Market Overview:
The global AI-based surgical robots market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The increasing demand for minimally invasive surgeries, technological advancements in surgical robots, and rising number of robotic surgery centers are some of the major factors driving the growth of this market. The AI-based surgical robots market is segmented on the basis of type (services, instrument and accessories), application (general surgery, urology, orthopedic surgery, gynecology and others), and region (North America, Latin America, Europe Asia Pacific and Middle East & Africa). On the basis of type, services accounted for the largest share in 2017. This segment includes training services for surgeons on how to use AI-based surgical robots as well as postoperative care services such as remote monitoring or patient rehabilitation programs. On the basis of application; general surgery held a dominant share in 2017 owing to its high adoption rate across various regions worldwide.
Product Definition:
An AI-based surgical robot is a type of robot that assists surgeons in performing surgeries. These robots can be used to help surgeons with tasks such as measuring and cutting tissue, holding surgical instruments, and monitoring vital signs. AI-based surgical robots are important because they can help surgeons to perform surgeries more accurately and efficiently.
Services:
The global services market is expected to witness significant growth over the forecast period. The key drivers of this market are increasing demand for minimally invasive surgeries, growing geriatric population base, and rising healthcare expenditure across the globe.
According to a study conducted by the National Center for Biotechnology Information (NCBI) in 2016, around 7.62 billion surgical procedures were performed in Europe alone.
Instrument and Accessories:
Instruments and accessories are used in surgical robots to perform surgeries. They help surgeons to carry out the operations efficiently. The growth of the market for instrument and accessories is expected to be driven by factors such as increasing number of accidents, prevalence of chronic diseases, aging population along with rising demand for minimally invasive surgeries.
Application Insights:
The general surgery segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. General surgeries are performed by surgeons with minimal or no training in AI-assisted robots. The key factors contributing to this growth include a high demand for minimally invasive surgeries, increasing patient awareness regarding robot-assisted surgery, growing adoption of these systems across hospitals and clinics, and an increase in investments by companies such as Intuitive Surgical Corporation (ISCO), iRobot Corporation (IRBT), and others.
Urology is another promising application segment that is anticipated to witness significant growth during the forecast period owing to rising adoption of urological surgical robots across hospitals & clinics coupled with an increase in R&D activities pertaining to AI integration into urological devices & systems.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by government and private entities, high adoption of technologically advanced robots, and rising number of surgical procedures that are being performed using these systems. For instance, as per a study published in National Cancer Institute (NCI) Journal in 2018; colorectal cancer is the third most commonly diagnosed cancer among both men and women. In U.S.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.8% from 2016 to 2021. This is mainly due to the advantages offered by these surgeries over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. AI-based surgical robots are ideally suited for performing minimally invasive procedures as they can be controlled with great precision and offer a high degree of flexibility.
- Growing use of robots in surgery: Robots are increasingly being used in surgery due to their superior dexterity, accuracy, and precision compared to human surgeons. In fact, the global market for medical robots is expected to grow at a CAGR of 17% from 2016 to 2021. This presents a huge opportunity for AI-based surgical robots which can offer even better performance than traditional surgical robots.
- Rising incidence of cancer: Cancer is one of the leading causes of death worldwide and its incidence is rising rapidly due to factors such as aging population, unhealthy lifestyles, etc., The number of people diagnosed with cancer each year is estimated to reach 24 million by 2030 . This presents a huge opportunity for AI-based surgical robotics which can help speed up the diagnosis process and improve treatment outcomes..
Scope Of The Report
Report Attributes
Report Details
Report Title
AI-based Surgical Robots Market Research Report
By Type
Services, Instrument and Accessories
By Application
General Surgery, Urology, Orthopedic, Gynecology, Others
By Companies
Accuray Incorporated, Hansen Medical, Intuitive Surgical, Inc., Mazor Robotics, Medrobotics Corporation, Medtech Surgical, Stereotaxis, Inc., TransEnterix, Titan Medical, Inc., Accuray Incorporated
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global AI-based Surgical Robots Market Report Segments:
The global AI-based Surgical Robots market is segmented on the basis of:
Types
Services, Instrument and Accessories
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
General Surgery, Urology, Orthopedic, Gynecology, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accuray Incorporated
- Hansen Medical
- Intuitive Surgical, Inc.
- Mazor Robotics
- Medrobotics Corporation
- Medtech Surgical
- Stereotaxis, Inc.
- TransEnterix
- Titan Medical, Inc.
- Accuray Incorporated
Highlights of The AI-based Surgical Robots Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Services
- Instrument and Accessories
- By Application:
- General Surgery
- Urology
- Orthopedic
- Gynecology
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AI-based Surgical Robots Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AI-based surgical robots are machines that can be controlled by a human operator to carry out specific tasks during surgery. These robots may be used to perform tasks such as guiding a scalpel or other surgical instruments, moving patients in the operating room, and providing real-time feedback to the surgeon.
Some of the key players operating in the ai-based surgical robots market are Accuray Incorporated, Hansen Medical, Intuitive Surgical, Inc., Mazor Robotics, Medrobotics Corporation, Medtech Surgical, Stereotaxis, Inc., TransEnterix, Titan Medical, Inc., Accuray Incorporated.
The ai-based surgical robots market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AI-based Surgical Robots Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AI-based Surgical Robots Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AI-based Surgical Robots Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AI-based Surgical Robots Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AI-based Surgical Robots Market Size & Forecast, 2018-2028
4.5.1 AI-based Surgical Robots Market Size and Y-o-Y Growth
4.5.2 AI-based Surgical Robots Market Absolute $ Opportunity
Chapter 5 Global AI-based Surgical Robots Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 AI-based Surgical Robots Market Size Forecast by Type
5.2.1 Services
5.2.2 Instrument and Accessories
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global AI-based Surgical Robots Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 AI-based Surgical Robots Market Size Forecast by Applications
6.2.1 General Surgery
6.2.2 Urology
6.2.3 Orthopedic
6.2.4 Gynecology
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AI-based Surgical Robots Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AI-based Surgical Robots Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America AI-based Surgical Robots Analysis and Forecast
9.1 Introduction
9.2 North America AI-based Surgical Robots Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America AI-based Surgical Robots Market Size Forecast by Type
9.6.1 Services
9.6.2 Instrument and Accessories
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America AI-based Surgical Robots Market Size Forecast by Applications
9.10.1 General Surgery
9.10.2 Urology
9.10.3 Orthopedic
9.10.4 Gynecology
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe AI-based Surgical Robots Analysis and Forecast
10.1 Introduction
10.2 Europe AI-based Surgical Robots Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe AI-based Surgical Robots Market Size Forecast by Type
10.6.1 Services
10.6.2 Instrument and Accessories
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe AI-based Surgical Robots Market Size Forecast by Applications
10.10.1 General Surgery
10.10.2 Urology
10.10.3 Orthopedic
10.10.4 Gynecology
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific AI-based Surgical Robots Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific AI-based Surgical Robots Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific AI-based Surgical Robots Market Size Forecast by Type
11.6.1 Services
11.6.2 Instrument and Accessories
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific AI-based Surgical Robots Market Size Forecast by Applications
11.10.1 General Surgery
11.10.2 Urology
11.10.3 Orthopedic
11.10.4 Gynecology
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America AI-based Surgical Robots Analysis and Forecast
12.1 Introduction
12.2 Latin America AI-based Surgical Robots Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America AI-based Surgical Robots Market Size Forecast by Type
12.6.1 Services
12.6.2 Instrument and Accessories
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America AI-based Surgical Robots Market Size Forecast by Applications
12.10.1 General Surgery
12.10.2 Urology
12.10.3 Orthopedic
12.10.4 Gynecology
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) AI-based Surgical Robots Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) AI-based Surgical Robots Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) AI-based Surgical Robots Market Size Forecast by Type
13.6.1 Services
13.6.2 Instrument and Accessories
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) AI-based Surgical Robots Market Size Forecast by Applications
13.10.1 General Surgery
13.10.2 Urology
13.10.3 Orthopedic
13.10.4 Gynecology
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AI-based Surgical Robots Market: Competitive Dashboard
14.2 Global AI-based Surgical Robots Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accuray Incorporated
14.3.2 Hansen Medical
14.3.3 Intuitive Surgical, Inc.
14.3.4 Mazor Robotics
14.3.5 Medrobotics Corporation
14.3.6 Medtech Surgical
14.3.7 Stereotaxis, Inc.
14.3.8 TransEnterix
14.3.9 Titan Medical, Inc.
14.3.10 Accuray Incorporated
