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  • Surgical Robot Market Forecasts & Analysis
  • Market Opportunities
  • Latest Trends & Dynamics
  • Key Industry Analysis
  • Competitive Benchmarking

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REPORT SUMMARY

Industry OverviewThe global surgical robot market is projected to reach US$ 9.28 billion by 2025, at a CAGR of 13% during the period 2020–2025. Factors such as technological advancements, multiple advantages and usages, increasing adoption rate, and increase in funding for developing R&D capabilities are positively impacting the growth of the robotic surgery industry. Growing demand of surgical robots in ambulatory surgical centers, and developing countries are potential high growth opportunities for this market.
Report CoverageThe report provides an in-depth coverage of the market dynamics such as market drivers, challenges, and opportunities. The report provides the value chain analysis for the market. Global and US market forecast have been provided along with the competitive landscape existing in the market.
Competitive LandscapeGiven the growth of the robotic surgery market, large medical technology players are entering the market by acquiring innovators. Recently Johnson & Johnson acquired Auris Health, Inc. and Smith & Nephew plc.

The key players in the global robotic surgery market include Medtronic, Stryker, Intuitive Surgical, TransEnterix, Inc., Zimmer Biomet, Auris Health, Inc., Verb Surgical, Medrobotics, Nu Vasive, and Procept BioRobotics.

TABLE OF CONTENTS

Market Definition
Market Segmentation
Research Methodology
Market Drivers
Market Restraints / Challenges
Market Opportunities
Global and US Robotic Surgery Market (in US$ Billion, 20162025)
Value Chain Analysis
Competitive Landscape

RESEARCH METHODOLOGY

MARKET SEGMENTATION

Surgical Robot Market Segmentation by Product & Services
Robotic System
Instrument & Accessories
Services
Surgical Robot Market Segmentation by Application
Gynecological Surgery
Urological Surgery
Neurosurgery
Orthopedic Surgery
General Surgery
Others
Surgical Robot Market Segmentation by Region
North America
Asia Pacific
Europe
Middle East & Africa
South America

Surgical Robot Market Infographic

GLOBAL ROBOTIC SURGERY MARKET INSIGHTS AND FORECAST

Robotic surgery is the use of robots while performing surgery. It is an emerging surgical technology which is revolutionizing the conventional method of performing surgery. Robotic surgery is commonly associated with minimal invasive surgery and aids the doctor/surgeon in performing complex surgeries with more control, precision, and flexibility. Taking a look at the history of medical robot, it was firstly seen in 1985 for placing a needle while performing a brain biopsy. In present, robotic trends in surgery can be commonly seen in endoscopic CABG, valve replacement, pancreatectomy, prostatectomy, pediatric, and hip & knee replacement surgeries.

MAJOR APPLICATIONS:

1. Gynecological Surgery: Use of robotic medical devices for clamping, tissue manipulation, endo-surgery, and suturing. 3D imaging with enhanced depth perception is offered by the console, allowing surgeon to have autonomous control of the camera and instruments

2. Urological Surgery: Surgeons with the help of surgical robots are able to perform operation in a more precise manner than conventional surgery. Apart from being more precise than conventional surgery surgical robots cause less pain, and less blood losses   

3. Neurosurgery: Full-fledged use of surgical robots in neurosurgery is minimal but they are suitable to assist in stereotactic procedures. R&D projects are being conducted to overcome the technological challenges related to implementation of robotic surgery in neurosurgery procedures

4. Orthopedic Surgery: Surgical robots are used in orthopedic surgery such as total hip & knee replacement. Advantages such as high precision helps in accurate positioning of implants thus reducing the risk of injury to nearby tissues

Global Surgical Robot Market Insights:

From the perspective of surgical robot statistics, the global market is analyzed to grow from $4 billion in 2018 to $9.28 billion in 2025 at a CAGR of 13%. Growing demand of surgical robots in ambulatory surgical centers has been taken into account by robotic surgery company who identify their factor as high growth opportunities for this market

According to Robotic Surgery News, recent technological advancement in the industry has enabled the usage of surgical robots in a wide range of surgical procedures such as removal of gallbladders, hernia repairs, hip & knee replacement, gynecological, urological, neurosurgery, and general surgery.

Factors such as increasing demand for minimally invasive surgery, technological advancement, need for surgical robots for better brand image, high prevalence for neurological disorder are driving the robotic surgery industry market positively in the US.  

Given the growth of the robotic surgery market, large robotic surgery companies are entering the market by acquiring innovators. Recently Johnson & Johnson acquired Auris Health, Inc. and  Smith & Nephew plc.