Industry Insights Global Surgical Robots Market, Size, Shae, Growth, Development, Demand and Forecast to 2024

Technological advancements, several advantages of surgical robots, increasing neurological disorders, increasing research and development activities, and increasing geriatric population are driving the growth of the surgical robots market.

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Some of the key surgical robotic systems available in the market include The Da Vinci Surgical System by Intuitive Surgical Inc.; Renaissance and Mazor X by Mazor Robotics Inc. (Acquired by Medtronic plc); Mako Surgical Arm by Stryker Corporation; Rosa Surgical Robot by Medtech SA (Zimmer Biomet); and CyberKnife by Accuray Incorporated.

Based on component, the surgical robots market is categorized into robotic systems, instruments and accessories, and services. Of all, instruments and accessories segment hold the largest share in the market, globally. The largest share of the category is attributed to the repeat purchase and increasing number of robot-assisted surgeries across the globe. The market for surgical robot services market is anticipated to witness the fastest growth during the forecast period due to the intensive maintenance work required for the robotic systems.

Asia-Pacific lags behind North America and Europe in terms of the number of surgical robots installed in the region; however by the end of the forecast period, the region will account for higher share in the global surgical robots market than Europe.

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Some of the key players operating in the surgical robots industry are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics Inc., (Acquired by Medtronic plc), Medtech SA (Acquired by Zimmer Biomet), Accuray Incorporated, Smith & Nephew plc, Renishaw plc, Auris Health, Inc. (Acquired by Johnson & Johnson), Medrobotics Corporation, Varian Medical Systems, Stereotaxis, Inc., Titan Medical Inc., Think Surgical Inc., and TransEnterix, Inc.

Source: VynZ Research

U.S. Surgical Robots Market Size, Share, Market Players, Growth and Demand Forecast to 2024

The U.S. surgical robots market is primarily driven by the technological advancements, high prevalence of neurological disorders, high healthcare expenditures, benefits of surgical robots, increasing number of research and development activities, increasing geriatric population, and presence of large number of industry players. The Vinci Surgical System, Renaissance Surgical System, Mazor X are the key brands primarily adopted in the U.S. market.

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Based on component, the surgical robots market is categorized in to robotic systems, instruments and accessories, and services.

Surgical robots find applications in general surgery, gynecological surgery, orthopedic surgery, cardiology, neurology, among others.

Based on end-users, the surgical robots market is segmented into hospitals and ambulatory surgical centers. Of both the categories, hospital account for the larger demand for surgical robot systems and services due to the advancements in the technology, and inclusion for gynecology, orthopaedic surgery, and general surgery.

Technological advancements, high prevalence of neurological disorders, and benefits of surgical robots are the key factors leading to the growth in the U.S. surgical robots market. Surgical robots provide enhanced visual field, superior dexterity, and precision in hard to reach places during the surgery. Also, these systems help in reducing the hospital stays time, better outcomes, and shorter recovery time. All these factors lead to increase in demand for these systems in the country.

Some of the key players operating in the U.S. surgical robots industry are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics (Acquired by Medtronic plc), Medtech SA (Acquired by Zimmer Biomet), Accuray Incorporated, Smith & Nephew plc, Renishaw plc, Auris Health, Inc. (Acquired by Johnson & Johnson), Medrobotics Corporation, Varian Medical Systems, Stereotaxis, Inc., Titan Medical Inc., Think Surgical Inc., and TransEnterix, Inc.

Source: VynZ Research