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Global Surgical Robots Market Report and Forecast 2023-2031
Market Report I 2023-07-19 I 160 Pages I EMR Inc.
Global Surgical Robots Market Report and Forecast 2023-2031
Global Surgical Robots Market Outlook
The global surgical robots market was valued at USD 6.4 billion in 2022, driven by the increasing number of robot assisted surgeries across the globe. The market size is anticipated to grow at a CAGR of 15.7% during the forecast period of 2023-2031 to achieve a value of USD 23.9 billion by 2031.
Surgical Robots: Introduction
Surgical robots are advanced medical devices that are revolutionizing the field of surgery. These robotic systems are designed to assist surgeons in performing complex procedures with enhanced precision, control, and dexterity. They offer a range of benefits, including improved surgical outcomes, reduced invasiveness, shorter recovery times, and enhanced patient safety.
Surgical robots consist of robotic arms equipped with surgical instruments and a control console operated by the surgeon. The surgeon sits at the console and uses hand controls and foot pedals to manipulate the robotic arms and perform the surgery. The robotic system translates the surgeon's movements into precise and controlled actions, enabling more precise incisions, suturing, and tissue manipulation.
Key Trends in the Surgical Robots Market
Some key trends involved in the surgical robots market are as follows:
- Increasing Adoption: Surgical robots are witnessing increasing adoption across the globe, as they offer several advantages over traditional surgical techniques. Surgeons are recognizing the potential of robotic-assisted surgery in achieving better outcomes and are therefore incorporating these systems into their practice.
- Expansion of Surgical Applications: Initially used primarily in urology and gynecology procedures, surgical robots are now being employed in a wide range of surgical specialties, including general surgery, cardiothoracic surgery, orthopedic surgery, and neurosurgery. As the technology continues to evolve, the applications of surgical robots are expanding, enabling surgeons to perform more complex and minimally invasive procedures.
- Technological Advancements: The field of surgical robotics is experiencing rapid technological advancements. Manufacturers are continuously improving the capabilities of robotic systems, enhancing their precision, speed, and flexibility. These advancements include features such as advanced imaging, artificial intelligence, haptic feedback, and robotic assistance in preoperative planning. These technological advancements are driving the market growth and expanding the possibilities of robotic-assisted surgery.
Surgical Robots Market Segmentations
Market Breakup by Component
- Robotic Systems
- Instruments and Accessories
- Services
Market Breakup by Mechanism of Control
- Computer Control
- Direct Telemanipulator
Market Breakup by Application
- Orthopedic Surgery
- Endometriosis
- General Surgery
- Neurosurgery
- Thoracic Surgery
- Colorectal Surgery
- Gynecology
- Heart Surgery
- Urologic Surgery
- Others
Market Breakup by End User
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Surgical Robots Market Overview
The market for surgical robots has witnessed significant growth and is expected to continue expanding in the coming years. Surgical robots have revolutionized the field of surgery by offering improved precision, control, and minimally invasive procedures. They have transformed the way surgeries are performed, providing numerous benefits to both patients and healthcare providers.
The market for surgical robots is driven by several factors. First and foremost, the increasing demand for minimally invasive surgeries is a major driver of market growth. Surgical robots enable surgeons to perform complex procedures with smaller incisions, resulting in reduced pain, shorter hospital stays, and faster recovery times. Patients are increasingly opting for these less invasive procedures, driving the demand for surgical robots.
Additionally, the market for surgical robots is supported by favourable reimbursement policies and increased healthcare expenditure. Governments and healthcare organizations are recognizing the value of surgical robots in improving patient outcomes and reducing long-term healthcare costs. This has led to favourable reimbursement policies, making surgical robots more accessible and affordable for healthcare providers.
Surgical Robots Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Intuitive Surgical Inc
- Stryker
- Johnson & Johnson Services, Inc.
- Medtronic
- Smith+Nephew
- Zimmer Biomet
- Asensus Surgical US, Inc.
- Siemens Healthcare GmbH
- CMR Surgical Limited
- Renishaw plc
- THINK Surgical, Inc.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Surgical Robots Market Overview
3.1 Global Surgical Robots Market Historical Value (2016-2022)
3.2 Global Surgical Robots Market Forecast Value (2023-2031)
4 Global Surgical Robots Market Dynamics
4.1 Market Drivers and Constraints
4.2 SWOT Analysis
4.3 Porter's Five Forces Model
4.4 Key Demand Indicators
4.5 Key Price Indicators
4.6 Industry Events, Initiatives, and Trends
4.7 Value Chain Analysis
5 Global Surgical Robots Market Segmentation
5.1 Global Surgical Robots Market by Component
5.1.1 Market Overview
5.1.2 Robotic Systems
5.1.3 Instruments and Accessories
5.1.4 Services
5.2 Global Surgical Robots Market by Mechanism of Control
5.2.1 Market Overview
5.2.2 Computer Control
5.2.3 Direct Telemanipulator
5.3 Global Surgical Robots Market by Application
5.3.1 Market Overview
5.3.2 Orthopedic Surgery
5.3.3 Endometriosis
5.3.4 General Surgery
5.3.5 Neurosurgery
5.3.6 Thoracic Surgery
5.3.7 Colorectal Surgery
5.3.8 Gynaecology
5.3.9 Heart Surgery
5.3.10 Urologic Surgery
5.3.11 Others
5.4 Global Surgical Robots Market by End User
5.4.1 Market Overview
5.4.2 Hospitals and Clinics
5.4.3 Ambulatory Surgical Centers
5.4.4 Others
5.5 Global Surgical Robots Market by Region
5.5.1 Market Overview
5.5.2 North America
5.5.3 Europe
5.5.4 Asia Pacific
5.5.5 Latin America
5.5.6 Middle East and Africa
6 North America Surgical Robots Market
6.1 Market Share by Country
6.2 United States of America
6.3 Canada
7 Europe Surgical Robots Market
7.1 Market Share by Country
7.2 United Kingdom
7.3 Germany
7.4 France
7.5 Italy
7.6 Others
8 Asia Pacific Surgical Robots Market
8.1 Market Share by Country
8.2 China
8.3 Japan
8.4 India
8.5 ASEAN
8.6 Australia
8.7 Others
9 Latin America Surgical Robots Market
9.1 Market Share by Country
9.2 Brazil
9.3 Argentina
9.4 Mexico
9.5 Others
10 Middle East and Africa Surgical Robots Market
10.1 Market Share by Country
10.2 Saudi Arabia
10.3 United Arab Emirates
10.4 Nigeria
10.5 South Africa
10.6 Others
11 Patent Analysis
11.1 Analysis by Type of Patent
11.2 Analysis by Publication year
11.3 Analysis by Issuing Authority
11.4 Analysis by Patent Age
11.5 Analysis by CPC Analysis
11.6 Analysis by Patent Valuation
11.7 Analysis by Key Players
12 Grants Analysis
12.1 Analysis by year
12.2 Analysis by Amount Awarded
12.3 Analysis by Issuing Authority
12.4 Analysis by Grant Application
12.5 Analysis by Funding Institute
12.6 Analysis by NIH Departments
12.7 Analysis by Recipient Organization
13 Funding Analysis
13.1 Analysis by Funding Instances
13.2 Analysis by Type of Funding
13.3 Analysis by Funding Amount
13.4 Analysis by Leading Players
13.5 Analysis by Leading Investors
13.6 Analysis by Geography
14 Partnership and Collaborations Analysis
14.1 Analysis by Partnership Instances
14.2 Analysis by Type of Partnership
14.3 Analysis by Leading Players
14.4 Analysis by Geography
15 Regulatory Framework
15.1 Regulatory Overview
15.1.1 US FDA
15.1.2 EU EMA
15.1.3 INDIA CDSCO
15.1.4 JAPAN PMDA
15.1.5 Others
16 Supplier Landscape
16.1 Intuitive Surgical Inc
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisitions
16.1.5 Certifications
16.2 Stryker
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisitions
16.2.5 Certifications
16.3 Johnson & Johnson Services, Inc.
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisitions
16.3.5 Certifications
16.4 Medtronic
16.4.1 Financial Analysis
16.4.2 Financial Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisitions
16.4.5 Certifications
16.5 Smith+Nephew
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisitions
16.5.5 Certifications
16.6 Zimmer Biomet
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisitions
16.6.5 Certifications
16.7 Asensus Surgical US, Inc.
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisitions
16.7.5 Certifications
16.8 Siemens Healthcare GmbH
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisitions
16.8.5 Certifications
16.9 CMR Surgical Limited
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisitions
16.9.5 Certifications
16.10 Renishaw plc
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisitions
16.10.5 Certifications
16.11 THINK Surgical, Inc.
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisitions
16.11.5 Certifications
17 Global Surgical Robots Market - Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
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