Surgical Robots Market

Surgical Robots Market by Product & Service (Instruments & Accessories, Systems, Service), Application (Urological Surgery, Gynecological Surgery, Orthopedic Surgery), End User (Hospitals, Ambulatory Surgery Centers) - Global Forecasts to 2025

Report Code: MD 6781 Mar, 2020, by marketsandmarkets.com

Surgical Robots Market

Global Surgical Robots Market is expected to grow at a CAGR of 12.1%.

Surgical Robots Market and Top Companies

Key market players profiled in the Surgical Robots Market report includes:

  • Intuitive Surgical (US)
  • Stryker (US)
  • Medtronic (Ireland)
  • Smith & Nephew (UK)
  • Zimmer Biomet (US)
  • Intuitive Surgical (US) - Intuitive Surgical develops robots that are used in surgical procedures. The company designs, manufactures, and markets robotic-assisted systems and other-related instruments and accessories for the surgical robots market. The da Vinci system is configured for a variety of procedures, including prostatectomy, hysterectomy, hernia repair, cholecystectomy, partial nephrectomy, sacrocolpopexy, mitral valve repair, lobectomy, and colon and rectal procedures.
  • Stryker (US) - In December 2013, the company acquired MAKO Surgical (US), a surgical robot manufacturing company. This acquisition enabled Stryker to enter into the surgical robots market. Stryker offers surgical robots under its Orthopaedics business segment. The company has a strong geographical presence in the US, Canada, Europe, Japan, and other countries in the Pacific and Latin American regions.
  • Medtronic (Ireland) - Medtronic entered the surgical robots market with the acquisition of Mazor Robotics in December 2018. Mazor Robotics is an Israel-based firm with expertise in robotic & image-based systems and a strong focus on minimally invasive surgical procedures, especially in the spinal surgery segment.
  • Smith & Nephew (UK) - Established in 1856 and headquartered in London, UK, Smith & Nephew is engaged in the development, production, and distribution of medical devices. The firm offers surgical robotic products under its Other Surgical Businesses segment. In 2017, Smith & Nephew launched the NAVIO Total Knee Arthroplasty (TKA) system. The company’s robotics team continues to expand in major geographical regions such as India, South Africa, and Australia.
  • Zimmer Biomet (US) - In December 2016, Zimmer Biomet entered the surgical robots market with its acquisition of MedTech. MedTech manufactures the ROSA robotic device used for neurological and spine procedures. The company has a strong geographic presence across countries such as France, Germany, Italy, Spain, the UK, Switzerland, Japan, Australia, New Zealand, South Korea, China, Taiwan, India, Thailand, Singapore, Hong Kong, and Malaysia.

Surgical Robots Market and Top Application Industries

Top Application Industries in Surgical Robots Market are:

  • Gynecological Surgery
  • Urological Surgery
  • Neurosurgery
  • Orthopedic Surgery
  • General Surgery
  • Other Applications
  • Gynecological Surgery - In recent years, the use of robotic surgery has increased significantly for some of the most common gynecological procedures, such as hysterectomies, myomectomies, adnexal surgery, sacrocolpopexies, and endometriosis management. The advantages of robotic surgery, such as lower complication rates, shorter hospital stays, less blood loss, and lower hospital readmission rates as compared to traditional open surgery, have made gynecological surgery a promising application area.
  • Urological Surgery - Robotic surgery is used for prostate cancer surgery, kidney disease/cancer surgery, bladder cancer surgery, and urinary obstruction surgery, among other urological applications. Target procedures in urology include prostatectomy (“dVP”) and partial nephrectomy. The use of robotic surgeries has grown due to the advantages of minimally invasive techniques.
  • Neurosurgery - Brain surgery involves accessing a buried target surrounded by delicate tissue. The use of a robot for this task enables a precise and accurate procedure based on medical images. Most of the currently available neurosurgery robots allow for image-guided positioning/orientation of cannulas or other tools. Factors such as the growing precision and improved quality of surgical robots have encouraged the use of robots in neurosurgery.
  • Orthopedic Surgery - Compared to traditional orthopedic surgical techniques, robot-aided surgeries offer greater precision and accuracy. The accuracy of implantation and component placement in total hip arthroplasty and total knee replacement procedures increases in the case of robotic surgeries. Owing to these advantages, the preference for robotic surgeries has grown among hospitals and orthopedic surgeons.
  • General Surgery - Surgical robots are increasingly being used in the areas of bariatric surgery, Heller myotomy, gastrectomy, hernia repair, cholecystectomy, Nissen fundoplication, transoral surgery, and pancreatectomy, among other general surgeries. General surgery is one of the fastest-growing application areas for surgical robots.
  • Other Applications - This segment includes the use of surgical robots in cardiothoracic and pediatric surgical procedures. In cardiothoracic surgery, target procedures include da Vinci lobectomy and da Vinci mitral valve repair. In 2017, 1,700 robotic cardiac operations were performed in the US, with a nearly constant number of procedures in the last 8 years.

Surgical Robots Market and Top Products and Services

  • Instruments & Accessories - The instruments & accessories in this market include needle drivers, forceps, 5-mm instruments, retractors, clip appliers, and probe graspers. The rapidly increasing number of global robotic surgical procedures has greatly enhanced the use of instruments & accessories associated with surgical robots.
  • Robotic Systems - The most commonly available surgical robots are orthopedic robots, neurosurgical robots, and laparoscopy robots. Technological advancements in the field of robotics have led to the replacement of traditional surgeries with minimally invasive robotic surgeries. Robotic surgery has become increasingly common for many different types of surgical procedures, however, the high cost of these systems limits their adoption among several end users to a certain extent.
  • Services - Surgical robots are often sold with service contracts. These services include support, installation, repair, and maintenance of robots. Companies have a network of field service engineers that provide these services. Companies also provide basic training about the fundamental operating principles of robotic systems to surgeons, surgical assistants, and operating room nurses.

[143 Pages Report] The market for surgical robots is expected to grow from USD 6.7 billion in 2020 to USD 11.8 billion by 2025, at a CAGR of 12.1% during the forecast period. Growth in the surgical robots market can be attributed to factors such as technological advancements, advantages of robotic-assisted surgery, increasing adoption of surgical robots by hospitals & ambulatory surgery centers & increased funding for medical robot research.

Surgical Robots Market - Attractive Opportunities by 2023

The instruments & accessories segment is expected to grow at the highest rate during the forecast period

Based on product and service, the global market is segmented into robotic systems, instruments, and accessories & services. The instruments & accessories segment commanded the largest share of the market in 2019.  The large share and high growth rate of this segment are mainly driven by the recurrent purchase of instruments & accessories as opposed to robotic systems, which are a one-time investment.

By application, the general surgery segment is expected to grow at the highest rate during the forecast period

Based on the application, the market is segmented into general surgery, urological surgery, gynecological surgery, orthopedic surgery, neurosurgery, and other applications. , the general surgery segment is expected to grow at the highest rate during the forecast period. Growth in this market segment can be attributed to the increased use of surgical robots in general procedures such as bariatric surgery, Heller myotomy, gastrectomy, hernia repair, cholecystectomy, transoral surgery, and pancreatectomy.

By end-user, hospitals are expected to be the most significant contributor to the surgical robots market

Based on end-user, the market is segmented into hospitals and ambulatory surgery centers. The demand for surgical robots in hospitals is primarily driven by the increasing focus on carrying out surgeries with better precision and ensuring more comfort for surgeons.

Surgical Robots Market - Attractive Opportunities by 2023

North America is expected to hold a significant share in the surgical robots market during the forecast period

The global surgical robots market has been categorized on the basis of four major regional segments—North America, Europe, the Asia Pacific, and the Rest of the World. North America accounted for the largest share of the global market in 2019. The large percentage of the North American market can be attributed to the availability of funding for R&D in surgical robots in this region and the increasing adoption of surgical robots for pediatric surgeries in Canada and general surgery procedures in the US.

Key Market Players

The major vendors in the global surgical robots market are Intuitive Surgical (US), Stryker (US), and Mazor Robotics (US). Other players involved in this market are Smith & Nephew (UK), Hansen Medical (US), Medrobotics (US), TransEnterix (US), Medtech (France), Renishaw (UK), and THINK Surgical (US).

Scope of the report

Report Metric

Details

Market size available for years

2018-2025

Base year considered

2019

Forecast period

2020-2025

Forecast units

Value (USD)

Segments covered

Product & Service, Application, End-User, and Region

Geographies covered

North America (US & Canada), Europe (Germany, Italy, France, UK, RoE), APAC (Japan, China, India, RoAPAC), RoW

Companies covered

Intuitive Surgical (US), Stryker Corporation (US), Medtronic(Ireland). Major 20 players covered.

This research report categorizes the market based on component, application, end-user, and region.

>Based on Product & Service, the market has been segmented as follows:

  • Robotic systems
  • Instruments & Accessories
  • Services

Based on Application, the market has been segmented as follows:

  • Gynecological Surgery
  • Urological Surgery
  • Neurosurgery
  • Orthopedic Surgery
  • General Surgery
  • Other Applications

Based on End User, the market has been segmented as follows:

  • Hospitals
  • Ambulatory Surgery Centers

Based on Region, the market has been segmented as follows:

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • RoE
  • Asia Pacific
    • Japan
    • China
    • India
    • RoAPAC
    • Rest of the World

Key questions addressed by the report:

  • Which of the product segment will dominate the surgical robots market in the future?
  • Emerging countries have immense opportunities for the growth and adoption of surgical robots; will this scenario continue in the next five years?
  • Where will all the advancements in products offered by various companies take the industry in the mid to long term?
  • Low sequencing costs in the emerging market are impacting the growth of developed markets. How will the pricing differences impact the overall market?
  • What are the upcoming technologies in the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Market Scope
           1.2.2 Markets Covered
           1.2.3 Years Considered for the Study
    1.3 Currency
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Research Methodology Steps
           2.2.1 Secondary Data
                    2.2.1.1 Secondary Sources
           2.2.2 Primary Data
                    2.2.2.1 Primary Sources
           2.2.3 Market Size Estimation Methodology
           2.2.4 Revenue Mapping-Based Market Estimation
           2.2.5 Demand-Side (Installed Base) Market Estimation
    2.3 Market Data Estimation and Triangulation
    2.4 Assumptions of the Study

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 31)
    4.1 Surgical Robots Market Overview
    4.2 Geographic Analysis: North American Market, By Product & Service
    4.3 Market Share, By Product & Service, 2020 vs 2025
    4.4 Market Share, By Application, 2020 vs 2025
    4.5 Market, By End User, 2020 vs 2025 (USD Million)

5 Market Overview (Page No. - 34)
           5.1.1 Introduction
           5.1.2 Market Dynamics
           5.1.3 Drivers
                    5.1.3.1 Advantages of Robotic-Assisted Surgery
                    5.1.3.2 Technological Advancements
                    5.1.3.3 Increasing Adoption of Surgical Robots
                    5.1.3.4 Increase in Funding for Medical Robot Research
           5.1.4 Restraints
                    5.1.4.1 High Cost of Robotic Systems
           5.1.5 Opportunities
                    5.1.5.1 Increasing Penetration of Surgical Robots in ASCS
                    5.1.5.2 Emerging Markets

6 Product Pipeline Assessment (Page No. - 39)
    6.1 Introduction
    6.2 Clinical Trials for Surgical Robots

7 Surgical Robots Market, By Product & Service (Page No. - 40)
    7.1 Introduction
    7.2 Instruments & Accessories
           7.2.1 Recurrent Purchase of Instruments & Accessories for Each Surgical Procedure to Drive Growth in This Segment
    7.3 Robotic Systems
           7.3.1 High Cost of Robotic Systems Likely to Restrict the Adoption of These Products
    7.4 Services
           7.4.1 Recurring Revenue Per Installation and Per Procedure to Offer Growth Opportunities

8 Surgical Robots Market, By Application (Page No. - 48)
    8.1 Introduction
    8.2 General Surgery
           8.2.1 Growth in the Number of General Surgery Procedures to Positively Impact the Market
    8.3 Urological Surgery
           8.3.1 Increasing Number of Da Vinci Prostatectomy Procedures and Kidney Cancer Cases to Drive the Urological Surgery Application Segment
    8.4 Gynecological Surgery
           8.4.1 Increasing Number of Hysterectomy Procedures to Drive Growth in This Application Segment
    8.5 Orthopedic Surgery
           8.5.1 High Implantation and Placement Accuracy of Surgical Robots During Orthopedic Procedures Supports Market Growth
    8.6 Neurosurgery
           8.6.1 Increasing Prevalence of Neurological Disorders to Fuel Market Growth
    8.7 Other Applications

9 Surgical Robots Market, By End User (Page No. - 60)
    9.1 Introduction
           9.1.1 Hospitals
                    9.1.1.1 Robotic-Assisted Surgeries Enable Hospitals to Lower Pre- and Post-Operative Care Costs as Well as Patient Length of Stay—Key Factors Driving Market Growth
           9.1.2 Ambulatory Surgery Centers
                    9.1.2.1 Rise in the Number of Outpatient Surgeries to Support Market Growth

10 Surgical Robots Market, By Region (Page No. - 66)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 The US Holds the Largest Share of the North American Market
             10.2.2 Canada
                        10.2.2.1 Increased Use of Surgical Robots in Pediatric Patients to Drive Market Growth in Canada
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Germany to Witness the Highest Growth in the European Surgical Robots Market
             10.3.2 Italy
                        10.3.2.1 Increasing Number of Robotic Surgical Systems Installed in the Country to Propel Market Growth
             10.3.3 France
                        10.3.3.1 Higher Adoption of MIS to Support Market Growth in This Country
             10.3.4 UK
                        10.3.4.1 Increasing Number of Robotic Surgical Procedures Performed in the Country to Propel Market Growth
             10.3.5 Spain
                        10.3.5.1 Increasing Implementation and Development of Robotic Surgery Programs in Spain to Drive Market Growth
             10.3.6 RoE
     10.4 Asia Pacific
             10.4.1 Japan
                        10.4.1.1 Japan Dominates the APAC Surgical Robots Market
             10.4.2 China
                        10.4.2.1 China to Be the Fastest-Growing Country in the Asia Pacific Market
             10.4.3 India
                        10.4.3.1 Huge Patient Population to Support Market Growth
             10.4.4 Rest of Asia Pacific (RoAPAC)
     10.5 Rest of the World

11 Competitive Landscape (Page No. - 93)
     11.1 Overview
     11.2 Market Ranking of Players, 2018
     11.3 Product Portfolio Analysis
             11.3.1 Product Comparison
             11.3.2 Technical Features
     11.4 Competitive Leadership Mapping (Overall Market)
             11.4.1 Visionary Leaders
             11.4.2 Innovators
             11.4.3 Emerging Companies
             11.4.4 Dynamic Differentiators
     11.5 Competitive Leadership Mapping (Emerging Players)
             11.5.1 Progressive Companies
             11.5.2 Starting/Emerging Blocks
             11.5.3 Responsive Companies
             11.5.4 Dynamic Companies
     11.6 Competitive Scenario
             11.6.1 Product Launches & Approvals
             11.6.2 Agreements & Partnerships
             11.6.3 Acquisitions
             11.6.4 Expansions

12 Company Profiles (Page No. - 108)
(Business Overview, Products Offered, Recent Developments, Competitive Analysis)*
     12.1 Intuitive Surgical
     12.2 Stryker Corporation
     12.3 Medtronic
     12.4 Smith & Nephew
     12.5 Zimmer Biomet
     12.6 Transenterix, Inc.
     12.7 Corindus Vascular Robotics
     12.8 Renishaw
     12.9 Auris Health, Inc.
     12.10 Medrobotics Corporation
     12.11 Think Surgical
     12.12 CMR Surgical
     12.13 Verb Surgical
     12.14 Omnilife Science, Inc.
     12.15 Preceyes BV
     12.16 China National Scientific Instruments and Materials Corporation (Csimc)
     12.17 Microsure
     12.18 Titan Medical Inc.
     12.19 Avatera Medical GmbH
     12.20 Medicaroid Corporation

*Details on Business Overview, Products Offered, Recent Developments, Competitive Analysis Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 137)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (106 Tables)

Table 1 Technological Advancements in Surgical Robots
Table 2 Surgical Robots: Indicative List of Clinical Trials in Phase II, III, and IV
Table 3 Surgical Robots Market, By Product & Service, 2018–2025 (USD Million)
Table 4 Market, By Region, 2018–2025 (USD Million)
Table 5 Robotic Systems Market, By Key Player, 2018–2025 (Units)
Table 6 Surgical Robot Instruments & Accessories Market, By Region, 2020–2025 (USD Million)
Table 7 North America: Surgical Robot Instruments & Accessories Market, By Country, 2018–2025 (USD Million)
Table 8 Europe: Surgical Robot Instruments & Accessories Market, By Country, 2018–2025 (USD Million)
Table 9 APAC: Surgical Robot Instruments & Accessories Market, By Country, 2018–2025 (USD Million)
Table 10 Surgical Robots Pricing
Table 11 Surgical Robotic Systems Market, By Region, 2018–2025 (USD Million)
Table 12 North America: Surgical Robotic Systems Market, By Country, 2018–2025 (USD Million)
Table 13 Europe : Surgical Robotic Systems Market, By Country, 2018–2025 (USD Million)
Table 14 APAC: Surgical Robotic Systems Market, By Country, 2018–2025 (USD Million)
Table 15 Surgical Robot Services Market, By Region, 2018–2025 (USD Million)
Table 16 North America: Surgical Robot Services Market, By Country, 2018–2025 (USD Million)
Table 17 Europe: Surgical Robot Services Market, By Country, 2018–2025 (USD Million)
Table 18 APAC: Surgical Robot Services Market, By Country, 2018–2025 (USD Million)
Table 19 Surgical Robots Market, By Application, 2018–2025 (USD Million)
Table 20 Market for General Surgery, By Region, 2018–2025 (USD Million)
Table 21 North America: Market for General Surgery, By Country, 2018–2025 (USD Million)
Table 22 Europe: Market for General Surgery, By Country, 2018–2025 (USD Million)
Table 23 APAC: Surgical Robots Market for General Surgery, By Country, 2018–2025 (USD Million)
Table 24 Market for Urological Surgery, By Region, 2018–2025 (USD Million)
Table 25 North America: Market for Urological Surgery, By Country, 2018–2025 (USD Million)
Table 26 Europe: Market for Urological Surgery, By Country, 2018–2025 (USD Million)
Table 27 APAC: Market for Urological Surgery, By Country, 2018–2025 (USD Million)
Table 28 Market for Gynecological Surgery, By Region, 2018–2025 (USD Million)
Table 29 North America: Market for Gynecological Surgery, By Country, 2018–2025 (USD Million)
Table 30 Europe: Market for Gynecological Surgery, By Country, 2018–2025 (USD Million)
Table 31 APAC: Market for Gynecological Surgery, By Country, 2018–2025 (USD Million)
Table 32 Surgical Robots Market for Orthopedic Surgery, By Region, 2018–2025 (USD Million)
Table 33 North America: Market for Orthopedic Surgery, By Country, 2018–2025 (USD Million)
Table 34 Europe: Market for Orthopedic Surgery, By Country, 2018–2025 (USD Million)
Table 35 APAC: Market for Orthopedic Surgery, By Country, 2018–2025 (USD Million)
Table 36 Market for Neurosurgery, By Region, 2018–2025 (USD Million)
Table 37 North America: Market for Neurosurgery, By Country, 2018–2025 (USD Million)
Table 38 Europe: Market for Neurosurgery, By Country, 2018–2025 (USD Million)
Table 39 APAC: Market for Neurosurgery, By Country, 2018–2025 (USD Million)
Table 40 Surgical Robots Market for Other Applications, By Region, 2018–2025 (USD Million)
Table 41 North America: Market for Other Applications, By Country, 2018–2025 (USD Million)
Table 42 Europe: Market for Other Applications, By Country, 2018–2025 (USD Million)
Table 43 APAC: Market for Other Applications, By Country, 2018–2025 (USD Million)
Table 44 Market, By End User, 2018–2025 (USD Million)
Table 45 List of Recently Acquired Surgical Robot Systems in Hospitals Across the Globe
Table 46 Market for Hospitals, By Region, 2018–2025 (USD Million)
Table 47 North America: Market for Hospitals, By Country, 2018–2025 (USD Million)
Table 48 Europe: Surgical Robots Market for Hospitals, By Country, 2018–2025 (USD Million)
Table 49 APAC: Market for Hospitals, By Country, 2018–2025 (USD Million)
Table 50 Market for Ambulatory Surgery Centers, By Region, 2018–2025 (USD Million)
Table 51 North America: Market for Ambulatory Surgery Centers, By Country, 2018–2025 (USD Million)
Table 52 Europe: Market for Ambulatory Surgery Centers, By Country, 2018–2025 (USD Million)
Table 53 APAC: Market for Ambulatory Surgery Centers, By Country, 2018–2025 (USD Million)
Table 54 Surgical Robots Market, By Region, 2018–2025 (USD Million)
Table 55 North America: Market, By Country, 2018–2025 (USD Million)
Table 56 North America: Market, By Product & Service, 2018–2025 (USD Million)
Table 57 North America: Market, By End User, 2018–2025 (USD Million)
Table 58 North America: bots Market, By Application, 2018–2025 (USD Million)
Table 59 Surgical Robot Purchases By Hospitals in the Us
Table 60 US: Market, By Product & Service, 2018–2025 (USD Million)
Table 61 US: Surgical Robots Market, By End User, 2018–2025 (USD Million)
Table 62 US: Market, By Application, 2018–2025 (USD Million)
Table 63 Canada: Market, By Product & Service, 2018–2025 (USD Million)
Table 64 Canada: Market, By End User, 2018–2025 (USD Million)
Table 65 Canada: Market, By Application, 2018–2025 (USD Million)
Table 66 Europe: Market, By Country, 2018–2025 (USD Million)
Table 67 Europe: Market, By Product & Service, 2018–2025 (USD Million)
Table 68 Europe: Market, By End User, 2018–2025 (USD Million)
Table 69 Europe: Market, By Application, 2018–2025 (USD Million)
Table 70 Germany: Market, By Product & Service, 2018–2025 (USD Million)
Table 71 Germany: Surgical Robots Market, By End User, 2018–2025 (USD Million)
Table 72 Germany: Market, By Application, 2018–2025 (USD Million)
Table 73 Italy: Market, By Product & Service, 2018–2025 (USD Million)
Table 74 Italy: Market, By End User, 2018–2025 (USD Million)
Table 75 Italy: Market, By Application, 2018–2025 (USD Million)
Table 76 France: Market, By Product & Service, 2018–2025 (USD Million)
Table 77 France: Market, By End User, 2018–2025 (USD Million)
Table 78 France: Market, By Application, 2018–2025 (USD Million)
Table 79 UK: Market, By Product & Service, 2018–2025 (USD Million)
Table 80 UK: Surgical Robots Market, By End User, 2018–2025 (USD Million)
Table 81 UK: Market, By Application, 2018–2025 (USD Million)
Table 82 Spain: Market, By Product & Service, 2018–2025 (USD Million)
Table 83 Spain: Market, By End User, 2018–2025 (USD Million)
Table 84 Spain: Market, By Application, 2018–2025 (USD Million)
Table 85 RoE: Market, By Product & Service, 2018–2025 (USD Million)
Table 86 RoE: Surgical Robots Market, By End User, 2018–2025 (USD Million)
Table 87 RoE: Market, By Application, 2018–2025 (USD Million)
Table 88 Asia Pacific: Market, By Country, 2018–2025 (USD Million)
Table 89 Asia Pacific: Market, By Product & Service, 2018–2025 (USD Million)
Table 90 Asia Pacific: Market, By End User, 2018–2025 (USD Million)
Table 91 Asia Pacific: Market, By Application, 2018–2025 (USD Million)
Table 92 Japan: Market, By Product & Service, 2018–2025 (USD Million)
Table 93 Japan: Surgical Robots Market, By End User, 2018–2025 (USD Million)
Table 94 Japan: Market, By Application, 2018–2025 (USD Million)
Table 95 China: Market, By Product & Service, 2018–2025 (USD Million)
Table 96 China: Market, By End User, 2018–2025 (USD Million)
Table 97 China: Market, By Application, 2018–2025 (USD Million)
Table 98 India: Market, By Product & Service, 2018–2025 (USD Million)
Table 99 India: Market, By End User, 2018–2025 (USD Million)
Table 100 India: Market, By Application, 2018–2025 (USD Million)
Table 101 RoAPAC: Market, By Product & Service, 2018–2025 (USD Million)
Table 102 RoAPAC: Market, By End User, 2018–2025 (USD Million)
Table 103 RoAPAC: Market, By Application, 2018–2025 (USD Million)
Table 104 RoW: Surgical Robots Market, By Product & Service, 2018–2025 (USD Million)
Table 105 RoW: Market, By End User, 2018–2025 (USD Million)
Table 106 RoW: Market, By Application, 2018–2025 (USD Million)
 
 
List of Figures (31 Figures)
 
Figure 1 Research Methodology: Surgical Robots Market
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Research Methodology: Hypothesis Building (1/2)
Figure 5 Research Methodology: Hypothesis Building (2/2)
Figure 6 Data Triangulation Methodology
Figure 7 Market Share, By Product & Service, 2019
Figure 8 Market, By Application, 2020 vs 2025 (USD Million)
Figure 9 Market, By End User, 2020 vs 2025 (USD Million)
Figure 10 Geographical Snapshot of the Surgical Robots Market
Figure 11 Advantages of Robotic-Assisted Surgery to Drive Market Growth During the Forecast Period
Figure 12 Instruments & Accessories Accounted for the Largest Share of the North American Market in 2019
Figure 13 Instruments & Accessories to Dominate the Market in 2025
Figure 14 General Surgery Applications to Dominate the Market in 2025
Figure 15 Hospitals to Dominate the Market During the Forecast Period
Figure 16 Market: Drivers, Restraints, and Opportunities
Figure 17 North America to Dominate the Surgical Robots Market During the Forecast Period
Figure 18 North America: Market Snapshot
Figure 19 Asia Pacific: Market Snapshot
Figure 20 Key Developments of the Prominent Players Operating in the Surgical Robots Market (2017–2019)
Figure 21 Intuitive Surgical Dominated the Market in 2018
Figure 22 Market (Global) Competitive Leadership Mapping, 2019
Figure 23 Market (Global) Competitive Leadership Mapping, Emerging Players, 2019
Figure 24 Intuitive Surgical: Company Snapshot (2018)
Figure 25 Stryker Corporation: Company Snapshot (2018)
Figure 26 Medtronic: Company Snapshot (2018)
Figure 27 Smith & Nephew: Company Snapshot (2018)
Figure 28 Zimmer Biomet: Company Snapshot (2018)
Figure 29 Transenterix: Company Snapshot (2018)
Figure 30 Corindus Vascular Robotics: Company Snapshot (2018)
Figure 31 Renishaw: Company Snapshot (2018)

The study involved four major activities in estimating the current market size for surgical robots. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that market breakdown and data, triangulation was used to estimate the market size of segments and subsegments

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, D&B, Bloomberg Business, and Factiva have been referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, and databases.

Primary Research

The surgical robots market comprises several stakeholders, such as surgical robots and related device manufacturing companies, suppliers, and distributors of surgical robots, hospital and diagnostic centers, ambulatory surgery centers, medical colleges, teaching hospitals, and academic medical centers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following the breakdown of primary respondents

Surgical Robots Market - Attractive Opportunities by 2023

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the surgical robots market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the surgical robots industry.

Report Objectives

  • To define, describe, and measure the global surgical robots market by product & service, application, end-users, and region
  • To provide detailed information about major factors influencing the market growth (such as drivers, restraints, growth opportunities, and challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the global surgical robots market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
  • To forecast the size of the market in North America, Europe, Asia Pacific (APAC), and the Rest of the world (RoW)
  • To strategically analyze the market structure and profile key players and their core competencies3 in the global market
  • To track and analyze competitive developments such as product launches & approvals, acquisitions & expansions, partnerships, agreements & collaborations; in the market.

Available Customizations

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Product Analysis

  • Product matrix which gives a detailed comparison of the product portfolios of the top five companies

Company Information

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COVID-19

Get in-depth analysis of the COVID-19 impact on the Surgical Robots Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Surgical Robots Market

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Report Code
MD 6781
Published ON
Mar, 2020
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