Global Surgical Robotics Market Forecast 2024-2032

The global surgical robotics market is estimated to project a CAGR of 9.29% during the forecast period, 2024-2032. The growing geriatric population, the integration of AI-ML in robotic surgery systems, and the rising deployment of robotics in healthcare are among the key growth drivers.

MARKET INSIGHTS

Incorporating robots into surgical care is becoming an efficient tool in combating pathogen contamination and maintaining surgical volumes. They offer benefits like a shorter hospital stay, swift recovery, and reduced operative time. Several robotic surgical systems like Versius Surgical System are impacting robotic surgeries.

Robots are increasingly deployed in the healthcare industry, given their technological capabilities and reduced costs. The rising adoption of 5G networks and artificial intelligence solutions has offered growth opportunities for healthcare agencies. Several major manufacturers are prioritizing R&D efforts for robotic surgical systems. For instance, Anybots develops remote-controlled medical robots that interact with their patients and keep track of their living conditions. Such factors drive global market growth. However, the lack of training in robotic surgeries, safety & security, and surgical robots' high cost restrain the market growth.

REGIONAL INSIGHTS

The global surgical robotics market is regionally segmented into North America, Asia-Pacific, Europe, and Rest of World for growth assessment. Asia-Pacific is projected to record the highest CAGR, attributed to the increasing use of robotic healthcare products and technological advancements in robotics.

COMPETITIVE INSIGHTS

Many well-established companies are acquiring smaller companies to expand their product portfolio. Some of the prominent companies in the market include Stryker Corporation, Asensus Surgical Inc, Intuitive Surgical Inc, Medtronic PLC, Zimmer Biomet Holdings Inc, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 84118

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
- 2.4.1. IMPACT OF COVID-19 ON SURGICAL ROBOTICS MARKET
2.5. MAJOR MARKET FINDINGS
- 2.5.1. SIGNIFICANT TRANSFORMATION DUE TO AUTOMATED MICROSURGERY
- 2.5.2. TECHNOLOGICAL ADVANCEMENTS IN MINIMALLY INVASIVE SURGERIES
- 2.5.3. ROBOTIC TELESURGERY IS BECOMING FEASIBLE

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. SURGING ELDERLY POPULATION
- 3.1.2. INTEGRATION OF AI-ML IN ROBOTIC SURGERY SYSTEMS
- 3.1.3. DEPLOYMENT OF ROBOTICS IN HEALTHCARE
3.2. KEY RESTRAINTS
- 3.2.1. POTENTIAL HAZARDS ASSOCIATED WITH ROBOTIC SURGERY
- 3.2.2. HIGH INSTALLATION COSTS OF ROBOTIC SURGERY SYSTEMS
- 3.2.3. LACK OF TRAINED PROFESSIONALS

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
- 4.1.1. APPLICATIONS OF ARTIFICIAL INTELLIGENCE (AI)
- 4.1.2. BIG DATA USE AUGMENTS THE DECISION-MAKING CAPABILITIES
- 4.1.3. MINIATURE ROBOTS ENHANCE ACCURACY AND REDUCE INVASIVENESS
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
- 4.3.1. GROWTH PROSPECT MAPPING FOR UNITED STATES
- 4.3.2. GROWTH PROSPECT MAPPING FOR GERMANY
- 4.3.3. GROWTH PROSPECT MAPPING FOR JAPAN
- 4.3.4. GROWTH PROSPECT MAPPING FOR LATIN AMERICA
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS

5. MARKET BY PRODUCT & SERVICE

5.1. ROBOTIC SYSTEMS
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. INSTRUMENTS & ACCESSORIES
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENT ANALYSIS
5.3. SERVICES
- 5.3.1. MARKET FORECAST FIGURE
- 5.3.2. SEGMENT ANALYSIS

6. MARKET BY APPLICATION

6.1. GYNECOLOGICAL SURGERY
- 6.1.1. MARKET FORECAST FIGURE
- 6.1.2. SEGMENT ANALYSIS
6.2. UROLOGICAL SURGERY
- 6.2.1. MARKET FORECAST FIGURE
- 6.2.2. SEGMENT ANALYSIS
6.3. NEUROSURGERY
- 6.3.1. MARKET FORECAST FIGURE
- 6.3.2. SEGMENT ANALYSIS
6.4. ORTHOPEDIC SURGERY
- 6.4.1. MARKET FORECAST FIGURE
- 6.4.2. SEGMENT ANALYSIS
6.5. GENERAL SURGERY
- 6.5.1. MARKET FORECAST FIGURE
- 6.5.2. SEGMENT ANALYSIS
6.6. OTHER APPLICATIONS
- 6.6.1. MARKET FORECAST FIGURE
- 6.6.2. SEGMENT ANALYSIS

7. MARKET BY END-USER

7.1. HOSPITALS
- 7.1.1. MARKET FORECAST FIGURE
- 7.1.2. SEGMENT ANALYSIS
7.2. AMBULATORY SURGERY CENTERS
- 7.2.1. MARKET FORECAST FIGURE
- 7.2.2. SEGMENT ANALYSIS
7.3. OTHER END-USERS
- 7.3.1. MARKET FORECAST FIGURE
- 7.3.2. SEGMENT ANALYSIS

8. GEOGRAPHICAL ANALYSIS

8.1. NORTH AMERICA
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. NORTH AMERICA SURGICAL ROBOTICS MARKET DRIVERS
- 8.1.3. NORTH AMERICA SURGICAL ROBOTICS MARKET CHALLENGES
- 8.1.4. KEY PLAYERS IN NORTH AMERICA SURGICAL ROBOTICS MARKET
- 8.1.5. COUNTRY ANALYSIS
  - 8.1.5.1. UNITED STATES
  - 8.1.5.1.1. UNITED STATES SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.1.5.2. CANADA
  - 8.1.5.2.1. CANADA SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
8.2. EUROPE
- 8.2.1. MARKET SIZE & ESTIMATES
- 8.2.2. EUROPE SURGICAL ROBOTICS MARKET DRIVERS
- 8.2.3. EUROPE SURGICAL ROBOTICS MARKET CHALLENGES
- 8.2.4. KEY PLAYERS IN EUROPE SURGICAL ROBOTICS MARKET
- 8.2.5. COUNTRY ANALYSIS
  - 8.2.5.1. UNITED KINGDOM
  - 8.2.5.1.1. UNITED KINGDOM SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.2.5.2. GERMANY
  - 8.2.5.2.1. GERMANY SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.2.5.3. FRANCE
  - 8.2.5.3.1. FRANCE SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.2.5.4. SPAIN
  - 8.2.5.4.1. SPAIN SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.2.5.5. ITALY
  - 8.2.5.5.1. ITALY SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.2.5.6. REST OF EUROPE
  - 8.2.5.6.1. REST OF EUROPE SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
8.3. ASIA-PACIFIC
- 8.3.1. MARKET SIZE & ESTIMATES
- 8.3.2. ASIA-PACIFIC SURGICAL ROBOTICS MARKET DRIVERS
- 8.3.3. ASIA-PACIFIC SURGICAL ROBOTICS MARKET CHALLENGES
- 8.3.4. KEY PLAYERS IN ASIA-PACIFIC SURGICAL ROBOTICS MARKET
- 8.3.5. COUNTRY ANALYSIS
  - 8.3.5.1. CHINA
  - 8.3.5.1.1. CHINA SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.2. JAPAN
  - 8.3.5.2.1. JAPAN SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.3. INDIA
  - 8.3.5.3.1. INDIA SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.4. SOUTH KOREA
  - 8.3.5.4.1. SOUTH KOREA SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.5. INDONESIA
  - 8.3.5.5.1. INDONESIA SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.6. THAILAND
  - 8.3.5.6.1. THAILAND SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.7. VIETNAM
  - 8.3.5.7.1. VIETNAM SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.8. AUSTRALIA & NEW ZEALAND
  - 8.3.5.8.1. AUSTRALIA & NEW ZEALAND SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.3.5.9. REST OF ASIA-PACIFIC
  - 8.3.5.9.1. REST OF ASIA-PACIFIC SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
8.4. REST OF WORLD
- 8.4.1. MARKET SIZE & ESTIMATES
- 8.4.2. REST OF WORLD SURGICAL ROBOTICS MARKET DRIVERS
- 8.4.3. REST OF WORLD SURGICAL ROBOTICS MARKET CHALLENGES
- 8.4.4. KEY PLAYERS IN REST OF WORLD SURGICAL ROBOTICS MARKET
- 8.4.5. REGIONAL ANALYSIS
  - 8.4.5.1. LATIN AMERICA
  - 8.4.5.1.1. LATIN AMERICA SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  - 8.4.5.2. MIDDLE EAST & AFRICA
  - 8.4.5.2.1. MIDDLE EAST & AFRICA SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
- 9.1.4. BUSINESS EXPANSIONS
9.2. COMPANY PROFILES
- 9.2.1. ETHICON
  - 9.2.1.1. COMPANY OVERVIEW
  - 9.2.1.2. PRODUCT LIST
  - 9.2.1.3. STRENGTHS & CHALLENGES
- 9.2.2. ZIMMER BIOMET HOLDINGS INC
  - 9.2.2.1. COMPANY OVERVIEW
  - 9.2.2.2. PRODUCT LIST
  - 9.2.2.3. STRENGTHS & CHALLENGES
- 9.2.3. SMITH & NEPHEW
  - 9.2.3.1. COMPANY OVERVIEW
  - 9.2.3.2. PRODUCT LIST
  - 9.2.3.3. STRENGTHS & CHALLENGES
- 9.2.4. STRYKER CORPORATION
  - 9.2.4.1. COMPANY OVERVIEW
  - 9.2.4.2. PRODUCT LIST
  - 9.2.4.3. STRENGTHS & CHALLENGES
- 9.2.5. ACCURAY INCORPORATED
  - 9.2.5.1. COMPANY OVERVIEW
  - 9.2.5.2. PRODUCT LIST
  - 9.2.5.3. STRENGTHS & CHALLENGES
- 9.2.6. CMR SURGICAL LTD.
  - 9.2.6.1. COMPANY OVERVIEW
  - 9.2.6.2. PRODUCT LIST
  - 9.2.6.3. STRENGTHS & CHALLENGES
- 9.2.7. GLOBUS MEDICAL INC
  - 9.2.7.1. COMPANY OVERVIEW
  - 9.2.7.2. PRODUCT LIST
  - 9.2.7.3. STRENGTHS & CHALLENGES
- 9.2.8. INTUITIVE SURGICAL INC
  - 9.2.8.1. COMPANY OVERVIEW
  - 9.2.8.2. PRODUCT LIST
  - 9.2.8.3. STRENGTHS & CHALLENGES
- 9.2.9. MEDTRONIC PLC
  - 9.2.9.1. COMPANY OVERVIEW
  - 9.2.9.2. PRODUCT LIST
  - 9.2.9.3. STRENGTHS & CHALLENGES
- 9.2.10. MEDROBOTICS CORPORATION
  - 9.2.10.1. COMPANY OVERVIEW
  - 9.2.10.2. PRODUCT LIST
  - 9.2.10.3. STRENGTHS & CHALLENGES
- 9.2.11. STEREOTAXIS INC
  - 9.2.11.1. COMPANY OVERVIEW
  - 9.2.11.2. PRODUCT LIST
  - 9.2.11.3. STRENGTHS & CHALLENGES
- 9.2.12. ASENSUS SURGICAL INC
  - 9.2.12.1. COMPANY OVERVIEW
  - 9.2.12.2. PRODUCT LIST
  - 9.2.12.3. STRENGTHS & CHALLENGES
- 9.2.13. TITAN MEDICAL INC
  - 9.2.13.1. COMPANY OVERVIEW
  - 9.2.13.2. PRODUCT LIST
  - 9.2.13.3. STRENGTHS & CHALLENGES
- 9.2.14. SYNAPTIVE MEDICAL INC
  - 9.2.14.1. COMPANY OVERVIEW
  - 9.2.14.2. PRODUCT LIST
- 9.2.15. THINK SURGICAL INC
  - 9.2.15.1. COMPANY OVERVIEW
  - 9.2.15.2. PRODUCT LIST