AI-based Surgical Robots Market - Global Industry Analysis

AI-based Surgical Robots Market - By Product (Services and Instruments & Accessories), By Application (Orthopedics, Gynecology, Urology, and Neurology), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 01-Jul-2021 Category: Healthcare Report Format : PDF Pages: 140 Report Code: ZMR-6442 Status : Published

The global AI-based Surgical Robots market accrued earnings worth approximately 4.5 (USD Billion) in 2019 and is predicted to gain revenue of about 9.8 (USD Billion) by 2026, is set to record a CAGR of nearly 18.3% over the period from 2020 to 2026.

Description

The global AI-based Surgical Robots market accrued earnings worth approximately 4.5 (USD Billion) in 2019 and is predicted to gain revenue of about 9.8 (USD Billion) by 2026, is set to record a CAGR of nearly 18.3% over the period from 2020 to 2026. The report offers assessment and analysis of the AI-based Surgical Robots market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Report Scope ;

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

AI-based Surgical Robots Market: Overview

Medical robots are known for major roles they play in surgeries, specifically for precisely handling surgical devices through over small incisions for varied kinds of surgical procedures. Citing an instance, Da Vinci robot, approved for use by U.S. FDA in 2000 have been utilized for performing more than six million surgeries globally till date. Furthermore, surging use of AI systems in surgeries due to its massive applications in healthcare sector will create new growth avenues for AI-based surgical robots industry. In addition to this, lucrative benefits offered by AI-based surgical robots has enhanced its popularity in medical sector in recent years.

Furthermore, first surgical robots referred as Arthrobot utilized voice commands for assisting patients during orthopaedic surgeries. Integration of robot with medical activities acts as a shielding layer between healthcare employee and patient by offering facility of physical separation. Additionally, it prevents pathogen contamination along with maintaining surgical volumes. All these aspects will make use of AI-based robots in surgeries more prevalent over the coming years.

AI-based Surgical Robots Market: Growth Factors

The utilization of AI and robots during preoperative, postoperative, and intraoperative conditions can help in reducing infection in patients while supporting patient management in surgical environments at time of huge patient influx. This, in turn, will drive AI-based surgical robots market trends. In addition to this, outbreak of COVID pandemic has forced healthcare professionals to go for contactless surgeries, thereby enlarging the scope & use of AI-based surgical robots in healthcare sector. Apart from this, AI-based robotic tools require less staff in operation theatre as compared to conventional kind of surgery. In addition to this, factors such as risk of infection in patients & doctors and limited availability of ICU beds & equipment due to COVID pandemic has generated massive need for AI-based surgical robots as they can perform surgeries in less time along with reducing infections in patients.    

Moreover, need for performing minimally invasive surgeries more proficiently has assisted AI-based surgical robots market to witness geometric growth. Growing use of AI in domain of robotic surgeries has opened new growth dimensions for AI-based surgical robots market in the recent years.

Regional Landscape

 North America To Make Notable Contributions Towards Overall Market Size By 2026

The growth of AI-based surgical robots industry in North America over forecast period is subject to large-scale presence of reputed market players in countries such as Canada and the U.S. In addition to this, start-ups have started entering the regional market and hence it will create tough competition, thereby bringing product innovations. This, in turn, will promulgate growth of AI-based surgical robots industry in North America. Apparently, rise in minimally invasive surgical procedures will propel  AI-based surgical robots market size in the sub-continent over the upcoming years.

Competitive Landscape

Key players profiled in report include Activ Surgical, Inc., Accuray Inc., CMR Surgical, Inc., Zimmer Biomet, Medtronic, plc, Intuitive Surgical, Inc., Medrobotics Corporation, Stryker Corporation, Titan Medical, Inc., and Smith and Nephew.

The global AI-based Surgical Robots  Market is segmented as follows:

By Application

  • Orthopedics
  • Gynecology
  • Urology
  • Neurology

By Product

  • Services
  • Instruments & Accessories

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. AI-based Surgical Robots Market, 2016–2026(USD Billion)
    • 2.2. AI-based Surgical Robots Market: Snapshot
  • Chapter 3. Global AI-based Surgical Robots Market– Application Analysis
    • 3.1. AI-based Surgical Robots Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. The use of AI and robots during preoperative, postoperative, and intraoperative conditions can help in minimizing infection in patients while supporting patient management in surgical environments at time of huge patient influx. This, in turn, will drive AI-based surgical robots market trends.
      • 3.2.2. Escalating use of AI in domain of robotic surgeries has opened new growth vistas for AI-based surgical robots market in the recent years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Product
  • Chapter 4. Global AI-based Surgical Robots Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global AI-based Surgical Robots Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global AI-based Surgical Robots Market– Application Analysis
    • 5.1. Global AI-based Surgical Robots Market overview: By Application
      • 5.1.1. Global AI-based Surgical Robots Market share, By Application , 2019 and 2026
    • 5.2. Orthopedics
      • 5.2.1. Global AI-based Surgical Robots Market by Orthopedics, 2016–2026(USD Billion)
    • 5.3. Gyneculogy
      • 5.3.1. Global AI-based Surgical Robots Market by Gyneculogy, 2016–2026(USD Billion)
    • 5.4. Urulogy
      • 5.4.1. Global AI-based Surgical Robots Market by Urulogy, 2016–2026(USD Billion)
    • 5.5. Neurulogy
      • 5.5.1. Global AI-based Surgical Robots Market by Neurulogy, 2016–2026(USD Billion)
  • Chapter 6. Global AI-based Surgical Robots Market– Product Analysis
    • 6.1. Global AI-based Surgical Robots Market overview: By Product
      • 6.1.1. Global AI-based Surgical Robots Market share, By Product, 2019 and 2026
    • 6.2. Services
      • 6.2.1. Global AI-based Surgical Robots Market by Services, 2016–2026(USD Billion)
    • 6.3. Instruments & Accessories
      • 6.3.1. Global AI-based Surgical Robots Market by Instruments & Accessories, 2016–2026(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Activ Surgical, Inc.
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Service Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Accuray Inc.
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Service Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. CMR Surgical, Inc.
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Service Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. Zimmer Biomet
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Service Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. Medtronic, plc
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Service Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Intuitive Surgical, Inc.
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Service Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Medrobotics Corporation
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Service Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. Stryker Corporation
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Service Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Smith and Nephew
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Service Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. Titan Medical, Inc.
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Service Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development

Table Of Figures

List of Figures

1. Market research Type
2. Market research methodology
3. Global AI-based Surgical Robots Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global AI-based Surgical Robots Marketattractiveness, By Application
6. Global AI-based Surgical Robots Marketattractiveness, By Product
7. Global AI-based Surgical Robots Marketshare by Application ,2019 and 2026 (USD Billion)
8. Global AI-based Surgical Robots Marketby Orthopedics, 2016–2026(USD Billion)
9. Global AI-based Surgical Robots Marketby Gynecology, 2016–2026(USD Billion)
10. Global AI-based Surgical Robots Marketby Urology, 2016–2026(USD Billion)
11. Global AI-based Surgical Robots Marketby , Neurology, 2016–2026
12. Global AI-based Surgical Robots Marketshare by Product ,2019 and 2026 (USD Billion)
13. Global AI-based Surgical Robots Marketby Services, 2016–2026(USD Billion)
14. Global AI-based Surgical Robots Marketby Instruments & Accessories, 2016–2026(USD Billion)
15. Global AI-based Surgical Robots Marketshare, by Region, 2019 and 2026
16. North America AI-based Surgical Robots Market, 2016–2026(USD Billion)
17. Europe AI-based Surgical Robots Market, 2016–2026(USD Billion)
18. Asia Pacific AI-based Surgical Robots Market, 2016–2026(USD Billion)
19. Latin America AI-based Surgical Robots Market, 2016–2026(USD Billion)
20. The Middle East and Africa AI-based Surgical Robots Market, 2016–2026(USD Billion)


Table Of Tables

List of Tables

1. Global AI-based Surgical Robots Market: snapshot
2. Drivers of the AI-based Surgical Robots Market: impact analysis
3. North America AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
4. North America AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
5. The U.S. AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
6. The U.S. AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
7. Rest of North America AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
8. Rest of North America AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
9. Europe AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
10. Europe AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
11. UK AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
12. UK AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
13. France AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
14. France AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
15. Germany AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
16. Germany AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
17. Rest of Europe AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
18. Rest of Europe AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
19. Asia Pacific AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
20. Asia Pacific AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
21. China AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
22. China AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
23. Japan AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
24. Japan AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
25. India AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
26. India AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
27. Rest of Asia Pacific AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
28. Rest of Asia Pacific AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
29. Latin America AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
30. Latin America AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
31. Brazil AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
32. Brazil AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
33. Rest of Latin America AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
34. Rest of Latin America AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
35. The Middle East and Africa AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
36. The Middle East and Africa AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
37. Saudi Arabia AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
38. Saudi Arabia AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
39. South Africa AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
40. South Africa AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
41. Rest of the Middle East & Africa AI-based Surgical Robots Market revenue, By Application  ,2016–2026(USD Billion)
42. Rest of the Middle East & Africa AI-based Surgical Robots Market revenue, By Product  ,2016–2026(USD Billion)
 
 

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FrequentlyAsked Questions

The utilization of AI and robots during preoperative, postoperative, and intraoperative conditions can help in reducing infection in patients while supporting patient management in surgical environments at time of huge patient influx. This, in turn, will steer AI-based surgical robots market trends. In addition to this, outbreak of COVID pandemic has compelled healthcare professionals to go for contactless surgeries, thereby enlarging the scope & use of AI-based surgical robots in healthcare sector. Apart from this, AI-based robotic tools require less staff in operation theatre as compared to conventional kind of surgery. In addition to this, factors such as risk of infection in patients & doctors and limited availability of ICU beds & equipment due to COVID pandemic has generated massive need for AI-based surgical robots as they can perform surgeries in less time along with reducing infections in patients. Moreover, need for performing minimally invasive surgeries more proficiently has assisted AI-based surgical robots market to witness geometric growth.  

According to Zion market research report, the global AI-based Surgical Robots market accrued earnings worth approximately 4.5 (USD Billion) in 2019 and is predicted to gain revenue of about 9.8 (USD Billion) by 2026, is set to record a CAGR of nearly 18.3% over the period from 2020 to 2026.

North America will contribute humungously towards the global market revenue over the estimated timeline. The regional market surge is due to large-scale presence of reputed market players in countries such as Canada and the U.S. In addition to this, start-ups have started entering the regional market and hence it will create tough competition, thereby bringing product innovations. This, in turn, will promulgate growth of AI-based surgical robots industry in North America. Apparently, rise in minimally invasive surgical procedures will propel AI-based surgical robots market size in the sub-continent over the upcoming years.

The key market participants include Activ Surgical, Inc., Accuray Inc., CMR Surgical, Inc., Zimmer Biomet, Medtronic, plc, Intuitive Surgical, Inc., Medrobotics Corporation, Stryker Corporation, Titan Medical, Inc., and Smith and Nephew.

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