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Surgical Robotic Systems Market by Component and Surgery Type: Global Opportunity Analysis and Industry Forecast, 2019-2027

  • ID: 5157216
  • Report
  • August 2020
  • Region: Global
  • 225 pages
  • Allied Analytics LLP

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The global surgical robotic systems market was valued at $5,341.0 million in 2019, and is expected to reach $15,010.3 million by 2027 at a CAGR of 13.7% during the forecast period. Surgical robotic systems are a combination of equipment, accessories, software, and services that help to perform several minimally invasive surgeries including gynecological, cardiac, neurological, orthopedic, and others. Robotic systems allow surgeons to automate the surgical procedure, thereby improving efficacy and precision during the procedure, and minimizing post-surgical complications. In addition, they provide effective representations of body parts and increase dexterity, which aid surgeons to work on inaccessible body parts. Further, they reduce the risk of blood loss and infection; and offer shorter recovery time and lesser amount of scars in comparison to the traditional open surgery.

In addition, from the past few years, surgical robots have undergone a paradigm shift due to technical developments in the fields of 3D imaging, high-definition microscopic cameras, data recorders, data processing devices, motion sensors, remote navigation systems, robotic-controlled catheters and other medical-use accessories. Hence, this is to develop new applications for existing platforms as well as create disruptive technologies, which will drive the market. Moreover, obstetrics and gynecology surgeries provide huge revenue for surgical robotic systems manufacturers as these surgeries are performed on a large scale. A wide variety of robotic surgical accessories are needed for these surgeries that include scalpels, speculum, veress needle, trochar, catheters, colposcope, and others. Major drivers of this market are change in women lifestyle globally, high prevalence of gynecological conditions, growing demand for robotic, and minimally invasive surgical procedures.

The increasing need for automation in the healthcare sector and growing demand for minimally invasive surgeries are the major factors driving the surgical robotic systems and procedures market. In addition, a rise in incidences of colorectal cancer, neurological disorders, gynecological diseases among others, would boost the adoption of robotic surgical systems. Surgical robotic systems offer less post-surgical complications and reduce labor cost. Due to this, large-scale hospitals based in developed and developing economies are now favoring automate surgical/hospital services, which ultimately drives the market growth. On the other hand, high cost associated with surgical robot’s procedures and accidental death/injuries due to broken instruments and system errors are projected to hinder the market growth.

The global surgical robotic systems market is segmented into component, application and region. Based on component, the market is segmented into systems, accessories, and services. The surgical robotic systems market based on application is segmented into gynecology surgery, urology surgery, neurosurgery, orthopedic surgery, general surgery and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits for Stakeholders
  • This report provides an extensive analysis of current and emerging market trends in the global surgical robotic systems market.
  • Geographically, the global surgical robotic systems market is analyzed based on various regions such as North America, Europe, Asia-Pacific and LAMEA.
  • This study evaluating the competitive landscape and value chain has been taken into account to in order to understand the competitive environment existing across geographies.
  • This report entails the detailed quantitative analysis of the current market and estimations from 2019 to 2027, which assists in identifying the prevailing market opportunities.
  • Exhaustive analysis of global surgical robotic systems and procedures market by type helps in understanding the types of surgeries along with the variants of surgical robotic systems that will gain prominence in the future.
Key Market Segments

By Component
  • Systems
  • Accessories
  • Services
By Application
  • Gynecology Surgery
  • Urology Surgery
  • Neurosurgery
  • Orthopedic Surgery
  • General Surgery
  • Other Surgery
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Taiwan
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA
Key Market Players
  • Intuitive Surgical, Inc.
  • Stryker Corporation
  • Zimmer Biomet Holdings, Inc.
  • Titan medical Inc.
  • Transenterix, Inc.
  • Johnson & Johnson
  • Globus Medical, Inc.
  • Medtronic Plc.
  • Siemens Ag (Siemens Healthineers)
  • Smith & Nephew
Note: Product cover images may vary from those shown
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segmentation
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models

Chapter 2: Executive Summary
2.1. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Winning Strategies
3.2.2. Top Player Positioning
3.2.3. Key Forces Shaping the Global Surgical Robotic Systems Market
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Increasing Need for Automation in Healthcare Industry
3.3.1.2. Shifting Trends Towards Advanced Robotic Minimally Invasive Surgeries
3.3.1.3. Reduced Hospital Stays and Hospital Cost
3.3.1.4. Rising R&D Activities
3.3.2. Restraint
3.3.2.1. High Cost Associated With Surgical Robotic Systems and Robotic Surgeries
3.3.2.2. Lack of Awareness Among Patients in Emerging Economies
3.3.2.3. Growing Death Toll and Injuries Due to Robotic Surgeries
3.3.3. Opportunities
3.3.3.1. Opportunities in Emerging and Untapped Economies
3.3.3.2. Increased Use in Diverse Applications

Chapter 4: Surgical Robotic Systems Market, by Component
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Systems
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Accessories & Instrument
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Services
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country

Chapter 5: Surgical Robotic Systems Market, by Surgery Type
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Gynecological Surgery
5.2.1. Market Size and Forecast, by Region
5.2.2. Market Analysis, by Country
5.3. Urological Surgery
5.3.1. Market Size and Forecast, by Region
5.3.2. Market Analysis, by Country
5.4. Neurosurgery
5.4.1. Market Size and Forecast, by Region
5.4.2. Market Analysis, by Country
5.5. Orthopedic Surgery
5.5.1. Market Size and Forecast, by Region
5.5.2. Market Analysis, by Country
5.6. General Surgery
5.6.1. Market Size and Forecast, by Region
5.6.2. Market Analysis, by Country
5.7. Others
5.7.1. Market Size and Forecast, by Region
5.7.2. Market Analysis, by Country

Chapter 6: Global Surgical Robotic Systems Market, by Region
6.1. Overview
6.1.1. Market Size and Forecast
6.2. North America
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Component
6.2.3. Market Size and Forecast, by Surgery Type
6.2.4. Market Size and Forecast, by Country
6.2.4.1. U.S.
6.2.4.1.1. U.S. Market Size and Forecast, by Component
6.2.4.1.2. U.S. Market Size and Forecast, by Surgery Type
6.2.4.2. Canada
6.2.4.2.1. Canada Market Size and Forecast, by Component
6.2.4.2.2. Canada Market Size and Forecast, by Surgery Type
6.2.4.3. Mexico
6.2.4.3.1. Mexico Market Size and Forecast, by Component
6.2.4.3.2. Mexico Market Size and Forecast, by Surgery Type
6.3. Europe
6.3.1. Key Market Trends and Opportunities
6.3.2. Market Size and Forecast, by Component
6.3.3. Market Size and Forecast, by Surgery Type
6.3.4. Market Size and Forecast, by Country
6.3.4.1. Germany
6.3.4.1.1. Germany Market Size and Forecast, by Component
6.3.4.1.2. Germany Market Size and Forecast, by Surgery Type
6.3.4.2. France
6.3.4.2.1. France Market Size and Forecast, by Component
6.3.4.2.2. France Market Size and Forecast, by Surgery Type
6.3.4.3. UK
6.3.4.3.1. UK Market Size and Forecast, by Component
6.3.4.3.2. UK Market Size and Forecast, by Surgery Type
6.3.4.4. Italy
6.3.4.4.1. Italy Market Size and Forecast, by Component
6.3.4.4.2. Italy Market Size and Forecast, by Surgery Type
6.3.4.5. Spain
6.3.4.5.1. Spain Market Size and Forecast, by Component
6.3.4.5.2. Spain Market Size and Forecast, by Surgery Type
6.3.4.6. Rest of Europe
6.3.4.6.1. Rest of Europe Market Size and Forecast, by Component
6.3.4.6.2. Rest of Europe Market Size and Forecast, by Surgery Type
6.4. Asia-Pacific
6.4.1. Key Market Trends and Opportunities
6.4.2. Market Size and Forecast, by Component
6.4.3. Market Size and Forecast, by Surgery Type
6.4.4. Market Size and Forecast, by Country
6.4.4.1. Japan
6.4.4.1.1. Japan Market Size and Forecast, by Component
6.4.4.1.2. Japan Market Size and Forecast, by Surgery Type
6.4.4.2. China
6.4.4.2.1. China Market Size and Forecast, by Component
6.4.4.2.2. China Market Size and Forecast, by Surgery Type
6.4.4.3. India
6.4.4.3.1. India Market Size and Forecast, by Component
6.4.4.3.2. India Market Size and Forecast, by Surgery Type
6.4.4.4. Australia
6.4.4.4.1. Australia Market Size and Forecast, by Component
6.4.4.4.2. Australia Market Size and Forecast, by Surgery Type
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Rest of Asia-Pacific Market Size and Forecast, by Component
6.4.4.5.2. Rest of Asia-Pacific Market Size and Forecast, by Surgery Type
6.5. LAMEA
6.5.1. Key Market Trends and Opportunities
6.5.2. Market Size and Forecast, by Component
6.5.3. Market Size and Forecast, by Surgery Type
6.5.4. Market Size and Forecast, by Country
6.5.4.1. Brazil
6.5.4.1.1. Brazil Market Size and Forecast, by Component
6.5.4.1.2. Brazil Market Size and Forecast, by Surgery Type
6.5.4.2. Saudi Arabia
6.5.4.2.1. Saudi Arabia Market Size and Forecast, by Component
6.5.4.2.2. Saudi Arabia Market Size and Forecast, by Surgery Type
6.5.4.3. South Africa
6.5.4.3.1. South Africa Market Size and Forecast, by Component
6.5.4.3.2. South Africa Market Size and Forecast, by Surgery Type
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Rest of LAMEA Market Size and Forecast, by Component
6.5.4.4.2. Rest of LAMEA Market Size and Forecast, by Surgery Type

Chapter 7: Company Profiles
7.1. Intuitive Surgical, Inc.
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Product Portfolio
7.1.5. Business Performance
7.1.6. Key Strategic Moves and Developments
7.2. Globus Medical, Inc
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Product Portfolio
7.2.5. Business Performance
7.3. Johnson & Johnson
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Product Portfolio
7.3.5. Business Performance
7.3.6. Key Strategic Moves and Developments
7.4. Medtronic plc.
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Product Portfolio
7.4.5. Business Performance
7.4.6. Key Strategic Moves and Developments
7.5. Siemens AG (Siemens Healthineers)
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Product Portfolio
7.5.5. Business Performance
7.5.6. Key Strategic Moves and Developments
7.6. Smith & Nephew
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Product Portfolio
7.6.5. Business Performance
7.7. Stryker Corporation
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Product Portfolio
7.7.5. Business Performance
7.8. Titan Medical Inc.
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Product Portfolio
7.9. Transenterix, Inc.
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Product Portfolio
7.9.5. Business Performance
7.9.6. Key Strategic Moves and Developments
7.10. Zimmer Biomet Holdings, Inc.
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Product Portfolio
7.10.5. Business Performance
7.10.6. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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