Surgical Robots Market Size, Share & Trends Analysis Report By Application (Orthopedics, Neurology, Urology, Gynecology, Others), By Region (North America, Europe, Asia Pacific, Latin America, MEA) And Segment Forecasts, 2019 - 2025

Published: Dec, 2019 | Pages: 85 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global surgical robots market is expected to reach USD 8.24 billion by 2025, growing at a CAGR of 22.3%over the forecast period, according to a new report by Grand View Research, Inc. Increasing adoption of minimally invasive surgeries among patients owing to its added benefits such as need for shorter hospital stays by patients, compared to traditional surgery, introduction of flexible and cost-effective surgical robots by new manufacturers and increasing approvals for new medical conditions are some factors responsible for driving the surgical robots market.

In addition, advances in medical imaging, increase in surgeon/patient acceptance for laparoscopic and robotic procedures, increasing number of patients suffering with tumors, spine disorders, lung cancer and others are expected to drive the adoption of surgical robots over the forecast period. However, limited adoption rate of surgical robots in developing/underdeveloped economies due to untrained doctors, limited spending on healthcare infrastructure may hinder the market growth.

On the basis of application, the market is classified into orthopedics, neurology, urology, gynecology and others. The others segment includes oral surgeries, thoracic surgeries, and general laparoscopic surgeries. The other application segment dominated the market in 2018, with a revenue of USD 748.5 million and is also expected to grow at the fastest rate over the forecast period. This is owing to a large number of general laparoscopic surgeries being conducted and increasing number of medical approvals for treatment of new medical conditions.

North America dominated the surgical robots market with a revenue of USD 1.03 billion in 2018, owing to the presence of leading manufacturers such as Stryker Corporation, Medtronic, Intuitive Surgical and others in the region. Moreover, increasing approval by the FDA for new robotic systems has led to rise in the number companies in the market which has increased the competition in the region. On the other hand, the region is also anticipated to witness fastest growth during the forecast period, as large number of hospitals are becoming the adopters of this technology.

Further Key Findings from the report suggest:

• North America dominated the market in 2018 with a revenue of USD 1.03 billion, owing to factors such as presence of major manufacturers in the region, growing investments and high healthcare expenditure

• The others segment dominated the market in 2018, owing to a high prevalence of general and laparoscopic surgeries, and increasing approval for treatment of new medical conditions.

• Some of the key players operating in this space are Intuitive Surgical, Stryker Corporation, Medtronic, Smith & Nephew and others

 Table Of Contents

Chapter 1 Methodology and Scope
                   1.1 Market Segmentation & Scope
                   1.2 Market Definition
                   1.3 Information Procurement
                       1.3.1 Purchased Database
                       1.3.2 GVR's Internal Database
                       1.3.3 Secondary Sources & Third Party perspectives
                       1.3.4 Primary Research
                   1.4 Information Analysis
                       1.4.1 Data Analysis Models
                   1.5 Market Formulation & Data Visualization
                   1.6 Data Validation & Publishing
Chapter 2 Executive Summary
                   2.1 Surgical Robots Market Outlook, By Revenue (USD Million)
Chapter 3 Surgical Robots Market Variables, Trends and Scope
                   3.1 Market Lineage Outlook
                       3.1.1 Market Outlook
                   3.2 Penetration & Growth Prospect Mapping
                   3.3 Product Pipeline Analysis, by Stage
                   3.4 Regulatory Sceneario
                   3.5 Market Dynamics
                       3.5.1 Market Driver Analysis
                       3.5.2 Market Restraint Analysis
                       3.5.3 Industry Challenges
                   3.6 Surgical Robots Market Analysis Tools
                       3.6.1 Industry Analysis - Porter's
                           3.6.1.1 Supplier Power
                           3.6.1.2 Buyer Power
                           3.6.1.3 Substitution Threat
                           3.6.1.4 New Entrants Threat
                           3.6.1.5 Competitive Rivalry
                       3.6.2 PESTEL Analysis
                           3.6.2.1 Political Landscape
                           3.6.2.2 Economic Landscape
                           3.6.2.3 Social Landscape
                           3.6.2.4 Technology Landscape
                       3.6.3 Major Deals and Strategic Alliances Analysis
Chapter 4 Surgical Robots Market: Application Estimates & Trend Analysis
                   4.1 Definitions & Scope
                   4.2 Surgical Robots Market Share by Application, 2018 & 2025
                   4.3 Segment Dashboard
                   4.4 Orthopedics
                       4.4.1 Orthopedics Market estimates and forecasts, 2014 - 2025 (USD Million)
                   4.5 Neurology
                       4.5.1 Neurology Market estimates and forecasts, 2014 - 2025 (USD Million)
                   4.6 Urology
                       4.6.1 Urology Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                   4.7 Gynecology
                       4.7.1 Gynecology Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                   4.8 Others
                       4.8.1 Other Applications Market Estimates And Forecasts, 2014 - 2025 (USD Million)
Chapter 5 Surgical Robots Market: Regional Estimates & Trend Analysis, by Product
                   5.1 Regional Market Snapshot
                   5.2 Surgical Robots Market Size, & Forecasts, and Trend Analysis, 2018 to 2025:
                       5.2.1 North America
                           5.2.1.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                           5.2.1.2 U.S.
                               5.2.1.2.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                           5.2.1.3 Canada
                               5.2.1.3.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                       5.2.2 Europe
                           5.2.1.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                           5.2.1.2 UK
                               5.2.1.2.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                           5.2.1.3 Germany
                               5.2.1.3.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                       5.2.3 Asia Pacific
                           5.2.3.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                           5.2.3.2 China
                               5.2.3.2.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                           5.2.3.3 Japan
                               5.2.3.3.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                       5.2.4 Latin America
                           5.2.4.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                           5.2.4.2 Brazil
                               5.2.4.2.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                           5.2.4.3 Mexico
                               5.2.4.3.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                       5.2.5 Middle East & Africa (MEA)
                           5.2.5.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                           5.2.5.2 South Africa
                               5.2.5.2.1 Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Chapter 6 Competitive Landscape
                   6.1 Company Profiles
                       6.1.1 Intuitive Surgical
                           6.1.1.1 Company Overview
                           6.1.1.2 Financial Performance
                           6.1.1.3 Product Benchmarking
                           6.1.1.4 Strategic Initiatives
                       6.1.2 Medtronic
                           6.1.2.1 Company Overview
                           6.1.2.2 Financial Performance
                           6.1.2.3 Product Benchmarking
                           6.1.2.4 Strategic Initiatives
                       6.1.3 TransEnterix Surgical, Inc.
                           6.1.3.1 Company Overview
                           6.1.3.2 Financial Performance
                           6.1.3.3 Product Benchmarking
                           6.1.3.4 Strategic Initiatives
                       6.1.4 Renishaw plc.
                           6.1.4.1 Company Overview
                           6.1.4.2 Financial Performance
                           6.1.4.3 Product Benchmarking
                           6.1.4.4 Strategic Initiatives
                       6.1.5 THINK Surgical, Inc.
                           6.1.5.1 Company Overview
                           6.1.5.2 Financial Performance
                           6.1.5.3 Product Benchmarking
                           6.1.5.4 Strategic Initiatives

List of Tables

TABLE 1 Global surgical robots market revenue, by application, 2014 - 2025 (USD Million)
TABLE 2 Global surgical robots market revenue, by region, 2014 - 2025 (USD Million)
TABLE 3 North America surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 4 U.S. surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 5 Canada surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 6 Europe surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 7 Germany surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 8 UK surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 9 Asia Pacific surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 10 Japan surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 11 China surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 12 Latin America surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 13 Mexico surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 14 Brazil surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 15 MEA surgical robots market, by application, 2014 - 2025 (USD Million)
TABLE 16 South Africa surgical robots market, by application, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market research process
FIG. 2 Data Triangulation Techniques
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value chain based sizing & forecasting
FIG. 6 QFD modelling for market share assessment
FIG. 7 Market formulation & validation
FIG. 8 Market Snapshot
FIG. 9 Surgical robots market variables, trends & scope
FIG. 10 Penetration & Growth Prospect Mapping
FIG. 11 Technology Timeline (Transition / various technology adoption past & future predictions)
FIG. 12 Market driver relevance analysis (Current & future impact)
FIG. 13 Market restraint relevance analysis (Current & future impact)
FIG. 14 Segment Dashboard
FIG. 15 Application market share analysis, 2018 & 2025
FIG. 16 Orthopedics market revenue estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 17 Neurology market revenue estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 18 Urology market revenue estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 19 Gynecology market revenue estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 20 Other diseases market revenue estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 21 Regional market snapshot
FIG. 22 Regional outlook, 2018 & 2025
FIG. 23 North America surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 24 U.S. surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 25 Canada surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 26 Europe surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 27 Germany surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 28 UK surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 29 Asia Pacific surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 30 Japan surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 31 China surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 32 Latin America surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 33 Brazil surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 34 Mexico surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 35 MEA surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 36 South Africa surgical robots market estimates and forecasts, 2014 - 2025 (USD Million)
FIG. 37 Strategy framework