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Global Surgical Robot Market (By Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

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    Report

  • 130 Pages
  • January 2022
  • Region: Global
  • Koncept Analytics
  • ID: 5531032
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The global surgical robot market is forecasted to reach US$31.58 billion in 2026, experiencing growth at a CAGR of 21.19% during the period spanning from 2022 to 2026. Growth in the global surgical robot market was supported by factors such as ageing population, rise in disposable income, accelerating global spending on health, advantages of robotic-assisted surgery, rapid increase in chronic disorders, favourable government policies and support, and advances in diagnostic tech. However, the market growth is expected to be restrained by the high cost of surgical robotic systems and their associated procedures and the shortage of skilled professionals.




The global surgical robot market by surgery type can be segmented as follows: laparoscopic robots, orthopaedic robots, percutaneous robots, natural orifice robots, panvascular robots and other surgical robots. In 2021, the dominant share of the global surgical robot market was held by laparoscopic robots, followed by orthopaedic robots. Laparoscopic surgical robots can handle a wide range of complex surgeries using the minimally invasive surgery (MIS) approach, and provide additional benefits (dexterity, wider range of movement, tremor filtration, 3DHD vision, and flexible laparoscope control) over standard laparoscopy.


The global surgical robot market by region can be segmented as follows: North America, Europe, Asia Pacific and Rest of the world. The largest share of the market was being held by North America, followed by Europe. Factors such as integration of new technologies, diversification in revenue streams and diversification in surgery types helped in boosting the market growth.


Scope of the report


  • The report provides a comprehensive analysis of the global surgical robot market with the potential impact of COVID-19.
  • The major regional markets (North America, Europe, Asia Pacific, Rest of the world) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Auris Health, Inc., Medtronic plc, Stryker Corporation, Intuitive Surgical, Inc., Zimmer Biomet Holdings, Inc., Smith & Nephew plc) are also presented in detail.

Key Target Audience


  • Surgical Robots Manufacturers
  • Surgical Robots Suppliers & Distributors
  • Medical Professionals
  • Investment Banks
  • Government Bodies & Regulating Authorities
Frequently Asked Questions about the Global Surgical Robot Market

What is the estimated value of the Global Surgical Robot Market?

The Global Surgical Robot Market was estimated to be valued at $14.64 Billion in 2022.

What is the growth rate of the Global Surgical Robot Market?

The growth rate of the Global Surgical Robot Market is 21.1%, with an estimated value of $31.58 Billion by 2026.

What is the forecasted size of the Global Surgical Robot Market?

The Global Surgical Robot Market is estimated to be worth $31.58 Billion by 2026.

Who are the key companies in the Global Surgical Robot Market?

Key companies in the Global Surgical Robot Market include Intuitive Surgical, Inc., Johnson & Johnson (Auris Health, Inc.), Medtronic plc, Smith & Nephew plc and Zimmer Biomet Holdings, Inc..

Table of Contents

1. Market Overview
1.1 Surgical Robots
1.1.1 Surgical Robots - Introduction
1.1.2 Key Features of Surgical Robots
1.2 Type of Surgical Robots
1.3 Advantages of Surgical Robots
1.4 Disadvantages of Surgical Robots


2. Impact of COVID-19
2.1 Impact of COVID-19 on Global Surgical Robot Market
2.2 Impact of COVID-19 on Elective Surgeries
2.3 Challenges for Surgical Workforce
2.4 Post-COVID Scenario


3. Market Analysis
3.1 Global Surgical Robot Market by Value
3.2 Global Surgical Robot Market Forecast by Value
3.3 Global Surgical Robot Market by Surgery Type
3.3.1 Global Laparoscopic Surgical Robot Market by Value
3.3.2 Global Laparoscopic Surgical Robot Market Forecast by Value
3.3.3 Global Orthopedic Surgical Robot Market by Value
3.3.4 Global Orthopedic Surgical Robot Market Forecast by Value
3.3.5 Global Percutaneous Surgical Robot Market by Value
3.3.6 Global Percutaneous Surgical Robot Market Forecast by Value
3.3.7 Global Natural Orifice Surgical Robot Market by Value
3.3.8 Global Natural Orifice Surgical Robot Market Forecast by Value
3.3.9 Global Panvascular Surgical Robot Market by Value
3.3.10 Global Panvascular Surgical Robot Market Forecast by Value
3.4 Global Surgical Robot Market by Region


4. Regional Market
4.1 North America
4.1.1 North America Surgical Robot Market Forecast by Value
4.1.2 North America Surgical Robot Market by Region
4.1.3 The US Surgical Robot Market Forecast by Value
4.1.4 The US Surgical Robot Market by Surgery Type
4.1.5 The US Laparoscopic Surgical Robot Market Forecast by Value
4.1.6 The US Laparoscopic Surgical Robot Market by Component
4.1.7 The US Laparoscopic Surgical Robot Components Market Forecast by Value
4.1.8 The US Joint Replacement Surgical Robot Market Forecast by Value
4.1.9 The US Joint Replacement Surgical Robot Market by Component
4.1.10 The US Joint Replacement Surgical Robot Components Market Forecast by Value
4.1.11 Rest of North America Surgical Robot Market Forecast by Value
4.2 Europe
4.2.1 Europe Surgical Robot Market Forecast by Value
4.3 Asia Pacific
4.3.1 Asia Pacific Surgical Robot Market Forecast by Value
4.3.2 Asia Pacific Surgical Robot Market by Region
4.3.3 China Surgical Robot Market Forecast by Value
4.3.4 China Surgical Robot Market by Surgery Type
4.3.5 China Laparoscopic Surgical Robot Market Forecast by Value
4.3.6 China Laparoscopic Surgical Robot Market by Component
4.3.7 China Laparoscopic Surgical Robot Components Market Forecast by Value
4.3.8 China Laparoscopic Surgical Robot Market by Number of Robots
4.3.9 China Laparoscopic Surgical Robot Market Forecast by Number of Robots
4.3.10 China Orthopedic Surgical Robot Market Forecast by Value
4.3.11 China Orthopedic Surgical Robot Market by Type
4.3.12 China Joint Replacement and Other Surgical Robot Market Forecast by Value
4.3.13 China Joint Replacement Surgical Robot Market by Cumulative Number of Robots
4.3.14 China Joint Replacement Surgical Robot Market Forecast by Cumulative Number of Robots
4.3.15 China Percutaneous Surgical Robot Market Forecast by Value
4.3.16 China Percutaneous Surgical Robot Market by Number of Newly Installed Robots
4.3.17 China Percutaneous Surgical Robot Market Forecast by Number of Newly Installed Robots
4.3.18 China Panvascular Surgical Robot Market Forecast by Value
4.3.19 China Panvascular Surgical Robot Market Forecast by Number of Newly Installed Robots
4.3.20 China Natural Orifice Surgical Robot Market Forecast by Value
4.3.21 China Natural Orifice Surgical Robot Market Forecast by Number of Newly Installed Robots
4.3.22 Rest of Asia Pacific Surgical Robot Market Forecast by Value
4.4 Rest of the World
4.4.1 Rest of the World Surgical Robot Market Forecast by Value


5. Market Dynamics
5.1 Growth Drivers
5.1.1 Aging Population
5.1.2 Rise in Disposable Income
5.1.3 Accelerating Spending on Health
5.1.4 Advantages of Robotic-assisted Surgery
5.1.5 Rapid Increase in Chronic Disorders
5.1.6 Favorable Government Policies and Support
5.1.7 Advances in Diagnostic Tech
5.2 Key Trends & Developments
5.2.1 Integration of New Technologies
5.2.2 5G to Revolutionize Robotic-assisted Surgery
5.2.3 Diversification in Revenue Streams
5.2.4 Diversification in Surgery Types
5.2.5 Increasing C-Section Surgeries
5.3 Challenges
5.3.1 High Cost of Surgical Robotic Systems and their Associated Procedures
5.3.2 Shortage of Skilled Professionals


6. Competitive Landscape
6.1 Global Market
6.1.1 Revenue Comparison - Key Players
6.1.2 Market Capitalization Comparison - Key Players
6.1.3 Research and Development Expenses - Key Players
6.1.4 Global Market Share - Key Players
6.2 China Market
6.2.1 China Laparoscopic Surgical Robot Market Players by Product Comparison
6.2.2 China Joint Replacement Surgical Robot Market Players by Product Comparison


7. Company Profiles
7.1 Intuitive Surgical, Inc.
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 Stryker Corporation
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Medtronic plc
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 Smith & Nephew plc
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 Zimmer Biomet Holdings, Inc.
7.5.1 Business Overview
7.5.2 Financial Overview
7.5.3 Business Strategies
7.6 Johnson & Johnson (Auris Health, Inc.)
7.6.1 Business Overview
7.6.2 Financial Overview
7.6.3 Business Strategies


List of Figures
  • History of Surgical Robots
  • Key Features of Surgical Robots
  • Type of Surgical Robots
  • Global Surgical Robot Market by Value (2017-2021)
  • Global Surgical Robot Market Forecast by Value (2022-2026)
  • Global Surgical Robot Market by Surgery Type (2021)
  • Global Laparoscopic Surgical Robot Market by Value (2017-2021)
  • Global Laparoscopic Surgical Robot Market Forecast by Value (2022-2026)
  • Global Orthopedic Surgical Robot Market by Value (2017-2021)
  • Global Orthopedic Surgical Robot Market Forecast by Value (2022-2026)
  • Global Percutaneous Surgical Robot Market by Value (2017-2021)
  • Global Percutaneous Surgical Robot Market Forecast by Value (2022-2026)
  • Global Natural Orifice Surgical Robot Market by Value (2017-2021)
  • Global Natural Orifice Surgical Robot Market Forecast by Value (2022-2026)
  • Global Panvascular Surgical Robot Market by Value (2017 - 2021)
  • Global Panvascular Surgical Robot Market Forecast by Value (2022-2026)
  • Global Surgical Robot Market by Region (2021)
  • North America Surgical Robot Market Forecast by Value (2020-2026)
  • North America Surgical Robot Market by Region (2021)
  • The US Surgical Robot Market Forecast by Value (2020-2026)
  • The US Surgical Robot Market by Surgery Type (2021)
  • The US Laparoscopic Surgical Robot Market Forecast by Value (2020-2026)
  • The US Laparoscopic Surgical Robot Market by Component (2021)
  • The US Laparoscopic Surgical Robot Components Market Forecast by Value (2020-2026)
  • The US Joint Replacement Surgical Robot Market Forecast by Value (2020-2026)
  • The US Joint Replacement Surgical Robot Market by Component (2021)
  • The US Joint Replacement Surgical Robot Components Market Forecast by Value (2020-2026)
  • Rest of North America Surgical Robot Market Forecast by Value (2020-2026)
  • Europe Surgical Robot Market Forecast by Value (2020-2026)
  • Asia Pacific Surgical Robot Market Forecast by Value (2020-2026)
  • Asia Pacific Surgical Robot Market by Region (2021)
  • China Surgical Robot Market Forecast by value (2020-2026)
  • China Surgical Robot Market by Surgery Type (2021)
  • China Laparoscopic Surgical Robot Market Forecast by Value (2020-2026)
  • China Laparoscopic Surgical Robot Market by Component (2021)
  • China Laparoscopic Surgical Robot Components Market Forecast by Value (2020-2026)
  • China Laparoscopic Surgical Robot Market by Number of Robots (2017-2021)
  • China Laparoscopic Surgical Robot Market Forecast by Number of Robots (2022-2026)
  • China Orthopedic Surgical Robot Market Forecast by Value (2020-2026)
  • China Orthopedic Surgical Robot Market by Type (2021)
  • China Joint Replacement and Other Surgical Robot Market Forecast by Value (2020-2026)
  • China Joint Replacement Surgical Robot Market by Cumulative Number of Robots (2017-2021)
  • China Joint Replacement Surgical Robot Market Forecast by Cumulative Number of Robots (2022-2026)
  • China Percutaneous Surgical Robot Market Forecast by Value (2020-2026)
  • China Percutaneous Surgical Robot Market by Number of Newly Installed Robots (2017-2021)
  • China Percutaneous Surgical Robot Market Forecast by Number of Newly Installed Robots (2022-2026)
  • China Panvascular Surgical Robot Market Forecast by Value (2022-2026)
  • China Panvascular Surgical Robot Market Forecast by Number of Newly Installed Robot (2022-2026)
  • China Natural Orifice Surgical Robot Market Forecast by Value (2023-2026)
  • China Natural Orifice Surgical Robot Market Forecast by Number of Newly Installed Robot (2023 - 2026)
  • Rest of Asia Pacific Surgical Robot Market Forecast by Value (2020-2026)
  • Rest of the World Surgical Robot Market Forecast by Value (2020-2026)
  • Global Population Ages 65 and Above (2016-2020)
  • Global Gross National Income (GNI) Per Capita (2016-2020)
  • Global Health Spending Per Capita by Region (2017-2020)
  • Global Artificial Intelligence Technology Market Revenue (2020-2024)
  • Key Players - Global Market Share (2021)
  • Products & Services
  • Intuitive Surgical, Inc. Revenue & Gross Profit (2016-2020)
  • Intuitive Surgical, Inc. Revenue by Geography (2020)
  • Stryker Corporation Net Sales and Net Earnings (2016-2020)
  • Stryker Corporation Net Sales by Segment (2020)
  • Stryker Corporation Net sales by Geography (2020)
  • Business Segments
  • Medtronic plc Net Sales and Net Income (2017-2021)
  • Medtronic plc Net Sales by Segment (2021)
  • Medtronic plc Net sales by Geography (2021)
  • Business Segments
  • Smith & Nephew plc Revenue and Gross Profit (2016-2020)
  • Smith & Nephew plc Revenue by Segment (2020)
  • Smith & Nephew plc Revenue by Geography (2020)
  • Zimmer Biomet Holdings, Inc. Net Sales and Net (Loss) Earnings (2016-2020)
  • Zimmer Biomet Holdings, Inc. Net Sales by Segment (2020)
  • Johnson & Johnson Sales and Net Earnings (2016 - 2020)
  • Johnson & Johnson Sales by Segment (2020)
  • Johnson & Johnson Net sales by Geography (2020)



List of Tables
  • Key Players - Revenue Comparison (2020/2021)
  • Key Players - Market Capitalization Comparison (2022)
  • Key Players - Research and Development Expenses (2020/2021)
  • China Laparoscopic Surgical Robot Market Players by Product Comparison (2020)
  • China Joint Replacement Surgical Robot Market Players by Product Comparison (2020)

Companies Mentioned

  • Intuitive Surgical, Inc.
  • Johnson & Johnson (Auris Health, Inc.)
  • Medtronic plc
  • Smith & Nephew plc
  • Stryker Corporation 
  • Zimmer Biomet Holdings, Inc.