PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515390
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515390
Asia Pacific Surgical Robotics Market, By Product and Service, By Application, By End-User, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific Surgical Robotics Market was valued at USD 1,955.45 million in 2023, expanding at a CAGR of 13.5% from 2024 to 2032.
Robotic surgery involves the utilization of a robotic device by the surgeon to perform the procedure. The device has a robotic arm capable of holding small surgical instruments. The surgeon controls the robotic arm through controllers and a viewing screen. It is important to note that robotic surgery does not substitute the role of the surgeon but rather serves as one of the various methods they employ. Healthcare providers opt for robotic surgery as an approach for minimally invasive procedures. Presently, robot-assisted surgery boasts an overall success rate ranging from 94% to 100%. However, individual success rates are contingent upon the specific procedure required, the patient's overall health, and other relevant factors.
Asia Pacific Surgical Robotics Market- Market Dynamics
O The increasing prevalence of chronic illnesses, the rapid growth of the elderly population, and the rising popularity of minimally invasive surgeries (MIS) are anticipated to fuel market expansion.
The ageing population in the Asia Pacific region is leading to an increased need for various surgical procedures, particularly in the fields of orthopedics, urology, and cardiovascular health. Elderly patients often require minimally invasive options to reduce recovery times and surgical risks. The growing preference for minimally invasive surgery among patients and surgeons is driving the demand for surgical robots. According to statistics from Wind Info, China's surgical robot market was estimated to be worth 12 billion yuan (USD 1.67 billion) by 2023. By 2026, the market is forecast to reach a total of 30 billion yuan, with a compound annual growth rate of 42.61 percent. Additionally, increased investments in healthcare infrastructure, particularly in emerging economies, are creating opportunities for the expansion of surgical robotics. However, the high initial costs may restrict market growth.
Asia Pacific Surgical Robotics Market- Key Insights
v As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 13.5% over the forecast period (2024-2032)
v Based on Product and Service segmentation, Instruments & Accessories was predicted to show maximum market share in the year 2023
v Based on Application segmentation, General Surgery was the leading type in 2023
v Based on End-User segmentation, Hospitals was the leading type in 2023
v Based on countries, China was the leading revenue generator in 2023
Asia Pacific Surgical Robotics Market- Segmentation Analysis:
The Asia Pacific Surgical Robotics Market is segmented based on Product and Service, Application, End-User, and Country.
The market is segmented into three categories according to Product and Service: Robotic Systems, Instruments & Accessories, and Services. Instruments & Accessories lead the market. This segment plays a vital role in the surgical robotics market by offering necessary tools that improve the performance and accuracy of robotic systems.
The market is segmented into five categories according to Application: Gynecological Surgery, Urological Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, and Others. General Surgery leads the market. General surgery covers a broad spectrum of surgical procedures, with robotic systems playing an increasingly important role in enhancing precision, shortening recovery times, and improving patient outcomes.
The market is segmented into two groups according to End-User: Hospitals, Ambulatory Surgery Centers, and Others. The Hospitals segment holds the largest share of the market. Hospitals are essential in this industry as they are the main buyers and operators of surgical robotic systems, improving the accuracy, safety, and results of different surgical procedures.
Asia Pacific Surgical Robotics Market- Geographical Insights
The examination of the Asia Pacific Surgical Robotics market encompasses nations such as India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, in addition to the remaining countries in the Asia Pacific (APAC) region. China leads the way in the Surgical Robotics market, primarily driven by the increasing adoption of surgical robots and technological advancements. China is actively investing in research and development to enhance and revolutionize surgical robotic systems.
Asia Pacific Surgical Robotics Market- Competitive Landscape:
The competitive landscape of the Asia Pacific Surgical Robotics Market is becoming more intense as companies aim to strengthen their market position and address the growing demand for robotic-assisted surgeries. Significant investments in research and development are being allocated to develop advanced robotic systems that provide enhanced precision, flexibility, and ease of use. Companies are striving for competitive advantages by integrating AI, enhancing imaging technologies, and incorporating haptic feedback into their products. A key strategy for manufacturers is to expand into new markets within the Asia Pacific region, with an emphasis on establishing local manufacturing facilities and distribution networks to cater to the needs of the region.
Recent Developments:
v In June 2024, Zimmer Biomet Holdings, Inc. entered into a limited distribution agreement with THINK Surgical, Inc. for its wireless, handheld, TMINI Miniature Robotic System for total knee arthroplasty. This exclusive offering will integrate Zimmer Biomet technology into a customized TMINI robotic solution.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC SURGICAL ROBOTICS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
O Stryker Corporation
O Intuitive Surgical, Inc.
O Mazor Robotics
O THINK Surgical Inc.
O Smith & Nephew Plc. (Blue Belt Technologies, Inc.)
O CMR Surgical Ltd.
O Zimmer Biomet Holdings Inc.
O Medtronic Plc
O Renishaw Plc
O Others
ASIA PACIFIC SURGICAL ROBOTICS MARKET, BY PRODUCT AND SERVICE - MARKET ANALYSIS, 2019 - 2032
O Robotic Systems
O Instruments & Accessories
O Services
ASIA PACIFIC SURGICAL ROBOTICS MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
O Gynecological Surgery
O Urological Surgery
O Neurosurgery
O Orthopedic Surgery
O General Surgery
O Other
ASIA PACIFIC SURGICAL ROBOTICS MARKET, BY END-USER - MARKET ANALYSIS, 2019 - 2032
O Hospitals
O Ambulatory Surgery Centers
O Other
ASIA PACIFIC SURGICAL ROBOTICS MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
O India
O China
O South Korea
O Japan
O Australia
O Thailand
O Indonesia
O Philippines
O Rest of APAC
Table of Contents
1. Asia Pacific Surgical Robotics Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Asia Pacific Surgical Robotics Market Snippet by Product and Service
- 2.1.2. Asia Pacific Surgical Robotics Market Snippet by Application
- 2.1.3. Asia Pacific Surgical Robotics Market Snippet by End-User
- 2.1.4. Asia Pacific Surgical Robotics Market Snippet by Country
- 2.2. Competitive Insights
3. Asia Pacific Surgical Robotics Key Market Trends
- 3.1. Asia Pacific Surgical Robotics Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Asia Pacific Surgical Robotics Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Asia Pacific Surgical Robotics Market Opportunities
- 3.4. Asia Pacific Surgical Robotics Market Future Trends
4. Asia Pacific Surgical Robotics Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Asia Pacific Surgical Robotics Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Asia Pacific Surgical Robotics Market Landscape
- 6.1. Asia Pacific Surgical Robotics Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Asia Pacific Surgical Robotics Market - By Product and Service
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product and Service, 2023 & 2032 (%)
- 7.1.2. Robotic Systems
- 7.1.3. Instruments & Accessories
- 7.1.4. Services
8. Asia Pacific Surgical Robotics Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
- 8.1.2. Gynecological Surgery
- 8.1.3. Urological Surgery
- 8.1.4. Neurosurgery
- 8.1.5. Orthopedic Surgery
- 8.1.6. General Surgery
- 8.1.7. Other
9. Asia Pacific Surgical Robotics Market - By End-User
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By End-User, 2023 & 2032 (%)
- 9.1.2. Hospitals
- 9.1.3. Ambulatory Surgery Centers
- 9.1.4. Other
10. Asia Pacific Surgical Robotics Market- By Geography
- 10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 10.2. Asia Pacific (APAC)
- 10.2.1. Overview
- 10.2.2. Asia Pacific Surgical Robotics Key Manufacturers in Asia Pacific
- 10.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.2.4. Asia Pacific Market Size and Forecast, By Product and Service, 2019 - 2032 (US$ Million)
- 10.2.5. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.6. Asia Pacific Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.7. India
- 10.2.7.1. Overview
- 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.7.3. India Market Size and Forecast, By Product and Service, 2019 - 2032 (US$ Million)
- 10.2.7.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.7.5. India Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.8. China
- 10.2.8.1. Overview
- 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.8.3. China Market Size and Forecast, By Product and Service, 2019 - 2032 (US$ Million)
- 10.2.8.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.8.5. China Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.9. Japan
- 10.2.9.1. Overview
- 10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.9.3. Japan Market Size and Forecast, By Product and Service, 2019 - 2032 (US$ Million)
- 10.2.9.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.9.5. Japan Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.10. South Korea
- 10.2.10.1. Overview
- 10.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.10.3. South Korea Market Size and Forecast, By Product and Service, 2019 - 2032 (US$ Million)
- 10.2.10.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.10.5. South Korea Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.11. Australia
- 10.2.11.1. Overview
- 10.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.11.3. Australia Market Size and Forecast, By Product and Service, 2019 - 2032 (US$ Million)
- 10.2.11.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.11.5. Australia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.12. Thailand
- 10.2.12.1. Overview
- 10.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.12.3. Thailand Market Size and Forecast, By Product and Service, 2019 - 2032 (US$ Million)
- 10.2.12.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.12.5. Thailand Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.13. Indonesia
- 10.2.13.1. Overview
- 10.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.13.3. Indonesia Market Size and Forecast, By Product and Service, 2019 - 2032 (US$ Million)
- 10.2.13.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.13.5. Indonesia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.14. Philippines
- 10.2.14.1. Overview
- 10.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.14.3. Philippines Market Size and Forecast, By Product and Service, 2019 - 2032 (US$ Million)
- 10.2.14.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.14.5. Philippines Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.15. Rest of APAC
- 10.2.15.1. Overview
- 10.2.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.15.3. Rest of APAC Market Size and Forecast, By Product and Service, 2019 - 2032 (US$ Million)
- 10.2.15.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.15.5. Rest of APAC Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
11. Key Vendor Analysis- Asia Pacific Surgical Robotics Industry
- 11.1. Competitive Dashboard
- 11.2. Company Profiles
- 11.2.1. Stryker Corporation
- 11.2.2. Intuitive Surgical, Inc.
- 11.2.3. Mazor Robotics
- 11.2.4. THINK Surgical Inc.
- 11.2.5. Smith & Nephew Plc. (Blue Belt Technologies, Inc.)
- 11.2.6. CMR Surgical Ltd.
- 11.2.7. Zimmer Biomet Holdings Inc.
- 11.2.8. Medtronic Plc
- 11.2.9. Renishaw Plc
- 11.2.10. Others
12. 360 Degree Analyst View
13. Appendix
- 13.1. Research Methodology
- 13.2. References
- 13.3. Abbreviations
- 13.4. Disclaimer
- 13.5. Contact Us
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Asia Pacific Surgical Robotics Market: Product and Service Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Product and Service
- TABLE Asia Pacific Surgical Robotics Market, by Product and Service 2019-2032 (USD Million)
- TABLE Asia Pacific Surgical Robotics Market: Application Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Application
- TABLE Asia Pacific Surgical Robotics Market, by Application 2019-2032 (USD Million)
- TABLE Asia Pacific Surgical Robotics Market: End-User Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by End-User
- TABLE Asia Pacific Surgical Robotics Market, by End-User 2019-2032 (USD Million)
- TABLE Asia Pacific Asia Pacific Surgical Robotics Market, by Country, 2019-2032 (USD Million)
List of Figures
- FIGURE Asia Pacific Surgical Robotics Market Segmentation
- FIGURE Market research methodology
- FIGURE Value chain analysis
- FIGURE Porter's Five Forces Analysis
- FIGURE Market Attractiveness Analysis
- FIGURE COVID-19 Impact Analysis
- FIGURE Pre & Post COVID-19 Impact Comparision Study
- FIGURE Competitive Landscape; Key company market share analysis, 2023
- FIGURE Product and Service segment market share analysis, 2023 & 2032
- FIGURE Product and Service segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Application segment market share analysis, 2023 & 2032
- FIGURE Application segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE End-User segment market share analysis, 2023 & 2032
- FIGURE End-User segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Asia Pacific Asia Pacific Surgical Robotics Market share and leading players, 2023
- FIGURE Asia Pacific Asia Pacific Surgical Robotics Market share analysis by country, 2023
- FIGURE India Asia Pacific Surgical Robotics Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE China Asia Pacific Surgical Robotics Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Japan Asia Pacific Surgical Robotics Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE South Korea Asia Pacific Surgical Robotics Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Australia Asia Pacific Surgical Robotics Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Thailand Asia Pacific Surgical Robotics Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Indonesia Asia Pacific Surgical Robotics Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Philippines Asia Pacific Surgical Robotics Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Rest of APAC Asia Pacific Surgical Robotics Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
