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Global Surgical Robots Market Size, Share, Trends, Growth Analysis Report - Segmented By Component, Surgery Type, End User and Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Industry Forecast | 2022 to 2027

Published: January, 2022
ID: 9496
Pages: 100

Industry Analysis

As per our research report, the global surgical robots market size is forecasted to grow 12.2 billion by 2025, registering a CAGR of 12.1% during the period.

Surgical robots are medical robots used while performing computer-assisted surgeries in the appearance and guidance of experts. Operations performed using robot-assisted take less time when compared to conventional surgeries.

MARKET DRIVERS

Growing adoption of minimally invasive surgeries and advancements in the technology are significant contributors to the surgical robots market growth.

At a global level, the trend of robotic surgeries is growing rapidly. These surgeries are performed by surgeons using surgical robots. Benefits associated such as losing less blood, less damage to the body and quick recovery time with the robotic surgeries are majorly increasing the adoption. As per a report published by the American Society of Plastic Surgeons, around 17.7 million surgical and minimally-invasive cosmetic procedures performed in the United States in the year 2018. On the other end, the acceptance for the robotic-assisted cardiac surgeries is also growing since the last few years.

According to a report, the da Vinci (manufactured by Intuitive) is the most used surgical robot in the world in the present situation. Over a million surgeries were happened using this robot in the year 2018, in which 75% of surgery cases were from the United States.

Additionally, factors like increasing elderly people population, robots with the latest version using advance technologies are some of the factors that are responsible for market growth. The growing funds for research and developments of surgical robots to perform complex surgeries are a few of the other factors boosting the demand for surgical robots.

Furthermore, developments in the healthcare infrastructure and the growing number of hospitals which are preferring the robots to do surgeries and the ever-increasing number of minimum invasive procedures are likely to accelerate the surgical robots market growth.

MARKET RESTRAINTS

The cost of surgical robots and surgeries are prohibitive and is the primary factor limiting market growth. The requirement of experienced and skilled surgeons to perform robotic operations, the FDA approved guidelines, and the strict rules and guidelines to be followed to complete the surgeries are other factors impeding the market growth.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

Segments Covered

By component, surgery type, end-user and region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

This research report on the global surgical robots market has been segmented and sub-segmented based on component, surgery type, end-user and region.

Surgical Robots Market Analysis – By Component:

  • Systems
  • Accessories
  • Services

Based on the component, the accessories segment held the majority of the shares in the global surgical robots market in 2019. It is due to the cyclical procurement of instruments and accessories as contradicting the robotic systems is primarily driving the growth of the segment.

Surgical Robots Market Analysis – By Surgery Type:

  • Gynaecological Surgery
  • Urological Surgery
  • Neurosurgery
  • Orthopaedic Surgery
  • General Surgery
  • Other Applications

Based on the surgery type, the general surgery segment is to grow at the highest CAGR during the period. The growth of this segment is majorly influenced by surgical procedures such as Cholecystectomy, Fundoplication, Esophageal Surgery, Gastric Surgery, Pancreatic Surgery, Hepatobiliary surgery, colorectal surgery and Thoracic surgery.

Surgical Robots Market Analysis – By End-User:

  • Hospitals
  • Ambulatory surgery centres

Based on the end-user, hospitals segment is leading with the highest market shares during the forecast period. It is due to the exceptional amenities available associated with the hospitals to perform robotic surgeries is helping this segment to grow faster and also increases the concentration on operations and establish more comfort for surgeons.

Regional Analysis

North American surgical robots market was the market leader in the global market in 2019 with leading the majority of the shares in the market. In Canada to see significant growth in the coming years. It is due to the growing approvals and acceptances of surgical robots used for the surgeries performed in small children. In the U.S., the accessibility of funds for research and development of surgical robots is accelerating the market growth in this country.

European surgical robots market is likely to grow at a CAGR of 8.0% during the forecast period. Europe to hold the second-largest market share during the period due to the growing requirement for the automation in the medical sector for better health and increasing desire for small incisions or daunted surgeries and small kind of robotics.

The surgical robots market in the Asia Pacific is estimated to grow at a briskest growth rate during the period due to the vast patient population and also advanced technology in countries like India and China that make this region grow fast.

Other regions such as Latin America and the Middle East & Africa region are to grow at a quicker rate due to the developing of medical infrastructure in the upcoming years.

Key Players in the Market

As per our analysis, Intuitive Surgical, Medtronic, Stryker, Smith & Nephew are Zimmer Biomet the top 5 companies with a dominating share in the global surgical robots market.

Other companies like Transenterix, Inc., Corindus Vascular Robotics, Renishaw, Auris Health, Inc., Medrobotics Corporation, Think Surgical, CMR Surgical, Verb Surgical, Omnilife Science, Inc., Preceyes BV, China National Scientific Instruments and Materials Corporation (Csimc), Microsure, Titan Medical Inc., Avatera Medical GmbH and Medicaroid Corporation are playing a promising role in the market.

Key developments in the market by the top companies in the recent past:

On February 10, 2020, Intuitive, an innovator of robot-assisted surgery has stated that it has obtained the private medical organization Orpheus Medical to strengthen and widen its growth in integrated informatics.

On January 31, 2020, Medtronic has finished its acquisition of Mazor Robotics for $1.64 billion. This action has shown early signs of accomplishment in its robotic surgery devices, and majorly emphasizes to build spine and brain surgical guidance systems. The robotic surgeries aim to end the competition among the cardiac and vascular space.

On November 27, 2019, Medtronic introduced a new device Mazor X Stealth Edition. This device provides a complete united procedural solution for workflow, execution and surgical planning that confirms spine surgeries. Surgeons feel very easy and comfortable using the Mazor X Stealth Edition robot.

On January 22, 2018, Medrobotics, a medical robotics company, has received the FDA clearance to market their Flex Robotic System which helps in general surgeries, gynaecology and thoracic surgeries in the U.S.

  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Component
      1. Systems
      2. Accessories
      3. Services
      4. Y-o-Y Growth Analysis, By Component
      5. Market Attractiveness Analysis, By Component
      6. Market Share Analysis, By Component
    2. By Surgery Type
      1. Gynaecological Surgery
      2. Urological Surgery
      3. Neurosurgery
      4. Orthopaedic Surgery
      5. General Surgery
      6. Other Applications
      7. Y-o-Y Growth Analysis, By Surgery Type
      8. Market Attractiveness Analysis, By Surgery Type
      9. Market Share Analysis, By Surgery Type
    3. By End-User
      1. Hospitals
      2. Ambulatory surgery centres
      3. Y-o-Y Growth Analysis, By End-User
      4. Market Attractiveness Analysis, By End-User
      5. Market Share Analysis, By End-User
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
      4. Market Attractiveness Analysis      
      5.      Market Share Analysis   
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. Intuitive Surgical
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Medtronic
    3. Stryker
    4. Smith & Nephew
    5. Zimmer Biomet
    6. Transenterix, Inc.
    7. Corindus Vascular Robotics
    8. Renishaw
    9. Auris Health, Inc.
    10. Medrobotics Corporation
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  1. Surgical Robots Market By Region, From 2019-2024 ( USD Million )
  2. Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  3. Systems Market By Region, From 2019-2024 ( USD Million )
  4. Accessories Market By Region, From 2019-2024 ( USD Million )
  5. Services Market By Region, From 2019-2024 ( USD Million )
  6. Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  7. Gynaecological Surgery Market By Region, From 2019-2024 ( USD Million )
  8. Urological Surgery Market By Region, From 2019-2024 ( USD Million )
  9. Neuro Surgery Market By Region, From 2019-2024 ( USD Million )
  10. Orthopadeic Surgery Market By Region, From 2019-2024 ( USD Million )
  11. General Surgery Market By Region, From 2019-2024 ( USD Million )
  12. Other Applications Market By Region, From 2019-2024 ( USD Million )
  13. Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  14. Hospitals Market By Region, From 2019-2024 ( USD Million )
  15. Ambulatory Surgery Centers Market By Region, From 2019-2024 ( USD Million )
  16. North America Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  17. North America Systems Market By Region, From 2019-2024 ( USD Million )
  18. North America Accessories Market By Region, From 2019-2024 ( USD Million )
  19. North America Services Market By Region, From 2019-2024 ( USD Million )
  20. North America Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  21. North America Gynaecological Surgery Market By Region, From 2019-2024 ( USD Million )
  22. North America Urological Surgery Market By Region, From 2019-2024 ( USD Million )
  23. North America Neuro Surgery Market By Region, From 2019-2024 ( USD Million )
  24. North America Orthopadeic Surgery Market By Region, From 2019-2024 ( USD Million )
  25. North America General Surgery Market By Region, From 2019-2024 ( USD Million )
  26. North America Other Applications Market By Region, From 2019-2024 ( USD Million )
  27. North America Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  28. North America Hospitals Market By Region, From 2019-2024 ( USD Million )
  29. North America Ambulatory Surgery Centers Market By Region, From 2019-2024 ( USD Million )
  30. United States Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  31. United States Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  32. United States Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  33. Canada Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  34. Canada Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  35. Canada Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  36. Europe Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  37. Europe Systems Market By Region, From 2019-2024 ( USD Million )
  38. Europe Accessories Market By Region, From 2019-2024 ( USD Million )
  39. Europe Services Market By Region, From 2019-2024 ( USD Million )
  40. Europe Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  41. Europe Gynaecological Surgery Market By Region, From 2019-2024 ( USD Million )
  42. Europe Urological Surgery Market By Region, From 2019-2024 ( USD Million )
  43. Europe Neuro Surgery Market By Region, From 2019-2024 ( USD Million )
  44. Europe Orthopadeic Surgery Market By Region, From 2019-2024 ( USD Million )
  45. Europe General Surgery Market By Region, From 2019-2024 ( USD Million )
  46. Europe Other Applications Market By Region, From 2019-2024 ( USD Million )
  47. Europe Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  48. Europe Hospitals Market By Region, From 2019-2024 ( USD Million )
  49. Europe Ambulatory Surgery Centers Market By Region, From 2019-2024 ( USD Million )
  50. U.K. Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  51. U.K. Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  52. U.K. Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  53. Germany Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  54. Germany Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  55. Germany Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  56. France Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  57. France Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  58. France Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  59. Italy Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  60. Italy Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  61. Italy Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  62. Spain Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  63. Spain Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  64. Spain Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  65. Asia Pacific Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  66. Asia Pacific Systems Market By Region, From 2019-2024 ( USD Million )
  67. Asia Pacific Accessories Market By Region, From 2019-2024 ( USD Million )
  68. Asia Pacific Services Market By Region, From 2019-2024 ( USD Million )
  69. Asia Pacific Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  70. Asia Pacific Gynaecological Surgery Market By Region, From 2019-2024 ( USD Million )
  71. Asia Pacific Urological Surgery Market By Region, From 2019-2024 ( USD Million )
  72. Asia Pacific Neuro Surgery Market By Region, From 2019-2024 ( USD Million )
  73. Asia Pacific Orthopadeic Surgery Market By Region, From 2019-2024 ( USD Million )
  74. Asia Pacific General Surgery Market By Region, From 2019-2024 ( USD Million )
  75. Asia Pacific Other Applications Market By Region, From 2019-2024 ( USD Million )
  76. Asia Pacific Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  77. Asia Pacific Hospitals Market By Region, From 2019-2024 ( USD Million )
  78. Asia Pacific Ambulatory Surgery Centers Market By Region, From 2019-2024 ( USD Million )
  79. Japan Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  80. Japan Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  81. Japan Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  82. China Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  83. China Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  84. China Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  85. India Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  86. India Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  87. India Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  88. Australia Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  89. Australia Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  90. Australia Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  91. South Korea Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  92. South Korea Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  93. South Korea Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  94. Latin America Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  95. Latin America Systems Market By Region, From 2019-2024 ( USD Million )
  96. Latin America Accessories Market By Region, From 2019-2024 ( USD Million )
  97. Latin America Services Market By Region, From 2019-2024 ( USD Million )
  98. Latin America Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  99. Latin America Gynaecological Surgery Market By Region, From 2019-2024 ( USD Million )
  100. Latin America Urological Surgery Market By Region, From 2019-2024 ( USD Million )
  101. Latin America Neuro Surgery Market By Region, From 2019-2024 ( USD Million )
  102. Latin America Orthopadeic Surgery Market By Region, From 2019-2024 ( USD Million )
  103. Latin America General Surgery Market By Region, From 2019-2024 ( USD Million )
  104. Latin America Other Applications Market By Region, From 2019-2024 ( USD Million )
  105. Latin America Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  106. Latin America Hospitals Market By Region, From 2019-2024 ( USD Million )
  107. Latin America Ambulatory Surgery Centers Market By Region, From 2019-2024 ( USD Million )
  108. Brazil Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  109. Brazil Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  110. Brazil Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  111. Argentina Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  112. Argentina Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  113. Argentina Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  114. Mexico Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  115. Mexico Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  116. Mexico Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  117. Rest of Latin America Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  118. Rest of Latin America Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  119. Rest of Latin America Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  120. Middle East and Africa Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  121. Middle East and Africa Systems Market By Region, From 2019-2024 ( USD Million )
  122. Middle East and Africa Accessories Market By Region, From 2019-2024 ( USD Million )
  123. Middle East and Africa Services Market By Region, From 2019-2024 ( USD Million )
  124. Middle East and Africa Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  125. Middle East and Africa Gynaecological Surgery Market By Region, From 2019-2024 ( USD Million )
  126. Middle East and Africa Urological Surgery Market By Region, From 2019-2024 ( USD Million )
  127. Middle East and Africa Neuro Surgery Market By Region, From 2019-2024 ( USD Million )
  128. Middle East and Africa Orthopadeic Surgery Market By Region, From 2019-2024 ( USD Million )
  129. Middle East and Africa General Surgery Market By Region, From 2019-2024 ( USD Million )
  130. Middle East and Africa Other Applications Market By Region, From 2019-2024 ( USD Million )
  131. Middle East and Africa Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  132. Middle East and Africa Hospitals Market By Region, From 2019-2024 ( USD Million )
  133. Middle East and Africa Ambulatory Surgery Centers Market By Region, From 2019-2024 ( USD Million )
  134. Middle East Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  135. Middle East Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  136. Middle East Surgical Robots Market By End-User, From 2019-2024 ( USD Million )
  137. Africa Surgical Robots Market By Component, From 2019-2024 ( USD Million )
  138. Africa Surgical Robots Market By Surgery Type, From 2019-2024 ( USD Million )
  139. Africa Surgical Robots Market By End-User, From 2019-2024 ( USD Million )

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