Global Surgical Robots Market Report by Component (Surgical System, Accessory, Service), Area of Surgery (Gynaecological Surgery, Cardiovascular, Neurosurgery, Orthopaedic Surgery, Laparoscopy, Urology, Other Areas of Surgery) Countries and Company Analysis, 2024-2032
Buy NowGlobal Surgical Robots Market Analysis
The Global Surgical Robots Market size will surpass US$ 11.85 billion by 2032 from US$ 7.05 billion in 2023, with a CAGR of 5.94% from 2024 to 2032.
Global Surgical Robots Market Outlook
From open surgery to robotic surgery, surgery has changed over time. Surgical robots are capable of geometrically precise complex procedures, even in parts of the body that are hard for human surgeons to access. One of the main factors propelling the growth of the surgical robots business is the rising demand as a result of the adoption of minimally invasive surgeries.
Increasingly complicated surgical procedures, aging populations, the prevalence of chronic illnesses, and the growing need for automation in healthcare are some of the key reasons propelling the growth of the surgical robotics market. One of the most popular and often used robotic surgical instruments in the world is the da Vinci surgical system, which is produced by Intuitive Surgical Inc.
Report Features | Details |
Base Year |
2023 |
Forecast Years |
2024 - 2032 |
Historical Years |
2019 - 2023 |
Market Size in 2023 |
US$ 7.05 Billion |
Market Forecast in 2032 |
US$ 11.85 Billion |
Market Growth Rate (2024-2032) |
5.94% |
Driving forces for Surgical Robots Market
Technological Advancements and Development of Procedure-Specific Surgical Robotic System Is Anticipated to Drive the Market - The U.S. Food and Drug Administration has approved Intuitive Surgical Inc.'s Ion system. The purpose of the robotic endoluminal system is to enable physicians to do less invasive lung biopsies. One of the main factors propelling the market's expansion is the creation of robotic systems tailored to certain procedures. The market is expected to grow as a result of factors like the growing preference for less invasive robotic-assisted surgery.
Moreover, during the projected period, the growing demand and use of surgical robots by medical professionals is anticipated to fuel market expansion. Nonetheless, there are a number of obstacles that could potentially limit the growth of this industry, including the high cost of installation and a shortage of qualified professionals.
Increase in Surgical Robot Regulatory Approvals – One element driving market expansion for surgical robots is an increase in regulatory clearances. For example, the Ion robotic surgical system from Intuitive Surgical Inc. was granted 510(k) FDA clearance in 2019. Other important reasons bolstering market growth include the increasing use of aided procedures such hysterectomies, consistent authorization approvals, and persistent manufacturer and R&D investment in automated robotic systems. This element so promotes market expansion.
Asia Pacific Surgical Robots Market
From 2024 to 2032, the surgical robots market in Asia-Pacific is anticipated to expand steadily. This can be attributed to a number of factors, including the growing number of older adults, the aging population, the development of new products, and the growing influence of foreign companies in the area. Furthermore, the surgical robot market in China is anticipated to have the most market share, while the surgical robot market in India is anticipated to develop at the fastest rate in the Asia-Pacific area.
For example, healthcare R&D is growing quickly in India, whereas Japan has strong pharmaceutical companies and a strong research infrastructure. There are benefits for Chinese surgical robot manufacturers over those in other countries.
They are the market leader for surgical robots worldwide because they provide more affordably priced services including maintenance, training, and accessory replacements, which boosts their competitiveness in the market and helps them better understand Chinese doctors and patients.
Surgical Robots Company Overview
The leading market players in the Surgical Robots market are Intuitive Surgical Inc., Stryker Corporation, Johnson & Johnson, Renishaw PLC, Accuray Incorporated, Titan Medical Inc., Medtronic PLC, Smith & Nephew PLC, Zimmer Biomet.
Surgical Robots Company News
In August 2022, India pioneered the use of wheat technique known as biological The pioneer in orthopedic surgical robots, THINK Surgical, Inc., has announced that it has partnered with Curexo, Inc., a medical robotics specialty firm based in South Korea, on development and distribution.
In June 2022, the integration of mobile cone-beam CT (CBCT) imaging technology and the Ion Endoluminal System, which is used for robotic-assisted bronchoscopy, has been approved by the U.S. Food and Drug Administration, according to a statement made by Intuitive, a global leader in minimally invasive care and the inventor of robotic-assisted surgery.
In January 2022, Versius, a cutting-edge surgical robotic system, was utilized to successfully complete high-volume urological treatments at the Sindh Institute of Urology and Transplantation (SIUT) in Pakistan, according to CMR Surgical, a company involved in the surgical robotics industry.
Component – Global Surgical Robots Market in 3 Viewpoints:
- Surgical System
- Accessory
- Service
Area of Surgery - Global Surgical Robots Market in 7 Viewpoints:
- Gynecological Surgery
- Cardiovascular
- Neurosurgery
- Orthopedic Surgery
- Laparoscopy
- Urology
- Other Areas of Surgery
Geography – Global Surgical Robots Market
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
Company Insights:
- Overviews
- Recent Developments & Strategies
- Product Portfolio & Product Launch in Last 1 Year
- Revenue
Company Analysis:
- Intuitive Surgical Inc.
- Stryker Corporation
- Johnson & Johnson
- Renishaw PLC
- Accuray Incorporated
- Titan Medical Inc.
- Medtronic PLC
- Smith & Nephew PLC
- Zimmer Biomet
Report Details:
Report Features | Details |
Base Year |
2023 |
Historical Period |
2019 - 2023 |
Forecast Period |
2024 - 2032 |
Market |
US$ Billion |
Segment Covered |
Component, Area of Surgery, and Countries |
Countries Covered |
|
Companies Covered |
|
Customization Scope |
20% Free Customization |
Post-Sale Analyst Support |
1 Year (52 Weeks) |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamic
4.1 Growth Drivers
4.2 Challenges
5. Global Surgical Robots Market
6. Global Surgical Robots Market Share Analysis
6.1 By Component
6.2 By Area of Surgery
6.3 By Country
7. Component – Global Surgical Robots Market
7.1 Surgical System
7.2 Accessory
7.3 Service
8. Area of Surgery - Global Surgical Robots Market
8.1 Gynecological Surgery
8.2 Cardiovascular
8.3 Neurosurgery
8.4 Orthopedic Surgery
8.5 Laparoscopy
8.6 Urology
8.7 Other Areas of Surgery
9. Country – Global Surgical Robots Market
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Europe
9.2.1 France
9.2.2 Germany
9.2.3 Italy
9.2.4 Spain
9.2.5 United Kingdom
9.2.6 Belgium
9.2.7 Netherlands
9.2.8 Turkey
9.3 Asia Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Australia
9.3.5 South Korea
9.3.6 Thailand
9.3.7 Malaysia
9.3.8 Indonesia
9.3.9 New Zealand
9.4 Latin America
9.4.1 Brazil
9.4.2 Mexico
9.4.3 Argentina
9.5 Middle East & Africa
9.5.1 South Africa
9.5.2 Saudi Arabia
9.5.3 United Arab Emirates
10. Porter's Five Forces Analysis
10.1 Bargaining Power of Buyers
10.2 Bargaining Power of Suppliers
10.3 Degree of Competition
10.4 Threat of New Entrants
10.5 Threat of Substitutes
11. SWOT Analysis
11.1 Strength
11.2 Weakness
11.3 Opportunity
11.4 Threats
12. Key Players Analysis
12.1 Intuitive Surgical Inc.
12.1.1 Overviews
12.1.2 Recent Developments & Strategies
12.1.3 Product Portfolio & Product Launch in Last 1 Year
12.1.4 Revenue
12.2 Stryker Corporation
12.2.1 Overviews
12.2.2 Recent Developments & Strategies
12.2.3 Product Portfolio & Product Launch in Last 1 Year
12.2.4 Revenue
12.3 Johnson & Johnson
12.3.1 Overviews
12.3.2 Recent Developments & Strategies
12.3.3 Product Portfolio & Product Launch in Last 1 Year
12.3.4 Revenue
12.4 Renishaw PLC
12.4.1 Overviews
12.4.2 Recent Developments & Strategies
12.4.3 Product Portfolio & Product Launch in Last 1 Year
12.4.4 Revenue
12.5 Accuray Incorporated
12.5.1 Overviews
12.5.2 Recent Developments & Strategies
12.5.3 Product Portfolio & Product Launch in Last 1 Year
12.5.4 Revenue
12.6 Titan Medical Inc.
12.6.1 Overviews
12.6.2 Recent Developments & Strategies
12.6.3 Product Portfolio & Product Launch in Last 1 Year
12.6.4 Revenue
12.7 Medtronic PLC
12.7.1 Overviews
12.7.2 Recent Developments & Strategies
12.7.3 Product Portfolio & Product Launch in Last 1 Year
12.7.4 Revenue
12.8 Smith & Nephew PLC
12.8.1 Overviews
12.8.2 Recent Developments & Strategies
12.8.3 Product Portfolio & Product Launch in Last 1 Year
12.8.4 Revenue
12.9 Zimmer Biomet
12.9.1 Overviews
12.9.2 Recent Developments & Strategies
12.9.3 Product Portfolio & Product Launch in Last 1 Year
12.9.4 Revenue
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