KEY FINDINGS
The global surgical robotics market is estimated to project a CAGR of 10.73% during the forecast period, 2021-2028. The rising number of robotics in the healthcare industry, the growing geriatric population, and artificial intelligence, and other technological advancements, contribute to market growth.
MARKET INSIGHTS
Incorporating robots into surgical care is becoming an efficient tool in combating pathogen contamination and maintaining surgical volumes. They offer benefits like a shorter hospital stay, swift recovery, and reduced operative time. Several robotic surgical systems like Versius Surgical System are impacting robotic surgeries.
Robots are increasingly deployed in the healthcare industry, given their technological capabilities and reduced costs. The rising adoption of 5G networks and artificial intelligence solutions has offered growth opportunities for healthcare agencies. Several major manufacturers are prioritizing R&D efforts for robotic surgical systems. For instance, Anybots develops remote-controlled medical robots that interact with their patients and keep track of their living conditions. Such factors drive global market growth. However, the lack of training in robotic surgeries, safety & security, and surgical robots' high cost restrain the market growth.
REGIONAL INSIGHTS
The global surgical robotics market is regionally segmented into North America, Asia-Pacific, Europe, and Rest of World for growth assessment. Asia-Pacific is projected to record the highest CAGR, attributed to the increasing use of robotic healthcare products and technological advancements in robotics.
COMPETITIVE INSIGHTS
Many well-established companies are acquiring smaller companies to expand their product portfolio. Some of the prominent companies in the market include Stryker Corporation, Asensus Surgical Inc, Intuitive Surgical Inc, Medtronic Plc, Zimmer Biomet Holdings Inc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. ARTIFICIAL INTELLIGENCE AND OTHER TECHNOLOGICAL ADVANCEMENTS
3.1.2. INCREASED ADOPTION OF ROBOTICS IN HEALTHCARE INDUSTRY
3.1.3. INCREASING GERIATRIC POPULATION
3.2. KEY RESTRAINTS
3.2.1. HIGHER COST OF SURGICAL ROBOTS
3.2.2. SAFETY AND SECURITY
3.2.3. LACK OF TRAINING IN ROBOTIC SURGERIES
4. KEY ANALYTICS
4.1. IMPACT OF COVID-19 ON SURGICAL ROBOTICS MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER’S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
5. MARKET BY PRODUCT & SERVICE
5.1. ROBOTIC SYSTEMS
5.2. INSTRUMENTS & ACCESSORIES
5.3. SERVICES
6. MARKET BY APPLICATION
6.1. GYNECOLOGICAL SURGERY
6.2. UROLOGICAL SURGERY
6.3. NEUROSURGERY
6.4. ORTHOPEDIC SURGERY
6.5. GENERAL SURGERY
6.6. OTHER APPLICATIONS
7. MARKET BY END-USER
7.1. HOSPITALS
7.2. AMBULATORY SURGERY CENTERS
8. GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1. MARKET SIZE & ESTIMATES
8.1.2. KEY DRIVERS
8.1.3. KEY CHALLENGES
8.1.4. KEY PLAYERS
8.1.5. COUNTRY ANALYSIS
8.1.5.1. UNITED STATES
8.1.5.2. CANADA
8.2. EUROPE
8.2.1. MARKET SIZE & ESTIMATES
8.2.2. KEY DRIVERS
8.2.3. KEY CHALLENGES
8.2.4. KEY PLAYERS
8.2.5. COUNTRY ANALYSIS
8.2.5.1. UNITED KINGDOM
8.2.5.2. GERMANY
8.2.5.3. FRANCE
8.2.5.4. ITALY
8.2.5.5. RUSSIA
8.2.5.6. BELGIUM
8.2.5.7. POLAND
8.2.5.8. REST OF EUROPE
8.3. ASIA-PACIFIC
8.3.1. MARKET SIZE & ESTIMATES
8.3.2. KEY DRIVERS
8.3.3. KEY CHALLENGES
8.3.4. KEY PLAYERS
8.3.5. COUNTRY ANALYSIS
8.3.5.1. CHINA
8.3.5.2. JAPAN
8.3.5.3. INDIA
8.3.5.4. SOUTH KOREA
8.3.5.5. INDONESIA
8.3.5.6. THAILAND
8.3.5.7. VIETNAM
8.3.5.8. AUSTRALIA & NEW ZEALAND
8.3.5.9. REST OF ASIA-PACIFIC
8.4. REST OF THE WORLD
8.4.1. KEY DRIVERS
8.4.2. KEY CHALLENGES
8.4.3. KEY PLAYERS
8.4.4. REGIONAL ANALYSIS
8.4.4.1. LATIN AMERICA
8.4.4.2. MIDDLE EAST & AFRICA
9. COMPETITIVE LANDSCAPE
9.1. KEY STRATEGIC DEVELOPMENTS
9.1.1. MERGERS & ACQUISITIONS
9.1.2. PARTNERSHIPS & AGREEMENTS
9.2. COMPANY PROFILES
9.2.1. ACCURAY INCORPORATED
9.2.2. ASENSUS SURGICAL INC
9.2.3. AURIS HEALTH INC
9.2.4. CMR SURGICAL
9.2.5. GLOBUS MEDICAL INC
9.2.6. INTUITIVE SURGICAL INC
9.2.7. MEDROBOTICS CORPORATION
9.2.8. MEDTRONIC PLC
9.2.9. SMITH & NEPHEW PLC
9.2.10. STEREOTAXIS INC
9.2.11. STRYKER CORPORATION
9.2.12. SYNAPTIVE MEDICAL INC
9.2.13. THINK SURGICAL INC
9.2.14. TITAN MEDICAL INC
9.2.15. ZIMMER BIOMET HOLDINGS INC
1. ACCURAY INCORPORATED
2. ASENSUS SURGICAL INC
3. AURIS HEALTH INC
4. CMR SURGICAL
5. GLOBUS MEDICAL INC
6. INTUITIVE SURGICAL INC
7. MEDROBOTICS CORPORATION
8. MEDTRONIC PLC
9. SMITH & NEPHEW PLC
10. STEREOTAXIS INC
11. STRYKER CORPORATION
12. SYNAPTIVE MEDICAL INC
13. THINK SURGICAL INC
14. TITAN MEDICAL INC
15. ZIMMER BIOMET HOLDINGS INC
