Global Surgical Robots Market Report By Application (Orthopedics, Neurology, Urology, Gynecology, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2027

ID:VMR11214009
January 2021
Report Formats:

Global Surgical Robots Market Overview

The key driver impacting the surgical robots market is the rising adoption of surgical robots for surgeries across the globe by hospitals & ambulatory surgery centers is estimated to boost market demand in the forecast period. For instance, According to the Mhealth organization, the study of Michigan 73 hospitals presents that three-quarters of hospitals included in the survey provided robot-assisted surgery in 2018, and surgeon’s percentage of operating at those hospitals who did some of their operations with a robotic system help increase by 10% to more than 30%. The general surgery operations percentage at those hospitals that involved robots was increased eightfold from 1.8% of all such operations to 15.%. Moreover, the technological advancement in the fields of data recorders, data analytic systems, 3D-imaging, high definition microscopic cameras, motion sensors is also estimated to be a significant determinant that adds growth to the market.

According to Value Market Research, the global surgical robots market was valued at around USD 3.1 billion in 2019 and is estimated to grow at a CAGR of about 20% during the forecast period 2021-2026.

The growing demand for robotic surgery systems owing to the advantages associated with robotic-assisted surgery is expected to enhance market demand in the forecast period. For instance, as per the annals of laparoscopic and endoscopic surgery, In 2017, a leading manufacturer Intuitive noted a 32% year-over-year growth in the use of its robotic surgery systems among general surgeons. in 2017, intuitive estimated that approximately 875,000 da vinci procedures were performed, raised from 523,000 in 2013. The robotic surgery industry generates almost $3 billion in revenues per year, and it is expected to grow by nearly 15% per year until 2022. however, the high cost of robotic systems may hamper the global surgical robots industry in the long run. also, the various risk associated with a surgical robot, such as infection risk, cardiopulmonary risks of anesthesia, and mechanical failure at the time of surgeries, are negatively impacting the market. the current industry trend of expanding collaboration of robotic companies on technology platforms with third-party dealers to build up new surgical applications is expected to provide beneficial market opportunities for the key market players in the coming years. Also, the rising development of flexible and cost-effective surgical robots by manufacturers is positively impacting the market.

The surgical robots market is vast, with a large number of local and global players. The key leaders follow numerous strategies to enhance their market position, such as acquisitions, extending product portfolio, expansions, mergers, and product innovations to strengthen their market share at the global scale. For example, In December 2016, Zimmer Biomet acquired MedTech and entered into the surgical robots market. MedTech manufactures the ROSA robotic device utilized for the spine and neurological procedures. The important players included in the report are Intuitive Surgical, Medtronic, Stryker Corporation, Smith & Nephew, Transenterix, Inc., Zimmer Biomet, Renishaw, Corindus Vascular Robotics, Think SurgicalOthers, Auris Health, Inc.

Global Surgical Robots Market Share

In this research report, the surgical Robots market is segmented by applications and region.

Analysis by Applications:
By applications, the report is categorized into orthopedics, neurology, urology, gynecology, others. The orthopedic segment is accounted for the largest share in 2019. It is due to the increased usage of surgical robots in the total hip replacement, hip arthroscopy, knee replacement, and shoulder arthroscopy, placement of pedicle screws, trauma, and general orthopedics. Moreover, the numerous benefits associated with surgical robots such as better accuracy and precision to surgeons, thus eliminating human error, contribute to the growth of the orthopedics segment in the forecast period.

Analysis by Region:
In the regional outlook of the global surgical robots market, the North America region dominates with a maximum market share of 40% in 2019. It is due to the increased adoption of technologically advanced robotic systems coupled with the growing number of hospitals that are opting for robot-assisted surgeries in the U.S region. Moreover, the high healthcare expenditure by the U.S. government and growing robotic investments in the region contribute to the surgical robots market growth across North America.

Market Segmentation covered in the Report:
By Application
  • Orthopedics
  • Neurology
  • Urology
  • Gynecology
  • Others
By Region
  • North America
  • Europe
  • the Asia Pacific
  • Latin America
  • The Middle East and Africa

METHODOLOGY
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.  

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . SURGICAL ROBOTS – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Application
           3.7.2 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL SURGICAL ROBOTS MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Historical and Forecast Data
       6.3 Analysis by Application
       6.4 Orthopedics Market by Regions
       6.6 Neurology Market by Regions
       6.5 Urology Market by Regions
       6.7 Gynecology Market by Regions
       6.8 Others Market by Regions
 
7 . GLOBAL SURGICAL ROBOTS MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview, Historic and Forecast Data
           7.3.2. North America By Segment
           7.3.3. North America By Country
           7.3.4. United State
           7.3.5. Canada
           7.3.6. Mexico
       7.4. Europe
           7.4.1. Overview, Historic and Forecast Data
           7.4.2. Europe by Segment
           7.4.3. Europe by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7. Italy
           7.4.8. Russia
           7.4.9. Rest Of Europe
       7.5. Asia Pacific
           7.5.1. Overview, Historic and Forecast Data
           7.5.2. Asia Pacific by Segment
           7.5.3. Asia Pacific by Country
           7.5.4. China
           7.5.5. India
           7.5.6. Japan
           7.5.7. South Korea
           7.5.8. Australia
           7.5.9. Rest Of Asia Pacific
       7.6. Latin America
           7.6.1. Overview, Historic and Forecast Data
           7.6.2. Latin America by Segment
           7.6.3. Latin America by Country
           7.6.4. Brazil
           7.6.5. Argentina
           7.6.6. Peru
           7.6.7. Chile
           7.6.8. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview, Historic and Forecast Data
           7.7.2. Middle East & Africa by Segment
           7.7.3. Middle East & Africa by Country
           7.7.4. Saudi Arabia
           7.7.5. UAE
           7.7.6. Israel
           7.7.7. South Africa
           7.7.8. Rest Of Middle East And Africa
 
8 . COMPETITIVE LANDSCAPE OF THE SURGICAL ROBOTS COMPANIES
       8.1. Surgical Robots Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
 
9 . COMPANY PROFILES OF SURGICAL ROBOTS INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Intuitive Surgical
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. Medtronic
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Stryker Corporation
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Smith & Nephew
           9.6.1. Company Overview
           9.6.2. Financials
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. Transenterix, Inc.
           9.7.1. Company Overview
           9.7.2. Financials
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. Zimmer Biomet
           9.8.1. Company Overview
           9.8.2. Financials
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. Renishaw
           9.9.1. Company Overview
           9.9.2. Financials
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. Corindus Vascular Robotics
           9.10.1. Company Overview
           9.10.2. Financials
           9.10.3. Products
           9.10.4. Recent Developments
       9.11. Think SurgicalOthers
           9.11.1. Company Overview
           9.11.2. Financials
           9.11.3. Products
           9.11.4. Recent Developments
       9.12. Auris Health, Inc.
           9.12.1. Company Overview
           9.12.2. Financials
           9.12.3. Products
           9.12.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Application  (USD MN)
  •  Orthopedics Market by Geography (USD MN)
  •  Neurology Market by Geography (USD MN)
  •  Urology Market by Geography (USD MN)
  •  Gynecology Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Surgical Robots Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Surgical Robots Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Surgical Robots Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Application  (USD MN)
  •  Orthopedics Market by Geography (USD MN)
  •  Neurology Market by Geography (USD MN)
  •  Urology Market by Geography (USD MN)
  •  Gynecology Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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