Surgical Robotics Market by Product (Surgical Systems, Accessories, Services), by Application (Cardiothoracic Surgery, Gynaecological Surgery, Urological Surgery, Neurosurgery, Orthopaedic Surgery, General Surgery), by Geography (U.S., Canada, Germany, France, U.K., Italy, Spain, Japan, China, India, Brazil, Mexico, Saudi Arabia, South Africa) – Global Market Size, Share, Development, Growth and Demand Forecast, 2030

Surgical Robotics Market Overview

The global surgical robotics market is expected to register significant growth in coming years, mainly due to the advancements in healthcare automation, and increasing demand for minimally invasive treatments. Surgical systems generated maximum revenue in 2016, followed by accessories, based on various products available in the global market. The accessories are projected to witness the fastest growth in demand during the forecast period, due to the frequent re-purchase of surgical accessories for inventory maintenance.

The robots assisted surgeries find application in various surgeries such as, cardiothoracic, gynecological, urological, neurosurgery, orthopaedic, and general surgery. Among the various applications, gynecological surgery held the largest share in market, mainly due to the rise in adoption of robotic assisted surgeries in gynecological procedures such as hysterectomy, endometriosis, and myomectomy.

Globally, North America held the largest share in the surgical robotics market, mainly due to factors such as the rise in investment in systems by hospitals in the region to aid robotic assisted surgery, increase in the number of collaboration with insurance players, and rise in the demand for minimally invasive surgeries. However, it is expected that the industry will be led by Asia-Pacific during the forecast period, mainly due to factors such as increasing healthcare expenditure, rise in income level of the population spending on better healthcare facilities, and rise in technological adoption for clinical applications.

Surgical Robotics Market Dynamics

The key trends observed in the surgical robotics industry include synergistic manipulation and virtual fixtures for spatial movement. However, the cost of installation of systems, and the dearth of skilled professionals to conduct the surgeries with precision, are the key factors hindering the growth of the market.

Growth Drivers

Various factors leading to the growth of the surgical robotics industry include the rise in technological advancements, increase in healthcare automation, and growing demand for minimally invasive surgeries. Additionally, rise in R&D investment to conjugate miniaturized robotic systems with imaging systems for better guidance during surgeries will also aid the market demand. Factors such as rise in the prevalence of colorectal cancer, neurological disorders, and gynaecological diseases will also drive the growth of the market.

Opportunities

The surgical robotics industry provides immense opportunities for the new players to grow, due to the eminence of latest innovative technology in the market. Subsequently, the key players are also exploring opportunities by leveraging their precedence in technological advancement.

Surgical Robotics Market Competitive Landscape

Some of the key players in the global market include Intuitive Surgical Inc., Stryker Corporation, Zimmer Holdings, Inc., Auris Surgical Robotics Inc., Renishaw plc., Transenterix, Inc., Omnicell, Inc., Mayo Clinic, Medtronic Plc, Smith & Nephew Plc, and Mazor Robotics Ltd. The growing collaborations and partnerships among key players, and launch of technologically advanced products is expected to increase the market share of the key players in the coming years.

For instance, in August 2017, Mazor Robotics Ltd., a pioneer in the field of surgical guidance systems, announced that it has entered into the next phase of its strategic partnership with Medtronic Plc. The agreement provides for the conversion of the commercial relationship between the two companies, and with Medtronic Plc assuming exclusive worldwide distribution of the Mazor X system, and making a $40 million third tranche investment in Mazor Robotics Ltd. The strategic agreement between the companies was originally made in May 2016.

In June 2017, Smith & Nephew Plc, launched its NAVIO handheld robotics-assisted total knee arthroplasty (TKA) application. The new edition expands the NAVIO platform to total knees, which comprise 80% of all knee replacement surgeries globally. The TKA application supports Smith & Nephew’s JOURNEY II, LEGION Primary and GENESIS II Total Knee Systems.

In April 2017, Intuitive Surgical, Inc. a global technology leader in robotic-assisted, minimally invasive surgery, announced that the new da Vinci X Surgical System received CE Mark approval in the Europe. The da Vinci X System will provide surgeons and hospitals with access to some of the most advanced robotic-assisted surgery technology at a lower cost. Intuitive Surgical, Inc. is the pioneer in surgical robotic systems, with its ubiquitous da Vinci surgical system.

Surgical Robotics Market Segmentation

By Product

• Surgical Systems
• Accessories
• Services

By Application

• Cardiothoracic
• Gynaecological
• Urological
• Neurosurgery
• Orthopaedic
• General
• Others

By Geography

• North America Market
  • By product
  • By application
  • By country
    • U.S.
    • Canada
• Europe
  • By product
  • By application
  • By country
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
• Asia-Pacific
  • By product
  • By application
  • By country
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
• Latin America
  • By product
  • By application
  • By country
    • Brazil
    • Mexico
    • Rest of Latin America
• Middle East & Africa (MEA)
  • By product
  • By application
  • By country
    • Saudi Arabia
    • South Africa
    • Rest of MEA