Global Surgical Robotics Market

Global Surgical Robotics Market: Focus on Products and Services (Surgical Systems, Instruments & Accessories, and Services & Maintenance), Applications, End Users, and Competitive Landscape: Analysis and Forecast, 2018-2025

The global surgical robotics market is expected to reach $11.65 billion by 2025. The market consists of various product segments such as surgical systems, instruments and accessories and maintenance services.

SKU: BH044D
Published Year: 2018
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Surgical Robotics Technology

Robotic surgery refers to a surgical procedure where surgeons use a computer to control small instruments attached to a robot. Hence, it is also known as computer guided minimally invasive surgery. The surgical robotic system includes surgeons console, surgical arms and monitoring system and software. The robotic surgery is an advanced technology that helps surgeons to perform complex surgeries with more accuracy and precision. This surgery ensures greater accuracy, enhanced motion range and provides better dexterity to surgeons. Further, the three-dimensional vision provided by the camera renders a more detailed view to the surgeons which, as a result, enhances the surgical outcome and the overall procedure.

There was a growing demand for minimally invasive surgical techniques both from the patient and the doctor side. Generally, traditional minimally invasive laparoscopic surgical techniques are employed for region of interest in surgeries, but those techniques have their limitations of standard two-dimensional video and rigid instruments used by the surgeons. These instruments are incapable of providing high quality video of the affected region impose a difficulty in the case of complex surgeries. On the contrary, robotic surgery makes it easier for the surgeons to carry out complex procedures with comparatively much smaller incisions (0.5-1 mm). As a result, the global surgical robotics market is growing at an exponential rate.

A surgical robot recurring revenue business model is essentially a large one-time purchase for a system complimented by the replaceable or disposable instruments that cumulatively make a much larger and sustainable ongoing market. In recurring revenue business model, the vendor makes money through one-time sale of the robotic system and then generates recurring revenue from the sale of equipment and accessory products, and maintenance services used in the robotic system.

How Surgical Robots Help?

Surgical robots increase the accuracy of surgeons while reducing the risk to the patients. For instance, heart bypass surgery requires patient’s chest to be opened by making a long incision. The surgeon first cuts through skin, then tissue and muscle, then fascia, and then reaches the heart. However, through non-invasive surgical robots it becomes easy to perform critical surgeries with minimal incision and high accuracy. Surgical robots have several advantages such as decrease in post-operative pain, decreased risk of infection, and decreased blood loss.

These robots provide effective representations of body parts and increase dexterity, which aids the surgeons while working on inaccessible body parts and offer shorter recovery time and leave lesser scars in comparison to the traditional open surgery. The advancements in robotic surgery systems make them capable of replicating the tactile feel and sensation, which a surgeon experiences during the more invasive traditional procedures. Consequently, this enables the surgeons gain the precision and advantages of minimally invasive procedures without losing the sensory information that is helpful in making the correct judgment during the robotic surgery.

Scope of the Surgical Robotics Report

The global surgical robotics market is expected to reach $11.65 billion by 2025. The market report presents a detailed and investigative study of the entire market and provides a comprehensive insight into various forms of development, trends and the key market participants. While highlighting the key driving and restraining forces for this dynamic market, the report also provides a comprehensive section on competitive landscape, market share analysis, competitive benchmarking, and the position of the competitors within the global surgical robotics market. 

Surgical Robotics Market Segmentation

This research study includes an extensive analysis of the global surgical robotics market by product, application, end-user and geographical regions, allowing the researcher to develop a comprehensive outlook of the market. Each of these segments have been analyzed on the basis of their current and future market size, considering the macro and micro environmental factors.

Key Players in the Market

The key players who have significant contributions to the surgical robotics market are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics, Hansen Medical Inc., MedRobotics, TransEnterix Inc., Accuray Inc., Renishaw plc, Think Surgical, Synaptive Medical, Titan Medical Inc. and Smith & Nephew plc, among others.

Key Questions Answered 

•    What are the major market drivers, challenges and opportunities of the global surgical robotics market?
•    How did the minimally invasive robot assistive surgical procedures evolve and what is its scope in the future?
•    What were the market shares by value of the leading segments and sub-segments of the global surgical robotics market in 2017 and what will be the shares in 2025?
•    What were the market shares by volume of the leading segments and sub-segments of the global surgical robotics market in 2017 and what will be the shares in 2025?
•    How will each of the segments of the global surgical robotics market by value grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2025?
•    How will each of the segments of the global surgical robotics market by volume grow during the forecast period and what will be the installation volume or procedural volume respectively by each of the segment by the end of 2025?
•    How did the market share of the leading companies change in 2016 and which country will lead the market in 2017?
•    How will the surgical robotics industry evolve during the forecast period 2018-2025?
•    What are the key developments and strategies implemented by the key players to stand out in this market? 
•    Which product, application and end-user will dominate the global surgical robotics market by the end of the forecast period, and which one is growing at the highest CAGR during the forecast period 2018-2025?
•    What will be the growth rate of different segments during the forecast period? Which is the leading segment by product, imaging modality, application, and end-user?
•    Who are the key players in the global surgical robotics market?
•    Which region will lead the global surgical robotics market in revenue generation through the forecast period?
•    Which region will lead the global surgical robotics market in surgical systems installation volume throughout the forecast period?
•    Which country will be growing at the highest CAGR during the forecast period?

   Executive Summary
   1    Market Overview
         1.1    Market Trends
         1.2    Recent Market Developments
         1.3    Evolution of Surgical Robotic Technology
         1.4    Patient Compliances and End User Perception
         1.5    Growth In Surgical Robotics Market
         1.6    Growth in Conventional MIS
         1.7    Adoption of Robotic Surgical Procedures
         1.8    Market Participant Growth
         1.9    Growing Opportunities in Surgical Robotics Market
         1.10   Opportunity Mapping
 
   2    Market Dynamics
         2.1    Market Dynamics
         2.2    Impact Analysis of Market Dynamics and Restraints
         2.3    Market Drivers
         2.4    Market Restraints
         2.5    Market Opportunities
 
   3    Competitive Insights
         3.1    Key Developments and Strategies
         3.2    Product Launches
         3.3    Approvals and Certifications
         3.4    Collaboration, Partnerships, and Joint Ventures
         3.5    Business Contracts and Funding
         3.6    Mergers and Acquisitions
         3.7    Legal Requirements and Regulations
         3.8    Industry Attractiveness
                  3.8.1    Threat of New Entrants
                  3.8.2    Intensity of Competitive Rivalry
                  3.8.3    Threat of Substitute Products
                  3.8.4    Bargaining Power of Buyer
                  3.8.5    Bargaining Power of Suppliers
         3.9    Market Share Analysis
                  3.9.1    Market Share Analysis
                  3.9.2    Growth Share Matrix
        3.10   Value Chain Analysis
 
   4    Industry Analysis
         4.1    Patent Analysis
         4.2    Consortiums, Associations, and Regulatory Bodies
 
   5    Global Surgical Robotics Market (by Product)
         5.1    Overview
         5.2    Surgical Systems
                   5.2.1    Recent Developments
         5.3    Instruments and Accessories
         5.4    Service and Maintenance
 
   6    Global Surgical  Robotics Market (by Application)
         6.1    Overview
         6.2    General Surgery
         6.3    Cardiology
         6.4    Gynecological Surgery
         6.5    Orthopedics Surgery
         6.6    Urological Surgery
         6.7    Head and Neck (Including Neurology)
 
   7    Global Surgical Robotics Market (by End User)
         7.1    Overview
         7.2    Hospitals
         7.3    Ambulatory Surgical Centers (ASCs)
         7.4    Others
 
   8    Global Surgical  Robotics Market (by Region)
         8.1    Overview
                  8.1.1    Analysis
         8.2    North America
                  8.2.1    The U.S.
                  8.2.2    Canada
                  8.2.3    Key Consortiums/Associations in Surgical Robotics in North America
                  8.2.4    North America - Key Recent Developments
         8.3    Europe
                  8.3.1    Europe (by Country)
                  8.3.2    Germany
                  8.3.3    The U.K.
                  8.3.4    France
                  8.3.5    Italy
                  8.3.6    Spain
                  8.3.7    The Netherlands
                  8.3.8    Belgium
                  8.3.9    Europe - Key Recent Developments
         8.4    Asia-Pacific
                  8.4.1    Asia-Pacific (by Country)
                  8.4.2    Japan
                  8.4.3    China
                  8.4.4    Australia
                  8.4.5    South Korea
                  8.4.6    India
                  8.4.7    Taiwan
         8.5    Latin America
                  8.5.1    Latin America (by Country)
                  8.5.2    Brazil
                  8.5.3    Mexico
         8.6    Rest-of-the-World
                  8.6.1    Israel
                  8.6.2    Qatar
                  8.6.3    Kingdom of Saudi Arabia
                  8.6.4    Recent Developments
 
   9    Company Profiles
         9.1    Accuray, Inc.
                  9.1.1    Company Overview
                  9.1.2    Product Mapping
                  9.1.3    Financials
                              9.1.3.1    Financial Summary
                  9.1.4    SWOT Analysis
         9.2    Hansen Medical
                  9.2.1    Company Overview
                  9.2.2    Auris Health, Inc.: Company Overview
                  9.2.3    Corporate Summary
                  9.2.4    Recent Developments
                  9.2.5    SWOT Analysis
         9.3    CMR Surgical Ltd.
                  9.3.1    Company Overview
                  9.3.2    Product Mapping
                  9.3.3    Corporate Summary
                  9.3.4    Recent Developments
                  9.3.5    SWOT Analysis
         9.4    Corindus Vascular Robotics, Inc.
                  9.4.1    Overview
                  9.4.2    Product Mapping
                  9.4.3    Financials
                              9.4.3.1    Financial Summary
                  9.4.4    Recent Developments
                  9.4.5    SWOT Analysis
         9.5    Intuitive Surgical, Inc.
                  9.5.1    Overview
                  9.5.2    Product Mapping
                  9.5.3    Financials
                              9.5.3.1    Financial Summary
                  9.5.4    Recent Developments
                  9.5.5    SWOT Analysis
         9.6    Zimmer Biomet Holdings, Inc.
                  9.6.1    Medtech SA Overview
                  9.6.2    Overall Product Portfolio
                  9.6.3    Product Offerings for Surgical Robotics Market
                  9.6.4    Financials
                              9.6.4.1   Financial Summary
                  9.6.5    Global Presence
                  9.6.6    Recent Developments
                  9.6.7    SWOT Analysis
         9.7    Medtronic Plc
                  9.7.1    Company Overview
                  9.7.2    Overall Product Portfolio
                  9.7.3    Product Offerings for Surgical Robotics Market
                  9.7.4    Financials
                              9.7.4.1   Financial Summary
                  9.7.5    Global Presence
                  9.7.6    Recent Developments
                  9.7.7    SWOT Analysis
         9.8    Mimic Technologies, Inc.
                  9.8.1    Overview
                  9.8.2    Corporate Summary
                  9.8.3    SWOT Analysis
         9.9    Renishaw Plc.
                  9.9.1    Company Overview
                  9.9.2    Product Mapping
                  9.9.3    Financials
                              9.9.3.1    Financial Summary
                  9.9.4    SWOT Analysis
        9.10   Restoration Robotics, Inc.
                  9.10.1    Overview
                  9.10.2    Product Portfolio
                  9.10.3    Financials
                                9.10.3.1    Financial Summary
                  9.10.4    Recent Developments
                  9.10.5    SWOT Analysis
        9.11   Smith & Nephew plc
                  9.11.1    Overview
                  9.11.2    Overall Product Portfolio
                  9.11.3    Product Offerings for Surgical Robotics Market
                  9.11.4    Financials
                                9.11.4.1   Financial Summary
                  9.11.5    Global Presence
                  9.11.6    Recent Developments
                  9.11.7    SWOT Analysis
        9.12   Stryker Corporation
                  9.12.1    Overview
                  9.12.2    Overall Product Portfolio
                  9.12.3    Product Offerings for Surgical Robotics Market
                  9.12.4    Financials
                                9.12.4.1   Financial Summary
                  9.12.5    Global Presence
                  9.12.6    Recent Developments
                  9.12.7    SWOT Analysis
        9.13   Synaptive Medical Inc.
                  9.13.1    Overview
                  9.13.2    Product Mapping
                  9.13.3    Corporate Summary
                  9.13.4    Recent Developments
                  9.13.5    SWOT Analysis
        9.14   Think Surgical ,Inc.
                  9.14.1    Overview
                  9.14.2    Product Mapping
                  9.14.3    Corporate Summary
                  9.14.4    Recent Developments
                  9.14.4    SWOT Analysis
        9.15   Titan Medical
                  9.15.1    Overview
                  9.15.2    Product Mapping
                  9.15.3    Financials
                                9.15.3.1   Financial Summary
                  9.15.4    Recent Developments
                  9.15.5    SWOT Analysis
        9.16   TransEnterix Inc.
                  9.16.1    Overview
                  9.16.2    Product Mapping
                  9.16.3    Financials
                                9.16.3.1   Financial Summary
                  9.16.4    Recent Developments
                  9.16.5    SWOT Analysis
        9.17   US Medical Innovations, LLC
                  9.17.1   Overview
                  9.17.2   Corporate Summary
                  9.17.3   Recent Developments
                  9.17.4   SWOT Analysi
       9.18    Verb Surgical Inc.
                   9.18.1   Overview
       9.19     Virtual Incision Corporation 
                    9.19.1   Company Overview
                    9.19.2   Corporate Summary
                    9.19.3   Recent Developments
                    9.19.4   SWOT Analysis
 

List of Tables

1    Global Top 15 Surgical Robotics Markets  
2    Global Surgical Procedure Volume (Million)
3    Market Driver Impact Analysis 
4    Market Restraint Impact Analysis 
5    Product Launches
6    Global Surgical Robotics Market Share (by Surgical Systems), 2017
7    Consortiums, Associations and Regulatory Bodies
8    Global Surgical Robotics Market (by Product), $Million, 2012-2025 
9    Global Surgical Robotics Market Growth (by Product), $Million, 2012-2025
10    Surgical Robotic Systems Revenue (by Company), $Million, 2015-2025 
11    Different Types of Surgical Robotics Systems  
12    Surgical Robotics Unit Sold (by Company)
13    Surgical Robotics Unit Sold (by Brand)
14    Surgical Robotics Cumulative Installed Base 
15    Cumulative Installed Base of da Vinci Surgical Systems: 2012-2017
16    Some of the Instruments and Accessories for Robotic Surgical Systems 
17    Surgical Robotic Instruments Revenue (by Company), $Million, 2015-2025
18    Surgical Robotic Services Revenue (by Company), 2015-2025 ($Million)
19    Global Surgical Robotics Market (by Application), 2012-2025 ($Million)
20    Global Surgical Robotics Market Growth (by Application), 2012-2025 
21    Global Surgical Robotics Procedure Volume, 2015-2025 (in Thousand)
22    Global Surgical Robotics Market by End-User, 2012-2025 ($Million)
23    Global Surgical Robotics Market Growth (Y-o-Y) by End-User, 2012-2025 
24    New Surgical Robots sold by End-User Market, 2015-2025 (In Units)
25    Some of the Emerging Platforms for Robotic Surgery
26    Global Surgical Robotics Market by Region, $Million, 2012-2025
27    Global Surgical Robotics Market Growth (Y-o-Y) by Region, 2012-2025 
28    Global Surgical Robots sold by region 
29    Global Surgical Robots Cumulative Installed Base by Region
30    Regional Growth Rate of Surgical Robotics Market
31    U.S. Surgical Robotics Market by Product 2015-2025 ($Million)
32    Canada Surgical Robotics Market by Product 2015-2025 ($Million)
33    Europe Surgical Robotics Market by Country, 2015-2025 ($Million)
34    Europe Surgical Robotics Cumulative Installed Base by Country
35    Europe Surgical Robotic sold Units by Country, 2015-2025
36    Key Market Players in European Countries 
37    Asia Pacific Surgical Robotics Market by Country, 2015-2025 ($Million)
38    Asia Pacific Surgical Robotics Cumulative Installed Base by Country
39    Asia Pacific Surgical Robotic sold Units by Country, 2015-2025
40    Latin America Surgical Robotics Market by Country, 2015-2025 ($Million)
41    Latin America Surgical Robotics Cumulative Installed Base by Country
42    Latin America Surgical Robotic sold Units by Country, 2015-2025
43    RoW Surgical Robotics Market by Country, 2015-2025 ($Million)
44    RoW Surgical Robotics Cumulative Installed Base by Country
45    RoW Surgical Robotic sold Units by Country, 2015-2025
46    Overview: Accuray Inc.
47    Recent Developments: Accuray Inc.
48    Overview: Hansen Medical
49    Overview: Auris Health, Inc.
50    Recent Developments: Auris Health, Inc.
51    Overview: CMR Surgical Ltd.
52    Recent Developments: CMR Surgical
53    Overview: Corindus Vascular Robotics, Inc.
54    Recent Developments: Corindus Vascular Robotics, Inc.
55    Overview: Intuitive Surgical Inc.
56    Recent Developments: Intuitive Surgical Inc.
57    Overview: Mazor Robotics Ltd.
58    Recent Developments: Mazor Robotics Ltd.
59    Overview: Medrobotics Corporation
60    Recent Developments: Medrobotics Corporation
61    Overview: Zimmer Biomet Holdings, Inc.
62    Overview: Medtech SA
63    Recent Developments: Zimmer Biomet Holdings, Inc.
64    Overview: Medtronic Plc
65    Recent Developments: Medtronic Plc
66    Overview: Mimic Technologies, Inc.
67    Overview: Renishaw Plc.
68    Overview: Restoration Robotics, Inc.
69    Recent Developments: Restoration Robotics, Inc.
70    Overview: Smith & Nephew plc
71    Recent Developments: Smith & Nephew plc
72    Overview: Stryker Corporation
73    Recent Developments: Stryker Corporation
74    Overview: Synaptive Medical Inc. 
75    Recent Developments: Synaptive Medical Inc.
76    Overview: Think Surgical, Inc.
77    Recent Developments: Think Surgical, Inc.
78    Overview: Titan Medical Inc.
79    Recent Developments: Titan Medical Inc.
80    Overview: TransEnterix Inc.
81    Recent Developments: TransEnterix Inc.
82    Overview: US Medical Innovations, LLC
83    Recent Developments: US Medical Innovations, LLC
84    Overview: Verb Surgical Inc.
85    Recent Developments: Verb Surgical Inc.
86    Overview: Virtual Incision Corporation
87    Recent Developments: Virtual Incision Corporation

List of Figures

1    Global Surgical Robotics Market
2    Cumulative Installed Units of Surgical Robots
3    Number of Total Surgical Robot Sold (in Units)
4    Number of da Vinci Surgical Robot Sold (in Units)
5    Global Robotic Surgery Procedure Volume 
6    Growth Comparison General Vs. Total Robotic Surgeries
7    Global Robotic Surgery Procedure Volume 
8    Regional Surgical Procedure Volume Growth Comparison 
9    Global Surgical Robotics Market by Region
10    Regional Surgical Robotics Market Growth Comparison 
11    Cumulative Installed Volume of Surgical Robots, 2017
12    Unit Sold Volume of Surgical Robots, 2017
13    Global Robotic Surgeries Procedure Volume (in Thousand)
14    Growth Share Matrix by Country
15    Periodic Development of Medical Surgery Market 
16    Evolution of Surgical Robotic Technology
17    Advantages and Disadvantages of Open verses Laparoscopic verses Robotic Assisted Cardiac Surgery
18    Benefit of Robotic Surgery
19    Global Surgical Robotics Market Value ($Billion)
20    Global Surgical Minimally Invasive (Laparoscopy and Endoscopy)Surgical Equipment Market Value ($Billion)
21    Global Surgical Robotics and Conventional Minimally Invasive Surgery (MIS)  Market
22    Global Endoscopy Market by Product ($Million)
23    Global Endoscopy Market Growth Rate
24    Global Laparoscopy Market ($Million)
25    Global Laparoscopic Procedure Volume (Million) 
26    Growth Rate  for Different Surgical Methods
27    U.S. Prostatectomy Procedure Cannibalism
28    U.S. Malignant Hysterectomy Procedure Cannibalism
29    U.S. Benign Hysterectomy Procedure Cannibalism
30    U.S. Colorectal Procedure Cannibalism
31    Global Laparoscopic Procedure Volume (Million) 
32    Global Endoscopy Procedure Volume (Million) 
33    Global Robotic Surgery Volume (Thousand) 
34    Y-0-Y Growth Rate
35    Global Robotic Surgery Procedure Volume (Thousand)
36    International (Excluding U.S.)Robotic Surgery Procedure Volume (Thousand)
37    U.S. Robotic Surgery Procedure Volume (Thousand)
38    U.S. Vs. International Procedure Volume (Thousand)
39    Global Robotic Surgery Growth Share Matrix by Application, 2012
40    Global Robotic Surgery Growth Share Matrix by Application, 2025
41    U.S. Robotic Surgeries Y-o-Y  Changes by Application, 2012-2025
42    International (Excluding U.S.) Robotic Surgeries Y-o-Y  Changes by Application, 2012-2025
43    Robotic Surgeries Y-o-Y Changes, 2012-2025
44    Robotic Surgeries Procedure Volume (Thousand), 2012-2025
45    Robotic Surgeries CAGR Changes 
46    Growth Comparison Robotic Vs Conventional MIS Companies
47    Surgical Robotics Companies Growth Rate (2014-2017)
48    Conventional MIS Companies Growth Rate (2014-2017)
49    Opportunity Divers 
50    Surgical Robotics Market  ($Billion)
51    U.S. Laparoscopic Vs Robotic Surgery Procedures
52    Significant Opportunities Exist For Complex Procedures in International Markets (2015)
53    U.S. Hysterectomy Market Share Trend 
54    Share of da Vinci Target Market, 2012
55    Share of da Vinci Target Market, 2013
56    Share of Key Developments and Strategies
57    Share of Approvals & Certifications
58    Share of Collaborations, Partnerships & Joint Ventures
59    Porter’s Five Forces Analysis
60    Global Surgical Robotics Market Share by Surgical Systems, 2012
61    Global Surgical Robotics Market Share by Surgical Systems, 2016
62    Global Surgical Robotics Market Share by Surgical Systems, 2017
63    Global Surgical Robotics Market Share by Surgical Systems, 2025
64    Growth Share Matrix
65    Growth Share Matrix 
66    Value Chain Analysis 
67    Patent Analysis
68    Global Surgical Robotics Market by Product, 2012-2025 ($Million) 
69    Global Surgical Robotics Market Growth by Product, 2012-2025 
70    Surgical System Surgical Robotics Market, 2012-2025 ($Million)
71    Benefits of Robotic Surgery System from Patient’s Perspective
72    Intuitive Surgical Inc. Overall Financials ($Million)
73    Intuitive Surgical Inc.: Revenue by Business Segment
74    Instruments & Accessories for Surgical Robotics Market, 2016-2025 ($Million)
75    Service & Maintenance Surgical Robotics Market, 2016-2025 ($Million)
76    Global Surgical Robotics Application Market, 2012-2025 ($Million) 
77    General Surgery Surgical Robotics Market, 2012-2025 ($Million)
78    Cardiology Surgery Surgical Robotics Market, 2012-2025 ($Million)
79    Traditional PCI vs Robotic PCI
80    Interventional Cardiology Robotic Surgical System and their Manufacturers
81    Gynecological Surgery Surgical Robotics Market, 2012-2025 ($Million)
82    Orthopedics Surgery Surgical Robotics Market, 2012-2025 ($Million)
83    Some of the Orthopedics Robotic Surgical System and their Manufacturers
84    Urological Surgery Surgical Robotics Market, 2012-2025 ($Million)
85    Head & Neck (Including Neurology) Surgery Surgical Robotics Market, 2012-2025 ($Million)
86    Other Surgeries Surgical Robotics Market, 2012-2025 ($Million)
87    Global Surgical Robotics End-User Market, 2016-2025 ($Million) 
88    Hospital Surgical Robotics Market, 2012-2025 ($Million)
89    Robotic Surgery Advantages  
90    Disadvantages of Robotic Surgery
91    Ambulatory Surgical Centers Surgical Robotics Market, 2012-2025 ($Million)
92    Role of ASC Association
93    Others Surgical Robotics Market, 2012-2025 ($Million)
94    Global Scenario 
95    Global Surgical Robotics Market, by Region, 2012-2025 ($Million) 
96    North America Surgical Robotics Market, 2012-2025 ($Million)
97    The U.S. Surgical Robotics Market, 2012-2025 ($Million)
98    Surgical Robots Sold Units in the U.S.
99    Surgical Robots Cumulative Installed Base in the U.S.
100    Canada Surgical Robotics Market, 2012-2025 ($Million)
101    Surgical Robots Sold Units in the Canada
102    Surgical Robots Cumulative Installed Base in the Canada
103    Europe Surgical Robotics Market, 2012-2025 ($Million)
104    Europe by Country
105    Germany Surgical Robotics Market, 2012-2025 ($Million)
106    U.K. Surgical Robotics Market, 2012-2025 ($Million)
107    France Surgical Robotics Market, 2012-2025 ($Million)
108    Italy Surgical Robotics Market, 2012-2025 ($Million)
109    Spain Surgical Robotics Market, 2012-2025 ($Million)
110    The Netherlands Surgical Robotics Market, 2012-2025 ($Million)
111    Belgium Surgical Robotics Market, 2012-2025 ($Million)
112    Asia-Pacific Surgical Robotics Market, 2012-2025 ($Million)
113    Market Dynamic (Asia-Pacific) 
114    Asia-Pacific by Country
115    Japan Surgical Robotics Market, 2012-2025 ($Million)
116    China Surgical Robotics Market, 2012-2025 ($Million)
117    Australia Surgical Robotics Market, 2012-2025 ($Million)
118    South Korea Surgical Robotics Market, 2012-2025 ($Million)
119    India Surgical Robotics Market, 2012-2025 ($Million)
120    Taiwan Surgical Robotics Market, 2012-2025 ($Million)
121    Latin America Surgical Robotics Market, 2012-2025 ($Million)
122    Latin America by Country
123    Brazil Surgical Robotics Market, 2012-2025 ($Million)
124    Mexico Surgical Robotics Market, 2012-2025 ($Million)
125    RoW Surgical Robotics Market, 2012-2025 ($Million)
126    Israel Surgical Robotics Market, 2012-2025 ($Million)
127    Qatar Surgical Robotics Market, 2012-2025 ($Million)
128    Kingdom of Saudi Arabia Surgical Robotics Market, 2012-2025 ($Million)
129    Accuray Inc.: Product Mapping
130    Accuray Inc.: Overall Financials (2015 - 2017
131    Accuray Inc.: Net Revenue by Geography (2014-2016)
132    Accuray Inc.: SWOT Analysis
133    Auris Health, Inc.: Overall Product Portfolio
134    Auris Health, Inc.: SWOT Analysis
135    CMR Surgical Ltd.: Product Mapping
136    CMR Surgical Ltd.: SWOT Analysis
137    Corindus Vascular Robotics, Inc.: Product Mapping
138    Corindus Vascular Robotics, Inc.: Overall Financials (2015 - 2017)
139    Corindus Vascular Robotics, Inc.: SWOT Analysis  
140    Intuitive Surgical Inc.: Product Mapping
141    Intuitive Surgical Inc.: Overall Financials (2015 - 2017)
142    Intuitive Surgical Inc.: Net Revenue by Region (2015-2017)
143    Intuitive Surgical Inc.: SWOT Analysis
144    Mazor Robotics Ltd.: Product Mapping
145    Mazor Robotics Ltd.: Overall Financials (2015 - 2017)
146    Mazor Robotics Ltd.: Net Revenue by Region (2015-2017)
147    Mazor Robotics Ltd.: SWOT Analysis
148    Medrobotics Corporation: Product Mapping
149    Medrobotics Corporation: SWOT Analysis
150    Zimmer Biomet Holdings, Inc.: Overall Product Portfolio
151    Zimmer Biomet Holdings, Inc.: Product Offerings for Surgical Robotics Market
152    Zimmer Biomet Holdings, Inc.: Overall Financials (2015-2017)
153    Zimmer Biomet Holdings, Inc.: Net sales by product segment (2015-2017)
154    Zimmer Biomet Holdings, Inc.: Net sales by Region (2015-2017)
155    Zimmer Biomet Holdings, Inc.: Global Presence
156    Medtronic Plc: Overall Product Portfolio
157    Medtronic Plc: Product Portfolio for Surgical Robotics
158    Medtronic Plc: Overall Financials (2014-2017)
159    Medtronic Plc: Net Revenue by Region (2014-2017)
160    Medtronic Plc: Net Revenue by Business Segment (2014-2017)
161    Medtronic Plc: Global Presence
162    Medtronic Plc: SWOT Analysis
163    Mimic Technologies, Inc.: Overall Product Portfolio
164    Mimic Technologies, Inc.: SWOT Analysis
165    Renishaw Plc.: Product Mapping
166    Renishaw Plc.: Overall Financials (2015 - 2017)
167    Renishaw Plc.: Net Revenues by Business Segments (2015 - 2017)
168    Renishaw Plc.: Net Revenue by Geography (2015-2017)
169    Renishaw Plc.: SWOT Analysis
170    Restoration Robotics, Inc.: Product Portfolio
171    Restoration Robotics, Inc.: Overall Financials (2015 - 2017)
172    Restoration Robotics, Inc.: Net Revenue by Region (2015-2017)
173    Restoration Robotics, Inc.: SWOT Analysis
174    Smith & Nephew plc: Overall Product Portfolio
175    Smith & Nephew plc: Product Portfolio for Surgical Robotics
176    Smith & Nephew plc: Overall Financials (2014-2017)
177    Smith & Nephew plc: Net Revenue by Region (2014-2017)
178    Smith & Nephew plc: Net Revenue by Business Segments (2014-2017)
179    Smith & Nephew plc: Global Presence
180    Smith & Nephew plc: SWOT Analysis
181    Stryker Corporation: Overall Product Portfolio
182    Stryker Corporation: Product Portfolio for Surgical Robotics
183    Stryker Corporation: Overall Financials (2014-2017)
184    Stryker Corporation: Net Revenue by Business Segments (2014-2017)
185    Stryker Corporation: Net Revenue by MedSurg Business Segment (2014-2017)
186    Stryker Corporation: Global Presence
187    Stryker Corporation: SWOT Analysis
188    Synaptive Medical Inc.: Product Mapping
189    Synaptive Medical Inc.: SWOT Analysis
190    Think Surgical, Inc.: Product Mapping
191    Think Surgical, Inc.: SWOT Analysis
192    Titan Medical Inc.: Product Mapping
193    Titan Medical Inc.: Overall Financials (2015 - 2017)
194    Titan Medical Inc.: SWOT Analysis
195    TransEnterix Inc.: Product Mapping
196    TransEnterix Inc.: Overall Financials (2015 - 2017)
197    TransEnterix Inc.: SWOT Analysis 
198    US Medical Innovations, LLC: Product Portfolio
199    US Medical Innovations, LLC: SWOT Analysis
200    Verb Surgical Inc.: Product Mapping
201    Verb Surgical Inc.: SWOT Analysis
202    Virtual Incision Corporation: Overall Product Portfolio
203    Virtual Incision Corporation: SWOT Analysis

Global Market Scenario

The medical industry, globally, has witnessed several technological advancements in the recent years in diversified branches. For instance, previously, surgeries were done by using open surgical procedures, which witnessed a noteworthy transformation when minimally invasive surgical procedures were introduced in the medical world. Medical robotics and computer assisted surgical systems stood distinctively as the most advanced extension of minimally invasive surgical procedures. These systems can be segmented into three types: rehabilitation systems, hospitals and pharmacy systems, and surgical robotics system. Among these, the surgical robotics systems are being widely adopted across the globe at present.

Advantages of Surgical Robots

Surgical robots increase the accuracy of surgeons while reducing the risk to the patients. For instance, heart bypass surgery requires the patient’s chest to be opened by making a long incision. The surgeon first cuts through skin, then tissue and muscle, then fascia, and then reaches the heart. However, through non-invasive surgical robots it becomes easy to perform critical surgeries with minimal incision and high accuracy. Surgical robots have several advantages such as decrease in post-operative pain, reduced risk of infection, and less blood loss. They provide effective representations of body parts and increase dexterity which aid the surgeons while working on inaccessible body parts. They also offer shorter recovery time and leave lesser scars as compared to the traditional open surgery.

Surgical Robotics Market – Growth Factors, Challenges & Opportunities 

Factors such as rising demand of minimally invasive surgeries, rising incidence rate of chronic diseases, general awareness regarding computer aided surgeries, rising disposable income and introduction of technologically advanced systems, such as SurgiBot, Amadeus, Single Port Orifice Robotic Technology (SPORT), and Modus V, among others, are propelling the growth of this market.

With the rising incidence rate of chronic diseases and due to continuous technological advancements in medical surgeries, the demand for minimally invasive surgeries and miniature robotics is growing. As per the current scenario, the high costs of robotic systems hinder the adoption of surgical robotics systems among the hospital and ambulatory surgical centers. However, with technological innovation and increasing demand for low cost surgical systems from end users, the price is likely to decrease during the forecast period.

Rising incidences of colorectal cancer, neurological disorders, interventional cardiology disorders and gynecological diseases, growing geriatric population, and active participation of the government and the industry players in the technological advancement in the field of computer assisted robotic surgeries have boosted the overall growth of this market.

Another factor responsible for sustainable growth of the market is the recurring revenue model. In recurring revenue business model, the vendor makes money first through one-time sale of the robotic system and then generates recurring revenue from the sale of equipment and accessory products and maintenance services used in the robotic system.

Challenges Faced by the Market

Furthermore, the lack of clinical evidences on the efficacy of surgical robotic systems serves as a challenge for the market players to get regulatory approvals and clearance. However, newly established players are putting efforts to get necessary regulatory clearance to enter into the market and bring in clinical evidence in order to increase the adoption rate of surgical systems in the near future.

Surgical Robotics Market Segmentation by Product

The market consists of various product segments such as surgical systems, instruments and accessories and maintenance services. The instruments and accessories segment had the highest market value in 2017, growing at the CAGR of 15.54% during the forecast period 2018-2025. However, services (maintenance and up-gradation) are expected to grow at the CAGR of 14.14% during the forecast period 2018-2025. 

All the major surgical robotics systems have been covered into the global surgical robotics market volume data. The market for surgical systems by value is expected to grow at the CAGR of 11.22% during the forecast period, 2018-2025. Among all surgical systems, the da Vinci surgical system accounted for the highest installation volume in 2017 and is anticipated to reach 8,005 installation units in 2025, growing at the CAGR of 7.72% during the forecast period. 

The growth can be attributed to the increasing adoption rate of da Vinci surgical robotics system for increasing rate of general surgeries, gynecology, urology, cardiothoracic and head and neck medical complications. However, the Sensei Robotic System manufactured by Hansen Medical (Auris Surgical Robots) is anticipated to grow at the highest CAGR of 22% during the forecast period.

Surgical Robotics Market Segmentation by Application

The application segment of the market consists of general surgery, gynecology, urology, orthopedics, interventional cardiology, and neurology, among others. The gynecology segment acquired the highest market value in 2017 and is expected to grow at the CAGR of 7.0% during the forecast period 2018-2025. This can be attributed to the increasing incidence rate of gynecological complications among women globally and continuous technological advancement in robotic systems. 

However, General Surgery is expected to be dominant with revenue generation of $5.49 billion by 2025. Also, the segment is expected to witness the highest growth rate of 20.30% during the forecast period 2018-2025. Based on the application, gynecology accounted for the largest market share by robotic surgical procedural volume in 2017. 

Surgical Robotics Market Segmentation by End-User

The end-user segment comprises hospitals and ambulatory surgical centers and others. The hospitals accounted for the highest market value in 2017, growing at CAGR of 13.20% during the forecast period 2018-2025. However, the revenue generated by the ambulatory surgical center is anticipated to grow at the highest CAGR of 18.20% during the forecast period 2018-2025.

Furthermore, based on the end-user, hospitals accounted for the largest market share by robotic surgical system installation volume in 2017 and it anticipated to reach 2,566 units by 2025. However, robotic surgical system installation volume at ambulatory surgical centers are estimated to grow at the highest CAGR of 17.2%. Some of the equipment and accessories of the robotic systems are required to be changed for each surgery. Consequently, the surgical robotics market has attracted considerable attention of the end-users and several new players have emerged in the market space.

Surgical Robotics Market Segmentation by Geopgraphy

The geographical region consists of North America, Europe, Asia-Pacific, Latin America and Rest of the World (RoW). North America acquired the highest market value in 2017 and is anticipated to grow at the CAGR of 11.1% during the forecast period 2018-2025. The Asia-Pacific region (consisting of Japan, China, Australia, India and South Korea, among others) as well as Latin America (consisting of Brazil and Mexico, among others) are each expected to register a high growth rate during the forecast period 2018-2025.

Based on the geography, North America accounted for the largest market share by robotic surgical system installation volume in 2017 and it anticipated to reach robotic surgical system installation volume of 1092 units by 2025. However, Asia-Pacific and Latin America are anticipated to grow at the highest CAGR during the forecast period 2018-2025. This can be attributed to the increasing incidence rate of chronic diseases, technological advancements in the robotic assistive technologies and rising disposable income in these regions.

Competitive Landscape of the Market

Business expansions and contracts market strategy currently dominate the market, followed by approvals and certifications. Companies also rely heavily on product launches and technological developments in order to sustain their position and to enhance their business strength and outreach. The company Intuitive Surgical is currently holds a strong market position and accounts for approximately 70% of recurring revenues. As per the current market scenario, it is important for the new players to focus on forming strategic partnerships and developing low cost surgical robotics systems that can be used in multiple types surgical procedures.

The market has a plethora of opportunities to grow as the demand for minimally invasive cancer procedures is booming. Also, hospitals and clinics are extensively purchasing surgical robots to train their surgical teams. There is a huge addressable market that is still under-penetrated. In the U.S. alone there are more than 3,000 hospitals and 5,000 clinics without any robotic surgery programs.

The key players in the global surgical robotics market are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics, MedRobotics, TransEnterix and Hansen Medical, among others.

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Surgical Robotics Technology

Robotic surgery refers to a surgical procedure where surgeons use a computer to control small instruments attached to a robot. Hence, it is also known as computer guided minimally invasive surgery. The surgical robotic system includes surgeons console, surgical arms and monitoring system and software. The robotic surgery is an advanced technology that helps surgeons to perform complex surgeries with more accuracy and precision. This surgery ensures greater accuracy, enhanced motion range and provides better dexterity to surgeons. Further, the three-dimensional vision provided by the camera renders a more detailed view to the surgeons which, as a result, enhances the surgical outcome and the overall procedure.

There was a growing demand for minimally invasive surgical techniques both from the patient and the doctor side. Generally, traditional minimally invasive laparoscopic surgical techniques are employed for region of interest in surgeries, but those techniques have their limitations of standard two-dimensional video and rigid instruments used by the surgeons. These instruments are incapable of providing high quality video of the affected region impose a difficulty in the case of complex surgeries. On the contrary, robotic surgery makes it easier for the surgeons to carry out complex procedures with comparatively much smaller incisions (0.5-1 mm). As a result, the global surgical robotics market is growing at an exponential rate.

A surgical robot recurring revenue business model is essentially a large one-time purchase for a system complimented by the replaceable or disposable instruments that cumulatively make a much larger and sustainable ongoing market. In recurring revenue business model, the vendor makes money through one-time sale of the robotic system and then generates recurring revenue from the sale of equipment and accessory products, and maintenance services used in the robotic system.

How Surgical Robots Help?

Surgical robots increase the accuracy of surgeons while reducing the risk to the patients. For instance, heart bypass surgery requires patient’s chest to be opened by making a long incision. The surgeon first cuts through skin, then tissue and muscle, then fascia, and then reaches the heart. However, through non-invasive surgical robots it becomes easy to perform critical surgeries with minimal incision and high accuracy. Surgical robots have several advantages such as decrease in post-operative pain, decreased risk of infection, and decreased blood loss.

These robots provide effective representations of body parts and increase dexterity, which aids the surgeons while working on inaccessible body parts and offer shorter recovery time and leave lesser scars in comparison to the traditional open surgery. The advancements in robotic surgery systems make them capable of replicating the tactile feel and sensation, which a surgeon experiences during the more invasive traditional procedures. Consequently, this enables the surgeons gain the precision and advantages of minimally invasive procedures without losing the sensory information that is helpful in making the correct judgment during the robotic surgery.

Scope of the Surgical Robotics Report

The global surgical robotics market is expected to reach $11.65 billion by 2025. The market report presents a detailed and investigative study of the entire market and provides a comprehensive insight into various forms of development, trends and the key market participants. While highlighting the key driving and restraining forces for this dynamic market, the report also provides a comprehensive section on competitive landscape, market share analysis, competitive benchmarking, and the position of the competitors within the global surgical robotics market. 

Surgical Robotics Market Segmentation

This research study includes an extensive analysis of the global surgical robotics market by product, application, end-user and geographical regions, allowing the researcher to develop a comprehensive outlook of the market. Each of these segments have been analyzed on the basis of their current and future market size, considering the macro and micro environmental factors.

Key Players in the Market

The key players who have significant contributions to the surgical robotics market are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics, Hansen Medical Inc., MedRobotics, TransEnterix Inc., Accuray Inc., Renishaw plc, Think Surgical, Synaptive Medical, Titan Medical Inc. and Smith & Nephew plc, among others.

Key Questions Answered 

•    What are the major market drivers, challenges and opportunities of the global surgical robotics market?
•    How did the minimally invasive robot assistive surgical procedures evolve and what is its scope in the future?
•    What were the market shares by value of the leading segments and sub-segments of the global surgical robotics market in 2017 and what will be the shares in 2025?
•    What were the market shares by volume of the leading segments and sub-segments of the global surgical robotics market in 2017 and what will be the shares in 2025?
•    How will each of the segments of the global surgical robotics market by value grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2025?
•    How will each of the segments of the global surgical robotics market by volume grow during the forecast period and what will be the installation volume or procedural volume respectively by each of the segment by the end of 2025?
•    How did the market share of the leading companies change in 2016 and which country will lead the market in 2017?
•    How will the surgical robotics industry evolve during the forecast period 2018-2025?
•    What are the key developments and strategies implemented by the key players to stand out in this market? 
•    Which product, application and end-user will dominate the global surgical robotics market by the end of the forecast period, and which one is growing at the highest CAGR during the forecast period 2018-2025?
•    What will be the growth rate of different segments during the forecast period? Which is the leading segment by product, imaging modality, application, and end-user?
•    Who are the key players in the global surgical robotics market?
•    Which region will lead the global surgical robotics market in revenue generation through the forecast period?
•    Which region will lead the global surgical robotics market in surgical systems installation volume throughout the forecast period?
•    Which country will be growing at the highest CAGR during the forecast period?

   Executive Summary
   1    Market Overview
         1.1    Market Trends
         1.2    Recent Market Developments
         1.3    Evolution of Surgical Robotic Technology
         1.4    Patient Compliances and End User Perception
         1.5    Growth In Surgical Robotics Market
         1.6    Growth in Conventional MIS
         1.7    Adoption of Robotic Surgical Procedures
         1.8    Market Participant Growth
         1.9    Growing Opportunities in Surgical Robotics Market
         1.10   Opportunity Mapping
 
   2    Market Dynamics
         2.1    Market Dynamics
         2.2    Impact Analysis of Market Dynamics and Restraints
         2.3    Market Drivers
         2.4    Market Restraints
         2.5    Market Opportunities
 
   3    Competitive Insights
         3.1    Key Developments and Strategies
         3.2    Product Launches
         3.3    Approvals and Certifications
         3.4    Collaboration, Partnerships, and Joint Ventures
         3.5    Business Contracts and Funding
         3.6    Mergers and Acquisitions
         3.7    Legal Requirements and Regulations
         3.8    Industry Attractiveness
                  3.8.1    Threat of New Entrants
                  3.8.2    Intensity of Competitive Rivalry
                  3.8.3    Threat of Substitute Products
                  3.8.4    Bargaining Power of Buyer
                  3.8.5    Bargaining Power of Suppliers
         3.9    Market Share Analysis
                  3.9.1    Market Share Analysis
                  3.9.2    Growth Share Matrix
        3.10   Value Chain Analysis
 
   4    Industry Analysis
         4.1    Patent Analysis
         4.2    Consortiums, Associations, and Regulatory Bodies
 
   5    Global Surgical Robotics Market (by Product)
         5.1    Overview
         5.2    Surgical Systems
                   5.2.1    Recent Developments
         5.3    Instruments and Accessories
         5.4    Service and Maintenance
 
   6    Global Surgical  Robotics Market (by Application)
         6.1    Overview
         6.2    General Surgery
         6.3    Cardiology
         6.4    Gynecological Surgery
         6.5    Orthopedics Surgery
         6.6    Urological Surgery
         6.7    Head and Neck (Including Neurology)
 
   7    Global Surgical Robotics Market (by End User)
         7.1    Overview
         7.2    Hospitals
         7.3    Ambulatory Surgical Centers (ASCs)
         7.4    Others
 
   8    Global Surgical  Robotics Market (by Region)
         8.1    Overview
                  8.1.1    Analysis
         8.2    North America
                  8.2.1    The U.S.
                  8.2.2    Canada
                  8.2.3    Key Consortiums/Associations in Surgical Robotics in North America
                  8.2.4    North America - Key Recent Developments
         8.3    Europe
                  8.3.1    Europe (by Country)
                  8.3.2    Germany
                  8.3.3    The U.K.
                  8.3.4    France
                  8.3.5    Italy
                  8.3.6    Spain
                  8.3.7    The Netherlands
                  8.3.8    Belgium
                  8.3.9    Europe - Key Recent Developments
         8.4    Asia-Pacific
                  8.4.1    Asia-Pacific (by Country)
                  8.4.2    Japan
                  8.4.3    China
                  8.4.4    Australia
                  8.4.5    South Korea
                  8.4.6    India
                  8.4.7    Taiwan
         8.5    Latin America
                  8.5.1    Latin America (by Country)
                  8.5.2    Brazil
                  8.5.3    Mexico
         8.6    Rest-of-the-World
                  8.6.1    Israel
                  8.6.2    Qatar
                  8.6.3    Kingdom of Saudi Arabia
                  8.6.4    Recent Developments
 
   9    Company Profiles
         9.1    Accuray, Inc.
                  9.1.1    Company Overview
                  9.1.2    Product Mapping
                  9.1.3    Financials
                              9.1.3.1    Financial Summary
                  9.1.4    SWOT Analysis
         9.2    Hansen Medical
                  9.2.1    Company Overview
                  9.2.2    Auris Health, Inc.: Company Overview
                  9.2.3    Corporate Summary
                  9.2.4    Recent Developments
                  9.2.5    SWOT Analysis
         9.3    CMR Surgical Ltd.
                  9.3.1    Company Overview
                  9.3.2    Product Mapping
                  9.3.3    Corporate Summary
                  9.3.4    Recent Developments
                  9.3.5    SWOT Analysis
         9.4    Corindus Vascular Robotics, Inc.
                  9.4.1    Overview
                  9.4.2    Product Mapping
                  9.4.3    Financials
                              9.4.3.1    Financial Summary
                  9.4.4    Recent Developments
                  9.4.5    SWOT Analysis
         9.5    Intuitive Surgical, Inc.
                  9.5.1    Overview
                  9.5.2    Product Mapping
                  9.5.3    Financials
                              9.5.3.1    Financial Summary
                  9.5.4    Recent Developments
                  9.5.5    SWOT Analysis
         9.6    Zimmer Biomet Holdings, Inc.
                  9.6.1    Medtech SA Overview
                  9.6.2    Overall Product Portfolio
                  9.6.3    Product Offerings for Surgical Robotics Market
                  9.6.4    Financials
                              9.6.4.1   Financial Summary
                  9.6.5    Global Presence
                  9.6.6    Recent Developments
                  9.6.7    SWOT Analysis
         9.7    Medtronic Plc
                  9.7.1    Company Overview
                  9.7.2    Overall Product Portfolio
                  9.7.3    Product Offerings for Surgical Robotics Market
                  9.7.4    Financials
                              9.7.4.1   Financial Summary
                  9.7.5    Global Presence
                  9.7.6    Recent Developments
                  9.7.7    SWOT Analysis
         9.8    Mimic Technologies, Inc.
                  9.8.1    Overview
                  9.8.2    Corporate Summary
                  9.8.3    SWOT Analysis
         9.9    Renishaw Plc.
                  9.9.1    Company Overview
                  9.9.2    Product Mapping
                  9.9.3    Financials
                              9.9.3.1    Financial Summary
                  9.9.4    SWOT Analysis
        9.10   Restoration Robotics, Inc.
                  9.10.1    Overview
                  9.10.2    Product Portfolio
                  9.10.3    Financials
                                9.10.3.1    Financial Summary
                  9.10.4    Recent Developments
                  9.10.5    SWOT Analysis
        9.11   Smith & Nephew plc
                  9.11.1    Overview
                  9.11.2    Overall Product Portfolio
                  9.11.3    Product Offerings for Surgical Robotics Market
                  9.11.4    Financials
                                9.11.4.1   Financial Summary
                  9.11.5    Global Presence
                  9.11.6    Recent Developments
                  9.11.7    SWOT Analysis
        9.12   Stryker Corporation
                  9.12.1    Overview
                  9.12.2    Overall Product Portfolio
                  9.12.3    Product Offerings for Surgical Robotics Market
                  9.12.4    Financials
                                9.12.4.1   Financial Summary
                  9.12.5    Global Presence
                  9.12.6    Recent Developments
                  9.12.7    SWOT Analysis
        9.13   Synaptive Medical Inc.
                  9.13.1    Overview
                  9.13.2    Product Mapping
                  9.13.3    Corporate Summary
                  9.13.4    Recent Developments
                  9.13.5    SWOT Analysis
        9.14   Think Surgical ,Inc.
                  9.14.1    Overview
                  9.14.2    Product Mapping
                  9.14.3    Corporate Summary
                  9.14.4    Recent Developments
                  9.14.4    SWOT Analysis
        9.15   Titan Medical
                  9.15.1    Overview
                  9.15.2    Product Mapping
                  9.15.3    Financials
                                9.15.3.1   Financial Summary
                  9.15.4    Recent Developments
                  9.15.5    SWOT Analysis
        9.16   TransEnterix Inc.
                  9.16.1    Overview
                  9.16.2    Product Mapping
                  9.16.3    Financials
                                9.16.3.1   Financial Summary
                  9.16.4    Recent Developments
                  9.16.5    SWOT Analysis
        9.17   US Medical Innovations, LLC
                  9.17.1   Overview
                  9.17.2   Corporate Summary
                  9.17.3   Recent Developments
                  9.17.4   SWOT Analysi
       9.18    Verb Surgical Inc.
                   9.18.1   Overview
       9.19     Virtual Incision Corporation 
                    9.19.1   Company Overview
                    9.19.2   Corporate Summary
                    9.19.3   Recent Developments
                    9.19.4   SWOT Analysis
 

List of Tables

1    Global Top 15 Surgical Robotics Markets  
2    Global Surgical Procedure Volume (Million)
3    Market Driver Impact Analysis 
4    Market Restraint Impact Analysis 
5    Product Launches
6    Global Surgical Robotics Market Share (by Surgical Systems), 2017
7    Consortiums, Associations and Regulatory Bodies
8    Global Surgical Robotics Market (by Product), $Million, 2012-2025 
9    Global Surgical Robotics Market Growth (by Product), $Million, 2012-2025
10    Surgical Robotic Systems Revenue (by Company), $Million, 2015-2025 
11    Different Types of Surgical Robotics Systems  
12    Surgical Robotics Unit Sold (by Company)
13    Surgical Robotics Unit Sold (by Brand)
14    Surgical Robotics Cumulative Installed Base 
15    Cumulative Installed Base of da Vinci Surgical Systems: 2012-2017
16    Some of the Instruments and Accessories for Robotic Surgical Systems 
17    Surgical Robotic Instruments Revenue (by Company), $Million, 2015-2025
18    Surgical Robotic Services Revenue (by Company), 2015-2025 ($Million)
19    Global Surgical Robotics Market (by Application), 2012-2025 ($Million)
20    Global Surgical Robotics Market Growth (by Application), 2012-2025 
21    Global Surgical Robotics Procedure Volume, 2015-2025 (in Thousand)
22    Global Surgical Robotics Market by End-User, 2012-2025 ($Million)
23    Global Surgical Robotics Market Growth (Y-o-Y) by End-User, 2012-2025 
24    New Surgical Robots sold by End-User Market, 2015-2025 (In Units)
25    Some of the Emerging Platforms for Robotic Surgery
26    Global Surgical Robotics Market by Region, $Million, 2012-2025
27    Global Surgical Robotics Market Growth (Y-o-Y) by Region, 2012-2025 
28    Global Surgical Robots sold by region 
29    Global Surgical Robots Cumulative Installed Base by Region
30    Regional Growth Rate of Surgical Robotics Market
31    U.S. Surgical Robotics Market by Product 2015-2025 ($Million)
32    Canada Surgical Robotics Market by Product 2015-2025 ($Million)
33    Europe Surgical Robotics Market by Country, 2015-2025 ($Million)
34    Europe Surgical Robotics Cumulative Installed Base by Country
35    Europe Surgical Robotic sold Units by Country, 2015-2025
36    Key Market Players in European Countries 
37    Asia Pacific Surgical Robotics Market by Country, 2015-2025 ($Million)
38    Asia Pacific Surgical Robotics Cumulative Installed Base by Country
39    Asia Pacific Surgical Robotic sold Units by Country, 2015-2025
40    Latin America Surgical Robotics Market by Country, 2015-2025 ($Million)
41    Latin America Surgical Robotics Cumulative Installed Base by Country
42    Latin America Surgical Robotic sold Units by Country, 2015-2025
43    RoW Surgical Robotics Market by Country, 2015-2025 ($Million)
44    RoW Surgical Robotics Cumulative Installed Base by Country
45    RoW Surgical Robotic sold Units by Country, 2015-2025
46    Overview: Accuray Inc.
47    Recent Developments: Accuray Inc.
48    Overview: Hansen Medical
49    Overview: Auris Health, Inc.
50    Recent Developments: Auris Health, Inc.
51    Overview: CMR Surgical Ltd.
52    Recent Developments: CMR Surgical
53    Overview: Corindus Vascular Robotics, Inc.
54    Recent Developments: Corindus Vascular Robotics, Inc.
55    Overview: Intuitive Surgical Inc.
56    Recent Developments: Intuitive Surgical Inc.
57    Overview: Mazor Robotics Ltd.
58    Recent Developments: Mazor Robotics Ltd.
59    Overview: Medrobotics Corporation
60    Recent Developments: Medrobotics Corporation
61    Overview: Zimmer Biomet Holdings, Inc.
62    Overview: Medtech SA
63    Recent Developments: Zimmer Biomet Holdings, Inc.
64    Overview: Medtronic Plc
65    Recent Developments: Medtronic Plc
66    Overview: Mimic Technologies, Inc.
67    Overview: Renishaw Plc.
68    Overview: Restoration Robotics, Inc.
69    Recent Developments: Restoration Robotics, Inc.
70    Overview: Smith & Nephew plc
71    Recent Developments: Smith & Nephew plc
72    Overview: Stryker Corporation
73    Recent Developments: Stryker Corporation
74    Overview: Synaptive Medical Inc. 
75    Recent Developments: Synaptive Medical Inc.
76    Overview: Think Surgical, Inc.
77    Recent Developments: Think Surgical, Inc.
78    Overview: Titan Medical Inc.
79    Recent Developments: Titan Medical Inc.
80    Overview: TransEnterix Inc.
81    Recent Developments: TransEnterix Inc.
82    Overview: US Medical Innovations, LLC
83    Recent Developments: US Medical Innovations, LLC
84    Overview: Verb Surgical Inc.
85    Recent Developments: Verb Surgical Inc.
86    Overview: Virtual Incision Corporation
87    Recent Developments: Virtual Incision Corporation

List of Figures

1    Global Surgical Robotics Market
2    Cumulative Installed Units of Surgical Robots
3    Number of Total Surgical Robot Sold (in Units)
4    Number of da Vinci Surgical Robot Sold (in Units)
5    Global Robotic Surgery Procedure Volume 
6    Growth Comparison General Vs. Total Robotic Surgeries
7    Global Robotic Surgery Procedure Volume 
8    Regional Surgical Procedure Volume Growth Comparison 
9    Global Surgical Robotics Market by Region
10    Regional Surgical Robotics Market Growth Comparison 
11    Cumulative Installed Volume of Surgical Robots, 2017
12    Unit Sold Volume of Surgical Robots, 2017
13    Global Robotic Surgeries Procedure Volume (in Thousand)
14    Growth Share Matrix by Country
15    Periodic Development of Medical Surgery Market 
16    Evolution of Surgical Robotic Technology
17    Advantages and Disadvantages of Open verses Laparoscopic verses Robotic Assisted Cardiac Surgery
18    Benefit of Robotic Surgery
19    Global Surgical Robotics Market Value ($Billion)
20    Global Surgical Minimally Invasive (Laparoscopy and Endoscopy)Surgical Equipment Market Value ($Billion)
21    Global Surgical Robotics and Conventional Minimally Invasive Surgery (MIS)  Market
22    Global Endoscopy Market by Product ($Million)
23    Global Endoscopy Market Growth Rate
24    Global Laparoscopy Market ($Million)
25    Global Laparoscopic Procedure Volume (Million) 
26    Growth Rate  for Different Surgical Methods
27    U.S. Prostatectomy Procedure Cannibalism
28    U.S. Malignant Hysterectomy Procedure Cannibalism
29    U.S. Benign Hysterectomy Procedure Cannibalism
30    U.S. Colorectal Procedure Cannibalism
31    Global Laparoscopic Procedure Volume (Million) 
32    Global Endoscopy Procedure Volume (Million) 
33    Global Robotic Surgery Volume (Thousand) 
34    Y-0-Y Growth Rate
35    Global Robotic Surgery Procedure Volume (Thousand)
36    International (Excluding U.S.)Robotic Surgery Procedure Volume (Thousand)
37    U.S. Robotic Surgery Procedure Volume (Thousand)
38    U.S. Vs. International Procedure Volume (Thousand)
39    Global Robotic Surgery Growth Share Matrix by Application, 2012
40    Global Robotic Surgery Growth Share Matrix by Application, 2025
41    U.S. Robotic Surgeries Y-o-Y  Changes by Application, 2012-2025
42    International (Excluding U.S.) Robotic Surgeries Y-o-Y  Changes by Application, 2012-2025
43    Robotic Surgeries Y-o-Y Changes, 2012-2025
44    Robotic Surgeries Procedure Volume (Thousand), 2012-2025
45    Robotic Surgeries CAGR Changes 
46    Growth Comparison Robotic Vs Conventional MIS Companies
47    Surgical Robotics Companies Growth Rate (2014-2017)
48    Conventional MIS Companies Growth Rate (2014-2017)
49    Opportunity Divers 
50    Surgical Robotics Market  ($Billion)
51    U.S. Laparoscopic Vs Robotic Surgery Procedures
52    Significant Opportunities Exist For Complex Procedures in International Markets (2015)
53    U.S. Hysterectomy Market Share Trend 
54    Share of da Vinci Target Market, 2012
55    Share of da Vinci Target Market, 2013
56    Share of Key Developments and Strategies
57    Share of Approvals & Certifications
58    Share of Collaborations, Partnerships & Joint Ventures
59    Porter’s Five Forces Analysis
60    Global Surgical Robotics Market Share by Surgical Systems, 2012
61    Global Surgical Robotics Market Share by Surgical Systems, 2016
62    Global Surgical Robotics Market Share by Surgical Systems, 2017
63    Global Surgical Robotics Market Share by Surgical Systems, 2025
64    Growth Share Matrix
65    Growth Share Matrix 
66    Value Chain Analysis 
67    Patent Analysis
68    Global Surgical Robotics Market by Product, 2012-2025 ($Million) 
69    Global Surgical Robotics Market Growth by Product, 2012-2025 
70    Surgical System Surgical Robotics Market, 2012-2025 ($Million)
71    Benefits of Robotic Surgery System from Patient’s Perspective
72    Intuitive Surgical Inc. Overall Financials ($Million)
73    Intuitive Surgical Inc.: Revenue by Business Segment
74    Instruments & Accessories for Surgical Robotics Market, 2016-2025 ($Million)
75    Service & Maintenance Surgical Robotics Market, 2016-2025 ($Million)
76    Global Surgical Robotics Application Market, 2012-2025 ($Million) 
77    General Surgery Surgical Robotics Market, 2012-2025 ($Million)
78    Cardiology Surgery Surgical Robotics Market, 2012-2025 ($Million)
79    Traditional PCI vs Robotic PCI
80    Interventional Cardiology Robotic Surgical System and their Manufacturers
81    Gynecological Surgery Surgical Robotics Market, 2012-2025 ($Million)
82    Orthopedics Surgery Surgical Robotics Market, 2012-2025 ($Million)
83    Some of the Orthopedics Robotic Surgical System and their Manufacturers
84    Urological Surgery Surgical Robotics Market, 2012-2025 ($Million)
85    Head & Neck (Including Neurology) Surgery Surgical Robotics Market, 2012-2025 ($Million)
86    Other Surgeries Surgical Robotics Market, 2012-2025 ($Million)
87    Global Surgical Robotics End-User Market, 2016-2025 ($Million) 
88    Hospital Surgical Robotics Market, 2012-2025 ($Million)
89    Robotic Surgery Advantages  
90    Disadvantages of Robotic Surgery
91    Ambulatory Surgical Centers Surgical Robotics Market, 2012-2025 ($Million)
92    Role of ASC Association
93    Others Surgical Robotics Market, 2012-2025 ($Million)
94    Global Scenario 
95    Global Surgical Robotics Market, by Region, 2012-2025 ($Million) 
96    North America Surgical Robotics Market, 2012-2025 ($Million)
97    The U.S. Surgical Robotics Market, 2012-2025 ($Million)
98    Surgical Robots Sold Units in the U.S.
99    Surgical Robots Cumulative Installed Base in the U.S.
100    Canada Surgical Robotics Market, 2012-2025 ($Million)
101    Surgical Robots Sold Units in the Canada
102    Surgical Robots Cumulative Installed Base in the Canada
103    Europe Surgical Robotics Market, 2012-2025 ($Million)
104    Europe by Country
105    Germany Surgical Robotics Market, 2012-2025 ($Million)
106    U.K. Surgical Robotics Market, 2012-2025 ($Million)
107    France Surgical Robotics Market, 2012-2025 ($Million)
108    Italy Surgical Robotics Market, 2012-2025 ($Million)
109    Spain Surgical Robotics Market, 2012-2025 ($Million)
110    The Netherlands Surgical Robotics Market, 2012-2025 ($Million)
111    Belgium Surgical Robotics Market, 2012-2025 ($Million)
112    Asia-Pacific Surgical Robotics Market, 2012-2025 ($Million)
113    Market Dynamic (Asia-Pacific) 
114    Asia-Pacific by Country
115    Japan Surgical Robotics Market, 2012-2025 ($Million)
116    China Surgical Robotics Market, 2012-2025 ($Million)
117    Australia Surgical Robotics Market, 2012-2025 ($Million)
118    South Korea Surgical Robotics Market, 2012-2025 ($Million)
119    India Surgical Robotics Market, 2012-2025 ($Million)
120    Taiwan Surgical Robotics Market, 2012-2025 ($Million)
121    Latin America Surgical Robotics Market, 2012-2025 ($Million)
122    Latin America by Country
123    Brazil Surgical Robotics Market, 2012-2025 ($Million)
124    Mexico Surgical Robotics Market, 2012-2025 ($Million)
125    RoW Surgical Robotics Market, 2012-2025 ($Million)
126    Israel Surgical Robotics Market, 2012-2025 ($Million)
127    Qatar Surgical Robotics Market, 2012-2025 ($Million)
128    Kingdom of Saudi Arabia Surgical Robotics Market, 2012-2025 ($Million)
129    Accuray Inc.: Product Mapping
130    Accuray Inc.: Overall Financials (2015 - 2017
131    Accuray Inc.: Net Revenue by Geography (2014-2016)
132    Accuray Inc.: SWOT Analysis
133    Auris Health, Inc.: Overall Product Portfolio
134    Auris Health, Inc.: SWOT Analysis
135    CMR Surgical Ltd.: Product Mapping
136    CMR Surgical Ltd.: SWOT Analysis
137    Corindus Vascular Robotics, Inc.: Product Mapping
138    Corindus Vascular Robotics, Inc.: Overall Financials (2015 - 2017)
139    Corindus Vascular Robotics, Inc.: SWOT Analysis  
140    Intuitive Surgical Inc.: Product Mapping
141    Intuitive Surgical Inc.: Overall Financials (2015 - 2017)
142    Intuitive Surgical Inc.: Net Revenue by Region (2015-2017)
143    Intuitive Surgical Inc.: SWOT Analysis
144    Mazor Robotics Ltd.: Product Mapping
145    Mazor Robotics Ltd.: Overall Financials (2015 - 2017)
146    Mazor Robotics Ltd.: Net Revenue by Region (2015-2017)
147    Mazor Robotics Ltd.: SWOT Analysis
148    Medrobotics Corporation: Product Mapping
149    Medrobotics Corporation: SWOT Analysis
150    Zimmer Biomet Holdings, Inc.: Overall Product Portfolio
151    Zimmer Biomet Holdings, Inc.: Product Offerings for Surgical Robotics Market
152    Zimmer Biomet Holdings, Inc.: Overall Financials (2015-2017)
153    Zimmer Biomet Holdings, Inc.: Net sales by product segment (2015-2017)
154    Zimmer Biomet Holdings, Inc.: Net sales by Region (2015-2017)
155    Zimmer Biomet Holdings, Inc.: Global Presence
156    Medtronic Plc: Overall Product Portfolio
157    Medtronic Plc: Product Portfolio for Surgical Robotics
158    Medtronic Plc: Overall Financials (2014-2017)
159    Medtronic Plc: Net Revenue by Region (2014-2017)
160    Medtronic Plc: Net Revenue by Business Segment (2014-2017)
161    Medtronic Plc: Global Presence
162    Medtronic Plc: SWOT Analysis
163    Mimic Technologies, Inc.: Overall Product Portfolio
164    Mimic Technologies, Inc.: SWOT Analysis
165    Renishaw Plc.: Product Mapping
166    Renishaw Plc.: Overall Financials (2015 - 2017)
167    Renishaw Plc.: Net Revenues by Business Segments (2015 - 2017)
168    Renishaw Plc.: Net Revenue by Geography (2015-2017)
169    Renishaw Plc.: SWOT Analysis
170    Restoration Robotics, Inc.: Product Portfolio
171    Restoration Robotics, Inc.: Overall Financials (2015 - 2017)
172    Restoration Robotics, Inc.: Net Revenue by Region (2015-2017)
173    Restoration Robotics, Inc.: SWOT Analysis
174    Smith & Nephew plc: Overall Product Portfolio
175    Smith & Nephew plc: Product Portfolio for Surgical Robotics
176    Smith & Nephew plc: Overall Financials (2014-2017)
177    Smith & Nephew plc: Net Revenue by Region (2014-2017)
178    Smith & Nephew plc: Net Revenue by Business Segments (2014-2017)
179    Smith & Nephew plc: Global Presence
180    Smith & Nephew plc: SWOT Analysis
181    Stryker Corporation: Overall Product Portfolio
182    Stryker Corporation: Product Portfolio for Surgical Robotics
183    Stryker Corporation: Overall Financials (2014-2017)
184    Stryker Corporation: Net Revenue by Business Segments (2014-2017)
185    Stryker Corporation: Net Revenue by MedSurg Business Segment (2014-2017)
186    Stryker Corporation: Global Presence
187    Stryker Corporation: SWOT Analysis
188    Synaptive Medical Inc.: Product Mapping
189    Synaptive Medical Inc.: SWOT Analysis
190    Think Surgical, Inc.: Product Mapping
191    Think Surgical, Inc.: SWOT Analysis
192    Titan Medical Inc.: Product Mapping
193    Titan Medical Inc.: Overall Financials (2015 - 2017)
194    Titan Medical Inc.: SWOT Analysis
195    TransEnterix Inc.: Product Mapping
196    TransEnterix Inc.: Overall Financials (2015 - 2017)
197    TransEnterix Inc.: SWOT Analysis 
198    US Medical Innovations, LLC: Product Portfolio
199    US Medical Innovations, LLC: SWOT Analysis
200    Verb Surgical Inc.: Product Mapping
201    Verb Surgical Inc.: SWOT Analysis
202    Virtual Incision Corporation: Overall Product Portfolio
203    Virtual Incision Corporation: SWOT Analysis

Global Market Scenario

The medical industry, globally, has witnessed several technological advancements in the recent years in diversified branches. For instance, previously, surgeries were done by using open surgical procedures, which witnessed a noteworthy transformation when minimally invasive surgical procedures were introduced in the medical world. Medical robotics and computer assisted surgical systems stood distinctively as the most advanced extension of minimally invasive surgical procedures. These systems can be segmented into three types: rehabilitation systems, hospitals and pharmacy systems, and surgical robotics system. Among these, the surgical robotics systems are being widely adopted across the globe at present.

Advantages of Surgical Robots

Surgical robots increase the accuracy of surgeons while reducing the risk to the patients. For instance, heart bypass surgery requires the patient’s chest to be opened by making a long incision. The surgeon first cuts through skin, then tissue and muscle, then fascia, and then reaches the heart. However, through non-invasive surgical robots it becomes easy to perform critical surgeries with minimal incision and high accuracy. Surgical robots have several advantages such as decrease in post-operative pain, reduced risk of infection, and less blood loss. They provide effective representations of body parts and increase dexterity which aid the surgeons while working on inaccessible body parts. They also offer shorter recovery time and leave lesser scars as compared to the traditional open surgery.

Surgical Robotics Market – Growth Factors, Challenges & Opportunities 

Factors such as rising demand of minimally invasive surgeries, rising incidence rate of chronic diseases, general awareness regarding computer aided surgeries, rising disposable income and introduction of technologically advanced systems, such as SurgiBot, Amadeus, Single Port Orifice Robotic Technology (SPORT), and Modus V, among others, are propelling the growth of this market.

With the rising incidence rate of chronic diseases and due to continuous technological advancements in medical surgeries, the demand for minimally invasive surgeries and miniature robotics is growing. As per the current scenario, the high costs of robotic systems hinder the adoption of surgical robotics systems among the hospital and ambulatory surgical centers. However, with technological innovation and increasing demand for low cost surgical systems from end users, the price is likely to decrease during the forecast period.

Rising incidences of colorectal cancer, neurological disorders, interventional cardiology disorders and gynecological diseases, growing geriatric population, and active participation of the government and the industry players in the technological advancement in the field of computer assisted robotic surgeries have boosted the overall growth of this market.

Another factor responsible for sustainable growth of the market is the recurring revenue model. In recurring revenue business model, the vendor makes money first through one-time sale of the robotic system and then generates recurring revenue from the sale of equipment and accessory products and maintenance services used in the robotic system.

Challenges Faced by the Market

Furthermore, the lack of clinical evidences on the efficacy of surgical robotic systems serves as a challenge for the market players to get regulatory approvals and clearance. However, newly established players are putting efforts to get necessary regulatory clearance to enter into the market and bring in clinical evidence in order to increase the adoption rate of surgical systems in the near future.

Surgical Robotics Market Segmentation by Product

The market consists of various product segments such as surgical systems, instruments and accessories and maintenance services. The instruments and accessories segment had the highest market value in 2017, growing at the CAGR of 15.54% during the forecast period 2018-2025. However, services (maintenance and up-gradation) are expected to grow at the CAGR of 14.14% during the forecast period 2018-2025. 

All the major surgical robotics systems have been covered into the global surgical robotics market volume data. The market for surgical systems by value is expected to grow at the CAGR of 11.22% during the forecast period, 2018-2025. Among all surgical systems, the da Vinci surgical system accounted for the highest installation volume in 2017 and is anticipated to reach 8,005 installation units in 2025, growing at the CAGR of 7.72% during the forecast period. 

The growth can be attributed to the increasing adoption rate of da Vinci surgical robotics system for increasing rate of general surgeries, gynecology, urology, cardiothoracic and head and neck medical complications. However, the Sensei Robotic System manufactured by Hansen Medical (Auris Surgical Robots) is anticipated to grow at the highest CAGR of 22% during the forecast period.

Surgical Robotics Market Segmentation by Application

The application segment of the market consists of general surgery, gynecology, urology, orthopedics, interventional cardiology, and neurology, among others. The gynecology segment acquired the highest market value in 2017 and is expected to grow at the CAGR of 7.0% during the forecast period 2018-2025. This can be attributed to the increasing incidence rate of gynecological complications among women globally and continuous technological advancement in robotic systems. 

However, General Surgery is expected to be dominant with revenue generation of $5.49 billion by 2025. Also, the segment is expected to witness the highest growth rate of 20.30% during the forecast period 2018-2025. Based on the application, gynecology accounted for the largest market share by robotic surgical procedural volume in 2017. 

Surgical Robotics Market Segmentation by End-User

The end-user segment comprises hospitals and ambulatory surgical centers and others. The hospitals accounted for the highest market value in 2017, growing at CAGR of 13.20% during the forecast period 2018-2025. However, the revenue generated by the ambulatory surgical center is anticipated to grow at the highest CAGR of 18.20% during the forecast period 2018-2025.

Furthermore, based on the end-user, hospitals accounted for the largest market share by robotic surgical system installation volume in 2017 and it anticipated to reach 2,566 units by 2025. However, robotic surgical system installation volume at ambulatory surgical centers are estimated to grow at the highest CAGR of 17.2%. Some of the equipment and accessories of the robotic systems are required to be changed for each surgery. Consequently, the surgical robotics market has attracted considerable attention of the end-users and several new players have emerged in the market space.

Surgical Robotics Market Segmentation by Geopgraphy

The geographical region consists of North America, Europe, Asia-Pacific, Latin America and Rest of the World (RoW). North America acquired the highest market value in 2017 and is anticipated to grow at the CAGR of 11.1% during the forecast period 2018-2025. The Asia-Pacific region (consisting of Japan, China, Australia, India and South Korea, among others) as well as Latin America (consisting of Brazil and Mexico, among others) are each expected to register a high growth rate during the forecast period 2018-2025.

Based on the geography, North America accounted for the largest market share by robotic surgical system installation volume in 2017 and it anticipated to reach robotic surgical system installation volume of 1092 units by 2025. However, Asia-Pacific and Latin America are anticipated to grow at the highest CAGR during the forecast period 2018-2025. This can be attributed to the increasing incidence rate of chronic diseases, technological advancements in the robotic assistive technologies and rising disposable income in these regions.

Competitive Landscape of the Market

Business expansions and contracts market strategy currently dominate the market, followed by approvals and certifications. Companies also rely heavily on product launches and technological developments in order to sustain their position and to enhance their business strength and outreach. The company Intuitive Surgical is currently holds a strong market position and accounts for approximately 70% of recurring revenues. As per the current market scenario, it is important for the new players to focus on forming strategic partnerships and developing low cost surgical robotics systems that can be used in multiple types surgical procedures.

The market has a plethora of opportunities to grow as the demand for minimally invasive cancer procedures is booming. Also, hospitals and clinics are extensively purchasing surgical robots to train their surgical teams. There is a huge addressable market that is still under-penetrated. In the U.S. alone there are more than 3,000 hospitals and 5,000 clinics without any robotic surgery programs.

The key players in the global surgical robotics market are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics, MedRobotics, TransEnterix and Hansen Medical, among others.

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