PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1596104
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1596104
Surgical Robots Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overview
The surgical robotics market is set to experience remarkable growth, with expected revenues of $11.8 billion in 2024 and an estimated compound annual growth rate (CAGR) of 16.7% from 2024 to 2030, reaching $30.0 billion by the end of the forecast period. This growth is primarily fueled by the rising demand for knee and hip replacement surgeries, alongside rapid technological advancements in robotic surgical systems. The increasing prevalence of chronic diseases, including cancer, cardiovascular disorders, and neurological conditions, particularly in aging populations, is further driving the adoption of these technologies. Additionally, the increasing number of robotic-assisted surgeries, combined with higher healthcare expenditures by governments and private entities, is bolstering market expansion.
Key Insights
The surgical robotics market is segmented by application into orthopedics, neurology, urology, gynecology, and general surgery. Orthopedic applications, particularly knee and hip replacements, are witnessing significant traction due to the precision and minimally invasive nature of robotic-assisted procedures. Neurological applications are also advancing, with robotic brain surgeries offering improved outcomes for conditions such as tumors.
North America currently dominates the market due to its well-established healthcare infrastructure and early adoption of advanced technologies. Meanwhile, the Asia-Pacific region is anticipated to grow at the fastest pace, driven by increasing investments in healthcare infrastructure, a rising geriatric population, and a growing preference for minimally invasive surgical methods.
Technological advancements are significantly enhancing the functionality of surgical robots, making them more precise, versatile, and accessible. The incorporation of artificial intelligence and machine learning is improving procedural outcomes and reducing recovery periods. Furthermore, the development of cost-effective robotic systems is widening their adoption across diverse healthcare facilities.
The market is highly competitive, with major players focusing on strategic initiatives such as partnerships, mergers, and acquisitions to expand their global footprint and product offerings. The rising establishment of ambulatory surgery centers is encouraging the adoption of cost-effective surgical robots, while the growing number of product approvals further drives market potential. As healthcare systems increasingly emphasize minimally invasive techniques, stakeholders are presented with extensive opportunities for innovation and expansion in this dynamic sector.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by application
- 1.4.2. Market size breakdown, by end user
- 1.4.3. Market size breakdown, by offering
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Application (2019-2030)
- 6.3. Market Revenue, by End User (2019-2030)
- 6.4. Market Revenue, by Offering (2019-2030)
- 6.5. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Application (2019-2030)
- 7.3. Market Revenue, by End User (2019-2030)
- 7.4. Market Revenue, by Offering (2019-2030)
- 7.5. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Application (2019-2030)
- 8.3. Market Revenue, by End User (2019-2030)
- 8.4. Market Revenue, by Offering (2019-2030)
- 8.5. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Application (2019-2030)
- 9.3. Market Revenue, by End User (2019-2030)
- 9.4. Market Revenue, by Offering (2019-2030)
- 9.5. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Application (2019-2030)
- 10.3. Market Revenue, by End User (2019-2030)
- 10.4. Market Revenue, by Offering (2019-2030)
- 10.5. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Application (2019-2030)
- 11.3. Market Revenue, by End User (2019-2030)
- 11.4. Market Revenue, by Offering (2019-2030)
- 11.5. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Application (2019-2030)
- 12.3. Market Revenue, by End User (2019-2030)
- 12.4. Market Revenue, by Offering (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Application (2019-2030)
- 13.3. Market Revenue, by End User (2019-2030)
- 13.4. Market Revenue, by Offering (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Application (2019-2030)
- 14.3. Market Revenue, by End User (2019-2030)
- 14.4. Market Revenue, by Offering (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Application (2019-2030)
- 15.3. Market Revenue, by End User (2019-2030)
- 15.4. Market Revenue, by Offering (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Application (2019-2030)
- 16.3. Market Revenue, by End User (2019-2030)
- 16.4. Market Revenue, by Offering (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Application (2019-2030)
- 17.3. Market Revenue, by End User (2019-2030)
- 17.4. Market Revenue, by Offering (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Application (2019-2030)
- 18.3. Market Revenue, by End User (2019-2030)
- 18.4. Market Revenue, by Offering (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Application (2019-2030)
- 19.3. Market Revenue, by End User (2019-2030)
- 19.4. Market Revenue, by Offering (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Application (2019-2030)
- 20.3. Market Revenue, by End User (2019-2030)
- 20.4. Market Revenue, by Offering (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Application (2019-2030)
- 21.3. Market Revenue, by End User (2019-2030)
- 21.4. Market Revenue, by Offering (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Application (2019-2030)
- 22.3. Market Revenue, by End User (2019-2030)
- 22.4. Market Revenue, by Offering (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Application (2019-2030)
- 23.3. Market Revenue, by End User (2019-2030)
- 23.4. Market Revenue, by Offering (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Application (2019-2030)
- 24.3. Market Revenue, by End User (2019-2030)
- 24.4. Market Revenue, by Offering (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Application (2019-2030)
- 25.3. Market Revenue, by End User (2019-2030)
- 25.4. Market Revenue, by Offering (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Application (2019-2030)
- 26.3. Market Revenue, by End User (2019-2030)
- 26.4. Market Revenue, by Offering (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Application (2019-2030)
- 27.3. Market Revenue, by End User (2019-2030)
- 27.4. Market Revenue, by Offering (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Application (2019-2030)
- 28.3. Market Revenue, by End User (2019-2030)
- 28.4. Market Revenue, by Offering (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Intuitive Surgical Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Stryker Corporation
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Medtronic plc
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Smith & Nephew plc
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Zimmer Biomet Holdings Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Titan Medical Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Corindus Vascular Robotics
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. CMR Surgical
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Medrobotics Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. THINK Surgical Inc.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Renishaw plc
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. Asensus Surgical Inc.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
