Surgical Robots Market - By Component, By Application, By End-user & Forecast, 2023

Description

List of Tables

Surgical Robots Market will grow notably during 2023-2032 owing to the rising adoption of surgical robots in the healthcare sector. With the technology gradually evolving, the demand for surgical robots is slated to grow tremendously. Increasing robotic surgeries opted by healthcare professionals as well as by patients, regardless of any fear, will positively influence the market growth. As per credible reports, more than 870,000 robotic surgeries were performed in 2020 in the United States.

Overall, the surgical robot industry is segmented in terms of component, application, end-use and region.

Based on components, the robot systems segment is likely to account for considerable gains through 2032. The substantial revenue share can be credited to the rising demand for minimally invasive surgical procedures. These systems hold the capability of performing critical procedures with utmost precision. High accuracy, low risk of postoperative complications, low errors, and lesser recovery time are some of the key benefits slated to increase the adoption of this technology in the coming years.

By application, the urologic surgery segment will grow at more than USD 4.5 billion in 2032. Significantly rising demand for robotic urologic surgeries, especially in regions such as Europe and Asia Pacific, will help the segment to grow. The increasing number of patients suffering from urological disorders will fuel the product adoption rate.

Considering the end-use, the hospitals segment is anticipated to demonstrate robust growth during 2023-2032. The increasing number of surgical procedures, along with a large number of inpatient visits, will serve as a key factor driving the market growth. Besides, the availability of skilled personnel and state-of-the-art hospital infrastructure in a hospital setting will push the business expansion.

Geographically, the Europe surgical robot industry was valued at over USD 1.2 billion in 2022. The region is estimated to record healthy growth owing to the budding number of surgical procedures coupled with the increasing adoption of robotically assisted surgeries in the region. The European Association of Urology and other organizations have launched several activities contributing to the market growth. Additionally, a rise in surgical treatments such as hernia operations, complete knee replacements, hip replacements, and cataract operations is expected to fuel market expansion in Europe.

Product Code: 3122

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definitions
1.3 Base estimates & working
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Surgical robots industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Component trends
- 2.1.3 Application trends
- 2.1.4 End-use trends
- 2.1.5 Regional trends

Chapter 3 Surgical Robots Industry Insights

3.1 Industry landscape, 2018 - 2032 (USD Million)
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing technological advancements in surgical robots in developed countries
  - 3.2.1.2 Increasing adoption of surgical robots
  - 3.2.1.3 Rising number of surgical procedures
  - 3.2.1.4 Growing healthcare expenditures in emerging countries
  - 3.2.1.5 Lack of clarity in regulatory norms is proving to be favorable for the sale of surgical robots
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Excessive cost of surgical robots
  - 3.2.2.2 Low affordability in underdeveloped regions
3.3 Growth potential analysis
- 3.3.1 By component
- 3.3.2 By application
- 3.3.3 By end-use
3.4 COVID-19 impact analysis
3.5 Brand analysis
3.6 Technology landscape
3.7 Sales model analysis
3.8 Development timeline of surgical robots
3.9 Regulatory landscape
3.10 Reimbursement scenario
3.11 Future market trends
3.12 Gap analysis
3.13 Value-chain analysis
3.14 Porter's analysis
3.15 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Company market share analysis, 2022
- 4.3.1 Global
- 4.3.2 North America
- 4.3.3 Europe
- 4.3.4 Asia Pacific
- 4.3.5 Latin America
- 4.3.6 MEA
4.4 Strategy dashboard, 2022

Chapter 5 Surgical Robots Market, By Component

5.1 Key component trends
5.2 Robot systems
- 5.2.1 Market estimates and forecasts, 2018 - 2032 (USD Million)
5.3 Instruments and accessories
- 5.3.1 Market estimates and forecasts, 2018 - 2032 (USD Million)

Chapter 6 Surgical Robots Market, By Application

6.1 Key application trends
6.2 Orthopedic surgery
- 6.2.1 Market estimates and forecasts, 2018 - 2032 (USD Million)
6.3 Neurosurgery
- 6.3.1 Market estimates and forecasts, 2018 - 2032 (USD Million)
6.4 General surgery
- 6.4.1 Market estimates and forecasts, 2018 - 2032 (USD Million)
6.5 Gynecology surgery
- 6.5.1 Market estimates and forecasts, 2018 - 2032 (USD Million)
6.6 Urologic surgery
- 6.6.1 Market estimates and forecasts, 2018 - 2032 (USD Million)
6.7 Others
- 6.7.1 Market estimates and forecasts, 2018 - 2032 (USD Million)

Chapter 7 Surgical Robots Market, By End-use

7.1 Key end-use trends
7.2 Hospitals
- 7.2.1 Market estimates and forecasts, 2018 - 2032 (USD Million)
7.3 Ambulatory surgical centers (ASCs)
- 7.3.1 Market estimates and forecasts, 2018 - 2032 (USD Million)

Chapter 8 Surgical Robots Market, By Region

8.1 Key regional trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Belgium
- 8.3.7 Sweden
- 8.3.8 Switzerland
- 8.3.9 Netherlands
- 8.3.10 Czech Republic
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Thailand
- 8.4.7 Indonesia
- 8.4.8 Taiwan
- 8.4.9 Singapore
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Columbia
- 8.5.5 Chile
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Israel
- 8.6.5 Turkey
- 8.6.6 Qatar

Chapter 9 Company Profiles

9.1 Stryker Corporation
9.2 Medtronic plc
9.3 Smith & Nephew
9.4 Intuitive Surgical
9.5 ACCURAY Inc.
9.6 Zimmer Biomet
9.7 Renishaw plc.
9.8 Globus Medical Inc.
9.9 Johnson & Johnson
9.10 Corindus Vascular Robotics
9.11 Aethon
9.12 Omnicell Inc.
9.13 ARXIUM
9.14 TransEnterix Inc.
9.15 Meerecompany
9.16 Olympus Corporation