIIMS New Delhi to unveil a cutting-edge surgical robotics training center at AIIMS, New Delhi, cementing their commitment to advancing surgical excellence.
- October 2022 witnessed a pivotal moment for Medtronic plc, as they proudly heralded three momentous global market-entrance and indication expansion approvals for their Hugo™ robotic-assisted surgery (RAS) system, propelling the boundaries of robotic surgical innovation.
- In a significant stride in May 2022, Zimmer Biomet Holdings, Inc. introduced an era of enriched capabilities through the integration of artificial intelligence¹ (AI) within the Omni™ Suite.
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Key Questions Answered in AI-based Surgical Robots Market Report
- What are the primary driving factors behind the adoption of AI-based surgical robots in the medical industry?
- How does the integration of AI enhance the precision and accuracy of minimally invasive surgical procedures?
- What role does AI play in mitigating surgical complications and improving patient outcomes?
- What are the key advancements and innovations in AI-based surgical robot technology?
- How is the regulatory landscape shaping the growth and deployment of AI-based surgical robots?
- What are the current challenges and limitations associated with the use of AI-based surgical robots?
- What is the market outlook for AI-based surgical robots in terms of growth and expansion?
- How are healthcare institutions and medical professionals adapting to the incorporation of AI-based surgical robots?
- What are the potential cost-efficiency and resource-saving benefits associated with these advanced surgical technologies?
Regional Analysis
North America stands as the eminent stage, commanding the spotlight with a leading role in the year 2022. This prominence is attributed to an ensemble of robust enterprises, a symphony of augmented research and development investments, and a well-entrenched healthcare infrastructure that sets the stage for transformative advancements. Within this panorama, the United States takes center stage, embodying the grandeur of the region’s AI-based Surgical Robots industry. A prolific hub of medical device manufacturers, the United States resonates with the crescendo of a burgeoning demand for minimally invasive surgeries, harmonizing seamlessly with the technological rhythms of AI-based Surgical Robots.
Meanwhile, the Asia-Pacific region emerges as a crescendo of growth, orchestrating an opus of unparalleled expansion in the realm of AI-based Surgical Robots. This symphony of growth is orchestrated by the crescendo of escalating healthcare expenditure, a burgeoning appetite for cutting-edge healthcare services, and the harmonious chords of intensified investments in research and development. Within this symphonic composition, Japan commands a leading note, serving as the prelude to the region’s AI-based Surgical Robots market. With a chorus of key players and a cadence of heightened investments in research and development, Japan resonates as the heart of this transformative journey.
Scope of the Report:
| Report Attributes | Details |
| Market Size in 2022 | USD 6.1 Billion |
| Revenue Forecast by 2030 | USD 23.8 Billion |
| CAGR | 18.6% from 2023 to 2030 |
| Base Year | 2022 |
| Forecast Year | 2023 to 2030 |
| Key Players | Accuray Incorporated, Intuitive Surgical Inc., Medtronic PLC (Ireland), Medrobotics Corp., Zimmer Biomet, Stereotaxis Inc., Transenterix Inc., Stryker Corporation, Activ Surgical Inc |
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Artificial Intelligence
Healthcare Analytics Market to Garner a Valuation of USD 139.34 Billion by 2030, Exhibiting 23.31% CAGR, With North America Leading the Market Due to Advanced Healthcare Infrastructure, Projects Kings Research
DUBAI, UAE, Oct. 3, 2023 /PRNewswire/ — As per the latest report published by Kings Research, the global Healthcare Analytics Market size was recorded at USD 24.45 billion in 2022 and is estimated to grow to USD 139.34 billion by 2030, exhibiting a CAGR of 23.31% over the forecast period of 2023- 2030. The healthcare industry has embraced analytics to address the challenges of inadequate patient care, rising treatment costs, and low levels of patient engagement and retention. By leveraging healthcare analytics, the industry aims to improve patient care and operational efficiency, which is fueling market expansion.
Healthcare analytics leverages extensive data collection to provide organizations with practical insights, enabling them to make informed decisions in real-time. Through analytical methodologies, these insights facilitate improved planning, management, measurement, and learning. Furthermore, healthcare institutions around the globe are prioritizing cost reduction, enhancing care team coordination, and elevating patient care. Moreover, newer market entrants are introducing innovative healthcare delivery approaches, intensifying market competition. Consequently, healthcare analytics systems primarily concentrate on big data, offering potential benefits such as cost reduction, enhanced efficiency, and better patient treatment.
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Competitive Landscape
Key participants in the global healthcare analytics market are emphasizing acquisitions as a primary approach for expanding their businesses. For instance, in June 2022, Oracle Corporation took over Cerner Corporation intending to integrate Cerner’s clinical abilities with its own expertise in enterprise platform analytics and automation.
Leading companies in the global healthcare analytics market include:
Optum, Inc.Wipro LimitedAllscripts Healthcare, LLCCerner CorporationHealth CatalystInovalonMcKesson CorporationIBMMEDEANALYTICS, INC.GENERAL ELECTRICHave an Inquiry? Get in Touch with us @ https://www.kingsresearch.com/enquiry/healthcare-analytics-market-185
Trending Now: Mayo Clinic and Google Cloud Collaborate on AI for Healthcare Data
Google Cloud and Mayo Clinic have joined forces to implement generative artificial intelligence (AI) in the field of healthcare. This collaboration aims to empower clinicians and researchers to swiftly and naturally access information, as stated in a press release dated 7th June 2023.
In the same release, Google Cloud announced that the tool to be utilized in this endeavor, the Enterprise Search in Generative AI App Builder, had become HIPAA compliant. Thomas Kurian, CEO of Google Cloud, stated, “Generative AI has the potential to revolutionize healthcare by enhancing human interactions and streamlining operations like never before. Mayo Clinic is a global leader in harnessing AI for the greater good, and they are a crucial partner in responsibly introducing this transformative technology to healthcare.”
The press release also noted that Mayo Clinic has previously collaborated with Google Cloud to implement analytics, AI, and machine learning (ML) solutions in healthcare.
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Growing Demand for Descriptive Analysis to Spur Market Development
In terms of type, the healthcare analytics market is categorized into predictive analytics, prescriptive analytics, and descriptive analytics.
The descriptive analysis segment is anticipated to dominate the market through the projected timeframe. This growth is primarily attributable to the surging demand for descriptive analysis, which relies on historical patterns to obtain data-driven insights that can enhance the healthcare system’s management, benefiting both organizations and patients.
On Premise Solutions Garner Attention for Their Superior Accessibility in Remote Zones
On the basis of the delivery model, the global healthcare analytics industry is divided into on cloud and on premise.
The on premise segment is leading the market, propelled by its superior accessibility in remote areas. Furthermore, their lower maintenance and operation costs are driving the growth of the segment.
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Rising EHR Adoption to Drive Healthcare Analytics Market Expansion
The widespread use of electronic health records (EHR) has led to a substantial increase in the availability of data for analysis in the healthcare industry. As more healthcare professionals transition from traditional paper-based systems to EHR, a huge volume of data becomes accessible. This presents a unique opportunity to obtain valuable insights and enhance patient care. Consequently, the healthcare analytics market has experienced considerable growth in recent times.
The implementation of EHR has brought about greater operational efficiency and cost savings in healthcare organizations. With the ability to access and analyze real-time data, healthcare providers can identify trends, patterns, and areas for improvement in their workflows and procedures. This not only enhances their productivity but also helps them make informed decisions for better patient care. Moreover, integrating healthcare analytics into clinical decision support systems empowers practitioners to make evidence-based decisions, ultimately leading to enhanced patient outcomes. This widespread adoption of EHR and analytics has revolutionized the healthcare industry, ushering in a more data-driven and patient-centric approach to care.
North America to Lead Market Due to Advanced Healthcare Infrastructure
North America is poised to lead the global healthcare analytics market in the upcoming years due to its advanced healthcare infrastructure, robust technology, and data integration capabilities. This facilitates informed decision-making, enhances patient outcomes, and fosters healthcare innovation. Moreover, the region’s emphasis on R&D activities attracts industry leaders, solidifying its market dominance.
For more information on the report, visit: https://www.kingsresearch.com/healthcare-analytics-market-185
Key Points from TOC:
Chapter 1 Introduction of the Global Healthcare Analytics Market
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions
Chapter 2 Executive Summary
Chapter 3 Research Methodology
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach
Chapter 4 Global Healthcare Analytics Market Outlook
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis
Chapter 5 Impact of Russia-Ukraine War
Chapter 6 Global Healthcare Analytics Market, By Type
Chapter 7 Global Healthcare Analytics Market, By Component
Chapter 8 Global Healthcare Analytics Market, By Delivery Model
Chapter 9 Global Healthcare Analytics Market, By Application
Chapter 10 Global Healthcare Analytics Market, By End User
Chapter 11 Global Healthcare Analytics Market, By Geography
Chapter 12 North America
Chapter 13 Europe
Chapter 14 Asia Pacific
Chapter 15 Middle East & Africa
Chapter 16 Latin America
Chapter 17 Global Healthcare Analytics Market Competitive Landscape
17.1 Overview
17.2 Key Developments
17.3 Key Strategic Developments
17.4 Company Market Ranking
17.5 Regional Footprint
17.6 Industry Footprint
Chapter 18 Company Profiles
18.1 Optum, Inc.
18.1.1 Key Facts
18.1.2 Financial Overview
18.1.3 Product Benchmarking
18.1.4 Recent Developments
18.1.5 Winning Imperatives
18.1.6 Current Focus & Strategies
18.1.7 Threat from competition
18.1.8 SWOT Analysis
18.2 Wipro Limited
18.2.1 Key Facts
18.2.2 Financial Overview
18.2.3 Product Benchmarking
18.2.4 Recent Developments
18.2.5 Winning Imperatives
18.2.6 Current Focus & Strategies
18.2.7 Threat from competition
18.2.8 SWOT Analysis
18.3 Allscripts Healthcare, LLC
18.3.1 Key Facts
18.3.2 Financial Overview
18.3.3 Product Benchmarking
18.3.4 Recent Developments
18.3.5 Winning Imperatives
18.3.6 Current Focus & Strategies
18.3.7 Threat from competition
18.3.8 SWOT Analysis
18.4 Cerner Corporation
18.4.1 Key Facts
18.4.2 Financial Overview
18.4.3 Product Benchmarking
18.4.4 Recent Developments
18.4.5 Winning Imperatives
18.4.6 Current Focus & Strategies
18.4.7 Threat from competition
18.4.8 SWOT Analysis
18.5 Health Catalyst
18.5.1 Key Facts
18.5.2 Financial Overview
18.5.3 Product Benchmarking
18.5.4 Recent Developments
18.5.5 Winning Imperatives
18.5.6 Current Focus & Strategies
18.5.7 Threat from competition
18.5.8 SWOT Analysis
Browse Complete TOC: https://www.kingsresearch.com/toc/healthcare-analytics-market-185
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Artificial Intelligence
Hard Rock and Leo Messi Unveil First Ever Menu for Kids: The Hard Rock Messi Kids Menu
HOLLYWOOD, Fla., Oct. 3, 2023 /PRNewswire/ — Hard Rock International and global brand ambassador, Leo Messi, are taking their partnership to the next level by curating their first-ever Messi menu for kids, “The Hard Rock Messi Kids Menu”. The menu launches today at all participating Hard Rock Cafes and select Hard Rock Hotels worldwide. Expanding on Hard Rock International’s partnership with the world-renowned soccer sensation, “The Hard Rock Messi Kids Menu” features the Messi X Burger, the Messi Golden Chicken Sandwich and other kid-friendly options, along with a special nod to the international sports icon in the form of a complimentary mini golden soccer ball toy, a collectable poster, activity sheet and stickers with every meal.
“As a father of three, I have always had a special connection with kids,” said Leo Messi. “Now with my partners at Hard Rock, we will kick-off the new kids menu, offering families a variety of tasty meals and a fun dining experience.”
Fans can also take some of the Messi magic home with them via a new collection of Hard Rock X Messi 3.0 merchandise, for both kids and adults, including a kid-sized version of the iconic Messi Chef’s Coat and a special mini soccer ball, available at select Rock Shops. A portion of proceeds from the mini soccer balls sold at the Rock Shop will be donated to kid’s charities around the world via the Hard Rock Heals Foundation.
“We’re very excited to partner with Leo Messi on this special addition to the Hard Rock menu,” said Jim Allen, Chairman of Hard Rock International. “We know how much children and their parents alike look up to Leo and we’re proud to offer something wholesome for the whole family to enjoy while visiting our locations around the world.”
For even more fun, fans can scan a QR code to enter a 360 digital experience with Leo Messi himself. They can watch an AI-generated Messi with the Messi Chicken Sandwich or greet fans at the Hard Rock Cafe. Also available on the 360 digital experience is access to purchase the new retail options for kids and adults, a trivia game, wallpaper downloads and more.
For assets from “The Hard Rock Messi Kids Menu” launch event, please see images and b-roll here. For the full release, visit https://news.hardrock.com/.
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Artificial Intelligence
Cloud ERP Market size worth USD 168.34 Billion, Globally, by 2030 at 12.53% CAGR: Verified Market Research®
The “Global Cloud ERP Market Size By Component, By Organization Size, By End-User, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Cloud ERP Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Oct. 3, 2023 /PRNewswire/ — The Global Cloud ERP Market is projected to grow at a CAGR of 12.53% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 55.40 Billion in 2022 and is expected to reach USD 168.34 Billion by the end of the forecast period.
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Browse in-depth TOC on “Cloud ERP Market”
202 – Pages
126 – Tables
37 – Figures
Global Cloud ERP Market: Transformative Growth Fueled by Digital Shift and Construction Industry Adoption
The Global Cloud ERP Market is experiencing unprecedented growth driven by the worldwide digital transformation wave and accelerated adoption within the construction industry. Cloud ERP, a robust and flexible enterprise resource planning solution accessible over the internet, has revolutionized the business landscape. This cloud-based software automates critical operational and financial functions, providing organizations with a unified source of data, order management, supply chain optimization, procurement, production, distribution, and fulfillment capabilities.
Cloud ERP Market Drivers:The market surge is powered by transformative technologies, particularly cloud-based solutions, reshaping business interactions, innovation processes, and data analytics. Cloud ERP empowers organizations to integrate cutting-edge technologies, fostering innovation and sustainable Cloud ERP Market growth. The construction industry’s swift adoption, driven by the opportunities presented during the Covid-19 pandemic, has further accelerated the market’s expansion. Construction companies are leveraging Cloud ERP to stabilize operations and recapture growth opportunities lost during the crisis.
Cloud ERP Market Outlook:The Global Cloud ERP Market is poised for substantial growth, with North America leading the charge. The region boasts a robust technology landscape and hosts a multitude of key Cloud ERP vendors. The market is set to witness continuous expansion, driven by the evolving digital business environment and the construction industry’s ongoing technological transformation efforts.
Key Players and Competitive Landscape:In the competitive landscape of the Global Cloud ERP Market, key players are deploying innovative strategies to secure their market positions. Market ranking analysis reveals the dominance of established vendors, leveraging their expertise to capture significant market shares. Continuous market share analysis highlights the dynamic nature of the industry, encouraging players to engage in key development strategies to maintain their competitive edge.
Cloud ERP stands as a cornerstone in modern business strategies, enhancing operational efficiency, fostering innovation, and offering unparalleled scalability. The market’s trajectory is marked by relentless innovation and strategic moves by key players, shaping the future of enterprise resource management.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Cloud ERP Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Cloud ERP Market into Component, Organization Size, End-User, And Geography.
Cloud ERP Market, by ComponentSolutionServicesCloud ERP Market, by Organization SizeLarge EnterprisesSmall and Medium-sized EnterprisesCloud ERP Market, by End-UserBFSIIT & TelecomHealthcareGovernment and Public SectorAerospace and DefenseRetailOthersCloud ERP Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin AmericaBrowse Related Reports:
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Top 5 Cloud Managed Services using internet to deliver applications
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