Surgical Robotics Market Size, Share, Growth Analysis, By Component(Systems, Accessories, Services), By Surgery Type(Gynaecology Surgery, Urology Surgery, Neurosurgery, Orthopaedic Surgery), By End User(Hospitals, Ambulatory surgical centers), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2024-2031

Surgical Robotics Market Competitive Landscape

To understand the competitive landscape, we are analyzing key Surgical Robotics Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Surgical Robotics Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

• surgical robotics market has seen remarkable growth, with an estimated value of US$ 5.36 billion in 2021. This surge can be attributed to the increasing adoption of robotic-assisted surgeries, driven by technological advancements and a growing preference for minimally invasive procedures. Surgical robotics systems offer enhanced precision, flexibility, and improved patient outcomes, making them attractive to both healthcare providers and patients. As a result, the market is expected to experience further expansion and is projected to reach approximately US$ 21.3 billion by 2030, exhibiting a strong compound annual growth rate (CAGR) of 16.57% during the forecast period from 2022 to 2030. Factors such as rising incidences of chronic diseases, an aging population, and the need for more precise and efficient surgical interventions are likely to fuel the demand for surgical robotics systems across various medical specialties. Additionally, ongoing research and development efforts aimed at advancing robotic technologies and making them more accessible are expected to contribute to the market's steady growth trajectory. However, challenges related to high costs and the need for skilled personnel may present some obstacles, which can be addressed through continued innovation and training programs in the field of robotic surgery.
• This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
• Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
• The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
• To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
• Surgical Robotics Market : Risk Analysis
• SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Surgical Robotics Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Surgical Robotics Market's supply chain, distribution, and total revenue growth.
• Competitive landscaping:
• To understand the competitive landscape, we are analyzing key Surgical Robotics Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Surgical Robotics Market.
• To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.
• SkyQuest's Expertise:
• The Surgical Robotics Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.
• Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.
• KEY MARKET SEGMENTS
• By Component
• Systems
• Accessories
• Services
• By Surgery Type
• Gynaecology Surgery
• Urology Surgery
• Neurosurgery
• Orthopaedic Surgery
• Knee
• Hip
• Spine
• Others
• General Surgery
• Other Surgeries
• By End User
• Hospitals
• Ambulatory surgical centers
• By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• KEY MARKET PLAYERS
• Medrobotics
• Renishaw plc.
• TransEnterix Surgical, Inc.
• Intuitive Surgical
• Medtronic plc.
• THINK Surgical Inc.
• Zimmer Biomet Holdings Inc.
• Smith & Nephew Plc. (Blue Belt Technologies, Inc.)
• Auris Surgical Robotics, Inc. (Hansen Medical Inc.)
• Intuitive Surgical, Inc.
• KUKA AG
• Stryker Corporation (MAKO Surgical Corp.)
• Mazor Robotics