The Global Surgical Robotics Market Size is projected to reach USD 9.59 billion in 2027.
The Global Surgical Robotics Market Size is projected to reach USD 9.59 billion in 2027. Rise in automation in the healthcare sector, high demand for minimally invasive treatments, and adoption of advanced technology in both developed and developing economies are expected to boost the surgical robotics and navigation market growth. The major reason for non-compliance of surgical procedures is pain assisted with invasive method. To acquire the major user acceptance market players in surgical robotics and navigation market are more focused in developing non-invasive and portable robotic platform.
For instance, Versius Robotic System from CMR Surgical a UK based company has been used by NHS surgeons for minimal access surgery (MAS) in 2019. The portable design of robotic device permits free movement within ward and between various hospitals also help easy access in keyhole surgery.
Several development of user friendly and technologically developed robotic platforms to capture need gap is one of the major factor driving the market growth. For instance, Senhance Surgical Robotic System a U.S. based company has received Japanese approval for its TransEnterix‘s Senhance robot-assisted surgery device for several procedures. However, the majority of surgeons are unaware of the use of robotics in healthcare, and mechanical failures associated with surgeries are likely to restrain the market.
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Key Highlights from the Report:
- The ambulatory care centers segment registered the highest growth rate owing to their extensive usage and rapid expansion of ambulatory care centers in developed countries. The hospitals segment accounted for a substantial market share due to the accelerating adoption of robotic-assisted surgeries in hospitals.
- North America occupied a significant share of the industry in 2019, accounting for 47.2% market share attributable to the more and more hospitals adopting robotic-assisted surgeries, increasing disposable income, and favorable government initiatives for innovative robotic technologies.
- Key market players include CMR Surgical, Medrobotics, Verb Surgical, BrainLab, DePuy Synthes, Zimmer Biomet, Globus Medical, Titan Medical, TransEnterix, Procept BioRobotics, Globus Medical, Auris Health, ELMED Medical, Getinge, and Blue Belt Technologies, among others.
- In 2018, Medtronic acquired Mazor Robotics to develop an advanced surgical system to fuse spine technologies with Mazor Robotics’ systems. The latter’s Mazor X gained a 510(k) clearance from the FDA and is used with Stealth in robot-assisted surgeries.
- Midland Health joined forces with neurosurgeons and Midland Memorial Hospital in February 2020 for small-cut robotic spine surgery. The Mazor X Stealth Robotic Navigation System was used as it allows image-based pre-operative analytics and offers intra-operative guidance during the surgery.
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For the purpose of this report, Emergen Research has segmented the Global Surgical Robotics Market on the basis of product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Neurosurgery
- Orthopedic Surgery
- Spinal surgery
- Robotic Radiosurgery System
- ENT Surgery
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Pediatrics
- Geriatrics
- Adults
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Ambulatory Care Centers
- Hospitals
- Others
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- BENELUX
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
Reasons to buy the report:
- This study segments the Surgical Robotics market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Surgical Robotics sectors.
- This Surgical Robotics report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Surgical Robotics market.
Key features of the report:
- To study the key aspects impacting the Surgical Robotics market size.
- To identify growth prospects in the Surgical Robotics market.
- To analyze the Surgical Robotics market segments and deduce the dominant trends observed in the industry.
- To examine the Surgical Robotics market by investigating the available products, market share, and value proposition of the products.
- To analyze the industry by assessing the scope and application of the Surgical Robotics market and highlight the growth of each application.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Surgical Robotics Market Segmentation & Impact Analysis
4.1. Surgical Robotics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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