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Market Overview of Global Robotics Surgery market:
According to our latest research, the global Robotics Surgery market looks promising in the next 5 years. As of 2022, the global Robotics Surgery market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Robotic surgery, or robot-assisted surgery, enables physicians to perform many types of complex procedures with greater precision, flexibility, and control than conventional techniques. The most widely used clinical robotic surgery systems include a camera arm and robotic arms with surgical instruments attached. The surgeon controls the arm while sitting on a computer console near the operating table. The console provides the surgeon with a high-definition magnified 3D view of the surgical site. Compared to traditional techniques, it improves precision, flexibility, and control during many procedures and enables physicians to better see the surgical field. This report mainly covers robotic surgical systems and other accessories involved in robotic surgery, as well as services such as repairs.
The COVID-19 pandemic has had a devastating global impact on the world's population and economy. The pandemic has put enormous pressure on the healthcare system. During this time, healthcare facilities and providers have been instructed to stop performing elective surgeries and physical exams to minimize the potential for transmission and save healthcare resources for COVID-19 patients. The pandemic has led to a temporary global ban on elective surgery, which has led to the cancellation of elective surgery worldwide, with negative consequences globally.
The surgical robotic systems market has experienced a temporary downturn as lockdown restrictions are seen as a necessary step to curb the spread of the COVID-19 infection. One of the main effects of the lockdown is the disruption of global production processes and supply chains. In addition to the aforementioned factors, the significant reduction in medical procedures due to the prioritization of patient loads associated with COVID-19 infections has also seen a significant drop in the demand for surgical robotic systems.
Growing adoption of surgical robots in gynecological surgery will provide huge market revenue opportunities
Growing adoption of surgical robots in gynecological surgery is expected to provide a huge market revenue opportunity over the forecast period, mainly owing to the increasing use of robot-assisted surgery for gynecological surgery. Gynecological surgeries include benign hysterectomy, myomectomy, and gynecological malignancies. The growth of robotic surgery has increased significantly since the FDA approved the da Vinci Surgical System for gynecological surgery. Additionally, increasing caesarean sections and increasing patient propensity for robotic-assisted minimally invasive procedures are likely to propel the industry.
Related Complications May Hinder Market Growth
Mechanical failure is one of the main risk factors. While the chance of failure is very rare, it cannot be ignored at any time. In some cases, it can cause injuries, cuts or tears in surrounding organs, and nerve damage. Complications associated with automated robotic surgery, such as possible accidental cuts, massive blood loss, lacerations, burns, punctures, or other organ damage, can hinder device adoption. Some procedures, such as neurosurgery, require additional safety and accuracy; any small error can lead to permanent damage to complex organs and, in some cases, death. Rising number of fatalities and injuries due to robotic surgery will also hinder the growth of the surgical robotics market.
Company Overview:
Intuitive is one of the major players operating in the Robotics Surgery market, holding a share of 100% in 2022.
Intuitive
Intuitive Surgical, Inc. is a U.S. company that develops, manufactures and markets robotic products designed to improve clinical outcomes for patients through minimally invasive procedures, is a global technology leader in minimally invasive care and a pioneer in robotic-assisted surgery.
Segmentation Overview:
By type, Accessories segment accounted for the largest share of market in 2022.
Surgical systems
Surgical systems refer to the body of the robot, which typically consists of three main components: the viewing and console used by the surgeon, the vision cart that houses the endoscope and provides visual feedback, and the robotic arm unit of the surgical robot.
Accessories
Accessories for surgical robots to help ensure these devices function properly during surgery. Such as endoscopes, monitor arms, insufflators, cameras, etc., as well as some disposable accessories.
Services
Services refers to a range of services provided by robotics companies, including training and support services, maintenance and repairs, and after-sales services such as software updates and new versions.
Application Overview:
In the Robotics Surgery market, 59.51% of the total value was generated through the Urology segment by application in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Robotics Surgery market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Robotics Surgery Market Report:
Market Size Estimates: Robotics Surgery market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Robotics Surgery market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Robotics Surgery market
Segment Market Analysis: Robotics Surgery market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Robotics Surgery market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Robotics Surgery Market: Revenue and sales volume of major countries in each region
Robotics Surgery Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Robotics Surgery market in major regions.
Robotics Surgery Industry Value Chain: Robotics Surgery market raw materials & suppliers, manufacturing process, distributors, downstream customers
Robotics Surgery Industry News, Policies & Regulations
Key players in the global Robotics Surgery market are covered in Chapter 12:
Intuitive
In Chapter 2 and Chapter 15.1, based on types, the Robotics Surgery market from 2018 to 2028 is primarily split into:
Surgical Systems
Accessories
Services
In Chapter 3 and Chapter 15.2, based on applications, the Robotics Surgery market from 2018 to 2028 covers:
Urology
Gynecology
General Surgery
Thoracic Surgery
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Robotics Surgery market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028