Market Overview:
The global surgical robotics 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 surgical robots, and rising number of robot-assisted surgeries. Based on type, the laparoscopy segment is expected to account for the largest share of the global surgical robotics market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. Laparoscopy surgery involves insertion of a thin tube with a camera lens and light into an incision in order to view organs or tissues inside the body cavity. This type of surgery offers several benefits over traditional open surgery such as reduced pain, shorter hospital stay, and faster recovery time. Based on application, open surgery is expected to account for the largest share of the global surgical robotics market in 2018.
Product Definition:
Surgical robotics is the application of robotic technology to surgical procedures. It involves the use of a robotic arm or system to assist surgeons in performing complex surgical tasks. The importance of surgical robotics lies in its ability to provide greater precision and dexterity than is possible with manual surgery, thus improving patient outcomes.
Laparoscopy:
Laparoscopy is a minimally invasive surgical technique that allows the surgeon to view and operate on the affected area without entering the body cavity. It is majorly used for gallbladder removal, hernia repair, and removing tumors or cysts from internal organs such as liver, kidney & lungs. Laparoscopic devices are gaining popularity due to their added advantages over open surgery including less blood loss & faster recovery time.
Orthopedics:
Orthopedics is the branch of medicine that focuses on prevention and treatment of injuries to bones, joints, ligaments and muscles. It also helps in improving body functionality by realigning damaged bones. The orthopedic robotically assisted surgeries are expected to witness lucrative growth over the forecast period owing to increasing geriatric population base coupled with rising incidences of bone fractures caused due to accidents or trauma.
Application Insights:
The global surgical robotics market by application is categorized into open surgery, minimal invasive surgery, and others. The other applications include endoscopic surgeries, arthroscopy/arthroplasty and spinal surgeries. According to the American Society of Plastic Surgeons (ASPS), minimally invasive procedures have a higher success rate than conventional surgeries in many cases. Minimally invasive procedures require the use of surgical robots for precise movements inside the body for better view or access to different parts.
According to an article published by NCBI in 2018, traditional methods may take longer time but they are more effective as compared to minimally-invasive techniques like keyhole surgery or videoassisted laparoscopic techniques that are used nowadays due largely in part due their increased efficiency coupled with lesser risk involved during procedure performance resulting ultimately providing better patient care experience eventually driving adoption of robotic systems across various healthcare settings globally over next few years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by key companies, rising adoption of robot-assisted surgeries, and growing demand for minimally invasive surgeries. Europe accounted for the second-largest share in terms of revenue generation owing to an increase in healthcare expenditure and favorable reimbursement policies. Moreover, a rise in elderly population suffering from chronic diseases is expected to fuel demand for surgical procedures performed through robotics systems during the forecast period. Asia Pacific is projected to witness lucrative growth over the coming years due to factors such as improving healthcare infrastructure & facilities along with high unmet medical needs coupled with rapidly growing economies like China & India that are leading towards economic development and urbanization resulting into increased need for advanced surgical tools & devices that are compatible with existing regulatory framework which would ensure better patient care at lower costs ultimately benefitting end users (physicians/surgeons).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global surgical robotics market is expected to grow at a CAGR of over 16% during the forecast period. This is primarily owing to the increasing demand for minimally invasive surgeries, which are less traumatic and offer shorter recovery times as compared to traditional open surgery.
- Growing number of robotic-assisted procedures: Robotic-assisted surgery offers several advantages such as precision, dexterity, and control over conventional laparoscopic techniques. This is driving the adoption of surgical robotics across various application segments such as general surgery, gynecology & obstetrics, urology, cardiothoracic surgery, and head & neck surgery.
- Technological advancements in surgical robots: The technological advancements in surgical robots are helping surgeons perform complex procedures with greater accuracy and precision than ever before. This is resulting in higher patient satisfaction rates and fueling the growth of the global surgical robotics market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical Robotics Market Research Report
By Type
Laparoscopy, Orthopedics, Others
By Application
Open Surgery, Minimal Invasive
By Companies
Intuitive Surgical, Stryker, Mazor Robotics, Medtech S.A, THINK Surgical, Restoration Robotics, 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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Surgical Robotics Market Report Segments:
The global Surgical Robotics 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
- Mazor Robotics
- Medtech S.A
- THINK Surgical
- Restoration Robotics
- Medrobotics
- TransEnterix
Highlights of The Surgical Robotics 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 Surgical Robotics 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Surgical robotics is a technology that helps surgeons perform surgery more safely and efficiently. It consists of robotic arms and devices that help surgeons navigate around the body, remove tumors or other medical problems, and stitch up wounds.
Some of the major companies in the surgical robotics market are Intuitive Surgical, Stryker, Mazor Robotics, Medtech S.A, THINK Surgical, Restoration Robotics, Medrobotics, TransEnterix.
The surgical robotics 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. Surgical Robotics 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. Surgical Robotics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surgical Robotics Market - Supply Chain
4.5. Global Surgical Robotics Market Forecast
4.5.1. Surgical Robotics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surgical Robotics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surgical Robotics Market Absolute $ Opportunity
5. Global Surgical Robotics 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. Surgical Robotics Market Size and Volume Forecast by Type
5.3.1. Laparoscopy
5.3.2. Orthopedics
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surgical Robotics 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. Surgical Robotics Market Size and Volume Forecast by Application
6.3.1. Open Surgery
6.3.2. Minimal Invasive
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surgical Robotics 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. Surgical Robotics 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 Surgical Robotics 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. Surgical Robotics 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 Surgical Robotics Demand Share Forecast, 2019-2026
9. North America Surgical Robotics 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 Surgical Robotics 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 Surgical Robotics Market Size and Volume Forecast by Application
9.4.1. Open Surgery
9.4.2. Minimal Invasive
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surgical Robotics Market Size and Volume Forecast by Type
9.7.1. Laparoscopy
9.7.2. Orthopedics
9.7.3. Others
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 Surgical Robotics Demand Share Forecast, 2019-2026
10. Latin America Surgical Robotics 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 Surgical Robotics 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 Surgical Robotics Market Size and Volume Forecast by Application
10.4.1. Open Surgery
10.4.2. Minimal Invasive
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surgical Robotics Market Size and Volume Forecast by Type
10.7.1. Laparoscopy
10.7.2. Orthopedics
10.7.3. Others
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 Surgical Robotics Demand Share Forecast, 2019-2026
11. Europe Surgical Robotics 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 Surgical Robotics 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 Surgical Robotics Market Size and Volume Forecast by Application
11.4.1. Open Surgery
11.4.2. Minimal Invasive
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surgical Robotics Market Size and Volume Forecast by Type
11.7.1. Laparoscopy
11.7.2. Orthopedics
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potenial 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 Surgical Robotics Demand Share, 2019-2026
12. Asia Pacific Surgical Robotics 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 Surgical Robotics 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 Surgical Robotics Market Size and Volume Forecast by Application
12.4.1. Open Surgery
12.4.2. Minimal Invasive
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surgical Robotics Market Size and Volume Forecast by Type
12.7.1. Laparoscopy
12.7.2. Orthopedics
12.7.3. Others
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 Surgical Robotics Demand Share, 2019-2026
13. Middle East & Africa Surgical Robotics 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 Surgical Robotics 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 Surgical Robotics Market Size and Volume Forecast by Application
13.4.1. Open Surgery
13.4.2. Minimal Invasive
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surgical Robotics Market Size and Volume Forecast by Type
13.7.1. Laparoscopy
13.7.2. Orthopedics
13.7.3. Others
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 Surgical Robotics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Surgical Robotics Market: Market Share Analysis
14.2. Surgical Robotics Distributors and Customers
14.3. Surgical Robotics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Intuitive Surgical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stryker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mazor Robotics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Medtech S.A
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. THINK Surgical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Restoration Robotics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Medrobotics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TransEnterix
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