Press release
Surgical Robots Market Will Generate Booming Growth Opportunities to 2028 | Intuitive Surgical, Stryker Corporation, Medtronic, Smith & Nephew
Exactitude Consultancy Reports
"The global Surgical Robots market is expected to grow at 17.6% CAGR from 2019 to 2028. It is expected to reach above USD 18.01 billion by 2028 from USD 4.38 billion in 2019."
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**Note - Updated Version 2023 is available
Market Drivers
Technological advancements in surgical robots in developed countries are increasing, leading to increased adoption and usage. However, rising healthcare expenditures in emerging countries and unclear regulatory norms are affecting the sale of surgical robots.
Market Restraints
Robot-assisted surgeries are more expensive than minimally invasive ones, and the American Congress of Obstetricians and Gynecologists recommends only using robotic hysterectomy for complex clinical conditions. The association estimates that adopting robotic surgery for all hysterectomy surgeries would add $960 million to the annual cost. In India, SS Innovations launched Mantra, a robotic surgical system costing around Rs 4.5 crore, while the Da Vinci system costs between USD 1.5 million and Rs 2.5 million. (Source: Business Standard, September 2022).
Who are the major players in this industry?
Intuitive Surgical, Stryker Corporation, Medtronic, Smith & Nephew, Zimmer Biomet, Asensus Surgical, Corindus Vascular Robotics, Renishaw, Auris Health, Medrobotics Corporation, and others.
Recent Developments in Surgical Robots Market
Recent developments in Surgical Robots industry, even after market report release, support market trends outlined in analysis.
In February 2023, Asensus Surgical, Inc. unveiled a new era of surgery called Performance-Guided Surgery. This includes a next-generation surgical platform, real-time intraoperative clinical intelligence, and a secure cloud platform to apply machine learn
June 2022: Stryker, one of the world's innovating medical technology companies, announced the opening of its new research and development facility, Stryker's Global Technology Centre (SGTC), at the International Tech Park, Gurgaon. The 150,000-square-foot facility will help accelerate innovation in India and globally and further support the company's mission to improve healthcare.
June 2022: CMR Surgical (CMR) announced that its Versius Surgical Robotic System had been used in 5,000 surgical procedures worldwide. The 5,000th procedure was performed at Argenteuil Hospital, a public health center in Paris, France, where Dr. Patrick Bagan and his team conducted a successful lung bi-segmentectomy for cancer.
What exactly does market segmentation cover?
Global Surgical Robots Market By Products & Services, 2019-2028, (IN USD Million)
» Instruments And Accessories
» Robotic Systems
» Services
Global Surgical Robots Market By Application, 2019-2028, (IN USD Million)
» General Surgery
» Gynecological Surgery
» Urological Surgery
» Neurosurgery
» Orthopedic Surgery
» Other Applications
Regional Analysis of the Surgical Robots Market
The market development, current market trends, and some research methodologies are all covered in the Surgical Robots Industry research report. It draws attention to crucial aspects like product portfolios, software architectures, and production strategies that have a direct impact on the market. Our research shows that even minor changes to a product's qualities can have a big impact on the previously mentioned criteria.
Key Geographical Regions
✦ North America (US, Canada)
✦ Europe (Germany, UK, France, Italy, Spain)
✦Asia-Pacific (China, Australia, Japan)
✦Middle East and North Africa
✦ Latin America
Table of Content:
1 Study Reporting
1.1 Surgical Robots Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Surgical Robots Market Size Growth Rate by Type
1.5 Market by Application
2 Executive Instantaneous
2.1 Global Surgical Robots Market Size
2.1.1 Global Surgical Robots Revenue
2.1.2 Global Surgical Robots Production
2.2 Surgical Robots Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Surgical Robots Manufacturers
2.3.2.1 Surgical Robots Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Surgical Robots Product Offered
2.3.2.3 Date of Manufacturers Enter into Surgical Robots Market
2.4 Key Trends for Surgical Robots Markets & Products
3 Market Size by Manufacturers
3.1 Surgical Robots Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans
4 Surgical Robots Production by Regions
4.1 Global Surgical Robots Production by Regions
4.1.1 Global Surgical Robots Production Market Share by Regions
4.1.2 Global Surgical Robots Revenue Market Share by Regions
4.2 United States
4.2.1 United States Surgical Robots Production
4.2.2 United States Surgical Robots Revenue
4.2.3 Key Players in United States
4.2.4 United States Surgical Robots Import & Export
4.3 Europe
4.3.1 Europe Surgical Robots Production
4.3.2 Europe Surgical Robots Revenue
5 Surgical Robots Consumption by Regions
5.1 Global Surgical Robots Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country
6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type
7 Market Size by Application
7.1 Overview
7.2 Global Surgical Robots Breakdown Dada by Application
7.2.1 Global Surgical Robots Consumption by Application
7.2.2 Global Surgical Robots Consumption Market Share by Application
8 Manufacturers Profiles
9 Production Forecasts
9.1 Surgical Robots Production and Revenue Forecast
9.1.1 Global Surgical Robots Production Forecast
9.1.2 Global Surgical Robots Revenue Forecast
9.2 Surgical Robots Production and Revenue Forecast by Regions
9.2.1 Global Surgical Robots Revenue Forecast by Regions
9.2.2 Global Surgical Robots Production Forecast by Regions
9.3 Surgical Robots Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Surgical Robots Production Forecast by Type
9.4.2 Global Surgical Robots Revenue Forecast by Type
10 Consumption Forecast
10.1 Surgical Robots Consumption Forecast by Application
10.2 Surgical Robots Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Surgical Robots Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Surgical Robots Consumption Forecast by Regions
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Surgical Robots Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Surgical Robots Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Surgical Robots Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa
11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Surgical Robots Sales Channels
11.2.2 Surgical Robots Distributors
11.3 Surgical Robots Customers
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators
13 Key Findings in the Global Surgical Robots Study
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer
Continue….
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Research Methodology
The report is based on data analysis strategies by skilled data analysts. The research methodology involves collecting and analyzing information to provide significant market predictions. Interviews with market influencers make primary research relevant and practical. The secondary method provides a direct insight into demand and supply. Both primary and secondary data collection methods are used, along with publicly available sources like annual reports and white papers, to provide a comprehensive understanding of the market. The report offers precise data analysis and a comprehensive market tour.
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