Surgical Robots Market Insights, Size, Type, Industry Demand, Growth Rate, Opportunity, Top Manufacturers, Current Trends and Forecasts

The global surgical robots market is projected to reach USD 14.4 billion by 2026 from USD 6.4 billion in 2021, at a CAGR of 17.6% during the forecast period. The wide-ranging Surgical Robots Market report provides CAGR value fluctuation during the forecast period of 2021-2026 for the industry. In this report, detailed SWOT analysis & investment analysis is provided which forecasts forthcoming opportunities for the market players. The business report highlights the idea of a high-level analysis of major market segments and recognition of opportunities. This market research report conducts a systematic, to the point, and far-reaching study of the facts related to any subject in the field of marketing. Surgical Robots Market report has been produced by focusing on several factors of the present and upcoming market scenario.

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Some of the prominent players operating in the Surgical robots market are:

Intuitive Surgical (US),

Stryker Corporation (US),

Medtronic (Ireland),

Smith & Nephew (UK),

Zimmer Biomet (US),

Asensus Surgical (Transenterix) (US),

Corindus Vascular Robotics (US),

Renishaw (UK),

Auris Health (US),

Medrobotics Corporation (US),

Think Surgical (US),

Verb Surgical (US),

OMNIlife Science (US),

CMR  Surgical (US),

Preceyes BV (Netherlands),

China National Scientific Instruments And Materials Corporation (CSIMC) (China),

Microsure (Netherlands),

Titan Medical (Canada),

avateramedicalGmbh (Germany) and Medicaroid Corporation (Japan).

Research Coverage

This report studies the Surgical robots market based on products and services, application, end user and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.

Key Benefits of Buying the Report

This report focuses on various levels of analysis—industry trends, market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.

Recurring purchase of instruments and accessories for robotic systems  leads to the largest sharee of this segment in market.

Based on product & service, the surgical robots market is segmented into robotic systems, instruments & accessories, and services. The instruments & accessories segment commanded the largest share of 53.8% of the market in 2020. This segment is also expected to grow at the highest CAGR of 18.2% during the forecast period. The large share and high growth rate of this segment are mainly driven by the recurrent purchase of instruments & accessories instead of robotic systems, which are a one-time investment.

Hospitals account for the highest share in the market

Based on end users, the market is segmented into hospitals and ambulatory surgery centers. Hospitals commanded the largest share of 85.5% of the market in 2020. The high demand for surgical robots in hospitals is primarily driven by the higher budgets of hospitals as compared to ASCs since robotic systems are high-cost equipment.

Improved funding for R&D in surgical robots led to the largest market size of the North American region

North America dominated the surgical robots market, with a share of 63.6% in 2019, while the Asia Pacific region is expected to register the highest CAGR of 18.5% during the forecast period. The large share of the North American market can be attributed to the availability of funding for R&D in surgical robots in this region and the increasing adoption of surgical robots for pediatric surgeries in Canada and general surgery procedures in the US.

Breakdown of supply-side primary interviews:

  • By Company Type: Tier 1 – 58%, Tier 2 – 21%, and Tier 3 – 21%
  • By Designation: C-level – 25%, Director-level – 35%, and Others – 40%
  • By Region: North America – 30%, Europe – 20%, APAC –35%, Rest of the World –15%

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Market Inclusions & Exclusions
1.2.2 Markets Covered
1.2.3 Years Considered For The Study
1.3 Currency
1.4 Limitations
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
2.2 Research Methodology Steps
Figure 1 Research Methodology: Surgical Robots Market
Figuree 2 Research Design
2.2.1 Secondary Data
2.2.1.1 Secondary Sources
2.2.2 Primary Data
Figuree 3 Breakdown Of Primary Interviews: By Category, Designation, And Region
2.2.2.1 Primary Sources
Figuree 4 Primary Sources
2.2.2.2 Key Insights From Primary Sources
2.3 Market Size Estimation Methodology
Figuree 5 Research Methodology: Hypothesis Building
2.3.1 Revenue Mapping-Based Market Estimation
Figuree 6 Market Size Estimation: Revenue Share Analysis
2.3.2 Primary Research Validation
2.4 Market Data Estimation And Triangulation
Figuree 7 Data Triangulation Methodology
2.5 Assumptions For The Study
2.6 Covid-19 Specific Assumptions
2.7 Risk Assessment

3 Executive Summary
Figure 8 Surgical Robots Market Share, By Product & Service, 2021 Vs. 2026 (Usd Million)
Figuree 9 Surgical Robots Market, By Application, 2021 Vs. 2026 (Usd Million)
Figuree 10 Surgical Robots Market, By End User, 2021 Vs. 2026 (Usd Million)
Figuree 11 Geographical Snapshot Of The Surgical Robots Market

4 Premium Insights
4.1 Surgical Robots Market Overview
Figure 12 Advantages Of Robotic-Assisted Surgery To Drive Market Growth During The Forecast Period
4.2 Geographic Analysis: North American Surgical Robots Market, By Product & Service
Figuree 13 Instruments & Accessories Accounted For The Largest Share Of The North American Surgical Robots Market In 2020
4.3 Surgical Robots Market Share, By Product & Service, 2021 Vs. 2026
Figuree 14 Instruments & Accessories To Dominate The Surgical Robots Market In 2026
4.4 Surgical Robots Market Share, By Application, 2021 Vs. 2026
Figuree 15 General Surgery Applications To Dominate The Surgical Robots Market In 2026
4.5 Surgical Robots Market: Geographic Growth Opportunities
Figuree 16 Apac Market To Register The Highest Growth During The Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 17 Surgical Robots Market: Drivers, Restraints, And Opportunities
5.2.1 Drivers
5.2.1.1 Advantages Of Robotic-Assisted Surgery
5.2.1.2 Technological Advancements
5.2.1.3 Improving Reimbursement Scenario
5.2.1.4 Increasing Adoption Of Surgical Robots
5.2.1.5 Increase In Funding For Medical Robot Research
5.2.2 Restraints
5.2.2.1 High Cost Of Robotic Systems
5.2.3 Opportunities
5.2.3.1 Increasing Penetration Of Surgical Robots In Ascs
5.2.3.2 Emerging Markets
5.3 Impact Of Covid-19 On The Surgical Robots Market
5.4 Ecosystem Analysis
Figure 18 Surgical Robots Market: Ecosystem Analysis
5.5 Porter’s Five Forces Analysis: Surgical Robots Market
5.6 Technology Analysis
Table 1 Digital Technology Enablers, Their Benefits, And Examples In The Market
Table 2 Technological Advancements In Surgical Robots
5.7 Regulatory Analysis
5.8 Pricing Analysis
Table 3 Surgical Robots Pricing
5.9 Product Pipeline Assessment
5.9.1 Clinical Trials For Surgical Robots
Table 4 Surgical Robots: Indicative List Of Clinical Trials In Phase Ii, Iii, And Iv

6 Surgical Robots Market, By Product & Service
6.1 Introduction
Table 5 Surgical Robots Market, By Product & Service, 2018–2020 (Usd Million)
Table 6 Surgical Robots Market, By Product & Service, 2021–2026 (Usd Million)
6.2 Instruments & Accessories
6.2.1 Recurrent Purchase Of Instruments & Accessories For Each Surgical Procedure To Drive Growth Segment Growth
Table 7 Surgical Robot Instruments & Accessories Market, By Region, 2018–2020 (Usd Million)
Table 8 Surgical Robot Instruments & Accessories Market, By Region, 2021–2026 (Usd Million)
Table 9 North America: Surgical Robot Instruments & Accessories Market, By Country, 2018–2020 (Usd Million)
Table 10 North America: Surgical Robot Instruments & Accessories Market, By Country, 2021–2026 (Usd Million)
Table 11 Europe: Surgical Robot Instruments & Accessories Market, By Country, 2018–2020 (Usd Million)
Table 12 Europe: Surgical Robot Instruments & Accessories Market, By Country, 2021–2026 (Usd Million)
Table 13 Apac: Surgical Robot Instruments & Accessories Market, By Country, 2018–2020 (Usd Million)
Table 14 Apac: Surgical Robot Instruments & Accessories Market, By Country, 2021–2026 (Usd Million)
6.3 Robotic Systems
6.3.1 High Cost Of Robotic Systems Likely To Restrict Adoption
Table 15 Surgical Robotic Systems Market, By Region, 2018–2020 (Usd Million)
Table 16 Surgical Robotic Systems Market, By Region, 2021–2026 (Usd Million)
Table 17 North America: Surgical Robotic Systems Market, By Country, 2018–2020 (Usd Million)
Table 18 North America: Surgical Robotic Systems Market, By Country, 2021–2026 (Usd Million)
Table 19 Europe: Surgical Robotic Systems Market, By Country, 2018–2020 (Usd Million)
Table 20 Europe: Surgical Robotic Systems Market, By Country, 2021–2026 (Usd Million)
Table 21 Apac: Surgical Robotic Systems Market, By Country, 2018–2020 (Usd Million)
Table 22 Apac: Surgical Robotic Systems Market, By Country, 2021–2026 (Usd Million)
6.4 Services
6.4.1 Recurring Revenue Per Installation And Per Procedure To Offer Growth Opportunities
Table 23 Surgical Robot Services Market, By Region, 2018–2020 (Usd Million)
Table 24 Surgical Robot Services Market, By Region, 2021–2026 (Usd Million)
Table 25 North America: Surgical Robot Services Market, By Country, 2018–2020 (Usd Million)
Table 26 North America: Surgical Robot Services Market, By Country, 2021–2026 (Usd Million)
Table 27 Europe: Surgical Robot Services Market, By Country, 2018–2020 (Usd Million)
Table 29 Apac: Surgical Robot Services Market, By Country, 2018–2020 (Usd Million)
Table 30 Apac: Surgical Robot Services Market, By Country, 2021–2026 (Usd Million)

7 Surgical Robots Market, By Application
7.1 Introduction
Table 31 Surgical Robots Market, By Application, 2018–2020 (Usd Million)
Table 32 Surgical Robots Market, By Application, 2021–2026 (Usd Million)
7.2 General Surgery
7.2.1 Increasing Number Of General Surgical Procedures Conducted To Drive The Market Growth
Table 33 Surgical Robots Market For General Surgery, By Region, 2018–2020 (Usd Million)
Table 34 Surgical Robots Market For General Surgery, By Region, 2021–2026 (Usd Million)
Table 35 North America: Surgical Robots Market For General Surgery, By Country, 2018–2020 (Usd Million)
Table 36 North America: Surgical Robots Market For General Surgery, By Country, 2021–2026 (Usd Million)
Table 37 Europe: Surgical Robots Market For General Surgery, By Country, 2018–2020 (Usd Million)
Table 38 Europe: Surgical Robots Market For General Surgery, By Country, 2021–2026 (Usd Million)
Table 39 Apac: Surgical Robots Market For General Surgery, By Country, 2018–2020 (Usd Million)
Table 40 Apac: Surgical Robots Market For General Surgery, By Country, 2021–2026 (Usd Million)
7.3 Gynecological Surgery
7.3.1 Growth In The Number Of Hysterectomy Procedures To Support Market Growth
Table 41 Surgical Robots Market For Gynecological Surgery, By Region, 2018–2020 (Usd Million)
Table 42 Surgical Robots Market For Gynecological Surgery, By Region, 2021–2026 (Usd Million)
Table 43 North America: Surgical Robots Market For Gynecological Surgery, By Country, 2018–2020 (Usd Million)
Table 44 North America: Surgical Robots Market For Gynecological Surgery, By Country, 2021–2026 (Usd Million)
Table 45 Europe: Surgical Robots Market For Gynecological Surgery, By Country, 2018–2020 (Usd Million)
Table 46 Europe: Surgical Robots Market For Gynecological Surgery, By Country, 2021–2026 (Usd Million)
Table 47 Apac: Surgical Robots Market For Gynecological Surgery, By Country, 2018–2020 (Usd Million)
Table 48 Apac: Surgical Robots Market For Gynecological Surgery, By Country, 2021–2026 (Usd Million)
7.4 Orthopedic Surgery
7.4.1 High Implantation And Placement Accuracy Of Surgical Robots In Orthopedic Procedures Supports Market Growth
Table 49 Surgical Robots Market For Orthopedic Surgery, By Region, 2018–2020 (Usd Million)
Table 50 Surgical Robots Market For Orthopedic Surgery, By Region, 2021–2026 (Usd Million)
Table 51 North America: Surgical Robots Market For Orthopedic Surgery, By Country, 2018–2020 (Usd Million)
Table 52 North America: Surgical Robots Market For Orthopedic Surgery, By Country, 2021–2026 (Usd Million)
Table 53 Europe: Surgical Robots Market For Orthopedic Surgery, By Country, 2018–2020 (Usd Million)
Table 54 Europe: Surgical Robots Market For Orthopedic Surgery, By Country, 2021–2026 (Usd Million)
Table 55 Apac: Surgical Robots Market For Orthopedic Surgery,By Country, 2018–2020 (Usd Million)
Table 56 Apac: Surgical Robots Market For Orthopedic Surgery, By Country, 2021–2026 (Usd Million)
7.5 Urological Surgery
7.5.1 Increasing Number Of Da Vinci Prostatectomy Procedures And Kidney Cancer Cases To Drive The Urological Surgery Application Segment
Table 57 Surgical Robots Market For Urological Surgery, By Region, 2018–2020 (Usd Million)
Table 58 Surgical Robots Market For Urological Surgery, By Region, 2021–2026 (Usd Million)
Table 59 North America: Surgical Robots Market For Urological Surgery, By Country, 2018–2020 (Usd Million)
Table 60 North America: Surgical Robots Market For Urological Surgery, By Country, 2021–2026 (Usd Million)
Table 61 Europe: Surgical Robots Market For Urological Surgery, By Country, 2018–2020 (Usd Million)
Table 62 Europe: Surgical Robots Market For Urological Surgery, By Country, 2021–2026 (Usd Million)
Table 63 Apac: Surgical Robots Market For Urological Surgery, By Country, 2018–2020 (Usd Million)
Table 64 Apac: Surgical Robots Market For Urological Surgery, By Country, 2021–2026 (Usd Million)
7.6 Neurosurgery
7.6.1 Growing Use Of Robotic Technology In Neurosurgical Practice To Fuel The Market Growth
Table 65 Surgical Robots Market For Neurosurgery, By Region, 2018–2020 (Usd Million)
Table 66 Surgical Robots Market For Neurosurgery, By Region, 2021–2026 (Usd Million)
Table 67 North America: Surgical Robots Market For Neurosurgery,By Country, 2018–2020 (Usd Million)
Table 68 North America: Surgical Robots Market For Neurosurgery, By Country, 2021–2026 (Usd Million)
Table 69 Europe: Surgical Robots Market For Neurosurgery, By Country, 2018–2020 (Usd Million)
Table 70 Europe: Surgical Robots Market For Neurosurgery, By Country, 2021–2026 (Usd Million)
Table 71 Apac: Surgical Robots Market For Neurosurgery, By Country, 2018–2020 (Usd Million)
Table 72 Apac: Surgical Robots Market For Neurosurgery, By Country, 2021–2026 (Usd Million)
7.7 Other Applications
Table 73 Surgical Robots Market For Other Applications, By Region, 2018–2020 (Usd Million)
Table 74 Surgical Robots Market For Other Applications, By Region, 2021–2026 (Usd Million)
Table 75 North America: Surgical Robots Market For Other Applications, By Country, 2018–2020 (Usd Million)
Table 76 North America: Surgical Robots Market For Other Applications, By Country, 2021–2026 (Usd Million)
Table 77 Europe: Surgical Robots Market For Other Applications, By Country, 2018–2020 (Usd Million)
Table 78 Europe: Surgical Robots Market For Other Applications, By Country, 2021–2026 (Usd Million)
Table 79 Apac: Surgical Robots Market For Other Applications, By Country, 2018–2020 (Usd Million)
Table 80 Apac: Surgical Robots Market For Other Applications, By Country, 2021–2026 (Usd Million)

8 Surgical Robots Market, By End User
8.1 Introduction
Table 81 Surgical Robots Market, By End User, 2018–2020 (Usd Million)
Table 82 Surgical Robots Market, By End User, 2021–2026 (Usd Million)
8.2 Hospitals
8.2.1 Robotic-Assisted Surgeries Enable Hospitals To Lower Care Costs And Length Of Hospital Stay
Table 83 Recently Acquired Surgical Robot Systems In Hospitals Across The Globe
Table 84 Surgical Robots Market For Hospitals, By Region, 2018–2020 (Usd Million)
Table 85 Surgical Robots Market For Hospitals, By Region, 2021–2026 (Usd Million)
Table 86 North America: Surgical Robots Market For Hospitals, By Country, 2018–2020 (Usd Million)
Table 87 North America: Surgical Robots Market For Hospitals, By Country, 2021–2026 (Usd Million)
Table 88 Europe: Surgical Robots Market For Hospitals, By Country, 2018–2020 (Usd Million)
Table 89 Europe: Surgical Robots Market For Hospitals, By Country, 2021–2026 (Usd Million)
Table 90 Apac: Surgical Robots Market For Hospitals, By Country, 2018–2020 (Usd Million)
Table 91 Apac: Surgical Robots Market For Hospitals, By Country, 2021–2026 (Usd Million)
8.3 Ambulatory Surgery Centers
8.3.1 Rise In The Number Of Outpatient Surgeries To Support Market Growth
Table 92 Surgical Robots Market For Ambulatory Surgery Centers, By Region, 2018–2020 (Usd Million)
Table 93 Surgical Robots Market For Ambulatory Surgery Centers, By Region, 2021–2026 (Usd Million)
Table 94 North America: Surgical Robots Market For Ambulatory Surgery Centers, By Country, 2018–2020 (Usd Million)
Table 95 North America: Surgical Robots Market For Ambulatory Surgery Centers, By Country, 2021–2026 (Usd Million)
Table 96 Europe: Surgical Robots Market For Ambulatory Surgery Centers, By Country, 2018–2020 (Usd Million)
Table 97 Europe: Surgical Robots Market For Ambulatory Surgery Centers, By Country, 2021–2026 (Usd Million)
Table 98 Apac: Surgical Robots Market For Ambulatory Surgery Centers, By Country, 2018–2020 (Usd Million)
Table 99 Apac: Surgical Robots Market For Ambulatory Surgery Centers, By Country, 2021–2026 (Usd Million)

9 Surgical Robots Market, By Region

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