Market Overview:
The global intelligent surgical robot market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The increasing demand for minimally invasive surgeries, technological advancements in surgical robots, and rising number of hospitals are some of the major factors driving the growth of this market. By type, laparoscopy is expected to be the fastest-growing segment during the forecast period. By application, open surgery is expected to be the largest segment during the forecast period. North America is estimated to account for majority share in terms of revenue in 2018 and Asia Pacific is projected to be fastest-growing region during the forecast period.
Product Definition:
Intelligent surgical robot is a type of robot that is specifically designed for use in surgery. These robots are often equipped with advanced sensors and tools that allow them to interact safely and effectively with the human body. They can be used for a variety of surgeries, including minimally invasive procedures.
Laparoscopy:
Laparoscopy is a minimally invasive surgical technique that involves operating inside the abdominal cavity. It's major use is in treating diseases or disorders of the gastrointestinal tract, gallbladder and pancreas. The procedure can be used to treat patients suffering from chronic pancreatitis, cancer of the liver & bile ducts and common bile duct obstruction as well as acute pancreatitis.
Orthopedics:
Orthopedics is the branch of medicine dealing with prevention, diagnosis, and treatment of injuries and diseases related to musculoskeletal system. The Intelligent Surgical Robot (ISR) market is expected to witness lucrative growth over the forecast period owing to increasing incidence rate of orthopedic disorders coupled with rising geriatric population base across the globe.
Application Insights:
Based on application, the market is segmented into open surgery, minimal invasive surgery and others. The others segment includes endoscopic surgeries and arthroscopy laparoscopy procedures. Minimally invasive surgeries require an increased number of surgical robots as compared to other types of surgeries due to the need for precision in handling small organs or body parts. According to a study published in 2014 by the National Center for Biotechnology Information (NCBI) - Genome-wide association studies (GWAS) identify susceptibility loci for Crohn's disease at 1q23 and 2p13 regions which accounts for around 20% of total heritability.
Regional Analysis:
North America dominated the global intelligent surgical robot market in 2017. This can be attributed to factors such as increasing R&D investments by key players, rising adoption of technologically advanced products, and high healthcare expenditure in the region. Moreover, growing demand for minimally invasive surgeries is also expected to drive growth over the forecast period. Europe accounted for a significant share owing to factors such as favorable government initiatives and high geriatric population that need long-term care are driving market growth over this region.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgical procedures is expected to grow at a CAGR of 6.8% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgeries, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. The use of intelligent surgical robots can further enhance the efficacy of these procedures by providing greater precision and control.
- Growing geriatric population: The global geriatric population is expected to reach 1.6 billion by 2020, creating a large pool of patients susceptible to various age-related diseases such as cancer, arthritis, and Alzheimer’s disease. This presents a major opportunity for the development of innovative robotic therapies that can help improve the quality of life for these patients. Intelligent surgical robots can play an important role in this regard by assisting in more accurate diagnosis and treatment planning as well as reducing post-operative complications rates in elderly patients..
Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent Surgical Robot Market Research Report
By Type
Laparoscopy, Orthopedics, Others
By Application
Open Surgery, Minimal Invasive
By Companies
Intuitive Surgical, Stryker, Restoration Robotics, Medtech S.A, Mazor Robotics, THINK Surgical, Medrobotics, TransEnterix
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Intelligent Surgical Robot Market Report Segments:
The global Intelligent Surgical Robot market is segmented on the basis of:
Types
Laparoscopy, Orthopedics, Others
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
Open Surgery, Minimal Invasive
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:
- Intuitive Surgical
- Stryker
- Restoration Robotics
- Medtech S.A
- Mazor Robotics
- THINK Surgical
- Medrobotics
- TransEnterix
Highlights of The Intelligent Surgical Robot 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:
- Laparoscopy
- Orthopedics
- Others
- By Application:
- Open Surgery
- Minimal Invasive
- 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 Intelligent Surgical Robot 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.
How you may use our products:
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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?
An intelligent surgical robot is a machine that assists surgeons during surgery. It can be used to perform tasks such as guiding instruments and monitoring patients.
Some of the major companies in the intelligent surgical robot market are Intuitive Surgical, Stryker, Restoration Robotics, Medtech S.A, Mazor Robotics, THINK Surgical, Medrobotics, TransEnterix.
The intelligent surgical robot market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intelligent Surgical Robot 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 Intelligent Surgical Robot Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intelligent Surgical Robot 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 Intelligent Surgical Robot 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 Intelligent Surgical Robot Market Size & Forecast, 2018-2028
4.5.1 Intelligent Surgical Robot Market Size and Y-o-Y Growth
4.5.2 Intelligent Surgical Robot Market Absolute $ Opportunity
Chapter 5 Global Intelligent Surgical Robot 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 Intelligent Surgical Robot Market Size Forecast by Type
5.2.1 Laparoscopy
5.2.2 Orthopedics
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Intelligent Surgical Robot 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 Intelligent Surgical Robot Market Size Forecast by Applications
6.2.1 Open Surgery
6.2.2 Minimal Invasive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intelligent Surgical Robot 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 Intelligent Surgical Robot 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 Intelligent Surgical Robot Analysis and Forecast
9.1 Introduction
9.2 North America Intelligent Surgical Robot 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 Intelligent Surgical Robot Market Size Forecast by Type
9.6.1 Laparoscopy
9.6.2 Orthopedics
9.6.3 Others
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 Intelligent Surgical Robot Market Size Forecast by Applications
9.10.1 Open Surgery
9.10.2 Minimal Invasive
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 Intelligent Surgical Robot Analysis and Forecast
10.1 Introduction
10.2 Europe Intelligent Surgical Robot 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 Intelligent Surgical Robot Market Size Forecast by Type
10.6.1 Laparoscopy
10.6.2 Orthopedics
10.6.3 Others
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 Intelligent Surgical Robot Market Size Forecast by Applications
10.10.1 Open Surgery
10.10.2 Minimal Invasive
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 Intelligent Surgical Robot Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Intelligent Surgical Robot 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 Intelligent Surgical Robot Market Size Forecast by Type
11.6.1 Laparoscopy
11.6.2 Orthopedics
11.6.3 Others
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 Intelligent Surgical Robot Market Size Forecast by Applications
11.10.1 Open Surgery
11.10.2 Minimal Invasive
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 Intelligent Surgical Robot Analysis and Forecast
12.1 Introduction
12.2 Latin America Intelligent Surgical Robot 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 Intelligent Surgical Robot Market Size Forecast by Type
12.6.1 Laparoscopy
12.6.2 Orthopedics
12.6.3 Others
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 Intelligent Surgical Robot Market Size Forecast by Applications
12.10.1 Open Surgery
12.10.2 Minimal Invasive
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) Intelligent Surgical Robot Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Intelligent Surgical Robot 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) Intelligent Surgical Robot Market Size Forecast by Type
13.6.1 Laparoscopy
13.6.2 Orthopedics
13.6.3 Others
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) Intelligent Surgical Robot Market Size Forecast by Applications
13.10.1 Open Surgery
13.10.2 Minimal Invasive
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 Intelligent Surgical Robot Market: Competitive Dashboard
14.2 Global Intelligent Surgical Robot Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intuitive Surgical
14.3.2 Stryker
14.3.3 Restoration Robotics
14.3.4 Medtech S.A
14.3.5 Mazor Robotics
14.3.6 THINK Surgical
14.3.7 Medrobotics
14.3.8 TransEnterix
