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REPORT SCOPE & OVERVIEW

The Robotic Surgical Procedures Market size was USD 7.09 Billion in 2022 and is expected to Reach USD 33.89 Billion by 2030 and grow at a CAGR of 21.6 % over the forecast period of 2023-2030.

The Robotic Surgical Procedures Market refers to the market for surgical procedures that are performed using robotic systems. Robotic surgery is a minimally invasive surgical technique that utilizes robotic systems to assist surgeons in performing complex procedures with precision and control. Robotic surgical systems typically consist of a robotic arm or multiple robotic arms controlled by the surgeon, a camera system that provides a 3D view of the surgical site, and specialized surgical instruments. The surgeon operates the robotic system from a console, where they manipulate the controls that translate their hand movements into precise movements of the robotic arms.

The robotic surgical procedures market has witnessed significant growth in recent years due to several advantages offered by robotic surgery over traditional open surgery or laparoscopic surgery. These advantages include improved precision, enhanced dexterity, better visualization of the surgical site, reduced trauma to patients, shorter hospital stays, and faster recovery times. The market for robotic surgical procedures encompasses various medical specialties, including urology, gynecology, general surgery, orthopedics, cardiothoracic surgery, and neurosurgery. The adoption of robotic surgery has been particularly prominent in urological and gynecological procedures, such as prostatectomy and hysterectomy, respectively.

Robotic Surgical Procedures Market Revenue Analysis

The rising frequency of bone degenerative illnesses, as well as the rising number of hip and knee replacement procedures due to increased occurrences of arthritis and osteoporosis, are expected to drive market growth. As Agency for Healthcare Research & Quality, about 4,54,450 hip replacement procedures are conducted in the U. S every year.

The market for robotic surgical procedures is expected to continue growing as technology advances, more surgical procedures become amenable to robotic assistance, and the benefits of robotic surgery become more widely recognized. However, it is important to note that the availability and adoption of robotic surgical systems can vary across different regions and healthcare settings.

MARKET DYNAMICS

DRIVERS:

  • Key Players Introduce Advanced Robotic Surgical Systems to Drive Market Growth in this market.

  • Patients will need surgical procedures as the prevalence of chronic disorders rises.

The increased frequency of chronic illnesses such as cancer, cardiovascular disease, and orthopaedic issues creates a big pool of individuals requiring surgical treatments throughout the world. Furthermore, the growing number of senior patients suffering from chronic diseases, as well as the fast adoption of sedentary lifestyles, is a prominent component largely responsible for age and lifestyle-related chronic disorders. As a result, the need for robotic surgical methods for emergency care is rising.

RESTRAIN:

  • Several rival robotic systems from various manufacturers compete in the robotic surgical operations industry.

  • The higher acquisition and maintenance costs of robotic surgical systems will limit their use in developing countries.

The purchase and maintenance expenses of robotic surgical equipment are greater. The yearly service and maintenance cost of the surgical system, for example, runs from USD 100,100 to USD 150,200. Furthermore, various clinical studies indicate that the cost of a robotic surgical operation is around USD 3,100 to USD 6,200 greater than the cost of a similar surgery conducted using the laparoscopic approach.

OPPORTUNITY:

  • Collaborative robotics, commonly known as cobots, are robotic devices that operate in tandem with surgeons. These systems can help in suturing, retraction, and instrument placement.

  • Expanded surgical applications may provide a significant opportunity for this sector.

The number of surgical procedures that can benefit from robotic aid is constantly growing. While urology and gynecology have had success with robotic surgery, there are chances to investigate its uses in other specialities such as general surgery, cardiothoracic surgery, orthopedics, and neurosurgery. As surgeons acquire competence and new robotic systems are created, robotic surgery may be extended to increasingly sophisticated and difficult procedures.

CHALLENGES:

  • The exorbitant prices of robotic surgical devices make their widespread implementation difficult. The initial financial outlay necessary to acquire the robotic system, as well as continuous maintenance, instrument costs, and training costs, can be substantial.

  • Good skills and professional people are required to run the robotic surgical system.

Robotic surgery necessitates extensive training and expertise. To become skilled in operating robotic systems, surgeons must go through extensive training programs. The learning curve for robotic surgery can be severe, necessitating devoted time and resources. The availability of training programs and access to skilled surgeons may be limited, limiting the widespread use of robotic surgery.

IMPACT OF RUSSIAN UKRAINE WAR

Ukraine contributes 0.78% of overall healthcare items exports to the country, whereas the United States accounts for 2.6 %. In fiscal year 21, the Asian country exported medicines worth $25.5 billion USD. Asian countries shipped almost US$ 593 million in healthcare items to Russia in FY21, a nearly 6.85% increase over the previous year, while Ukraine contributed nearly US$ 182 million in FY21, a nearly 45% increase over the previous year. With rising Russia-Ukraine tensions, the Indian healthcare sector may face disruptions in total medication and intermediate exports. A weaker currency may assist export-oriented industries such as medicines. Russian bank sanctions may have an impact on remittances of outstanding trade receivables from that country. Considering all these things, one thing emerges there is a possibility of a decrease in robotic surgical procedures market demand in both countries due to Russian Ukraine war.

IMPACT OF ONGOING RECESSION

According to experts, medical device businesses are positioned to weather an economic recession even as they continue to suffer pandemic-related challenges such as ongoing supply chain issues and workforce shortages. While gadget makers are not immune to possible recessionary headwinds, an RBC Capital Markets analyst believes the industry will be rather resilient to a prolonged slump. The firm has a lot of puts and takes to consider, but there is undoubtedly a lot of opportunity given the defensive factor in healthcare and medtech. Zimmer Biomet and Stryker are more sensitive to an economic downturn since hip and knee replacement surgeries are deemed more deferrable but required at some time. According to the analyst, hospital funding may also dry up during a recession, making higher-cost technologies like robotic systems more vulnerable.

Moreover, in today's time, the awareness among the people has increased a lot, as a result of which the demand for getting life insurance has increased among the people. The impacts of the ACA might be a role in more steady procedure volumes. According to the Department of Health and Human Services, more than 36 million individuals had ACA insurance in early 2022, and 29 million were uninsured in the fourth quarter of 2021.

KEY MARKET SEGMENTS

By Application

  • Gynaecology

  • Surgery

  • Orthopaedics

  • Urology

  • Others

REGIONAL ANALYSIS

North America: North America is expected to maintain its dominance in the worldwide robotic surgical procedure market in 2026. The market in this area was valued at US $ 4150 Million in 2020, and it is expected to expand as more robotic surgical tools and systems are adopted. North American nations have a higher penetration of robots than other areas. This is anticipated to generate prospects for the industry to develop in the future years.

Asia Pacific: Asia-Pacific is expected to develop at the fastest rate due to rising demand in India, China, & Japan, as well as the expansion of the region's overall robotics market. In China, the demand for surgical robots is mostly among a wealthy subset of patients who can afford costly operations. However, the introduction of domestic models has reduced pricing, which is likely to promote deployment. With significant investments in technical breakthroughs, Asian nations, notably Japan, China, and South Korea, serve as fresh income pockets for the medical robotic systems industries.​

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key players 

Some major key players in Robotic Surgical Procedures Market are Avateramedical GmbH, Smith & Nephew, Zimmer Biomet; Medtronic, THINK Surgical, Accuray Incorporated, Intuitive Surgical, CMR Surgical Ltd., Stryker, Johnson & Johnson Services, Inc., and other players.

RECENT DEVELOPMENT

Stryker: In 2022, Stryker one of the world's most innovative medical technology businesses, has announced the establishment of Stryker's Global Technology Centre (SGTC) at the International Tech Park in Gurgaon. The 150,000-square-foot building will assist expedite innovation in India and throughout the world, as well as support the company's aim to improve healthcare.

CMR Surgical: In 2022, CMR stated that their Versius Surgical Robotic System has been used in 5,000 surgical operations throughout the world. Dr. Patrick Bagan and his colleagues successfully executed the 5,000th surgery at Argenteuil Hospital, a public health centre in Paris, France, where they performed a lung bisegmentectomy for cancer.

Accuray Incorporated: In 2021 Accuray Incorporated reported that more than two decades of clinical data from throughout the world support the use of its CyberKnife robotic radiotherapy technology for the delivery of stereotactic radiosurgery (SRS) treatments for neurological illnesses.

Robotic Surgical Procedures Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 7.09 Bn
Market Size by 2030  US$ 33.89 Bn
CAGR   CAGR of 21.6% From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Application (Gynaecology, Surgery, Orthopaedics, Urology, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Avateramedical GmbH, Smith & Nephew, Zimmer Biomet; Medtronic, THINK Surgical, Accuray Incorporated, Intuitive Surgical, CMR Surgical Ltd., Stryker, Johnson & Johnson Services, Inc.
Key Drivers • Key Players Introduce Advanced Robotic Surgical Systems to Drive Market Growth in this market.
• Patients will need surgical procedures as the prevalence of chronic disorders rises.
Market Restraints • Several rival robotic systems from various manufacturers compete in the robotic surgical operations industry.
• The higher acquisition and maintenance costs of robotic surgical systems will limit their use in developing countries.

 

Frequently Asked Questions

Ans. The Compound Annual Growth rate for Robotic Surgical Procedures Market over the forecast period is 21.6%.

Ans. USD 33.89 Billion is the projected Robotic Surgical Procedures market size of the market by 2030.

Ans. Asia Pacific is the fastest-growing region of the Robotic Surgical Procedures Market.

Ans. The higher acquisition and maintenance costs of robotic surgical systems will limit their use in developing countries.

Ans. The advantages of robotic-assisted surgery, technical developments in surgical robots, rising surgical robot adoption, and higher funding for medical robot research are driving the growth of the Surgical Robots Market.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of ongoing recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Robotic Surgical Procedures Market Segmentation, by Application
8.1 Gynaecology
8.2 Surgery
8.3 Orthopaedics
8.4 Urology
8.5 Others

9. Regional Analysis
9.1 Introduction
9.2 North America
9.2.1 North America Robotic Surgical Procedures Market by Country
9.2.2 North America Robotic Surgical Procedures Market by Application
9.2.3 USA
9.2.3.1 USA Robotic Surgical Procedures Market by Application
9.2.4 Canada
9.2.4.1 Canada Robotic Surgical Procedures Market by Application
9.2.5 Mexico
9.2.5.1 Mexico Robotic Surgical Procedures Market By Application
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Eastern Europe Robotic Surgical Procedures Market by Country
9.3.1.2 Eastern Europe Robotic Surgical Procedures Market by Application
9.3.1.3 Poland
9.3.1.4.1 Poland Robotic Surgical Procedures Market by Application
9.3.1.4 Romania
9.3.1.4.1 Romania Robotic Surgical Procedures Market by Application
9.3.1.5 Hungary
9.3.1.5.1 Hungary Robotic Surgical Procedures Market by Application
9.3.1.6 Turkey
9.3.1.6.1 Turkey Robotic Surgical Procedures Market by Application
9.3.1.7 Rest of Eastern Europe
9.3.1.7.1 Rest of Eastern Europe Robotic Surgical Procedures Market by Application
9.3.2 Western Europe
9.3.2.1 Western Europe Robotic Surgical Procedures Market by Country
9.3.2.2 Western Europe Robotic Surgical Procedures Market by Application
9.3.2.3 Germany
9.3.2.3.1 Germany Robotic Surgical Procedures Market by Application
9.3.2.4 France
9.3.2.4.1 France Robotic Surgical Procedures Market by Application
9.3.2.5 UK
9.3.2.5.1 UK Robotic Surgical Procedures Market by Application
9.3.2.6 Italy
9.3.2.6.1 Italy Robotic Surgical Procedures Market by Application
9.3.2.7 Spain
9.3.2.7.1 Spain Robotic Surgical Procedures Market by Application
9.3.2.8 Netherlands
9.3.2.8.1 Netherlands Robotic Surgical Procedures Market by Application
9.3.2.9 Switzerland
9.3.2.9.1 Switzerland Robotic Surgical Procedures Market by Application
9.3.2.10 Austria
9.3.2.10.1 Austria Robotic Surgical Procedures Market by Application
9.3.2.11 Rest of Western Europe
9.3.2.11.1 Rest of Western Europe Robotic Surgical Procedures Market by Application
9.4 Asia-Pacific
9.4.1 Asia Pacific Robotic Surgical Procedures Market by Country
9.4.2 Asia Pacific Robotic Surgical Procedures Market by Application
9.4.3 China
9.4.3.1 China Robotic Surgical Procedures Market by Application
9.4.4 India
9.4.4.1 India Robotic Surgical Procedures Market by Application
9.4.5 Japan
9.4.5.1 Japan Robotic Surgical Procedures Market by Application
9.4.6 South Korea
9.4.6.1 South Korea Robotic Surgical Procedures Market by Application
9.4.7 Vietnam
9.4.7.1 Vietnam Robotic Surgical Procedures Market by Application
9.4.8 Singapore
9.4.8.1 Singapore Robotic Surgical Procedures Market by Application
9.4.9 Australia
9.4.9.1 Australia Robotic Surgical Procedures Market by Application
9.4.10 Rest of Asia-Pacific
9.4.10.1 Rest of Asia-Pacific Robotic Surgical Procedures Market by Application
9.5 Middle East & Africa
9.5.1 Middle East
9.5.1.1 Middle East Robotic Surgical Procedures Market by Country
9.5.1.2 Middle East Robotic Surgical Procedures Market by Application
9.5.1.3 UAE
9.5.1.3.1 UAE Robotic Surgical Procedures Market by Application
9.5.1.4 Egypt
9.5.1.4.1 Egypt Robotic Surgical Procedures Market by Application
9.5.1.5 Saudi Arabia
9.5.1.5.1 Saudi Arabia Robotic Surgical Procedures Market by Application
9.5.1.6 Qatar
9.5.1.6.1 Qatar Robotic Surgical Procedures Market by Application
9.5.1.7 Rest of Middle East
9.5.1.7.1 Rest of Middle East Robotic Surgical Procedures Market by Application
9.5.2 Africa
9.5.2.1 Africa Robotic Surgical Procedures Market by Country
9.5.2.2 Africa Robotic Surgical Procedures Market by Application
9.5.2.3 Nigeria
9.5.2.3.1 Nigeria Robotic Surgical Procedures Market by Application
9.5.2.4 South Africa
9.5.2.4.1 South Africa Robotic Surgical Procedures Market by Application
9.5.2.5 Rest of Africa
9.5.2.5.1 Rest of Africa Robotic Surgical Procedures Market by Application
9.6 Latin America
9.6.1 Latin America Robotic Surgical Procedures Market by Country
9.6.2 Latin America Robotic Surgical Procedures Market by Application
9.6.3 Brazil
9.6.3.1 Brazil Robotic Surgical Procedures Market by Application
9.6.4 Argentina
9.6.4.1 Argentina Robotic Surgical Procedures Market by Application
9.6.5 Colombia
9.6.5.1 Colombia Robotic Surgical Procedures Market by Application
9.6.6 Rest of Latin America
9.6.6.1 Rest of Latin America Robotic Surgical Procedures Market by Application

10 Company Profile
10.1 Avateramedical GmbH
10.1.1 Company Overview
10.1.2 Financials
10.1.3 Product/Services Offered
10.1.4 SWOT Analysis
10.1.5 The SNS View
10.2 Smith & Nephew
10.2.1 Company Overview
10.2.2 Financials
10.2.3 Product/Services Offered
10.2.4 SWOT Analysis
10.2.5 The SNS View
10.3 Zimmer Biomet
10.3.1 Company Overview
10.3.2 Financials
10.3.3 Product/Services Offered
10.3.4 SWOT Analysis
10.3.5 The SNS View
10.4 Medtronic
10.4 Company Overview
10.4.2 Financials
10.4.3 Product/Services Offered
10.4.4 SWOT Analysis
10.4.5 The SNS View
10.5 THINK Surgical
10.5.1 Company Overview
10.5.2 Financials
10.5.3 Product/Services Offered
10.5.4 SWOT Analysis
10.5.5 The SNS View
10.6 Accuray Incorporated
10.6.1 Company Overview
10.6.2 Financials
10.6.3 Product/Services Offered
10.6.4 SWOT Analysis
10.6.5 The SNS View
10.7 Intuitive Surgical
10.7.1 Company Overview
10.7.2 Financials
10.7.3 Product/Services Offered
10.7.4 SWOT Analysis
10.7.5 The SNS View
10.8 CMR Surgical Ltd.
10.8.1 Company Overview
10.8.2 Financials
10.8.3 Product/Services Offered
10.8.4 SWOT Analysis
10.8.5 The SNS View
10.9 Stryker
10.9.1 Company Overview
10.9.2 Financials
10.9.3 Product/Services Offered
10.9.4 SWOT Analysis
10.9.5 The SNS View
10.10 Johnson & Johnson Services, Inc.
10.10.1 Company Overview
10.10.2 Financials
10.10.3 Product/Services Offered
10.10.4 SWOT Analysis
10.10.5 The SNS View

11. Competitive Landscape
11.1 Competitive Benchmarking
11.2 Market Share Analysis
11.3 Recent Developments
11.3.1 Industry News
11.3.2 Company News
11.3.3 Mergers & Acquisitions

12. USE Cases and Best Practices

13. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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