Global Robotic Assisted Surgery Systems Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Robotic Assisted Surgery Systems Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product Type (System (Surgical Robot, Navigation System), Consumable and Accessories, and Software and Services), Application (General Surgery, Cardiovascular, Neurosurgery, Orthopedic Surgery, Laparoscopy, Gynecology and Urology, and Other Applications), End User (Hospitals, Ambulatory Surgery Centers, and Other End Users), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Robotic Assisted Surgery Systems Market was valued at USD 9,540.1 million in 2023 and is expected to reach USD 29,497.4 million by 2031 while growing at a CAGR of 15.2% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global robotic-assisted surgery systems market growth. Robotic-assisted surgery systems integrate robotics, computer technology, and surgical expertise to boost precision in minimally invasive procedures. They assist surgeons, providing greater control and flexibility. Evolving with technological advancements, these systems contribute to improved patient outcomes, expanding the scope of surgeries benefiting from this advanced technology.
Continuous advancements in robotic technology and the rising incidence of chronic diseases like cancer and cardiovascular conditions contribute to substantial growth in the robotic assisted surgery systems market. Despite this, obstacles such as high initial costs, ongoing maintenance expenses, and stringent regulatory approval processes may hinder the market's expansion.
Furthermore, the global robotic-assisted surgery systems industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Type Analysis
The Global Robotic Assisted Surgery Systems Market is segmented among Systems, Consumable and Accessories, and Software and Services, based on Product Type. In 2023, Consumable and Accessories accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Robotic Assisted Surgery Systems Market is segmented among General Surgery, Cardiovascular, Neurosurgery, Orthopedic Surgery, Laparoscopy, Gynecology and Urology, and Other Applications, based on application. In 2023, General Surgery accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Robotic Assisted Surgery Systems Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Intuitive Surgical Inc., Stryker Corporation, Johnson & Johnson Inc., SRI International Inc, Accuray Incorporated, Renishaw PLC, Medtronic PLC, Smith & Nephew PLC, Brainlab, and Globus Medical.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Robotic-Assisted Surgery Systems Market Dynamics
Drivers
Restraints
Opportunity
4. Global Robotic Assisted Surgery Systems Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Robotic Assisted Surgery Systems Market Segmentation, By Product Type
Global Robotic Assisted Surgery Systems Market Share Analysis, By Product Type
Global Robotic Assisted Surgery Systems Market Growth Analysis, By Product Type
Global Robotic Assisted Surgery Systems Market Trends, By Product Type
o System
Ø Surgical Robot
Ø Navigation System
o Consumable and Accessories
o Software and Services
6. Global Robotic Assisted Surgery Systems Market Segmentation, By Application
Global Robotic Assisted Surgery Systems Market Share Analysis, By Application
Global Robotic Assisted Surgery Systems Market Growth Analysis, By Application
Global Robotic Assisted Surgery Systems Market Trends, By Application
o General Surgery
o Cardiovascular
o Neurosurgery
o Orthopedic Surgery
o Laparoscopy
o Gynecology and Urology
o Other Applications
7. Global Robotic Assisted Surgery Systems Market Segmentation, By End User
Global Robotic Assisted Surgery Systems Market Share Analysis, By End User
Global Robotic Assisted Surgery Systems Market Growth Analysis, By End User
Global Robotic Assisted Surgery Systems Market Trends, By End User
o Hospitals
o Ambulatory Surgery Centers
o Other End Users
8. Global Robotic Assisted Surgery Systems Market Segmentation, By Region
Global Robotic Assisted Surgery Systems Market Share Analysis, By Region
Global Robotic Assisted Surgery Systems Market Growth Analysis, By Region
Global Robotic Assisted Surgery Systems Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Intuitive Surgical Inc. *
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Stryker Corporation
BVI
Johnson & Johnson Inc.
SRI International Inc
Accuray Incorporated
Renishaw PLC
Medtronic PLC
Smith & Nephew PLC
Brainlab
Globus Medical
*Similar analysis will be provided for each company listed above.