Surgical Robots Market by Component (Instrument & Accessories, Services, Surgical System), Application (Cardiovascular, Gynecological Surgery, Laparoscopy), End-User - Global Forecast 2024-2030

Surgical Robots Market by Component (Instrument & Accessories, Services, Surgical System), Application (Cardiovascular, Gynecological Surgery, Laparoscopy), End-User - Global Forecast 2024-2030

The Surgical Robots Market size was estimated at USD 90.12 billion in 2023 and expected to reach USD 102.45 billion in 2024, at a CAGR 15.52% to reach USD 247.53 billion by 2030.

Global Surgical Robots MarketThe utilization of surgical robots is increasing to perform surgery procedures, which reduces surgical errors. These surgical robots are computer-controlled devices that assist in surgical instrument positioning and manipulation, allowing the surgeon to perform more complex tasks, including neurosurgical biopsies. These surgical robots can precisely mimic the surgeon's movements and maintain command throughout the procedure. Furthermore, the adoption of surgical robots is significantly increasing in orthopedic surgical procedures owing to their precise movements that preserve the bone and tissues of the patients.These surgical robots autonomously assist surgeons in placing surgical implants and help in joint replacement, such as hip and knee replacement and guide medical professionals in an appropriate and effective arrangement of the instruments. Additionally, these surgical robots aid in closed fracture reduction and reconstruction and aids surgeons in providing a minimally invasive incision in spine surgery. However, surgical robots' high installation and maintenance costs and malfunction issues are hampering the market's growth. Moreover, as technology advances in surgical robots, and expected to create opportunities for the surgical robots market.

Regional Insights

The advanced healthcare facilities and adoption of surgical robots owing to the easy accessibility of upgraded surgical robots across North American regions contribute to the growth of the surgical robot market. Furthermore, medical tourism is significantly increasing in various countries, including Thailand and Malaysia, South Korea, India, and China owing to low treatment costs and the adoption of advanced technologies and investments in hospitals are propelling the growth of surgical robots across Asia-Pacific region. Moreover, the increasing prevalence of diseases, including cardiovascular disease, has expanded the need for surgical procedures across Europe and the Middle East and Africa region, creating opportunities to grow the surgical robotics market.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Surgical Robots Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Surgical Robots Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Surgical Robots Market, highlighting leading vendors and their innovative profiles. These include Accuray Incorporated, AcuSurgical, Asensus Surgical US, Inc., avateramedical GmbH, Brainlab AG, CMR Surgical Ltd., Corin Group, Diligent Robotics Inc., eCential Robotics, EndoQuest Robotics, Inc., Globus Medical, Intuitive Surgical, Inc., Johnson & Johnson Services. Inc., KUKA AG by Midea Group, Medicaroid Corporation, Medtronic PLC, meerecompany Inc., Microsure BV, Momentis Innovative Surgery Ltd., Monogram Orthopaedics, Inc., Monteris Medical Corporation, Preceves BV by Carl Zeiss Meditech AG, Renishaw PLC, Siemens Healthcare GmbH, Smith & Nephew PLC, SRI International, Stryker Corporation, Think Surgical, Inc., Titan Medical Inc., and Zimmer Diomot.

Market Segmentation & Coverage

This research report categorizes the Surgical Robots Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Instrument & Accessories
Services
Surgical System
Application
Cardiovascular
Gynecological Surgery
Laparoscopy
Neurosurgery
Orthopedic Surgery
Urology
End-User
Ambulatory Surgical Centers
Hospitals & Clinics
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Surgical Robots Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Surgical Robots Market?
3. What are the technology trends and regulatory frameworks in the Surgical Robots Market?
4. What is the market share of the leading vendors in the Surgical Robots Market?
5. Which modes and strategic moves are suitable for entering the Surgical Robots Market?

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