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1088310

Surgical Robotics Market, By Product & Service, By Application, By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa Trend Analysis, Competitive Market Share & Forecast, 2018-2028

Published: | Blueweave Consulting & Research Private Limited | 193 Pages | Delivery time: 2-3 business days

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Surgical Robotics Market, By Product & Service, By Application, By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Published: May 31, 2022
Blueweave Consulting & Research Private Limited
Content info: 193 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

Surgical Robotics Market is Forecast to Grow at a CAGR of 18.4% until 2028

The global surgical robotics market is growing at a high CAGR because of the rising demand for surgical procedures and high shortage of professional surgeons, globally…

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global surgical robotics market was worth USD 5.8 billion in the year 2021 and is projected to grow at a CAGR of 18.40%, earning revenues of around USD 18.2 billion by the end of 2028. The growth of the global surgical robotics market is attributed to the rising demand for surgical procedures due to the increasing prevalence of various chronic diseases along with shortages of professional surgeons across the globe. Furthermore, rapid innovations and extensive research and development activities in surgical robotics are anticipated to present lucrative growth opportunities for the surgical robotics market.

Expanding Growth Potential In Emerging Economies Is Present Lucrative Growth Opportunities To The Market

The emerging economies such as China, India, Japan, South Korea, etc., are significantly investing in their healthcare sector. These countries are funding the adoption of advanced medical tools including surgical robotics, which is driving the overall market growth. Furthermore, emerging economies are also attractive destinations for medical tourism. As a result, the demand for surgical procedures is also surging here, which is anticipated to fuel the surgical robotics market in the forecast period.

Shortage of Skilled Surgeons Is Driving the Surgical Robotics Market

The huge gap between demand for surgical procedures and the availability of skilled surgeons is emerging as the major driving factor for the surgical robotics market. Gaining skills as surgeons require years of training, which consumes a lot of time. However, by deploying surgical robotics for performing procedures, the healthcare industry can address this issue. The surgical robotics manufacturers are expanding their production to meet this growing demand, which is significantly driving the overall market growth.

Surgical Robotics Market - By Application

Based on application, the surgical robotics market is segmented into general surgery, gynecological surgery, orthopedic surgery, urological surgery, neurosurgery, and other applications. The general surgery segment accounts for the largest market share. This type of surgery includes a wide range of procedures such as Ambulatory Phlebectomy, Breast Biopsy, Core, Hemorrhoids, Laparoscopic Cholecystectomy, Colon Cancer Surgery, etc. The increasing burden of surgery worldwide is prompting healthcare systems to adopt surgical robotics in general procedures, which is driving the overall market growth.

Surgical Robotics Market - Regional Insights

Geographically, the surgical robotics market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates the surgical robotics market owing to the increasing prevalence of various chronic diseases and rising private investment towards surgical robotics to advance the healthcare infrastructure. The increasing demand for minimally invasive surgeries also acts as a major driving factor for the demand for surgical robotics in this region. Following North America, Europe also covers a substantial market share.

Impact of COVID-19 on Surgical Robotics Market

The COVID-19 pandemic outbreak initially negatively impacted the growth of the surgical robotics market. This is because all the electric surgical procedures were postponed due to the high risk of virus transmission during the pandemic. Furthermore, the healthcare facilities were also focusing on handling the overwhelming number of COVID-19 patients. Due to this, the demand for surgical robotics registered a significant fall. However, the market is anticipated to flourish significantly over the forecast period as the use of surgical robotics will help in facilitating contactless medical procedures.

Competitive Landscape

The leading market players of the surgical robotics market are Intuitive Surgical, Inc., Stryker Corporation, Medtronic plc, Asensus Surgical, Medrobotics Corporation, ReWalk Robotics, Diligent Robotics, Inc., Ekso Bionics Holdings Inc., Sarcos Robotics, Barrett Technology, Smith & Nephew, Medicaroid Corporation, avateramedical Gmbh, National Scientific Instruments And Materials Corporation (CSIMC), Microsure, Corindus Vascular Robotics, OMNIlife Science, Preceyes BV, Titan Medical, and other prominent players.

The market is highly competitive and consolidated with the presence of several multinational corporations. However, robotic startup companies are also emerging and giving tough competition to established players. The companies are launching a wide range of products that are capable of performing different types of surgeries. They are also significantly investing in research and development activities. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Don't miss the business opportunity of the surgical robotics market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the surgical robotics market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the surgical robotics market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Product Code: BWC22171

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. Global Surgical Robots Market Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraints
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Technological Landscape/Recent Development
  • 4.4. Porter's Five Forces Analysis
    • 4.4.1. Bargaining Power of Suppliers
    • 4.4.2. Bargaining Power of Buyers
    • 4.4.3. Threat of New Entrants
    • 4.4.4. Threat of Substitutes
    • 4.4.5. Intensity of Rivalry

5. Global Surgical Robots Market Overview

  • 5.1. Market Size & Forecast by Value, 2018-2028
    • 5.1.1. By Value (USD Billion)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Category
      • 5.2.1.1. Instruments & Accessories
      • 5.2.1.2. Systems
      • 5.2.1.3. Services
    • 5.2.2. By Application
      • 5.2.2.1. Urological Surgery
      • 5.2.2.2. Gynecological Surgery
      • 5.2.2.3. Orthopedic Surgery
      • 5.2.2.4. Neurosurgery
      • 5.2.2.5. General Surgery
      • 5.2.2.6. Others
    • 5.2.3. By End-User
      • 5.2.3.1. Hospitals
      • 5.2.3.2. Ambulatory Surgery Center
      • 5.2.3.3. Others
    • 5.2.4. By Region
      • 5.2.4.1. North America
      • 5.2.4.2. Europe
      • 5.2.4.3. Asia-Pacific
      • 5.2.4.4. Latin America
      • 5.2.4.5. Middle-East and Africa

6. North America Surgical Robots Market

  • 6.1. Market Size & Forecast by Value, 2018-2028
    • 6.1.1. By Value (USD Billion)
  • 6.2. Market Share & Forecast
    • 6.2.1. By Category
    • 6.2.2. By Application
    • 6.2.3. By End-User
    • 6.2.4. By Country
      • 6.2.4.1. United States
      • 6.2.4.2. Canada

7. Europe Surgical Robots Market

  • 7.1. Market Size & Forecast by Value, 2018-2028
    • 7.1.1. By Value (USD Billion)
  • 7.2. Market Share & Forecast
    • 7.2.1. By Category
    • 7.2.2. By Application
    • 7.2.3. By End-User
    • 7.2.4. By Country
      • 7.2.4.1. Germany
      • 7.2.4.2. United Kingdom
      • 7.2.4.3. Italy
      • 7.2.4.4. France
      • 7.2.4.5. Spain
      • 7.2.4.6. Rest of Europe

8. Asia Pacific Surgical Robots Market

  • 8.1. Market Size & Forecast by Value, 2018-2028
    • 8.1.1. By Value (USD Billion)
  • 8.2. Market Share & Forecast
    • 8.2.1. By Category
    • 8.2.2. By Application
    • 8.2.3. By End-User
    • 8.2.4. By Country
      • 8.2.4.1. China
      • 8.2.4.2. India
      • 8.2.4.3. Japan
      • 8.2.4.4. South Korea
      • 8.2.4.5. Australia
      • 8.2.4.6. Rest of Asia Pacific

9. Latin America Surgical Robots Market

  • 9.1. Market Size & Forecast by Value, 2018-2028
    • 9.1.1. By Value (USD Billion)
  • 9.2. Market Share & Forecast
    • 9.2.1. By Category
    • 9.2.2. By Application
    • 9.2.3. By End-User
    • 9.2.4. By Country
      • 9.2.4.1. Brazil
      • 9.2.4.2. Mexico
      • 9.2.4.3. Rest of Latin America

10. Middle East & Africa Surgical Robots Market

  • 10.1. Market Size & Forecast by Value, 2018-2028
    • 10.1.1. By Value (USD Billion)
  • 10.2. Market Share & Forecast
    • 10.2.1. By Category
    • 10.2.2. By Application
    • 10.2.3. By End-User
    • 10.2.4. By Country
      • 10.2.4.1. Saudi Arabia
      • 10.2.4.2. UAE
      • 10.2.4.3. South Africa
      • 10.2.4.4. Rest of Middle East & Africa

11. Competitive Landscape

    • 11.1.1. List of Key Players and Their Offerings
    • 11.1.2. Market Share Analysis, 2021
    • 11.1.3. Competitive Benchmarking, By Operating Parameters
    • 11.1.4. Key Strategic Development (Merger, Acquisition, Partnership.)

12. Impact of COVID-19 on Surgical Robots Market Industry

13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

  • 13.1. Intuitive Surgical, Inc.
  • 13.2. Stryker Corporation
  • 13.3. Medtronic plc.
  • 13.4. Smith & Nephew plc.
  • 13.5. Zimmer Biomet
  • 13.6. Asensus Surgical US, Inc.
  • 13.7. Corindus, Inc.
  • 13.8. Renishaw plc.
  • 13.9. Avateramedical GmbH
  • 13.10. CMR Surgical Ltd.
  • 13.11. Johnson & Johnson, Inc.
  • 13.12. KUKA AG
  • 13.13. Hansen Medical, Inc.
  • 13.14. MAKO Surgical Corp.
  • 13.15. THINK Surgical, Inc.
  • 13.16. Blue Belt Technologies, Inc.
  • 13.17. Stanmore Implants Worldwide Ltd
  • 13.18. TransEnterix Surgical, Inc.
  • 13.19. Other Prominent Players

14. Key Strategic Recommendations

List of Figures

  • Figure 1 Global Surgical Robots Segmentation
  • Figure 2 Global Surgical Robots Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2021
  • Figure 4 Global Surgical Robots Market Size, By Value (USD Billion), 2018-2028
  • Figure 5 Global Surgical Robots Market Share, By Category, By Value, 2018-2028
  • Figure 6 Global Surgical Robots Market Share, By Application, By Value, 2018-2028
  • Figure 7 Global Surgical Robots Market Share, By End-User, By Value, 2018-2028
  • Figure 8 Global Surgical Robots Market Share, By Region, By Value, 2018-2028
  • Figure 9 North America Surgical Robots Market Size, By Value (USD Billion), 2018-2028
  • Figure 10 North America Surgical Robots Market Share, By Category, By Value, 2018-2028
  • Figure 11 North America Surgical Robots Market Share, By Application, By Value, 2018-2028
  • Figure 12 North America Surgical Robots Market Share, By End-User, By Value, 2018-2028
  • Figure 13 North America Surgical Robots Market Share, By Country, By Value, 2018-2028
  • Figure 14 Europe Surgical Robots Market Size, By Value (USD Billion), 2018-2028
  • Figure 15 Europe Surgical Robots Market Share, By Category, By Value, 2018-2028
  • Figure 16 Europe Surgical Robots Market Share, By Application, By Value, 2018-2028
  • Figure 17 Europe Surgical Robots Market Share, By End-User, By Value, 2018-2028
  • Figure 18 Europe Surgical Robots Market Share, By Country, By Value, 2018-2028
  • Figure 19 Asia-Pacific Surgical Robots Market Size, By Value (USD Billion), 2018-2028
  • Figure 20 Asia-Pacific Surgical Robots Market Share, By Category, By Value, 2018-2028
  • Figure 21 Asia-Pacific Surgical Robots Market Share, By Application, By Value, 2018-2028
  • Figure 22 Asia-Pacific Surgical Robots Market Share, By End-User, By Value, 2018-2028
  • Figure 23 Asia-Pacific Surgical Robots Market Share, By Country, By Value, 2018-2028
  • Figure 24 Latin America Surgical Robots Market Size, By Value (USD Billion), 2018-2028
  • Figure 25 Latin America Surgical Robots Market Share, By Category, By Value, 2018-2028
  • Figure 26 Latin America Surgical Robots Market Share, By Application, By Value, 2018-2028
  • Figure 27 Latin America Surgical Robots Market Share, By End-User, By Value, 2018-2028
  • Figure 28 Latin America Surgical Robots Market Share, By Country, By Value, 2018-2028
  • Figure 29 Middle East & Africa Surgical Robots Market Size, By Value (USD Billion), 2018-2028
  • Figure 30 Middle East & Africa Surgical Robots Market Share, By Category, By Value, 2018-2028
  • Figure 31 Middle East & Africa Surgical Robots Market Share, By Application, By Value, 2018-2028
  • Figure 32 Middle East & Africa Surgical Robots Market Share, By End-User, By Value, 2018-2028
  • Figure 33 Middle East & Africa Surgical Robots Market Share, By Country, By Value, 2018-2028

List of Tables

  • Table 1 Global Surgical Robots Market Size, By Category, By Value, 2018-2028
  • Table 2 Global Surgical Robots Market Size, By Application, By Value, 2018-2028
  • Table 3 Global Surgical Robots Market Size, By End-User, By Value, 2018-2028
  • Table 4 Global Surgical Robots Market Size, By Region, By Value, 2018-2028
  • Table 5 North America Surgical Robots Market Size, By Category, By Value, 2018-2028
  • Table 6 North America Surgical Robots Market Size, By Application, By Value, 2018-2028
  • Table 7 North America Surgical Robots Market Size, By End-User, By Value, 2018-2028
  • Table 8 North America Surgical Robots Market Size, By Country, By Value, 2018-2028
  • Table 9 Europe Surgical Robots Market Size, By Category, By Value, 2018-2028
  • Table 10 Europe Surgical Robots Market Size, By Application, By Value, 2018-2028
  • Table 11 Europe Surgical Robots Market Size, By End-User, By Value, 2018-2028
  • Table 12 Europe Surgical Robots Market Size, By Country, By Value, 2018-2028
  • Table 13 Asia-Pacific Surgical Robots Market Size, By Category, By Value, 2018-2028
  • Table 14 Asia-Pacific Surgical Robots Market Size, By Application, By Value, 2018-2028
  • Table 15 Asia-Pacific Surgical Robots Market Size, By End-User, By Value, 2018-2028
  • Table 16 Asia-Pacific Surgical Robots Market Size, By Country, By Value, 2018-2028
  • Table 17 Latin America Surgical Robots Market Size, By Category, By Value, 2018-2028
  • Table 18 Latin America Surgical Robots Market Size, By Application, By Value, 2018-2028
  • Table 19 Latin America Surgical Robots Market Size, By End-User, By Value, 2018-2028
  • Table 20 Latin America Surgical Robots Market Size, By Country, By Value, 2018-2028
  • Table 21 Middle East & Africa Surgical Robots Market Size, By Category, By Value, 2018-2028
  • Table 22 Middle East & Africa Surgical Robots Market Size, By Application, By Value, 2018-2028
  • Table 23 Middle East & Africa Surgical Robots Market Size, By End-User, By Value, 2018-2028
  • Table 24 Middle East & Africa Surgical Robots Market Size, By Country, By Value, 2018-2028
  • Table 25 Intuitive Surgical Company Overview
  • Table 26 Intuitive Surgical Financial Overview
  • Table 27 Stryker Corporation Company Overview
  • Table 28 Stryker Corporation Financial Overview
  • Table 29 Medtronic Company Overview
  • Table 30 Medtronic Financial Overview
  • Table 31 Smith & Nephew plc. Company Overview
  • Table 32 Smith & Nephew plc. Financial Overview
  • Table 33 Zimmer Biomet Company Overview
  • Table 34 Zimmer Biomet Financial Overview
  • Table 35 Asensus Surgical US, Inc. Company Overview
  • Table 36 Asensus Surgical US, Inc. Financial Overview
  • Table 37 Corindus, Inc. Company Overview
  • Table 38 Corindus, Inc. Financial Overview
  • Table 39 Renishaw plc. Company Overview
  • Table 40 Renishaw plc. Financial Overview
  • Table 41 Avateramedical GmbH Company Overview
  • Table 42 Avateramedical GmbH Financial Overview
  • Table 43 CMR Surgical Ltd. Company Overview
  • Table 44 CMR Surgical Ltd. Financial Overview
  • Table 45 Johnson & Johnson, Inc. Company Overview
  • Table 46 Johnson & Johnson, Inc. Financial Overview
  • Table 47 KUKA AG Company Overview
  • Table 48 KUKA AG Financial Overview
  • Table 49 Hansen Medical, Inc. Company Overview
  • Table 50 Hansen Medical, Inc. Financial Overview
  • Table 51 MAKO Surgical Corp. Company Overview
  • Table 52 MAKO Surgical Corp. Financial Overview
  • Table 53 THINK Surgical, Inc. Company Overview
  • Table 54 THINK Surgical, Inc. Financial Overview
  • Table 55 Blue Belt Technologies, Inc. Company Overview
  • Table 56 Blue Belt Technologies, Inc. Financial Overview
  • Table 57 Stanmore Implants Worldwide Ltd Company Overview
  • Table 58 Stanmore Implants Worldwide Ltd Financial Overview
  • Table 59 TransEnterix Surgical, Inc. Company Overview
  • Table 60 TransEnterix Surgical, Inc. Financial Overview