Global Surgical Robots Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: July 3, 2021 |

The global surgical robot market size is anticipated to register a higher CAGR of around 22% during the forecast period 2021 to 2027 and was valued at over USD 2 billion in 2020. The rising adoption of minimally invasive surgeries due to benefits associated with it such as cost-effective and shorter hospital stay is a major factor to drive the market growth. The increasing interest of some major players and technological advancement is further expected to boost the market growth. Moreover, the rising adoption of robot-assisted surgeries and continuous research and development in robotic surgeries is projected to uplift the market over the forecast period.

Market Segment Insights:

The global surgical robots market is bifurcated into application, end-use, and geography. On the basis of application, the market is further segmented into gynecological surgery, urological surgery, neurosurgery, orthopedic surgery, and others. The neurosurgery segment is accounted to grow at a significant growth rate over the forecast period due to the increasing prevalence of stroke, neurological dysfunction, and brain aneurysm. Furthermore, the increasing use of surgical robots to treat patients suffering from brain-related conditions and tumors is expected to drive the segment growth.

By end-use, the market is segmented into hospitals and ambulatory surgery centers. The ambulatory surgery centers segment dominated the global surgical robots market in 2020 and expected to maintain its dominance over the forecast period. The segment’s growth is driven by factors such as cost-effectiveness and no hospitalization of patients. Data from a study conducted by Healthcare Bluebook, an information provider for healthcare facilities, suggested it helps it save around USD 38 billion annually with its low-cost operations.

Surgical Robot Market Size & Forecast

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The surgical robot comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The surgical robot market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Surgical Robot Market Segmentation:

By Application:

  • Gynecological Surgery
  • Urological Surgery
  • Neurosurgery
  • Orthopedic Surgery
  • Others

By End-Use:

  • Hospitals
  • Ambulatory Surgery Centers (ASCs)

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, the surgical robot market report comprises dedicated sections centering on the regional market revenue and trends. The surgical robot market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The surgical robot market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Surgical robot market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Market Competition Assessment:

Some of the major players operating in the global surgical robot market are Smith and Nephew, Medrobotics Corporation, Intuitive Surgical,  TransEnterix, Inc., and Medtronic. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Smith and Nephew
  • Medrobotics Corporation
  • Intuitive Surgical
  • TransEnterix, Inc.
  • Medtronic
  • Renishaw, plc
  • Stryker Corporation
  • Zimmer Biomet
  • Think Surgical, Inc.

Key Questions Answered by Surgical Robot Market Report

  • Global surgical robot market forecasts from 2021-2027
  • Regional surgical robot market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Surgical robot submarket forecasts from 2021-2027 covering the market by application, by end-use, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the surgical robot market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level surgical robot markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the surgical robot market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Surgical Robot Market Portraiture
2.2. Global Surgical Robot Market, by Application, 2020 (USD Mn)
2.3. Global Surgical Robot Market, by End-User, 2020 (USD Mn)
2.4. Global Surgical Robot Market, by Geography, 2020 (USD Mn)

 

3. Global Surgical Robot Market Analysis


3.1. Surgical Robot Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

 

4. Global Surgical Robot Market By Application, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Gynecological Surgery
4.3. Urological Surgery
4.4. Neurosurgery
4.5. Orthopedic Surgery
4.6. Others

 

5. Global Surgical Robot Market By End-User, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Hospitals
5.3. Ambulatory Surgery Centers (ASCs)

 

6. North America Surgical Robot Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Surgical Robot Market by Application (2018-2027 USD Mn)
6.1.3. North America Surgical Robot Market by End-User (2018-2027 USD Mn)
6.1.4. North America Surgical Robot Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Surgical Robot Market by Application (2018-2027 USD Mn)
6.1.4.1.2. U.S. Surgical Robot Market by End-User (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Surgical Robot Market by Application (2018-2027 USD Mn)
6.1.4.2.2. Canada Surgical Robot Market by End-User (2018-2027 USD Mn)

 

7. Europe Surgical Robot Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Surgical Robot Market by Application (2018-2027 USD Mn)
7.1.3. Europe Surgical Robot Market by End-User (2018-2027 USD Mn)
7.1.4. Europe Surgical Robot Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Surgical Robot Market by Application (2018-2027 USD Mn)
7.1.4.1.2. Germany Surgical Robot Market by End-User (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Surgical Robot Market by Application (2018-2027 USD Mn)
7.1.4.2.2. U.K. Surgical Robot Market by End-User (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Surgical Robot Market by Application (2018-2027 USD Mn)
7.1.4.3.2. France Surgical Robot Market by End-User (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Surgical Robot Market by Application (2018-2027 USD Mn)
7.1.4.4.2. Italy Surgical Robot Market by End-User (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Surgical Robot Market by Application (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Surgical Robot Market by End-User (2018-2027 USD Mn)

 

8. Asia Pacific Surgical Robot Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Surgical Robot Market by Application (2018-2027 USD Mn)
8.1.3. Asia Pacific Surgical Robot Market by End-User (2018-2027 USD Mn)
8.1.4. Asia Pacific Surgical Robot Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Surgical Robot Market by Application (2018-2027 USD Mn)
8.1.4.1.2. China Surgical Robot Market by End-User (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Surgical Robot Market by Application (2018-2027 USD Mn)
8.1.4.2.2. Japan Surgical Robot Market by End-User (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Surgical Robot Market by Application (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Surgical Robot Market by End-User (2018-2027 USD Mn)

 

9. Latin America (LATAM) Surgical Robot Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Surgical Robot Market by Application (2018-2027 USD Mn)
9.1.3. Latin America Surgical Robot Market by End-User (2018-2027 USD Mn)
9.1.4. Latin America Surgical Robot Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Surgical Robot Market by Application (2018-2027 USD Mn)
9.1.4.1.2. Brazil Surgical Robot Market by End-User (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Surgical Robot Market by Application (2018-2027 USD Mn)
9.1.4.2.2. Mexico Surgical Robot Market by End-User (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Surgical Robot Market by Application (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Surgical Robot Market by End-User (2018-2027 USD Mn)

 

10. Middle East and Africa Surgical Robot Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Surgical Robot Market by Application (2018-2027 USD Mn)
10.1.3. MEA Surgical Robot Market by End-User (2018-2027 USD Mn)
10.1.4. Middle East and Africa Surgical Robot Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Surgical Robot Market by Application (2018-2027 USD Mn)
10.1.4.1.2. GCC Surgical Robot Market by End-User (2018-2027 USD Mn)
10.1.4.2. Rest of MEA
10.1.4.2.1. Rest of MEA Surgical Robot Market by Application (2018-2027 USD Mn)
10.1.4.2.2. Rest of MEA Surgical Robot Market by End-User (2018-2027 USD Mn)

 

11. Company Profiles


11.1. Smith and Nephew
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Medrobotics Corporation
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Intuitive Surgical
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. TransEnterix, Inc.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Medtronic
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Renishaw, plc
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Stryker Corporation
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Zimmer Biomet
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Think Surgical, Inc.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
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