Market Overview:
The global robotic surgical systems market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, technological advancements in robotic surgical systems, and rising prevalence of chronic diseases. Based on type, the global robotic surgical systems market is segmented into artificial intelligence (AI), 3D imaging technology, and other types. The AI segment is expected to grow at a CAGR of 11.5% during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for AI-enabled robots in minimally invasive surgeries as they offer enhanced precision and accuracy compared with traditional robots. Based on application, the global robotic surgical systems market is segmented into hospitals, research institutes, and other applications such as military & defense and veterinary clinics & hospitals.
Product Definition:
A robotic surgical system (RSS) is a computer-assisted surgical system that enables a surgeon to operate on patients remotely. The RSS consists of three components: the surgeon's console, the patient cart, and the vision system. The surgeon's console contains the necessary equipment for performing surgery, including a video monitor, input devices (e.g., keyboard and mouse), and foot pedals. The patient cart houses an articulated arm with a camera at its end and other tools that can be used during surgery. The vision system relays images from the camera in real time to the surgeon's console.
Artificial Intelligence:
Artificial intelligence (AI) is a set of processes that can be used to create intelligent machines or robots. It helps computers to learn from experience without being explicitly programmed. Artificial intelligence has been around for many decades, but it has undergone several major evolutions before becoming what it is today. The technology was first developed as a research project in the 1950s and 1960s at a time when few people had any idea about its applications beyond the narrow domain of study for computer science and engineering.
3D Imaging Technology:
3D imaging technology is used in robotic surgical systems to provide a real-time image of the surgical field. The 3D imaging helps the surgeon to understand better and perform surgery efficiently. It also provides an enhanced view of captured images that can be helpful for post-operative analysis, thereby improving patient outcomes.
• Enhanced visualization resulting in improved performance.
Application Insights:
Based on application, the robotic surgical systems market is segmented into hospitals, other clinical settings and research institutes. Hospitals dominated the overall market in terms of revenue share in 2017 owing to factors such as increasing patient admissions due to growing population and favorable government policies for healthcare development. In addition, an increase in disposable income levels has led to a rise in demand for advanced medical care facilities that offer minimally invasive surgeries with high precision.
The other clinical settings segment held a significant share of the global robotic surgical systems market owing to rising adoption across various procedures such as gynecology laparoscopy urology and general surgery among others. The growth can be attributed to factors such as technological advancements coupled with increased adoption across various procedures resulting from years of R&D investment by companies involved in developing these devices.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as increasing government initiatives, rising healthcare expenditure, and growing adoption of robotic systems in hospitals for minimally invasive surgeries. For instance, the “Robotic Surgical Program†was launched by the National Institute of Health (NIH) to develop novel robot-assisted surgical techniques that would minimize risks during surgery and help surgeons achieve precision, efficiency, and accuracy when performing complex procedures. The program is aimed at developing innovative technologies for use in both clinical practice and research settings.
Asia Pacific is expected to register a lucrative growth rate over the forecast period owing to increasing awareness about robotic technology among surgeons as well as patients coupled with rising demand from countries such as Japan & South Korea & China for advanced Robotic Systems used during surgeries which are less invasive or need minimal recovery time after surgery compared to conventional methods leading thereby making it an attractive regional market opportunity.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Robotic surgical systems offer a number of advantages over traditional open surgery, including smaller incisions, less pain and blood loss, and shorter hospital stays. This has led to an increase in the demand for robotic surgical systems for both general and specialty surgeries.
- Growing use of robots in healthcare: Robots are increasingly being used in a variety of applications in the healthcare industry, including surgery, patient care and rehabilitation, pharmacy dispensing and laboratory analysis. This is driving growth in the robotic surgical systems market as hospitals invest in new technology to improve patient care.
- Advances in robotics technology: Robotics technology is constantly evolving, with new advances making robots smaller, faster, smarter and easier to use. This is resulting in increased adoption of robotic surgical systems by hospitals worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Robotic Surgical Systems Market Research Report
By Type
Artificial Intelligence, 3D Imaging Technology, Other
By Application
Hospitals, Research Institutes, Other
By Companies
Intuitive Surgical, Transenterix, Johnson&Johnson, Hansen Medical, MEDTECH, Titan Medical, Microbot Medical
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Robotic Surgical Systems Market Report Segments:
The global Robotic Surgical Systems market is segmented on the basis of:
Types
Artificial Intelligence, 3D Imaging Technology, Other
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
Hospitals, Research Institutes, Other
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
- Transenterix
- Johnson&Johnson
- Hansen Medical
- MEDTECH
- Titan Medical
- Microbot Medical
Highlights of The Robotic Surgical Systems 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:
- Artificial Intelligence
- 3D Imaging Technology
- Other
- By Application:
- Hospitals
- Research Institutes
- Other
- 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 Robotic Surgical Systems 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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- Correctly Positioning New 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?
Robotic surgical systems are a type of medical technology that allow surgeons to perform surgery with the help of robots. These systems can be used to perform a variety of surgeries, including procedures such as heart surgery and brain surgery.
Some of the major players in the robotic surgical systems market are Intuitive Surgical, Transenterix, Johnson&Johnson, Hansen Medical, MEDTECH, Titan Medical, Microbot Medical.
The robotic surgical systems market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Robotic Surgical Systems 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 Robotic Surgical Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Robotic Surgical Systems 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 Robotic Surgical Systems 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 Robotic Surgical Systems Market Size & Forecast, 2018-2028
4.5.1 Robotic Surgical Systems Market Size and Y-o-Y Growth
4.5.2 Robotic Surgical Systems Market Absolute $ Opportunity
Chapter 5 Global Robotic Surgical Systems 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 Robotic Surgical Systems Market Size Forecast by Type
5.2.1 Artificial Intelligence
5.2.2 3D Imaging Technology
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Robotic Surgical Systems 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 Robotic Surgical Systems Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Research Institutes
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Robotic Surgical Systems 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 Robotic Surgical Systems 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 Robotic Surgical Systems Analysis and Forecast
9.1 Introduction
9.2 North America Robotic Surgical Systems 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 Robotic Surgical Systems Market Size Forecast by Type
9.6.1 Artificial Intelligence
9.6.2 3D Imaging Technology
9.6.3 Other
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 Robotic Surgical Systems Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Research Institutes
9.10.3 Other
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 Robotic Surgical Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Robotic Surgical Systems 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 Robotic Surgical Systems Market Size Forecast by Type
10.6.1 Artificial Intelligence
10.6.2 3D Imaging Technology
10.6.3 Other
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 Robotic Surgical Systems Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Research Institutes
10.10.3 Other
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 Robotic Surgical Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Robotic Surgical Systems 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 Robotic Surgical Systems Market Size Forecast by Type
11.6.1 Artificial Intelligence
11.6.2 3D Imaging Technology
11.6.3 Other
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 Robotic Surgical Systems Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Research Institutes
11.10.3 Other
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 Robotic Surgical Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Robotic Surgical Systems 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 Robotic Surgical Systems Market Size Forecast by Type
12.6.1 Artificial Intelligence
12.6.2 3D Imaging Technology
12.6.3 Other
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 Robotic Surgical Systems Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Research Institutes
12.10.3 Other
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) Robotic Surgical Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Robotic Surgical Systems 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) Robotic Surgical Systems Market Size Forecast by Type
13.6.1 Artificial Intelligence
13.6.2 3D Imaging Technology
13.6.3 Other
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) Robotic Surgical Systems Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Research Institutes
13.10.3 Other
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 Robotic Surgical Systems Market: Competitive Dashboard
14.2 Global Robotic Surgical Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intuitive Surgical
14.3.2 Transenterix
14.3.3 Johnson&Johnson
14.3.4 Hansen Medical
14.3.5 MEDTECH
14.3.6 Titan Medical
14.3.7 Microbot Medical
