Global Surgical Robots Market will reach US$ 16.51 Billion in 2030, according to the publisher. Surgical robots use robotic systems to assist surgeons during operations, providing improved precision, control, and access. These systems consist of a console, robotic arms, and surgical instruments. The surgeon operates the design from the console, translating their hand movements into precise motions of the robotic arms. In addition, these arms have dexterous tools that mimic the surgeon's movements, enabling careful tissue manipulation and suturing.Surgical Robotics Market was US$ 4.65 Billion in 2022
The da Vinci Surgical System is an actual example of a surgical robotic system used in urology, gynecology, and general surgery. Other companies and research institutions are also advancing surgical robotics technology to enhance surgical capabilities. However, it is important to note that surgical robotics are not intended to replace human surgeons but rather assist and enhance surgical procedures, with surgeons retaining control and making critical decisions throughout the process.
Global Surgical Robotics Market shall expand at a CAGR of 17.16% from 2022 to 2030
Surgical robotics offer several benefits, including high precision and dexterity, enabling surgeons to perform complex procedures with greater accuracy. They also allow minimally invasive procedures, reducing trauma, scarring, and patient recovery time. Surgeons using surgical robots can access high-definition 3D visuals, providing a detailed view of the surgical site. Robotic systems can filter out natural hand tremors, allowing for steady and precise movements during delicate procedures. Robotic arms can reach areas that may be challenging for human hands, providing improved access to tight spaces within the body. Some surgical robot designs enable remote surgery, potentially improving access to specialized surgical care. Hence, the market value for Global Surgical Robotics Market was US$ 4.65 Billion in 2022.Instruments and accessories have the highest share in the global surgical robotics market
Surgical systems, instruments & accessories, and services (maintenance & up gradation) are the product categories in the global surgical robotics market. Instruments and accessories dominate the surgical robotics market due to the high demand for compatible products across various procedures. Customizability is essential for different surgical specialties, driving the need for specialized instruments. Regular upgrades and replacements and the disposable nature of many components contribute to ongoing demand. Manufacturers capitalize on higher profit margins, while competition leads to diverse offerings. Continuous research and development produce innovative instruments and accessories, meeting surgeons' needs and reinforcing their dominance in the market.General surgery's growth in the global surgical robotics market is driven by the expanding capabilities of surgical robots and increased surgeon adoption
By application, the global surgical robotics market consists of General Surgery, Gynecological Surgery, Urological Surgery, Orthopedic Surgery, Interventional Cardiology, Neurosurgery, and Other Applications. The advancement of surgical robotics technology attracts general surgeons to adopt robotic-assisted techniques, offering improved outcomes and benefiting patients. Robotic-assisted surgery aligns well with general surgery's minimally invasive approach, driving its increased utilization. Patient demand for minimally invasive options, fuelled by faster recovery and improved outcomes, expands general surgery in the surgical robotics market. In addition, continuous technological advancements enhance the efficiency and effectiveness of robot-assisted general surgery, broadening the range of procedures performed by surgeons robotically.Asia-Pacific surgical robotics market shall expand at the fastest rate in the future
North America, Europe, Asia-Pacific, Latin America, and Rest of World are the major global surgical robots market regions. The adoption of surgical robotics technology in the Asia-Pacific region is rapidly increasing due to growing healthcare infrastructure, rising expenditure, and increased awareness of the benefits of robotic-assisted procedures, supported by investments from governments and healthcare providers. The region also has a rising demand for minimally invasive surgeries due to chronic diseases, an aging population, and patient expectations. Local advancements in surgical robotics technology have led to cost-effective systems tailored to the region's needs. The presence of surfacing economies like China and India offers untapped potential, driven by economic growth and improved healthcare infrastructure. Collaborations between international manufacturers and local providers promote knowledge exchange, while favourable regulations ensure innovation and patient safety.North America's leadership in the surgical robotics market stems from its pioneering role in technological advancements, a strong presence of leading companies and research institutions, well-established healthcare infrastructure, high healthcare expenditures, stringent regulatory frameworks, skilled surgeons with specialized training, competitive market landscape, and favourable reimbursement policies, all contribute to its market dominance.
Ambulatory Surgery Centers (ASCs) present in the global surgical robotics market shall thrive in the future
Based on end-users, hospitals, ambulatory surgery centers, and others are the global surgical robotics market divisions. Ambulatory Surgery Centers (ASCs) in the global surgical robotics market growth is due to cost-effectiveness, specialization in minimally invasive procedures, high patient satisfaction, technological advancements, and regulatory support. Offering lower costs than hospitals, ASCs attract patients, insurance providers, and healthcare systems. Surgical robotics enhances precision and efficiency, making ASCs cost-effective. With expertise in outpatient minimally invasive surgeries, ASCs benefit from smaller incisions reduced scarring, and faster recovery using surgical robotics. Patient satisfaction increases due to convenience, improved outcomes, and personalized care. Technological advancements make surgical robotics compact, user-friendly, and affordable for ASCs, attracting surgeons and driving demand. Regulatory recognition ensures safety and effectiveness, facilitating the integration of surgical robotics into ASCs for advanced procedures while meeting standards.Key Players
Medtronic, Intuitive Surgical, Stryker Corporation, Smith & Nephew, Zimmer Biomet, Renishawplc, and Siemens Healthineers are notable companies in the global surgical robotics market.In August 2022 - THINK Surgical, Inc., a leader in orthopedic surgical robotics, has recently announced a collaboration and distribution agreement with Curexo, Inc., a South Korea-based company specializing in medical robotics.
In June 2022 - Intuitive, a global head in minimally invasive care and the developer of robotic-assisted surgery received clearance from the U.S. Food and Drug Administration (FDA) to integrate a mobile cone-beam CT (CBCT) imaging technology with the Ion Endoluminal System, a robotic-assisted bronchoscopy device.
The report titled 'Global 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), End-User (Hospitals, Ambulatory Surgery Centers, and Others), Region (North America, Europe, Asia-Pacific’s, Latin America Rest of the world), Company (Medtronic, Intuitive Surgical, Stryker Corporation, Smith & Nephew, Zimmer Biomet, Renishawplc, and Siemens Healthineers )' provides a comprehensive insight on Global Surgical Robotics Industry.
Surgical Robots has been divided into 3 Products
1. Surgical systems2. Instrument & Accessories
3. Services (Maintenance & Upgradation)
Application - Market breakup by 7 Segments
1. General Surgery2. Gynecological Surgery
3. Urological Surgery
4. Orthopedic Surgery
5. Interventional cardiology
6. Neurosurgery
7. Other Applications
Regions - Market breakup in 5 viewpoints
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 Germany2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Spain
2.6 Belgium
2.7 Sweden
2.8 Switzerland
2.9 Netherlands
3. Asia-Pacific
3.1 China3.2 Japan
3.3 India
3.4 Australia
3.5 South Korea
3.6 Thailand
3.7 Indonesia
3.8 Taiwan
3.9 Singapore
4. Latin America
4.1 Brazil4.2 Mexico
4.3 Argentina
4.4 Columbia
4.5 Chile
5. Rest of the World
End-User - Market breakup in 3 divisions
1. Hospitals2. Ambulance Surgery Centers (ASC)
3. Others
All the Companies have been covered from 3 Points
- Overview
- Recent Developments
- Sales Analysis
Company Analysis
1. Medtronic2. Intuitive Surgical
3. Stryker Corporation
4. Smith & Nephew
5. Zimmer Biomet
6. Renishawplc
7. Siemens Healthineers
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary13. Merger & Acquisitions
4. Market Dynamics
5. Porter’s Five Forces
6. SWOT Analysis
7. Global Surgical Robots Market and Volume Analysis
8. Market Share - Global Surgical Robot Analysis
9. Product - Global Surgical Robots Market
10. Application - Global Surgical Robots Market
11. Regions - Global Surgical Robots Market
12. End User - Global Surgical Robots Market
14. Company Analysis
List of Figures:
List of Tables:
Companies Mentioned
- Medtronic
- Intuitive Surgical
- Stryker Corporation
- Smith & Nephew
- Zimmer Biomet
- Renishawplc
- Siemens Healthineers
Methodology
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | May 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 4.65 Billion |
| Forecasted Market Value ( USD | $ 16.51 Billion |
| Compound Annual Growth Rate | 17.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
