PUBLISHER: The Business Research Company | PRODUCT CODE: 1526841
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526841
Surgical robot accessories encompass a variety of specialized tools, instruments, and components designed to complement and enhance the capabilities of surgical robotic systems. These accessories are utilized in robotic surgery to improve precision, control, and effectiveness during procedures, providing surgeons with various tools and imaging systems to optimize surgical outcomes.
The main types of surgical robot accessories include instruments and accessories. Instruments are tools and devices critical for performing a wide range of surgical procedures with high precision and minimal invasiveness during robotic surgery. These accessories find applications across various medical specialties such as orthopedics, neurology, urology, gynecology, among others, and are utilized in both inpatient and outpatient settings.
The surgical robot accessories market research report is one of a series of new reports from The Business Research Company that provides surgical robot accessories market statistics, including surgical robot accessories industry global market size, regional shares, competitors with a surgical robot accessories market share, detailed surgical robot accessories market segments, market trends and opportunities, and any further data you may need to thrive in the surgical robot accessories industry. This surgical robot accessories market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The surgical robot accessories market size has grown rapidly in recent years. It will grow from $4.31 billion in 2023 to $4.92 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth during the historic period can be attributed to several factors, including advancements in miniaturization and material science, improved connectivity and data integration capabilities, changes in healthcare policies and reimbursements, adherence to safety and quality standards, and increasing demand from both surgeons and patients.
The surgical robot accessories market size is expected to see rapid growth in the next few years. It will grow to $8.50 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to the increasing adoption of robotic surgery as a standard practice, ongoing development of healthcare infrastructure, efforts to reduce costs and improve efficiency, expansion of training and education programs for robotic surgery, and factors such as economic and geopolitical stability. Major trends expected during this period include advancements in miniaturization and wireless connectivity, emphasis on interoperability and modular design of robotic systems, improvements in sterilization and reusability of accessories, integration of haptic feedback and tactile sensing technologies, and the implementation of voice and gesture control interfaces for enhanced surgeon control and efficiency.
The increasing prevalence of surgical procedures is anticipated to drive the growth of the market for accessories used in surgical robots in the future. Surgical procedures involve medical interventions performed by surgeons to address diseases, injuries, or other health conditions. The uptick in surgical procedures can be attributed to factors such as the growing incidence of chronic diseases, advancements in medical technology, and a preference for minimally invasive surgical techniques. Accessories for surgical robots play a crucial role in enhancing precision, visualization, and efficiency during minimally invasive surgeries. These accessories enable surgeons to conduct intricate procedures with greater accuracy compared to traditional methods. For example, data from the International Society of Aesthetic Plastic Surgery (ISAPS) in January 2023 revealed a 19.3% increase in procedures performed by plastic surgeons in 2021 globally, totaling over 12.8 million surgical procedures. Hence, the escalating number of surgical procedures is fueling the expansion of the market for surgical robot accessories.
Leading companies in the surgical robot accessories market are prioritizing the development of advanced solutions, such as robotic microsurgery simulators, to enhance surgeons' proficiency in microsurgery through robotic assistance. Robotic microsurgery simulators are specialized training tools designed to replicate the intricate procedures of microsurgery using robotic systems. For instance, in May 2022, Medical Microinstruments (MMI) SpA unveiled its Symani Surgical System Simulator for robotic microsurgery. This state-of-the-art product offers lifelike haptic feedback, advanced virtual reality scenarios, and personalized performance analytics tailored to the training needs of surgeons venturing into robotic microsurgery. The simulator is poised to revolutionize Symani training programs, empowering surgeons to refine their microsurgical skills using robotics. MMI's Symani Surgical System stands out as the only microsurgery robot equipped with wristed devices, enabling surgeons to access and suture delicate anatomy more effectively.
In November 2023, Telix Pharmaceuticals Ltd. bolstered its presence in the molecularly targeted radiation (MTR) therapy sector by acquiring Lightpoint Medical and its SENSEI radio-guided surgery business for $35 million. This strategic move aims to leverage Lightpoint's innovative imaging technologies, including the SENSEI probe-a miniature robotic gamma probe used in conjunction with surgical robots-to complement Telix's radiopharmaceutical therapies. Lightpoint Medical, a UK-based medical device company, specializes in developing surgical robot accessories and is renowned for its SENSEI probe, enhancing Telix's offerings in the field of molecularly targeted radiation therapies.
Major companies operating in the surgical robot accessories market are Johnson & Johnson, Stryker Corporation, Titan Medical Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, Sina Robotics and Medical Innovators Co Ltd., Intuitive Surgical Inc., MicroPort Scientific Corporation, Renishaw plc, CMR Surgical Limited, Noah Medical Inc., THINK Surgical Inc., Vicarious Surgical Inc., Distalmotion SA, OmniGuide Holdings Inc. , CUREXO Inc., Human Xtensions Ltd., OMNIlife Science Inc., Moon Surgical Inc., Verb Surgical Inc., Corindus Vascular Robotics Inc., AdEchoTech, Biobot Surgical Pte Ltd., Medicaroid Corporation, Asensus Surgical Inc.
North America was the largest region in the surgical robot accessories market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical robot accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the surgical robot accessories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The surgical robot accessories market consists of sales of products such as endoscopic camera systems, robotic arms and manipulators, imaging systems, and patient-side carts. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Surgical Robot Accessories Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on surgical robot accessories market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for surgical robot accessories ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The surgical robot accessories market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.