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The global surgical robotics market attained a value of around USD 7.32 billion in 2023. The market is further expected to grow at a CAGR of about 19.90% in the forecast period of 2024-2032 to reach a value of nearly USD 21.96 billion by 2032.
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In the areas that are difficult to access by human surgeons, surgical robots can perform complex procedures with geometric precision. This leads to a growing demand for robots by surgeons and patients.
Robotic surgery or robot-assisted surgery enables doctors to perform certain forms of complex procedures with greater precision, versatility, and control than traditional techniques. Robotic surgery is generally associated with minimally invasive surgery with small incisions. It is also sometimes used in conventional open operations.
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On the basis of the component, the surgical robotics market can be divided into:
The surgery type can be divided into:
The EMR report looks into the regional surgical robotics markets like North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
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The increased demand for healthcare automation, the increased prevalence of chronic illnesses, the rising geriatric population, the difficulty of surgical procedures, and the growing demand for more precise and versatile non-invasive operations is driving the market growth. The increasing technological developments are expected to increase market penetration over the forecast period 2024-2032. The implementation of robotic procedure reduced the complications related to surgeries and allowed surgeons to do better work than the conventional open-surgical and laparoscopic methods.
High installation costs, safety concerns, integration issues, and the need for technically qualified personnel are among the factors limiting the market growth. The costs, however, are expected to reduce in the coming years owing to technological advancements in the industry.
The report presents a detailed analysis of the following key players in the global surgical robotics market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the surgical robotics market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
---|---|
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Surgery Type, Region |
Breakup by Component | Surgical Systems, Accessories, Services |
Breakup by Surgery Type | Gynaecological Surgery, Urological Surgery, Neurosurgery, Orthopaedic Surgery, General Surgery, Others |
Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
Companies Covered | Johnson & Johnson, Intuitive Surgical, Inc., KUKA AG, MAKO Surgical Corp., Renishaw plc, THINK Surgical, Inc., Auris Health, Inc., Medtronic plc, Smith & Nephew plc, Others |
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Surgical Robotics Market Analysis
8.1 Key Industry Highlights
8.2 Global Surgical Robotics Historical Market (2018-2023)
8.3 Global Surgical Robotics Market Forecast (2024-2032)
8.4 Global Surgical Robotics Market by Component
8.4.1 Surgical Systems
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Accessories
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Surgical Robotics Market by Surgery Type
8.5.1 Gynaecological Surgery
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Urological Surgery
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Neurosurgery
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Orthopaedic Surgery
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 General Surgery
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Surgical Robotics Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Surgical Robotics Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Surgical Robotics Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Surgical Robotics Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Surgical Robotics Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Surgical Robotics Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Johnson & Johnson
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Intuitive Surgical, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 KUKA AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 MAKO Surgical Corp.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Renishaw plc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 THINK Surgical, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Auris Health, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Medtronic plc
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Smith & Nephew plc
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Surgical Robotics Market: Key Industry Highlights, 2018 and 2032
2. Global Surgical Robotics Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Surgical Robotics Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Surgical Robotics Historical Market: Breakup by Surgery Type (USD Billion), 2018-2023
5. Global Surgical Robotics Market Forecast: Breakup by Surgery Type (USD Billion), 2024-2032
6. Global Surgical Robotics Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Surgical Robotics Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Surgical Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Surgical Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Surgical Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Surgical Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Surgical Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Surgical Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Surgical Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Surgical Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Surgical Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Surgical Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Surgical Robotics Market Structure
In 2023, the global surgical robotics market attained a value of nearly USD 7.32 billion.
The market is expected to grow at a CAGR of about 19.90% in the forecast period of 2024-2032.
The major drivers of the market include the increasing geriatric population, difficulty of surgical procedures, growing demand for more precise and versatile non-invasive operations, and increasing technological developments.
The increased demand for healthcare automation, increased prevalence of chronic illnesses, and the ability of surgical robotics to perform complex procedures are the key trends guiding the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Surgical systems, accessories, and services are the leading components in the global surgical robotics market.
Gynaecological surgery, urological surgery, neurosurgery, orthopaedic surgery, and general surgery, among others are the major surgery types in the market.
The major players in the market are Johnson & Johnson, Intuitive Surgical, Inc., KUKA AG, MAKO Surgical Corp., Renishaw plc, THINK Surgical, Inc., Auris Health, Inc., Medtronic plc, and Smith & Nephew plc, among others.
The global surgical robotics market attained a value of USD 7.32 billion in 2023 driven by the increased demand for healthcare automation. Aided by the rising geriatric population and increased prevalence of chronic illnesses,the market is further anticipated to grow significantly at a CAGR of 19.90% in the forecast period during 2024-2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on components, the market is divided into surgical systems, accessories, and services. On the basis of surgery types, the market is divided into gynaecological surgery, urological surgery, neurosurgery, orthopaedic surgery, and general surgery, among others. The major regional markets for surgical robotics market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Johnson and Johnson, Intuitive Surgical, Inc., KUKA AG, MAKO Surgical Corp., Renishaw plc, THINK Surgical, Inc., Auris Health, Inc., Medtronic plc, and Smith & Nephew plc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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