Quick Summary:
In the continually evolving healthcare sector, increasing demand for minimally invasive surgical methods positions the global robotic surgery devices market for substantial growth. State-of-the-art robotic tools offer surgeons unmatched precision and control, transforming complex operations into safer, more manageable procedures. Alongside enhancing surgical outcomes, they significantly reduce patient recovery times, propelling their acceptance in hospitals and ambulatory surgery centres worldwide.
Following a surge in demand for robotic surgical systems, instruments, and services, investors have turned their attention towards R&D efforts to stay ahead of the curve. Milestone developments in optical imaging, artificial intelligence, and even remote-operated devices are paving the way for the future of surgery. This comprehensive market research report offers a deep dive into this dynamic landscape, equipping decision-makers with valuable insights and empowering them to seize the multitude of opportunities this industry presents.
Robotic surgery equipment market consist of sales of robotic systems, instruments and accessories that are used for robotic surgeries. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Robotic surgery devices help doctors perform complex minimally invasive operations with precision and flexibility.
North America was the largest region in the robotic surgery devices market in 2022. Western Europe was the second largest market in robotic surgery devices market. The regions covered in the robotic surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The main product and services in the robotic surgery devices market are robotic systems, instruments and accessories, and services. The services are provided by the robots and are also called robot-assisted surgery services. The various surgery types are urological surgery, gynecological surgery, orthopedic surgery, neurosurgery, and others. These are used in hospitals and ambulatory surgery centres.
The rise in demand for minimally invasive technology is driving the robotic surgery devices market. Minimally Invasive (MI) surgery devices are equipped with imaging and catheter technologies that can be easily inserted into any part of the body. Robotic surgery procedures are usually associated with minimally invasive surgeries. These technologies are mainly used for heart, laparoscopy, orthopedic, gynecological, and urological surgeries. Robotic surgeries were introduced to reduce patient hospital length of stay (LOS), pain, complications, return to work time, and reoperations. According to the Intuitive Surgical company report, there is a 24% growth year on year for instruments and accessories. For robotic systems, the company has gained 16% growth and the overall robotic surgery devices market is growing at a rate of 13% -16%. The Intuitive Surgical company estimates that more than 1.2 million surgical procedures were done by using their robotic systems. Consumer preferences are changing, and hospitals are adopting robotic surgery devices to create more value and cost-effective surgical procedures.
Expensive robotic surgery is hampering the robotic surgery devices market. Robotic surgery is comparatively more expensive than other traditional ways of surgeries as it is associated with a lot of complications, requires highly trained senior doctors to operate robotic systems/instruments, complex technical operations, and maintenance. A single robotic system costs around $2 million and the surgery costs about a range of $3000 - $6000. The annual maintenance cost of robotic surgery devices usually costs between $100,000 - $170,000. The largest robotic surgery device manufacturer Intuitive Surgical supplies the single-use or disposable surgical tools used for robotic arms for surgeries. This is one of the reasons that robotic surgeries are more costly. The huge cost associated with robotic surgeries is therefore hindering the market growth.
The advances in surgical products and technologies in the health care industry are creating more opportunities in the robotic surgery devices market. Increasing investments in R&D is helping investors to create value for the customers by producing medical-surgical products like robotic surgery devices by using the latest technologies. With the use of robotic systems that are equipped with optical imaging, surgical tools, instruments, and accessories, the surgeries are made easier. Some of the surgical advances that are creating more value and opportunity in the healthcare industry include 3-D high definition endoscope (Multi-Angle Rear-Viewing Endoscopic tool) devices for Brain surgery, Smart surgical glasses (equipped with a video camera and Head-mounted monitor) that act like computers, and can use for live observation of surgeries, surgical robots with artificial intelligence that acts as doctors, and humanoid robots which are used for highly critical surgeries in eye and brain. The other advanced surgical tool is remote robotics, which is used to assist with surgery from any remote location. Therefore, robotic surgery devices are playing an important role in the healthcare industry with their technological advancements and innovations.
In February 2020, Medtronic plc, a US-based medical device manufacturer, acquired Digital Surgery for an undisclosed amount. The acquisition would help Medtronic in clinical decision support and reduce its cost. It will also help them to grow in the robotic surgery vertical. Digital Surgery is a UK-based manufacturer of digital surgical tools.
The countries covered in the robotic surgery devices market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The robotic surgery devices market research report is one of a series of new reports that provides robotic surgery devices market statistics, including robotic surgery devices industry global market size, regional shares, competitors with a robotic surgery devices market share, detailed robotic surgery devices market segments, market trends and opportunities, and any further data you may need to thrive in the robotic surgery devices industry. This robotic surgery devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the robotic surgery devices market are Intuitive Surgical, Stryker, Medtronic, Smith & Nephew, TransEnterix, Mazor Robotics, Medrobotics, Accuray, THINK Surgical, and TINAVI Medical Technology Co. Ltd.
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Table of Contents
1. Executive Summary2. Robotic Surgery Devices Market Characteristics
3. Robotic Surgery Devices Market Trends And Strategies
4. Robotic Surgery Devices Market - Macro Economic Scenario
4.1 COVID-19 Impact On Robotic Surgery Devices Market
4.2 Ukraine-Russia War Impact On Robotic Surgery Devices Market
4.3 Impact Of High Inflation On Robotic Surgery Devices Market
5. Robotic Surgery Devices Market Size And Growth
5.1. Global Robotic Surgery Devices Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Robotic Surgery Devices Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Robotic Surgery Devices Market Segmentation
6.1. Global Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Robotic systems
- Instruments & Accessories
- Services
- Urological surgery
- Gynecological surgery
- Orthopedic surgery
- Neurosurgery
- Other Surgery Types
- Hospitals
- Ambulatory Surgery Centers
7.1. Global Robotic Surgery Devices Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Robotic Surgery Devices Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Robotic Surgery Devices Market
8.1. Asia-Pacific Robotic Surgery Devices Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Robotic Surgery Devices Market
9.1. China Robotic Surgery Devices Market Overview
9.2. China Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Robotic Surgery Devices Market
10.1. India Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Robotic Surgery Devices Market
11.1. Japan Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Robotic Surgery Devices Market
12.1. Australia Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Robotic Surgery Devices Market
13.1. Indonesia Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Robotic Surgery Devices Market
14.1. South Korea Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Robotic Surgery Devices Market
15.1. Western Europe Robotic Surgery Devices Market Overview
15.2. Western Europe Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Robotic Surgery Devices Market
16.1. UK Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Robotic Surgery Devices Market
17.1. Germany Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Robotic Surgery Devices Market
18.1. France Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Robotic Surgery Devices Market
19.1. Eastern Europe Robotic Surgery Devices Market Overview
19.2. Eastern Europe Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Robotic Surgery Devices Market
20.1. Russia Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Robotic Surgery Devices Market
21.1. North America Robotic Surgery Devices Market Overview
21.2. North America Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Robotic Surgery Devices Market
22.1. USA Robotic Surgery Devices Market Overview
22.2. USA Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Robotic Surgery Devices Market
23.1. South America Robotic Surgery Devices Market Overview
23.2. South America Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Robotic Surgery Devices Market
24.1. Brazil Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Robotic Surgery Devices Market
25.1. Middle East Robotic Surgery Devices Market Overview
25.2. Middle East Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Robotic Surgery Devices Market
26.1. Africa Robotic Surgery Devices Market Overview
26.2. Africa Robotic Surgery Devices Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Robotic Surgery Devices Market, Segmentation By Surgery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Robotic Surgery Devices Market Competitive Landscape And Company Profiles
27.1. Robotic Surgery Devices Market Competitive Landscape
27.2. Robotic Surgery Devices Market Company Profiles
27.2.1. Intuitive Surgical
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Stryker
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Medtronic
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Smith & Nephew
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. TransEnterix
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Robotic Surgery Devices Market
29. Robotic Surgery Devices Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Robotic Surgery Devices Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on robotic surgery devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered
1) By Product and Service: Robotic systems; Instruments & Accessories; Services2) By Surgery Type: Urological surgery; Gynecological surgery; Orthopedic surgery; Neurosurgery; Other Surgery Types
3) By End User: Hospitals; Ambulatory Surgery Centers
Companies Mentioned: Intuitive Surgical; Stryker; Medtronic; Smith & Nephew; TransEnterix
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Intuitive Surgical
- Stryker
- Medtronic
- Smith & Nephew
- TransEnterix
- Mazor Robotics
- Medrobotics
- Accuray
- THINK Surgical
- TINAVI Medical Technology Co. Ltd.
- Hansen Medical
- Auris Surgical Robotics Inc. (Hansen Medical Inc.)
- CMR Surgical
- Zimmer Biomet
- MedTech
- Corindus Vascular Robotics
- Renishaw
- Verb Surgical
- Meere Company
- Titan Medical
- Stereotaxis, Inc.
- KUKA AG
- Microbot Medical
- OMNIlife science Inc.
- Preceyes BV
- Microsure
- AvateraMedical GmbH
- Medicaroid Corporation
- TINAVI Medical Technology Co. Ltd.
- AOT AG
- Robocath
- Rob Surgical Systems
- Siasun Robot & Automation Co. Ltd.
- Curexo
- Hocoma
- Omnicell
- Arxium
- Ekso Bionics Holdings
- Globus Medical
- Maxar Technologies Limited
Methodology
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