Surgical robots are one of the innovative inventions in medical science. They help surgeons to perform critical invasive surgical procedures such as gynecology, cardiology, orthopedic, neurology, gastroenterology and so on. The increasing health complexities and urge for frequent medical surgeries boosts the market growth of surgical robots. Additionally, the enhancement of Surgical Robots Market is also catalyzed by the advanced scope in robotic-assisted surgery, technological advancements and soaring implementation in surgical robots, and the lenient financing done in the field of medical robot research. However, the growth of surgical robots market may face challenges primarily due to its costly investment needs, causing the affordability concerns in the future. The market dynamics and insights for surgical robots industry are thoughtfully depicted in the intelligence research report that states the global surgical robots market is expected to touch USD 14.4 billion by 2026 from USD 6.4 billion in 2021, at a CAGR of 17.6% during the forecast period.
This report analyses the Surgical robots market based on research on key market segments such as top market players, products and services, application, end user and geographical region. The report is prepared by thorough research on important aspects such as growth drivers, challenges and opportunities, influencing the market growth. It also analyzes and provides specifics of the competitive ecosystem for the market players. Additionally, the report evaluates the growth trends and estimates the revenue of the market segments based on the main geographic regions and country-wise data of different micro markets.
The primary aim of the report is to enable the stakeholders in efficient decision making by providing the detailed information on future market dynamics and growth opportunity.
The top market players of the elected from across different geographical locations for surgical robots industry are as follows:
Intuitive Surgical (US)
Stryker Corporation (US)
Smith & Nephew (UK)
Zimmer Biomet (US)
Asensus Surgical (Transenterix) (US)
Corindus Vascular Robotics (US)
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)
Titan Medical (Canada)
Medicaroid Corporation (Japan).
The main geographical division based on the locations of the top market players of surgical robots industry are the North America, South America, Europe and APAC. The report further depicts that North America holds major share (63% in 2019) in the growth of the surgical robots market, due to the lenient financing behind R&D for surgical robots and growing demand for implementation of surgical robots surgical procedures. On the other hand, the APAC region is also growing progressively and is expected to record the maximum CAGR of 18.5% during the forecast period.
For the products and services market segment, the report refers categories such as robotic systems, instruments & accessories, and services. The instruments & accessories segment seems to lead as the key growth promoter recording the largest share of the surgical robots market that records 53.8% in 2020. This category forecasts a considerable growth at the highest CAGR of 18.2% during the forecast period. The large share and the growth rate of the instrument and accessories category are mainly boosted by the procuring inclination of instruments & accessories over of the robotic systems.
This report considers the hospitals and ambulatory surgery centers as the prime end users of the surgical robots market. According to the report, hospitals are the largest shareholders of the market registering 85.5% in 2020. The increasing demand for the surgical robots in hospitals is mainly steered by the fact that the hospitals have higher budgets in comparison with the ambulatory surgery centers.