Global surgical robots market is expected to grow at a CAGR of 15% during the forecast period to reach USD 13 billion by 2027. The global surgical robots market is driven by the growing occurrences of degenerative and chronic diseases such as diabetes, CVD, among others. Additionally, associated benefits of surgical robots for both surgeons as well as patients, increasing geriatric population and highly complex surgical procedures are anticipated to propel the growth of market over the next five years. Furthermore, technological innovations & advancements and new product launches by the major manufacturers such as introduction of flexible and cost-effective robots are expected to foster the growth of market until 2027.
The global surgical robots market is segmented based on component, mechanism of control, application, end user, company and region. Based on component, the market can be categorized into systems, instruments and accessories and services. The instruments and accessories segment dominated the market in 2021 and is expected to hold its dominance over the forecast period on account of extensive use of instruments and accessories in different surgical procedures. This leads to an increase in purchase of instruments and accessories for surgical robots. Furthermore, these instruments and accessories are replaced regularly after every surgical procedure, thereby driving the growth of segment. Based on end user, the market can be fragmented into hospitals & clinics and ambulatory surgical centers. Hospital & clinic segment dominated the market owing to the increasing focus on carrying out surgeries with surgical robot in order to obtain higher accuracy.
Regionally, the surgical robots market
Major players operating in the global surgical robots market include Intuitive Surgical, Stryker Corporation, Medtronic Plc., Smith & Nephew, Johnson & Johnson, Medrobotics Corporation, TransEnterix, Inc., Zimmer Biomet Holdings, Inc., Renishaw Plc., Think Surgical, Inc., Siemens Healthineers AG, CMR Surgical Limited, Corin Group Plc., Preceyes BV and others. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments. For instance, in March 2021, Zimmer Biomet received FDA Clearance for the ROSA ONE Spine System, which will be used for the robotically assisted surgeries. This would help in the expansion of product portfolio of the company.
Objective of the Study
- To analyze and estimate the market size of global surgical robots market from 2017 to 2020.
- To estimate and forecast the market size of global surgical robots market from 2021 to 2027.
- To classify and forecast global surgical robots market based on component, mechanism of control, application, end user, company and regional distribution.
- To identify dominant region or segment in the global surgical robots market.
- To identify drivers and challenges for global surgical robots market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global surgical robots market.
- To identify and analyze the profile of leading players operating in global surgical robots market.
- To identify key sustainable strategies adopted by market players in global surgical robots market.
Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
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Key Target Audience
- Surgical robots manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to surgical robots
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F | |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends | |
| Segments covered | · Component · Application · Mechanism of Control · End User |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Singapore; Germany, France, United Kingdom, Russia, Italy, South Africa, UAE, Saudi Arabia, Qatar, Brazil, Argentina, Colombia |
| Key companies profiled | Intuitive Surgical, Stryker Corporation, Medtronic Plc., Smith & Nephew, Johnson & Johnson, Medrobotics Corporation, TransEnterix, Inc., Zimmer Biomet Holdings, Inc., Renishaw Plc., Think Surgical, Inc., Siemens Healthineers AG, CMR Surgical Limited, Corin Group Plc., Preceyes BV. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
