Global Surgical Robots Market, By Product Type (Instruments, Robotic Systems, Accessories, and Services), Brands (DA Vinci Surgical System, CyberKnife, Renaissance, ARTAS, ROSA, Others), Application (General Surgery, Urological, Gynaecological, Gastrointestinal, Radical Prostatectomy, Cardiothoracic Surgery, Colorectal Surgery, Radiotherapy, Others), End-Users (Clinic, Hospital, Ambulatory Care Centers, Others) – Industry Trends and Forecast to 2030.
Surgical Robots Market Analysis and Size
The increasing incidence of degenerative bone diseases and the growing number of hip and knee replacement surgeries are enhancing the demand for surgical robots. Major market players use this approach to develop a micromanipulator for minimally invasive neurosurgery. Additionally, the growth in the acceptance of surgical robots and the increase in funding for medical robot research are further expected to increase the growth of the surgical robot market.
Data Bridge Market Research analyses that the global surgical robots market, which was USD 4.4 billion in 2022, is expected to reach USD 16.54 billion by 2030, at a CAGR of 18% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Surgical Robots Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015 - 2020) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Product Type (Instruments, Robotic Systems, Accessories, and Services), Brands (DA Vinci Surgical System, CyberKnife, Renaissance, Artas, ROSA, Others), Application (General Surgery, Urological, Gynaecological, Gastrointestinal, Radical Prostatectomy, Cardiothoracic Surgery, Colorectal Surgery, Radiotherapy, Others), End-Users (Clinic, Hospital, Ambulatory Care Centers, Others) |
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Countries Covered |
U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Global in Global, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
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Market Opportunities |
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Market Definition
Surgical robots are computer-controlled devices for minimally invasive (MI) and laparoscopic procedures. They can perform tough surgeries by mimicking the physician's hand movements with miniature surgical devices that can fit through small incisions. Compared to traditional operations, these robots offer a faster recovery time, less post-operative discomfort, and a minimized risk of infection and scarring. These robotics has recently been used in minimally invasive surgeries.
Surgical Robots Market Dynamics
Drivers
- Rise in Regulatory Approvals for Surgical Robots
Increasing regulatory approvals for surgical robots is a factor boosting market growth. For instance, in 2019, Intuitive Surgical Inc's Ion robotic surgical system received 510(k) FDA clearance. Additionally, the growing adoption of assisted surgeries such as hysterectomies, consistent approvals from authorizations, and the consistent investments of manufacturers and R&D activities in automated robotic systems are key factors supporting market growth. Thus, this factor boosts market growth.
- Increasing Usage of Automated Robotic Instruments
The growing use of automated robotic instruments in brain surgeries is also a factor that is expected to drive the segment. As per an article published by Robotics Industries Association (RIA), robotic assistance and 5G technology were widely used to perform brain surgery in 2019. Such activities show a potential growth of neurosurgery and are anticipated to drive market growth.
Opportunities
- Increasing Strategic Initiatives by Market Players
Numerous industrial strategic initiatives by top international market players are expected to accelerate market growth in the coming years. For instance, Ethicon, a subsidiary of Johnson & Johnson, acquired Auris Health, a robotic technology platform manufacturer, in 2019. This acquisition aims to support the expansion of Ethion's digital surgery portfolio to prevent lung cancer. In addition, in 2019, Stryker corporation acquired OrthoSpace, Ltd., which has assisted in growing the company's surgical equipment portfolio. Thus, this factor boosts market growth.
- Increased Rate of Osteoarthritis
As per the Agency for Healthcare Research and Quality, over 4,50,000 hip replacement surgeries are performed annually in the U.S. As per AIHW statistics, osteoarthritis's total knee replacement rate increased by around 38% between 2005-2006 and 2017-2018. Additionally, the increasing incidence of degenerative bone diseases and the growing number of hip and knee replacement surgeries due to arthritis and osteoporosis are enhancing the market growth.
Restraints/Challenges
- Lack of Skilled Professionals
The lack of skilled professionals associated with robotic systems will impede market growth. Growing concerns about safety and integration issues will complicate the global surgical robot market. Several complications in handling the robotic systems lead to restricted use as insufficient professionals are available in every underdeveloped region. Thus, this factor impedes market growth.
This global surgical robots market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global surgical robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In February 2021, Medtronic acquired Digital Surgery, a privately held surgical AI company specializing in digital education, data analytics, and training. Medtronic hopes to strengthen its robot-assisted surgical platform and expand its robotic system portfolio by acquiring Hugo, a new robot.
Global Surgical Robots Market Scope
The global surgical robots market is segmented on the basis of product type, brands, application and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Instruments
- Robotic Systems
- Accessories and Services
Brands
- DA Vinci Surgical System
- CyberKnife
- Renaissance
- Artas
- ROSA
- Others
Application
- General Surgery
- Urological
- Gynaecological
- Gastrointestinal
- Radical Prostatectomy
- Cardiothoracic Surgery
- Colorectal Surgery
- Radiotherapy
- Others
End-Users
- Clinic
- Hospital
- Ambulatory Care Centers
- Others
Surgical Robots Market Regional Analysis/Insights
The global surgical robots market is analyzed and market size insights and trends are provided by country, product type, brands, application and end-users as referenced above.
The countries covered in the global surgical robots market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Global in Global, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the surgical robots market due to the incidence of major market players. Additionally, the constant developments in robotics will further increase the growth of the surgical robot market in the region during the forecast period. Additionally, the growing number of chronic disorders such as diabetes, cancer, and cardiovascular diseases in the U.S. is increasing the adoption of automated surgical equipment, which, in turn, is enhancing the market in this region.
Asia-Pacific is projected to observe significant growth in the surgical robots market because of the enhancements in the development of instruments. Furthermore, the increasing awareness levels regarding robotic surgeries and their benefits are further expected to boost the growth of the surgical robots market in the region in the upcoming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The Global surgical robots market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Global surgical robots market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Global surgical robots market. The data is available for historic period 2011-2021.
Competitive Landscape and Surgical Robots Market Share Analysis
The global surgical robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global surgical robots market.
Some of the major players operating in the global surgical robots market are:
- Intuitive Surgical Inc (U.S.)
- Stryker (U.S.)
- Medrobotics Corporation (U.S)
- Johnson & Johnson Private Limited (U.S.)
- Globus Medical (U.S.)
- NuVasive Inc. (U.S.)
- Smith + Nephew (U.K.)
- Titan Medical Inc (Canada)
- TransEnterix Inc (U.S.)
- University of Pittsburgh Medical Center (U.S.)
- Mazor Robotics (Israel)
- Auris Health Inc. (U.S.)
- Corindus Inc. (U.S.)
- Renishaw plc (U.K.)
- Medineering GmbH (Germany)
- Medtronic (Ireland)
- Renishaw plc. (U.K.)
- Preceyes BV (Netherlands)
- MicroSure (Netherlands)
- avateramedical GmbH (Germany)
- Siemens (Germany)
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