Global Surgical Robots Market
Surgical robots consist of a magnifying high-defination-3D camera fitted at the tip of the robotic arm which provides an accurate representation of the body parts. These robots can perform complex procedures with geometrical precision, even in anatomical areas which are difficult to reach by human surgeons.
Market Drivers
The increase in adoption of minimal invasive surgeries among patients due to its added benefits such as need for shorter hospital stays by patients, compared to traditional surgery, and increasing approvals for new medical conditions is expected to drive the global surgical robots market growth throughout the forecast period. The rise in need for automation in healthcare is another driving factor which expected to drive the growth of surgical robots market across the globe. Also, the growing number of approvals granted by Food and Drug Administration to surgical robotic companies for research and development in image-guided robotic surgery & robotic automation will positively influence the market growth.For instance, Intuitive Surgical Inc had received USFDA approval for its Ion System which is designed to permit doctors to conduct minimally invasive biopsies deep within lung.
Furthermore, the increase in prevalence of chronic diseases as well as growing geriatric population are some of the prominent factors which are expected to propel the global surgical robots market growth over the forecast period. The rise in adoption & demand for surgical robots by healthcare professionals is anticipated to accelerate the market growth.
Market Restraints
High cost of robotic system is a major restraining factor which may hamper the global surgical robot market growth during this forecast period. Also, the increase in death toll & injuries due to robotic surgeries will limit the global surgical robot market growth.
Market Segmentation
The Global Surgical Robots Market is segmented into component such as Surgical System, Accessory, and Service. Further, market is segmented into application such as Orthopedics, Neurology, Gynecology, Urology, and Others.
Also, the Global Surgical Robots Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Regional Analysis
The North America is expected to register high market share in global market owing to increase in research and development activities as well as the increase in number of hospitals which are opting for robot-assisted surgeries, the growing healthcare spending by government in the region. Also, the APAC is projected to grow at a significantly highest CAGR throughout the forecast period, due to the rise in R&D activities for the treatment of cancer and other chronic diseases. Moreover, Europe is expected to lose market share during this forecast period, while MEA is expected to gain market share over the forecast period.
Key Players
Various key players are discussed in this report such as Stryker Corporation, Intuitive Surgical, Medrobotics Corporation, Auris Health, Inc, Zimmer Biomet, Smith & Nephew, Verb Surgical Inc, SRI International Inc., Accuray Incorporated, Think Surgical Inc., etc.
Market Taxonomy
By Component
By Application
By Region
Key Questions Addressed by the Report
Global Surgical Robots 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 Surgical Robots Market 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 Surgical Robots Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Surgical Robots Market Share Analysis, By Component
5.3 Global Surgical Robots Market Size and Forecast, By Component
5.3.1 Surgical System
5.3.2. Accessory
5.3.3. Service
6 Global Surgical Robots Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Surgical Robots Market Share Analysis, By Application
6.3 Global Surgical Robots Market Size and Forecast, By Application
6.3.1 Orthopedics
6.3.2. Neurology
6.3.3. Gynecology
6.3.4. Urology
6.3.5. Others
7Global Surgical Robots Market, By Region
7.1 Global Surgical Robots Market Share Analysis, By Region
7.2 Global Surgical Robots Market Share Analysis, By Region
7.3 Global Surgical Robots Market Size and Forecast, By Region
8North America Surgical Robots Market Analysis and Forecast (2020 – 2030)
8.1 Introduction
8.2 North America Surgical Robots Market Share Analysis, By Component
8.3 North America Surgical Robots Market Size and Forecast, By Application
8.4 North America Surgical Robots Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Surgical Robots Market Analysis and Forecast (2020 – 2030)
9.1 Introduction
9.2 Europe Surgical Robots Market Share Analysis, By Component
9.3 Europe Surgical Robots Market Size and Forecast, By Application
9.4 Europe Surgical Robots Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Surgical Robots Market Analysis and Forecast (2020 – 2030)
10.1 Introduction
10.2 Asia Pacific Surgical Robots Market Share Analysis, By Component
10.3 Asia Pacific Surgical Robots Market Size and Forecast, By Application
10.4 Asia Pacific Surgical Robots Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Surgical Robots Market Analysis and Forecast (2020 – 2030)
11.1 Introduction
11.2 Latin America Surgical Robots Market Share Analysis, By Component
11.3 Latin America Surgical Robots Market Size and Forecast, By Application
11.4 Latin America Surgical Robots Market Size and Forecast, By Country
12Middle East Surgical Robots Market Analysis and Forecast (2020 – 2030)
12.1 Introduction
12.2 Middle East Surgical Robots Market Share Analysis, By Component
12.3 Middle East Surgical Robots Market Size and Forecast, By Application
12.4 Middle East Surgical Robots Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Stryker Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Intuitive Surgical
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Medrobotics Corporation
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Auris Health, Inc
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Zimmer Biomet
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Smith & Nephew
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Verb Surgical Inc
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 SRI International Inc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Accuray Incorporated
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Think Surgical Inc
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
