Surgical Robots Market Size, Share & Trends Report

Surgical Robots Market Size, Share & Trends Analysis Report By Application (Neurology, Urology, Orthopedics, Gynecology), By End-use (Inpatient, Outpatient), By Region, And Segment Forecasts, 2024 - 2030

Report ID: 978-1-68038-811-4
Number of Report Pages: 118
Format: PDF, Horizon Databook

Historical Range: 2018 - 2022
Forecast Period: 2024 - 2030
Industry: Healthcare

Market Segmentation

Surgical Robots Application Outlook (Revenue, USD Million, 2018 - 2030)
- Orthopedics
  - Knee
  - Hip
  - Spine
  - Others
- Neurology
- Urology
- Gynecology
- Others
Surgical Robots End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Inpatient
- Outpatient
Surgical Robots Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - North America Surgical Robots Market, By Application
    - Orthopedics
      - Knee
      - Hip
      - Spine
      - Others
    - Neurology
    - Urology
    - Gynecology
    - Others
  - North America Surgical Robots Market, By End-use
    - Inpatient
    - Outpatient
  - U.S.
    - U.S. Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - U.S. Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Canada
    - Canada Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Canada Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
- Europe
  - Europe Surgical Robots Market, By Application
    - Orthopedics
      - Knee
      - Hip
      - Spine
      - Others
    - Neurology
    - Urology
    - Gynecology
    - Others
  - Europe Surgical Robots Market, By End-use
    - Inpatient
    - Outpatient
  - UK
    - UK Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - UK Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Germany
    - Germany Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Germany Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Italy
    - Italy Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Italy Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - France
    - France Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - France Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Spain
    - Spain Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Spain Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Denmark
    - Denmark Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Denmark Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Sweden
    - Sweden Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Sweden Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Norway
    - Norway Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Norway Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
- Asia Pacific
  - Asia Pacific Surgical Robots Market, By Application
    - Orthopedics
      - Knee
      - Hip
      - Spine
      - Others
    - Neurology
    - Urology
    - Gynecology
    - Others
  - Asia Pacific Surgical Robots Market, By End-use
    - Inpatient
    - Outpatient
  - Japan
    - Japan Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Japan Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - China
    - China Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - China Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - India
    - India Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - India Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Australia
    - Australia Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Australia Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - South Korea
    - South Korea Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - South Korea Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Thailand
    - Thailand Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Thailand Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
- Latin America
  - Latin America Surgical Robots Market, By Application
    - Orthopedics
      - Knee
      - Hip
      - Spine
      - Others
    - Neurology
    - Urology
    - Gynecology
    - Others
  - Latin America Surgical Robots Market, By End-use
    - Inpatient
    - Outpatient
  - Brazil
    - Brazil Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Brazil Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Mexico
    - Mexico Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Mexico Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Argentina
    - Argentina Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Argentina Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
- Middle East Africa
  - Middle East Africa Surgical Robots Market, By Application
    - Orthopedics
      - Knee
      - Hip
      - Spine
      - Others
    - Neurology
    - Urology
    - Gynecology
    - Others
  - Middle East Africa Surgical Robots Market, By End-use
    - Inpatient
    - Outpatient
  - South Africa
    - South Africa Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - South Africa Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Saudi Arabia
    - Saudi Arabia Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Saudi Arabia Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - UAE
    - UAE Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - UAESurgical Robots Market, By End-use
      - Inpatient
      - Outpatient
  - Kuwait
    - Kuwait Surgical Robots Market, By Application
      - Orthopedics
        
        Knee
        
        Hip
        
        Spine
        
        Others
      - Neurology
      - Urology
      - Gynecology
      - Others
    - Kuwait Surgical Robots Market, By End-use
      - Inpatient
      - Outpatient

Surgical Robots Market Dynamics

Drivers: Rising Number Of Knee And Hip Replacement Surgeries

Increasing knee and hip replacement surgeries is one of the key factors anticipated to drive the adoption of surgical robots in the healthcare industry. Some of the major disorders that affect the joints are various types of arthritis, bone degenerative diseases, and osteoporosis. The rising prevalence of these conditions has led to an increase in the number of patients requiring knee and hip replacement surgeries. According to the International Congress for Joint Reconstruction in March 2018, the number of primary total hip replacement and total knee replacement procedures is projected to reach 635,000 (171.0% increase) & 1.28 million (189.0% increase), respectively, by 2030 and 1.23 million (330.0% growth) & 2.60 million (382.0% growth), by 2060. Furthermore, according to the National Library of Medicine estimates, in January 2021, 3.1 and 2.5 million primary total hip and knee replacements were undertaken, respectively. According to an article published by The Regents of the University of California in March 2017, total hip replacements are expected to increase by almost 200%, and total knee replacements performed in the U.S. are expected to increase by more than 600% by 2030 compared to 2005. This, in turn, is significantly driving the adoption of surgical robots, aiding market growth.

Entry Of Established Healthcare Players In Robotic Surgery Space

The global surgical robots market is expected to witness various changes as major healthcare players are anticipated to enter and challenge the existing market leader—Intuitive Surgical. For instance, in June 2021, CMR Surgical raised USD 600 million in a Series D financing round led by SoftBank’s Vision Fund 2 and Ally Bridge Group, leading to a total disclosed funding of USD 986 million. Similarly, in June 2021, PROCEPT BioRobitics Corporation raised funding of USD 85 million in a Series G round. The company would utilize the funding in strategizing the global commercial expansion of their product—AquaBeam Robotic System—used in urologic surgery. This latest funding is in addition to the existing USD 348.8 million funding raised by Cambridge Innovation Capital. The financing is aimed at accelerating the availability of Versius in hospitals across the globe while providing full flexibility for achieving its goals. In February 2020, Medtronic announced the acquisition of Digital Surgery to develop its Minimally Invasive Therapies Group's surgical robotics business. Similarly, in January 2021, Surgical Science acquired Mimic Technologies, Inc. Through this acquisition, the company would expand its footprint in the American market and clientele in the surgical robot industry.

Restraints: Safety Concerns Regarding Robotic Surgery Devices

Surgeons have been utilizing robotic-assisted surgical devices for performing several surgical procedures through smaller incisions. This form of surgery aids in preventing blood loss and minimizing pain, scarring, infection, & recovery time as compared to traditional procedures. However, as per the data published by the FDA in February 2019, the effectiveness and safety of using surgical robots in mastectomy procedures, as well as for the treatment & prevention of cancer, have not been established yet, and the FDA is aware of that hospital systems and surgeons are utilizing these devices for mastectomy. Although robotic surgery systems are marketed as a safer alternative to traditional surgeries, there are various risks associated with these systems, including mechanical errors and human errors. These systems have multiple components and could malfunction, leading to more complications. The patients and healthcare professionals aware of the risks involved may not opt for robotic surgery and may prefer traditional open surgery. Therefore, safety concerns associated with robotic surgeries may restrain market growth.

What Does This Report Include?

This section will provide insights into the contents included in this surgical robots market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Surgical robots market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Surgical robots market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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