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  • Published On : Jul 2022
  • Code : CMI496
  • Industry : Medical Devices
  • Pages : 172
  • Formats :

Surgical robots consist of a camera arm and mechanical arms with surgical instruments, which are controlled by surgeons on computer console that offers high definition and magnified 3-D view of the surgical site. Surgical robots aid in performing various complex surgical procedures with more flexibility, precision, and control than conventional surgical procedures.

Global surgical robots market is estimated to be valued at US$ 5,721.6 million in 2022 and is expected to exhibit a CAGR of 13.4% during the forecast period (2022-2030).

Figure 1.Global Surgical Robots Market Share (%) in Terms of Value, by Product Type, 2022

Surgical Robots  | Coherent Market Insights

Increasing demand for minimally invasive surgeries is expected to drive growth of the surgical robots market.

Advancements in surgical products and technologies has led to shift from conventional surgeries to minimally invasive surgeries. The usage of robotic technology in conducting minimally invasive surgeries has brought significant changes in surgical procedures. Surgical robots aid in making smaller incisions, leading to rapid recovery of patients with shorter hospital stays. In addition to this, surgical robots enhance the accuracy and precision in surgical procedures and are able to easily reach under soft tissues to operate on organs that otherwise require an open surgery. Therefore, these are ideal in minimally invasive surgeries, which is expected to be a factor driving growth of the surgical robotics market.

Increase in surgical procedures is expected to support growth of the surgical robots market over the forecast period. For instance, according the ASPS (American Society of Plastic Surgeons), annual plastic surgery statistics report, there were more than 17.7 million surgical and minimally invasive cosmetic procedures were performed in the U.S. in 2018.

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Surgical Robots Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 5,721.6 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 13.4% 2030 Value Projection: US$ 15,700.5 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Instruments & Accessories, Robotic Systems (Da Vinci Surgical System, Rosa, Mako Rio, Robodoc, Others)
  • By Surgery: Gynecology Surgery, General Surgery, Urology Surgery, Cardiovascular Surgery, Neurosurgery Surgery, Orthopedic Surgery, Other Surgeries 
Companies covered:

Intuitive Surgical, Think Surgical, Asensus Surgical US, Inc., Zimmer Biomet, Stryker, Smith & Nephew, Novus Health Products, and Medtronic

Growth Drivers:
  • Increasing demand for minimally invasive surgeries
  • Advancements in technology in the surgical robotic systems 
Restraints & Challenges:
  • Problems  associated with robotic-assisted surgery which includes high risk of infection, bleeding, and cardiopulmonary risks of anesthesia
  • Human errors in operating the technology and risks of mechanical failure

Figure 2.Global Surgical Robots Market Share (%), by Region, 2022

Surgical Robots  | Coherent Market Insights

Advancements of technology in surgical robotic systems are expected to drive market growth during the forecast period.

Advancements of technology in surgical robotic systems have efficiently brought down costs of medical care by eliminating human error, reducing operating time and preserving staff for other critical procedures. Surgical robots enable better flexibility than human hands by using a joystick, which imitates surgeons hand movements with the robotic instruments.

Manufacturers are focusing on upgrading their robotic instruments and accessories with features such as ability of high power computing and minute level precision with introduction of flexible and agile robots to perform minimally invasive surgery. This is expected to aid them in gaining a competitive edge in market. For instance, in February 2022, Medtronic, a leader in healthcare technology, and OLV Hospital Aalst, a healthcare and hospital company, announced that the first clinical procedure involving the Hugo robotic-assisted surgery (RAS) system was performed in Europe. The Hugo RAS system is Medtronic's solution to historic cost and utilization barriers and is a modular and multi-quadrant platform designed for a broad range of soft-tissue procedures

Global Surgical Robots Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, UAE, Egypt, and others, faced problems with regard to the transportation of products from one place to another.

However, the COVID-19 pandemic had a positive impact on the surgical robots market, owing to the ability of robots to minimize contact between healthcare workers and patients. For instance, according to an article published by Springer Nature Limited, in October 2020, the use of robots can aid in reducing contact between the patient and healthcare provider. Contactless robotic surgery with remote supervision sparing the presence of healthcare providers in the surgical room represents the ultimate scenario to reduce pathogen spread. An emerging technology towards this goal is magnetic navigation systems (MNS). In such systems, magnets placed external to the patient’s body are used to guide a surgical probe equipped with a magnetic tip.

Thus, due to various advantages offered by surgical robots such as limiting the contact of healthcare providers and patients and limiting contamination and pathogen spread, the COVID-19 pandemic had a positive impact on the global surgical robots market

Global Surgical Robots Market: Key Developments

On June 7, 2022, SpineGuard, an innovative company that deploys its DSG (Dynamic Surgical Guidance) sensing technology to secure and streamline the placement of bone implants, announced a new three-year collaboration program with two labs of Sorbonne University Centre National de la Recherche Scientifique (CNRS) and Inserm: the ISIR (Institute for intelligent systems and robotics), a multidisciplinary research laboratory, and LIB (Laboratory for biomedical imaging). This collaboration will associate the DSG Technology of SpineGuard with ultrasound and serve surgical robots

In May 2022, Kokilaben Dhirubhai Ambani Hospital, Mumbai, India announced the launch of its third da Vinci robotic surgical system, making it the first and only hospital in the country with three da Vinci robots.

Global Surgical Robots Market: Restraint

The major factors that hinder growth of the global surgical robots market include problems associated with robotic-assisted surgery which includes high risk of infection, bleeding, and cardiopulmonary risks of anesthesia and human errors in operating the technology and risks of mechanical failure

Key Players

Major players operating in the global surgical robots market include Intuitive Surgical, Think Surgical, Asensus Surgical US, Inc., Zimmer Biomet, Stryker, Smith & Nephew, Novus Health Products, and Medtronic.

Surgical robots are primarily preferred in minimally invasive surgery procedures, which are performed through tiny or small incisions. Moreover, the use of surgical robots enables surgeons to perform delicate and complex procedures, which could be difficult or impossible through other methods. Increasing demand for minimally invasive surgeries for application in orthopedics, neurosurgery, gynecology, urology, and cardiovascular applications is a major factor for driving growth of market. Advancement in technologies and techniques for treatment of patients through minimally invasive methods is another factor favoring growth of the surgical robots market. Surgical robots aid in reducing pain due to small incision made over the traditional cuts and also reduce hospital stays of patients

Problems associated with robotic-assisted surgery are similar to those associated with open surgery, which includes high risk of infection, bleeding, and cardiopulmonary risks of anesthesia. Furthermore, robotic surgery could lead to death of the patient, owing to human errors in operating the technology and risks of mechanical failure. This could hamper growth of the surgical robots market

Market Dynamics

Increasing adoption of inorganic strategies such as acquisitions by key players in market are expected to drive market growth over the forecast period. For instance, in February 2020, Medtronic, a medical device company, acquired Digital Surgery, a U.K.-based privately-held pioneer in surgical artificial intelligence, data and analytics, and digital education and training program for the operating room. The acquisition is aimed at strengthening Medtronic’s robot-assisted surgical platform and its broader portfolio. With this acquisition, Digital Surgery and Medtronic would co-develop digital solutions that would be featured in future Medtronic soft tissue robotic-assisted surgery systems.

Key features of the study:

  • This report provides in-depth analysis of the global surgical robots market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global surgical robots market  based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Intuitive Surgical, Think Surgical, Asensus Surgical US, Inc., Zimmer Biomet, Stryker, Smith & Nephew, Novus Health Products, and Medtronic 
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global surgical robots market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global surgical robots market

Detailed Segmentation:

  • Global Surgical Robots Market, By Product Type:
    • Instruments & Accessories
    • Robotic Systems
      • Da Vinci Surgical System
      • Rosa
      • Mako Rio
      • Robodoc
      • Others
  • Global Surgical Robots Market, By Surgery:
    • Gynecology Surgery
      • General Surgery
      • Urology Surgery
      • Cardiovascular Surgery
      • Neurosurgery Surgery
      • Orthopedic Surgery
      • Other Surgeries
  • Global Surgical Robots Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Region/Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Intuitive Surgical
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Think Surgical
    • Asensus Surgical US, Inc.
    • Zimmer Biomet
    • Stryker
    • Smith & Nephew
    • Novus Health Products
    • Medtronic

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global surgical robots market size is estimated to be valued at US$ 5,721.6 million in 2022 and is expected to exhibit a CAGR of 13.4% between 2022 and 2030.
Factors such as increasing demand for minimally invasive surgeries and advancements of technology in the surgical robotic systems are expected to drive the market growth.
Gynecology segment is the leading surgery segment in the market.
The major factors hampering growth of the market include problems  associated with robotic-assisted surgery which include high risk of infection, bleeding, and cardiopulmonary risks of anesthesia and human errors in operating the technology and risks of mechanical failure.
Major players operating in the market include Intuitive Surgical, Think Surgical, Asensus Surgical US, Inc., Zimmer Biomet, Stryker, Smith & Nephew, Novus Health Products, and Medtronic.

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