Robotic surgery is a type of surgical procedure that is done using robotic systems. Robotically-assisted surgery was developed to try to overcome the limitations of pre-existing minimally-invasive surgical procedures and to improve the capabilities of surgeons performing open surgery.
MARKET DYNAMICS
The surgical robotics market is driving due to the increasing need for automation in the healthcare industry and the shifting trend towards advanced robotic surgeries. However, the high cost associated with robotic surgical surgeries & robotic systems is likely to restraint market growth during the forecast period. Moreover, the rise in death toll and injuries due to robotic surgeries will also impede the growth of the surgical robotics market
MARKET SCOPE
The "Surgical Robotics Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of surgical robotics market with detailed market segmentation by component and surgery type. The surgical robotics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in surgical robotics market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The surgical robotics market is segmented on the basis of component and surgery type. Based on component, the market is segmented as accessories and services. On the basis of surgery type, the market is categorized as gynecology surgery, urology surgery, neurosurgery, orthopedic surgery, general surgery and other surgeries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the surgical robotics market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The surgical robotics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting surgical robotics market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the surgical robotics market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the surgical robotics market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The surgical robotics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting surgical robotics market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the surgical robotics market in these regions.
MARKET PLAYERS
The report covers key developments in the surgical robotics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from surgical robotics market are anticipated to have lucrative growth opportunities in the future with the rising demand for surgical robotics in the global market. Below mentioned is the list of few companies engaged in the surgical robotics market.
The report also includes the profiles of key players in surgical robotics market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Auris Surgical Robotics, Inc. (Hansen Medical Inc.)
- Intuitive Surgical, Inc.
- KUKA AG
- Mazor Robotics
- Medtronic plc
- Renishaw plc
- Smith & Nephew Plc. (Blue Belt Technologies, Inc.)
- Stryker Corporation (MAKO Surgical Corp.)
- THINK Surgical Inc.,
- Zimmer Biomet Holdings Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Surgical Robotics Market - By Component
1.3.2 Surgical Robotics Market - By Surgery Type
1.3.3 Surgical Robotics Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SURGICAL ROBOTICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SURGICAL ROBOTICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SURGICAL ROBOTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. SURGICAL ROBOTICS - GLOBAL MARKET OVERVIEW
6.2. SURGICAL ROBOTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SURGICAL ROBOTICS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. ACCESSORIES
7.3.1. Overview
7.3.2. Accessories Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. SURGICAL ROBOTICS MARKET - REVENUE AND FORECASTS TO 2028 - SURGERY TYPE
8.1. OVERVIEW
8.2. SURGERY TYPE MARKET FORECASTS AND ANALYSIS
8.3. GYNECOLOGY SURGERY
8.3.1. Overview
8.3.2. Gynecology surgery Market Forecast and Analysis
8.4. UROLOGY SURGERY
8.4.1. Overview
8.4.2. Urology surgery Market Forecast and Analysis
8.5. NEUROSURGERY
8.5.1. Overview
8.5.2. Neurosurgery Market Forecast and Analysis
8.6. ORTHOPEDIC SURGERY
8.6.1. Overview
8.6.2. Orthopedic surgery Market Forecast and Analysis
8.7. GENERAL SURGERY
8.7.1. Overview
8.7.2. General surgery Market Forecast and Analysis
8.8. OTHER SURGERIES
8.8.1. Overview
8.8.2. Other surgeries Market Forecast and Analysis
9. SURGICAL ROBOTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Surgical Robotics Market Overview
9.1.2 North America Surgical Robotics Market Forecasts and Analysis
9.1.3 North America Surgical Robotics Market Forecasts and Analysis - By Component
9.1.4 North America Surgical Robotics Market Forecasts and Analysis - By Surgery Type
9.1.5 North America Surgical Robotics Market Forecasts and Analysis - By Countries
9.1.5.1 United States Surgical Robotics Market
9.1.5.1.1 United States Surgical Robotics Market by Component
9.1.5.1.2 United States Surgical Robotics Market by Surgery Type
9.1.5.2 Canada Surgical Robotics Market
9.1.5.2.1 Canada Surgical Robotics Market by Component
9.1.5.2.2 Canada Surgical Robotics Market by Surgery Type
9.1.5.3 Mexico Surgical Robotics Market
9.1.5.3.1 Mexico Surgical Robotics Market by Component
9.1.5.3.2 Mexico Surgical Robotics Market by Surgery Type
9.2. EUROPE
9.2.1 Europe Surgical Robotics Market Overview
9.2.2 Europe Surgical Robotics Market Forecasts and Analysis
9.2.3 Europe Surgical Robotics Market Forecasts and Analysis - By Component
9.2.4 Europe Surgical Robotics Market Forecasts and Analysis - By Surgery Type
9.2.5 Europe Surgical Robotics Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Surgical Robotics Market
9.2.5.1.1 Germany Surgical Robotics Market by Component
9.2.5.1.2 Germany Surgical Robotics Market by Surgery Type
9.2.5.2 France Surgical Robotics Market
9.2.5.2.1 France Surgical Robotics Market by Component
9.2.5.2.2 France Surgical Robotics Market by Surgery Type
9.2.5.3 Italy Surgical Robotics Market
9.2.5.3.1 Italy Surgical Robotics Market by Component
9.2.5.3.2 Italy Surgical Robotics Market by Surgery Type
9.2.5.4 Spain Surgical Robotics Market
9.2.5.4.1 Spain Surgical Robotics Market by Component
9.2.5.4.2 Spain Surgical Robotics Market by Surgery Type
9.2.5.5 United Kingdom Surgical Robotics Market
9.2.5.5.1 United Kingdom Surgical Robotics Market by Component
9.2.5.5.2 United Kingdom Surgical Robotics Market by Surgery Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Surgical Robotics Market Overview
9.3.2 Asia-Pacific Surgical Robotics Market Forecasts and Analysis
9.3.3 Asia-Pacific Surgical Robotics Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Surgical Robotics Market Forecasts and Analysis - By Surgery Type
9.3.5 Asia-Pacific Surgical Robotics Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Surgical Robotics Market
9.3.5.1.1 Australia Surgical Robotics Market by Component
9.3.5.1.2 Australia Surgical Robotics Market by Surgery Type
9.3.5.2 China Surgical Robotics Market
9.3.5.2.1 China Surgical Robotics Market by Component
9.3.5.2.2 China Surgical Robotics Market by Surgery Type
9.3.5.3 India Surgical Robotics Market
9.3.5.3.1 India Surgical Robotics Market by Component
9.3.5.3.2 India Surgical Robotics Market by Surgery Type
9.3.5.4 Japan Surgical Robotics Market
9.3.5.4.1 Japan Surgical Robotics Market by Component
9.3.5.4.2 Japan Surgical Robotics Market by Surgery Type
9.3.5.5 South Korea Surgical Robotics Market
9.3.5.5.1 South Korea Surgical Robotics Market by Component
9.3.5.5.2 South Korea Surgical Robotics Market by Surgery Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Surgical Robotics Market Overview
9.4.2 Middle East and Africa Surgical Robotics Market Forecasts and Analysis
9.4.3 Middle East and Africa Surgical Robotics Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Surgical Robotics Market Forecasts and Analysis - By Surgery Type
9.4.5 Middle East and Africa Surgical Robotics Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Surgical Robotics Market
9.4.5.1.1 South Africa Surgical Robotics Market by Component
9.4.5.1.2 South Africa Surgical Robotics Market by Surgery Type
9.4.5.2 Saudi Arabia Surgical Robotics Market
9.4.5.2.1 Saudi Arabia Surgical Robotics Market by Component
9.4.5.2.2 Saudi Arabia Surgical Robotics Market by Surgery Type
9.4.5.3 U.A.E Surgical Robotics Market
9.4.5.3.1 U.A.E Surgical Robotics Market by Component
9.4.5.3.2 U.A.E Surgical Robotics Market by Surgery Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Surgical Robotics Market Overview
9.5.2 South and Central America Surgical Robotics Market Forecasts and Analysis
9.5.3 South and Central America Surgical Robotics Market Forecasts and Analysis - By Component
9.5.4 South and Central America Surgical Robotics Market Forecasts and Analysis - By Surgery Type
9.5.5 South and Central America Surgical Robotics Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Surgical Robotics Market
9.5.5.1.1 Brazil Surgical Robotics Market by Component
9.5.5.1.2 Brazil Surgical Robotics Market by Surgery Type
9.5.5.2 Argentina Surgical Robotics Market
9.5.5.2.1 Argentina Surgical Robotics Market by Component
9.5.5.2.2 Argentina Surgical Robotics Market by Surgery Type
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL SURGICAL ROBOTICS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SURGICAL ROBOTICS MARKET, KEY COMPANY PROFILES
12.1. AURIS SURGICAL ROBOTICS, INC. (HANSEN MEDICAL INC.)
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. INTUITIVE SURGICAL, INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. KUKA AG
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. MAZOR ROBOTICS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MEDTRONIC PLC
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. RENISHAW PLC
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. SMITH AND NEPHEW PLC. (BLUE BELT TECHNOLOGIES, INC.)
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. STRYKER CORPORATION (MAKO SURGICAL CORP.)
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. THINK SURGICAL INC.,
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ZIMMER BIOMET HOLDINGS INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Auris Surgical Robotics, Inc. (Hansen Medical Inc.)
2. Intuitive Surgical, Inc.
3. KUKA AG
4. Mazor Robotics
5. Medtronic plc
6. Renishaw plc
7. Smith & Nephew Plc. (Blue Belt Technologies, Inc.)
8. Stryker Corporation (MAKO Surgical Corp.)
9. THINK Surgical Inc.,
10. Zimmer Biomet Holdings Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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