Asia-Pacific Surgical Robotics Market: Trends for 2024-2032
Demand for minimally invasive procedures drives the growth of the surgical robots market.
SURGICAL ROBOTICS MARKET SCOPE
Triton’s research report infers that the Asia-Pacific surgical robotics market is deemed to register revenue growth at 10.30% CAGR during the forecast period 2024-2032. China dominates the market, registering $947.67 million in 2023.
The key segments of the reviewed market comprise application, type, vertical, and country outlook.
The surgical robotics market in the Asia-Pacific region is being driven by the demand for advanced medical technologies and the need for improved patient outcomes, reduced hospitalization durations, and quicker recovery. Considering the prevalence of various types of cancer in elderly patients, healthcare providers are keen on utilizing robotic surgery benefits for precise and minimally invasive procedures. The popularity of this region as a leading hub for medical tourism is also influencing the adoption of surgical robotics technology in cost-effective surgeries.
Some major companies, like CMR Surgical Ltd, Accuracy Incorporated, Globus Medical, Ethicon, Intuitive Surgical, etc., are leading the market’s progress.
SURGICAL ROBOTS MARKET CURRENT PERFORMANCE: COUNTRY ANALYSIS
Countries like Australia & New Zealand, Japan, ASEAN countries, China, India, South Korea, and the Rest of Asia-Pacific are examined in this research report.
Development in the South Korean Surgical Robotics Market
The government of the country has taken a strategic initiative by announcing the Korean New Deal, which prioritizes digital-driven healthcare, allocating $130 billion by 2025. This new deal emphasizes robotics in surgery, fostering adoption among hospitals and surgeons. Such financial support drives competitiveness among surgical robot manufacturers, prompting innovation. The awareness and widespread acceptance of robotic surgery, particularly in specialized fields such as orthopedics, is transforming medical practices across the country, leading to the growth of the studied market.
Promising Growth in India’s Surgical Robotics Market
In May 2023, the All-India Institute of Medical Sciences (AIIMS) in New Delhi launched a state-of-the-art training facility dedicated to surgical robotics. This facility will provide specialized training for resident doctors and faculty, featuring a wet lab and SET facility (Skills, e-learning, telemedicine). With a focus on robotic-assisted surgery, the center will offer comprehensive training through simulation exercises and hands-on sessions, aiming to bridge the gap between theory and practice. These initiatives are key drivers influencing the surgical robotics market in India.
What’s new in the Surgical Robots Market?
The competitive growth among businesses helps us dive into recent developments by the major players in the surgical robots industry. The latest strategic initiatives are discussed below:
New Product Feature: Smith+Nephew (February 2024)
Introduced at the annual meeting of the American Academy of Orthopedic Surgeons (AAOS) 2024, Smith+Nephew revealed a new feature to its CORI Surgical System, which aims to customize surgeries, improve efficiency, and enhance performance in orthopedic reconstruction.
- 1. Asia-pacific Surgical Robotics Market - Summary
- 2. Industry Outlook
- 2.1. Technology Snapshot
- 2.2. Parent Market Analysis: Medical And Surgical Robotics Market
- 2.3. Impact Analysis On The Surgical Robotics Market
- 2.3.1. Covid-19 Impact On The Surgical Robotics Market
- 2.4. Porter’s Five Forces Analysis
- 2.4.1. Threat Of New Entrants
- 2.4.2. Threat Of Substitutes
- 2.4.3. Bargaining Power Of Buyers
- 2.4.4. Bargaining Power Of Suppliers
- 2.4.5. Threat Of Competitive Rivalry
- 2.5. Key Buying Impact Analysis
- 2.5.1. Technology
- 2.5.2. Cost
- 2.5.3. Safety
- 2.6. Key Market Strategies
- 2.6.1. Collaborations
- 2.6.2. Product Launches
- 2.6.3. Acquisitions
- 2.6.4. Business Expansions
- 2.7. Market Drivers
- 2.7.1. Rise In The Geriatric Population And Increasing Number Of Surgeries
- 2.7.2. Incorporation Of Artificial Intelligence (Ai) And Machine Learning (Ml) In Robotic Surgery Systems
- 2.7.3. Surge In Adoption Of Robotics In The Healthcare Industry
- 2.8. Market Challenges
- 2.8.1. Risks In Robotic Surgery
- 2.8.2. Significant Installation Costs
- 2.8.3. Shortage Of Skilled Workforce
- 2.9. Market Opportunities
- 2.9.1. Growing Applications Of Artificial Intelligence
- 2.9.2. Integration Of Big Data In Surgical Robotics
- 2.9.3. Enhanced Accuracy With Miniature Robots
- 2.10. Analyst Perspective
- 2.10.1. Benefits Of Automated Microsurgery
- 2.10.2. Advancements In Minimally Invasive Surgeries
- 2.10.3. Surge In Demand For Robotic Telesurgery
- 3. Asia-pacific Surgical Robotics Market – By Type
- 3.1. Robotic Systems
- 3.2. Instruments & Accessories
- 3.3. Services
- 4. Asia-pacific Surgical Robotics Market – By Application
- 4.1. Gynecological Surgery
- 4.2. Urological Surgery
- 4.3. Neurosurgery
- 4.4. Orthopedic Surgery
- 4.5. General Surgery
- 4.6. Other Applications
- 5. Asia-pacific Surgical Robotics Market – By Vertical
- 5.1. Hospitals
- 5.2. Ambulatory Surgery Centers
- 5.3. Other Verticals
- 6. Asia-pacific Surgical Robotics Market – By Country Outlook
- 6.1. Asia-pacific
- 6.1.1. Country Analysis
- 6.1.1.1. China
- 6.1.1.1.1. China Surgical Robotics Market Forecast & Prospects
- 6.1.1.2. Japan
- 6.1.1.2.1. Japan Surgical Robotics Market Forecast & Prospects
- 6.1.1.3. India
- 6.1.1.3.1. India Surgical Robotics Market Forecast & Prospects
- 6.1.1.4. South Korea
- 6.1.1.4.1. South Korea Surgical Robotics Market Forecast & Prospects
- 6.1.1.5. Asean Countries
- 6.1.1.5.1. Asean Countries Surgical Robotics Market Forecast & Prospects
- 6.1.1.6. Australia & New Zealand
- 6.1.1.6.1. Australia & New Zealand Surgical Robotics Market Forecast & Prospects
- 6.1.1.7. Rest Of Asia-pacific
- 6.1.1.7.1. Rest Of Asia-pacific Surgical Robotics Market Forecast & Prospects
- 7. Competitive Landscape
- 7.1. Accuracy Incorporated
- 7.1.1. Overview
- 7.1.2. Portfolio
- 7.1.3. Key Strengths
- 7.1.4. Key Challenges
- 7.2. Cmr Surgical Ltd
- 7.2.1. Overview
- 7.2.2. Portfolio
- 7.2.3. Key Strengths
- 7.2.4. Key Challenges
- 7.3. Ethicon
- 7.3.1. Overview
- 7.3.2. Portfolio
- 7.3.3. Key Strengths
- 7.3.4. Key Challenges
- 7.4. Globus Medical
- 7.4.1. Overview
- 7.4.2. Portfolio
- 7.4.3. Key Strengths
- 7.4.4. Key Challenges
- 7.5. Intuitive Surgical
- 7.5.1. Overview
- 7.5.2. Portfolio
- 7.5.3. Key Strengths
- 7.5.4. Key Challenges
- 7.6. Smith & Nephew
- 7.6.1. Overview
- 7.6.2. Portfolio
- 7.6.3. Key Strengths
- 7.6.4. Key Challenges
- 7.7. Medtronic Plc
- 7.7.1. Overview
- 7.7.2. Portfolio
- 7.7.3. Key Strengths
- 7.7.4. Key Challenges
- 7.8. Stryker Corporation
- 7.8.1. Overview
- 7.8.2. Portfolio
- 7.8.3. Key Strengths
- 7.8.4. Key Challenges
- 7.9. Zimmer Biomet Holdings Inc
- 7.9.1. Overview
- 7.9.2. Portfolio
- 7.9.3. Key Strengths
- 7.9.4. Key Challenges
- 7.10. Stereotaxis Inc
- 7.10.1. Overview
- 7.10.2. Portfolio
- 7.10.3. Key Strengths
- 7.10.4. Key Challenges
- 8. Research Methodology & Scope
- 8.1. Research Scope & Deliverables
- 8.2. Sources Of Data
- 8.3. Research Methodology
- Tables List
- Table 1: Asia-pacific Surgical Robotics Market, By Country Outlook, 2024-2032 (In $ Million)
- Table 2: List Of Collaborations
- Table 3: List Of Product Launches
- Table 4: List Of Acquisitions
- Table 5: List Of Business Expansions
- Table 6: Asia-pacific Surgical Robotics Market, By Type, 2024-2032 (In $ Million)
- Table 7: Asia-pacific Surgical Robotics Market, By Application, 2024-2032 (In $ Million)
- Table 8: Asia-pacific Surgical Robotics Market, By Vertical, 2024-2032 (In $ Million)
- Table 9: Asia-pacific Surgical Robotics Market, By Country Outlook, 2024-2032 (In $ Million)
- Figures List
- Figure 1: Technology Snapshot
- Figure 2: Porter’s Five Forces Analysis
- Figure 3: Key Buying Impact Analysis
- Figure 4: Asia-pacific Surgical Robotics Market, By Type, 2023 & 2032 (In %)
- Figure 5: Asia-pacific Surgical Robotics Market, By Robotic Systems, 2024-2032 (In $ Million)
- Figure 6: Asia-pacific Surgical Robotics Market, By Instruments & Accessories, 2024-2032 (In $ Million)
- Figure 7: Asia-pacific Surgical Robotics Market, By Services, 2024-2032 (In $ Million)
- Figure 8: Asia-pacific Surgical Robotics Market, By Application, 2023 & 2032 (In %)
- Figure 9: Asia-pacific Surgical Robotics Market, By Gynecological Surgery, 2024-2032 (In $ Million)
- Figure 10: Asia-pacific Surgical Robotics Market, By Urological Surgery, 2024-2032 (In $ Million)
- Figure 11: Asia-pacific Surgical Robotics Market, By Neurosurgery, 2024-2032 (In $ Million)
- Figure 12: Asia-pacific Surgical Robotics Market, By Orthopedic Surgery, 2024-2032 (In $ Million)
- Figure 13: Asia-pacific Surgical Robotics Market, By General Surgery, 2024-2032 (In $ Million)
- Figure 14: Asia-pacific Surgical Robotics Market, By Other Applications, 2024-2032 (In $ Million)
- Figure 15: Asia-pacific Surgical Robotics Market, By Vertical, 2023 & 2032 (In %)
- Figure 16: Asia-pacific Surgical Robotics Market, By Hospitals, 2024-2032 (In $ Million)
- Figure 17: Asia-pacific Surgical Robotics Market, By Ambulatory Surgery Centers, 2024-2032 (In $ Million)
- Figure 18: Asia-pacific Surgical Robotics Market, By Other Verticals, 2024-2032 (In $ Million)
- Figure 19: Asia-pacific Surgical Robotics Market, By Country Outlook, 2023 & 2032 (In %)
- Figure 20: China Surgical Robotics Market 2024-2032 (In $ Million)
- Figure 21: Japan Surgical Robotics Market 2024-2032 (In $ Million)
- Figure 22: India Surgical Robotics Market 2024-2032 (In $ Million)
- Figure 23: South Korea Surgical Robotics Market 2024-2032 (In $ Million)
- Figure 24: Asean Countries Surgical Robotics Market 2024-2032 (In $ Million)
- Figure 25: Australia & New Zealand Surgical Robotics Market 2024-2032 (In $ Million)
- Figure 26: Rest Of Asia-pacific Surgical Robotics Market 2024-2032 (In $ Million)
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