The Surgical Robots Market Size was valued at USD 4.52 billion in 2022, and is expected to reach USD 18.46 billion by 2030, and grow at a CAGR of 19.2% over the forecast period 2023-2030.
Surgical robots will be robots that are utilized as a component of the surgery. Surgical robots join state of the art PC innovation with the mastery of profoundly prepared specialists. Surgical robots are essential for negligibly obtrusive Surgical as they consider exact control of Surgical devices that would be outside the realm of possibilities for people to do in a little activity room. The decrease of hand quakes gives this control, taking into consideration expanded finesse in any event, during the most difficult medicines. Automated innovation has prompted the advancement of helpful apparatuses for recovery, medical procedure, and clinical preparation, as well as novel and favorable prosthetics and strong gear for the incapacitated.
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Future Surgery Types of mechanical innovation will keep on giving advances in these and different areas of medication. The main job of careful robots would doubtlessly be to empower new microsurgery methods by giving high-expertise admittance to little physical designs, incorporating imaging modalities into the OR, giving practical substitutions to lost appendages, and empowering new human-machine points of interaction and strategies for conveying neuro-recovery.
To control a surgical robot, a computer software can be employed. A camera arm and mechanical arms with surgical instruments attached are included in the most widely used surgical robotic system. The surgeon controls the arms from a computer station adjacent to the operating table. Because of the console, the surgeon has a magnified, high-definition 3-D view of the surgery site. Surgical robots' capacity to conduct precise hand movements without being hampered by fatigue, inaccuracy, or interruptions has resulted in more efficient surgical procedures taking less time. Surgical robots are becoming increasingly popular as a result.
DRIVERS
The requirement for negligibly obtrusive medical procedures is developing.
Increased regulatory acceptance
Technological advancement
RESTRAINTS
When using the technology, humans make mistakes.
mechanical failure presents a risk
OPPORTUNITIES
Surgical robots are becoming more common in ASCs.
CHALLENGES
Lack of awareness
Hight cost
The global impact of the COVID-19 epidemic on the world's population and economy has been catastrophic. Healthcare systems have been severely strained by the outbreak. Healthcare organizations and professionals have been told to halt performing elective surgical operations and medical evaluations for COVID-19 patients during this time to reduce the risk of transmission and conserve healthcare resources. The pandemic has resulted in a temporary restriction on elective surgeries all over the world, resulting in the cancellation of elective surgeries all over the world, which has had a negative impact on the global economy.
MARKET ESTIMATION
By Component:
Future Surgery Types of mechanical innovation will keep on giving advances in these and different areas of medication. The main job of careful robots would doubtlessly be to empower new microsurgery methods by giving high-expertise admittance to little physical designs, incorporating imaging modalities into the OR, giving practical substitutions to lost appendages, and empowering new human-machine points of interaction and strategies for conveying neuro-recovery.
By Type:
The market is bifurcated into Gynecological medical procedure, Urological medical procedure, Neurosurgery, Orthopedic medical procedure, General a medical procedure, and other medical procedure. Gynecological medical procedure section represented the biggest income share in 2021 and is expected to enroll the most noteworthy CAGR also from 2022 to 2028. The rising number of C-area techniques and patients' inclination for mechanical helped negligibly obtrusive medical procedures are supposed to impel the section development.
By Component
Accessories
Systems
Services
By Surgery Type
Gynecology Surgery
General Surgery
Neurosurgery
Orthopedic Surgery
Other Surgeries
Urology Surgery
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North America, Europe, Asia Pacific, and the Rest of the World are the regions that make up the Global Surgical Robots Market. The Surgical Robots market is dominated by North America, which is expected to stay so during the report's forecast period. The large share of the North American market can be due to the region's investment in surgical robot research & development, as well as the increasing usage of surgical robots for pediatric procedures in Canada and surgery procedures in the United States.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Some of the major key players are as follows: Stryker Corporation, Intuitive Surgical, Smith & Nephew, TransEnterix Surgical Inc., Medrobotics, Zimmer Biomet, Renishaw plc., THINK Surgical Inc., Medtronic, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 4.52 Billion |
| Market Size by 2030 | US$ 18.46 Billion |
| CAGR | CAGR of 19.2% 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 Component (Accessories, Systems, Services) • By Surgery Type (Gynecology Surgery, General Surgery, Neurosurgery, Orthopedic Surgery, Other Surgeries, Urology Surgery) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Stryker Corporation, Intuitive Surgical, Smith & Nephew, TransEnterix Surgical Inc., Medrobotics, Zimmer Biomet, Renishaw plc., THINK Surgical Inc., Medtronic, and other players. |
| DRIVERS | • The requirement for negligibly obtrusive medical procedures is developing. • Increased regulatory acceptance • Technological advancement |
| RESTRAINTS | • When using the technology, humans make mistakes. • Mechanical failure presents a risk |
Ans: The Surgical Robots Market size was valued at US$ 4.52 Bn in 2022.
The challenges faced by Surgical Robots is Lack of awareness, and Hight cost
The device type is divided into 5 sub segments is Gynecology Surgery General Surgery, Neurosurgery, Orthopedic Surgery, Other Surgeries, and Urology Surgery.
The Surgical Robots market is dominated by North America, which is expected to stay so during the report's forecast period.
Ans: The Surgical Robots Market is growing at a CAGR of 19.2% over the forecast period 2023-2030.
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 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Surgical Robots market Segmentation, By Component
8.1 Accessories
8.2 Systems
8.3 Services
9. Surgical Robots market Segmentation, By Surgery Type
9.1 Gynecology Surgery
9.2 General Surgery
9.3 Neurosurgery
9.4 Orthopedic Surgery
9.5 Other Surgeries
9.6 Urology Surgery
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11 Company Profiles
11.1 Smith & Nephew
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Stryker Corporation
11.3 Intuitive Surgical
11.4 TransEnterix Surgical, Inc.
11.5 Medrobotics
11.6 Zimmer Biomet
11.7 Renishaw plc.
11.8 THINK Surgical, Inc.
11.9 Medtronic.
12 Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share Analysis
12.3 Recent Developments
16 Conclusion
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