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By 2030, the global market for surgical robots is projected to be worth USD 18.3 billion, representing a CAGR of 19.9% between 2022 and 2030.
Another factor contributing to the market's expansion is the rising level of investment from both domestic and foreign manufacturers in the development of cutting-edge surgical robots. Minimally invasive operations are the most common application for surgical robots. Additionally, surgical robots can be used for several traditionally open surgical procedures. The use of surgical robots could improve surgical accuracy in areas of the body that are notoriously difficult for human surgeons to access. Surgical robots are used to improve the outcomes of open surgical procedures and are developed to solve the challenges of invasive surgery. Surgical robots can conduct complex procedures with geometrical precision and are already being used in a wide variety of medical specialties, including cardiothoracic, orthopaedic, neurological, general, gynaecological, and obstetrical care. One of the main factors pushing the surgical robotics industry forward is the rising popularity of minimally invasive surgical procedures. An operating surgeon can control a surgical robot's camera arm from the safety of his or her computer, providing a magnified, high-definition 3-D image of the operative site. Rising healthcare automation needs and a growing preference for more complex robotic surgeries are two factors that could increase the market for surgical robots.
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.
Influential Elements
An increase in traffic accidents is expected to boost the surgical robot market throughout the forecast period, which is driven mostly by technological progress. As an illustration, in 2018, the organisation for safe International traffic Travel (ASIRT) estimated that between 20 and 30 million individuals were injured or declared disabled as a result of traffic accidents worldwide. The expansion of the market is anticipated to be fueled by the fact that a number of companies active in the sector have received FDA approval for cutting-edge research and development in robotics automation and image-guided surgery using cutting-edge technological assistance. These advantages of surgical robots, along with the growing need for more efficient medical treatment, are expected to fuel the industry during the next few years.
Limiting Circumstances
The high cost of the instruments and the risk of accidental cuts, blood loss, tears, burns, punctures, or other organ injuries are two of the major factors in the surgical robot market that may limit the market's expansion over the forecast period. The American Congress of Obstetricians and Gynaecologists advises that robotic hysterectomy only be used for uncommon and complex clinical circumstances because to its higher cost compared to minimally invasive surgeries. The increasing frequency of surgical robot-related deaths and injuries is another aspect that will affect the market for surgical robots. In addition, developing nations like Brazil, India, China, and others will offer substantial growth prospects for the robotic surgery industry.
Systematic Analysis of Applications
The global market for surgical robots is divided into the submarkets of general surgery, gynaecological surgery, orthopaedic surgery, and neurological surgery, depending on the type of procedure being performed. Market expansion is anticipated for each of these subsegments, but particularly in neurosurgery, where robots are becoming increasingly popular due to the advantages they offer over traditional surgical methods. Rising rates of both medical innovation and the prevalence of neurological diseases like stroke, Alzheimer's, Parkinson's, epilepsy, chronic migraine, and others. Also, developments in this area have been giving the market a much-needed boost. Neurosurgeons can use Aesculap, Inc.'s DIR800 3D digital infrared fluorescence, which received FDA 510 (k) clearance in February 2021, to observe intraoperative blood flow in the cerebral vascular area and perform a variety of other diagnostic procedures, such as assessing cerebral aneurysm and vessel branch occlusion and patency.
Segmentation of the robotics market includes healthcare facilities such as hospitals, clinics, ASCs, and others. In 2021, the hospital segment is projected to account for a majority of the market share, thanks to increased healthcare investment across economies and the hospital sector's adoption of advanced surgical robots to enhance service delivery and patient outcomes.
Evaluation of the Area
Because of rising demand for robotic surgery and the expansion of cutting-edge medical facilities in the United States, North America is expected to hold 49.8 percent of the global market by 2021. U.S. patient population estimates indicate a severe scarcity of medical doctors and surgeons, which is likely to fuel growth in the regional industry. The growing need for automated surgical equipment in the United States can be attributed to the rising incidence of chronic diseases like cancer, diabetes, and cardiovascular disease. Increasing installed capacity of surgical robots, driven by a wide end-user base of hospitals and ambulatory surgery centres, is one of the major critical contributors to driving the market expansion in the North America Region. An ageing population is predicted to increase the prevalence of orthopaedic, neurological, and urological disorders over the projection period, making Asia Pacific the region with the highest market growth. This, in turn, is expected to boost the volume of robotic surgery in the area.
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
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 Application
Global Surgical Robots market, By Product & Service Type
Global Surgical Robots Market, By End User
Global Surgical Robots market, Regional Analysis
Another factor contributing to the market's expansion is the rising level of investment from both domestic and foreign manufacturers in the development of cutting-edge surgical robots. Minimally invasive operations are the most common application for surgical robots. Additionally, surgical robots can be used for several traditionally open surgical procedures. The use of surgical robots could improve surgical accuracy in areas of the body that are notoriously difficult for human surgeons to access. Surgical robots are used to improve the outcomes of open surgical procedures and are developed to solve the challenges of invasive surgery. Surgical robots can conduct complex procedures with geometrical precision and are already being used in a wide variety of medical specialties, including cardiothoracic, orthopaedic, neurological, general, gynaecological, and obstetrical care. One of the main factors pushing the surgical robotics industry forward is the rising popularity of minimally invasive surgical procedures. An operating surgeon can control a surgical robot's camera arm from the safety of his or her computer, providing a magnified, high-definition 3-D image of the operative site. Rising healthcare automation needs and a growing preference for more complex robotic surgeries are two factors that could increase the market for surgical robots.
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.
Influential Elements
An increase in traffic accidents is expected to boost the surgical robot market throughout the forecast period, which is driven mostly by technological progress. As an illustration, in 2018, the organisation for safe International traffic Travel (ASIRT) estimated that between 20 and 30 million individuals were injured or declared disabled as a result of traffic accidents worldwide. The expansion of the market is anticipated to be fueled by the fact that a number of companies active in the sector have received FDA approval for cutting-edge research and development in robotics automation and image-guided surgery using cutting-edge technological assistance. These advantages of surgical robots, along with the growing need for more efficient medical treatment, are expected to fuel the industry during the next few years.
Limiting Circumstances
The high cost of the instruments and the risk of accidental cuts, blood loss, tears, burns, punctures, or other organ injuries are two of the major factors in the surgical robot market that may limit the market's expansion over the forecast period. The American Congress of Obstetricians and Gynaecologists advises that robotic hysterectomy only be used for uncommon and complex clinical circumstances because to its higher cost compared to minimally invasive surgeries. The increasing frequency of surgical robot-related deaths and injuries is another aspect that will affect the market for surgical robots. In addition, developing nations like Brazil, India, China, and others will offer substantial growth prospects for the robotic surgery industry.
Systematic Analysis of Applications
The global market for surgical robots is divided into the submarkets of general surgery, gynaecological surgery, orthopaedic surgery, and neurological surgery, depending on the type of procedure being performed. Market expansion is anticipated for each of these subsegments, but particularly in neurosurgery, where robots are becoming increasingly popular due to the advantages they offer over traditional surgical methods. Rising rates of both medical innovation and the prevalence of neurological diseases like stroke, Alzheimer's, Parkinson's, epilepsy, chronic migraine, and others. Also, developments in this area have been giving the market a much-needed boost. Neurosurgeons can use Aesculap, Inc.'s DIR800 3D digital infrared fluorescence, which received FDA 510 (k) clearance in February 2021, to observe intraoperative blood flow in the cerebral vascular area and perform a variety of other diagnostic procedures, such as assessing cerebral aneurysm and vessel branch occlusion and patency.
Segmentation of the robotics market includes healthcare facilities such as hospitals, clinics, ASCs, and others. In 2021, the hospital segment is projected to account for a majority of the market share, thanks to increased healthcare investment across economies and the hospital sector's adoption of advanced surgical robots to enhance service delivery and patient outcomes.
Evaluation of the Area
Because of rising demand for robotic surgery and the expansion of cutting-edge medical facilities in the United States, North America is expected to hold 49.8 percent of the global market by 2021. U.S. patient population estimates indicate a severe scarcity of medical doctors and surgeons, which is likely to fuel growth in the regional industry. The growing need for automated surgical equipment in the United States can be attributed to the rising incidence of chronic diseases like cancer, diabetes, and cardiovascular disease. Increasing installed capacity of surgical robots, driven by a wide end-user base of hospitals and ambulatory surgery centres, is one of the major critical contributors to driving the market expansion in the North America Region. An ageing population is predicted to increase the prevalence of orthopaedic, neurological, and urological disorders over the projection period, making Asia Pacific the region with the highest market growth. This, in turn, is expected to boost the volume of robotic surgery in the area.
| 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 | Stryker Corporation, Medrobotics, Smith & Nephew, Trans Enterix Surgical, Inc, Renishaw plc, Intuitive Surgical, Inc, Medtronic, THINK Surgical, Inc, Zimmer Biomet. |
| 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
- Stryker Corporation
- Medrobotics
- Smith & Nephew
- TransEnterix Surgical, Inc.
- Renishaw plc.
- Intuitive Surgical, Inc.
- Medtronic
- THINK Surgical, Inc.
- Zimmer Biomet
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 Application
- General Surgery,
- Gynaecological Surgery
- Orthopaedic Surgery
- Neurosurgery
Global Surgical Robots market, By Product & Service Type
- Instrument & Accessories
- Robotic Systems
- Services
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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