Robotic surgery refers to a surgical procedure in which surgeons use a computer to control instruments attached to a robot. Surgical robots consist of mechanical arms and camera arm with surgical instruments, that are controlled by surgeons on a computer console and provides a magnified 3-D and high definition view of the surgical site. Surgical robots help to perform several complex surgical procedures with more precision, control, and flexibility as compared to the conventional surgical procedures. Surgical robots are mainly preferred in minimally invasive surgery procedures, which are performed through small incisions. Moreover, surgical robots allow surgeons to perform complex and delicate procedures that are difficult or impossible through other methods.

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The factors driving the growth of the global surgical robots market include various advantages of robotic-assisted surgery, increasing adoption of surgical robots by ambulatory surgery centers and hospitals, rising funding for medical robot research, and technological advancements. The growing adoption of minimally invasive surgeries among patients is also responsible for the growth of the surgical robots market owing to its added benefits such as the introduction of cost-competitive and amenable robotic systems, shorter hospital stays by patients as compared to traditional surgeries and increasing approvals for new medical conditions.

Another factor responsible for the growth is approvals accredited to the surgical robotic companies by FDA for research & development in robotic automation and image-guided robotic surgery. Increasing number of hysterectomies with the help of robotic systems are contributing to the growth of the surgical robots market. In the last few years, robotic companies are collaborating on various technology platforms to develop new surgical applications. There have been technological advancements in the area of high-definition microscopic cameras, motion sensors, 3-D imaging, remote navigation systems, data recorders data analytic systems, and robotic controlled catheters. These factors play a significant role in the growth of the global surgical robots market.

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Based on the product & service, the market is segmented into instruments & accessories, robotic systems, and services. The instruments & accessories segment is projected to grow at a higher CAGR in the global surgical robots market during the forecast period due to the recurring demand for instruments & accessories as they have disposable nature as opposed to robotic system, which is a one-time investment.

Based on the application, the market is segmented into general surgery, urological surgery, gynecological surgery, orthopedic surgery, neurosurgery, and other applications. The general surgery segment is anticipated to witness a faster CAGR over the forecast period. There is a rise in number of general surgeries such as gastrectomy, transoral surgery, pancreatectomy, bariatric surgery, among others, which are carried out by the assistance of robotic systems. This is a crucial factor responsible for the growth of general surgery segment in the global surgical robots market.

Based on the end-user, the market is segmented into hospitals and ambulatory surgery centers. The hospitals segment is expected to grow at a higher CAGR during the forecast period. There is an upsurge in the demand of surgical robots in hospitals as robot-assisted surgeries provide better accuracy and comfort to the surgeons while carrying out surgeries.

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Based on the region, North America region is anticipated to witness a faster CAGR due to the rising adoption of surgical robots in the hospitals to carry out surgical procedures. In North America, there is a huge availability of funding for R&D and increasing use of surgical robots for general surgery procedures in the US and pediatric surgeries in Canada, are certain other factors propelling the demand of the market in this region. There is a high presence of surgical robot manufacturers in the US, who are focussing on advancing their robotic instruments & accessories with features such as minute-level precision with the introduction of agile and flexible robots and the ability of high power computing to perform minimally invasive surgery. All these factors aid in the growth of the surgical robots market in North America.

Various notable players operating in the global surgical robots market include Stryker, TransEnterix Surgical, Inc., Medtronic, Renishaw plc., Auris Health, Inc., Zimmer Biomet, Smith & Nephew, Intuitive Surgical, Corindus, Inc., OMNILife Science, Inc., among others. 

Key Developments: 

• • In 2020, Stryker announced the release of Mako Total Hip 4.0 with new planning features and CT-based 3D modelling. It allows surgeons to plan a patient’s implant position while considering changes in pelvic tilt in the patient’s standing, supine, and sitting poses.
  • In 2019, Medtronic unveiled its new robotic-assisted surgery system. The company claims that its new robotic-assisted surgery platform is cost-effective and more flexible than the other systems present in the market.
  • In 2018, Renishaw developed a surgical robot named, Neuromate Stereotactic Robot, which is used for neurosurgery. It was successfully used in the stereoelectroencephalography (SEEG) procedure. SEEG is used in the treatment of epilepsy.

The global surgical robots market has been segmented on the basis of product & service, application, and end-user, key regions. Based on product & service, the market is segmented into instruments & accessories, robotic systems, and services. Based on application, the market is segmented into general surgery, urological surgery, gynecological surgery, orthopedic surgery, neurosurgery, and other applications. Based on end-user, the market is segmented into hospitals and ambulatory surgery centers. Based on the regions, the global surgical robots market has been segmented into Asia-Pacific, Europe, North America, and RoW 

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Key questions answered in this research report:

• • At what pace is global surgical robots market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in surgical robots market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global surgical robots market?
  • Which product & service generated maximum revenues in 2019 and identify the most promising product & service during the forecast period?
  • What are the various application areas of global surgical robots market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product & Service, By Application, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Stryker, TransEnterix Surgical, Inc., Medtronic, Renishaw plc., Auris Health, Inc., Zimmer Biomet, Smith & Nephew, Intuitive Surgical, Corindus, Inc., OMNILife Science, Inc., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Surgical Robots Market by Product & Service

• • Instruments & Accessories
  • Robotic Systems
  • Services

Global Surgical Robots Market by Application

• • General Surgery
  • Urological Surgery
  • Gynecological Surgery
  • Orthopedic Surgery
  • Neurosurgery
  • Other Applications

Global Surgical Robots Market by End-User

• • Hospitals
  • Ambulatory Surgery Centers

Global Surgical Robots Market by Region

• • North America Surgical Robots Market (Option 1: As a part of the free 25% customization)
    • North America Surgical Robots Market by Product & Service
    • North America Surgical Robots Market by Application
    • North America Surgical Robots Market by End-User
    • US Surgical Robots Market All-Up
    • Canada Surgical Robots Market All-Up
  • Europe Surgical Robots Market (Option 2: As a part of the free 25% customization)
    • Europe Surgical Robots Market by Product & Service
    • Europe Surgical Robots Market by Application
    • Europe Surgical Robots Market by End-User
    • UK Surgical Robots Market All-Up
    • Germany Surgical Robots Market All-Up
    • France Surgical Robots Market All-Up
    • Spain Surgical Robots Market All-Up
    • Rest of Europe Surgical Robots Market All-Up
  • Asia-Pacific Surgical Robots Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Surgical Robots Market by Product & Service
    • Asia-Pacific Surgical Robots Market by Application
    • Asia-Pacific Surgical Robots Market by End-User
    • China Surgical Robots Market All-Up
    • India Surgical Robots Market All-Up
    • Japan Surgical Robots Market All-Up
    • Rest of APAC Surgical Robots Market All-Up
  • RoW Surgical Robots Market (Option 4: As a part of the free 25% customization)
    • RoW Surgical Robots Market by Product & Service
    • RoW Surgical Robots Market by Application
    • RoW Surgical Robots Market by End-User
    • Brazil Surgical Robots Market All-Up
    • South Africa Surgical Robots Market All-Up
    • Saudi Arabia Surgical Robots Market All-Up
    • UAE Surgical Robots Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Surgical Robots Market All-Up

Major Players Operating the Surgical Robots Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Stryker
  • TransEnterix Surgical, Inc.
  • Medtronic
  • Renishaw plc.
  • Auris Health, Inc.
  • Zimmer Biomet
  • Smith & Nephew
  • Intuitive Surgical
  • Corindus, Inc.
  • OMNILife Science, Inc.