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In 2022, the market size for surgical robots was estimated at USD 107.2 million. From 2023 to 2030, the market will increase at a CAGR of 13.1%. Key competitors in the Japan Surgical Robots Market are aggressively promoting their goods to stay competitive and draw in customers from around the globe.
During the projection period (2023-2030), the market for surgical robots increased in value from USD 107.6 million in 2022 to USD 297.1 million in 2030, at a CAGR OF 13.01%. As domestic firms compete with American manufacturers who previously dominated the industry, the surgical robot market is becoming more and more competitive. Public health insurance is currently providing coverage for a growing number of robotic procedures in Japan. These robots might be used more frequently if costs come down as a result of more competition. The first domestically developed surgical robot, called as "hinotori," was released in 2020 by Medicaroid, a collaboration between Japan's Kawasaki Heavy Industries and Japanese clinical testing equipment producer Sysmex, to challenge Intuitive Surgical's monopoly in the surgical robot market. They claim that their device is easier to transport, especially in small operating rooms.
The Hugo system was launched by Irish medical equipment manufacturer Medtronic in December 2022. The robot can be set up differently depending on the type of work being conducted thanks to its four independent arms.
Driving Factors
In recent years, the market for surgical robots in Japan has expanded dramatically, and it is projected that this trend will continue to increase in the years to come. The fact that Japan has some of the oldest populations in the world, with a sizeable share of its population being over 65, is one of the main causes of this rise. The demand for surgical procedures as well as other healthcare services has increased as a result. The market is also growing, mainly as a result of the rise in demand for less invasive procedures. With new developments being made in fields like artificial intelligence and machine learning, surgical robots is continually changing. As a result of these developments, the surgical robotics market in Japan is predicted to encounter unique prospects for innovation and expansion. The Japanese government has also been actively encouraging the use of cutting-edge medical technologies, such as robotic surgery equipment. The market has grown as a result of this support. The advanced healthcare system in Japan is also well-suited to promote the use of cutting-edge medical advancements like surgical robots. Overall, it is anticipated that these factors will continue to fuel expansion in the surgical robots market in Japan over the next years.
Restraining Factors
The expense of obtaining and maintaining surgical robots restricts the growth of the surgical business and may prevent some hospitals and healthcare organisations from implementing them. It can take a long time and be expensive to obtain regulatory approval for new technologies in the highly regulated field of surgical robotics. For smaller businesses or those without significant financial means, this may be a barrier to entry. Furthermore, there are many well-known businesses worldwide and a fierce competition on the Japanese market for surgical robots. This may make it challenging for new businesses to establish themselves in the industry. When assessing the surgical robots market's prospective growth in Japan, certain restraints should be taken into account.
Report Coverage
Global Surgical Robots research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Surgical Robots report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Surgical Robots competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Surgical Robots market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Surgical Robots market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Surgical Robots market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Olympus Corporation, venture company, Intuitive Surgical, Medtronic, Johnson & Johnson, Stryker, Siemens Healthineers’ Corindus, Vicarious Surgical, Asensus Surgical, Moon Surgical, Momentus Surgical, Monteris Medical, Titan Medical
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Surgical Robots market based on the below-mentioned segments:
Global Surgical Robots Market, By Type
Global Surgical Robots market, By Application
Global Surgical Robots Market, By End User
Global Surgical Robots market, Regional Analysis
During the projection period (2023-2030), the market for surgical robots increased in value from USD 107.6 million in 2022 to USD 297.1 million in 2030, at a CAGR OF 13.01%. As domestic firms compete with American manufacturers who previously dominated the industry, the surgical robot market is becoming more and more competitive. Public health insurance is currently providing coverage for a growing number of robotic procedures in Japan. These robots might be used more frequently if costs come down as a result of more competition. The first domestically developed surgical robot, called as "hinotori," was released in 2020 by Medicaroid, a collaboration between Japan's Kawasaki Heavy Industries and Japanese clinical testing equipment producer Sysmex, to challenge Intuitive Surgical's monopoly in the surgical robot market. They claim that their device is easier to transport, especially in small operating rooms.
The Hugo system was launched by Irish medical equipment manufacturer Medtronic in December 2022. The robot can be set up differently depending on the type of work being conducted thanks to its four independent arms.
Driving Factors
In recent years, the market for surgical robots in Japan has expanded dramatically, and it is projected that this trend will continue to increase in the years to come. The fact that Japan has some of the oldest populations in the world, with a sizeable share of its population being over 65, is one of the main causes of this rise. The demand for surgical procedures as well as other healthcare services has increased as a result. The market is also growing, mainly as a result of the rise in demand for less invasive procedures. With new developments being made in fields like artificial intelligence and machine learning, surgical robots is continually changing. As a result of these developments, the surgical robotics market in Japan is predicted to encounter unique prospects for innovation and expansion. The Japanese government has also been actively encouraging the use of cutting-edge medical technologies, such as robotic surgery equipment. The market has grown as a result of this support. The advanced healthcare system in Japan is also well-suited to promote the use of cutting-edge medical advancements like surgical robots. Overall, it is anticipated that these factors will continue to fuel expansion in the surgical robots market in Japan over the next years.
Restraining Factors
The expense of obtaining and maintaining surgical robots restricts the growth of the surgical business and may prevent some hospitals and healthcare organisations from implementing them. It can take a long time and be expensive to obtain regulatory approval for new technologies in the highly regulated field of surgical robotics. For smaller businesses or those without significant financial means, this may be a barrier to entry. Furthermore, there are many well-known businesses worldwide and a fierce competition on the Japanese market for surgical robots. This may make it challenging for new businesses to establish themselves in the industry. When assessing the surgical robots market's prospective growth in Japan, certain restraints should be taken into account.
Report Coverage
Global Surgical Robots research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Surgical Robots report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Surgical Robots competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Surgical Robots market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Olympus Corporation, venture company, Intuitive Surgical, Medtronic, Johnson & Johnson, Stryker, Siemens Healthineers’ Corindus, Vicarious Surgical, Asensus Surgical, Moon Surgical, Momentus Surgical, Monteris Medical, Titan Medical |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Surgical Robots Market from 2021 to 2030.
- Market Forecast for Surgical Robots Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Surgical Robots competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Surgical Robots
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Surgical Robots market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Surgical Robots market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Olympus Corporation, venture company, Intuitive Surgical, Medtronic, Johnson & Johnson, Stryker, Siemens Healthineers’ Corindus, Vicarious Surgical, Asensus Surgical, Moon Surgical, Momentus Surgical, Monteris Medical, Titan Medical
Primary Target Market
- Market Players of Surgical Robots
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Surgical Robots market based on the below-mentioned segments:
Global Surgical Robots Market, By Type
- Instrument & Accessories
- Robotic Systems
- Services
Global Surgical Robots market, By Application
- General Surgery,
- Gynaecological Surgery
- Orthopaedic Surgery
- Neurosurgery
Global Surgical Robots Market, By End User
- Hospital, Clinics
- Ambulatory Surgery Centres
- Others
Global Surgical Robots market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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