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North America Micro-Surgical Robot Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Component (Instruments and Accessories), Application (Urology Surgery, Plastic Reconstructive Surgery, Ophthalmic Surgery, Neurosurgery, Lymphatic Surgery, ENT Surgery, and Other), and End User (Hospitals and Clinics, Ambulatory Surgical Centers, Research Institutes, and Others)
Market Report I 2022-09-26 I 126 Pages I The Insight Partners
The North America micro-surgical robot market is expected to grow from US$ 552.33 million in 2022 to US$ 1,244.69 million by 2028; it is estimated to grow at a CAGR of 12.3% during the projected period.
The introduction of robotic surgery is the most recent advancement in liposuction. The surgeon controls the treatments from a master console, while the robotic patient cart conducts the procedures with greater ease and precision than laparoscopy. Because of its 3D vision and accurate, intuitive multi-range Instruments, robotic surgery for obesity has distinct advantages over traditional laparoscopic surgery, providing patients with increased safety. It also aids in the improvement of suturing abilities and the reduction of post-operative pain and recovery time. It is recommended even for hugely obese individuals weighing more than 250 kg, a procedure that is more demanding and difficult to execute by laparoscopy. Similarly, as per an article published in 2020 on the comparison between the surgical outcomes of integrated robotic surgery and conventional laparoscopic surgery for distal gastrectomy, the surgical success rate in the integrated robotic distal gastrectomy (IRDG) group was 98.0%, significantly higher than the success rate in conventional laparoscopic distal gastrectomy (CLDG) group, i.e., 89.5%. Although both groups had similar rates of in-patient and out-patient problems, the readmission rate of the IRDG group was much lower than the CLDG group. Further, robotic surgeries aid better visualization capabilities that provide surgeons a greater view of the work area and allow them to see microscopic details by using high-definition cameras. These systems have more dexterity than the human hand, and their ability to rotate 360 and navigate better allows surgeons to reach hard-to-access areas. The VITOM is an HD exoscopic video system with optical lenses that is used for spine surgery and paediatric surgery. The optical magnification in the system ranges from 16x to 25x. The microsurgeon can view the image from the VITOM system just below the main 3D robot camera view using the TilePro imaging software in the surgeon interface. Thus, robotic microsurgeries ensure greater accuracy, repeatability, control, and efficiency. Along with these benefits, the growing desire for better, faster healthcare services propels the micro-surgical robot market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America micro-surgical robot market . The North America micro-surgical robot market is expected to grow at a stellar CAGR during the forecast period.
North America Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
North America Micro-Surgical Robot Market Segmentation
The North America micro-surgical robot market is segmented based on component, application, end user, and country. Based on component, the North America micro-surgical robot market is divided into instruments and accessories. The instruments segment dominated the North America micro-surgical robot market in 2022. Based on application, the North America micro-surgical robot market is categorized into urology surgery, plastic reconstructive surgery, ophthalmic surgery, neurosurgery, lymphatic surgery, ENT surgery, and other. The urology surgery segment dominated the North America micro-surgical robot market in 2022. Based on end user, the North America micro-surgical robot market is categorized into hospitals and clinics, ambulatory surgical centers, research institutes, and others. The hospitals and clinics segment dominated the North America micro-surgical robot market in 2022. Based on country, the North America micro-surgical robot market is segmented into US, Canada, and Mexico. The US dominated the North America micro-surgical robot market in 2022.
Microsure B.V; Stryker Corporation; Intuitive Surgical; Medtronic; Galen Robotics, Inc.; Ethicon (Johnson & Johnson Services, Inc.); Asensus Surgical, Inc.; Zimmer Biomet; Titan Medical Inc. by Altair are among the leading companies in the North America micro-surgical robot market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Micro-Surgical Robot Market - By Component
1.3.2 North America Micro-Surgical Robot Market - By Application
1.3.3 North America Micro-Surgical Robot Market - By End User
1.3.4 North America Micro-Surgical Robot Market - By Country
2. Micro-Surgical Robot Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Micro-Surgical Robot Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.3 North America Expert Opinion
5. North America Micro-Surgical Robot Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Popularity of Minimally Invasive Surgical Procedures
5.1.2 Advantages of Robotic Surgeries in Terms of Accuracy, Repeatability, Control, and Efficiency
5.2 Market Restraints
5.2.1 High Cost of Micro-Surgical Robots
5.3 Future Trends
5.3.1 Technological Advancements in Further Miniaturization of Micro-Surgical Robots
5.4 Market Opportunities
5.4.1 Rise in Number of Product Launches and Approvals
5.5 Impact Analysis
6. Micro-Surgical Robot Market- North America Analysis
6.1 North America Micro-Surgical Robot Market Revenue Forecast and Analysis
7. North America Micro-Surgical Robot Market - by Component
7.1 Overview
7.2 North America Micro-Surgical Robot Market, By Component, 2022 & 2028 (%)
7.3 Instruments
7.3.1 Overview
7.3.2 Instruments: Micro-Surgical Robot Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Accessories
7.4.1 Overview
7.4.2 Accessories: Micro-Surgical Robot Market Revenue and Forecasts to 2028 (US$ Million)
8. North America Micro-Surgical Robot Market - by Application
8.1 Overview
8.2 North America Micro-Surgical Robot Market Share by Application - 2022 & 2028 (%)
8.3 Urology Surgery
8.3.1 Overview
8.3.2 Urology Surgery: Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
8.4 Plastic Reconstructive Surgery
8.4.1 Overview
8.4.2 Plastic Reconstructive Surgery: Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
8.5 Ophthalmic Surgery
8.5.1 Overview
8.5.2 Ophthalmic Surgery: Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
8.6 Neurosurgery
8.6.1 Overview
8.6.2 Neurosurgery: Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
8.7 Lymphatic Surgery
8.7.1 Overview
8.7.2 Lymphatic Surgery: Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
8.8 ENT Surgery
8.8.1 Overview
8.8.2 ENT Surgery: Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
8.9 Other
8.9.1 Overview
8.9.2 Other: Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
9. North America Micro-Surgical Robot Market - by End User
9.1 Overview
9.2 North America Micro-Surgical Robot Market Share by End User - 2022 & 2028 (%)
9.3 Hospitals and Clinics
9.3.1 Overview
9.3.2 Hospitals and Clinics: Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
9.4 Ambulatory Surgical Centres
9.4.1 Overview
9.4.2 Ambulatory Surgical Centres: Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
9.5 Research Institutes
9.5.1 Overview
9.5.2 Research Institutes: Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Micro-Surgical Robot Market Revenue and Forecast to 2028 (US$ Million)
10. North America Micro-Surgical Robot Market - by Country Analysis
10.1 North America: Micro-Surgical Robot Market
10.1.1 Overview
10.1.2 North America: Micro-Surgical Robot Market, by Country, 2022 & 2028 (%)
10.1.2.1 US: Micro-Surgical Robot Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 Overview
10.1.2.1.2 US: Micro-Surgical Robot Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.3 US: Micro-Surgical Robot Market, by Component, 2019-2028 (US$ Million)
10.1.2.1.4 US: Micro-Surgical Robot Market, by Application, 2019-2028 (US$ Million)
10.1.2.1.5 US: Micro-Surgical Robot Market, by End User, 2019-2028 (US$ Million)
10.1.2.2 Canada: Micro-Surgical Robot Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 Overview
10.1.2.2.2 Canada: Micro-Surgical Robot Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.3 Canada: Micro-Surgical Robot Market, by Component, 2019-2028 (US$ Million)
10.1.2.2.4 Canada: Micro-Surgical Robot Market, by Application, 2019-2028 (US$ Million)
10.1.2.2.5 Canada: Micro-Surgical Robot Market, by End User, 2019-2028 (US$ Million)
10.1.2.3 Mexico: Micro-Surgical Robot Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 Overview
10.1.2.3.2 Mexico: Micro-Surgical Robot Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.3 Mexico: Micro-Surgical Robot Market, by Component, 2019-2028 (US$ Million)
10.1.2.3.4 Mexico: Micro-Surgical Robot Market, by Application, 2019-2028 (US$ Million)
10.1.2.3.5 Mexico: Micro-Surgical Robot Market, by End User, 2019-2028 (US$ Million)
11. Micro-Surgical Robot Market -Industry Landscape
11.1 Overview
11.2 Growth Strategies in the Micro-Surgical Robot Market, 2019-2021
11.3 Organic Developments
11.3.1 Overview
11.4 Developments
11.4.1 Overview
12. Company Profiles
12.1 Microsure B.V.
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 Stryker Corporation
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 Intuitive Surgical
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 Medtronic
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 Galen Robotics, Inc.
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 Ethicon (Johnson & Johnson Services, Inc.)
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 Asensus Surgical, Inc.
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 Zimmer Biomet
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 Titan Medical 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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. US Micro-Surgical Robot Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 2. US Micro-Surgical Robot Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 3. US Micro-Surgical Robot Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: Micro-Surgical Robot Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Micro-Surgical Robot Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Micro-Surgical Robot Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: Micro-Surgical Robot Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Micro-Surgical Robot Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Micro-Surgical Robot Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 10. Recent Organic Developments in the Micro-Surgical Robot Market
Table 11. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Micro-Surgical Robot Market Segmentation
Figure 2. North America Micro-Surgical Robot Market Segmentation, By Country
Figure 3. North America Micro-Surgical Robot Market Overview
Figure 4. Instruments Segment Held Largest Share by Component in Micro-Surgical Robot Market
Figure 5. US Country is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. North America: PEST Analysis
Figure 7. North America Impact Analysis
Figure 8. North America Micro-Surgical Robot Market- Revenue Forecast and Analysis - 2020- 2028
Figure 9. North America Micro-Surgical Robot Market, by Component, 2022 & 2028 (%)
Figure 10. North America Instruments: Micro-Surgical Robot Market Revenue and Forecasts to 2028 (US$ Million)
Figure 11. North America Accessories: Micro-Surgical Robot Market Revenue and Forecasts to 2028 (US$ Million)
Figure 12. North America Micro-Surgical Robot Market Share by Application - 2022 & 2028 (%)
Figure 13. North America Urology Surgery: Micro-Surgical Robot Market Revenue and Forecasts To 2028 (US$ Million)
Figure 14. North America Plastic Reconstructive Surgery: Micro-Surgical Robot Market Revenue and Forecasts To 2028 (US$ Million)
Figure 15. North America Ophthalmic Surgery: Micro-Surgical Robot Market Revenue and Forecasts To 2028 (US$ Million)
Figure 16. North America Neurosurgery: Micro-Surgical Robot Market Revenue and Forecasts To 2028 (US$ Million)
Figure 17. North America Lymphatic Surgery: Micro-Surgical Robot Market Revenue and Forecasts To 2028 (US$ Million)
Figure 18. North America ENT Surgery: Micro-Surgical Robot Market Revenue and Forecasts To 2028 (US$ Million)
Figure 19. North America Other: Micro-Surgical Robot Market Revenue and Forecasts To 2028 (US$ Million)
Figure 20. North America Micro-Surgical Robot Market Share by End User - 2022 & 2028 (%)
Figure 21. North America Hospitals and Clinics: Micro-Surgical Robot Market Revenue and Forecasts To 2028 (US$ Million)
Figure 22. North America Ambulatory Surgical Centers: Micro-Surgical Robot Market Revenue and Forecasts To 2028 (US$ Million)
Figure 23. North America Research Institutes: Micro-Surgical Robot Market Revenue and Forecasts To 2028 (US$ Million)
Figure 24. North America Others: Micro-Surgical Robot Market Revenue and Forecasts To 2028 (US$ Million)
Figure 25. North America: Micro-Surgical Robot Market, by Key Country - Revenue (2022) (US$ Million)
Figure 26. North America: Micro-Surgical Robot Market, by Country, 2022 & 2028 (%)
Figure 27. US: Micro-Surgical Robot Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Micro-Surgical Robot Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Micro-Surgical Robot Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Growth Strategies in the Micro-Surgical Robot Market, 2019-2021
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