Global Surgical Robotics Market

Focus on Vendor Analysis, Key Enabling Technologies, Emerging Platforms in Pipeline, 26 Company Profiles, and 45 Countries Data & Cross Segmentation - Analysis and Forecast, 2021-2031

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Report Description

Market Report Coverage - Surgical Robotics
Forecast Period: 2021-2031
CAGR During Forecast Period: 10.2%

Market Report Coverage - Surgical Robotics

Base Year

2020

Market Size in 2020

$5,460.5 Million

Forecast Period

2021-2031

Value Projection and Estimation by 2031

$16,774.5 Million

CAGR During Forecast Period

10.2%

Number of Tables

106

Number of Pages

385

Number of Figures

229

Research Hours

350

 

 

Market Segmentation

•    Product Type: Surgical Systems, Instruments & Accessories, and Services

•    Application: General Surgery, Urology Surgery, Gynecology Surgery, Orthopedic Surgery, Cardiology Surgery, Head & Neck Surgery, and Others

•    End-User: Hospitals, Ambulatory Surgical Centers, and Specialty Clinics

Regional Segmentation

•    North America: U.S. and Canada

•    Europe: Germany, U.K, France, Italy, Spain, Turkey, Russia, Belgium, Switzerland, Sweden, Netherlands, Denmark, Norway, Finland, Austria, Ireland, Rest-of-Europe

•    Asia-Pacific: Japan, China, India, South Korea, Australia & New Zealand, Taiwan, Thailand, Malaysia, Singapore, Indonesia, and Philippines

•    Latin America: Brazil, Mexico, Argentina, chile, Venezuela, Colombia, Puerto Rico, Panama, and Uruguay

•    Rest-of-the-World: Kingdom of Saudi Arabia, Israel, Qatar, Pakistan, Kuwait, Egypt, and Lebanon

Growth Drivers

•    Rising Incidence of Chronic Disorders Inciting the Use of Robotic-Assisted Surgical Procedures

•    Elevating Geriatric Population Changing the Adoption Patten for Minimally Invasive Surgical Procedures

•    Rising Demand of Minimally Invasive Surgical Procedures Signifies the Need for Robotic-Assisted Surgeries

•    Technological Advancement in the Field of Medical Surgeries

Market Challenges

•    High Cost of Surgical Robotic Systems and its Associated Procedures

•    Shortage of Skilled Professionals

•    Restrictive Reimbursement Landscape

Market Opportunities

•    Development of Low-Cost Surgical Robotic Systems

•    Implementation of Artificial Intelligence (AI) in Surgical Robots

•    Development of Surgical Simulators for the Training of Professionals

Market Trednds

•    Operating Lease Programs Implemented by the Surgical Robotic Manufacturers

Key Companies Profiled

Asensus Surgical, Inc., avatera medical GmbH, CMR Surgical Limited, Corin Group, Curexo, Inc., Globus Medical, Inc., Intuitive Surgical, Inc., Johnson & Johnson, Medicaroid Corporation, Medrobotics Corporation, Medtronic plc, meerecompany, Inc., Monteris Medical Corporation, Neocis, Inc., PROCEPT BioRobotics Corporation, Renishaw plc, Siemens Healthineers AG, Smith & Nephew plc, Stereotaxis, Inc., Stryker Corporation, THINK Surgical, Inc., Titan Medical, Inc., Venus Concept, Inc., Vicarious Surgical, Inc., Virtual Incision Corporation, and Zimmer Biomet Holdings, Inc.

Key Questions Answered in this Report:

What are the major market drivers, challenges, and opportunities in the global surgical robotics market?

•    What are the major market drivers, challenges, and opportunities in the global surgical robotics market?
•    What are the underlying structures resulting in the emerging trends within the surgical robotics industry?
•    What was the market value of the leading segments of the global surgical robotics market in 2020?
•    What are the influencing factors that may affect the market share of the key players?
•    How will the industry evolve during the forecast period 2021-2031?
•    What are the key developmental strategies which are implemented by the key players to sustain in the competitive market?
•    What is the current market share of each of the companies in the global surgical robotics market and what will be their contributions in 2030?
•    What is the growth potential of surgical robotics in each region, including North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World?
•    What are the key regulatory implications in developed and developing regions for surgical robotics?
•    What was the total installed base and unit sold by country in 2020?

Market Overview

The market for surgical robotics generated $5.46 billion in 2020, in terms of value and is estimated to reach $16.77 billion by 20

Overview of the Global Surgical Robotics Market

The global surgical robotics market is anticipated to witness tremendous growth over the forecast period primarily due to the increasing prevalence rate of chronic disorders, elevating global population coupled with the geriatric population, improving reimbursement policies, and public initiatives and funding to develop technologically advanced products. The market for surgical robotics (product type) is divided into three segments, namely, surgical systems, instruments & accessories, and services.

Surgical robotic systems primarily include surgical systems (capital equipment), instruments & accessories, and services (maintenance and up-gradation). In the past decade, the definition of these advanced technologies has expanded, involving the use of these systems for multiple surgical procedures ranging from general surgeries to orthopedic surgeries. The ongoing trend of rising demand for surgical robotic systems is anticipated to continue in the future with the implementation of technological innovations and advancements in minimally invasive surgical procedures.

Global Surgical Robotics Market Forecast

Global Surgical Robotics Market

Source: BIS Research Analysis

As depicted in the preceding figure, the global surgical robotics market is anticipated to grow with a robust CAGR of 10.2% during the forecast period, 2021-2031. The market for surgical robotics generated $5.46 billion in 2020, in terms of value and is estimated to reach $16.77 billion by 2031.

Competitive Landscape

The total market was valued at $5,460.5 million in 2020 with Intuitive Surgical, Inc. dominating the global surgical robotics market by holding 79.82% of the market share in 2020. This market dominance was attributed to the company’s presence within the market and huge market penetration in different regions. Currently, the company offers its fourth generational surgical robotic platforms, first commercialized in 2014 (da Vinci Xi Surgical System). Stryker Corporation was responsible for 9.09% of the global market share in 20202, second only to Intuitive Surgical, Inc. BIS Research anticipates that Intuitive Surgical will hold nearly 52.06% of the total market by the end of 2031.

In the past four years, i.e., (January 2017 to March 2021), the market has witnessed approximately 85 regulatory and legal developments, 56 funding activities, 51 partnerships, alliances, and business expansions, 15 mergers and acquisitions, and nine product offerings and upgradations. Currently, most market players are involved in conducting regulatory and legal activities in the market, as is evident from the shares of funding activities and new offerings.  There is a potential for mergers and acquisitions activities in the future as more and more start-ups enter the market targeting specific surgical applications and key players of the conventional surgical robotics market look to consolidate.

Surgical robotics market has a promising outlook, and successful start-ups may enter into merger agreements with the well-established players in the market. Strategic agreements such as partnerships, alliances, and business expansion hold the largest share, followed by mergers acquisitions, and product launches activities.

The key players contributing to the global surgical market are Asensus Surgical, Inc., avatera medical GmbH, CMR Surgical Limited, Corin Group, Curexo, Inc., Globus Medical, Inc., Intuitive Surgical, Inc., Johnson & Johnson, Medicaroid Corporation, Medrobotics Corporation, Medtronic plc, meerecompany, Inc., Monteris Medical Corporation, Neocis, Inc., PROCEPT BioRobotics Corporation, Renishaw plc, Siemens Healthineers AG, Smith & Nephew plc, Stereotaxis, Inc., Stryker Corporation, THINK Surgical, Inc., Titan Medical, Inc., Venus Concept, Inc., Vicarious Surgical, Inc., Virtual Incision Corporation, and Zimmer Biomet Holdings, Inc.

Table of Contents

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1.1    Key Questions Answered
1.2    Forecast Period Selection Criteria

2.1    Primary Research
2.2    Secondary Research
2.3    Data Sources and Categorization
2.4    Market Estimation and Forecast Methodology
2.5    Data Triangulation

3.1    Advent of Surgical Robotic Technology
         3.1.1    Historical Perspective of Surgical Robotics
3.2    Limitations and Assumptions
3.3    Market Classification
3.4    Global Market Outlook, 2020-2031
3.5    da Vinci Robotic Surgery
         3.5.1    Procedure Volume
         3.5.2    Unit Sold, by Brand
         3.5.3    Unit Sold, by Region
         3.5.4    Installed Base, by Region
         3.5.5    Patent Scenario
         3.5.6    Regulatory Scenario
3.6    Advantages of Robotic Surgery
3.7    Opportunity Mapping
3.8    Case Study: Colon Resection

4.1    Regulatory Scenario
         4.1.1    U.S.
                     4.1.1.1    De-Novo Pathway
         4.1.2    European Union (EU)
                     4.1.2.1    Impact of the EU’s Medical Device Regulations (MDR)
                                    4.1.2.1.1    Expansion of Product Scope
                                    4.1.2.1.2    Reclassification of Medical Devices as per Associated Risk, Contact Duration, and Invasiveness
                                    4.1.2.1.3    More Supportive Clinical Investigations for Class III and Implantable Medical Devices
                                    4.1.2.1.4    Dedicated Personal for MDR Compliance
                                    4.1.2.1.5    More Emphasis on Post-Market Surveillance
                                    4.1.2.1.6    Requirement of Common Specifications
                                    4.1.2.1.7    Implementation of a Unique Device Identification (UDI) Mechanism
         4.1.3    China
         4.1.4    Japan
4.2    Benefits and Risks Associated with Robotically Assisted Surgical Devices (RASD)
         4.2.1    Case Study: Intuitive Surgical, Inc.
4.3    Key Enabling Technologies
         4.3.1    Robotics Simulators: Empowering Precision Care
                     4.3.1.1    Rising Cases of Surgical Errors
                     4.3.1.2    Surgical Stimulators: An Alternative to Minimize Surgical Errors
         4.3.2    Long Distance Teleoperated Surgical Systems
                     4.3.2.1    Overview
                     4.3.2.2    Advantages
         4.3.3    Autonomous Surgical Robotics Systems: A Technological Paradigm in Surgical Robotics
                     4.3.3.1    Overview
                     4.3.3.2    Advantages
         4.3.4    Haptics Enabling Force Feedback: An Awaited Advancement in the Field of Surgical Robotics
         4.3.5    Case Studies on Novel Surgical Robotic Concepts
4.4    Insights on Emerging Platforms in Pipeline
4.5    Patient Compliances and End User Perception
4.6    Return on Investment Analysis: A Value-Based Business Model
4.7    Distribution and Marketing Strategies (for Start-Up Companies)
         4.7.1    Distribution Strategies
                     4.7.1.1    Case Study: Intuitive Surgical, Inc. (Europe)
         4.7.2    Marketing Strategies
                     4.7.2.1    Case Study: Intuitive Surgical, Inc. (Europe)
4.8    Patent Landscape
4.9    Minimally Invasive Surgeries: Opportunity Assessment
         4.9.1    Pre-COVID-19 Scenario
         4.9.2    Post-COVID-19 Scenario

5.1    Market Developments and Strategies
         5.1.1    Regulatory and Legal
         5.1.2    Funding Activities
         5.1.3    Partnerships, Alliances, and Business Expansions
         5.1.4    Mergers and Acquisitions
         5.1.5    Product Launches and Upgradations
5.2    Porter’s Five Force Analysis
         5.2.1    Bargaining Power of Suppliers
         5.2.2    Bargaining Power of Buyers
         5.2.3    Threat of New Entrants
         5.2.4    Threat of Substitutes
         5.2.5    Intensity of Competitive Rivalry
5.3    Value Chain Analysis
5.4    Cost Analysis: Conventional vs Robotic Procedures
5.5    Vendor Analysis
5.6    Pricing Analysis
5.7    Business Model Analysis
5.8    Growth Share Analysis
5.9    Company Share Analysis

6.1    Overview
6.2    Iceberg Analysis: Identification of Hidden Factors that Drive the Market Growth
6.3    Impact Analysis
6.4    Market Drivers
         6.4.1    Rising Incidence of Chronic Disorders Inciting the Use of Robotics-Assisted Surgical Procedures
         6.4.2    Elevating Geriatric Population Changing the Adoption Patten for Minimally Invasive Surgical Procedures
         6.4.3    Rising Demand for Minimally Invasive Surgical Procedures Signifying the Need for Robotics-Assisted Surgeries
         6.4.4    Technological Advancements in the Field of Medical Surgeries
6.5    Market Restraints
         6.5.1    High Cost of Surgical Robotic Systems and their Associated Procedures
         6.5.2    Shortage of Skilled Professionals
         6.5.3    Restrictive Reimbursement Landscape
6.6    Market Opportunities
         6.6.1    Development of Low-Cost Surgical Robotic Systems
         6.6.2    Implementation of Artificial Intelligence (AI) in Surgical Robots
         6.6.3    Development of Surgical Simulators for the Training of Professionals
6.7    Market Trends
         6.7.1    Operating Lease Programs Implemented by the Surgical Robotic Manufacturers

7.1    Market Overview
7.2    Market Attractiveness Analysis
7.3    Surgical Systems
7.4    Instruments and Accessories
7.5    Services

8.1    Market Overview
8.2    Market Attractiveness Analysis
8.3    General Surgery
8.4    Urology Surgery
8.5    Gynecology Surgery
8.6    Orthopedic Surgery
8.7    Cardiology Surgery
8.8    Head and Neck Surgery (including Neurology)
8.9    Other Surgeries

9.1    Market Overview
9.2    Market Attractiveness Analysis
9.3    Hospitals
9.4    Ambulatory Surgical Centers
9.5    Others

10.1    Market Overview
10.2    Market Attractiveness Analysis
10.3    North America
           10.3.1    Market Overview
           10.3.2    Market Dynamics
           10.3.3    North America: Product Type, $Million, 2020-2031
           10.3.4    North America: Unit Sold (by Country), 2020-2031
           10.3.5    North America: Installed Base (by Country), 2020-2031
           10.3.6    U.S.
           10.3.7    Canada
10.4    Europe
           10.4.1    Market Overview
           10.4.2    Market Dynamics
           10.4.3    Europe: Product Type, $Million, 2020-2031
           10.4.4    Europe: Unit Sold (by Country), 2020-2031
           10.4.5    Europe: Installed Base (by Country), 2020-2031
           10.4.6    Germany
           10.4.7    France
           10.4.8    Italy
           10.4.9    U.K.
           10.4.10    Spain
           10.4.11    Turkey
           10.4.12    Russia
           10.4.13    Belgium
           10.4.14    Switzerland
           10.4.15    Sweden
           10.4.16    Netherlands
           10.4.17    Denmark
           10.4.18    Norway
           10.4.19    Finland
           10.4.20    Austria
           10.4.21    Ireland
           10.4.22    Rest-of-Europe
10.5    Asia-Pacific
           10.5.1    Market Overview
           10.5.2    Market Dynamics
           10.5.3    Asia-Pacific: Unit Sold (by Country), 2020-2031
           10.5.4    Asia-Pacific: Installed Base (by Country), 2020-2031
           10.5.5    Japan
           10.5.6    China
           10.5.7    India
           10.5.8    South Korea
           10.5.9    Australia and New Zealand (ANZ)
           10.5.10    Taiwan
           10.5.11    Thailand
           10.5.12    Malaysia
           10.5.13    Singapore
           10.5.14    Indonesia
           10.5.15    Philippines
10.6    Latin America
           10.6.1    Market Overview
           10.6.2    Market Dynamics
           10.6.3    Latin America: Product Type, $Million, 2020-2031
           10.6.4    Latin America: Unit Sold (by Country), 2020-2031
           10.6.5    Latin America: Installed Base (by Country), 2020-2031
           10.6.6    Brazil
           10.6.7    Mexico
           10.6.8    Argentina
           10.6.9    Chile
           10.6.10    Venezuela
           10.6.11    Colombia
           10.6.12    Puerto Rico
           10.6.13    Panama
           10.6.14    Uruguay
10.7    Rest-of-the-World
           10.7.1    Market Overview
           10.7.2    Market Dynamics
           10.7.3    Rest-of-the-World: Product Type, $Million, 2020-2031
           10.7.4    Rest-of-the-World: Unit Sold (by Country), 2020-2031
           10.7.5    Rest-of-the-World: Installed Base (by Country), 2020-2031
           10.7.6    Kingdom of Saudi Arabia (KSA)
           10.7.7    Israel
           10.7.8    Qatar
           10.7.9    Pakistan
           10.7.10    Kuwait
           10.7.11    Egypt
           10.7.12    Lebanon

11.1    Overview
           11.1.1    Key Players: Snapshot
           11.1.2    Key Strategies Implemented by Key Market Players
11.2    Asensus Surgical, Inc.
           11.2.1    Company Overview
           11.2.2    Role of the Company in the Market
           11.2.3    Financials
           11.2.4    SWOT Analysis
11.3    avatera medical GmbH
           11.3.1    Company Overview
           11.3.2    Role of the Company in the Market
           11.3.3    SWOT Analysis
11.4    CMR Surgical Limited
           11.4.1    Company Overview
           11.4.2    Role of the Company in the Market
           11.4.3    SWOT Analysis
11.5    Corin Group
           11.5.1    Company Overview
           11.5.2    Role of the Company in the Market
           11.5.3    SWOT Analysis
11.6    Curexo, Inc.
           11.6.1    Company Overview
           11.6.2    Role of the Company in the Market
           11.6.3    SWOT Analysis
11.7    Globus Medical, Inc.
           11.7.1    Company Overview
           11.7.2    Role of the Company in the Market
           11.7.3    Financials
           11.7.4    SWOT Analysis
11.8    Intuitive Surgical, Inc.
           11.8.1    Company Overview
           11.8.2    Role of the Company in the Market
           11.8.3    Financials
           11.8.4    SWOT Analysis
11.9    Johnson & Johnson
           11.9.1    Company Overview
           11.9.2    Role of the Company in the Market
           11.9.3    Financials
           11.9.4    SWOT Analysis
11.10    Medrobotics Corporation
             11.10.1    Company Overview
             11.10.2    Role of the Company in the Market
             11.10.3    SWOT Analysis
11.11    Medicaroid Corporation
             11.11.1    Company Overview
             11.11.2    Role of the Company in the Market
             11.11.3    SWOT Analysis
11.12    Medtronic plc
             11.12.1    Company Overview
             11.12.2    Role of the Company in the Market
             11.12.3    Financials
             11.12.4    SWOT Analysis
11.13    meerecompany Inc.
             11.13.1    Company Overview
             11.13.2    Role of the Company in the Market
             11.13.3    SWOT Analysis
11.14    Monteris Medical Corporation
             11.14.1    Company Overview
             11.14.2    Role of the Company in the Market
             11.14.3    SWOT Analysis
11.15    Neocis, Inc.
             11.15.1    Company Overview
             11.15.2    Role of the Company in the Market
             11.15.3    Neocis, Inc.: SWOT Analysis
11.16    PROCEPT BioRobotics Corporation
             11.16.1    Company Overview
             11.16.2    Role of the Company in the Market
             11.16.3    SWOT Analysis
11.17    Renishaw plc
             11.17.1    Company Overview
             11.17.2    Role of the Company in the Market
             11.17.3    Financials
             11.17.4    SWOT Analysis
11.18    Siemens Healthineers AG
             11.18.1    Company Overview
             11.18.2    Role of the Company in the Market
             11.18.3    Financials
             11.18.4    SWOT Analysis
11.19    Smith & Nephew plc
             11.19.1    Company Overview
             11.19.2    Role of the Company in the Market
             11.19.3    Financials
             11.19.4    SWOT Analysis
11.20    Stereotaxis, Inc.
             11.20.1    Company Overview
             11.20.2    Role of the Company in the Market
             11.20.3    Financials
             11.20.4    SWOT Analysis
11.21    Stryker Corporation
             11.21.1    Company Overview
             11.21.2    Role of the Company in the Market
             11.21.3    Financials
             11.21.4    SWOT Analysis
11.22    THINK Surgical, Inc.
             11.22.1    Company Overview
             11.22.2    Role of the Company in the Market
             11.22.3    SWOT Analysis
11.23    Titan Medical, Inc.
             11.23.1    Company Overview
             11.23.2    Role of the Company in the Market
             11.23.3    Financials
             11.23.4    Titan Medical Inc.: SWOT Analysis
11.24    Venus Concept, Inc.
             11.24.1    Company Overview
             11.24.2    Role of the Company in the Market
             11.24.3    Financials
             11.24.4    SWOT Analysis
11.25    Vicarious Surgical, Inc.
             11.25.1    Company Overview
             11.25.2    Company Description
             11.25.3    SWOT Analysis
11.26    Virtual Incision Corporation
             11.26.1    Company Overview
             11.26.2    Role of the Company in the Market
             11.26.3    SWOT Analysis
11.27    Zimmer Biomet Holdings, Inc.
             11.27.1    Company Overview
             11.27.2    Role of the Company in the Market
             11.27.3    Financials
             11.27.4    SWOT Analysis

Table 1:    Impact Analysis
Table 3.1:    Market Forecasting Factors
Table 3.2:    Currency Conversion Rate:
Table 3.3:    Historical da Vinci Robotic Surgery: Procedure Volume, (Thousand), 2011-2020
Table 3.4:    Forecasted da Vinci Robotic Surgery: Procedure Volume, (Thousand), 2021-2031
Table 3.5:    Brand Analysis: Intuitive Surgical, Inc., 2010-2020
Table 3.6:    Unit Sold: Intuitive Surgical, Inc., 2012-2020
Table 3.7:    Installed Base: Intuitive Surgical, Inc., 2012-2020
Table 3.8:    Regulatory Clearance: Intuitive Surgical, Inc. (Surgical Procedure)
Table 3.9:    Regulatory Clearance: Intuitive Surgical (Surgical Systems)
Table 3.10:    Market Penetration for Complex Surgical Procedures in International Markets
Table 4.1:    List of Surgical Robotic Systems with Haptic Feedback Capabilities
Table 4.2:    MiroSurge Surgical Robot
Table 4.3:    Smart Autonomous Robotic Assistant Surgeon (SARAS) Project
Table 4.4:    Axis Medical Robotic Concept
Table 4.5:    Some of the Emerging Platforms in Robotic Surgery
Table 4.6:    Return on Investment Analysis
Table 4.7:    Patent Landscape, January 2018-December 2020
Table 5.1:    List of Players with Strategic Mergers and Acquisitions, January 2017 – March 2021
Table 5.2:    Cost Analysis: Traditional vs Robotic Procedures (Per Patient Cost)
Table 5.3:    Product Portfolio
Table 5.4:    Pricing Analysis: da Vinci Surgical System (Intuitive Surgical, Inc.), 2014-2020
Table 5.5:    Pricing Analysis: Senhance Surgical System (Asensus Surgical, Inc.), 2016-2020
Table 5.6:    Pricing Analysis: Mazor X Surgical System (Medtronic plc), 2017-2020
Table 5.7:    Pricing Analysis: Flex Robotic System (Medrobotics Corporation), 2015-2018
Table 5.8:    Pricing Analysis: Mako Surgical System (Stryker Corporation), 2015-2020
Table 6.1:    Impact Analysis: Market Drivers
Table 6.2:    Impact Analysis: Market Restraints
Table 6.3:    Number and Distribution of Persons Aged 60 Years or Over (by Region), 2017 and 2050
Table 7.1:    Market Revenue Contribution (by Company), $Million, 2020-2031
Table 7.2:    Surgical Systems: Revenue Contribution (by Company), $Million,  2020-2031
Table 7.3:    Unit Sold, (by Company), 2020-2031
Table 7.4:    Installed Base (by Company), 2020-2031
Table 7.5:    Instruments and Accessories: Revenue Contribution (by Company), $Million, 2020-2031
Table 7.6:    Services: Revenue Contribution (by Company), $Million, 2020-2031
Table 8.1:    Global Surgical Robotics Market (by Application), $Million, 2020-2031
Table 9.1:    Unit Sold (by End User), 2020-2031
Table 9.2:    Total Number of Ambulatory Surgical Centers (U.S.), 2009-2017
Table 10.1:    Unit Sold (by Region), 2020-2031
Table 10.2:    Installed Base (by Region), 2020-2031
Table 10.3:    North America: Unit Sold (by Country), 2020-2031
Table 10.4:    North America: Installed Base (by Country), 2020-2031
Table 10.5:    U.S.: Unit Sold and Installed Base, 2020-2031
Table 10.6:    Canada: Unit Sold and Installed Base, 2020-2031
Table 10.7:    Europe Surgical Robotics Market (by Country), $Million, 2020-2031
Table 10.8:    Europe: Unit Sold (by Country), 2020-2031
Table 10.9:    Europe: Installed Base (by Country), 2020-2031
Table 10.10:    Germany: Unit Sold and Installed Base, 2020-2031
Table 10.11:    France: Unit Sold and Installed Base, 2020-2031
Table 10.12:    Italy: Unit Sold and Installed Base, 2020-2031
Table 10.13:    U.K.: Unit Sold and Installed Base, 2020-2031
Table 10.14:    Spain: Unit Sold and Installed Base, 2020-2031
Table 10.15:    Turkey: Unit Sold and Installed Base, 2020-2031
Table 10.16:    Russia: Unit Sold and Installed Base, 2020-2031
Table 10.17:    Belgium: Unit Sold and Installed Base, 2020-2031
Table 10.18:    Switzerland: Unit Sold and Installed Base, 2020-2031
Table 10.19:    Sweden: Unit Sold and Installed Base, 2020-2031
Table 10.20:    Netherlands: Unit Sold and Installed Base, 2020-2031
Table 10.21:    Denmark: Unit Sold and Installed Base, 2020-2031
Table 10.22:    Norway: Unit Sold and Installed Base, 2020-2031
Table 10.23:    Finland: Unit Sold and Installed Base, 2020-2031
Table 10.24:    Austria: Unit Sold and Installed Base, 2020-2031
Table 10.25:    Ireland: Unit Sold and Installed Base, 2020-2031
Table 10.26:    Rest-of-Europe: Unit Sold and Installed Base, 2020-2031
Table 10.27:    Asia-Pacific Surgical Robotics Market (by Country), $Million, 2020-2031
Table 10.28:    Asia-Pacific: Unit Sold (by Country), 2020-2031
Table 10.29:    Asia-Pacific: Installed Base (by Country), 2020-2031
Table 10.30:    Japan: Unit Sold and Installed Base, 2020-2031
Table 10.31:    China: Unit Sold and Installed Base, 2020-2031
Table 10.32:    India: Unit Sold and Installed Base, 2020-2031
Table 10.33:    South Korea: Unit Sold and Installed Base, 2020-2031
Table 10.34:    Australia and New Zealand: Unit Sold and Installed Base, 2020-2031
Table 10.35:    Taiwan: Unit Sold and Installed Base, 2020-2031
Table 10.36:    Thailand: Unit Sold and Installed Base, 2020-2031
Table 10.37:    Malaysia: Unit Sold and Installed Base, 2020-2031
Table 10.38:    Singapore: Unit Sold and Installed Base, 2020-2031
Table 10.39:    Indonesia: Unit Sold and Installed Base, 2020-2031
Table 10.40:    Philippines: Unit Sold and Installed Base, 2020-2031
Table 10.41:    Latin America Surgical Robotics Market (by Country), $Million,  2020-2031
Table 10.42:    Latin America: Unit Sold (by Country), 2020-2031
Table 10.43:    Latin America: Installed Base (by Country), 2020-2031
Table 10.44:    Brazil: Unit Sold and Installed Base, 2020-2031
Table 10.45:    Mexico: Unit Sold and Installed Base, 2020-2031
Table 10.46:    Argentina: Unit Sold and Installed Base, 2020-2031
Table 10.47:    Chile: Unit Sold and Installed Base, 2020-2031
Table 10.48:    Venezuela: Unit Sold and Installed Base, 2020-2031
Table 10.49:    Colombia: Unit Sold and Installed Base, 2020-2031
Table 10.50:    Puerto Rico: Unit Sold and Installed Base, 2020-2031
Table 10.51:    Panama: Unit Sold and Installed Base, 2020-2031
Table 10.52:    Uruguay: Unit Sold and Installed Base, 2020-2031
Table 10.53:    Rest-of-the-World Surgical Robotics Market (by Country), $Million, 2020-2031
Table 10.54:    Rest-of-the-World: Unit Sold (by Country), 2020-2031
Table 10.55:    Rest-of-the-World: Installed Base (by Country), 2020-2031
Table 10.56:    KSA: Unit Sold and Installed Base, 2020-2031
Table 10.57:    Israel: Unit Sold and Installed Base, 2020-2031
Table 10.58:    Qatar: Unit Sold and Installed Base, 2020-2031
Table 10.59:    Pakistan: Unit Sold and Installed Base, 2020-2031
Table 10.60:    Kuwait: Unit Sold and Installed Base, 2020-2031
Table 10.61:    Egypt: Unit Sold and Installed Base, 2020-2031
Table 10.62:    Lebanon: Unit Sold and Installed Base, 2020-2031
Table 11.1:    Key Players: Snapshot
Table 11.2:    Key Strategies Implemented by Key Market Players (January 2017 – March 2020)
Table 11.3:    Asensus Surgical, Inc.: Net Revenue (U.S. and International), $Million, 2018-2020
Table 11.4:    Intuitive Surgical, Inc.: Unit Sold, Installed Base, and Procedure Volume, 2014-2020
Table 11.5:    Intuitive Surgical, Inc.: Net Revenue (U.S. and International), $Million, 2018-2020
Table 11.6:    Titan Medical Inc.: Overall Financials ($Million), 2018-2020

Figure 1:    Global Surgical Robotics Market, 2020-2031
Figure 2:    Dominating Segments of Global Surgical Robotics Market, 2020 and 2031
Figure 3:    Global Surgical Robotics Market (by Product Type), 2020, 2026, and 2031
Figure 4:    Global Surgical Robotics Market (by Application), 2020, 2026, and 2031
Figure 5:    Global Surgical Robotics Market (by End User), 2020, 2026, and 2031
Figure 6:    Global Surgical Robotics Market (by Region), 2020 and 2031
Figure 7:    Share of Key Developments and Strategies (by Category), January 2017 to March 2021
Figure 8:    Company Share Analysis, 2020
Figure 9:    Global Units Sold and Installed Base (by Region), 2020, 2026, and 2031
Figure 2.1:    Research Methodology
Figure 2.2:    Primary Research
Figure 2.3:    Secondary Research
Figure 2.4:    Data Triangulation
Figure 2.5:    Bottom-Up Approach
Figure 2.6:    Top-Down Approach
Figure 3.1:    Discovery of Surgical Robotic Technology
Figure 3.2:    Market Segmentation
Figure 3.3:    Global Surgical Robotics Market Scenario, 2020-2031
Figure 3.4:    Trend Analysis: da Vinci Robotic Surgery, 2012-2020
Figure 3.5:    Patent Portfolio: Intuitive Surgical, Inc., 2010-2020
Figure 3.6:    Advantages and Disadvantages: Robotic-Assisted Surgery, Open Surgery, and Conventional Laparoscopy Surgery
Figure 3.7:    Benefits of Robotic-Assisted Surgery from Patient’s Perspective
Figure 3.8:    U.S. Hysterectomy Market Share Trend Analysis, 2007-2015
Figure 3.9:    Comparison of Colon Resection (Open, Laparoscopy, and Robotic)
Figure 3.10:    Colon Resection Procedure-Related Cost Comparison
Figure 4.1:    Regulatory Process for Medical Devices in the U.S.
Figure 4.2:    MDR Transitional Provisions (EU)
Figure 4.3:    Timeline and Impact of MDR (EU)
Figure 4.4:    Regulatory Process for Medical Devices in European Union
Figure 4.5:    Regulatory Process for Medical Devices in the China
Figure 4.6:    Regulatory Process for Medical Devices in Japan
Figure 4.7:    Market Potential for Robotic Surgery Simulation Platforms, 2014-2024
Figure 4.8:    Telesurgery: Bridging the Gap Associated with Healthcare Accessibility
Figure 4.9:    Impact - Convergence of AI and Surgical Robotics
Figure 4.10:    Technological Evolution toward Autonomous Surgical Systems
Figure 4.11:    Shortfall of Surgical Specialists and Surgical Procedure Volume in In-Patient and Out-Patient Facilities (U.S.), 2018
Figure 4.12:    Benefits of Robotic-Assisted Surgical Procedure
Figure 4.13:    Minimally Invasive Surgeries – Pre-COVID-19 Scenario
Figure 4.14:    Number of Elective Surgical Procedures Cancelled due to COVID?19 (by Region)
Figure 5.1:    Share of Key Developments and Strategies (by Category), January 2017 to March 2021
Figure 5.2:    Share of Key Developments and Strategies (by Year), January 2017 – March 2021
Figure 5.3:    Share of Key Developments and Strategies (Regulatory and Legal), January 2017 – March 2021
Figure 5.4:    Funding Scenario, $Million, 2005-2021
Figure 5.5:    Share of Key Developments and Strategies (Partnerships, Alliances, and Business Expansion), January 2017 – March 2021
Figure 5.6:    Share of Key Developments and Strategies (Product Launches and Upgradations), January 2017 – March 2021
Figure 5.7:    Porter’s Five Forces Analysis
Figure 5.8:    Bargaining Power of Suppliers
Figure 5.9:    Bargaining Power of Buyers
Figure 5.10:    Threat of New Entrants
Figure 5.11:    Threat of Substitutes
Figure 5.12:    Intensity of Competitive Rivalry
Figure 5.13:    Value Chain Analysis
Figure 5.14:    Business Models: Intuitive Surgical, Inc.
Figure 5.15:    Business Models: Emerging Players
Figure 5.16:    Growth Share Analysis (by Company), 2021-2031
Figure 5.17:    Company Share Analysis, 2020
Figure 6.1:    Market Dynamics
Figure 6.2:    Iceberg Analysis
Figure 6.3:    Rapidly Increasing Patient Pool of Chronic Disorder (U.S.), 1995-2030
Figure 6.4:    Global Surgeries Volume, 2019 and 2030
Figure 6.5:    Average Selling Price: da Vinci Surgical Systems, $Million, 2008-2020
Figure 6.6:    Factors Contributing to Adverse Events in Robotics-Assisted Surgical Procedures
Figure 6.7:    Intuitive Surgical, Inc.: Installed Base and Revenue under Operating Lease Program, 2018-2020
Figure 7.1:    Market Segmentation: by Product Type
Figure 7.2:    Global Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 7.3:    Market Attractiveness Analysis (by Product Type), 2020-2031
Figure 7.4:    Benefits of Robotic-Assisted Surgeries from Patient’s Perspective
Figure 7.5:    Global Surgical Robotics Market (Surgical Systems), $Million, 2020-2031
Figure 7.6:    Global Surgical Robotics Market (Instruments and Accessories), $Million, 2020-2031
Figure 7.7:    Global Surgical Robotics Market (Services), $Million, 2020-2031
Figure 8.1:    Market Segmentation: by Application
Figure 8.2:    Market Attractiveness Analysis (by Application), 2020-2031
Figure 8.3:    Global Surgical Robotics Market (General Surgery), $Million, 2020-2031
Figure 8.4:    Global Surgical Robotics Market (Urology Surgery), $Million, 2020-2031
Figure 8.5:    Global Surgical Robotics Market (Gynecology Surgery), $Million, 2020-2031
Figure 8.6:    Global Surgical Robotics Market (Orthopedic Surgery), $Million, 2020-2031
Figure 8.7:    Global Surgical Robotics Market (Cardiology Surgery), $Million, 2020-2031
Figure 8.8:    Global Surgical Robotics Market (Head and Neck Surgery), $Million, 2020-2031
Figure 8.9:    Global Surgical Robotics Market (Other Surgeries), $Million, 2020-2031
Figure 9.1:    Market Segmentation: by End User
Figure 9.2:    Global Surgical Robotics Market (by End User), $Million, 2020-2031
Figure 9.3:    Market Attractiveness Analysis (by End User), 2020-2031
Figure 9.4:    Global Surgical Robotics Market (Hospitals), $Million, 2020-2031
Figure 9.5:    Global Surgical Robotics Market (Ambulatory Surgical Centers), $Million, 2020-2031
Figure 9.6:    Global Surgical Robotics Market (Other End User), $Million, 2020-2031
Figure 10.1:    Surgical Robotics Market Scenario (by Region), 2020 and 2031
Figure 10.2:    Global Surgical Robotics Market (by Region), 2020 and 2031
Figure 10.3:    Market Attractiveness Analysis (by Region), 2020-2031
Figure 10.4:    North America Surgical Robotics Market, $Million, 2020-2031
Figure 10.5:    North America: Market Dynamics
Figure 10.6:    U.S. Surgical Robotics Market, $Million, 2020-2031
Figure 10.7:    U.S. Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.8:    Canada Surgical Robotics Market, $Million, 2020-2031
Figure 10.9:    Canada Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.10:    Europe Surgical Robotics Market, $Million, 2020-2031
Figure 10.11:    Europe: Market Dynamics
Figure 10.12:    Germany Surgical Robotics Market, $Million, 2020-2031
Figure 10.13:    Germany Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.14:    France Surgical Robotics Market, $Million, 2020-2031
Figure 10.15:    France Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.16:    Italy Surgical Robotics Market, $Million, 2020-2031
Figure 10.17:    Italy Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.18:    U.K. Surgical Robotics Market, $Million, 2020-2031
Figure 10.19:    U.K. Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.20:    Spain Surgical Robotics Market, $Million, 2020-2031
Figure 10.21:    Spain Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.22:    Turkey Surgical Robotics Market, $Million, 2020-2031
Figure 10.23:    Turkey Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.24:    Russia Surgical Robotics Market, $Million, 2020-2031
Figure 10.25:    Russia Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.26:    Belgium Surgical Robotics Market, $Million, 2020-2031
Figure 10.27:    Belgium Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.28:    Switzerland Surgical Robotics Market, $Million, 2020-2031
Figure 10.29:    Switzerland Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.30:    Sweden Surgical Robotics Market, $Million, 2020-2031
Figure 10.31:    Sweden Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.32:    Netherlands Surgical Robotics Market, $Million, 2020-2031
Figure 10.33:    Netherlands Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.34:    Denmark Surgical Robotics Market, $Million, 2020-2031
Figure 10.35:    Denmark Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.36:    Norway Surgical Robotics Market, $Million, 2020-2031
Figure 10.37:    Norway Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.38:    Finland Surgical Robotics Market, $Million, 2020-2031
Figure 10.39:    Finland Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.40:    Austria Surgical Robotics Market, $Million, 2020-2031
Figure 10.41:    Austria Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.42:    Ireland Surgical Robotics Market, $Million, 2020-2031
Figure 10.43:    Ireland Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.44:    Rest-of-Europe Surgical Robotics Market, $Million, 2020-2031
Figure 10.45:    Rest-of-Europe Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.46:    Asia-Pacific Surgical Robotics Market, $Million, 2020-2031
Figure 10.47:    Asia-Pacific: Market Dynamics
Figure 10.48:    Asia-Pacific: Product Type, $Million, 2020-2031
Figure 10.49:    Japan Surgical Robotics Market, $Million, 2020-2031
Figure 10.50:    Japan Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.51:    China Surgical Robotics Market, $Million, 2020-2031
Figure 10.52:    China Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.53:    India Surgical Robotics Market, $Million, 2020-2031
Figure 10.54:    India Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.55:    South Korea Surgical Robotics Market, $Million, 2020-2031
Figure 10.56:    South Korea Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.57:    Australia and New Zealand Surgical Robotics Market, $Million, 2020-2031
Figure 10.58:    Australia and New Zealand Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.59:    Taiwan Surgical Robotics Market, $Million, 2020-2031
Figure 10.60:    Taiwan Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.61:    Thailand Surgical Robotics Market, $Million, 2020-2031
Figure 10.62:    Thailand Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.63:    Malaysia Surgical Robotics Market, $Million, 2020-2031
Figure 10.64:    Malaysia Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.65:    Singapore Surgical Robotics Market, $Million, 2020-2031
Figure 10.66:    Singapore Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.67:    Indonesia Surgical Robotics Market, $Million, 2020-2031
Figure 10.68:    Indonesia Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.69:    Philippines Surgical Robotics Market, $Million, 2020-2031
Figure 10.70:    Philippines Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.71:    Latin America Surgical Robotics Market, $Million, 2020-2031
Figure 10.72:    Latin America: Market Dynamics
Figure 10.73:    Brazil Surgical Robotics Market, $Million, 2020-2031
Figure 10.74:    Brazil Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.75:    Mexico Surgical Robotics Market, $Million, 2020-2031
Figure 10.76:    Mexico Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.77:    Argentina Surgical Robotics Market, $Million, 2020-2031
Figure 10.78:    Argentina Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.79:    Chile Surgical Robotics Market, $Million, 2020-2031
Figure 10.80:    Chile Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.81:    Venezuela Surgical Robotics Market, $Million, 2020-2031
Figure 10.82:    Venezuela Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.83:    Colombia Surgical Robotics Market, $Million, 2020-2031
Figure 10.84:    Colombia Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.85:    Puerto Rico Surgical Robotics Market, $Million, 2020-2031
Figure 10.86:    Puerto Rico Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.87:    Panama Surgical Robotics Market, $Million, 2020-2031
Figure 10.88:    Panama Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.89:    Uruguay Surgical Robotics Market, $Million, 2020-2031
Figure 10.90:    Uruguay Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.91:    Rest-of-the-World Surgical Robotics Market, $Million, 2020-2031
Figure 10.92:    Rest-of-the-World: Market Dynamics
Figure 10.93:    KSA Surgical Robotics Market, $Million, 2020-2031
Figure 10.94:    KSA Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.95:    Israel Surgical Robotics Market, $Million, 2020-2031
Figure 10.96:    Israel Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.97:    Qatar Surgical Robotics Market, $Million, 2020-2031
Figure 10.98:    Qatar Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.99:    Pakistan Surgical Robotics Market, $Million, 2020-2031
Figure 10.100:    Pakistan Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.101:    Kuwait Surgical Robotics Market, $Million, 2020-2031
Figure 10.102:    Kuwait Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.103:    Egypt Surgical Robotics Market, $Million, 2020-2031
Figure 10.104:    Egypt Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 10.105:    Lebanon Surgical Robotics Market, $Million, 2020-2031
Figure 10.106:    Lebanon Surgical Robotics Market (by Product Type), $Million, 2020-2031
Figure 11.1:    Total Number of Companies Profiled
Figure 11.2:    Asensus Surgical, Inc.: Overall Financials ($Million), 2018-2020
Figure 11.3:    Asensus Surgical, Inc.: Net Revenue (by Product Category), $Million, 2018-2020
Figure 11.4:    Asensus Surgical, Inc.: Net Revenue (by Region), $Million, 2018-2020
Figure 11.5:    Globus Medical, Inc.: Overall Financials ($Million), 2018-2020
Figure 11.6:    Globus Medical, Inc.: Net Revenue (by Product Category), $Million, 2018-2020
Figure 11.7:    Globus Medical, Inc.: Net Revenue (by Region), $Million, 2018-2020
Figure 11.8:    Intuitive Surgical, Inc.: Overall Financials ($Million), 2018-2020
Figure 11.9:    Intuitive Surgical, Inc.: Net Revenue (by Product Category), $Million, 2018-2020
Figure 11.10:    Intuitive Surgical, Inc.: Net Revenue (by Region), $Million, 2018-2020
Figure 11.11:    Johnson & Johnson: Overall Financials ($Million), 2018-2020
Figure 11.12:    Johnson & Johnson: Net Revenue (by Medical Device), $Million, 2018-2020
Figure 11.13:    Johnson & Johnson: Net Revenue (Medical Devices) (by Region), $Million, 2018-2020
Figure 11.14:    Medtronic plc: Overall Financials ($Million), 2018-2020
Figure 11.15:    Medtronic plc: Net Revenue (by Segment, $Million, 2018-2020
Figure 11.16:    Medtronic plc: Net Revenue (by Region), $Million, 2018-2020
Figure 11.17:    Revo Surgical System Timeline:
Figure 11.18:    Renishaw plc: Overall Financials ($Million), 2018-2020
Figure 11.19:    Renishaw plc: Net Revenue (by Segment), $Million, 2018-2020
Figure 11.20:    Renishaw plc: Net Revenue (by Region), $Million, 2018-2020
Figure 11.21:    Siemens Healthineers AG (Corindus Vascular Robotics, Inc.): Overall Financials ($Million), 2016-2018
Figure 11.22:    Siemens Healthineers AG (Corindus Vascular Robotics, Inc.): Net Revenue (by Product Category), $Million, 2016-2018
Figure 11.23:    Siemens Healthineers AG (Corindus Vascular Robotics, Inc.): Net Revenue (by Region), $Million, 2016-2018
Figure 11.24:    Smith & Nephew plc: Overall Financials ($Million), 2018-2020
Figure 11.25:    Smith & Nephew plc: Net Revenue (by Product Category), $Million, 2018-2020
Figure 11.26:    Smith & Nephew plc: Net Revenue (by Region), $Million, 2018-2020
Figure 11.27:    Stereotaxis, Inc.: Overall Financials ($Million), 2018-2020
Figure 11.28:    Stereotaxis, Inc.: Net Revenue (by Product Category), $Million, 2018-2020
Figure 11.29:    Stereotaxis, Inc.: Net Revenue (by Region), $Million, 2018-2020
Figure 11.30:    Stryker Corporation: Overall Financials ($Million), 2018-2020
Figure 11.31:    Stryker Corporation: Net Revenue (by Segment), $Million, 2018-2020
Figure 11.32:    Stryker Corporation: Net Revenue (by Region), $Million, 2018-2020
Figure 11.33:    Venus Concept, Inc. (Restoration Robotics, Inc.): Overall Financials ($Million),  2016-2018
Figure 11.34:    Venus Concept, Inc. (Restoration Robotics, Inc.): Net Revenue (by Product Category), $Million, 2016-2018
Figure 11.35:    Venus Concept, Inc. (Restoration Robotics, Inc.): Net Revenue (by Region), $Million, 2016-2018
Figure 11.36:    Zimmer Biomet Holdings, Inc.: Overall Financials ($Million), 2018-2020
Figure 11.37:    Zimmer Biomet Holdings, Inc.: Net Revenue (by Product Category), $Million,  2018-2020
Figure 11.38:    Zimmer Biomet Holdings, Inc.: Net Revenue (by Region), $Million, 2018-2020

Report Description

Market Report Coverage - Surgical Robotics

Base Year

2020

Market Size in 2020

$5,460.5 Million

Forecast Period

2021-2031

Value Projection and Estimation by 2031

$16,774.5 Million

CAGR During Forecast Period

10.2%

Number of Tables

106

Number of Pages

385

Number of Figures

229

Research Hours

350

 

 

Market Segmentation

•    Product Type: Surgical Systems, Instruments & Accessories, and Services

•    Application: General Surgery, Urology Surgery, Gynecology Surgery, Orthopedic Surgery, Cardiology Surgery, Head & Neck Surgery, and Others

•    End-User: Hospitals, Ambulatory Surgical Centers, and Specialty Clinics

Regional Segmentation

•    North America: U.S. and Canada

•    Europe: Germany, U.K, France, Italy, Spain, Turkey, Russia, Belgium, Switzerland, Sweden, Netherlands, Denmark, Norway, Finland, Austria, Ireland, Rest-of-Europe

•    Asia-Pacific: Japan, China, India, South Korea, Australia & New Zealand, Taiwan, Thailand, Malaysia, Singapore, Indonesia, and Philippines

•    Latin America: Brazil, Mexico, Argentina, chile, Venezuela, Colombia, Puerto Rico, Panama, and Uruguay

•    Rest-of-the-World: Kingdom of Saudi Arabia, Israel, Qatar, Pakistan, Kuwait, Egypt, and Lebanon

Growth Drivers

•    Rising Incidence of Chronic Disorders Inciting the Use of Robotic-Assisted Surgical Procedures

•    Elevating Geriatric Population Changing the Adoption Patten for Minimally Invasive Surgical Procedures

•    Rising Demand of Minimally Invasive Surgical Procedures Signifies the Need for Robotic-Assisted Surgeries

•    Technological Advancement in the Field of Medical Surgeries

Market Challenges

•    High Cost of Surgical Robotic Systems and its Associated Procedures

•    Shortage of Skilled Professionals

•    Restrictive Reimbursement Landscape

Market Opportunities

•    Development of Low-Cost Surgical Robotic Systems

•    Implementation of Artificial Intelligence (AI) in Surgical Robots

•    Development of Surgical Simulators for the Training of Professionals

Market Trednds

•    Operating Lease Programs Implemented by the Surgical Robotic Manufacturers

Key Companies Profiled

Asensus Surgical, Inc., avatera medical GmbH, CMR Surgical Limited, Corin Group, Curexo, Inc., Globus Medical, Inc., Intuitive Surgical, Inc., Johnson & Johnson, Medicaroid Corporation, Medrobotics Corporation, Medtronic plc, meerecompany, Inc., Monteris Medical Corporation, Neocis, Inc., PROCEPT BioRobotics Corporation, Renishaw plc, Siemens Healthineers AG, Smith & Nephew plc, Stereotaxis, Inc., Stryker Corporation, THINK Surgical, Inc., Titan Medical, Inc., Venus Concept, Inc., Vicarious Surgical, Inc., Virtual Incision Corporation, and Zimmer Biomet Holdings, Inc.

Key Questions Answered in this Report:

•    What are the major market drivers, challenges, and opportunities in the global surgical robotics market?
•    What are the underlying structures resulting in the emerging trends within the surgical robotics industry?
•    What was the market value of the leading segments of the global surgical robotics market in 2020?
•    What are the influencing factors that may affect the market share of the key players?
•    How will the industry evolve during the forecast period 2021-2031?
•    What are the key developmental strategies which are implemented by the key players to sustain in the competitive market?
•    What is the current market share of each of the companies in the global surgical robotics market and what will be their contributions in 2030?
•    What is the growth potential of surgical robotics in each region, including North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World?
•    What are the key regulatory implications in developed and developing regions for surgical robotics?
•    What was the total installed base and unit sold by country in 2020?

Market Overview

Overview of the Global Surgical Robotics Market

The global surgical robotics market is anticipated to witness tremendous growth over the forecast period primarily due to the increasing prevalence rate of chronic disorders, elevating global population coupled with the geriatric population, improving reimbursement policies, and public initiatives and funding to develop technologically advanced products. The market for surgical robotics (product type) is divided into three segments, namely, surgical systems, instruments & accessories, and services.

Surgical robotic systems primarily include surgical systems (capital equipment), instruments & accessories, and services (maintenance and up-gradation). In the past decade, the definition of these advanced technologies has expanded, involving the use of these systems for multiple surgical procedures ranging from general surgeries to orthopedic surgeries. The ongoing trend of rising demand for surgical robotic systems is anticipated to continue in the future with the implementation of technological innovations and advancements in minimally invasive surgical procedures.

Global Surgical Robotics Market Forecast

Global Surgical Robotics Market

Source: BIS Research Analysis

As depicted in the preceding figure, the global surgical robotics market is anticipated to grow with a robust CAGR of 10.2% during the forecast period, 2021-2031. The market for surgical robotics generated $5.46 billion in 2020, in terms of value and is estimated to reach $16.77 billion by 2031.

Competitive Landscape

The total market was valued at $5,460.5 million in 2020 with Intuitive Surgical, Inc. dominating the global surgical robotics market by holding 79.82% of the market share in 2020. This market dominance was attributed to the company’s presence within the market and huge market penetration in different regions. Currently, the company offers its fourth generational surgical robotic platforms, first commercialized in 2014 (da Vinci Xi Surgical System). Stryker Corporation was responsible for 9.09% of the global market share in 20202, second only to Intuitive Surgical, Inc. BIS Research anticipates that Intuitive Surgical will hold nearly 52.06% of the total market by the end of 2031.

In the past four years, i.e., (January 2017 to March 2021), the market has witnessed approximately 85 regulatory and legal developments, 56 funding activities, 51 partnerships, alliances, and business expansions, 15 mergers and acquisitions, and nine product offerings and upgradations. Currently, most market players are involved in conducting regulatory and legal activities in the market, as is evident from the shares of funding activities and new offerings.  There is a potential for mergers and acquisitions activities in the future as more and more start-ups enter the market targeting specific surgical applications and key players of the conventional surgical robotics market look to consolidate.

Surgical robotics market has a promising outlook, and successful start-ups may enter into merger agreements with the well-established players in the market. Strategic agreements such as partnerships, alliances, and business expansion hold the largest share, followed by mergers acquisitions, and product launches activities.

The key players contributing to the global surgical market are Asensus Surgical, Inc., avatera medical GmbH, CMR Surgical Limited, Corin Group, Curexo, Inc., Globus Medical, Inc., Intuitive Surgical, Inc., Johnson & Johnson, Medicaroid Corporation, Medrobotics Corporation, Medtronic plc, meerecompany, Inc., Monteris Medical Corporation, Neocis, Inc., PROCEPT BioRobotics Corporation, Renishaw plc, Siemens Healthineers AG, Smith & Nephew plc, Stereotaxis, Inc., Stryker Corporation, THINK Surgical, Inc., Titan Medical, Inc., Venus Concept, Inc., Vicarious Surgical, Inc., Virtual Incision Corporation, and Zimmer Biomet Holdings, Inc.

FAQ's

What is growth rate of the global surgical robotics market?

The global surgical robotics market is projected to grow at CAGR of 10.2% during 2021-2031 and reach a market value of $16.77 billion by 2031.

What are the key market drivers in the global surgical robotics market?

The business drivers that affect the adoption of surgical robotics market include the rising incidence of chronic disorders, elevating geriatric population changing the adoption pattern for MIS procedures, and technological advancements in the field of medical surgeries. 

Are there any market restraints associated with the surgical robotics market?

High cost of surgical robotic systems and their associated procedures, shortage of skilled professionals, and restrictive reimbursement landscape, pose challenge to the rising adoption of surgical robotics worldwide. 

Which company occupies the largest market share in the surgical robotics industry?

Intuitive Surgical Inc. dominates the global surgical robotics market with an overall share of 79.82% in 2020 and is expected to retain its dominance during the period 2021-2031. 

Who are the leading players operating in the global surgical robotics market?

Key companies involved in the global surgical robotics industry include Intuitive Surgical Inc., Medtronic PLC, Renishaw PLC, CMR Surgical Ltd., Stryker Corporation, Smith & Nephew PLC, Zimmer Biomet Holdings, Titan Medical Inc., and Medrobotics Corporation, among others. 

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