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Asia Pacific Surgical Robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Component (Instruments & Accessories, Robotic Systems, and Services), Application (Urological Surgery, Orthopedic Surgery, General Surgery, Gynecological Surgery, Cardiothoracic Surgery, Neurosurgery, and Others), and End User (Hospitals, Ambulatory Surgical Centers, and Others)
Market Report I 2022-11-23 I 151 Pages I The Insight Partners
The surgical robots market in Asia Pacific is expected to grow from US$ 1,587.74 million in 2022 to US$ 3,823.79 million by 2028; it is estimated to grow at a CAGR of 15.8% from 2022 to 2028.
ising Number of Surgical Procedures Fuels Growth of Asia Pacific Surgical Robots Market
In the last 25 years, the incidence of cardiovascular diseases has increased in Asia Pacific. The rise in diabetic cases and lifestyle changes are leading to an increase in the number of cardiovascular surgeries and general surgeries. Colorectal cancer is one of the most found and lethal cancers developed in individuals due to the combined influence of genetic and environmental factors. The lifetime risk of developing colorectal cancer is about 1 in 23 for men and 1 in 25 for women. Further, ~9,555,027 cancer deaths were recorded in 2018, of which 880,792 were related to colorectal cancer. Therefore, colorectal cancer was identified as the third most common cancer and the second highest death-causing cancer. Therefore, the increasing number of colorectal cancer incidences is surging the demand for surgical robots. According to the data published by the Obesity and Metabolic Surgery Society of India in 2020, the number of bariatric surgeries increased by ~86.7% in India during 2014-2018. The growing number of surgical procedures creates a need for robotic surgery instruments. According to the 2021 National Health Statistics Reports from the Centers for Disease Control, the incidence of obesity has reached 41.9% among adults and 19.7% among children and adolescents aged 2-19 years. Therefore, the relationship between obesity and the development of various well-known comorbidities, including cardiovascular diseases, diabetes, liver disease, chronic kidney disease, osteoarthritis, and cancer, makes obesity one of the top causes of mortality. Moreover, intense lifestyle modification and pharmacotherapy usually fail to achieve long-term sustained weight loss and remission of obesity-related comorbidities (10% weight loss at 1 year and 5.3% at 8 years). However, CDC states that bariatric surgery has been demonstrated to be effective at achieving long-term weight loss up to 77% of excess weight loss (~77% of excess weight at 1 year and over ~50% during 10-20 years), remission of obesity-related comorbidities, and reducing the incidence of major cardiovascular conditions. Thus, surgical robots have been designed to exceed the limitations of conventional laparoscopy. The laparoscopic procedure involves a two-dimensional view displayed on a monitor, whereas robotic surgery offers a close three-dimensional vision portrayed in the commodity of a console, which gives the surgeon a feeling of operating from inside the cavity. Da Vinci Xi manufactured by Intuitive Surgical provides an active camera, multi-quadrant access, improved precision of motion, filtered tremor, and instruments with endo wrist movements and seven degrees of freedom, powerfully enhancing the dexterity of the surgeon. Therefore, the utilization of robotic platforms for primary and bariatric surgery is rising. Moreover, the growing prevalence of chronic conditions and the rising number of surgical procedures generate the demand for surgical robots. The surging number of road accidents in various countries increases the number of orthopedic procedures and treatments, which, in turn, is fueling the growth of the surgical robots market in the region.
Market Overview
The Asia Pacific surgical robots market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The market in Asia Pacific is expected to grow at the fastest pace in the coming years due to the increasing prevalence of chronic diseases, rising geriatric population, new product development, and the growing presence of international players in the region. According to West China Hospital, increasing awareness about robotics technology and its clinical applications propel the demand for surgical robots. Also, the increasing government initiatives to purchase surgical robots system is driving the market growth.
Asia Pacific Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Surgical Robots Market Segmentation
The Asia Pacific surgical robots market is segmented on the basis of component, application, end user, and country. Based on component, the Asia Pacific surgical robots market is segmented into instruments & accessories, robotic systems, and services. The instruments & accessories segment held the largest market share in 2022.
Based on application, the Asia Pacific surgical robots market is segmented into urological surgery, orthopedic surgery, general surgery, gynecological surgery, cardiothoracic surgery, neurosurgery, and others. The urological surgery segment held the largest market share in 2022. Based on end user, the Asia Pacific surgical robots market is categorized into hospitals, ambulatory surgical centers, and others. The hospitals segment held the largest market share in 2022. Based on country, the Asia Pacific surgical robots market is segmented into China, India, Japan, South Korea, Australia, and the rest of Asia Pacific. China dominated the market share in 2022. Intuitive Surgical; Smith+Nephew; Johnson & Johnson Services, Inc.; Stryker; THINK Surgical; Zimmer Biomet; Medtronic; Siemens Healthineers AG; Asensus Surgical, Inc.; and Renishaw plc are the leading companies operating in the Asia Pacific surgical robots market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Surgical Robots Market- By Component
1.3.2 APAC Surgical Robots Market- By Application
1.3.3 APAC Surgical Robots Market- By End User
1.3.4 APAC Surgical Robots Market - By Country
2. APAC Surgical Robots Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Surgical Robots Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 APAC - PEST Analysis
4.3 Expert Opinion
5. APAC Surgical Robots Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Upward Number of Surgical Procedures
5.2 Market Restraints
5.2.1 High Charge of Surgical Procedures and Installation
5.3 Market Opportunities
5.3.1 Budding Adoption of Robots-Assisted Surgery Systems
5.4 Future Trends
5.4.1 Progress and Launch of Innovative Products
5.5 Impact Analysis
6. Surgical Robots Market - APAC Analysis
6.1 APAC Surgical Robots Market Revenue Forecast and Analysis
7. APAC Surgical Robots Market Revenue and Forecast to 2028 - by Component
7.1 Overview
7.2 APAC Surgical Robots Market, By Product, 2021 & 2028 (%)
7.3 Instruments & Accessories
7.3.1 Overview
7.3.2 Instruments & Accessories: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Robotic Systems
7.4.1 Overview
7.4.2 Robotic Systems: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
8. APAC Surgical Robots Market - By Application
8.1 Overview
8.2 APAC Surgical Robots Market Share by Application - 2021 & 2028 (%)
8.3 Urological Surgery:
8.3.1 Overview
8.3.2 Urological Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.4 Orthopedic Surgery
8.4.1 Overview
8.4.2 Orthopedic Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.5 General Surgery
8.5.1 Overview
8.5.2 General Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.6 Gynecological Surgery
8.6.1 Overview
8.6.2 Gynecological Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.7 Cardiothoracic Surgery
8.7.1 Overview
8.7.2 Cardiothoracic Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.8 Neurosurgery:
8.8.1 Overview
8.8.2 Neurosurgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
9. APAC Surgical Robots Market - By End User
9.1 Overview
9.2 APAC Surgical Robots Market Share by Application - 2021 & 2028 (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
9.4 Ambulatory Surgical Centres
9.4.1 Overview
9.4.2 Ambulatory Surgical Centres (ASCs): Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
10. APAC Surgical Robots Market - by Country
10.1 APAC Surgical Robots Market, Revenue and Forecast to 2028
10.1.1 Overview
10.1.2 APAC Surgical Robots Market, Revenue and Forecast to 2028, by Country (%)
10.1.2.1 China: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 China: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.2 China: Surgical Robots Market, by Components, 2019-2028 (US$ Million)
10.1.2.1.3 China: Surgical Robots Market, by Application, 2019-2028 (US$ Million)
10.1.2.1.4 China: Surgical Robots Market, by End User, 2019-2028 (US$ Million)
10.1.2.2 Japan: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 Japan: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.2 Japan: Surgical Robots Market, by Components, 2019-2028 (US$ Million)
10.1.2.2.3 Japan: Surgical Robots Market, by Application, 2019-2028 (US$ Million)
10.1.2.2.4 Japan: Surgical Robots Market, by End User, 2019-2028 (US$ Million)
10.1.2.3 India: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 India: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.2 India: Surgical Robots Market, by Components, 2019-2028 (US$ Million)
10.1.2.3.3 India: Surgical Robots Market, by Application, 2019-2028 (US$ Million)
10.1.2.3.4 India: Surgical Robots Market, by End User, 2019-2028 (US$ Million)
10.1.2.4 South Korea: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.4.1 South Korea: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.4.2 South Korea: Surgical Robots Market, by Components, 2019-2028 (US$ Million)
10.1.2.4.3 South Korea: Surgical Robots Market, by Application, 2019-2028 (US$ Million)
10.1.2.4.4 South Korea: Surgical Robots Market, by End User, 2019-2028 (US$ Million)
10.1.2.5 Australia: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.5.1 Australia: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.5.2 Australia: Surgical Robots Market, by Components, 2019-2028 (US$ Million)
10.1.2.5.3 Australia: Surgical Robots Market, by Application, 2019-2028 (US$ Million)
10.1.2.5.4 Australia: Surgical Robots Market, by End User, 2019-2028 (US$ Million)
10.1.2.6 Rest of Asia Pacific: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.6.1 Rest of Asia Pacific: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.6.2 Rest of Asia Pacific: Surgical Robots Market, by Components, 2019-2028 (US$ Million)
10.1.2.6.3 Rest of Asia Pacific: Surgical Robots Market, by Application, 2019-2028 (US$ Million)
10.1.2.6.4 Rest of Asia Pacific: Surgical Robots Market, by End User, 2019-2028 (US$ Million)
11. Surgical Robots Market -Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Intuitive Surgical
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Smith+Nephew
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Johnson & Johnson Services, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Stryker
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Zimmer Biomet
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Medtronic
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Siemens Healthineers AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 THINK Surgical
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Asensus Surgical, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Renishaw plc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. China Surgical Robots Market, by Components - Revenue and Forecast to 2028 (US$ Million)
Table 2. China Surgical Robots Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 3. China Surgical Robots Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 4. Japan Surgical Robots Market, by Components - Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan Surgical Robots Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. Japan Surgical Robots Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 7. India Surgical Robots Market, by Components - Revenue and Forecast to 2028 (US$ Million)
Table 8. India Surgical Robots Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. India Surgical Robots Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea Surgical Robots Market, by Components - Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Surgical Robots Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea Surgical Robots Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 13. Australia Surgical Robots Market, by Components - Revenue and Forecast to 2028 (US$ Million)
Table 14. Australia Surgical Robots Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 15. Australia Surgical Robots Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of Asia Pacific Surgical Robots Market, by Components - Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Asia Pacific Surgical Robots Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia Pacific Surgical Robots Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 19. Organic Developments Done By Companies
Table 20. Inorganic Developments Done by Companies
Table 21. Glossary of Terms, Surgical Robots Market
LIST OF FIGURES
Figure 1. APAC Surgical Robots Market Segmentation
Figure 2. APAC Surgical Robots Market Segmentation, By Country
Figure 3. APAC Surgical Robots Market Overview
Figure 4. Instruments and Accessories Segment Held Largest Share by Product in Surgical Robots market
Figure 5. China is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. APAC: PEST Analysis
Figure 7. APAC Expert Opinion
Figure 8. APAC Surgical Robots Market Impact Analysis of Drivers and Restraints
Figure 9. APAC Surgical Robots Market - Revenue Forecast and Analysis - 2020- 2028
Figure 10. APAC Surgical Robots Market, by Product, 2021 & 2028 (%)
Figure 11. APAC Instruments & Accessories: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 12. APAC Robotic Systems: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. APAC Services: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. APAC Surgical Robots Market Share by Application - 2021 & 2028 (%)
Figure 15. APAC Urological Surgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. APAC Orthopedic Surgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. APAC General Surgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 18. APAC Gynecological Surgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 19. APAC Cardiothoracic Surgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 20. APAC Neurosurgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 21. APAC Others: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 22. APAC Surgical Robots Market Share by Application - 2021 & 2028 (%)
Figure 23. APAC Hospitals: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. APAC Ambulatory Surgical Centres (ASCs) : Surgical Robots Market Revenue and Forecasts To 2028 (US$ Million)
Figure 25. APAC Others: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 26. APAC Surgical Robots Market, Revenue by Country (2021) (US$ Mn)
Figure 27. APAC Surgical Robots Market, Revenue and Forecast to 2028, by Country (%)
Figure 28. China: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. India: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Australia: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Asia Pacific: Surgical Robots Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Growth Strategies Done by the Companies in the Market, (%)
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