Surgical Robots Market (By Product: Surgical System, Instruments & Accessories, Services & Maintenance; By Application: Gynecology Surgery, Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Others; By End User: Hospitals, Ambulatory Surgical Center, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global surgical robots market size is expected to reach around US$ 13.7 Bn by 2026 and growing at a CAGR of around 10.4% over the forecast period 2019 to 2026.

A surgical robot is a self-fueled, PC controlled gadget that can be modified to help in the situating and control of careful instruments, empowering the specialist to complete increasingly complex tasks. Frameworks as of now being used are not expected to act freely from human specialists or to supplant them. Rather, these machines go about as remote expansions totally administered by the specialist and in this manner are best depicted as ace slave controllers. As innovative headways consistently develop throughout the decades, the medical procedure has substantiated itself as a modern control fit for treating plenty of sicknesses and conditions.

Market Dynamics

Considering the current market scenario, the market is changing due to technological advancement in the areas of 3D-imaging, high definition microscopic cameras, data recorders data analytic systems, motion sensors, remote navigation systems, robotic controlled catheters and other accessories useful for surgeries. Further, the field of careful therapeutic claim to fame has been heartily created to give an inside and out and exact clinical result for suppliers just as patients and to improve careful work process designs for social insurance frameworks. As of now, the social insurance framework is receiving further developed innovations that are progressively educated and associated when contrasted with the prior occasions. The utilization of a careful automated framework offers a more secure surgery by making it increasingly precise and insignificantly obtrusive for patients. During the most recent decade and a half, automated helped medical procedure has prompted littler scars, less agony, and quicker recuperations for patients. Simultaneously, specialists utilizing this innovation have profited by having the option to perform medical procedures in a progressively agreeable position, while additionally encountering more prominent perception and upgraded accuracy. With these advantages, automated helped medical procedures are turning out to be progressively normal around the world, especially in the United States, where in excess of 67% of all of Intuitive Surgical's da Vinci robots are introduced.

By end user, hospitals segment dominated the surgical robots market

Based on end user the market is segmented into hospitals, ambulatory surgical center. Hospitals accounts for the largest contributing segment as hospitals are using these surgical robots specifically for procedures such as hysterectomy, prostatectomy, hernia repair, colon, cholecystectomy, rectal procedures, sacrocolpopexy, mitral valve repair, nephrectomy, and transoral robotic surgery. There has been a growing demand for robots within the hospital environment that assist doctors and nurses with their tasks. These tasks can range from everyday menial task to diagnosis to actual complex surgery.

Based on surgery type, the cardiovascular surgery segment is expected to dominate during the forecast period

Cardiovascular surgery segment has dominated the surgery type segment in the year 2018 and the segment is projected to maintain its dominance over the forecast period from 2019 to 2026. Automated heart medical procedure offers a few focal points, for example, keeping the breastbone/sternum unblemished, making littler cuts, and limiting blood misfortune. Significant focuses have received the da Vinci Surgical System for performing automated heart medical procedures, and have enlisted astounding outcomes. The kinds of cardiovascular medical procedures performed by automated frameworks are mitral valve, fix or substitution, atrial septum imperfection conclusion, tricuspid valve fix, labyrinth system to treat atrial fibrillation, and coronary supply route sidestep. Further the cardiovascular segment is going to increase due to the heart disease which is still the largest disease worldwide and so many heart patients exist.

The market research study on “Global Surgical Robots Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global surgical robots market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global surgical robots market, its market product, application, end user, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global surgical robots market size and volume, and segment markets by market product, application, end user, and geography along with the information on companies operating in the market. The global surgical robots market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

In 2018, North America dominated the regional market with a maximum market share

North America accounted for the high market share of the global surgical robots market and the region is also expected to maintain its dominance over the forecast period. Some major factors contributing to this growth are, increasing number of hospitals that are opting for robot-assisted surgeries, high healthcare spending by the U.S. government and growing robotic investments in the region. As per the Robotic Industries Association, the robot sales in the U.S. has been growing continuously in applications such as surgeries, automotive, wearable devices and military.

The key companies involved in the market includes Auris Health, Inc. (Johnson and Johnson), CMR Surgical Limited, Corindus Vascular Robotics, Inc., Globus Medical, Inc., Intuitive Surgical, Inc., Mazor Robotics Ltd. (Medtronic plc), Medrobotics Corporation, Medtech SA (Zimmer Biomet Holdings, Inc.), Meerecompany Inc., and Memic Medical Ltd.

Market Segmentation

Market By Product

• Surgical System
• Instruments & Accessories
• Services & Maintenance

Market By Application

• Gynecology Surgery
• Urology Surgery
• Neurosurgery
• Orthopedic Surgery
• General Surgery
• Others

Market By End User

• Hospitals
• Ambulatory Surgical Center
• Others

Market By Geography

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa