Renub

    Surgical Robots Market, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

    Excel: 4 Hours
    PDF: 4 Hours
    May 2023
    Pages: 200

    Surgical Robots Market Outlook

    Global Surgical Robots Market will reach US$ 16.51 Billion in 2030, according to Renub Research. 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.

    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.

    surgical-robots-market


    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.


    Renub Research 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-market-share

    Surgical Robots has been divided into 3 Products

    1.    Surgical systems
    2.    Instrument & Accessories
    3.    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 – Market breakup in 5 viewpoints

    1.    North America

    1.1    United States
    1.2    Canada

    2.    Europe

    2.1    Germany
    2.2    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    China
    3.2    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    Brazil
    4.2    Mexico
    4.3    Argentina
    4.4    Columbia
    4.5    Chile

    5.    Rest of the World
     

    End-User – Market breakup in 3 divisions

    1.    Hospitals
    2.    Ambulance Surgery Centers (ASC)
    3.    Others


    All the Companies have been covered from 3 Points

    •    Overview
    •    Recent Developments
    •    Sales Analysis


    Company Analysis

    1.    Medtronic
    2.    Intuitive Surgical
    3.    Stryker Corporation
    4.    Smith & Nephew
    5.    Zimmer Biomet
    6.    Renishawplc
    7.    Siemens Healthineers

     

    Report Details:

    Report Features Details
    Base Year 2022
    Historical Period 2018 - 2022
    Forecast Period 2023 - 2030
    Market US$ Billion
    Segment Covered Product, Application, End-User, Region
    Regions Covered North America, Europe, Asia – Pacific and Middle East & Africa
    Companies Covered Medtronic, Intuitive Surgical, Stryker Corporation, Smith & Nephew, Zimmer Biomet, Renishawplc, and Siemens Healthineers
    Customization Scope 20% Free Customization
    Post-Sale Analyst Support 1 Year (52 Weeks)
    Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request)

    1.    Introduction

    2.    Research & Methodology

    3.    Executive Summary

    4.    Market Dynamics

    4.1    Growth Drivers
    4.2    Challenges


    5.    Porter’s Five Forces

    5.1    Bargaining Power of Buyer
    5.2    Bargaining Power of Supplier
    5.3    Threat of New Entrants
    5.4    Rivalry among Existing Competitors
    5.5    Threat of Substitute Products


    6.    SWOT Analysis

    6.1    Strengths
    6.2    Weaknesses
    6.3    Opportunities
    6.4    Threats


    7.    Global Surgical Robots Market and Volume Analysis

    7.1    Market
    7.2    Volume


    8.    Market Share – Global Surgical Robot Analysis

    8.1    By Product
    8.2    By Application
    8.3    By regions
    8.4    End User


    9.    Product – Global Surgical Robots Market

    9.1    Surgical Systems
    9.2    Instrument & Accessories
    9.3    Services (Maintenance & Upgradation)


    10.    Application – Global Surgical Robots Market

    10.1    General Surgery
    10.2    Gynecological Surgery
    10.3    Urological Surgery
    10.4    Orthopedic Surgery
    10.5    Interventional Cardiology
    10.6    Neurosurgery
    10.7    Other Applications


    11.    Regions – Global Surgical Robots Market

    11.1    North America

    11.1.1    United States
    11.1.2    Canada

    11.2    Europe

    11.2.1    Germany
    11.2.2    United Kingdom
    11.2.3    France
    11.2.4    Italy
    11.2.5    Spain
    11.2.6    Belgium
    11.2.7    Sweden
    11.2.8    Switzerland
    11.2.9    Netherlands

    11.3    Asia-Pacific

    11.3.1    China
    11.3.2    Japan
    11.3.3    India
    11.3.4    Australia
    11.3.5    South Korea
    11.3.6    Thailand
    11.3.7    Indonesia
    11.3.8    Taiwan
    11.3.9    Singapore

    11.4    Latin America

    11.4.1    Brazil
    11.4.2    Mexico
    11.4.3    Argentina
    11.4.4    Columbia
    11.4.5    Chile

    11.5    Rest of the World


    12.    End User – Global Surgical Robots Market

    12.1    Hospital
    12.2    Ambulatory Surgery Centers
    12.3    Others


    13.    Merger & Acquisitions

    14.    Company Analysis

    14.1    Medtronic

    14.1.1    Overviews
    14.1.2    Resent Developments
    14.1.3    Revenue

    14.2    Intuitive Surgical

    14.2.1    Overviews
    14.2.2    Resent Developments
    14.2.3    Revenue

    14.3    Stryker Corporation

    14.3.1    Overviews
    14.3.2    Resent Developments
    14.3.3    Revenue

    14.4    Smith & Nephew

    14.4.1    Overviews
    14.4.2    Resent Developments
    14.4.3    Revenue

    14.5    Zimmer Biomet

    14.5.1    Overviews
    14.5.2    Resent Developments
    14.5.3    Revenue

    14.6    Renishawplc

    14.6.1    Overviews
    14.6.2    Resent Developments
    14.6.3    Revenue

    14.7    Siemens Healthineers

    14.7.1    Overviews
    14.7.2    Resent Developments
    14.7.3    Revenue


    List of Figures:

    Figure-01:    Global – Surgical Robots Market (Billion US$), 2018 – 2022
    Figure-02:    Global – Forecast for Surgical Robots Market (Billion US$), 2023 – 2030
    Figure-03:    Global – Surgical Robots Volume (Thousand Units), 2018 – 2022
    Figure-04:    Global – Forecast for Surgical Robots Volume (Thousand Units), 2023 – 2030
    Figure-05:    Product – Surgical Systems Market (Million US$), 2018 – 2022
    Figure-06:    Product – Forecast for Surgical Systems Market (Million US$), 2023 – 2030
    Figure-07:    Product – Instrument & Accessories Market (Million US$), 2018 – 2022
    Figure-08:    Product – Forecast for Instrument & Accessories Market (Million US$), 2023 – 2030
    Figure-09:    Product – Services (Maintenance & Up gradation) Market (Million US$), 2018 – 2022
    Figure-10:    Product – Forecast for Services (Maintenance & Up gradation) Market (Million US$), 2023 – 2030
    Figure-11:    Application – General Surgery Market (Million US$), 2018 – 2022
    Figure-12:    Application – Forecast for General Surgery Market (Million US$), 2023 – 2030
    Figure-13:    Application – Gynecological Surgery Market (Million US$), 2018 – 2022
    Figure-14:    Application – Forecast for Gynecological Surgery Market (Million US$), 2023 – 2030
    Figure-15:    Application – Urological Surgery Market (Million US$), 2018 – 2022
    Figure-16:    Application – Forecast for Urological Surgery Market (Million US$), 2023 – 2030
    Figure-17:    Application – Orthopedic Surgery Market (Million US$), 2018 – 2022
    Figure-18:    Application – Forecast for Orthopedic Surgery Market (Million US$), 2023 – 2030
    Figure-19:    Application – Interventional cardiology Market (Million US$), 2018 – 2022
    Figure-20:    Application – Forecast for Interventional cardiology Market (Million US$), 2023 – 2030
    Figure-21:    Application – Neurosurgery Market (Million US$), 2018 – 2022
    Figure-22:    Application – Forecast for Neurosurgery Market (Million US$), 2023 – 2030
    Figure-23:    Application – Other Applications Market (Million US$), 2018 – 2022
    Figure-24:    Application – Forecast for Other Applications Market (Million US$), 2023 – 2030
    Figure-25:    United States – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-26:    United States – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-27:    Canada – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-28:    Canada – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-29:    Germany – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-30:    Germany – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-31:    United Kingdom – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-32:    United Kingdom – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-33:    France – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-34:    France – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-35:    Italy – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-36:    Italy – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-37:    Spain – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-38:    Spain – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-39:    Belgium – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-40:    Belgium – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-41:    Sweden – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-42:    Sweden – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-43:    Switzerland – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-44:    Switzerland – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-45:    Netherlands – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-46:    Netherlands – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-47:    China – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-48:    China – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-49:    Japan – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-50:    Japan – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-51:    India – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-52:    India – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-53:    Australia – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-54:    Australia – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-55:    South Korea – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-56:    South Korea – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-57:    Thailand – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-58:    Thailand – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-59:    Indonesia – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-60:    Indonesia – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-61:    Taiwan – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-62:    Taiwan – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-63:    Singapore – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-64:    Singapore – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-65:    Brazil – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-66:    Brazil – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-67:    Mexico – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-68:    Mexico – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-69:    Argentina – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-70:    Argentina – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-71:    Columbia – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-72:    Columbia – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-73:    Chile – Surgical Robots Market (Million US$), 2018 – 2022
    Figure-74:    Chile – Forecast for Surgical Robots Market (Million US$), 2023 – 2030
    Figure-75:    End User – Hospital Market (Million US$), 2018 – 2022
    Figure-76:    End User – Forecast for Hospital Market (Million US$), 2023 – 2030
    Figure-77:    End User – Ambulatory Surgery Centers Market (Million US$), 2018 – 2022
    Figure-78:    End User – Forecast for Ambulatory Surgery Centers Market (Million US$), 2023 – 2030
    Figure-79:    End User – Others Market (Million US$), 2018 – 2022
    Figure-80:    End User – Forecast for Others Market (Million US$), 2023 – 2030
    Figure-81:    Medtronic – Global Revenue (Billion US$), 2018 – 2022
    Figure-82:    Medtronic – Forecast for Global Revenue (Billion US$), 2023 – 2030
    Figure-83:    Intuitive Surgical – Global Revenue (Billion US$), 2018 – 2022
    Figure-84:    Intuitive Surgical – Forecast for Global Revenue (Billion US$), 2023 – 2030
    Figure-85:    Stryker Corporation – Global Revenue (Billion US$), 2018 – 2022
    Figure-86:    Stryker Corporation – Forecast for Global Revenue (Billion US$), 2023 – 2030
    Figure-87:    Smith & Nephew – Global Revenue (Billion US$), 2018 – 2022
    Figure-88:    Smith & Nephew – Forecast for Global Revenue (Billion US$), 2023 – 2030
    Figure-89:    Zimmer Biomet – Global Revenue (Billion US$), 2018 – 2022
    Figure-90:    Zimmer Biomet – Forecast for Global Revenue (Billion US$), 2023 – 2030
    Figure-91:    Renishawplc – Global Revenue (Billion US$), 2018 – 2022
    Figure-92:    Renishawplc – Forecast for Global Revenue (Billion US$), 2023 – 2030
    Figure-93:    Siemens Healthineers – Global Revenue (Billion US$), 2018 – 2022
    Figure-94:    Siemens Healthineers – Forecast for Global Revenue (Billion US$), 2023 – 2030


    List of Tables:

    Table-01:    Global – Surgical Robots Market Share by Products (Percent), 2018 – 2022
    Table-02:    Global – Forecast for Surgical Robots Market Share by Products (Percent), 2023 – 2030
    Table-03:    Global – Surgical Robots Market Share by Application (Percent), 2018 – 2022
    Table-04:    Global – Forecast for Surgical Robots Market Share by Application (Percent), 2023 – 2030
    Table-05:    Global – Surgical Robots Market Share by Countries (Percent), 2018 – 2022
    Table-06:    Global – Forecast for Surgical Robots Market Share by Countries (Percent), 2023 – 2030
    Table-07:    Global – Surgical Robots Market Share by End User (Percent), 2018 – 2022
    Table-08:    Global – Forecast for Surgical Robots Market Share by End User (Percent), 2023 – 2030

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