The surgical robots market refers to the industry and market segment focused on robotic systems designed for use in surgical procedures. Surgical robots are advanced medical devices that assist surgeons in performing complex surgical procedures with enhanced precision, control, and flexibility.
The increasing adoption of surgical robots, and the increase in
funding for medical robot research are the factors attributing to the growth of
surgical robots.
The report Surgical Robots Market
is projected to reach USD 18.4 billion by 2027 from an estimated USD 8.5
billion in 2022, at a CAGR of 16.6% during the forecast period.
Browse in-depth TOC on "Surgical Robots Market”.
152 - Tables
52 - Figures
241 - Pages
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Surgical Robots Market Dynamics:
Drivers:
- Advantages of robotic-assisted surgery
- Technological advancements
- Improving reimbursement scenario
- Increasing adoption of surgical robots
- Increase in funding for medical robot research
Restraints:
- High cost of robotic systems
Opportunities:
- Increasing penetration of surgical robots in
ASCs
- Emerging markets
Market Segmentation: -
·
By product & service, the surgical robots market
has been segmented into robotic systems, instruments & accessories, and
services. In 2021, the robotic systems segment accounted for the second largest
share of the surgical robots market.
·
By robotic systems, the surgical robots market has
been segmented into laparoscopy robotic systems, orthopedic robotic systems,
neurosurgical robotic systems, and other systems.
·
By application, the surgical robots market has been
segmented into general surgery, urological surgery, gynecological surgery,
orthopedic surgery, neurosurgery, and other applications. The general surgery
segment is projected to register the highest growth during the forecast period.
·
Based on end users, the market has been segmented
into hospitals & clinics and ambulatory surgery centers. In 2021, the
hospitals & clinics accounted for the largest share of the market.
Regional Analysis:
Europe is another prominent region in the surgical robots
market. Countries such as Germany, the United Kingdom, France, and Italy have
been key players in this market. The region has a well-established healthcare
system, high awareness about robotic technologies, and favorable reimbursement
policies, which have contributed to the growth of the market.
The Asia Pacific surgical robots market is expected to grow at
the highest CAGR during the forecast period of 2022-2027.
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Recent Developments:
- In 2022, BGS Beta-Gamma-Service GmbH & Co.
KG expanded its laboratory in Wiehl to meet the increased need for
sterilization services in the sectors of biotechnology, medicine, and
diagnostics for radiation cross-linking.
- In 2022, Sterigenics expanded its electron
beam facility located in Columbia city, Indiana. This
facility provides mission-critical E-beam sterilization services to help
ensure the safety of medical devices and drug products.
- In 2021, STERIS acquired Cantel, which is a
provider of infection prevention services, and this acquisition will
strengthen the STERIS leadership in infection prevention by bringing
together two complementary businesses.
- In 2020, STERIS added X-rays to its product
portfolio in the existing gamma irradiation by an expansion of its
facility in Thailand.
Top Key Players:-
Intuitive Surgical (US), Stryker Corporation (US), Medtronic Plc
(Ireland), Smith & Nephew (UK), Zimmer Biomet (US), Asensus Surgical (US),
Siemens Healthineers (Germany), CMR Surgical (UK), Johnson & Johnson (US),
and Renishaw Plc. (UK) are key players in the surgical robots market.
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