Surgical Robots Market Scenario & Industry Analysis 2019-2025 | Stryker Corporation, Intuitive Surgical, Medtronic plc, Hansen Medical, Renishaw plc, Smith & Nephew, Medrobotics Corporation, Cmr Surgical, TransEnterix Surgical Inc. and THINK Surgical

The global surgical robots market is categorized based on products & services, application and end-users. Based on products & services, instruments & accessories segment held the largest share of the market in 2018. Application-wise, general surgery segment grabbed majority of the share of the global surgical robots market. Geographically, North America dominated the global surgical robots market in 2018, however, Asia Pacific is expected to be the fastest growing region by 2025.

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The global surgical robots market is projected to reach an approximate value of USD 11.1 billion by 2025, growing at a CAGR of 13.1%. Increasing adoption of minimally invasive surgeries, rapid technological advancements in robotic systems, increasing investments in R&D for the development of innovative systems are factors driving the surgical robots market.

Surgical robots are becoming more acceptable globally, enhancing the surgeon's abilities with regards to surgical imaging, planning, navigation, and instrument manipulation. These systems are majorly used in minimally invasive surgeries, targeted therapy, and prosthetics in order to help surgeons to perform these complex procedures with high precision and control. Moreover, rapid technological advancements in robotic platforms such as launch of single port, natural orifice, disease specific surgical systems are anticipated to fuel the growth of the market in the future. For instance, Intuitive Surgical launched the da Vinci SP Surgical System in March 2018. The system is used in urologic surgical procedures that are appropriate for a single port access.

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The global surgical robots market has been segmented based on products & services, application and end-users. Based on products & services, the market is categorized into systems, instruments and accessories, and services. Instruments and accessories segment held substantial share of the global market in 2018. Application-wise, the global surgical robots market is segmented into neurosurgery, general surgery, gynecological surgery, urological surgery, orthopedic surgery and others.

The global surgical robots market is cumulative to North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominated the global surgical robots market in 2018, however Asia Pacific is expected to grow at a highest pace through 2025.

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Key players operating in the global surgical robots market include Intuitive Surgical, Stryker Corporation, Medtronic plc, Smith & Nephew, Hansen Medical, Renishaw plc, Medrobotics Corporation, TransEnterix Surgical Inc. CMR Surgical, and THINK Surgical among others.

Key Segments of the Global Surgical Robots Market

Products & Services Overview, 2015-2025 (USD Million)

Systems
Instruments & Accessories
Services

Application Overview, 2015-2025 (USD Million)

General Surgery
Urological Surgery
Orthopedic Surgery
Gynecological Surgery
Neurosurgery
Others

End-users Overview, 2015-2025 (USD Million)

Hospitals
Ambulatory Surgical Centers (ASCs)
Others

Regional Overview, 2015-2025 (USD Million)

North America
U.S.
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa

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Reasons for the study

Increase in adoption of surgical robots
Rapid technology advancements in surgical robots industry
Increase in demand for minimally invasive surgeries
Huge investments in R&D by leading players

What does the report include?

The study on the global surgical robots market includes qualitative insights such as drivers, restraints, challenges and opportunities
Additionally, the market has been evaluated using the Porter's Five Forces analysis
The study covers qualitative and quantitative analysis of the market segmented on the basis of products & services, application, and end-users. Moreover, the study on surgical robots market provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments
The study includes the profiles of key players operating in the market with a significant global and/or regional presence

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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