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
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
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
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
What are the key factors driving the growth of market?
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
What segments are covered in market report?
The global surgical robots market is segmented on the basis of product & service, application, end-user and regions
What are the key participating players in the market?
Surgical, Stryker and Mazor Robotics, Smith & Nephew, Hansen Medical, Medrobotics, TransEnterix, Medtech, Renishaw, and THINK Surgical, among others are the key participating players in the market
We use cookies for a better user experience. Click here to know more about it.
