Published Year: 2023
Asia-Pacific Surgical Robotics Market - Analysis and Forecast, 2022-2032
The Asia-Pacific surgical robotics market was valued at $1,637.6 million in 2022 and is...
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Table of Contents
1.1 Product Definition
1.2 Inclusion and Exclusion Criteria
2.1 Key Questions Answered in this Report
3.1 Global Autonomous Surgical Robotics Market
3.2 Data Sources
3.2.1 Primary Data Sources
3.2.2 Secondary Data Sources
3.3 Market Estimation Model
3.3.1 Assumptions and Limitations
3.3.2 Global Market Scenario
3.3.2.1 Realistic Growth Scenario
3.3.2.2 Optimistic Scenario
3.3.2.3 Pessimistic Scenario
3.4 Criteria for Company Profiling
4.1 Overview
4.2 Global Autonomous Surgical Robotics Market Overview (Glimpse into the Future)
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Latin America
4.2.5 General Surgery
4.2.6 Urology Surgery
4.2.7 Orthopedic Surgery
4.2.8 Cardiology Surgery
4.2.9 Neurosurgery
4.2.10 Other Surgeries
4.3 Global Autonomous Surgical Robotics Market Industry Snapshot
4.3.1 Product Overview
4.3.2 Commercial Landscape by Product Type
4.3.2.1 Consumables (Instruments and Disposables)
4.3.2.2 Sensors
4.3.2.3 Electronic Parts
4.3.2.4 Mechanical Components
4.3.2.5 Visualization and Documentation
4.3.2.6 Accessories and Other Parts
4.3.3 Competitive Landscape by Product Suppliers to Original Equipment Manufacturers (OEMs)
4.3.3.1 Consumables (Instruments and Disposables)
4.3.3.1.1 Paragon Medical
4.3.3.1.1.1 Overview
4.3.3.1.1.2 Product Portfolio
4.3.3.1.1.3 Key Customers
4.3.3.1.1.4 Key Developments
4.3.3.1.2 Cadence, Inc.
4.3.3.1.2.1 Overview
4.3.3.1.2.2 Product Portfolio
4.3.3.1.2.3 Key Customers
4.3.3.1.2.4 Key Developments
4.3.3.1.3 Elos Medtech AB
4.3.3.1.3.1 Overview
4.3.3.1.3.2 Product Portfolio
4.3.3.1.3.3 Key Customers
4.3.3.1.4 Carolina Precision Technologies, LLC
4.3.3.1.4.1 Overview
4.3.3.1.4.2 Product Portfolio
4.3.3.1.4.3 Key Customers
4.3.3.1.5 ARCH Medical Solutions Corp
4.3.3.1.5.1 Overview
4.3.3.1.5.2 Product Portfolio
4.3.3.1.5.3 Key Customers
4.3.3.1.5.4 Key Developments
4.3.3.2 Sensors
4.3.3.2.1 TE Connectivity Ltd
4.3.3.2.1.1 Overview
4.3.3.2.1.2 Product Portfolio
4.3.3.2.1.3 Key Customers
4.3.3.2.2 FUTEK Advanced Sensor Technology, Inc.
4.3.3.2.2.1 Overview
4.3.3.2.2.2 Product Portfolio
4.3.3.2.2.3 Key Customers
4.3.3.2.3 Tekscan, Inc.
4.3.3.2.3.1 Overview
4.3.3.2.3.2 Product Portfolio
4.3.3.2.3.3 Key Customers
4.3.3.2.3.4 Recent Developments
4.3.3.2.4 Bota Systems AG
4.3.3.2.4.1 Overview
4.3.3.2.4.2 Product Portfolio
4.3.3.2.4.3 Key Customers
4.3.3.2.4.4 Key Developments
4.3.3.2.5 Strain Measurement Devices
4.3.3.2.5.1 Overview
4.3.3.2.5.2 Product Portfolio
4.3.3.2.5.3 Key Customers
4.3.3.2.6 Honeywell International Inc.
4.3.3.2.6.1 Overview
4.3.3.2.6.2 Product Portfolio
4.3.3.2.6.3 Key Customers
4.3.3.3 Electronic Parts
4.3.3.3.1 Celera Motion
4.3.3.3.1.1 Overview
4.3.3.3.1.2 Product Portfolio
4.3.3.3.1.3 Key Customers
4.3.3.3.1.4 Key Developments
4.3.3.3.2 AstrodyneTDI
4.3.3.3.2.1 Overview
4.3.3.3.2.2 Product Portfolio
4.3.3.3.2.3 Key Customers
4.3.3.3.2.4 Key Developments
4.3.3.3.3 ElectroCraft, Inc.
4.3.3.3.3.1 Overview
4.3.3.3.3.2 Product Portfolio
4.3.3.3.3.3 Key Customers
4.3.3.3.3.4 Recent Developments
4.3.3.3.4 HEIDENHAIN
4.3.3.3.4.1 Overview
4.3.3.3.4.2 Product Portfolio
4.3.3.3.4.3 Key Customers
4.3.3.3.4.4 Key Developments
4.3.3.3.5 Ewellix AB
4.3.3.3.5.1 Overview
4.3.3.3.5.2 Product Portfolio
4.3.3.3.5.3 Key Customers
4.3.3.3.5.4 Key Developments
4.3.3.4 Mechanical Components
4.3.3.4.1 Precipart
4.3.3.4.1.1 Overview
4.3.3.4.1.2 Product Portfolio
4.3.3.4.1.3 Key Customers
4.3.3.4.2 Designatronics Inc.
4.3.3.4.2.1 Overview
4.3.3.4.2.2 Product Portfolio
4.3.3.4.2.3 Key Customers
4.3.3.4.3 GCM
4.3.3.4.3.1 Overview
4.3.3.4.3.2 Product Portfolio
4.3.3.4.3.3 Key Customers
4.3.3.4.4 Kalman Manufacturing
4.3.3.4.4.1 Overview
4.3.3.4.4.2 Product Portfolio
4.3.3.4.4.3 Key Customers
4.3.3.4.5 WM Berg Inc.
4.3.3.4.5.1 Overview
4.3.3.4.5.2 Product Portfolio
4.3.3.4.5.3 Key Customers
4.3.3.4.6 Boly Metal Manufactory Ltd
4.3.3.4.6.1 Overview
4.3.3.4.6.2 Product Portfolio
4.3.3.4.6.3 Key Customers
4.3.3.5 Visualization and Documentation
4.3.3.5.1 Carl Zeiss AG
4.3.3.5.1.1 Overview
4.3.3.5.1.2 Product Portfolio
4.3.3.5.1.3 Key Customers
4.3.3.5.2 Feinwerkoptik Zünd AG
4.3.3.5.2.1 Overview
4.3.3.5.2.2 Product Portfolio
4.3.3.5.2.3 Key Customers
4.3.3.5.3 Gray Optics
4.3.3.5.3.1 Overview
4.3.3.5.3.2 Product Portfolio
4.3.3.5.3.3 Key Customers
4.3.3.5.4 Synaptive Medical
4.3.3.5.4.1 Overview
4.3.3.5.4.2 Product Portfolio
4.3.3.5.4.3 Key Customers
4.3.3.5.4.4 Key Developments
4.3.3.6 Accessories and Other Parts
4.3.3.6.1 UFP Technologies, Inc.
4.3.3.6.1.1 Overview
4.3.3.6.1.2 Product Portfolio
4.3.3.6.1.3 Key Customers
4.3.3.6.1.4 Key Developments
4.3.3.6.2 Lika Electronic Srl
4.3.3.6.2.1 Overview
4.3.3.6.2.2 Product Portfolio
4.3.3.6.2.3 Key Customers
4.3.3.6.2.4 Key Developments
4.3.3.6.3 Carl Stahl Sava Industries, Inc.
4.3.3.6.3.1 Overview
4.3.3.6.3.2 Product Portfolio
4.3.3.6.3.3 Key Customers
4.3.3.6.4 Swiss Precision Machining, LLC
4.3.3.6.4.1 Overview
4.3.3.6.4.2 Product Portfolio
4.3.3.6.4.3 Key Customers
4.3.3.6.4.4 Key Developments
4.3.4 Key Industrial Developments
4.3.4.1 Regulatory and Legal Activities
4.3.4.2 Funding Activities
4.3.4.3 New Offerings
4.3.4.4 Mergers and Acquisitions
4.3.4.5 Partnerships, Collaborations, and Business Expansions
4.3.5 Macro and Micro Industry Indicators
4.3.6 Cost Associated with Autonomous Surgical Robotics Procedures
4.3.7 Existing Unmet Needs and Risk Factors Associated with Autonomous Surgical Robotics Procedures
4.3.8 Future Potential of Autonomous Surgical Robotics Procedures
5.1 Market Dynamics
5.1.1 Impact Analysis
5.1.2 Business Drivers
5.1.2.1 Enhanced Surgical Capabilities Offered by Autonomous Robotic-Assisted Surgeries
5.1.2.2 Continuous Technological Advancements Leading to the Growth of Autonomous Surgical Robotics
5.1.2.3 Growing Preference Towards Minimally Invasive Surgeries Driving the Autonomous Surgical Robotics Market
5.1.2.4 Regulatory Approvals for Autonomous Surgical Robotic Systems
5.1.2.5 Other Micro Drivers Responsible for Growth
5.1.3 Business Restraints
5.1.3.1 High Cost of Investment in Autonomous Robotic Surgical Systems
5.1.3.2 Limitations Associated with Autonomous Surgical Robots
5.1.4 Business Opportunities
5.1.4.1 Preference of Telerobotic-based Surgeries to Overcome Lack of Skilled Professional Surgeons
5.1.4.2 Further Evolution of Technologies toward Autonomous Surgical Systems
5.2 Supply Chain Analysis
5.3 Value Chain Analysis
5.3.1 Research and Product Development
5.3.2 Manufacturing
5.3.3 Testing and Quality Check
5.3.4 Distribution and Post-Sale Services
5.4 Sales and Marketing Strategies
5.4.1 Sales Strategies
5.4.2 Marketing Strategies
5.5 Regional Market Attractiveness Analysis
5.6 Pricing and Reimbursement Analysis
5.6.1 Autonomous Surgical Robotics Procedure Reimbursement (U.S.)
6.1 Overview
6.2 Robotic Systems
6.2.1 Telerobotic Surgical Systems
6.2.2 Autonomous Surgical Systems
6.3 Consumables
6.3.1 Telerobotic Surgical Systems
6.3.2 Autonomous Surgical Systems
6.4 Services
6.4.1 Telerobotic Surgical Systems
6.4.2 Autonomous Surgical Systems
7.1 Overview
7.2 Urology Surgery
7.2.1 By Procedure
7.2.2 By Value
7.3 Orthopedic Surgery
7.3.1 By Procedure
7.3.2 By Value
7.4 Cardiology Surgery
7.4.1 By Procedure
7.4.2 By Value
7.5 Head and Neck (including Neurology) Surgery
7.5.1 By Procedure
7.5.2 By Value
7.6 Other Surgeries
7.6.1 By Procedure
7.6.2 By Value
8.1 Overview
8.2 Hospitals
8.3 Ambulatory Surgery Centers (ASCs)
8.4 Others
9.1 North America
9.1.1 Market Sizing and Forecast Analysis
9.1.1.1 North America Autonomous Surgical Robotics Market (by Product Type)
9.1.1.2 North America Autonomous Surgical Robotics Market (Procedure Volume)
9.1.1.3 North America Autonomous Surgical Robotics Market (by Country)
9.1.1.3.1 U.S.
9.1.1.3.1.1 Market Sizing and Forecast Analysis
9.1.1.3.1.1.1 U.S. Autonomous Surgical Robotics Market (by Product Type)
9.1.1.3.1.1.2 U.S. Autonomous Surgical Robotics Market (Procedure Volume)
9.1.1.3.2 Canada
9.1.1.3.2.1 Market Sizing and Forecast Analysis
9.1.1.3.2.1.1 Canada Autonomous Surgical Robotics Market (by Product Type)
9.1.1.3.2.1.2 Canada Autonomous Surgical Robotics Market (Procedure Volume)
9.2 Europe
9.2.1 Market Sizing and Forecast Analysis
9.2.1.1 Europe Autonomous Surgical Robotics Market (by Product Type)
9.2.1.2 Europe Autonomous Surgical Robotics Market (Procedure Volume)
9.2.1.3 Europe Autonomous Surgical Robotics Market (by Country)
9.2.1.3.1 Germany
9.2.1.3.1.1 Market Sizing and Forecast Analysis
9.2.1.3.1.1.1 Germany Autonomous Surgical Robotics Market (by Product Type)
9.2.1.3.1.1.2 Germany Autonomous Surgical Robotics Market (Procedure Volume)
9.2.1.3.2 U.K.
9.2.1.3.2.1 Market Sizing and Forecast Analysis
9.2.1.3.2.1.1 U.K. Autonomous Surgical Robotics Market (by Product Type)
9.2.1.3.2.1.2 U.K. Autonomous Surgical Robotics Market (Procedure Volume)
9.2.1.3.3 France
9.2.1.3.3.1 Market Sizing and Forecast Analysis
9.2.1.3.3.1.1 France Autonomous Surgical Robotics Market (by Product Type)
9.2.1.3.3.1.2 France Autonomous Surgical Robotics Market (Procedure Volume)
9.2.1.3.4 Italy
9.2.1.3.4.1 Market Sizing and Forecast Analysis
9.2.1.3.4.1.1 Italy Autonomous Surgical Robotics Market (by Product Type)
9.2.1.3.4.1.2 Italy Autonomous Surgical Robotics Market (Procedure Volume)
9.2.1.3.5 Spain
9.2.1.3.5.1 Market Sizing and Forecast Analysis
9.2.1.3.5.1.1 Spain Autonomous Surgical Robotics Market (by Product Type)
9.2.1.3.5.1.2 Spain Autonomous Surgical Robotics Market (Procedure Volume)
9.3 Asia-Pacific
9.3.1 Market Sizing and Forecast Analysis
9.3.1.1 Asia-Pacific Autonomous Surgical Robotics Market (by Product Type)
9.3.1.2 Asia-Pacific Autonomous Surgical Robotics Market (Procedure Volume)
9.3.1.3 Asia-Pacific Autonomous Surgical Robotics Market (by Country)
9.3.1.3.1 Japan
9.3.1.3.1.1 Market Sizing and Forecast Analysis
9.3.1.3.1.1.1 Japan Autonomous Surgical Robotics Market (by Product Type)
9.3.1.3.1.1.2 Japan Autonomous Surgical Robotics Market (Procedure Volume)
9.3.1.3.2 China
9.3.1.3.2.1 Market Sizing and Forecast Analysis
9.3.1.3.2.1.1 China Autonomous Surgical Robotics Market (by Product Type)
9.3.1.3.2.1.2 China Autonomous Surgical Robotics Market (Procedure Volume)
9.3.1.3.3 India
9.3.1.3.3.1 Market Sizing and Forecast Analysis
9.3.1.3.3.1.1 India Autonomous Surgical Robotics Market (by Product Type)
9.3.1.3.3.1.2 India Autonomous Surgical Robotics Market (Procedure Volume)
9.4 Latin America
9.4.1 Market Sizing and Forecast Analysis
9.4.1.1 Latin America Autonomous Surgical Robotics Market (by Product Type)
9.4.1.2 Latin America Autonomous Surgical Robotics Market (Procedure Volume)
9.5 Rest-of-the-World
9.5.1 Market Sizing and Forecast Analysis
9.5.1.1 Rest-of-the-World Autonomous Surgical Robotics Market (by Product Type)
10.1 Beijing Baihui Weikang Technology Co., Ltd.
10.1.1 Company Overview
10.1.2 Role of Beijing Baihui Weikang Technology Co., Ltd. in the Global Autonomous Surgical Robotics Market
10.1.3 Product Portfolio
10.1.4 Business and Commercial Strategy
10.1.5 Analyst Perspective
10.2 Curexo, Inc.
10.2.1 Company Overview
10.2.2 Role of the Curexo, Inc. in the Global Autonomous Surgical Robotics Market
10.2.3 Product Portfolio
10.2.4 Business and Commercial Strategy
10.2.5 Analyst Perspective
10.3 Globus Medical, Inc.
10.3.1 Company Overview
10.3.2 Role of Globus Medical, Inc. in the Global Autonomous Surgical Robotics Market
10.3.3 Product Portfolio
10.3.4 Financials
10.3.5 Business and Commercial Strategy
10.3.6 Analyst Perspective
10.4 Medtronic plc
10.4.1 Company Overview
10.4.2 Role of Medtronic plc in the Global Autonomous Surgical Robotics Market
10.4.3 Product Portfolio
10.4.4 Financials
10.4.5 Business and Commercial Strategy
10.4.6 Analyst Perspective
10.5 PROCEPT BioRobotics Corporation
10.5.1 Company Overview
10.5.2 Role of the PROCEPT BioRobotics Corporation in the Global Autonomous Surgical Robotics Market
10.5.3 Product Portfolio
10.5.4 Financials
10.5.5 Business and Commercial Strategy
10.5.6 Analyst Perspective
10.6 Renishaw plc
10.6.1 Company Overview
10.6.2 Role of Renishaw plc in the Global Autonomous Surgical Robotics Market
10.6.3 Product Portfolio
10.6.4 Financials
10.6.5 Business and Commercial Strategy
10.6.6 Analyst Perspective
10.7 Robocath, Inc.
10.7.1 Company Overview
10.7.2 Role of Robocath, Inc. in the Global Autonomous Surgical Robotics Market
10.7.3 Product Portfolio
10.7.4 Business and Commercial Strategy
10.7.5 Analyst Perspective
10.8 Stryker Corporation
10.8.1 Company Overview
10.8.2 Role of Stryker Corporation in the Global Autonomous Surgical Robotics Market
10.8.3 Product Portfolio
10.8.4 Financials
10.8.5 Business and Commercial Strategy
10.8.6 Analyst Perspective
10.9 Surgical Automations, Inc.
10.9.1 Company Overview
10.9.2 Role of Surgical Automations, Inc. in the Global Autonomous Surgical Robotics Market
10.9.3 Upcoming Product Portfolio
10.9.4 Analyst Perspective
10.10 Veebot Systems, Inc.
10.10.1 Company Overview
10.10.2 Role of Veebot Systems, Inc. in the Global Autonomous Surgical Robotics Market
10.10.3 Upcoming Product Portfolio
10.10.4 Analyst Perspective
10.11 Venus Concept Inc.
10.11.1 Company Overview
10.11.2 Role of Venus Concept Inc. in the Global Autonomous Surgical Robotics Market
10.11.3 Product Portfolio
10.11.4 Financials
10.11.5 Business and Commercial Strategy
10.11.6 Analyst Perspective
10.12 Zimmer Biomet Holdings, Inc.
10.12.1 Company Overview
10.12.2 Role of Zimmer Biomet Holdings, Inc. in the Global Autonomous Surgical Robotics Market
10.12.3 Product Portfolio
10.12.4 Financials
10.12.5 Business and Commercial Strategy
10.12.6 Analyst Perspective
Table 1: Global Autonomous Surgical Robotics Market: Impact Analysis
Table 2: Key Questioned Answered in the Report
Table 3: Global Autonomous Surgical Robotics Market: Product Overview
Table 4: Cost Comparison, Robotic vs. Laparoscopic Inguinal Hernia Repair
Table 5: Global Autonomous Surgical Robotics Market, Impact Analysis
Table 6: Some of Examples of Autonomous Surgical Robots and Their Autonomous Features
Table 7: Price of Different Autonomous Surgical Robotics Systems, $Million
Table 8: North America Autonomous Surgical Robotics Market, Impact Analysis
Table 9: Europe Autonomous Surgical Robotics Market, Impact Analysis
Table 10: Asia-Pacific Autonomous Surgical Robotics Market, Impact Analysis
Table 11: Rest-of-the-World Autonomous Surgical Robotics Market, Impact Analysis
Table 12: Beijing Baihui Weikang Technology Co., Ltd.: Key Products and Features
Table 13: Curexo, Inc.: Key Products and Features
Table 14: Globus Medical, Inc.: Key Products and Features
Table 15: PROCEPT BioRobotics Corporation: Key Products and Features
Table 16: Renishaw plc: Key Products and Features
Table 17: Robocath, Inc.: Key Products and Features
Table 18: Stryker Corporation: Key Products and Features
Table 19: Venus Concept Inc.: Key Products and Features
Table 20: Zimmer Biomet Holdings, Inc.: Key Products and Features
Figure 1: Haptics Improve Surgeons’ Acceptability of Surgical Robotics
Figure 2: Global Autonomous Surgical Robotics Market, $Billion, 2022-2033
Figure 3: Surgical Specialists Shortfall and Volume of Surgeries, U.S.
Figure 4: Global Autonomous Surgical Robotics Market (by Application), $Billion, 2022 and 2033
Figure 5: Global Autonomous Surgical Robotics Market (by Product Type), $Billion, 2022 and 2033
Figure 6: Global Autonomous Surgical Robotics Market (by End User), $Billion, 2022 and 2033
Figure 7: Global Autonomous Surgical Robotics Market (by Region), $ Million, 2022-2033
Figure 8: Strategic Initiatives, 2017-2023
Figure 9: Global Autonomous Surgical Robotics Market Segmentation
Figure 10: Global Autonomous Surgical Robotics Market: Research Methodology
Figure 11: Primary Research Methodology
Figure 12: Global Autonomous Surgical Robotics Market Research Process
Figure 13: Global Autonomous Surgical Robotics Market Size and Growth Potential (Realistic Scenario), $Billion, 2022-2033
Figure 14: Global Autonomous Surgical Robotics Market Size and Growth Potential (Optimistic Scenario), $Billion, 2022-2033
Figure 15: Global Autonomous Surgical Robotics Market Size and Growth Potential (Pessimistic Scenario), $Billion, 2022-2033
Figure 16: Global Autonomous Surgical Robotics Market, $Billion, 2022-2033
Figure 17: Autonomous Surgical Robotics Procedures, Region, 2022 and 2033
Figure 18: North America: Glimpse into the Future
Figure 19: Europe: Glimpse into the Future
Figure 20: Asia-Pacific: Glimpse into the Future
Figure 21: Latin America: Glimpse into the Future
Figure 22: Paragon Medical: Company Overview
Figure 23: Paragon Medical: Product Portfolio
Figure 24: Cadence, Inc.: Company Overview
Figure 25: Cadence, Inc.: Product Portfolio
Figure 26: Elos Medtech AB: Company Overview
Figure 27: Elos Medtech AB: Product Portfolio
Figure 28: Carolina Precision Technologies, LLC: Company Overview
Figure 29: Carolina Precision Technologies, LLC: Product Portfolio
Figure 30: ARCH Medical Solutions Corp: Company Overview
Figure 31: ARCH Medical Solutions Corp: Product Portfolio
Figure 32: TE Connectivity Ltd: Company Overview
Figure 33: TE Connectivity Ltd: Product Portfolio
Figure 34: FUTEK Advanced Sensor Technology, Inc.: Company Overview
Figure 35: FUTEK Advanced Sensor Technology, Inc.: Product Portfolio
Figure 36: Tekscan, Inc.: Company Overview
Figure 37: Tekscan, Inc.: Product Portfolio
Figure 38: Bota Systems AG: Company Overview
Figure 39: Bota Systems AG: Product Portfolio
Figure 40: Strain Measurement Devices: Company Overview
Figure 41: Strain Measurement Devices: Product Portfolio
Figure 42: Honeywell International Inc.: Company Overview
Figure 43: Honeywell International Inc.: Product Portfolio
Figure 44: Celera Motion: Company Overview
Figure 45: Celera Motion: Product Portfolio
Figure 46: AstrodyneTDI: Company Overview
Figure 47: AstrodyneTDI: Product Portfolio
Figure 48: ElectroCraft, Inc.: Company Overview
Figure 49: ElectroCraft, Inc.: Product Portfolio
Figure 50: HEIDENHAIN: Company Overview
Figure 51: HEIDENHAIN: Product Portfolio
Figure 52: Ewellix AB: Company Overview
Figure 53: Ewellix AB: Product Portfolio
Figure 54: Precipart: Company Overview
Figure 55: Precipart: Product Portfolio
Figure 56: Designatronics Inc.: Company Overview
Figure 57: Designatronics Inc.: Product Portfolio
Figure 58: GCM: Company Overview
Figure 59: GCM: Product Portfolio
Figure 60: Kalman Manufacturing: Company Overview
Figure 61: Kalman Manufacturing: Product Portfolio
Figure 62: WM Berg Inc.: Company Overview
Figure 63: WM Berg Inc.: Product Portfolio
Figure 64: Boly Metal Manufactory Ltd: Company Overview
Figure 65: Boly Metal Manufactory Ltd: Product Portfolio
Figure 66: Carl Zeiss AG: Company Overview
Figure 67: Carl Zeiss AG: Product Portfolio
Figure 68: Feinwerkoptik Zünd AG: Company Overview
Figure 69: Feinwerkoptik Zünd AG: Product Portfolio
Figure 70: Gray Optics: Company Overview
Figure 71: Gray Optics: Product Portfolio
Figure 72: Synaptive Medical: Company Overview
Figure 73: Synaptive Medical: Product Portfolio
Figure 74: UFP Technologies, Inc.: Company Overview
Figure 75: UFP Technologies, Inc.: Product Portfolio
Figure 76: Lika Electronic Srl: Company Overview
Figure 77: Lika Electronic Srl: Product Portfolio
Figure 78: Carl Stahl Sava Industries, Inc.: Company Overview
Figure 79: Carl Stahl Sava Industries, Inc.: Product Portfolio
Figure 80: Swiss Precision Machining, LLC: Company Overview
Figure 81: Swiss Precision Machining, LLC: Product Portfolio
Figure 82: Share of Key Developments and Strategies, January 2017-September 2023
Figure 83: Regulatory and Legal Activities, January 2017-September 2023
Figure 84: Funding Activities, January 2017-September 2023
Figure 85: New Offerings, January 2017-September 2023
Figure 86: Mergers and Acquisitions, January 2017-September 2023
Figure 87: Partnerships, Alliances, and Business Expansions, January 2017-September 2023
Figure 88: Market Attractiveness Based on Key Industry Indicators
Figure 89: Macro Industry Indicators for Global Autonomous Surgical Robotics Market
Figure 90: Micro Industry Indicators for the Global Autonomous Surgical Robotics Market
Figure 91: Key Cost Considerations: Autonomous Surgical Robotics Procedure
Figure 92: Existing Unmet Needs
Figure 93: Existing Risk Factors
Figure 94: Future Potential
Figure 95: Benefits of Autonomous Robotic-Assisted Surgery
Figure 96: Evolution of Autonomous Surgical Robots
Figure 97: Benefits of Robotic Surgeries for Patients and Surgeons
Figure 98: Regulatory Approvals for Autonomous Surgical Robots
Figure 99: Benefits of Telerobotic-based Surgeries to Overcome Lack of Skilled Professional Surgeons
Figure 100: Technological Evolution toward Autonomous Surgical Systems
Figure 101: Success of Telerobotic Surgery by 5G
Figure 102: Further Miniaturization of Autonomous Surgical Robots
Figure 103: Global Autonomous Surgical Robotics Market, Supply Chain Analysis
Figure 104: Global Autonomous Surgical Robotics Market, Value Chain Analysis
Figure 105: Regional Market Attractiveness Analysis
Figure 106: Global Autonomous Surgical Robotics Market, Price Sensitivity Analysis
Figure 107: Global Autonomous Surgical Robotics Market (by Product Type)
Figure 108: Global Autonomous Surgical Robotics Market (Robotic Systems), $Billion, 2022-2033
Figure 109: Global Autonomous Surgical Robotics Market, Robotic Systems (Telerobotic Surgical Systems), $Billion, 2022-2033
Figure 110: Global Autonomous Surgical Robotics Market, Robotic Systems (Autonomous Surgical Systems), $Billion, 2022-2033
Figure 111: Global Autonomous Surgical Robotics Market (Consumables), $Billion, 2022-2033
Figure 112: Global Autonomous Surgical Robotics Market, Consumables (Telerobotic Surgical Systems), $Billion, 2022-2033
Figure 113: Global Autonomous Surgical Robotics Market, Consumables (Autonomous Surgical Systems), $Billion, 2022-2033
Figure 114: Global Autonomous Surgical Robotics Market (Services), $Billion, 2022-2033
Figure 115: Global Autonomous Surgical Robotics Market, Services (Telerobotic Surgical Systems), $Billion, 2022-2033
Figure 116: Global Autonomous Surgical Robotics Market, Services (Autonomous Surgical Systems), $Billion, 2022-2033
Figure 117: Global Autonomous Surgical Robotics Market (by Application)
Figure 118: Global Autonomous Surgical Robotics Market (Urology Surgery), Procedure Volume, Million, 2022-2033
Figure 119: Global Autonomous Surgical Robotics Market (Urology Surgery), $Billion, 2022-2033
Figure 120: Global Autonomous Surgical Robotics Market (Orthopedic Surgery), Procedure Volume, Million, 2022-2033
Figure 121: Global Autonomous Surgical Robotics Market (Orthopedic Surgery), $Billion, 2022-2033
Figure 122: Global Autonomous Surgical Robotics Market (Cardiology Surgery), Procedure Volume, Million, 2022-2033
Figure 123: Global Autonomous Surgical Robotics Market (Cardiology Surgery), $Billion, 2022-2033
Figure 124: Global Autonomous Surgical Robotics Market (Head and Neck (including Neurology) Surgery), Procedure Volume, Million, 2022-2033
Figure 125: Global Autonomous Surgical Robotics Market (Head and Neck (including Neurology) Surgery), $Billion, 2022-2033
Figure 126: Global Autonomous Surgical Robotics Market (Other Surgeries), Procedure Volume, Million, 2022-2033
Figure 127: Global Autonomous Surgical Robotics Market (Other Surgeries), $Billion, 2022-2033
Figure 128: Global Autonomous Surgical Robotics Market (by End User)
Figure 129: Global Autonomous Surgical Robotics Market (Hospitals), $Billion, 2022-2033
Figure 130: Global Autonomous Surgical Robotics Market (Ambulatory Surgery Centers), $Billion, 2022-2033
Figure 131: Global Autonomous Surgical Robotics Market (Others), $Billion, 2022-2033
Figure 132: Global Autonomous Surgical Robotics Market, (by Region), % Share, 2022 and 2033
Figure 133: North America Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 134: North America Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 135: North America Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 136: U.S. Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 137: U.S. Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 138: U.S. Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 139: Canada Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 140: Canada Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 141: Canada Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 142: Europe Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 143: Europe Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 144: Europe Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 145: Germany Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 146: Germany Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 147: Germany Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 148: U.K. Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 149: U.K. Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 150: U.K. Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 151: France Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 152: France Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 153: France Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 154: Italy Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 155: Italy Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 156: Italy Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 157: Spain Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 158: Spain Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 159: Spain Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 160: Asia-Pacific Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 161: Asia-Pacific Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 162: Asia-Pacific Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 163: Japan Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 164: Japan Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 165: Japan Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 166: China Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 167: China Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 168: China Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 169: India Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 170: India Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 171: India Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 172: Latin America Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 173: Latin America Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 174: Latin America Autonomous Surgical Robotics Market (Procedure Volume), Million, 2022-2033
Figure 175: Rest-of-the-World Autonomous Surgical Robotics Market, $Million, 2022-2033
Figure 176: Rest-of-the-World Autonomous Surgical Robotics Market (by Product Type), $Million, 2022-2033
Figure 177: Beijing Baihui Weikang Technology Co., Ltd.: Overall Product Portfolio
Figure 178: Curexo, Inc.: Overall Product Portfolio
Figure 179: Globus Medical, Inc.: Overall Product Portfolio
Figure 180: Globus Medical, Inc.: Overall Financials, $Million, 2020-2022
Figure 181: Globus Medical, Inc.: Net Revenue (by Region), $Million, 2020-2022
Figure 182: Medtronic plc: Overall Product Portfolio
Figure 183: Medtronic plc: Overall Financials, $Million, 2020-2022
Figure 184: Medtronic plc: Revenue (by Segment), $Million, 2020-2022
Figure 185: Medtronic plc: Revenue (by Region), $Million, 2020-2022
Figure 186: Medtronic plc: R&D Expenditure, $Million, 2020-2022
Figure 187: PROCEPT BioRobotics Corporation: Overall Product Portfolio
Figure 188: PROCEPT BioRobotics Corporation: Overall Financials, $Million, 2020-2022
Figure 189: PROCEPT BioRobotics Corporation: Net Revenue (by Region), $Million, 2020-2022
Figure 190: PROCEPT BioRobotics Corporation: R&D Expenditure, $Million, 2020-2022
Figure 191: Renishaw plc: Overall Product Portfolio
Figure 192: Renishaw plc: Overall Financials, $Million, 2020-2022
Figure 193: Renishaw plc: Revenue (by Segment), $Million, 2020-2022
Figure 194: Renishaw plc: Revenue (by Region), $Million, 2020-2022
Figure 195: Renishaw plc: R&D Expenditure, $Million, 2020-2022
Figure 196: Robocath, Inc.: Overall Product Portfolio
Figure 197: Stryker Corporation: Overall Product Portfolio
Figure 198: Stryker Corporation: Overall Financials, $Million, 2020-2022
Figure 199: Stryker Corporation: Revenue (by Segment), $Million, 2020-2022
Figure 200: Stryker Corporation: Revenue (by Region), $Million, 2020-2022
Figure 201: Stryker Corporation: R&D Expenditure, $Million, 2020-2022
Figure 202: Surgical Automations, Inc., Ltd.: Upcoming Product Portfolio
Figure 203: Veebot Systems, Inc.: Upcoming Product Portfolio
Figure 204: Venus Concept Inc: Overall Product Portfolio
Figure 205: Venus Concept Inc.: Overall Financials, $Million, 2020-2022
Figure 206: Venus Concept Inc.: Revenue (by Segment), $Million, 2020-2022
Figure 207: Venus Concept Inc.: Revenue (by Region), $Million, 2020-2022
Figure 208: Venus Concept Inc.: R&D Expenditure, $Million, 2020-2022
Figure 209: Zimmer Biomet Holdings, Inc.: Product Portfolio
Figure 210: Zimmer Biomet Holdings, Inc.: Overall Financials, $Million, 2020-2022
Figure 211: Zimmer Biomet Holdings, Inc.: Revenue (by Segment), $Million, 2020-2022
Figure 212: Zimmer Biomet Holdings, Inc.: Revenue (by Region), $Million, 2020-2022
Figure 213: Zimmer Biomet Holdings, Inc.: R&D Expenditure, $Million, 2020-2022
Autonomous Surgical Robotics Market Report Coverage
|
Autonomous Surgical Robotics Market |
|||
|
Base Year |
2022 |
Market Size in 2022 |
$1.81 Billion |
|
Forecast Period |
2023-2033 |
Value Projection and Estimation by 2033 |
$11.07 Billion |
|
CAGR During Forecast Period |
17.45% |
Number of Tables |
20 |
|
Number of Pages |
267 |
Number of Figures |
213 |
Key Market Players and Competition Synopsis
Autonomous surgical robotics is a cutting-edge field that combines artificial intelligence (AI), robotics, and medical technology to enable precise and automated surgical procedures. These systems have the potential to revolutionize the healthcare landscape by enhancing surgical accuracy, reducing human error, and enabling minimally invasive surgeries. The global market for autonomous surgical robotics is on a trajectory of witnessing substantial growth, driven by the increasing adoption of minimally invasive surgeries, technological advancements with respect to surgical equipment, and the need for enhanced surgical capabilities.
The healthcare system is adopting advanced technologies, especially in the field of surgical medicine, to improve surgical workflow patterns and derive quality and accurate clinical outcomes. The use of an autonomous surgical robotic system offers a safer surgical procedure by making it more accurate and minimally invasive for patients.
Some of the prominent companies in this market are:
• Beijing Baihui Weikang Technology Co., Ltd.
• Curexo, Inc.
• Globus Medical, Inc.
• Medtronic plc
• PROCEPT BioRobotics Corporation
• Renishaw plc
• Robocath, Inc.
• Stryker Corporation
• Surgical Automations, Inc.
• Veebot Systems, Inc.
• Venus Concept Inc.
• Zimmer Biomet Holdings, Inc.
Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).
How can this report add value to an organization?
Workflow/Innovation Strategy: The autonomous surgical robotics market (by application) has been segmented into different types of surgeries performed using autonomous surgical robots. Moreover, the study provides the procedure volume as well for these surgeries to provide a detailed understanding of how the different surgeries are expected to grow.
Growth/Marketing Strategy: To foster growth and success in the autonomous surgical robotics market, a comprehensive marketing strategy is crucial. Establishing strategic partnerships with device manufacturers and obtaining regulatory approvals swiftly will be key for market penetration. Customer-focused marketing that highlights the enhanced patient outcomes and cost-effectiveness of autonomous surgical robotics is essential.
Competitive Strategy: Key players in the global autonomous surgical robotics market have been analyzed and profiled in the study, including manufacturers involved in new product launches, acquisitions, expansions, and strategic collaborations. Moreover, a detailed competitive benchmarking of the players operating in the global autonomous surgical robotics market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Methodology
Key Considerations and Assumptions in Market Engineering and Validation
• The base year considered for the calculation of the market size is 2022. The historical year analysis has been done from FY2020 to FY2021, and the market size has been calculated for FY2022 and projected for the period 2023-2033.
• The geographical distribution of the market revenue is estimated to be the same as the company’s net revenue distribution. All the numbers are adjusted off to two digits after decimal for report presentation reasons. However, the real figures have been utilized for compound annual growth rate (CAGR) estimation. CAGR is calculated from 2023 to 2033.
• The market has been mapped based on different types of products available in the market and based on several indications. All the key manufacturing companies that have a significant number of offerings to the autonomous surgical robotics market have been considered and profiled in the report.
• In the study, the primary respondent’s verification has been considered to finalize the estimated market for the autonomous surgical robotics market.
• The latest annual reports of each market player have been taken into consideration for market revenue calculation.
• Market strategies and developments of key players have been considered for the calculation of sub-segment split.
• The base currency considered for the market analysis is US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year. The currency conversion rate has been taken from the historical exchange rate of the Oanda website or from the annual reports of the respective company, if stated.
Primary Research
The key data points taken from the primary sources include:
• Validation and triangulation of all the numbers and graphs
• Validation of the report’s segmentation and key qualitative findings
• Understanding of the numbers of the various markets for market type
• Percentage split of individual markets for regional analysis
Secondary Research
Open Sources
• National Center for Biotechnology Information (NCBI), PubMed, Science Direct, World Bank Group, Organisation for Economic Co-operation and Development (OECD), Centers for Disease Control and Prevention (CDC), Global Burden Disease (GBD), and World Health Organization (WHO)
• Annual reports, SEC filings, and investor presentations of the leading market players
• Company websites and detailed study of their portfolio
• Gold standard magazines, journals, whitepapers, press releases, and news articles
• Databases
The key data points taken from the secondary sources include:
• Segmentations, split-ups, and percentage shares
• Data for market value
• Key industry trends of the top players in the market
• Qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
• Quantitative data for mathematical and statistical calculations
Global Autonomous Surgical Robotics Market: An Overview
The global autonomous surgical robotics market was valued at $1.81 billion in 2022 and is anticipated to reach $11.07 billion by 2033, witnessing a CAGR of 17.45% during the forecast period 2023-2033. This growth can be attributed to the factors that include the enhanced surgical capabilities offered by autonomous robotic-assisted surgeries, an upsurge in minimally invasive surgical procedures, technological advancements in autonomous surgical robotics, and supportive regulatory approvals for autonomous surgical robotic systems, driving competitiveness in the market.
Market Lifecycle Stage
The market lifecycle stage of the autonomous surgical robotics market can be described as being in the early growth or introduction phase. This market segment is characterized by the emergence of innovative technologies and products that have the potential to transform the field of surgery. Autonomous surgical robots are still relatively new and are gaining attention due to their ability to improve surgical precision, reduce human error, and enhance patient outcomes. While there is growing interest and investment in this technology, the market is not yet fully mature, and there is ample room for expansion and development. As more research and development efforts pour in and as regulatory approvals are obtained, the market is expected to move into the growth phase, attracting a wider customer base and achieving more widespread adoption within the medical industry.
Industry Impact
The global autonomous surgical robotics market is having a profound impact on the healthcare industry and related sectors. Autonomous surgical robots have significantly enhanced surgical precision and reduced the likelihood of human error. This has led to improved surgical outcomes, reduced OT complications, and has led to shorter recovery times for patients. Technology has positively impacted the overall quality of healthcare services. The market for autonomous surgical robotics has driven advancements in minimally invasive surgery as well. These robots are particularly well-suited for such procedures, enabling smaller incisions, thereby leading to quick patient recovery and less trauma. This trend toward minimally invasive surgery has transformed the way many surgical procedures are performed, resulting in a more patient-friendly approach.
However, the shortage of skilled surgeons in many parts of the world is a growing concern. Autonomous surgical robots provide a viable solution by assisting surgeons, extending their capabilities, and potentially enabling remote surgery. This addresses the challenge of uneven access to surgical expertise and helps fill the gaps in underserved regions.
The global autonomous surgical robotics market is anticipated to grow at a robust pace due to the lucrative opportunities that lie within its domain, which include a massive scope for phenomenal profits through venturous investments, integrative industry-academia collaboration, the rise of advanced robotic technology, and an increase in the adoption of novel surgical applications. Some of the key trends that the market is moving toward include the rising technological innovations, such as next-generation robotic systems in the market.
Market Segmentation:
Segmentation 1: by Product Type
• Robotic Systems
• Consumables
• Services
Robotic Systems to Dominate the Global Autonomous Surgical Robotics Market (by Product Type)
Based on product type, the robotics systems segment dominated the global autonomous surgical robotics market in FY2022. These advanced systems are gaining prominence due to their pivotal role in enhancing surgical procedures. With the ability to provide surgeons with precise control and dexterity, robotics systems have become a preferred choice in the autonomous surgical robotics market. Their capacity to minimize human error and improve patient outcomes makes them a vital component in the field of minimally invasive surgery. As the demand for more efficient and accurate surgical solutions continues to grow, robotics systems are expected to maintain their dominance, driving the market's evolution and expansion in the foreseeable future.
Segmentation 2: by Application
• Urology Surgery
• Orthopedic Surgery
• Cardiology Surgery
• Head and Neck (including Neurology) Surgery
• Other Surgeries
Orthopedic Surgery to Dominate the Global Autonomous Surgical Robotics Market (by Application)
Based on application, orthopedic surgery dominated the global autonomous surgical robotics market in FY2022. This surgical field has emerged as a frontrunner in harnessing the benefits of autonomous surgical robotics. The precision, accuracy, and consistent performance of robotic systems have proven to be especially valuable in orthopedic procedures such as joint replacements and spine surgery. Surgeons are increasingly relying on these technologies to improve patient outcomes and reduce the invasiveness of surgeries. As the aging population grows and the demand for orthopedic interventions rises, the dominance of autonomous surgical robotics in orthopedic surgery is expected to persist and contribute significantly to the overall growth of the market.
Segmentation 3: by End User
• Hospitals
• Ambulatory Surgery Centers (ASCs)
• Others
Hospitals to Dominate the Global Autonomous Surgical Robotics Market (by End User)
Based on end user, the hospitals segment dominated the global autonomous surgical robotics market in FY2022. These sophisticated surgical robotic systems are finding their primary home within hospital settings. Hospitals are at the forefront of adopting this technology due to its potential to improve patient care and surgical outcomes. The controlled environment, well-trained medical staff, and infrastructure in hospitals make them ideal places for the integration of autonomous surgical robotics. As the demand for advanced surgical techniques continues to rise, hospitals are expected to maintain their dominant position as key users of autonomous surgical robotics, ultimately driving the market's growth and evolution.
Segmentation 4: by Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Rest-of-the-World
Regions such as North America and Europe have technologically advanced healthcare systems and allocate considerable budgets to the healthcare segment, due to which these regions hold the maximum share in the global autonomous surgical robotics market. Regions such as Asia-Pacific, Latin America, and Rest-of-the-World are anticipated to register significant growth during the forecast period 2023-2033 owing to factors such as rising preference for minimally invasive surgeries, rising geriatric population, and increasing demand to streamline surgical workflows.
Moreover, Asia-Pacific is expected to register the highest CAGR of 18.87% during the forecast period 2023-2033. The Asia-Pacific region is an emerging market due to the rise in per capita income and rapid advancements in autonomous robotic surgical platforms. The Asia-Pacific region includes countries such as Japan, China, and India. Among these countries, China acquired the dominant market share, followed by Japan and India. Several companies have their presence in Asia-Pacific, such as Stryker Corporation, Zimmer Biomet Holdings, Inc., and Medtronic plc. The growth of the Asia-Pacific autonomous surgical robotics market is expected to be strongly driven by the increase in disposable income per household.
Recent Developments in the Global Autonomous Surgical Robotics Market
• In September 2023, PROCEPT BioRobotics Corporation received Investigational Device Exemption (IDE) approval from the U.S. Food and Drug Administration (FDA). This approval would enable the company to investigate the safety and effectiveness of Aquablation therapy for the treatment of prostate cancer.
• In May 2023, Robocath, Inc. launched its latest robotic platform, the R-One+, which could perform coronary angioplasties.
• In October 2022, XACT Robotics Ltd. announced that its ACE Xtend Remote Control Unit received the U.S. Food and Drug Administration (FDA) clearance, allowing users to robotically insert and steer the XACT ACE Robotic System remotely from the control room.
• In August 2022, THINK Surgical, Inc., an innovator in the field of orthopedic surgical robots, announced its entry into a development and distribution agreement with Curexo, Inc., a medical robotics specialist company based in South Korea. THINK and Curexo have a strong working relationship based on historical development collaboration, and Curexo distributes THINK's TSolution One platform in Korea and Vietnam.
• In May 2022, XACT Robotics received FDA clearance that would expand support for ablation procedures.
• In January 2022, Zimmer Biomet Holdings, Inc. partnered with American Hospital Dubai to provide advanced robotic-assisted training for orthopedic surgeons from the U.A.E. and the region.
Demand – Drivers, Restraints, and Opportunities
Market Demand Drivers:
Enhanced Surgical Capabilities Offered by Autonomous Robotic-Assisted Surgeries: Enhanced surgical capabilities are a driving force behind the autonomous surgical robotics market. These capabilities empower robotic systems to perform a wider range of surgical procedures, both complex and delicate, which makes them increasingly valuable in the medical field. One of the primary ways that enhanced surgical capabilities drive the market is by enabling a more extensive range of surgical procedures. Furthermore, there is an increased adoption of robotic-assisted surgeries owing to the several advantages over conventional as well as laparoscopic surgeries.
Market Restraints:
High Cost of Investment in Autonomous Robotic Surgical Systems: One of the major challenges in the autonomous surgical robotics market is the high capital cost of robotic systems, their associated instruments, and maintenance services. Currently, autonomous surgical robotics systems have a very high initial cost, requiring an arrangement for considerable capital investment from independent private surgeons and hospitals. All autonomous surgical robotic system manufacturers face several cost-associated challenges in convincing end users to purchase a robotic system.
Market Opportunities:
Preference of Telerobotic-Based Surgeries to Overcome Lack of Skilled Professional Surgeons: The preference for Telerobotic-based surgeries is emerging as a powerful opportunity for the autonomous surgical robotics market, particularly in overcoming the challenge of a shortage of skilled professional surgeons. The preference for telerobotic-based surgeries is fundamentally rooted in the shortage of skilled professional surgeons in many parts of the world. As populations grow and age, the demand for surgical interventions increases, and the supply of experienced surgeons often falls short.
Analyst View
According to Akash Mhaskar, Principal Analyst, BIS Research, “The global autonomous surgical robotics market is on a trajectory of substantial growth, driven by the increasing adoption of minimally invasive surgeries, technological advancements, and need for enhanced surgical capabilities. Moreover, the use of artificial intelligence (AI) and haptics in surgical robotic platforms would give companies new opportunities to make work safer, increase productivity, and save valuable time for people.”
Autonomous Surgical Robotics Market - A Global and Regional Analysis
Focus on Product Type, Application, End User, and Country - Analysis and Forecast, 2023-2033
Some Faq's
Frequently Asked Questions
Autonomous surgical robotics refers to the use of robotic systems that can perform surgical procedures with a high degree of autonomy and precision, often under the supervision of a surgeon. These robotic systems are equipped with advanced sensors, artificial intelligence, and machine learning algorithms to assist in tasks such as incisions, tissue manipulation, and suturing. They are designed to enhance surgical outcomes by reducing human error, minimizing invasiveness, and improving the overall safety and efficiency of surgeries. Autonomous surgical robotics can range from systems that assist surgeons in performing complex procedures to those that can operate semi-autonomously under the surgeon's guidance, ultimately advancing the field of minimally invasive surgery and patient care.
The autonomous surgical robotics market has witnessed several trends driven by technological advancements, increased research and development, and broader applications in various sectors. Here are some key trends observed in this market:
Technological Advancements: The continuous evolution of robotic technologies, including improved sensors, AI, machine learning, and haptic feedback, has been driving the development of more sophisticated and precise robotic systems for surgical applications.
Wider Range of Surgical Procedures: Autonomous surgical robotics are being increasingly adopted in a broader spectrum of surgical procedures, not just limited to a few specialties. This trend has been adding to their market potential.
Increased FDA Approvals: The approval of new autonomous surgical robotic systems by regulatory bodies, such as the U.S. Food and Drug Administration (FDA), has contributed to market growth, and it instilled confidence in healthcare professionals and patients.
Miniaturization: Miniaturized robotic systems have been becoming more common, enabling minimally invasive surgery in areas where larger systems could not operate effectively.
Teleoperation and Remote Surgery: Advances in communication technology paved the way for teleoperation and remote surgery, where surgeons could perform procedures from a distance, expanding access to specialized care.
Integration with Healthcare Systems: The integration of autonomous surgical robots with hospital information systems and electronic health records streamlined workflow and data management, enhancing overall surgical care.
These are only a few illustrations of the major trends in the industry.
The global autonomous surgical robotics market is currently witnessing several developments, primarily aimed at bringing new products. Major manufacturers of products are actively undertaking significant business strategies to translate success in research and development into the commercial clinical setting.
A new company aiming to establish a strong foothold in the global autonomous surgical robotics market should prioritize innovation, specialization in key surgical fields, user-friendly interfaces, regulatory compliance, extensive training and support, robust clinical evidence, strategic collaborations, cost efficiency, and an emphasis on patient outcomes. By excelling in these areas, the company can differentiate itself, build trust with healthcare providers, and stay ahead of the competition in this dynamic and rapidly evolving market.
The following can be termed as the USPs of this report:
• Extensive product benchmarking of the top players (including established and emerging players) to offer a holistic view of the market product landscape
• Market size and forecast based on detailed segmentation, including product type, application, and end users
• Procedure volume of different application
• Future glimpse of the autonomous surgical robotics market in different regions
• Region and country-level analysis, including market size and forecast
• Key opportunities of the market
• Supply chain and pricing analysis for the market
• Competitive landscape by product suppliers to original equipment manufacturers (OEMs)
• Macro and micro industry indicators
• Cost associated with autonomous surgical robotics procedures
• Existing unmet needs and risk factors associated with autonomous surgical robotics procedures
• Companies such as medical devices and robotic system manufacturing companies, companies producing extraction consumables and instruments, along with consulting firms developing, manufacturing, and commercializing different robotic systems
• Any new entrant seeking to explore the opportunities within the autonomous surgical robotics market
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