Global Microsurgical Robot Market
The Global Microsurgical Robot Market was valued at US$ 1.2 billion in 2021 and it is expected to reach at US$ 2.7 billion in 2027 at a CAGR of 11.2% during forecast period 2022-2027.
Microsurgeries, which include intracorporal and extracorporeal surgical operations, are carried out by micro-surgical robots. Robots can help in more flexible and accurate complex surgical procedures than is achievable with traditional techniques. Small incisions are used during minimally invasive surgical operations by microsurgical robots. Fewer complications, minor scarring, less blood loss, and faster healing are benefits of microsurgical robots.
Market Drivers
The demand for minimally invasive procedures will drive the expansion of the microsurgery robot market. Due to their many benefits, including smaller incisions, quicker healing, and shorter hospital stays, minimally invasive operations are becoming more and more popular and widely used, which is boosting market demand. Due to their sophisticated characteristics, microsurgery robots improve patient outcomes. For instance, 3D imaging cameras on surgical robots provide both enhanced imaging and magnification. Robotic arms also enable better dexterity and remove hand tremors.
Market Restraints
The development of the market may be hampered by elements like high production costs and a lack of knowledge about robotic surgery in undeveloped nations. Additionally, there are risks associated with it, some of which may be comparable to those of traditional open surgery, such as a slight risk of infection and other problems.
Market Segmentation
The global microsurgical robot market segmented into component, application and end user. By component it segmented into instruments and accessories. By application it segmented into urology surgery, plastic reconstructive surgery, ophthalmic surgery, neurosurgery, lymphatic surgery, ENT surgery, and others. By end user it segmented into hospitals & clinics, ambulatory surgical centers, research institutes, and others.
Regional Analysis
The global microsurgical robot market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The global market for microsurgery robots has the highest revenue share in North America. Due to consumers' high levels of disposable income and willingness to pay for robotic surgery, the United States dominates the industry in this region. Due to increased research and development into microsurgery robots, the market is predicted to rise significantly in Asia Pacific.
Key Players
Various key players are listed in this report such as MMI S.p.A., Microsure B.V.,Stryker Corporation, Intuitive Surgical, Inc., Medtronic; Galen Robotics, Inc., Asensus Surgical, Inc., Zimmer Biomet, Titan Medical Inc., and ForSight Robotics LTD.
Market Taxonomy
By Component
By Application
By End User
Key Question Addressed by the Report
Global Microsurgical Robot Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Microsurgical Robot Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Microsurgical Robot Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Microsurgical Robot Market Share Analysis, By Component
5.3 Global Microsurgical Robot Market Size and Forecast, By Component
5.3.1 Instruments
5.3.2 Accessories
6 Global Microsurgical Robot Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Microsurgical Robot Market Share Analysis, By Application
6.3 Global Microsurgical Robot Market Size and Forecast, By Application
6.3.1 Urology Surgery
6.3.2 Plastic Reconstructive Surgery
6.3.3 Ophthalmic Surgery
6.3.4 Neurosurgery
6.3.5 Lymphatic Surgery
6.3.6 ENT surgery
6.3.7 Others
7 Global Microsurgical Robot Market, By Function
7.1 Y-o-Y Growth Comparison, By Function
7.2 Global Microsurgical Robot Market Share Analysis, By Function
7.3.1 Hospitals & Clinics
7.3.2 Ambulatory Surgical Centers
7.3.3 Research Institutes
8 Global Microsurgical Robot Market, By Region
8.1 Global Microsurgical Robot Market Share Analysis, By Region
8.2 Global Microsurgical Robot Market Share Analysis, By Region
9 North America Microsurgical Robot Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Microsurgical Robot Market Share Analysis, By Component
9.3 North America Microsurgical Robot Market Size and Forecast, By Application
9.4 North America Microsurgical Robot Market Size and Forecast, By Function
9.5 North America Microsurgical Robot Market Size and Forecast, By Country
9.5.1 U.S
9.5.2 Canada
9.5.3 Mexico
10 Europe Microsurgical Robot Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Microsurgical Robot Market Share Analysis, By Component
10.3 Europe Microsurgical Robot Market Size and Forecast, By Application
10.4 Europe Microsurgical Robot Market Size and Forecast, By Function
10.5 Europe Microsurgical Robot Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Microsurgical Robot Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Microsurgical Robot Market Size and Forecast, By Component
11.3 Asia Pacific Microsurgical Robot Market Size and Forecast, By Application
11.4 Asia Pacific Microsurgical Robot Market Size and Forecast, By Function
11.5 Asia Pacific Microsurgical Robot Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Microsurgical Robot Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Microsurgical Robot Market Size and Forecast, By Component
12.3 Latin America Microsurgical Robot Market Size and Forecast, By Application
12.4 Latin America Microsurgical Robot Market Size and Forecast, By Function
12.5 Latin America Microsurgical Robot Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2. Rest of Latin America
13 Middle East Microsurgical Robot Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle Microsurgical Robot Market Share Analysis, By Component
13.3 Middle Microsurgical Robot Market Size and Forecast, By Application
13.4 Middle Microsurgical Robot Market Size and Forecast, By Function
13.5 Middle Microsurgical Robot Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1. MMI S.p.A.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Development
15.1.6 Key Strategies
15.2. Microsure B.V.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Stryker Corporation
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. Intuitive Surgical, Inc.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. Medtronic
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. Galen Robotics, Inc.
15.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. Asensus Surgical, Inc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8. Zimmer Biomet
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9. Titan Medical Inc.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10. ForSight Robotics LTD
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
