The Global Surgery Robotic Market size is projected to reach USD X, XXX.X Million by 2028, at a CAGR of 12.3% between 2021 and 2028. The surgical robots are used in various applications for surgeries including orthopedics, laparoscopy, and other surgeries. This report provides an insight into the global surgery robotic market with a detailed analysis of the factors that affect the growth of this market such as drivers & restraints, opportunities & challenges, trends & developments as well as the competitive landscape for top players operating in this space.
In the surgical field, robotic surgery involves the use of computer-assisted or robotically controlled tools to perform specific tasks. The main difference between other traditional forms of surgeries and robotic surgeries is that in the case of robotic one, surgeons are able to work with higher precision while sitting at a distance from the patient during an operation. The features of a surgery robotic may vary from one type to another depending on its design and capabilities.
Robotic surgeries are carried out with the help of an operating room (OR) robot, which is controlled by a surgeon sitting at a computer workstation. Surgery robotic cuts down the time of surgery significantly and helps to get more accuracy in performing surgeries. It also reduces the level of pain that is felt by patients after surgical procedures. A robot can be operated with minimal guidance from surgeons, which means they do not have to spend a lot of time learning how it works and reduce errors in operation.
On the basis of Type, the global surgery robotic market is segmented into Multi-port Robotic System and Single-port Robotic System.
A Multi-port Robotic System is a type of surgery robotic that uses more than one port to provide assistance during surgeries. As compared to single-port robotic surgery, the benefits of the multi-port robotic system type are that it is less expensive with increased access and visibility. The surgeons can perform various types of surgical procedures using this system which includes laparoscopic surgeries as well as orthopedic surgeries in a very efficient way.
A Single-port Robotic System is a type of surgery robotic that has only one portal for performing the surgical procedure. The system can be used to perform complex surgeries such as gall bladder removal and colorectal procedures with minimal invasiveness, control dexterity, ergonomics, and precision. The main advantage of single-port robotic surgery is that it allows surgeons to operate on patients with minimal invasion through the use of one incision. This minimizes the risk for negative outcomes such as perforation, infection, and bleeding. The patient's recovery time also reduces due to less trauma during surgery along with less postoperative pain thanks to smaller incisions and the size of instruments used in surgeries.
On the basis of Application, the global surgery robotic market is segmented into Laparoscopy, Orthopedics, and Other.
Laparoscopy is a medical procedure where a thin tube equipped with optic tools known as a laparoscope is inserted into an incision made on the abdomen area through small cuts created by a scalpel under anesthesia/sedation. This type of surgery allows doctors to view inside abdominal cavities using cameras. The images from inside the body are displayed on a monitor, allowing doctors to diagnose and treat conditions. Surgery robotic procedures are mainly used in the process of Laparoscopy, which is a common surgical procedure. It saves both time and money as well as provides better patient outcomes compared to traditional surgeries without robotics.
The application of surgery robotic in Orthopedics is used for the diagnosis and treatment of bone diseases, such as scoliosis. The surgeries include hip replacement procedures to treat arthritis or knee injuries that may be caused due to injury or sports-related activity. During the surgery robotic is used by Orthopedics, surgeons can choose to use the best-suited tools for any given situation. The surgeon only works with one port at a time and does not need assistance from another person like in traditional surgeries. This minimizes the physical risks of surgeons during surgical procedures as there is no risk of cross-infection and less staff required throughout the procedure which means lower cost on the overall end.
On the basis of Region, the global surgery robotic market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
The market size of surgical robotics in North America is expected to grow at a CAGR of over 13.42% during the forecast period, due to factors such as technological advancements and an increase in the aging population across countries like United States (U.S.) and Canada. In Europe, the surgery robotic market has been witnessing a flourishing growth from 2017 to 2018. In 2016, Germany was the leading country in European Surgery Robotic Market as per revenue generated through sales and services. The European surgery robotic market is expected to grow at an average CAGR of 15% during the forecast period 2019 – 2028.
Currently, the market of surgery robotic in Latin America is in its infancy. However, it has gained significant growth over the last few years and this trend will continue to rise through 2028. About the Asia Pacific excluding Japan (APEJ) surgical robotic market: The Asia-Pacific region is expected to register the fastest growth during the forecast period, driven by a rapidly increasing aging population and growing incidence of cancer & obesity. Furthermore, the affordable cost of surgery with minimally invasive procedures is projected to drive demand for advanced technologies such as Robotic Systems over the next six years.
The Middle East & African surgical robotic market is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing application of minimally invasive surgeries in orthopedic, gynecology, and urology cases coupled with government initiatives for the expansion of healthcare facilities that would increase demand for surgery robots that are incorporated into these centers. The introduction of new products by various companies has also made it easier for hospitals and clinics to incorporate them into their existing facility leading to increased adoption rates across countries such as UAE, Saudi Arabia, Iran, Qatar, Turkey, etc., which are witnessing significant economic growth.
*Increased prevalence rate of various cancers including prostate cancer and pancreatic cancer.
*Rising number of surgical procedures in under-developed regions due to expansion in healthcare facilities and increase in disposable income especially in developing economies such as China, India, Brazil, etc.
*Enhanced focus on minimally invasive surgeries due to their advantages over open surgeries
*Preference for less invasive procedures among patients due to their reduced recovery time and pain
*Growing geriatric population
*Rapid urbanization, which is increasing the number of surgeries for diseases such as obesity and cancer.
Up Market Research published a new report titled “Surgery Robotic Market research report which is segmented by Types (Multi-port Robotic System, Single-port Robotic System), By Applications (Laparoscopy, Orthopedics, Other), By Players/Companies Intuitive Surgical, Stryker, Medtronic, Zimmer Biomet, THINK Surgical, Venus Concept, Medrobotics, TransEnterix”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Surgery Robotic Market Research Report |
By Type | Multi-port Robotic System, Single-port Robotic System |
By Application | Laparoscopy, Orthopedics, Other |
By Companies | Intuitive Surgical, Stryker, Medtronic, Zimmer Biomet, THINK Surgical, Venus Concept, Medrobotics, TransEnterix |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 240 |
Number of Tables & Figures | 168 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Multi-port Robotic System, Single-port Robotic System and By Application Laparoscopy, Orthopedics, Other.
Some of the companies that are profiled in this report are:
Surgery Robotic Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Surgery Robotic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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