Surgical Robots Market Forecasts to 2028 – Global Analysis By Control Mechanism (Direct Telemanipulator, Computer Control), Application (Adults, Geriatrics), End User (Ambulatory Surgery Centers, Hospitals) and By Geography
According to Stratistics MRC, the Global Surgical Robots Market is accounted for $5.44 billion in 2020 and is expected to reach $22.78 billion by 2028 growing at a CAGR of 19.6% during the forecast period. The rise in funding for medical robot research, technological advancements and increasing adoption of surgical robots are driving the market growth. However, the high cost of robotic systems and lack of skilled professionals are hampering the growth of the market.
Surgical robots are advanced medical devices with robotic arms and instruments attached to them. Robotic surgery is a type of minimally invasive surgery which utilizes robotics for performing surgical procedures. These robotic systems are operated by surgeons and consist of miniaturized surgical instruments which are mounted on robotic arms, thus allowing surgeons to perform the surgeries precisely.
Based on the end user, the hospitals segment is going to have lucrative growth during the forecast period due to the high number of inpatient visits, an increasing number of surgical procedures, improving and better hospital infrastructure and skilled healthcare personnel in the developed regions and developing infrastructure the scenario in emerging economies. By geography, North America is going to have high growth during the forecast period owing to the availability of funding for R&D in surgical robots in this region and the increasing adoption of surgical robots for pediatric surgeries in Canada and general surgery procedures in the US.
Some of the key players profiled in the Surgical Robots Market include Verb Surgical, Titan Medical, Auris Health, Stryker Corporation, Medtronic, Renishaw, Preceyes BV, OMNIlife Science, Microsure, avateramedical Gmbh, CMR Surgical, Medrobotics Corporation, Intuitive Surgical, Corindus Vascular Robotics, Zimmer Biomet, Smith & Nephew, Asensus Surgical, Think Surgical and China National Scientific Instruments And Materials Corporation (CSIMC).
Estimated Market Size in 2020:
USD 5.44 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 22.78 billion
Tables, Graphs& Figures
Surgery Type, Control Mechanism, Product and Service, Mode of Application, Brand, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Surgery Types Covered:
• Urological Surgery
• ENT (Ear, Nose, and Throat) Surgery
• Spinal Surgery
• Robotic Radiosurgery System
• General Surgery
• Orthopedic Surgery
• Interventional Cardiology
• Head and Neck Surgery
• Gynecological Surgery
• Thoracic Surgery
• Radical Prostatectomy
• Colorectal Surgery
• Heart Surgery
Control Mechanisms Covered:
• Direct Telemanipulator
• Computer Control
Products and Services Covered:
• Instruments and Accessories
• Robotic Systems
• Services (Maintenance & Upgradation)
Mode of Applications Covered:
• Minimal Invasive
• Open Surgery
• Mako Rio
• DA Vinci Surgical System
End Users Covered:
• Ambulatory Surgery Centers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Surgical Robots Market is majorly driven by rising adoption of surgical robots, increase in funding for medical robot research and technological advancements.
The neurosurgery segment is growing at a highest CAGR as remarkable credentials associated with the neurosurgery procedures deliver successful outcomes and reduce the limitations associated with traditional neurosurgery methods.
North America dominated with a significant market share due to the presence of international players, ongoing developments in robotics, and the demand for minimally invasive surgeries to reduce the post-operative period.
Asia Pacific region is growing at a highest CAGR owing to the improvements in the development of instruments, rising adoption of robotic technologies in the region, along with rising awareness regarding robotic surgeries and their benefits.
Key players in Surgical Robots Market include Verb Surgical, Titan Medical, Auris Health, Stryker Corporation, Medtronic, Renishaw, Preceyes BV, OMNIlife Science, Microsure, avatera medical Gmbh, CMR Surgical, Medrobotics Corporation, Intuitive Surgical, Corindus Vascular Robotics, Zimmer Biomet, Smith & Nephew, Asensus Surgical, Think Surgical and China National Scientific Instruments And Materials Corporation (CSIMC).
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