North America Surgical Robotics Market Forecast 2024-2032
KEY FINDINGS
The North America surgical robotics market is expected to project a CAGR of 9.12% during the forecast period, 2024-2032. Transitioning healthcare models towards value-based care, wherein reimbursements are driven by quality outcomes, encourages the uptake of robotics, frequently leading to improved patient results.
MARKET INSIGHTS
Canada and the United States are evaluated for the North America surgical robotics market growth analysis. Ontario Health's recent declaration extends OHIP funding eligibility to three categories of robotic-assisted surgery, notably including procedures tailored for Prostate Cancer treatment. Concurrently, Synaptive has disclosed securing a significant $40 million investment from Export Development Canada (EDC) to accelerate the development of surgical, imaging, and data technologies.
This investment aims to advance Canadian-crafted surgical robotics, MRI systems, and data platforms primarily for medical imaging and operational integration within operating rooms. The injection of such substantial funding into surgical robotics marks a pivotal force propelling the Canadian market. By investing in innovative technologies, particularly in surgical robotics, imaging, and data-driven solutions, these initiatives introduce a transformative wave in Canadian healthcare.
Strategically allocating funds toward enhancing Canadian-made surgical robotics and complementary technologies underscores a concerted effort to drive the adoption and utilization of cutting-edge medical innovations. This financial support not only fosters the development of state-of-the-art systems but also increases accessibility, empowering healthcare providers across Canada to leverage advanced tools for enhancing patient care and treatment outcomes. Consequently, such investments are crucial in energizing the Canadian market, positioning it as a leader in technological innovation and progress in medical interventions and surgical advancements.
COMPETITIVE INSIGHTS
Some of the leading companies in the market include Zimmer Biomet Holdings Inc, Smith & Nephew, Stryker Corporation, Accuray Incorporated, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.4.1. Impact Of Covid-19 On Surgical Robotics Market
- 2.5. Major Market Findings
- 2.5.1. Significant Transformation Due To Automated Microsurgery
- 2.5.2. Technological Advancements In Minimally Invasive Surgeries
- 2.5.3. Robotic Telesurgery Is Becoming Feasible
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Surging Elderly Population
- 3.1.2. Integration Of Ai-ml In Robotic Surgery Systems
- 3.1.3. Deployment Of Robotics In Healthcare
- 3.2. Key Restraints
- 3.2.1. Potential Hazards Associated With Robotic Surgery
- 3.2.2. High Installation Costs Of Robotic Surgery Systems
- 3.2.3. Lack Of Trained Professionals
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.1.1. Applications Of Artificial Intelligence (Ai)
- 4.1.2. Big Data Use Augments The Decision-making Capabilities
- 4.1.3. Miniature Robots Enhance Accuracy And Reduce Invasiveness
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.4. Market Concentration Analysis
- 5. Market By Product & Service
- 5.1. Robotic Systems
- 5.1.1. Market Forecast Figure
- 5.1.2. Segment Analysis
- 5.2. Instruments & Accessories
- 5.2.1. Market Forecast Figure
- 5.2.2. Segment Analysis
- 5.3. Services
- 5.3.1. Market Forecast Figure
- 5.3.2. Segment Analysis
- 6. Market By Application
- 6.1. Gynecological Surgery
- 6.1.1. Market Forecast Figure
- 6.1.2. Segment Analysis
- 6.2. Urological Surgery
- 6.2.1. Market Forecast Figure
- 6.2.2. Segment Analysis
- 6.3. Neurosurgery
- 6.3.1. Market Forecast Figure
- 6.3.2. Segment Analysis
- 6.4. Orthopedic Surgery
- 6.4.1. Market Forecast Figure
- 6.4.2. Segment Analysis
- 6.5. General Surgery
- 6.5.1. Market Forecast Figure
- 6.5.2. Segment Analysis
- 6.6. Other Applications
- 6.6.1. Market Forecast Figure
- 6.6.2. Segment Analysis
- 7. Market By End-user
- 7.1. Hospitals
- 7.1.1. Market Forecast Figure
- 7.1.2. Segment Analysis
- 7.2. Ambulatory Surgery Centers
- 7.2.1. Market Forecast Figure
- 7.2.2. Segment Analysis
- 7.3. Other End-users
- 7.3.1. Market Forecast Figure
- 7.3.2. Segment Analysis
- 8. Geographical Analysis
- 8.1. North America
- 8.1.1. Market Size & Estimates
- 8.1.2. North America Surgical Robotics Market Drivers
- 8.1.3. North America Surgical Robotics Market Challenges
- 8.1.4. Key Players In North America Surgical Robotics Market
- 8.1.5. Country Analysis
- 8.1.5.1. United States
- 8.1.5.1.1. United States Surgical Robotics Market Size & Opportunities
- 8.1.5.2. Canada
- 8.1.5.2.1. Canada Surgical Robotics Market Size & Opportunities
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Mergers & Acquisitions
- 9.1.2. Product Launches & Developments
- 9.1.3. Partnerships & Agreements
- 9.1.4. Business Expansions
- 9.2. Company Profiles
- 9.2.1. Ethicon
- 9.2.1.1. Company Overview
- 9.2.1.2. Product List
- 9.2.1.3. Strengths & Challenges
- 9.2.2. Zimmer Biomet Holdings Inc
- 9.2.2.1. Company Overview
- 9.2.2.2. Product List
- 9.2.2.3. Strengths & Challenges
- 9.2.3. Smith & Nephew
- 9.2.3.1. Company Overview
- 9.2.3.2. Product List
- 9.2.3.3. Strengths & Challenges
- 9.2.4. Stryker Corporation
- 9.2.4.1. Company Overview
- 9.2.4.2. Product List
- 9.2.4.3. Strengths & Challenges
- 9.2.5. Accuray Incorporated
- 9.2.5.1. Company Overview
- 9.2.5.2. Product List
- 9.2.5.3. Strengths & Challenges
- 9.2.6. Globus Medical Inc
- 9.2.6.1. Company Overview
- 9.2.6.2. Product List
- 9.2.6.3. Strengths & Challenges
- 9.2.7. Intuitive Surgical Inc
- 9.2.7.1. Company Overview
- 9.2.7.2. Product List
- 9.2.7.3. Strengths & Challenges
- 9.2.8. Medtronic Plc
- 9.2.8.1. Company Overview
- 9.2.8.2. Product List
- 9.2.8.3. Strengths & Challenges
- 9.2.9. Medrobotics Corporation
- 9.2.9.1. Company Overview
- 9.2.9.2. Product List
- 9.2.9.3. Strengths & Challenges
- 9.2.10. Stereotaxis Inc
- 9.2.10.1. Company Overview
- 9.2.10.2. Product List
- 9.2.10.3. Strengths & Challenges
- 9.2.11. Asensus Surgical Inc
- 9.2.11.1. Company Overview
- 9.2.11.2. Product List
- 9.2.11.3. Strengths & Challenges
- 9.2.12. Titan Medical Inc
- 9.2.12.1. Company Overview
- 9.2.12.2. Product List
- 9.2.12.3. Strengths & Challenges
- 9.2.13. Synaptive Medical Inc
- 9.2.13.1. Company Overview
- 9.2.13.2. Product List
- 9.2.14. Think Surgical Inc
- 9.2.14.1. Company Overview
- 9.2.14.2. Product List
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