Surgical Robots Market Overview, Surgical Robots Market is expected to register a CAGR of 18.94% to reach USD 19,596.61 Million till 2024. Robotic-assisted surgery is a minimally invasive surgery that allows healthcare professionals to perform many complex procedures with more precision, flexibility, and control, which is possible with conventional techniques. It has also been used in specific traditional open surgical procedures. Surgical robots are the medical robots that perform the procedures through tiny incisions. The da Vinci system is the world’s most advanced surgical robot. It has miniaturized instruments that are attached to three separate robotic arms that permit the maximum surgeon range of motion and precision., The technological advancements in surgical robots, rising preference for minimally invasive surgeries, increase in funding for surgical robot research, and rising adoption of advanced medical technologies and surgical robots across the globe is expected to enhance the market growth. However, the high cost of surgical robots and risks associated with robotic-assisted surgeries are projected to curb the growth of the market., Surgical Robots Market Key Players, The prominent players in the global surgical robots market are Intuitive Surgical, Inc. (US), Stryker Corporation (US), Mazor Robotics (Israel), Hansen Medical (US), TransEnterix, Inc. (US), Medtech SA (France), Merck Co. & Inc (US), Verb Surgical Inc. (US), Smith & Nephew (UK), Renishaw PLC (UK), and Medrobotics Corporation (US)., Market Dynamics, Surgical robots have been gaining significance in recent years, owing to the rising minimally invasive surgery. For instance, according to an article published in, In Good Health, Buffalo & WNY’s Healthcare Newspaper, in 2017, more than 3.0 million robotic-assisted surgeries were performed across the globe. Moreover, technological advancement will support the growth of the market during the forecast period. Recently, in March 2018, Hansen Medical laun

Surgical Robots Market Overview

Surgical Robots Market is expected to register a CAGR of 18.94% to reach USD 19,596.61 Million till 2024. Robotic-assisted surgery is a minimally invasive surgery that allows healthcare professionals to perform many complex procedures with more precision, flexibility, and control, which is possible with conventional techniques. It has also been used in specific traditional open surgical procedures. Surgical robots are the medical robots that perform the procedures through tiny incisions. The da Vinci system is the world’s most advanced surgical robot. It has miniaturized instruments that are attached to three separate robotic arms that permit the maximum surgeon range of motion and precision.

The technological advancements in surgical robots, rising preference for minimally invasive surgeries, increase in funding for surgical robot research, and rising adoption of advanced medical technologies and surgical robots across the globe is expected to enhance the market growth. However, the high cost of surgical robots and risks associated with robotic-assisted surgeries are projected to curb the growth of the market.

Surgical Robots Market Key Players

The prominent players in the global surgical robots market are Intuitive Surgical, Inc. (US), Stryker Corporation (US), Mazor Robotics (Israel), Hansen Medical (US), TransEnterix, Inc. (US), Medtech SA (France), Merck Co. & Inc (US), Verb Surgical Inc. (US), Smith & Nephew (UK), Renishaw PLC (UK), and Medrobotics Corporation (US).

Market Dynamics

Surgical robots have been gaining significance in recent years, owing to the rising minimally invasive surgery. For instance, according to an article published in, In Good Health, Buffalo & WNY’s Healthcare Newspaper, in 2017, more than 3.0 million robotic-assisted surgeries were performed across the globe. Moreover, technological advancement will support the growth of the market during the forecast period. Recently, in March 2018, Hansen Medical launched Monarch, which is a surgical robotic platform that integrates flexible robotics, micro-instrumentation, and data science for better bronchoscopic procedures.



Intended Audience



Medical Device Companies



Association and Organizations



Research Institutes



Surgical Robots Market Segmentation

The global surgical robots market, by product type, has been segmented into instrument & accessories, robotic systems, and services. Based on application, the market has been categorized as gynecologic surgery, general surgery, cardiac surgery, urologic surgery, colorectal surgery, head and neck surgery, and others. Based on the control mechanism, the market has been classified as direct telemanipulator and computer control. Based on end-user, the market has been divided into hospitals and ambulatory surgical centers.



Global Surgical Robots Market Share, by Product Type, 2018 (%)



Source: MRFR Analysis

Surgical Robots Market Regional Analysis

The global surgical robots market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The Americas is expected to hold the largest share of the global surgical robot market. North America is expected to dominate the market, mainly due to the rising financial capability of hospitals to invest in robotic systems, strategic collaborations with other companies, rising patient acceptance for the use of surgical robots in medical procedures leading to superior healthcare outcomes, and increasing general awareness about computer-assisted surgeries. For instance, with the help of the Da Vinci system, a total of 563,000 procedures were performed in the US in 2016, of which 44% were gynecological, 33% were general surgeries, and 19% were urological.

Europe is expected to account for the second-largest market share during the forecast period. The factors responsible for market growth in this region are increasing the need for automation in the healthcare sector and growing demand for minimally invasive surgeries or unmanned surgeries and miniature robotics.

Asia-Pacific is estimated to be the fastest-growing region in the global market due to the presence of a vast patient population, an increasing number of hospitals, and rapid development in technology will support the growth of the market.

The surgical robot market in the Middle East & Africa is expected to grow due to the developing healthcare infrastructure.



Western Europe Surgical Robots Market Share, 2018 (%)



Source: MRFR Analysis

Some of the key strategies followed by players operating in the global surgical robots market were innovation, product development, and acquisition & mergers.



In January 2019 , TransEnterix received FDA 510(k) clearance for its Senhance Ultrasonic System. The addition of ultrasonic technology to Senhance system enhances its capabilities to effectively ligate and divide tissue and minimize thermal injury to surrounding structures.





In November 2018 , Mazor Robotics formed a merger with Medtronic to accelerate the advancement and adoption of robotic-assisted surgery in the spine for better healthcare.





In October 2018 , Stryker acquired Invuity, Inc, enabling the former to deliver enhanced visualization for a wide variety of clinical applications, including orthopedic and spine surgery, general surgery, and women's health procedures.



Surgical Robots Market Segmentation

Global Surgical Robots Market, by Product Type



Instrument & Accessories



Robotic systems



Services



Global Surgical Robots Market, by Application



Gynaecologic Surgery



General Surgery



Cardiac Surgery



Urologic Surgery



Colorectal Surgery



Head and Neck Surgery



Others



Global Surgical Robots Market, by Control Mechanism



Direct Telemanipulator



Computer Control



Global Surgical Robots Market, by End User



Hospitals



Ambulatory Surgical Centers



Global Surgical Robots Market, by Region



Americas



North America



US

Canada





Latin America











Europe



Western Europe



Germany

UK

France

Italy

Spain

Rest of Western Europe





Eastern Europe











Asia-Pacific



China

Japan

India

Australia

South Korea

Rest of Asia-Pacific











Middle East & Africa



Middle East

Africa









Available Additional Customizations



Company Profiles of Other Key Players



THINK Surgical

Auris Surgical Robotics, Inc.

Accuray Incorporated

SRI International Inc.

Maxar Technologies Limited







Surgical Robots Market, Industry Trends



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