Global Microsurgical Robot Market Size, Trends and Growth Opportunity, By Component (Instruments and Accessories), Application (Urology Surgery, Plastic Reconstructive Surgery, Ophthalmic Surgery, Neurosurgery, Lymphatic Surgery, ENT Surgery, and Others), and End User (Hospitals & Clinics, Ambulatory Surgical Centers, Research Institutes, and Others), By Region and Forecast Till 2027.
Global Microsurgical Robot Market
The Global Microsurgical Robot Market was valued at US$ 1.2 billion in 2021 and it is expected to reach at US$ 2.7 billion in 2027 at a CAGR of 10.92% during forecast period 2022-2027.
Microsurgeries, which include intracorporal and extracorporeal surgical operations, are carried out by micro-surgical robots. Robots can help in more flexible and accurate complex surgical procedures than is achievable with traditional techniques. Small incisions are used during minimally invasive surgical operations by microsurgical robots. Fewer complications, minor scarring, less blood loss, and faster healing are benefits of microsurgical robots.
Market Drivers
The demand for minimally invasive procedures will drive the expansion of the microsurgery robot market. Due to their many benefits, including smaller incisions, quicker healing, and shorter hospital stays, minimally invasive operations are becoming more and more popular and widely used, which is boosting market demand. Due to their sophisticated characteristics, microsurgery robots improve patient outcomes. For instance, 3D imaging cameras on surgical robots provide both enhanced imaging and magnification. Robotic arms also enable better dexterity and remove hand tremors.
Market Restraints
The development of the market may be hampered by elements like high production costs and a lack of knowledge about robotic surgery in undeveloped nations. Additionally, there are risks associated with it, some of which may be comparable to those of traditional open surgery, such as a slight risk of infection and other problems.
Market Segmentation
The global microsurgical robot market segmented into component, application and end user. By component it segmented into instruments and accessories. By application it segmented into urology surgery, plastic reconstructive surgery, ophthalmic surgery, neurosurgery, lymphatic surgery, ENT surgery, and others. By end user it segmented into hospitals & clinics, ambulatory surgical centers, research institutes, and others.
Regional Analysis
The global microsurgical robot market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The global market for microsurgery robots has the highest revenue share in North America. Due to consumers' high levels of disposable income and willingness to pay for robotic surgery, the United States dominates the industry in this region. Due to increased research and development into microsurgery robots, the market is predicted to rise significantly in Asia Pacific.
Key Players
Various key players are listed in this report such as MMI S.p.A., Microsure B.V., Stryker Corporation, Intuitive Surgical, Inc., Medtronic, Galen Robotics, Inc., Asensus Surgical, Inc., Zimmer Biomet, Titan Medical Inc., and ForSight Robotics LTD.
Market Taxonomy
By Component
Instruments
Accessories
By Application
Urology Surgery
Plastic Reconstructive Surgery
Ophthalmic Surgery
Neurosurgery
Lymphatic Surgery
ENT surgery
Others
By End User
Hospitals & Clinics
Ambulatory Surgical Centers
Research Institutes
Others
Key Question Addressed by the Report
What are the Key Opportunities in Global Microsurgical Robot Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Microsurgical Robot Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Microsurgical Robot Market, By Component
- 5.1 Y-o-Y Growth Comparison, By Component
- 5.2 Global Microsurgical Robot Market Share Analysis, By Component
- 5.3 Global Microsurgical Robot Market Size and Forecast, By Component
- 5.3.1 Instruments
- 5.3.2 Accessories
- 6 Global Microsurgical Robot Market, By Application
- 6.1 Y-o-Y Growth Comparison, By Application
- 6.2 Global Microsurgical Robot Market Share Analysis, By Application
- 6.3 Global Microsurgical Robot Market Size and Forecast, By Application
- 6.3.1 Urology Surgery
- 6.3.2 Plastic Reconstructive Surgery
- 6.3.3 Ophthalmic Surgery
- 6.3.4 Neurosurgery
- 6.3.5 Lymphatic Surgery
- 6.3.6 ENT surgery
- 6.3.7 Others
- 7 Global Microsurgical Robot Market, By Function
- 7.1 Y-o-Y Growth Comparison, By Function
- 7.2 Global Microsurgical Robot Market Share Analysis, By Function
- 7.3 Global Microsurgical Robot Market Share Analysis, By Function
- 7.3.1 Hospitals & Clinics
- 7.3.2 Ambulatory Surgical Centers
- 7.3.3 Research Institutes
- 8 Global Microsurgical Robot Market, By Region
- 8.1 Global Microsurgical Robot Market Share Analysis, By Region
- 8.2 Global Microsurgical Robot Market Share Analysis, By Region
- 9 North America Microsurgical Robot Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Microsurgical Robot Market Share Analysis, By Component
- 9.3 North America Microsurgical Robot Market Size and Forecast, By Application
- 9.4 North America Microsurgical Robot Market Size and Forecast, By Function
- 9.5 North America Microsurgical Robot Market Size and Forecast, By Country
- 9.5.1 U.S
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 Europe Microsurgical Robot Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Microsurgical Robot Market Share Analysis, By Component
- 10.3 Europe Microsurgical Robot Market Size and Forecast, By Application
- 10.4 Europe Microsurgical Robot Market Size and Forecast, By Function
- 10.5 Europe Microsurgical Robot Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Microsurgical Robot Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Microsurgical Robot Market Size and Forecast, By Component
- 11.3 Asia Pacific Microsurgical Robot Market Size and Forecast, By Application
- 11.4 Asia Pacific Microsurgical Robot Market Size and Forecast, By Function
- 11.5 Asia Pacific Microsurgical Robot Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12 Latin America Microsurgical Robot Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Microsurgical Robot Market Size and Forecast, By Component
- 12.3 Latin America Microsurgical Robot Market Size and Forecast, By Application
- 12.4 Latin America Microsurgical Robot Market Size and Forecast, By Function
- 12.5 Latin America Microsurgical Robot Market Size and Forecast, By Country
- 12.5.1 Brazil
- 12.5.2. Rest of Latin America
- 13 Middle East Microsurgical Robot Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle Microsurgical Robot Market Share Analysis, By Component
- 13.3 Middle Microsurgical Robot Market Size and Forecast, By Application
- 13.4 Middle Microsurgical Robot Market Size and Forecast, By Function
- 13.5 Middle Microsurgical Robot Market Size and Forecast, By Country
- 13.5.1. Saudi Arabia
- 13.5.2. UAE
- 13.5.3. Egypt
- 13.5.4. Kuwait
- 13.5.5. South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1. MMI S.p.A.
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Development
- 15.1.6 Key Strategies
- 15.2. Microsure B.V.
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. Stryker Corporation
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4. Intuitive Surgical, Inc.
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5. Medtronic
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6. Galen Robotics, Inc.
- 15.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7. Asensus Surgical, Inc.
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8. Zimmer Biomet
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9. Titan Medical Inc.
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10. ForSight Robotics LTD
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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