Global Surgical Robotics and Navigation Market, By Type (Neurosurgery Navigation, Spinal Surgical Navigation, ENT Surgical Navigation, Orthopaedic Surgical Navigation, Robotic-Assisted Spinal Surgery Systems, Robotic-Assisted Neurosurgery Systems, Robotic Radiosurgery Systems, Others), End Use (Hospitals, Ambulatory Surgical Centres, Others), Application (Child, Adults, Old Aged), – Industry Trends and Forecast to 2029
Surgical Robotics and Navigation Market Analysis and Size
the advent of surgical robots and navigation in recent years, doctors may now plan the surgical process in advance and carry it out with greater accuracy. Procedures can be customised to each patient's specific anatomy thanks to technology. Even though the actual surgery must be done by the doctor, the surgical robotics and navigation system directs the surgeon's instruments in accordance with a specified manner to place the implants precisely where they are intended to be, safely. Robots are used to imitate these movements, giving the surgeon complete control over the procedure while working from a distance.
Data Bridge Market Research analyses that the surgical robotics and navigation market was valued at USD 2.85 billion in 2021 and is expected reach an estimated value of 5.01 billion by the end of the forecast period at a CAGR of 7.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Surgical Robotics and Navigation Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Neurosurgery Navigation, Spinal Surgical Navigation, ENT Surgical Navigation, Orthopaedic Surgical Navigation, Robotic-Assisted Spinal Surgery Systems, Robotic-Assisted Neurosurgery Systems, Robotic Radiosurgery Systems, Others), End Use (Hospitals, Ambulatory Surgical Centres, Others), Application (Child, Adults, Old Aged) |
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Countries Covered |
U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA) |
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Market Players Covered |
Smith & Nephew (U.K.), Braun Melsungen AG (Germany), Ethicon US, LLC. (U.S.), Erbe Elektromedizin GmbH (Germany), COVIDIEN (U.S.), CONMED Corporation (U.S.), MEDICON (U.S.), Integra LifeSciences (U.S.), Synergetics Inc. (U.S.), Stryker (U.S.), KARL STORZ & Co. (U.S.), KLS Martin Group (Germany) |
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Opportunities |
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Market Definition
Surgical robots are computer-controlled machines used to perform minimally invasive (MI) and laparoscopic procedures. These robots are equipped with a magnifying high-definition 3-D camera at the tip of the robotic arm, which provides an accurate representation of the body parts. They mimic surgeons' hand movements and can perform complex procedures with miniaturised surgical instruments that can fit through small incisions. When compared to traditional surgeries, these robots provide faster recovery, less post-operative discomfort, and lower risks of infection and scarring.
Surgical Robotics and Navigation Market Dynamics
Drivers
- The growing preference of minimal invasive surgeries
The global surgical robotics and navigation market is being driven by the rising popularity of minimally invasive surgery (MIS), which is favoured for remote treatments. This is because, in comparison to standard surgeries, minimally invasive techniques are less painful because there is less bleeding and less cutting. Robotic assistance is possible for MIS, even from far-off sites. The market for surgical robotics and navigation is being driven ahead by this factor.
- The rise in the adoption of robotic health technology
Increasing adoption of robotic technology, rising awareness of the advantages of minimally invasive surgery, an increase in the number of surgical procedures, and hospitals' growing purchasing power are some of the factors expected to propel the growth of the surgical robotics and navigation market over the coming years. On the other hand, growing demand from developing nations will open up a wealth of new potential for the expansion of the spine surgery robots market over the course of the projected year.
Opportunities
Ambulatory surgery centres (ASCs) are independent hospitals that specialise in performing surgical, diagnostic, and preventative operations without the need for inpatient care. Because these facilities offer a less expensive site of care than hospital outpatient departments, ASCs are cost-effective, saving governments, third-party payers, and patients money.
Restraints/Challenges
On the other hand, the rising cost of medical robots, as well as the scarcity of skilled and trained professionals, will act as a market restraint for the growth of the Surgical Robotics and Navigation market during the forecast period.
This surgical robotics and navigation 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 surgical robotics and navigation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Surgical Robotics and Navigation Market
As a result of the COVID-19 pandemic, there will be a significant decrease in surgical robotics and navigation adoption in 2020 compared to 2019. This can be attributed to a decrease in surgical procedures as well as a labour shortage in manufacturing facilities. Furthermore, lockdowns and shutdowns in major markets around the world have had a negative impact on the supply chain, limiting the manufacturing of Surgical Robotics and Navigation in 2020.
Recent Development
- In 2021, Stryker acquired OrthoSensor and its Verasense intraoperative sensor technology and launch advanced form of ortho giant's Mako robots.
- In 2021, TransEnterix received CE Mark approval for its Intelligent Surgical Unit, which has AI-based capabilities and enables machine vision capabilities on TransEnterix's Senhance robotic surgery system.
Global Surgical Robotics and Navigation Market Scope
The surgical robotics and navigation market is segmented on the basis of type, application and end user. 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.
Type
- Neurosurgery navigation
- Spinal surgical navigation
- Ent surgical navigation
- Orthopedic surgical navigation
- Robotic-assisted spinal surgery systems
- Robotic-assisted neurosurgery systems
- Robotic radiosurgery systems
- Others
On the basis of type, the surgical robotics and navigation market is segmented into neurosurgery navigation, spinal surgical navigation, ENT surgical navigation, orthopedic surgical navigation, robotic-assisted spinal surgery systems, robotic-assisted neurosurgery systems, robotic radiosurgery systems, and others.
Application
- child
- adults
- old age
On the basis of application, the surgical robotics and navigation market is bifurcated into child, adults and old aged.
End User
- Hospitals
- Clinics
- ambulatory surgical centers
On the basis of level of interoperability, the surgical robotics and navigation market is segmented into hospitals, ambulatory surgical centers and clinics
Surgical Robotics and Navigation Market Regional Analysis/Insights
The surgical robotics and navigation market is analysed and market size insights and trends are provided by country type, application and end user as referenced above.
The countries covered in the surgical robotics and navigation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, 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 is expected to dominate the global surgical robotics and navigation market due to increased patient acceptance of remote surgeries, advanced health care infrastructure, and increased research and development investments. The rising prevalence of chronic diseases, particularly orthopaedic and neurological disorders treated with advanced MIS surgery, is propelling market growth in North America.
Asia-Pacific is expected to be a major market for remote surgical equipment after North America due to the rapid development of robotic surgical systems and increased demand for surgical robots in countries such as China and India. Because of an ageing population and a strong focus on health care and manufacturing expertise, the Asia Pacific remote surgical equipment market is expected to grow.
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 surgical robotics and navigation 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 surgical robotics and navigation market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Surgical Robotics and Navigation market. The data is available for historic period 2010-2020.
Competitive Landscape and Surgical Robotics and Navigation Market Share Analysis
The surgical robotics and navigation 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 surgical robotics and navigation market.
Some of the major players operating in the surgical robotics and navigation market are
- Smith & Nephew (U.K.)
- Braun Melsungen AG (Germany)
- Ethicon US, LLC. (U.S.)
- Erbe Elektromedizin GmbH (Germany)
- COVIDIEN (U.S.)
- CONMED Corporation (U.S.)
- MEDICON (U.S.)
- Integra LifeSciences (U.S.)
- Synergetics Inc. (U.S.)
- Stryker (U.S.)
- KARL STORZ & Co. (U.S.)
- KLS Martin Group (Germany)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
