Surgical Robots Market Overview

The report is titled as' ‘Surgical Robots Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the surgical robots market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The surgical robots market is expected to grow at a significant rate in the near future.

The surgical robots market size was valued at US$ 6.2 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 18.2% from 2020 to 2028.

Surgical Robots Market Definition

The term ‘Robotic surgery’ has existed around for over a couple of decades now, and has been an incredible and a revolutionary effort in enhancing the surgical procedures and making the patients’ experience lenient and pleasant. The employment of surgical robotics in medical interventions has become run-of-the-mill in the previous decade. With the widespread acknowledgement and acceptance in robotic surgery, the encouragement to offer minor, greater efficiency and low-cost equipment is propelling the researchers to reach unprecedented heights.

Robotic surgery, in the present times, has been effectively put into practice in numerous hospitals across the world and has achieved global acceptance. Although robots were not born yesterday as it has been around for a very long time, only in the past few years have these machines and automatics arrived in the field of medicines and healthcare.

Over a long period of time, robots have become enormously evolved in comparison to their antecedents. In today’s times, robots have become highly precise, highly specific, and perfectly suited for dangerous and risky jobs, which just a few decades ago, had to be performed by the human workforce. This major evolution can be mainly attributed to the recent advancements in technology that have paved its way to more reliability, and thus much broader acceptance by the general population as well as the healthcare sector.

Moreover, the surgical robots have the potential to perform difficult and tricky procedures with proper arithmetical accuracy, even in structural areas that are complicated to reach by human surgeons.

Surgical Robots Market Dynamics

The revolutionizing healthcare sector all around the world in conjunction with numerous technological advancements in the medical procedures and treatments provided to the patients is one of the primary factors that is driving the growth of the global surgical robots market.

In the operation theatre (OT), the surgeons must always be careful and meticulous when making incisions or performing any other surgical functions. Such surgical tasks are complex and repetitive thus challenging. Thus, to help surgeons, the medical community is using the technical advancements of Artificial Intelligence (AI) and collaborative robots in the operation theatre. Owing to which, the surgical robots gain massive traction in the global market, which is further projected to accelerate the growth of the global surgical robots market in the forthcoming future.

By the same token, the beneficial attributes of surgical robots, including capability to control the depth, trajectory, and speed of their movements along with incredible precision, further makes them competent enough to work efficiently in the medical field along with human surgeons, which in turn is estimated to stimulate huge demand in the global markets, thus supporting the growth of the global surgical robots market over the forecast period. In addition to that, they are especially designed in a way that is well-suited for procedures that need the exact same and monotonous movements as they carry the capacity to work without exhaustion and weariness.

Apart from that, there is abundance of funding and support from the regulatory authorities and governments across the world with regard to medical robot research and other development activities which also plays a positive role in boosting the growth of the global surgical robots market in the years to come.

However, the insufficiency of skilled professionals in various regions around the world may act as a restraining factor for the growth of the global surgical robots market in the near future. Furthermore, the massive cost of installation of surgical robotics might not be affordable by hospitals across developing regions of the globe, which is further likely to obstruct the growth of the global surgical robots market in the coming years.

Surgical Robots Market Segmentation

The global surgical robots market is segmented on the basis of product & service, application, end-user and regions. On the basis of product & service, the surgical robots market is segmented into Robotic systems, Instruments & Accessories, Services. On the basis of application, the market is categorized into Gynecological Surgery, Urological Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, & Other Applications. Further, the surgical robots market is segmented on the basis of end-user into Hospitals and Ambulatory Surgery Centers.

By Product & Service

Robotic systems

Instruments & Accessories

Services

By Application

           Gynecological Surgery

Urological Surgery

Neurosurgery

Orthopedic Surgery

General Surgery

Other Applications

By End User

Hospitals

Ambulatory Surgery Centers

By Region

North America

Latin America

Africa

Europe

Asia Pacific

Middle East

Surgical Robots Market Key Players

The global surgical robots market is dominated by Intuitive Surgical, Stryker and Mazor Robotics, Smith & Nephew, Hansen Medical, Medrobotics, TransEnterix, Medtech, Renishaw, and THINK Surgical, among others.

MMC Overview on Surgical Robots Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the surgical robots market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of surgical robots

Advantages of surgical robots

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Surgical Robots Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Surgical Robots Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Surgical Robots Market Snapshot

2.4.    Global Surgical Robots Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Surgical Robots Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Surgical Robots Assessment and Analysis

3.1.    Surgical Robots Impact Analysis 

3.2.    Actions to encourage use of MUSIC STREAMING SERVICES

3.3.    Surgical Robots Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Surgical Robots Market

5.    Global Surgical Robots Market, By Product & Services

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Product & Services

5.1.2.    BPS Analysis, By Product & Services

5.2.    Market Revenue (US$Mn) and Forecast, By Product & Services

5.2.1.    Robotic systems

5.2.2.    Instruments & Accessories

5.2.3.    Services

5.3.    Global Surgical Robots Market Attractiveness Index, By Product & Services

6.    Global Surgical Robots Market, By Application

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Application

6.1.2.    BPS Analysis, By Application

6.2.    Market Revenue (US$Mn) and Forecast, By Application

6.2.1.    Gynaecological Surgery

6.2.2.    Urological Surgery

6.2.3.    Neurosurgery

6.2.4.    Orthopaedic Surgery

6.2.5.    General Surgery

6.2.6.    Other Applications

6.3.    Global Surgical Robots Market Attractiveness Index, By Application

7.    Global Surgical Robots Market, By End-User

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By End-User

7.1.2.    BPS Analysis, By End-User

7.2.    Market Revenue (US$Mn) and Forecast, By End-User

7.2.1.    Hospitals

7.2.2.    Ambulatory Surgery Centres

7.3.    Global Surgical Robots Market Attractiveness Index, By End-User

8.    Global Surgical Robots Market, By Region

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Region

8.1.2.    BPS Analysis, By Region

8.2.    Market Revenue (US$Mn) and Forecast, By Region

8.2.1.    North America

8.2.2.    Latin America

8.2.3.    Europe

8.2.4.    Asia Pacific

8.2.5.    Middle East 

8.2.6.    Africa

8.3.    Global Surgical Robots Market Attractiveness Index, By Region

9.    North America Surgical Robots Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market Revenue (US$Mn) and Forecast, By Country

9.2.1.    U.S. Surgical Robots Market

9.2.2.    Canada Surgical Robots Market

9.3.    North America Surgical Robots Market, By Product & Services

9.3.1.    Robotic systems

9.3.2.    Instruments & Accessories

9.3.3.    Services 

9.4.    North America Surgical Robots Market Revenue (US$Mn) and Forecast, By Application

9.4.1.    Gynaecological Surgery

9.4.2.    Urological Surgery

9.4.3.    Neurosurgery

9.4.4.    Orthopaedic Surgery

9.4.5.    General Surgery

9.4.6.    Other Applications

9.5.    North America Surgical Robots Market Revenue (US$Mn) and Forecast, By End-User

9.5.1.    Hospitals

9.5.2.    Ambulatory Surgery Centres

9.6.    North America Surgical Robots Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Product & Services

9.6.3.    By Application

9.6.4.    By End-User

10.    Latin America Surgical Robots Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    Brazil Surgical Robots Market

10.2.2.    Mexico Surgical Robots Market

10.2.3.    Rest Of Latin America Surgical Robots Market

10.3.    Latin America Surgical Robots Market, By Product & Services

10.3.1.    Robotic systems

10.3.2.    Instruments & Accessories

10.3.3.    Services 

10.4.    Latin America Surgical Robots Market Revenue (US$Mn) and Forecast, By Application

10.4.1.    Gynaecological Surgery

10.4.2.    Urological Surgery

10.4.3.    Neurosurgery

10.4.4.    Orthopaedic Surgery

10.4.5.    General Surgery

10.4.6.    Other Applications

10.5.    Latin America Surgical Robots Market Revenue (US$Mn) and Forecast, By End-User

10.5.1.    Hospitals

10.5.2.    Ambulatory Surgery Centres

10.6.    Latin America Surgical Robots Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Product & Services

10.6.3.    By Application

10.6.4.    By End-User

11.    Europe Surgical Robots Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    U.K. Surgical Robots Market

11.2.2.    Germany Surgical Robots Market

11.2.3.    Italy Surgical Robots Market

11.2.4.    France Surgical Robots Market

11.2.5.    Spain Surgical Robots Market

11.2.6.    Russia Surgical Robots Market

11.2.7.    Rest Of Europe Surgical Robots Market

11.3.    Europe Surgical Robots Market, By Product & Services

11.3.1.    Robotic systems

11.3.2.    Instruments & Accessories

11.3.3.    Services 

11.4.    Europe Surgical Robots Market Revenue (US$Mn) and Forecast, By Application

11.4.1.    Gynaecological Surgery

11.4.2.    Urological Surgery

11.4.3.    Neurosurgery

11.4.4.    Orthopaedic Surgery

11.4.5.    General Surgery

11.4.6.    Other Applications

11.5.    Europe Surgical Robots Market Revenue (US$Mn) and Forecast, By End-User

11.5.1.    Hospitals

11.5.2.    Ambulatory Surgery Centres

11.6.    Europe Surgical Robots Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Product & Services

11.6.3.    By Application

11.6.4.    By End-User

12.    Asia Pacific Surgical Robots Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    China Surgical Robots Market

12.2.2.    India Surgical Robots Market

12.2.3.    Japan Surgical Robots Market

12.2.4.    Australia and New Zealand Surgical Robots Market

12.2.5.    South Korea Surgical Robots Market

12.2.6.    Rest of Asia Pacific Surgical Robots Market

12.3.    Asia Pacific Surgical Robots Market, By Product & Services

12.3.1.    Robotic systems

12.3.2.    Instruments & Accessories

12.3.3.    Services 

12.4.    Asia Pacific Surgical Robots Market Revenue (US$Mn) and Forecast, By Application

12.4.1.    Gynaecological Surgery

12.4.2.    Urological Surgery

12.4.3.    Neurosurgery

12.4.4.    Orthopaedic Surgery

12.4.5.    General Surgery

12.4.6.    Other Applications

12.5.    Asia Pacific Surgical Robots Market Revenue (US$Mn) and Forecast, By End-User

12.5.1.    Hospitals

12.5.2.    Ambulatory Surgery Centres

12.6.    Asia Pacific Surgical Robots Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Product & Services

12.6.3.    By Application

12.6.4.    By End-User

13.    Middle East Surgical Robots Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    GCC Countries Surgical Robots Market

13.2.2.    Israel Surgical Robots Market

13.2.3.    Rest Of Middle East Surgical Robots Market

13.3.    Middle East Surgical Robots Market, By Product & Services

13.3.1.    Robotic systems

13.3.2.    Instruments & Accessories

13.3.3.    Services 

13.4.    Middle East Surgical Robots Market Revenue (US$Mn) and Forecast, By Application

13.4.1.    Gynaecological Surgery

13.4.2.    Urological Surgery

13.4.3.    Neurosurgery

13.4.4.    Orthopaedic Surgery

13.4.5.    General Surgery

13.4.6.    Other Applications

13.5.    Middle East Surgical Robots Market Revenue (US$Mn) and Forecast, By End-User

13.5.1.    Hospitals

13.5.2.    Ambulatory Surgery Centres

13.6.    Middle East Surgical Robots Market Attractiveness Index

13.6.1.    By Country

13.6.2.    By Product & Services

13.6.3.    By Application

13.6.4.    By End-User

14.    Africa Surgical Robots Market Analysis and Forecast, 2020–2028

14.1.    Introduction

14.1.1.    Annual Growth Rate Comparison, By Country

14.1.2.    BPS Analysis, By Country

14.2.    Market (US$Mn) Forecast, By Country

14.2.1.    South Africa Countries Surgical Robots Market

14.2.2.    Egypt Surgical Robots Market

14.2.3.    North Africa Surgical Robots Market

14.2.4.    Rest of Africa Surgical Robots Market

14.3.    Africa Surgical Robots Market, By Product & Services

14.3.1.    Robotic systems

14.3.2.    Instruments & Accessories

14.3.3.    Services 

14.4.    Africa Surgical Robots Market Revenue (US$Mn) and Forecast, By Application

14.4.1.    Gynaecological Surgery

14.4.2.    Urological Surgery

14.4.3.    Neurosurgery

14.4.4.    Orthopaedic Surgery

14.4.5.    General Surgery

14.4.6.    Other Applications

14.5.    Africa Surgical Robots Market Revenue (US$Mn) and Forecast, By End-User

14.5.1.    Hospitals

14.5.2.    Ambulatory Surgery Centres

14.6.    Africa Surgical Robots Market Attractiveness Index

14.6.1.    By Country

14.6.2.    By Product & Services

14.6.3.    By Application

14.6.4.    By End-User

15.    Competitive Landscape

15.1.    Company Profiles

15.1.1.    Intuitive Surgical

15.1.1.1.    Company Overview

15.1.1.2.    Financial Overview

15.1.1.3.    Key Developments

15.1.1.4.    Strategies

15.1.1.5.    Product Analysis

15.1.2.    Stryker and Mazor Robotics

15.1.3.    Smith & Nephew

15.1.4.    Hansen Medical

15.1.5.    Medrobotics

15.1.6.    TransEnterix

15.1.7.    Medtech

15.1.8.    Renishaw

15.1.9.    THINK Surgical

16.    Acronyms