Robotic Arms Drive Adoption of Surgical Robots

Growing demand for minimally invasive surgeries has triggered the adoption of surgical robots. Equipment manufacturers are tapping into opportunities in robotic arms, systems, and devices to capitalize on the trend. As such, the systems component segment of the surgical robots market is expected to reach a value of ~US$ 4.1 Bn by the end of 2022.

Healthcare providers are increasingly benefitting from the introduction of novel surgical robots, since these machines are gaining clinical approval for challenging surgical operations. According to a survey conducted by the IEEE - an association for electronic engineering, surgical robots are gaining increased acceptance by millennial parents in Asian countries, as compared to the individuals in the U.S. and the U.K. This trend is well justified, since Asia Pacific is projected for aggressive growth during the forecast period.

Manufacturers are collaborating with technologists to improve the efficacy of robots that contribute toward better patient outcomes. Companies are increasing their efficacy in AI and machine learning to make surgical robots a mainstream technique in operating rooms worldwide.

The global surgical robots market is expected to reach a value of ~US$ 13.1 Bn by 2027.

surgical robots market infographic

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FDA-approved Surgical Robots Gain Prominence in Gynecological Surgeries

The surgical robots market is witnessing change with the introduction of AI in operating rooms. As such, surgical robots are anticipated to gain increased prominence in ambulatory surgical centers in the coming years. Operational accuracy of surgical robots is proving productive in gynecological, general, and orthopedic surgeries. Moreover, the gynecological surgery application segment of the surgical robots market is anticipated to reach a value of ~US$ 4.9 Bn by 2027.

Companies are leveraging opportunities in orthopedic and neurosurgical operations, since these sectors are predicted for exponential growth during the forecast period. This trend is leveraged with AI to gain FDA and CE clearance for novel surgical robots. For instance, in January 2019, Intuitive Surgical - a U.S. leader in robotic products, announced its fourth quarter earnings for the FDA-approved da Vinci surgical systems that are gaining increased acceptance in the U.S. healthcare industry landscape.

Apart from the U.S., manufacturers are meeting the needs of healthcare providers for urological procedures.

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Companies Overcome Limitations of Haptic Feedback Using Cutting-edge Sensor Technology

Minimally invasive surgery is a modern technique that helps in executing complex surgical procedures with utmost precision. However, ambiguity associated with the haptic feedback of surgical robots acts as a barrier for its adoption by robot-assisted surgeons.

The surgical robots market is highly consolidated with only two major players accounting to ~90% of the total market share. This is another major challenge faced by emerging players who lack the budget, resources, and expertise to overcome the limitations of the haptic feedback associated with surgical robots.

In order to overcome these issues, companies in the surgical robots market are join forces with haptic sensor manufacturers to gain insights on accurate tissue and organ models. For instance, sensing and test-measurement solutions provider Futek manufactures haptic sensors to support surgical robotic platforms. Thus, emerging players are leveraging this opportunity to collaborate with haptic sensor manufacturers to gain competitive edge over leading players. Manufacturers are increasingly investing in R&D to address design challenges associated with haptic autoclavable sensors by collaborating with multidisciplinary engineering teams.

Improvements in 3D Visualization Technology Boosts Uptake of Robotic Systems

Successful outcomes associated with robotic-assisted surgeries are increasingly replacing conventional surgical procedures. Manufacturers in the surgical robots market are making improvements in 3D visualization to enhance quality of life in patients. Ongoing innovations cater to solutions that integrate the medical device technology with robotic systems to reduce trauma and offer rapid post-surgery healing.

Robotic-assisted surgeries are being increasingly adopted in the U.S. healthcare industry landscape, since the FDA has approved surgical robots for general laparoscopic surgeries. As minimally invasive surgeries are growing popular in globally, manufacturers in the surgical robots market are increasing research to augment high-resolution imaging and superior operative ergonomics in robotic systems.

Since several hospitals, especially in developing economies are restricted with limited budget spending, manufacturers are introducing low-cost surgical robots that eliminate the need for constant maintenance servicing.

surgical robots market segmentation

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Analysts’  Viewpoint

The surgical robots market is expected to expand at a significant CAGR of ~13% during the forecast period. Companies are eyeing high growth opportunities in Europe and Asia Pacific. Surgical robots are being equipped with AI and machine learning technologies for better outcomes.

However, overhead costs associated with advanced surgical robots such as installation, and service and training fees has slowed down the uptake of surgical robots, especially in budget-constrained hospitals of developing economies. Hence, manufacturers should introduce low-cost robotic systems that fit the budget of these hospitals. For instance, Johnson & Johnson - a U.S. multinational corporation has acquired a stake in Verb Surgical, - a California-based medical equipment manufacturer to develop low-cost robotic systems.

Surgical Robots Market: Overview

  • According to Transparency Market Research’s latest market report on the global surgical robots market for the historical period 2017-2018 and forecast period 2019-2027, rise in the per-capita healthcare expenditure, increase in baby boomer and disabled populations, development in healthcare infrastructure in emerging markets, surge in rehabilitation success rate, and reduction in overall cost of healthcare services are anticipated to drive the global surgical robots market
  • According to the report, the surgical robots market was valued at ~US$ 4.2 Bn in 2018 and is projected to expand at a CAGR of ~13% from 2019 to 2027

Technological Advancements and Increase in Purchasing Power of Hospitals: Key Drivers

  • Rise in the disposable income of people in emerging economies is expected to enable them to avail better healthcare facilities. Hence, availability of better medical robots are likely to prompt healthcare service providers to make significant investments in advanced medical automation technologies in order to meet patient needs, improve operational efficiency, and save both service costs and time.
  • Rapid increase in adoption of medical robotic systems can be attributed to a blend of technological improvements, such as usage of more efficient motors, compact & light materials, power back-up, and sophisticated controls & safety mechanisms

Focus on Geographic Expansion

  • Companies in the global market are increasingly turning to in-licensing and collaboration agreements to launch new products in Asia Pacific. Rise in demand for technology-driven solutions, economic growth, surge in disposable income, and increase in awareness about robot-assisted minimal invasive surgeries present significant opportunities for players operating in the global market. Increase in healthcare awareness programs coupled with private wealth is expected to boost Asia Pacific’s healthcare spending by annual average of 6.5% during the forecast period.
  • For instance, in 2018, Intuitive Surgical, Inc. announced the direct operations in India, following seven years of doing business in the country through a distributor, Vattikuti Technologies Pvt. Ltd.
  • In August 2017, Titan Medical extended its agreement with Longtai Medical, Inc. to market, sell, and distribute Titan’s SPORT surgical system in Asia Pacific

High Cost of Medical Robots and Lack of Skilled Personnel to Hamper Global Market

  • The surgical robots market is technology driven. Introduction of new technologies in the market increases demand for these systems due to improved efficiency and outcomes. However, high pricing of these new devices raises the affordability issue, which limits market growth, especially in the developing regions. Moreover, lack of reimbursement affects demand for robotic systems.
  • Robotic surgery has been adopted by patients and doctors in the last decade. However, standardization in training for instrument handling and accreditation guidelines to ensure surgeon competence and patience safety is still lacking. Hence, during clinical practice, failure of robotic procedures have been observed, which results from surgeon’s inability.
  • There has been widespread implementation of robotic systems for minimal invasive surgery. However, a non-negligible number of complications and technical difficulties have still been observed.

Surgical Robots Market: Competition Landscape

  • This report profiles major players in the surgical robots market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The surgical robots market is highly consolidated, with presence of small number of players
  • Leading players in the surgical robots market include -
    • Intuitive Surgical, Inc.
    • Smith & Nephew plc
    • Medtronic plc
    • Stryker Corporation
    • Zimmer Biomet Holdings, Inc.
    • TransEnterix Surgical, Inc.
    • Verb Surgical, Inc. (joint venture between Johnson & Johnson and Google, Inc.)
    • Medicaroid, Inc.
    • TINAVI Medical
    • Medrobotics Corp

Surgical Robots Market: Key Developments

  • Key players in the surgical robots market are engaged in regulatory approvals, introduction of technologically advanced products, acquisitions, and collaborative agreements with other companies. Major developments by key players are likely to fuel the surgical robots market. A few expansion strategies adopted by players operating in the surgical robots market are:
    • In April 2019, Johnson & Johnson acquired Auris Health, Inc. for ~US$ 3.4 Bn in cash. Johnson & Johnson plans to advance its commitment to combatting lung cancer and expand its digital surgery portfolio across multiple surgical specialties.
    • In March 2019, Smith & Nephew acquired Brainlab‘s orthopedic joint reconstruction business and announced plans to unveil a next-generation surgical robotics platform
    • In January 2018, Medrobotics Corp. received the FDA regulatory clearance to market its Flex Robotic System for robot-assisted visualization in general surgical, gynecological, and thoracic procedures in the U.S.
  • The report on the surgical robots market discusses individual strategies, followed by company profiles of manufacturers of surgical robot products. The competitive landscape section has been included in the surgical robots market report to provide readers with a dashboard view and a company market share analysis of key players operating in the surgical robots market.

Surgical Robots Market - Scope of Report

TMR’s report on the global surgical robots market studies past as well as current growth trends and opportunities to gain valuable insights of the same indicators for the market during the forecast period from 2019 to 2027. The report provides revenue of the surgical robots market for the period 2017-2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the surgical robots market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the surgical robots market.

Secondary research also includes Internet sources, statistical data from government agencies, websites, companies’ presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the surgical robots market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on changing competitive dynamics in the surgical robots market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the surgical robots market.

The report delves into the competitive landscape of the surgical robots market. Key players operating in the surgical robots market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the surgical robots market that have been profiled in this report.

Key Questions Answered in Surgical Robots Market Report

  • What is the scope of growth of product companies in the surgical robots market?
  • What will be the Y-o-Y growth of the surgical robots market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the surgical robots market?
  • Will North America continue to remain the most profitable regional market for surgical robot providers?
  • Which factors are anticipated to impede the growth of the surgical robots market during the forecast period?
  • Which are the leading companies in the surgical robots market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the surgical robots market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary methods referred to by analysts during the production of the surgical robots market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the surgical robots market as primary methods.

These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the surgical robots market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the surgical robots market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the surgical robots market more reliably and accurately.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Surgical Robots Market - Segmentation

Component

  • Systems
  • Accessories & Consumables
  • Services

Application

  • Gynecological Surgery
  • Urological Surgery
  • Neurosurgery
  • Orthopedic Surgery
  • General Surgery
  • Others

Method

  • Minimally Invasive
  • Open Surgery

End User

  • Hospitals
  • Ambulatory Surgical Centers

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Surgical Robots Market

4. Market Overview

    4.1. Introduction

        4.1.1. Type Definition

        4.1.2. Industry Evolution / Developments

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Surgical Robots Market Analysis and Forecast, 2017–2027

        4.4.1. Market Revenue Projections (US$ Mn)

    4.5. Porter’s Five Force Analysis

5. Key Insights

    5.1. Regulatory Scenario, by Region/Globally

    5.2. Funding

    5.3. Robotics Mergers & Acquisitions 

    5.4. Pricing Assessment

    5.5. Technological Advancements

    5.6. Recent Developments (Product approval, Installation, Launch, Partnership/Agreement)

6. Global Surgical Robots Market Analysis and Forecast, by Application

    6.1. Introduction & Definition

        6.1.1. Key Findings / Developments

    6.2. Global Surgical Robots Market Value Forecast, by Application, 2017–2027

        6.2.1. Gynecological Surgery 

        6.2.2. Urological Surgery

        6.2.3. Orthopedic Surgery 

        6.2.4. Neurosurgery

        6.2.5. General Surgery

        6.2.6. Others

    6.3. Global Surgical Robots Market Attractiveness, by Application

7. Global Surgical Robots Market Analysis and Forecast, by Component

    7.1. Introduction & Definition

        7.1.1. Key Findings / Developments

    7.2. Global Surgical Robots Market Value Forecast, by Component, 2017–2027

        7.2.1. Systems 

        7.2.2. Accessories & Consumables 

        7.2.3. Services

    7.3. Global Surgical Robots Market Attractiveness, by Component 

8. Global Surgical Robots Market Analysis and Forecast, by End-user 

    8.1. Introduction & Definition

        8.1.1. Key Findings / Developments

    8.2. Global Surgical Robots Market Value Forecast, by End-user, 2017–2027

        8.2.1. Hospitals

        8.2.2. Ambulatory Surgical Centers

    8.3. Global Surgical Robots Market Attractiveness, by End-user 

9. Global Surgical Robots Market Analysis and Forecast, by Method 

    9.1. Introduction & Definition

        9.1.1. Key Findings / Developments

    9.2. Global Surgical Robots Market Value Forecast, by Method, 2017–2027

        9.2.1. Minimally Invasive

        9.2.2. Open Surgery 

    9.3. Global Surgical Robots Market Attractiveness, by Method 

10. Global Surgical Robots Market Analysis and Forecast, by Region

    10.1. Key Findings

    10.2. Global Surgical Robots Market Value Forecast, by Region

        10.2.1. North America 

        10.2.2. Europe 

        10.2.3. Asia Pacific 

        10.2.4. Latin America 

        10.2.5. Middle East & Africa 

    10.3. North America Surgical Robots Market Attractiveness, by Region

11. North America Surgical Robots Market Analysis and Forecast

    11.1. Introduction

        11.1.1. Key Findings

    11.2. North America Surgical Robots Market Value (US$ Mn) Forecast, by Application, 2017–2027

        11.2.1. Gynecological Surgery 

        11.2.2. Urological Surgery

        11.2.3. Orthopedic Surgery 

        11.2.4. Neurosurgery

        11.2.5. General Surgery

        11.2.6. Others

    11.3. North America Surgical Robots Market Value (US$ Mn) Forecast, by Component, 2017–2027

        11.3.1. Systems 

        11.3.2. Accessories & Consumables 

        11.3.3. Services

    11.4. North America Surgical Robots Market Value (US$ Mn) Forecast, by End-user, 2017–2027

        11.4.1. Hospitals

        11.4.2. Ambulatory Surgical Centers

    11.5. North America Surgical Robots Market Value (US$ Mn) Forecast, by Method, 2017–2027

        11.5.1. Minimally Invasive

        11.5.2. Open Surgery 

    11.6. North America Surgical Robots Market Value (US$ Mn) Forecast, by Country, 2017–2027

        11.6.1. U.S.

        11.6.2. Canada

    11.7. North America Surgical Robots Market Attractiveness Analysis 

        11.7.1. By Type 

        11.7.2. By Application

        11.7.3. By Component 

        11.7.4. By End-user 

        11.7.5. By Method 

        11.7.6. By Country

12. Europe Surgical Robots Market Analysis and Forecast

    12.1. Introduction

        12.1.1. Key Findings

    12.2. Europe Surgical Robots Market Value (US$ Mn) Forecast, by Application, 2017–2027

        12.2.1. Gynecological Surgery 

        12.2.2. Urological Surgery

        12.2.3. Orthopedic Surgery 

        12.2.4. Neurosurgery

        12.2.5. General Surgery

        12.2.6. Others

    12.3. Europe Surgical Robots Market Value (US$ Mn) Forecast, by Component, 2017–2027

        12.3.1. Systems 

        12.3.2. Accessories & Consumables 

        12.3.3. Services

    12.4. Europe Surgical Robots Market Value (US$ Mn) Forecast, by End-user, 2017–2027

        12.4.1. Hospitals

        12.4.2. Ambulatory Surgical Centers

    12.5. Europe Surgical Robots Market Value (US$ Mn) Forecast, by Method, 2017–2027

        12.5.1. Minimally Invasive

        12.5.2. Open Surgery 

    12.6. Europe Surgical Robots Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        12.6.1. Germany

        12.6.2. U.K.

        12.6.3. France

        12.6.4. Spain

        12.6.5. Italy

        12.6.6. Rest of Europe 

    12.7. Europe Surgical Robots Market Attractiveness Analysis 

        12.7.1. By Type 

        12.7.2. By Application

        12.7.3. By Component 

        12.7.4. By End-user 

        12.7.5. By Method

        12.7.6. By Country/Sub-region

13. Asia Pacific Surgical Robots Market Analysis and Forecast

    13.1. Introduction

        13.1.1. Key Findings

    13.2. Asia Pacific Surgical Robots Market Value (US$ Mn) Forecast, by Application, 2017–2027

        13.2.1. Gynecological Surgery 

        13.2.2. Urological Surgery

        13.2.3. Orthopedic Surgery 

        13.2.4. Neurosurgery

        13.2.5. General Surgery

        13.2.6. Others

    13.3. Asia Pacific Surgical Robots Market Value (US$ Mn) Forecast, by Component, 2017–2027

        13.3.1. Systems 

        13.3.2. Accessories & Consumables 

        13.3.3. Services

    13.4. Asia Pacific Surgical Robots Market Value (US$ Mn) Forecast, by End-user, 2017–2027

        13.4.1. Hospitals

        13.4.2. Ambulatory Surgical Centers

    13.5. Asia Pacific Surgical Robots Market Value (US$ Mn) Forecast, by Method, 2017–2027

        13.5.1. Minimally Invasive

        13.5.2. Open Surgery 

    13.6. Asia Pacific Surgical Robots Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        13.6.1. China

        13.6.2. Japan

        13.6.3. India

        13.6.4. Australia & New Zealand

        13.6.5. Rest of Asia Pacific 

    13.7. Asia Pacific Surgical Robots Market Attractiveness Analysis 

        13.7.1. By Type 

        13.7.2. By Application

        13.7.3. By Component 

        13.7.4. By End-user 

        13.7.5. By Method

        13.7.6. By Country/Sub-region

14. Latin America Surgical Robots Market Analysis and Forecast

    14.1. Introduction

        14.1.1. Key Findings

    14.2. Latin America Surgical Robots Market Value (US$ Mn) Forecast, by Application, 2017–2027

        14.2.1. Gynecological Surgery 

        14.2.2. Urological Surgery

        14.2.3. Orthopedic Surgery 

        14.2.4. Neurosurgery

        14.2.5. General Surgery

        14.2.6. Others

    14.3. Latin America Surgical Robots Market Value (US$ Mn) Forecast, by Component, 2017–2027

        14.3.1. Systems 

        14.3.2. Accessories & Consumables 

        14.3.3. Services

    14.4. Latin America Surgical Robots Market Value (US$ Mn) Forecast, by End-user, 2017–2027

        14.4.1. Hospitals

        14.4.2. Ambulatory Surgical Centers

    14.5. Latin America Surgical Robots Market Value (US$ Mn) Forecast, by Method, 2017–2027

        14.5.1. Minimally Invasive

        14.5.2. Open Surgery 

    14.6. Latin America Surgical Robots Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        14.6.1. Brazil

        14.6.2. Mexico

        14.6.3. Rest of Latin America Latin America 

    14.7. Latin America Surgical Robots Market Attractiveness Analysis 

        14.7.1. By Type 

        14.7.2. By Application

        14.7.3. By Component 

        14.7.4. By End-user 

        14.7.5. By Method 

        14.7.6. By Country/Sub-region

15. Middle East & Africa Surgical Robots Market Analysis and Forecast

    15.1. Introduction

        15.1.1. Key Findings

    15.2. Middle East & Africa Surgical Robots Market Value (US$ Mn) Forecast, by Application, 2017–2027

        15.2.1. Gynecological Surgery 

        15.2.2. Urological Surgery

        15.2.3. Orthopedic Surgery 

        15.2.4. Neurosurgery

        15.2.5. General Surgery

        15.2.6. Others

    15.3. Middle East & Africa Surgical Robots Market Value (US$ Mn) Forecast, by Component, 2017–2027

        15.3.1. Systems

        15.3.2. Accessories & Consumables

        15.3.3. Services

    15.4. Middle East & Africa Surgical Robots Market Value (US$ Mn) Forecast, by End-user, 2017–2027

        15.4.1. Hospitals

        15.4.2. Ambulatory Surgical Centers

    15.5. Middle East & Africa Surgical Robots Market Value (US$ Mn) Forecast, by Method, 2017–2027

        15.5.1. Minimally Invasive

        15.5.2. Open Surgery 

    15.6. Middle East & Africa Surgical Robots Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        15.6.1. GCC Countries

        15.6.2. South Africa

        15.6.3. Rest of Middle East & Africa 

    15.7. Middle East & Africa Surgical Robots Market Attractiveness Analysis 

        15.7.1. By Type 

        15.7.2. By Application

        15.7.3. By Component 

        15.7.4. By End-user 

        15.7.5. By Method 

        15.7.6. By Country/Sub-region

16. Competition Landscape

    16.1. Market Player - Competition Matrix (by Tier and Size of companies)

    16.2. Market Share / Position Analysis by Company (2016)

    16.3. Competitive Business Strategies

    16.4. Company Profiles

        16.4.1. Intuitive Surgical, Inc.

            16.4.1.1. Company Overview (HQ, Business Segments, Employee Strength)

            16.4.1.2. Growth Strategies

            16.4.1.3. SWOT Analysis

        16.4.2. Smith & Nephew plc

            16.4.2.1. Company Overview (HQ, Business Segments, Employee Strength)

            16.4.2.2. Growth Strategies

            16.4.2.3. SWOT Analysis

        16.4.3. Medtronic plc

            16.4.3.1. Company Overview (HQ, Business Segments, Employee Strength)

            16.4.3.2. Growth Strategies

            16.4.3.3. SWOT Analysis

        16.4.4. Stryker Corporation

            16.4.4.1. Company Overview (HQ, Business Segments, Employee Strength)

            16.4.4.2. Growth Strategies

            16.4.4.3. SWOT Analysis

        16.4.5. Zimmer Biomet Holdings, Inc.

            16.4.5.1. Company Overview (HQ, Business Segments, Employee Strength)

            16.4.5.2. Growth Strategies

            16.4.5.3. SWOT Analysis

        16.4.6. TransEnterix Surgical, Inc.

            16.4.6.1. Company Overview (HQ, Business Segments, Employee Strength)

            16.4.6.2. Growth Strategies

            16.4.6.3. SWOT Analysis 

        16.4.7. Titan Medical, Inc.

            16.4.7.1. Company Overview (HQ, Business Segments, Employee Strength)

            16.4.7.2. Growth Strategies

            16.4.7.3. SWOT Analysis

        16.4.8. TINAVI Medical

            16.4.8.1. Company Overview (HQ, Business Segments, Employee Strength)

            16.4.8.2. Growth Strategies

            16.4.8.3. SWOT Analysis

        16.4.9. Medrobotics Corporation

            16.4.9.1. Company Overview (HQ, Business Segments, Employee Strength)

            16.4.9.2. Growth Strategies

            16.4.9.3. SWOT Analysis

List of Tables

Table 1: Global Surgical Robot Market Value (US$ Mn) Forecast, by Component, 2017–2027

Table 2: Global Surgical Robot Market Value (US$ Mn) Forecast, by Application, 2017–2027

Table 3: Global Surgical Robot Market Value (US$ Mn) Forecast, by Method, 2017–2027

Table 4: Global Surgical Robot Market Value (US$ Mn) Forecast, by End-user, 2017–2027

Table 5: Global Surgical Robot Market Value (US$ Mn) Forecast, by Region, 2017–2027

Table 6: North America Surgical Robot Market Value (US$ Mn) Forecast, by Component, 2017–2027

Table 7: North America Surgical Robot Market Value (US$ Mn) Forecast, by Application, 2017–2027

Table 8: North America Surgical Robot Market Value (US$ Mn) Forecast, by Method, 2017–2027

Table 9: North America Surgical Robot Market Value (US$ Mn) Forecast, by End-user, 2017–2027

Table 10: North America Surgical Robot Market Value (US$ Mn) Forecast, by Country, 2017–2027

Table 11: Europe Surgical Robot Market Value (US$ Mn) Forecast, by Component, 2017–2027

Table 12: Europe Surgical Robot Market Value (US$ Mn) Forecast, by Application, 2017–2027

Table 13: Europe Surgical Robot Market Value (US$ Mn) Forecast, by Method, 2017–2027

Table 14: Europe Surgical Robot Market Value (US$ Mn) Forecast, by End-user, 2017–2027

Table 15: Europe Surgical Robot Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

Table 16: Asia Pacific Surgical Robot Market Value (US$ Mn) Forecast, by Component, 2017–2027

Table 17: Asia Pacific Surgical Robot Market Value (US$ Mn) Forecast, by Application, 2017–2027

Table 18: Asia Pacific Surgical Robot Market Value (US$ Mn) Forecast, by Method, 2017–2027

Table 19: Asia Pacific Surgical Robot Market Value (US$ Mn) Forecast, by End-user, 2017–2027

Table 20: Asia Pacific Surgical Robot Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

Table 21: Latin America Surgical Robot Market Value (US$ Mn) Forecast, by Component, 2017–2027

Table 22: Latin America Surgical Robot Market Value (US$ Mn) Forecast, by Application, 2017–2027

Table 23: Latin America Surgical Robot Market Value (US$ Mn) Forecast, by Method, 2017–2027

Table 24: Latin America Surgical Robot Market Value (US$ Mn) Forecast, by End-user, 2017–2027

Table 25: Latin America Surgical Robot Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

Table 26: Middle East & Africa Surgical Robot Market Value (US$ Mn) Forecast, by Component, 2017–2027

Table 27: Middle East & Africa Surgical Robot Market Value (US$ Mn) Forecast, by Application, 2017–2027

Table 28: Middle East & Africa Surgical Robot Market Value (US$ Mn) Forecast, by Method, 2017–2027

Table 29: Middle East & Africa Surgical Robot Market Value (US$ Mn) Forecast, by End-user, 2017–2027

Table 30: Middle East & Africa Surgical Robot Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

List of Figures

Figure 01: Global Surgical Robot Market Value (US$ Mn) and Distribution (%), by Region, 2018 and 2027

Figure 02: Global Surgical Robot Market Value (US$ Mn) Forecast, 2017–2027

Figure 03: Global Surgical Robot Market Value Share Analysis, by Component, 2018 and 2027

Figure 04: Global Surgical Robot Market Attractiveness Analysis, by Component, 2019–2027

Figure 05: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Robotic Systems, 2017–2027

Figure 06: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Accessories & Consumables, 2017–2027

Figure 07: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Services, 2017–2027

Figure 08: Global Surgical Robot Market Value Share Analysis, by Application, 2018 and 2027

Figure 09: Global Surgical Robot Market Attractiveness Analysis, by Application, 2019–2027

Figure 10: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Gynecological Surgery, 2017–2027

Figure 11: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Urological Surgery, 2017–2027

Figure 12: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Neurosurgery, 2017–2027

Figure 13: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Orthopedic Surgery, 2017–2027

Figure 14: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by General Surgery, 2017–2027

Figure 15: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Others, 2017–2027

Figure 16: Global Surgical Robot Market Value Share Analysis, by Method, 2018 and 2027

Figure 17: Global Surgical Robot Market Attractiveness Analysis, by Method, 2019–2027

Figure 18: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Minimally Invasive, 2017–2027

Figure 19: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Open Surgery, 2017–2027

Figure 20: Global Surgical Robot Market Value Share Analysis, by End-user, 2018 and 2027

Figure 21: Global Surgical Robot Market Attractiveness Analysis, by End-user, 2019–2027

Figure 22: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Hospitals, 2017–2027

Figure 23: Global Surgical Robot Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Ambulatory Surgical Centers, 2017–2027

Figure 24: Global Surgical Robot Market Value Share, by Region, 2018 and 2027

Figure 25: Global Surgical Robot Market Attractiveness, by Region, 2019–2027

Figure 26: North America Surgical Robot Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

Figure 27: North America Surgical Robot Market Value Share Analysis, by Component, 2018 and 2027

Figure 28: North America Surgical Robot Market Attractiveness Analysis, by Component, 2019–2027

Figure 29: North America Surgical Robot Market Value Share Analysis, by Application, 2018 and 2027

Figure 30: North America Surgical Robot Market Attractiveness Analysis, by Application, 2019–2027

Figure 31: North America Surgical Robot Market Value Share Analysis, by Method, 2018 and 2027

Figure 32: North America Surgical Robot Market Attractiveness Analysis, by Method, 2019–2027

Figure 33: North America Surgical Robot Market Value Share Analysis, by End-user, 2018 and 2027

Figure 34: North America Surgical Robot Market Attractiveness Analysis, by End-user, 2019–2027

Figure 35: North America Surgical Robot Market Value Share Analysis, by Country, 2018 and 2027

Figure 36: North America Surgical Robot Market Attractiveness Analysis, by Country, 2019–2027

Figure 37: Europe Surgical Robot Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

Figure 38: Europe Surgical Robot Market Value Share Analysis, by Component, 2018 and 2027

Figure 39: Europe Surgical Robot Market Attractiveness Analysis, by Component, 2019–2027

Figure 40: Europe Surgical Robot Market Value Share Analysis, by Application, 2018 and 2027

Figure 41: Europe Surgical Robot Market Attractiveness Analysis, by Application, 2019–2027

Figure 42: Europe Surgical Robot Market Value Share Analysis, by Method, 2018 and 2027

Figure 43: Europe Surgical Robot Market Attractiveness Analysis, by Method, 2019–2027

Figure 44: Europe Surgical Robot Market Value Share Analysis, by End-user, 2018 and 2027

Figure 45: Europe Surgical Robot Market Attractiveness Analysis, by End-user, 2019–2027

Figure 46: Europe Surgical Robot Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

Figure 47: Europe Surgical Robot Market Attractiveness Analysis, by Country/Sub-region, 2019–2027

Figure 48: Asia Pacific Surgical Robot Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

Figure 49: Asia Pacific Surgical Robot Market Value Share Analysis, by Component, 2018 and 2027

Figure 50: Asia Pacific Surgical Robot Market Attractiveness Analysis, by Component, 2019–2027

Figure 51: Asia Pacific Surgical Robot Market Value Share Analysis, by Application, 2018 and 2027

Figure 52: Asia Pacific Surgical Robot Market Attractiveness Analysis, by Application, 2019–2027

Figure 53: Asia Pacific Surgical Robot Market Value Share Analysis, by Method, 2018 and 2027

Figure 54: Asia Pacific Surgical Robot Market Attractiveness Analysis, by Method, 2019–2027

Figure 55: Asia Pacific Surgical Robot Market Value Share Analysis, by End-user, 2018 and 2027

Figure 56: Asia Pacific Surgical Robot Market Attractiveness Analysis, by End-user, 2019–2027

Figure 57: Asia Pacific Surgical Robot Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

Figure 58: Asia Pacific Surgical Robot Market Attractiveness Analysis, by Country/Sub-region, 2019–2027

Figure 59: Latin America Surgical Robot Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

Figure 60: Latin America Surgical Robot Market Value Share Analysis, by Component, 2018 and 2027

Figure 61: Latin America Surgical Robot Market Attractiveness Analysis, by Component, 2019–2027

Figure 62: Latin America Surgical Robot Market Value Share Analysis, by Application, 2018 and 2027

Figure 63: Latin America Surgical Robot Market Attractiveness Analysis, by Application, 2019–2027

Figure 64: Latin America Surgical Robot Market Value Share Analysis, by Method, 2018 and 2027

Figure 65: Latin America Surgical Robot Market Attractiveness Analysis, by Method, 2019–2027

Figure 66: Latin America Surgical Robot Market Value Share Analysis, by End-user, 2018 and 2027

Figure 67: Latin America Surgical Robot Market Attractiveness Analysis, by End-user, 2019–2027

Figure 68: Latin America Surgical Robot Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

Figure 69: Latin America Surgical Robot Market Attractiveness Analysis, by Country/Sub-region, 2019–2027

Figure 70: Middle East & Africa Surgical Robot Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

Figure 71: Middle East & Africa Surgical Robot Market Value Share Analysis, by Component, 2018 and 2027

Figure 72: Middle East & Africa Surgical Robot Market Attractiveness Analysis, by Component, 2019–2027

Figure 73: Middle East & Africa Surgical Robot Market Value Share Analysis, by Application, 2018 and 2027

Figure 74: Middle East & Africa Surgical Robot Market Attractiveness Analysis, by Application, 2019–2027

Figure 75: Middle East & Africa Surgical Robot Market Value Share Analysis, by Method, 2018 and 2027

Figure 76: Middle East & Africa Surgical Robot Market Attractiveness Analysis, by Method, 2019–2027

Figure 77: Middle East & Africa Surgical Robot Market Value Share Analysis, by End-user, 2018 and 2027

Figure 78: Middle East & Africa Surgical Robot Market Attractiveness Analysis, by End-user, 2019–2027

Figure 79: Middle East & Africa Surgical Robot Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

Figure 80: Middle East & Africa Surgical Robot Market Attractiveness Analysis, by Country/Sub-region, 2019–2027

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Surgical Robots Market