Surgical Robots Market
Surgical Robots Market Size, Share & Trends Analysis Report by Type (Instrument and Accessories, Robotic Systems, and Services), by End-User (Hospitals, Ambulatory Surgery Centers (ASCs), and Others (Clinics, Military Hospitals, and Veterinary Clinics)), and by Application (General Surgery, Orthopedic Surgery, Urologic Surgery, Gynecologic Surgery, Cardiac Surgery, Otolaryngology Surgery, and Others (Neurosurgery, Pediatric surgery)), Forecast Period (2023-2030)
Surgical robots market is anticipated to grow at a significant CAGR of 12.3% during the forecast period (2023-2030). Surgical robots, also known as robot-assisted surgery, are used to help surgeons perform complex procedures with more precision, flexibility, and control. The increase in the technological advancements is one of the key drivers of the market growth. Surgical robots can make more precise and controlled movements than human hands, which can lead to better outcomes for patients. This is because surgical robots have a wider range of motion and can filter out tremors and other human errors. Surgical robots are equipped with high-definition cameras that provide surgeons with a magnified and detailed view of the surgical field. This allows surgeons to see deeper into the body and perform procedures with greater precision. Surgical robots are used to perform minimally invasive surgery, which involves making smaller incisions than traditional open surgery. This can lead to shorter recovery times, less pain, and fewer complications for patients. AI and ML are being used to develop new surgical robots that are more intelligent and autonomous. This is allowing surgical robots to perform procedures with greater precision and autonomy, which can improve patient outcomes.
For instance, in June 2023, Apollo Hospitals, Ahmedabad, introduced the Da Vinci Xi Robotic Surgical System, marking a significant leap in surgical precision and enhanced patient care. This cutting-edge technology will empower Apollo Hospitals to elevate clinical outcomes for patients undergoing complex surgical interventions. The Da Vinci Xi Robotic system is specifically designed for intricate procedures in Oncology, Urology, Colorectal Surgery, General Surgery, Gynecology, and Gastro-Intestinal Surgery.
Segmental Outlook
The global surgical robots market is segmented on the type, end-user, and application. Based on the type, the market is sub-segmented into instrument and accessories, robotic systems, and services. Based on the end-user, the market is sub-segmented into hospitals, ambulatory surgery centers (ASCS), and others. Further, based on application the market is sub-segmented into general surgery, orthopedic surgery, urologic surgery, gynecologic surgery, cardiac surgery, otolaryngology surgery, and others.
The General Surgery Sub-Segment is Anticipated to Hold a Considerable Share of the Global Surgical Robots Market
Among the application, the general surgery sub-segment is expected to hold a considerable share of the global surgical robots market. Surgical robots have emerged as versatile tools for surgeons, enabling them to perform a diverse range of general surgery procedures, encompassing abdominal, thoracic, and pelvic surgeries. The escalating prevalence of chronic diseases such as cancer, heart disease, and diabetes has spurred a surge in demand for surgical interventions, and surgical robots are well-positioned to address this growing need. Minimally invasive surgery has gained significant traction due to its numerous advantages over traditional open surgery, including reduced recovery times and diminished pain. Surgical robots play a pivotal role in facilitating minimally invasive procedures, enhancing patient outcomes and improving overall surgical efficiency.
Regional Outlook
The global surgical robots market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe. Several leading surgical robot manufacturers are headquartered in North America. This gives North America has a competitive advantage in the surgical robots market. There is a growing number of clinical trials being conducted on the use of surgical robots in North America. This is helping to demonstrate the safety and efficacy of surgical robots.
Global Surgical Robots Market Growth, by Region 2023-2030
European Region is Expected to Grow at a Significant CAGR in the Global Surgical Robots Market
Among all regions, the European region is anticipated to grow at a considerable CAGR over the forecast period. European region's growth in the surgical robots market is attributed to a various number of factors. Several prominent surgical robot manufacturers, including Intuitive Surgical, Medtronic, and Abbott Laboratories, have their headquarters in Europe. These companies are spearheading the market's expansion through strategic investments in research and development, coupled with vigorous sales and marketing initiatives. Europe's favorable regulatory environment for the development and approval of surgical robots facilitates the introduction of innovative robotic systems. Additionally, Europe boasts a robust healthcare infrastructure that is well-equipped to adopt and utilize surgical robots, making it a compelling market for these advanced technologies.?
Market Players Outlook
The major companies serving the surgical robots market include Abbott Healthcare Pvt., Ltd., Intuitive Surgical, Inc., Johnson & Johnson Services, Inc., Medtronic Pvt., Ltd., Stryker Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance,in September 2023 CMR Surgical, raised $165 million in funding. The funds are to be used to drive continued product innovation, including new technological developments, and to support the further commercialization of the system in key existing, and new, geographies.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global surgical robotsmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Application Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Abbott Healthcare Pvt., Ltd.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Intuitive Surgical, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Johnson & Johnson Services, Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Medtronic Plc
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Stryker Corp.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Surgical Robots Market by Type
4.1.1. Instrument and Accessories
4.1.2. Robotic Systems
4.1.3. Services
4.2. Global Surgical Robots Market by End-User
4.2.1. Hospitals
4.2.2. Ambulatory Surgery Centers (ASCs)
4.2.3. Others (Clinics, Military Hospitals, and Veterinary Clinics)
4.3. Global Surgical Robots Market by Application
4.3.1. General Surgery
4.3.2. Orthopedic Surgery
4.3.3. Urologic Surgery
4.3.4. Gynecologic Surgery
4.3.5. Cardiac Surgery
4.3.6. Otolaryngology Surgery
4.3.7. Others (Neurosurgery, Pediatric surgery)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Activ Surgical Inc.
6.2. Asensus Surgical, Inc.
6.3. Brainlab AG
6.4. ClearPoint Neuro, Inc.
6.5. CMR Surgical Ltd.
6.6. Endomagnetics Ltd.
6.7. Exelcius Health Ltd.
6.8. Globus Medical Inc.
6.9. Mayo Clinic
6.10. Monteris Medical Corp.
6.11. Nanjing Perlove Medical Equipment Co., Ltd.
6.12. PROCEPT BioRobotics Corp.
6.13. Proximus Medical
6.14. Rapid Medtech Communications Ltd.
6.15. Renishaw plc
6.16. Shockwave Medical, Inc.
6.17. Siemens Healthineers Co.
6.18. Smith & Nephew plc
6.19. Synergy Health Partners, LLC
6.20. THINK Surgical, Inc.
6.21. Titan Medical Inc.
6.22. Xenex Disinfection Services LLC
6.23. Zimmer Biomet Holdings, Inc.
1. GLOBAL SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
2. GLOBAL SURGICAL ROBOTS BY INSTRUMENT AND ACCESSSORIES MARKET RESEARCH AND ANALYSIS BY REGION,2023-2030 ($ MILLION)
3. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
4. GLOBAL SURGICAL ROBOTS SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
5. GLOBAL SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2030 ($ MILLION)
6. GLOBALSURGICAL ROBOTS FOR HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
7. GLOBALSURGICAL ROBOTS FOR AMBULATORY SURGERY CENTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
8. GLOBALSURGICAL ROBOTS FOR OTHER END-USER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
9. GLOBAL SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
10. GLOBAL SURGICAL ROBOTS FOR GENERAL SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
11. GLOBAL SURGICAL ROBOTS FOR ORTHOPEDIC SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
12. GLOBAL SURGICAL ROBOTS FOR UROLOGIC SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
13. GLOBAL SURGICAL ROBOTS FOR GYNECOLOGIC SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
14. GLOBAL SURGICAL ROBOTS FOR CARDIAC SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
15. GLOBAL SURGICAL ROBOTS FOR OTOLARYNGOLOGY SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
16. GLOBAL SURGICAL ROBOTS FOR OTHER APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
17. GLOBAL SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
18. NORTH AMERICAN SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
19. NORTH AMERICAN SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
20. NORTH AMERICAN SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2030 ($ MILLION)
21. NORTH AMERICAN SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
22. EUROPEAN SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
23. EUROPEAN SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
24. EUROPEAN SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2030 ($ MILLION)
25. EUROPEAN SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
26. ASIA-PACIFICSURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
27. ASIA-PACIFICSURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
28. ASIA-PACIFICSURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2030 ($ MILLION)
29. ASIA-PACIFICSURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
30. REST OF THE WORLD SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
31. REST OF THE WORLD SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
32. REST OF THE WORLD SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2030 ($ MILLION)
33. REST OF THE WORLD SURGICAL ROBOTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
1. GLOBAL SURGICAL ROBOTS MARKET SHARE BY TYPE, 2023 VS 2030 (%)
2. GLOBAL SURGICAL ROBOTS INSTRUMENT AND ACCESSSORIES MARKET SHARE BY REGION, 2023 VS 2030 (%)
3. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET SHARE BY REGION, 2023 VS 2030 (%)
4. GLOBAL SURGICAL ROBOTIC SERVICES MARKET SHARE BY REGION, 2023 VS 2030 (%)
5. GLOBAL SURGICAL ROBOTS MARKET SHARE BY END-USER, 2023 VS 2030 (%)
6. GLOBAL SURGICAL ROBOTS FOR HOSPITALS MARKET SHARE BY REGION, 2023 VS 2030 (%)
7. GLOBAL SURGICAL ROBOTS FOR AMBULATORY SURGERY CENTERS MARKET SHARE BY REGION, 2023 VS 2030 (%)
8. GLOBAL SURGICAL ROBOTS FOR OTHERS MARKET SHARE BY REGION, 2023 VS 2030 (%)
9. GLOBAL SURGICAL ROBOTS MARKET SHARE ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
10. GLOBAL SURGICAL ROBOTS FOR GENERAL SURGERY MARKET SHARE BY REGION, 2023 VS 2030 (%)
11. GLOBAL SURGICAL ROBOTS FOR ORTHOPEDIC SURGERY MARKET SHARE BY REGION, 2023 VS 2030 (%)
12. GLOBAL SURGICAL ROBOTS FOR UROLOGIC SURGERY MARKET SHARE BY REGION, 2023 VS 2030 (%)
13. GLOBAL SURGICAL ROBOTS FOR GYNECOLOGIC SURGERY MARKET SHARE BY REGION, 2023 VS 2030 (%)
14. GLOBAL SURGICAL ROBOTS FOR CARDIAC SURGERY MARKET SHARE BY REGION, 2023 VS 2030 (%)
15. GLOBAL SURGICAL ROBOTS FOR OTOLARYNGOLOGY SURGERY MARKET SHARE BY REGION, 2023 VS 2030 (%)
16. GLOBAL SURGICAL ROBOTS FOR OTHER APPLICATION MARKET SHARE BY REGION, 2023 VS 2030 (%)
17. GLOBAL SURGICAL ROBOTS MARKET SHARE BY REGION, 2023 VS 2030 (%)
18. US SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
19. CANADA SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
20. UK SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
21. FRANCE SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
22. GERMANY SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
23. ITALY SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
24. SPAIN MULTI-FUNCTIONALRESINS MARKET SIZE, 2023-2030 ($ MILLION)
25. REST OF EUROPE SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
26. INDIA SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
27. CHINA SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
28. JAPAN SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
29. SOUTH KOREA SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
30. REST OF ASIA-PACIFIC SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
31. REST OF THE WORLD SURGICAL ROBOTS MARKET SIZE, 2023-2030 ($ MILLION)
