Key Findings in the Global Surgical Robots Market study:
In 2023, the Surgical Instruments & Accessories Segment is Expected to Account for the Largest Share of this Market
Based on product & service, in 2023, the surgical instruments & accessories segment is expected to account for the largest share of the surgical robots market. The large market share of this segment is mainly attributed to the launch of advanced instruments and accessories, an increase in surgical procedures, and the growing application of robotic surgical systems.
The General Surgery Segment is Projected to Record the Fastest Growth Rate During the Forecast Period
The general surgery segment is projected to register the highest CAGR of the surgical robots market during the forecast period. The adoption of robotic surgeries is increasing due to the rising need for precision in abdominal, thoracic and vascular procedures. Furthermore, the increasing use of surgical robots for colorectal cancer surgeries is significantly driving the growth of this segment. According to the American Cancer Society, in 2020, 104,610 new colon cancer cases and 43,340 rectal cancer cases were diagnosed in the U.S. Thus, with the rising prevalence of colon cancer, the use of surgical robots is expected to increase.
In 2023, the Hospitals Segment is Expected to Account for the Largest Share of this Market
Based on end user, in 2023, the hospitals segment is expected to account for the largest share of the surgical robots market. The large market share of this segment is driven by the increasing number of surgical procedures, growing adoption of advanced surgical systems by surgeons, rising preference for robot-assisted orthopedic surgeries, and increasing funding for advanced surgical systems.
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Asia-Pacific: Fastest growing regional market
The growth in this market is attributed to increasing cases of chronic diseases, a growing number of orthopedic surgeries, increasing funding for advanced medical systems, and the increasing number of skilled surgical professionals. Furthermore, the growing adoption of automated surgical systems in emerging Asia-Pacific nations and patients’ preference for robot-assisted surgeries, increasing focus on the expansion of modern healthcare facilities, and rising medical tourism also support the market growth in Asia-Pacific.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by key market players over the past few years.The key players profiled in the global surgical Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Medtronic plc (U.S.), Smith & Nephew plc (U.K.), Zimmer Biomet Holdings, Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Asensus Surgical Inc. (U.S.), THINK Surgical, Inc. (U.S.), Renishaw plc, (U.K.), Siemens Healthineers AG (Germany), and CMR Surgical (U.K.).
Scope of the Report
Surgical Robots Market, by Product & Service
• Surgical Instruments & Accessories
• Robotic Systems
• Services
Surgical Robots Market, by Application
• Orthopedic
• Obstetrics & Gynecological
• Cardiovascular & Thoracic
• Urology
• General Surgery
• Other Applications
(Note: Other application includes head & neck and ophthalmology)
Surgical Robots Market, by End User
• Hospitals
• Ambulatory Surgical Centers
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