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Surgical Robots Market by Component (Surgical System, Accessories, and Service) by Application (Gynecological, Cardiovascular, Neurosurgery, Laparoscopy, Urology and Others) and by End-users (Hospitals and Ambulatory Surgical Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2024

Published Date: 28-Nov-2018 Category: Healthcare Report Format : PDF Pages: 130 Report Code: ZMR-3561 Status : Published

Global surgical robots market expected to generate revenue of around USD 8,717.5 million by 2024, growing at a CAGR of around 10.5% between 2018 and 2024. Increasing awareness about robot-assisted minimally invasive procedures is making the surgeons opt for surgical robots.

Description

The report covers forecast and analysis for the surgical robots market on a global and regional level. The study provides historical data for 2016 and 2017 along with a forecast from 2018 to 2024 based revenue (USD Million). The study includes drivers and restraints for the surgical robots market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the surgical robots market on a global level.

In order to give the users of this report a comprehensive view of the surgical robots market, we have included a competitive landscape and an analysis of Porter’s Five Forces Model for the market. The study encompasses a market attractiveness analysis, wherein component segment, application and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Surgical Robots Market

The report provides a company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and component portfolio of various companies according to the regions.

The study provides a decisive view of the surgical robots market by segmenting the market based on component, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on the component, the market is segmented into a surgical system, accessories, and service. Based on application, the market is segmented into gynecological, cardiovascular, neurosurgery, laparoscopy, and urology. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further fragmentation into major countries including the U.S., Rest of North America, U.K., Germany, France, Italy, Spain, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, Brazil, Rest of Latin America, GCC Countries, South Africa, and Rest of Middle East and Africa. This segmentation includes the demand for surgical robots market based on individual components and applications in all the regions and countries.

This report also includes the detailed profiles of various end players, such as Auris Surgical Robotics, Inc. (Hansen Medical Inc.), KUKA AG, Stryker Corporation (MAKO Surgical Corp.), Smith & Nephew Plc. (Blue Belt Technologies, Inc.), Medtronic plc, Intuitive Surgical, Inc., Renishaw plc, Mazor Robotics, THINK Surgical Inc., and Zimmer Biomet Holdings Inc.

This report segments the global surgical robots market as follows:

Global Surgical Robots Market: Component Segment Analysis

  • Surgical System
  • Accessories
  • Service

Global Surgical Robots Market: Application Segment Analysis

  • Gynecological
  • Cardiovascular
  • Neurosurgery
  • Laparoscopy
  • Urology
  • Others

Global Surgical Robots Market: End-user Segment Analysis

  • Hospitals
  • Ambulatory Surgical Centers

Global Surgical Robots Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Surgical robots market, 2017 - 2024(USD Million)
    • 2.2. Global Surgical robots market: snapshot
  •  
  • Chapter 3. Surgical robots Market- Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Surgical robots market drivers: impact analysis
      • 3.2.2. Advantages Offered By Robot-Assisted Surgeries
      • 3.2.3. Technological Advancements
      • 3.2.4. Increase in Funding for surgical Robots Research
    • 3.3. Market Restraints
      • 3.3.1. Global Surgical robots market restraints: impact analysis
      • 3.3.2. Safety Concerns Over Robotic Surgery Devices
    • 3.4. Opportunities
      • 3.4.1. Rising Patient Preference for Minimally Invasive Surgeries
    • 3.5. Porter's five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by component segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by End-user segmentMarket attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Surgical robots Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Surgical robots market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
    • 4.3. Price trend analysis
  •  
  • Chapter 5. Global Surgical robots Market- Component Segment Analysis
    • 5.1. Global Surgical robots market: component overview
      • 5.1.1. Global Surgical robots market revenue share, by component, 2017 and 2024
    • 5.2. Surgical system
      • 5.2.1. Global Surgical robots market for Surgical system market, 2017 - 2024(USD Million)
    • 5.3. Accessories
      • 5.3.1. Global Surgical robots market for Accessories market, 2017 - 2024(USD Million)
    • 5.4. Service
      • 5.4.1. Global Surgical robots market for Service market, 2017 - 2024(USD Million)
  •  
  • Chapter 6. Global Surgical robots Market- Application Segment Analysis
    • 6.1. Global Surgical robots market: Application overview
      • 6.1.1. Global Surgical robots market revenue share, by Application, 2017 and 2024
    • 6.2. Gynecological
      • 6.2.1. Global Surgical robots market for Gynecological2017 - 2024(USD Million)
    • 6.3. Cardiovascular
      • 6.3.1. Global Surgical robots market for Cardiovascular2017 - 2024(USD Million)
    • 6.4. Neurosurgery
      • 6.4.1. Global Surgical robots market for Neurosurgery,2017 - 2024(USD Million)
    • 6.5. Laparoscopy
      • 6.5.1. Global Surgical robots market for Laparoscopy,2017 - 2024(USD Million)
    • 6.6. Urology
      • 6.6.1. Global Surgical robots market for Urology,2017 - 2024(USD Million)
    • 6.7. Other
      • 6.7.1. Global Surgical robots market for Other,2017 - 2024(USD Million)
  •  
  • Chapter 7. Global Surgical robots Market- End-users Segment Analysis
    • 7.1. Global Surgical robots market: End-user overview
      • 7.1.1. Global Surgical robots market revenue share, by End-user, 2017 and 2024
    • 7.2. Hospitals
    • 7.3. Global Surgical robots market for Hospitals 2017 - 2024(USD Million)Ambulatory Surgical Centers
      • 7.3.1. Global Surgical robots market for Ambulatory Surgical Centers 2017 - 2024(USD Million)
  •  
  • Chapter 8. Global Surgical robots Market- Regional Segment Analysis
    • 8.1. Global Surgical robots market: regional overview
      • 8.1.1. Global Surgical robots market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America Surgical robots market revenue, by component, 2017 - 2024(USD Million)
      • 8.2.2. North America Surgical robots market revenue, by application, 2017 - 2024(USD Million)
      • 8.2.3. North America Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.2.4. The U.S.
        • 8.2.4.1. The U.S. Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.2.4.2. The U.S. Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.2.4.3. The U.S. Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.2.5. Rest of North America
        • 8.2.5.1. Rest of North America Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.2.5.2. Rest of North America Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.2.5.3. Rest of North America Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
    • 8.3. Europe
      • 8.3.1. Europe Surgical robots market revenue, by component, 2017 - 2024(USD Million)
      • 8.3.2. Europe Surgical robots market revenue, by application, 2017 - 2024(USD Million)
      • 8.3.3. Europe Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.3.4. U.K.
        • 8.3.4.1. U.K. Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.3.4.2. U.K. Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.3.4.3. U.K. Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.3.5. Germany
        • 8.3.5.1. Germany Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.3.5.2. Germany Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.3.5.3. Germany Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.3.6. France
        • 8.3.6.1. France Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.3.6.2. France Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.3.6.3. France Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.3.7. Italy
        • 8.3.7.1. Italy Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.3.7.2. Italy Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.3.7.3. Italy Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.3.8. Spain
        • 8.3.8.1. Spain Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.3.8.2. Spain Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.3.8.3. Spain Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.3.9. Rest of Europe
        • 8.3.9.1. Rest of Europe Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.3.9.2. Rest of Europe Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.3.9.3. Rest of Europe Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Surgical robots market revenue, by component, 2017 - 2024(USD Million)
      • 8.4.2. Asia Pacific Surgical robots market revenue, by application, 2017 - 2024(USD Million)
      • 8.4.3. Asia Pacific Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.4.4. China
        • 8.4.4.1. China Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.4.4.2. China Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.4.4.3. China Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.4.5.2. Japan Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.4.5.3. Japan Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.4.6. India
        • 8.4.6.1. India Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.4.6.2. India Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.4.6.3. India Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.4.7. Southeast Asia
        • 8.4.7.1. Southeast Asia Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.4.7.2. Southeast Asia Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.4.7.3. Southeast Asia Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.4.8. Rest of Asia Pacific
        • 8.4.8.1. Rest of Asia Pacific Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.4.8.2. Rest of Asia Pacific Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.4.8.3. Rest of Asia Pacific Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America Surgical robots market revenue, by component, 2017 - 2024(USD Million)
      • 8.5.2. Latin America Surgical robots market revenue, by application, 2017 - 2024(USD Million)
      • 8.5.3. Latin America Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.5.4.2. Brazil Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.5.4.3. Brazil Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.5.5. Rest of Latin America
        • 8.5.5.1. Rest of Latin America Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.5.5.2. Rest of Latin America Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.5.5.3. Rest of Latin America Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa Surgical robots market revenue, by component, 2017 - 2024(USD Million)
      • 8.6.2. The Middle East and Africa Surgical robots market revenue, by application, 2017 - 2024(USD Million)
      • 8.6.3. The Middle East and Africa Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.6.4. GCC Countries
        • 8.6.4.1. GCC Countries Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.6.4.2. GCC Countries Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.6.4.3. GCC Countries Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.6.5. South Africa
        • 8.6.5.1. South Africa Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.6.5.2. South Africa Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.6.5.3. South Africa Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
      • 8.6.6. Rest of the Middle East and Africa
        • 8.6.6.1. Rest of the Middle East and Africa Surgical robots market revenue, by component, 2017 - 2024(USD Million)
        • 8.6.6.2. Rest of the Middle East and Africa Surgical robots market revenue, by application, 2017 - 2024(USD Million)
        • 8.6.6.3. Rest of the Middle East and Africa Surgical robots market revenue, by end-user, 2017 - 2024(USD Million)
  •  
  • Chapter 9. Company Profile
    • 9.1. Auris Surgical Robotics, Inc.
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Therapy portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. KUKA AG
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Therapy portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Stryker Corporation
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Therapy portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Smith & Nephew Plc.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Therapy portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Medtronic plc
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Therapy portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Intuitive Surgical, Inc.
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Therapy portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Renishaw Plc
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Therapy portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Mazor Robotics
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Therapy portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. THINK Surgical Inc.
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Therapy portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Zimmer Biomet Holdings Inc.
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Therapy portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Methodology

Free Analysis

The use of surgical robots is a revolutionary step in the surgical arena. Since the last several decades, general surgery has been shifting toward minimally invasive methods that were typically executed though large, open incisions. The previous belief in the surgical domain that “big incision is required for a big surgery” no longer holds true. Surgical robots are used for robotic surgeries, which are also known as minimally invasive surgeries. In late 1990’s, the pioneer robot-based surgery was introduced in clinical practice, which made a significant impact related to conventional laparoscopic surgery on the modern surgical practice. The major benefit of robotic surgeries is their ability to overcome the challenges and limitations of conventional minimally invasive procedures. In 1992, the Integrated Surgical Systems introduced ROBODOC to the femur for hip replacement accurately with precise fitting. Furthermore, the Da Vinci Surgical System was introduced by Intuitive Surgical and AESOP by Computer Motion and the ZEUS robotic surgical system.

Healthcare providers are challenged with increasing patient numbers and growing complexities in surgical procedures. Thus, to reduce these operational challenges, majority of healthcare providers are embracing robotic process automation to overcome these challenges, offer enhanced efficiency, and contribute to the development of the healthcare sector. Moreover, the precision and flexibility offered by robotic surgeries and rising demand for non-invasive surgeries are prominently driving the market growth during the forecast time period.

Global Surgical Robots Market

The surgical robots market is segmented based on component, applications and end-users. By component, the market is segmented into surgical system, accessories, and service. The accessories segment is anticipated to hold the largest market share, due to the recurrent sales of accessories for surgical robotic systems and the demand for highly effective and efficient components that are easily replaceable. By application, the market is segmented into gynecological, cardiovascular, neurosurgery, laparoscopy, and urology. The urology segment is likely to grow at a significant CAGR in the global surgical robots market, owing to high adoption of robotic surgeries for urology surgical procedures and upsurge in the prostatectomy procedures worldwide. By end-users the market is bifurcated into hospitals and ambulatory surgical centers.

North America dominated the surgical robots market in 2017 and is estimated to continue its regional dominance over the forthcoming years. This is due to the high adoption of robotic surgeries, high awareness and acceptance rates among patients, and advanced healthcare infrastructure. Asia Pacific is anticipated to grow at a noteworthy CAGR by 2026. The increasing acceptance of robotic surgeries, growing government support, and a large patient pool are anticipated to drive the surgical robots market in Asia Pacific in the forecast timeframe.

Some key players in the surgical robots market are Auris Surgical Robotics, Inc. (Hansen Medical Inc.), KUKA AG, Stryker Corporation (MAKO Surgical Corp.), Smith & Nephew Plc. (Blue Belt Technologies, Inc.), Medtronic plc, Intuitive Surgical, Inc., Renishawplc, Mazor Robotics, THINK Surgical Inc., and Zimmer Biomet Holdings Inc., among others.

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