Global Surgical Robots Market: Industry Size, Study, by Product , Application and Forecasts 2025

Posted October 16, 2020 by sonikashukla98

Global Surgical Robots Market is expected to grow at a CAGR of 15% during the forecast period to reach USD 13 billion by 2025.

Bharat Book Bureau Provides the Trending Market Research Report on “Global Surgical Robots Market By Component (Systems, Instruments and Accessories, Services), By Mechanism of Control (Computer Control, Direct Telemanipulator), By Application (Orthopedic Surgery, Endometriosis, General Surgery, Neurosurgery, Thoracic Surgery, Colorectal Surgery, Gynecology, Heart Surgery, Urologic Surgery and Others), By End User (Hospitals & Clinics and Ambulatory Surgical Centers), By Region, Competition, Forecast & Opportunities, 2025”under Healthcare Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Global Surgical Robots Market is expected to grow at a CAGR of 15% during the forecast period to reach USD 13 billion by 2025. The global surgical robots market is driven by the growing occurrences of degenerative and chronic diseases such as diabetes, CVD, among others. Additionally, associated benefits of surgical robots from both surgeons and patients perspectives are anticipated to propel the growth of market over the next five years. Furthermore, technological innovations & advancements and new product launches by the major manufacturers such as introduction of flexible and cost effective robots are expected to foster the growth of market until 2025.

The global surgical robots market is segmented based on component, mechanism of control, application, end user, company and region. Based on component, the market can be categorized into systems, instruments and accessories and services. The instruments and accessories segment dominated the market in 2019 and is expected to hold its dominance over the forecast period on account of extensive use of instruments and accessories in different surgical procedures. This leads to an increase in purchase of instruments and accessories for surgical robots. Furthermore, these instruments and accessories are replaced regularly after every surgical procedure, thereby driving the growth of segment. Based on end user, the market can be fragmented into hospitals & clinics and ambulatory surgical centers. Hospital & clinic segment dominated the market owing to the increasing focus on carrying out surgeries with surgical robot in order to obtain higher accuracy.

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Regionally, the surgical robots market has been segmented into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these, Asia-Pacific is expected to witness significant growth during the forecast years in the overall surgical robots market owing to the increasing patient pool in the region. Additionally, growing number of hospitals and rapid development & adoption of latest technologies in healthcare is further expected to propel the market through 2025.

Major players operating in the global surgical robots market include Intuitive Surgical, Stryker Corporation, Medtronic Plc., Smith & Nephew, Johnson & Johnson, Medrobotics Corporation, TransEnterix, Inc., Zimmer Biomet Holdings, Inc., Renishaw Plc., Think Surgical, Inc., Siemens Healthineers AG, CMR Surgical Limited, Corin Group Plc., Preceyes BV and others. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments. For instance, in March 2019, Zimmer Biomet received FDA Clearance for the ROSA ONE Spine System, which will be used for the robotically assisted surgeries. This would help in the expansion of product portfolio of the company.

Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025

Objective of the Study:
• To analyze and estimate the market size of global surgical robots market from 2015 to 2018.
• To estimate and forecast the market size of global surgical robots market from 2019 to 2025.
• To classify and forecast global surgical robots market based on component, mechanism of control, application, end user, company and regional distribution.
• To identify dominant region or segment in the global surgical robots market.
• To identify drivers and challenges for global surgical robots market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global surgical robots market.
• To identify and analyze the profile of leading players operating in global surgical robots market.
• To identify key sustainable strategies adopted by market players in global surgical robots market.

Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of manufacturers across the globe. Subsequently, Our Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research could include the manufacturers which could not be identified due to the limitations of secondary research. Our Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

Our Research calculated the market size of global surgical robots market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Our Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Our Research.

Key Target Audience:
• Surgical robots manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to surgical robots
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:
In this report, global surgical robots market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, By Component:
Instruments and Accessories

• Market, By Mechanism of Control:
Computer Control
Direct Telemanipulator

• Market, By Application:
Orthopedic Surgery
General Surgery
Thoracic Surgery
Colorectal Surgery
Heart Surgery
Urologic Surgery

• Market, By End User:
Hospitals & Clinics
Ambulatory Surgical Centers

• Market, By Region:
North America
United States

United Kingdom

South Korea

South America

Middle East & Africa
Saudi Arabia
South Africa

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global surgical robots market.
Available Customizations:
With the given market data, Our Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

Browse our full report with Table of Content :

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Tags surgical robots market
Last Updated October 16, 2020