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Surgical Robots Market by Products, Application, Region, Company Analysis, & Global Forecast

  • ID: 5265134
  • Report
  • February 2021
  • Region: Global
  • Renub Research
Surgical Robots Market will grow and reach US$ 14.8 Billion by 2027

FEATURED COMPANIES

  • Intuitive Surgical
  • Medtronic
  • Smith & Nephew
  • Stryker Corporation
  • Transentrix Inc.
  • Zimmer Biomet

Surgical Robots are described as a machine that executes multiple surgical tasks in a capable - captive composition system. A minimally invasive surgery that uses robots to perform surgical procedures is called robotics surgery. These robotics systems are operated by surgeons consisting of miniaturized surgical instruments placed on robotic arms, enhancing surgeons' performance. The need for automation in the healthcare industry is the reason for the rise in the surgical robots industry. As per this research latest report, the Global Surgical Robots Market will grow and reach US$ 14.8 Billion by 2027.



General surgery has experienced the advancement of minimally invasive procedures performed with a tiny incision. Surgical robots help doctors to achieve many successful minimally invasive surgeries in the healthcare domain. Surgical robots help surgeons complete all sorts of complicated operations with more precision and flexibility than traditional techniques. As per the research findings, the surgical robotics market is expected to grow with a double-digit CAGR of 11.52% from 2020 to 2027.

Da Vinci is the oldest and most widely used system globally. It involves three components - the surgeon’s console, a patient cart, and the vision cart. These components work together and mimic the moment; this makes the doctor clearly understand the situation better than before. There are four da Vinci models available for different types of surgeries Da Vinci Si, Da Vinci X, Da Vinci Xi, and Da Vinci SP.

There are many types of surgeries performed by surgical robots. General surgeries are in transition as the introductions of robots in the field are increasing year on year. This report provides the Global Surgical Robots Market with seven applications: Gynecological Surgery, Urological Surgery, Orthopedic Surgery, Interventional Cardiology, and Neurosurgery. The factors which are boosting this market are new technological advancement, demand for minimally invasive surgery. As per this report, the market for global surgical robots was USD 6.9 Billion in 2020.

In North America, large pools of patients are inclined towards the minimally invasive surgical procedure. Many patients suffer from a neurological disorder, too in this region. High per capita income for health expenditure, rising prevalence of chronic diseases, are other factors for a massive demand for surgical robots.

COVID-19 Impact Analysis

Approximately 28 million surgeries were called off around the globe during this period of the Covid-19 pandemic. Thus, the decline in surgical procedures has led to deterioration in companies' sales and surgical robots market. The pandemic has changed drastically various industries and lives on a vast scale, and the surgical robotics industry is not an exception.

This report titled "Surgical Robots Market, Global Forecast by Products (Surgical Systems, Instrument & Accessories, Services (Maintenance & Upgradation), Application (General Surgery, Gynecological Surgery, Urological Surgery, Orthopedic Surgery, Interventional Cardiology, Neurosurgery, Other Applications), Region (North America, Europe, Asia-Pacific’s, Latin America Rest of the world), Company (Medtronic, Intuitive Surgical, Stryker Corporation, Smith & Nephew, Zimmer Biomet, Transentrix Inc.)". provides comprehensive insights on Surgical Robotics Industry.

Surgical Robots has been divided into 3 Products

  • Surgical systems
  • Instrument & Accessories
  • Services (Maintenance & Upgradation)

Application - Market breakup by 7 Segments

1. General Surgery
2. Gynecological Surgery
3. Urological Surgery
4. Orthopedic Surgery
5. Interventional cardiology
6. Neurosurgery
7. Other Applications

Regions

1. North America
2. Europe
3. Asia-Pacific
4. Latin America
5. Rest of World

All the Companies have been covered from 3 Points

  • Overview
  • Recent Developments
  • Sales Analysis

Company Analysis

  • Medtronic
  • Intuitive Surgical
  • Stryker Corporation
  • Smith & Nephew
  • Zimmer Biomet
  • Transentrix Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Intuitive Surgical
  • Medtronic
  • Smith & Nephew
  • Stryker Corporation
  • Transentrix Inc.
  • Zimmer Biomet
1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. Global Surgical Robots Market

6. Market Share Analysis
6.1 By Products
6.2 By Application
6.3 By Regions

7. Product- Global Surgical Robots Market
7.1 Surgical systems
7.2 Instrument & Accessories
7.3 Services (Maintenance & Upgradation)

8. Application- Global Surgical Robots Market
8.1 General Surgery
8.2 Gynecological Surgery
8.3 Urological Surgery
8.4 Orthopedic Surgery
8.5 Interventional cardiology
8.6 Neurosurgery
8.7 Other Applications

9. Regions - Global Surgical Robots Market
9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Latin America
9.5 Row

10. Merger & Acquisitions

11. Company Analysis
11.1 Medtronic
11.1.1 Overview
11.1.2 Recent Developments
11.1.3 Revenues
11.2 Intuitive Surgical
11.2.1 Overview
11.2.2 Recent Developments
11.2.3 Revenues
11.3 Stryker Corporation
11.3.1 Overview
11.3.2 Recent Developments
11.3.3 Revenues
11.4 Smith & Nephew
11.4.1 Overview
11.4.2 Recent Developments
11.4.3 Revenues
11.5 Zimmer Biomet
11.5.1 Overview
11.5.2 Recent Developments
11.5.3 Revenues
11.6 Transentrix Inc.
11.6.1 Overview
11.6.2 Recent Developments
11.6.3 Revenues

List of Figures:
Figure-01: Global Surgical Robots Market (Million US$) 2016 - 2020
Figure-02: Forecast for Global Surgical Robots Market (Million US$) 2021 - 2027
Figure-03: By Product - Surgical Systems Market (Million US$) 2016 - 2020
Figure-04: By Product - Forecast for Surgical Systems Market (Million US$) 2021 - 2027
Figure-05: By Product - Instrument & Accessories Market (Million US$) 2016 - 2020
Figure-06: By Product - Forecast for Instrument & Accessories Market (Million US$) 2021 - 2027
Figure-07: By Product - Services (Maintenance & Upgradation) Market (Million US$) 2016 - 2020
Figure-08: By Product - Forecast for Services (Maintenance & Upgradation) Market (Million US$) 2021 - 2027
Figure-09: By Application - General Surgery Market, (Million US$) 2016 - 2020
Figure-10: By Application - Forecast for General Surgery Market, (Million US$) 2021 - 2027
Figure-11: By Application - Urological Surgery Market, (Million US$) 2016 - 2020
Figure-12: By Application - Forecast for Urological Surgery Market, (Million US$) 2021 - 2027
Figure-13: By Application - Gynecological Surgery Market, (Million US$) 2016 - 2020
Figure-14: By Application - Forecast for Gynecological Surgery Market, (Million US$) 2021 - 2027
Figure-15: By Application - Orthopedic Surgery Market, (Million US$) 2016 - 2020
Figure-16: By Application - Forecast for Orthopedic Surgery Market, (Million US$) 2021 - 2027
Figure-17: By Application - Interventional Cardiology Market, (Million US$) 2016 - 2020
Figure-18: By Application - Forecast for Interventional Cardiology Market, (Million US$) 2021 - 2027
Figure-19: By Application - Neurosurgery Market, (Million US$) 2016 - 2020
Figure-20: By Application - Forecast for Neurosurgery Market, (Million US$) 2021 - 2027
Figure-21: By Application - Other Market, (Million US$) 2016 - 2020
Figure-22: By Application - Forecast for Other Market, (Million US$) 2021 - 2027
Figure-23: North America - Surgical Robotics Market (Million US$), 2016 - 2020
Figure-24: North America - Forecast for Surgical Robotics Market (Million US$), 2021 - 2027
Figure-25: Europe - Surgical Robotics Market (Million US$), 2016 - 2020
Figure-26: Europe - Forecast for Surgical Robotics Market (Million US$), 2021 - 2027
Figure-27: Asia-Pacific - Surgical Robotics Market (Million US$), 2016 - 2020
Figure-28: Asia-Pacific - Forecast for Surgical Robotics Market (Million US$), 2021 - 2027
Figure-29: Latin America - Surgical Robotics Market (Million US$), 2016 - 2020
Figure-30: Latin America - Forecast for Surgical Robotics Market (Million US$), 2021 - 2027
Figure-31: Row - Surgical Robotics Market (Million US$), 2016 - 2020
Figure-32: Row - Forecast for Surgical Robotics Market (Million US$), 2021 - 2027
Note: Product cover images may vary from those shown
  • Medtronic
  • Intuitive Surgical
  • Stryker Corporation
  • Smith & Nephew
  • Zimmer Biomet
  • Transentrix Inc.
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

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

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