Market Overview:
The global robotic surgery 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 and technological advancements in robotic surgery systems. Based on type, the global robotic surgery systems market is segmented into non-invasive surgery robots and other types of robots. Non-invasive surgery robots are further sub-segmented into surgical robotics and laparoscopic robotics. Laparoscopic robotics held the largest share of the global robotic surgery systems market in 2017, owing to its ability to provide superior visualization, dexterity, precision, and control as compared to traditional laparoscopy procedures. Based on application, the global robotic surgery systems market is segmented into orthopedic surgeries, laparoscopy surgeries, neurology surgeries, and other applications such as urology and gynecology surgeries. Orthopedic surgeries accounted for the largest share of the global robotic surgery systems market in 2017 due to rising prevalence of orthopedic diseases across all regions worldwide.
Product Definition:
Robotic surgery systems are computer-assisted surgical devices that allow surgeons to operate on patients remotely. The systems typically consist of a surgeon's console, where the surgeon sits and controls the robot, and a patient cart, which contains the robot's arms. Robotic surgery systems offer several advantages over traditional surgical techniques, including improved precision, reduced trauma to tissues surrounding the surgical site, and faster healing times. Robotic surgery is most commonly used for prostatectomies (removal of the prostate gland), hysterectomies (removal of the uterus), and bariatric surgeries (weight loss surgeries).
Non-invasive Surgery Robots:
Non-invasive surgery robots, it's usage and growth factor in robotic surgery systems market: The global non-invasive surgery robots, it's usage and growth factor in the robotic surgery systems market size was valued at USD 6.5 billion in 2016. It is expected to witness a CAGR of XX% over the forecast period.
Other:
Other is a software platform that integrates robotic surgical systems with cloud-based data management. It provides surgeons and medical staff an all-inclusive view of the patient's health, including information about the treatment plan, preoperative planning, postoperative outcomes and complications as well as generates a comprehensive database for future reference.
Application Insights:
The orthopedic surgery segment dominated the robotic surgery systems market in 2017 and is expected to witness a CAGR of XX% over the forecast period owing to an increase in musculoskeletal diseases, especially among geriatric population. According to a study published by NCBI, it is estimated that around 1-2% of total population of developed countries will develop arthritis during their lifetime. Also, as per the U.S Department of Health & Human Services Office on Women¢â‚¬â„¢s Health, every year around 5 million women are affected by osteoarthritis which leads to disability and death respectively. Therefore, increasing number of patients suffering from musculoskeletal disorders are anticipated to drive demand for robotic surgeries over the forecast period thus contributing towards revenue growth globally in 2030.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing government funding for robotic surgery, rising prevalence of chronic diseases requiring surgical interventions and high adoption rate of technologically advanced medical products. For instance, the “Robotic Surgical Program†initiated by the U.S Department of Defense (DoD) is aimed at developing a collaborative framework with academic institutions and industry partners to facilitate research on robotics-based surgical techniques for DoD patients.
Asia Pacific is expected to register significant growth over the forecast period owing to factors such as improving healthcare infrastructure, growing geriatric population prone to chronic diseases and an increase in demand for minimally invasive surgeries due to increasing incidence of cancer.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Robotic surgery 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 surgery systems worldwide.
- Growing use of robots in general surgery: Robotic surgery is becoming increasingly popular for a wide range of surgical procedures, including general surgeries such as gallbladder removal and hernia repair. As more surgeons become comfortable with using robots for these procedures, the market for robotic surgery systems is expected to grow further.
- Advances in robotics technology: Robotics technology is constantly evolving, with new innovations being introduced regularly. This has helped to make robotic surgery systems more versatile and user-friendly, which is likely to spur further growth in the market over the coming years.
- Rising healthcare expenditure: Healthcare spending is increasing globally as countries invest more resources into their healthcare sectors in order to improve patient outcomes and reduce costs associated with treatment failures or long-term care needs . This is providing a boost to the overall robotics market , including the segment devoted to surgical robotics . 5) Growing awareness about benefits of robot-assisted surgeries :Robotic assisted surgeries offer several benefits such as precision , dexterity , control & flexibility which leads lesser complications & faster recoveries than traditional methods .This has led many people across globe are aware about benefits offered by robot –assisted surgeries that are driving this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Robotic Surgery Systems Market Research Report
By Type
Non-invasive Surgery Robots, Other
By Application
Orthopedic, Laparoscopy, Neurology
By Companies
Intuitive Surgical,Inc., Computer Motion,Inc., Integrated Surgical, Stryker, Accuray, Medrobotics, Titan Medicals, Stereotaxis
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Robotic Surgery Systems Market Report Segments:
The global Robotic Surgery Systems market is segmented on the basis of:
Types
Non-invasive Surgery Robots, 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
Orthopedic, Laparoscopy, Neurology
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,Inc.
- Computer Motion,Inc.
- Integrated Surgical
- Stryker
- Accuray
- Medrobotics
- Titan Medicals
- Stereotaxis
Highlights of The Robotic Surgery 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:
- Non-invasive Surgery Robots
- Other
- By Application:
- Orthopedic
- Laparoscopy
- Neurology
- 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 Surgery 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 surgery systems are medical devices that help surgeons perform surgeries more efficiently and effectively. They allow the surgeon to work from a remote location, which can reduce the amount of time spent on each surgery.
Some of the key players operating in the robotic surgery systems market are Intuitive Surgical,Inc., Computer Motion,Inc., Integrated Surgical, Stryker, Accuray, Medrobotics, Titan Medicals, Stereotaxis.
The robotic surgery systems market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Robotic Surgery Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Robotic Surgery Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Robotic Surgery Systems Market - Supply Chain
4.5. Global Robotic Surgery Systems Market Forecast
4.5.1. Robotic Surgery Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Robotic Surgery Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Robotic Surgery Systems Market Absolute $ Opportunity
5. Global Robotic Surgery Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Robotic Surgery Systems Market Size and Volume Forecast by Type
5.3.1. Non-invasive Surgery Robots
5.3.2. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Robotic Surgery Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Robotic Surgery Systems Market Size and Volume Forecast by Application
6.3.1. Orthopedic
6.3.2. Laparoscopy
6.3.3. Neurology
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Robotic Surgery Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Robotic Surgery Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Robotic Surgery Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Robotic Surgery Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Robotic Surgery Systems Demand Share Forecast, 2019-2026
9. North America Robotic Surgery Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Robotic Surgery Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Robotic Surgery Systems Market Size and Volume Forecast by Application
9.4.1. Orthopedic
9.4.2. Laparoscopy
9.4.3. Neurology
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Robotic Surgery Systems Market Size and Volume Forecast by Type
9.7.1. Non-invasive Surgery Robots
9.7.2. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Robotic Surgery Systems Demand Share Forecast, 2019-2026
10. Latin America Robotic Surgery Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Robotic Surgery Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Robotic Surgery Systems Market Size and Volume Forecast by Application
10.4.1. Orthopedic
10.4.2. Laparoscopy
10.4.3. Neurology
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Robotic Surgery Systems Market Size and Volume Forecast by Type
10.7.1. Non-invasive Surgery Robots
10.7.2. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Robotic Surgery Systems Demand Share Forecast, 2019-2026
11. Europe Robotic Surgery Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Robotic Surgery Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Robotic Surgery Systems Market Size and Volume Forecast by Application
11.4.1. Orthopedic
11.4.2. Laparoscopy
11.4.3. Neurology
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Robotic Surgery Systems Market Size and Volume Forecast by Type
11.7.1. Non-invasive Surgery Robots
11.7.2. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Robotic Surgery Systems Demand Share, 2019-2026
12. Asia Pacific Robotic Surgery Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Robotic Surgery Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Robotic Surgery Systems Market Size and Volume Forecast by Application
12.4.1. Orthopedic
12.4.2. Laparoscopy
12.4.3. Neurology
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Robotic Surgery Systems Market Size and Volume Forecast by Type
12.7.1. Non-invasive Surgery Robots
12.7.2. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Robotic Surgery Systems Demand Share, 2019-2026
13. Middle East & Africa Robotic Surgery Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Robotic Surgery Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Robotic Surgery Systems Market Size and Volume Forecast by Application
13.4.1. Orthopedic
13.4.2. Laparoscopy
13.4.3. Neurology
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Robotic Surgery Systems Market Size and Volume Forecast by Type
13.7.1. Non-invasive Surgery Robots
13.7.2. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Robotic Surgery Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Robotic Surgery Systems Market: Market Share Analysis
14.2. Robotic Surgery Systems Distributors and Customers
14.3. Robotic Surgery Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Intuitive Surgical,Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Computer Motion,Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Integrated Surgical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Stryker
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Accuray
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Medrobotics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Titan Medicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Stereotaxis
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
