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Surgical Robots Market by Component (Surgical Robotic Systems, Accessories), Application (Gynecological Surgery, Orthopedic Surgery, Neurosurgery, General Surgery), End User (Hospitals, Ambulatory Surgical Centers) - Global Forecasts to 2023

  • ID: 4703855
  • Report
  • Region: Global
  • 132 Pages
  • Markets and Markets
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The Global Surgical Robots Market is Projected to Reach 6.5 Billion by 2023 from USD 3.9 Billion in 2018 at a CAGR of 10.4%

FEATURED COMPANIES

  • Intuitive Surgical
  • Mazor Robotics
  • Medrobotics
  • Renishaw
  • Smith & Nephew
  • Stryker
  • MORE

The surgical robots market is projected to grow at a CAGR of 10.4% during the forecast period.

The global surgical robots market is projected to reach 6.5 billion by 2023 from USD 3.9 billion in 2018 at a CAGR of 10.4%. Growth in the surgical robots market can be attributed to factors such as technological advancements, increased funding from the government for surgical robots’ research and development, growing application areas to varied surgical specialties, and rise in the adoption of surgical robots by hospitals and ambulatory surgical centers. However, the high cost of instruments and shortage of trained professionals may prove to be restraints for the market.

The instruments & accessories segment is expected to hold the largest market share during the forecast period.

On the basis of the component, the surgical robots market has been segmented into systems, instruments & accessories and services. The instruments & accessories segment is expected to hold the largest market share during the forecast period. The recurring demand for instruments & accessories owing to their disposable nature is driving growth in this market segment. Moreover, the increasing adoption of surgical robots on account of the various advantages that these systems offer is further fueling market growth.

The general surgery segment is expected to grow at the highest rate during the forecast period.

On the basis of applications, the surgical robots market is segmented into gynecological surgery, urological surgery, neurosurgery, orthopedic surgery, general surgery, and other applications. The general surgery segment is expected to grow at the highest rate during the forecast period. The large share and high growth of this segment can be attributed to factors such as high growth and increased use of surgical robots in general procedures.

Adoption of surgical robots in the Asia Pacific region is expected to offer growth opportunities in the region.

Geographically, the surgical robots market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The Asia Pacific market is expected to grow at the highest rate during the forecast period. The high growth in this region can be attributed to increasing installed base of surgical robots and collaborations of the government with regional universities for extensive R&D and government efforts towards catering advanced healthcare services.

Breakdown of supply-side primary interviews:

  • By Company Type: Tier 1 - 55%, Tier 2 - 20%, and Tier 3 - 25%
  • By Designation: C-level - 35%, Director-level - 25%, and Others - 40%
  • By Region: North America - 20%, Europe - 25%, APAC - 40%, and RoW - 15%

The major players in the market include Intuitive Surgical (US), Stryker (US), Mazor Robotics (US), Smith & Nephew (UK), Hansen Medical (US), Medrobotics (US), TransEnterix (US), Medtech (France), Renishaw (UK), and THINK Surgical (US).

Research Coverage

This report studies the surgical robots market based on component, application, end user, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro-markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.

Key Benefits of Buying the Report

This report focuses on various levels of analysis-industry trends, the market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the surgical robots market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Intuitive Surgical
  • Mazor Robotics
  • Medrobotics
  • Renishaw
  • Smith & Nephew
  • Stryker
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Methodology Steps
2.2 Secondary and Primary Research Methodology
2.2.1 Secondary Research
2.2.1.1 Secondary Sources
2.2.2 Primary Research
2.2.2.1 Primary Sources
2.2.2.2 Key Insights From Primary Sources
2.3 Market Size Estimation Methodology
2.4 Research Design
2.5 Market Data Estimation and Triangulation
2.6 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Market Overview
4.2 Geographic Analysis: North American Surgical Robots Market, By Component
4.3 Market, By Component, 2018 vs 2023
4.4 Market, By Application, 2018 vs 2023
4.5 Market, By End User, 2018 vs 2023
4.6 Geographic Snapshot of the Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.3.1 Advantages Offered By Surgical Robots
5.3.2 Technological Advancements
5.3.3 Increase in Funding for Surgical Robot Research
5.4 Restraints
5.4.1 High Cost of Robotic Systems
5.5 Opportunities
5.5.1 Low Penetration of Surgical Robots in Ambulatory Surgery Centers

6 Product Pipeline Assessment
6.1 Introduction
6.2 Clinical Trials for Surgical Robots

7 Surgical Robots Market, By Component
7.1 Introduction
7.2 Instruments & Accessories
7.2.1 Recurring Purchase of Instruments & Accessories for Each Surgical Procedure Responsible for the Large Share of This Segment
7.3 Robotic Systems
7.3.1 Technological Advancements in Surgical Robotic Systems Likely to Drive Market Growth
7.4 Services
7.4.1 Recurring Service Revenue Per Installation and Per Procedure to Offer Growth Opportunities

8 Surgical Robots Market, By Application
8.1 Introduction
8.2 General Surgery
8.2.1 High Growth in General Surgery Procedures to Positively Impact the Market
8.3 Gynecological Surgery
8.3.1 Advantages of Robotic Surgeries Have Contributed to Their Use in Gynecology
8.4 Orthopedic Surgery
8.4.1 High Accuracy of Implantation and Placement has Supported the Demand for Robotic Orthopedic Surgery
8.5 Urological Surgery
8.5.1 Minimally Invasive Robotic Surgery is Becoming A Popular Option in Urological Surgery
8.6 Neurosurgery
8.6.1 Increasing Prevalence of Neurological Disorders to Fuel Market Growth
8.7 Other Applications

9 Surgical Robots Market, By End User
9.1 Introduction
9.1.1 Hospitals
9.1.1.1 US has the Largest Installed Base of Surgical Robots in Hospitals
9.1.2 Ambulatory Surgical Centers
9.1.2.1 Rise in the Number of Outpatient Surgeries to Support Market Growth

10 Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 US Dominates the North American Market in 2018; This Trend to Continue During the Forecast Period
10.2.2 Canada
10.2.2.1 Increased Use of Surgical Robots in Pediatric Patients to Drive Market Growth in Canada
10.3 Europe
10.3.1 Germany
10.3.1.1 Germany to Witness the Highest Growth in the European Market
10.3.2 UK
10.3.2.1 Increasing Number of Robotic Surgical Procedures Performed in the Country to Propel Market Growth
10.3.3 RoE
10.4 Asia Pacific
10.4.1 Japan
10.4.1.1 Japan is the Second-Largest Market for Robotic-Assisted Surgery
10.4.2 China
10.4.2.1 China to Be the Fastest-Growing Country in the Asia Pacific Market
10.4.3 Rest of Asia Pacific (RoAPAC)
10.5 Rest of the World

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking of Players, 2017
11.3 Competitive Scenario
11.3.1 Product Launches and Approvals
11.3.2 Agreements, and Partnerships
11.3.3 Acquisitions
11.3.4 Expansions
11.3.5 Other Developments

12 Company Profiles
12.1 Intuitive Surgical
12.1.1 Business Overview
12.1.2 Products and Services Offered:
12.1.3 Recent Developments
12.1.4 SWOT Analysis
12.1.5 MnM View
12.2 Stryker
12.2.1 Business Overview
12.2.2 Products Offered
12.2.3 Recent Developments
12.2.4 SWOT Analysis
12.2.5 MnM View
12.3 Mazor Robotics
12.3.1 Business Overview
12.3.2 Products Offered
12.3.3 Recent Developments
12.3.4 SWOT Analysis
12.3.5 MnM View
12.4 Smith & Nephew
12.4.1 Business Overview
12.4.2 Products Offered
12.4.3 Recent Developments
12.4.4 SWOT Analysis
12.4.5 MnM View
12.5 Medtech (Acquired By Zimmer Biomet)
12.5.1 Business Overview
12.5.2 Products Offered
12.5.3 Recent Developments
12.5.4 MnM View
12.6 Renishaw
12.6.1 Business Overview
12.6.2 Products Offered
12.6.3 Recent Developments
12.6.4 MnM View
12.7 Hansen Medical (A Wholly Owned Subsidiary of Auris Surgical Robotics)
12.7.1 Business Overview
12.7.2 Products Offered
12.7.3 Recent Developments
12.7.4 MnM View
12.8 Medrobotics
12.8.1 Business Overview
12.8.2 Products Offered
12.8.3 Recent Developments
12.8.4 MnM View
12.9 Transenterix
12.9.1 Business Overview
12.9.2 Products Offered
12.9.3 Recent Developments
12.9.4 MnM View
12.10 Think Surgical (Subsidiary of Curexo Technology)
12.10.1 Business Overview
12.10.2 Products Offered
12.10.3 Recent Developments
12.10.4 MnM View

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List of Tables
Table 1 Surgical Robots: Indicative List of Products in Phase Iii and Iv Clinical Trials
Table 2 Market, By Component, 2016-2023 (USD Million)
Table 3 Instruments & Accessories Market, By Region, 2016-2023 (USD Million)
Table 4 North America: Instruments & Accessories Market, By Country, 2016-2023 (USD Million)
Table 5 Europe: Instruments & Accessories Market, By Country, 2016-2023 (USD Million)
Table 6 Asia Pacific: Instruments & Accessories Market, By Country, 2016-2023 (USD Million)
Table 7 Asp of Surgical Robots
Table 8 Intuitive Surgical and Mazor Robotics Installed Base, 2016-2023 (Units)
Table 9 Robotic Systems Market, By Region, 2016-2023 (USD Million)
Table 10 North America: Robotic Systems Market, By Country, 2016-2023 (USD Million)
Table 11 Europe: Robotic Systems Market, By Country, 2016-2023 (USD Million)
Table 12 Asia Pacific: Robotic Systems Market, By Country, 2016-2023 (USD Million)
Table 13 Services Market, By Region, 2016-2023 (USD Million)
Table 14 North America: Services Market, By Country, 2016-2023 (USD Million)
Table 15 Europe: Services Market, By Country, 2016-2023 (USD Million)
Table 16 Asia Pacific: Services Market, By Country, 2016-2023 (USD Million)
Table 17 Surgical Robots Market, By Application, 2016-2023 (USD Million)
Table 18 Market for General Surgery, By Region, 2016-2023 (USD Million)
Table 19 North America: Market for General Surgery, By Country, 2016-2023 (USD Million)
Table 20 Europe: Market for General Surgery, By Country, 2016-2023 (USD Million)
Table 21 Asia Pacific: Market for General Surgery, By Country, 2016-2023 (USD Million)
Table 22 Market for Gynecological Surgery, By Region, 2016-2023 (USD Million)
Table 23 North America: Surgical Robots Market for Gynecological Surgery, By Country, 2016-2023 (USD Million)
Table 24 Europe: Market for Gynecological Surgery, By Country, 2016-2023 (USD Million)
Table 25 Asia Pacific: Surgical Robots Market for Gynecological Surgery, By Country, 2016-2023 (USD Million)
Table 26 Market for Orthopedic Surgery, By Region, 2016-2023 (USD Million)
Table 27 North America: Market for Orthopedic Surgery, By Country, 2016-2023 (USD Million)
Table 28 Europe: Surgical Robots Market for Orthopedic Surgery, By Country, 2016-2023 (USD Million)
Table 29 Asia Pacific: Market for Orthopedic Surgery, By Country, 2016-2023 (USD Million)
Table 30 Market for Urological Surgery, By Region, 2016-2023 (USD Million)
Table 31 North America: Surgical Robots Market for Urological Surgery, By Country, 2016-2023 (USD Million)
Table 32 Europe: Market for Urological Surgery, By Country, 2016-2023 (USD Million)
Table 33 Asia Pacific: Surgical Robots Market for Urological Surgery, By Country, 2016-2023 (USD Million)
Table 34 Market for Neurosurgery, By Region, 2016-2023 (USD Million)
Table 35 North America: Surgical Robots Market for Neurosurgery, By Country, 2016-2023 (USD Million)
Table 36 Europe: Market for Neurosurgery, By Country, 2016-2023 (USD Million)
Table 37 Asia Pacific: Market for Neurosurgery, By Country, 2016-2023 (USD Million)
Table 38 Market for Other Applications, By Region, 2016-2023 (USD Million)
Table 39 North America: Surgical Robots Market for Other Applications, By Country, 2016-2023 (USD Million)
Table 40 Europe: Market for Other Applications, By Country, 2016-2023 (USD Million)
Table 41 Asia Pacific: Market for Other Applications, By Country, 2016-2023 (USD Million)
Table 42 Market, By End User, 2016-2023 (USD Million)
Table 43 Market for Hospitals, By Region, 2016-2023 (USD Million)
Table 44 North America: Market for Hospitals, By Country, 2016-2023 (USD Million)
Table 45 Europe: Market for Hospitals, By Country, 2016-2023 (USD Million)
Table 46 Asia Pacific: Market for Hospitals, By Country, 2016-2023 (USD Million)
Table 47 Surgical Robots Market for Ambulatory Surgical Centers, By Region, 2016-2023 (USD Million)
Table 48 North America: Market for Ambulatory Surgical Centers, By Country, 2016-2023 (USD Million)
Table 49 Europe: Market for Ambulatory Surgical Centers, By Country, 2016-2023 (USD Million)
Table 50 Asia Pacific: Market for Ambulatory Surgical Centers, By Country, 2016-2023 (USD Million)
Table 51 Surgical Robots Market, By Region, 2016-2023 (USD Million)
Table 52 North America: Market, By Country, 2016-2023 (USD Million)
Table 53 North America: Market, By Component, 2016-2023 (USD Million)
Table 54 North America: Market, By Application, 2016-2023 (USD Million)
Table 55 North America: Market, By End User, 2016-2023 (USD Million)
Table 56 Recent Surgical Robot Purchases By Hospitals in the Us
Table 57 US: Surgical Robots Market, By Component, 2016-2023 (USD Million)
Table 58 US: Market, By Application, 2016-2023 (USD Million)
Table 59 US: Market, By End User, 2016-2023 (USD Million)
Table 60 Canada: Market, By Component, 2016-2023 (USD Million)
Table 61 Canada: Market, By Application, 2016-2023 (USD Million)
Table 62 Canada: Market, By End User, 2016-2023 (USD Million)
Table 63 Europe: Market, By Country, 2016-2023 (USD Million)
Table 64 Europe: Market, By Component, 2016-2023 (USD Million)
Table 65 Europe: Market, By Application, 2016-2023 (USD Million)
Table 66 Europe: Surgical Robots Market, By End User, 2016-2023 (USD Million)
Table 67 Germany: Market, By Component, 2016-2023 (USD Million)
Table 68 Germany: Market, By Application, 2016-2023 (USD Million)
Table 69 Germany: Market, By End User, 2016-2023 (USD Million)
Table 70 UK: Surgical Robots Market, By Component, 2016-2023 (USD Million)
Table 71 UK: Market, By Application, 2016-2023 (USD Million)
Table 72 UK: Market, By End User, 2016-2023 (USD Million)
Table 73 RoE: Market, By Component, 2016-2023 (USD Million)
Table 74 RoE: Market, By Application, 2016-2023 (USD Million)
Table 75 RoE: Market, By End User, 2016-2023 (USD Million)
Table 76 Asia Pacific: Market, By Country, 2016-2023 (USD Million)
Table 77 Asia Pacific: Surgical Robots Market, By Component, 2016-2023 (USD Million)
Table 78 Asia Pacific: Market, By Application, 2016-2023 (USD Million)
Table 79 Asia Pacific: Market, By End User, 2016-2023 (USD Million)
Table 80 Japan: Market, By Component, 2016-2023 (USD Million)
Table 81 Japan: Market, By Application, 2016-2023 (USD Million)
Table 82 Japan: Market, By End User, 2016-2023 (USD Million)
Table 83 China: Surgical Robots Market, By Component, 2016-2023 (USD Million)
Table 84 China: Market, By Application, 2016-2023 (USD Million)
Table 85 China: Market, By End User, 2016-2023 (USD Million)
Table 86 RoAPAC: Market, By Component, 2016-2023 (USD Million)
Table 87 RoAPAC: Market, By Application, 2016-2023 (USD Million)
Table 88 RoAPAC: Market, By End User, 2016-2023 (USD Million)
Table 89 RoW: Surgical Robots Market, By Component, 2016-2023 (USD Million)
Table 90 RoW: Market, By Application, 2016-2023 (USD Million)
Table 91 RoW: Market, By End User, 2016-2023 (USD Million)
Table 92 Product Launches and Approvals, 2015-2018
Table 93 Agreements, and Partnerships (2015-2018)
Table 94 Acquisitions, 2015-2018
Table 95 Expansions, 2015-2018
Table 96 Funding

List of Figures
Figure 1 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 2 Surgical Robots Market: Bottom-Up Approach
Figure 3 Market: Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Market Share, By Component ( 2018)
Figure 6 Market, By Application, 2018 vs 2023
Figure 7 Market, By End User, 2018 vs 2023
Figure 8 Geographical Snapshot of the Market
Figure 9 Increased Adoption of Surgical Robots By Healthcare Facilities to Drive Market Growth During the Forecast Period
Figure 10 Instruments & Accessories to Account for the Largest Share of the North American Surgical Robots Market in 2018
Figure 11 Instruments & Accessories to Dominate the Market in 2023
Figure 12 General Surgery to Dominate the Market By 2023
Figure 13 Hospitals to Account for the Largest Market Share in 2018
Figure 14 APAC to Register the Highest CAGR in the Forecast Period
Figure 15 Market: Drivers, Restraints, and Opportunities
Figure 16 Clinical Trials for Surgical Robots, By Phase
Figure 17 Instruments & Accessories Segment to Register the Highest Growth Rate During the Forecast Period
Figure 18 General Surgery to Dominate the Surgical Robots Applications Market During the Forecast Period
Figure 19 Hospitals to Witness the Highest Growth in the Surgical Robots Market During the Forecast Period
Figure 20 North America to Dominate the Market During the Forecast Period
Figure 21 North America: Market Snapshot
Figure 22 Europe: Market Snapshot
Figure 23 Asia Pacific: Market Snapshot
Figure 24 RoW: Market Snapshot
Figure 25 Intuitive Surgical Led the Market in 2017
Figure 26 Key Developments of the Prominent Players in the Surgical Robots Market (2015-2018)
Figure 27 Intuitive Surgical: Company Snapshot (2017)
Figure 28 Stryker: Company Snapshot (2017)
Figure 29 Mazor Robotics: Company Snapshot (2017)
Figure 30 Smith & Nephew: Company Snapshot (2017)
Figure 31 Zimmer Biomet: Company Snapshot (2017)
Figure 32 Renishaw: Company Snapshot (2017)

Note: Product cover images may vary from those shown
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  • Hansen Medical (A Wholly Owned Subsidiary of Auris Surgical Robotics)
  • Intuitive Surgical
  • Mazor Robotics
  • Medrobotics
  • Medtech (Acquired By Zimmer Biomet)
  • Renishaw
  • Smith & Nephew
  • Stryker
  • Think Surgical (Subsidiary of Curexo Technology)
  • Transenterix
Note: Product cover images may vary from those shown
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