The surgical robots market in North America is expected to grow from US$ 3,209.61 million in 2022 to US$ 7,402.91 million by 2028; it is estimated to grow at a CAGR of 14.9% from 2022 to 2028.
Additionally, smaller systems such as the SurgiBot-SPIDER (Single-Port Instrument Delivery Extended Research) systems are being developed, which are significantly less expensive and have not yet gained FDA approval. The Minimally Invasive Neurosurgical Intracranial Robot (MINIR) is one of the newer robots used to remove brain tumors, based on a CTSM with SMA actuators. The flex system uses cables with variable tension to modulate the flexibility of the endoscope, allowing many procedures to be carried out while using only a fraction of the space required by the da Vinci system. The above-mentioned factors are creating growth opportunities for the surgical robots market during the forecast period.
Additionally, smaller systems such as the SurgiBot-SPIDER (Single-Port Instrument Delivery Extended Research) systems are being developed, which are significantly less expensive and have not yet gained FDA approval. The Minimally Invasive Neurosurgical Intracranial Robot (MINIR) is one of the newer robots used to remove brain tumors, based on a CTSM with SMA actuators. The flex system uses cables with variable tension to modulate the flexibility of the endoscope, allowing many procedures to be carried out while using only a fraction of the space required by the da Vinci system. The above-mentioned factors are creating growth opportunities for the surgical robots market during the forecast period.
Market Overview
North America holds the largest share of the global surgical robot market. The market in the region is growing due to the rising number of surgical procedures associated with colorectal and urological conditions and increasing healthcare expenditure. The surgical robots market in the US is expected to grow during the forecast period owing to a huge demand for technologically advanced products ensuring better healthcare delivery for newborns. The value-based healthcare model has led to the development of well-equipped NICU centers along with an increasing number of approvals for newborn care devices from the FDA.North America Surgical Robots Market Segmentation
The North America surgical robots market is segmented on the basis of component, application, end user, and country.- Based on component, the market is segmented into instruments & accessories, robotic systems, and services. The instruments & accessories segment held the largest market share in 2022. -Based on application, the North America surgical robots market is segmented into urological surgery, orthopedic surgery, general surgery, gynecological surgery, cardiothoracic surgery, neurosurgery, and others. The urological surgery segment held the largest market share in 2022.
- Based on end user, the North America surgical robots market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment held the largest market share in 2022.
- Based on country, the North America surgical robots market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022. Intuitive Surgical; Smith+Nephew; Johnson & Johnson Services, Inc.; Stryker; Zimmer Biomet; Medtronic; Siemens Healthineers AG; Asensus Surgical, Inc.; and Renishaw plc are among the leading companies operating in the North America surgical robots market.
Table of Contents
1. Introduction
3. Research Methodology
4. North America Surgical Robots Market - Market Landscape
5. North America Surgical Robots Market - Key Market Dynamics
6. Surgical Robots Market - North America Analysis
7. North America Surgical Robots Market - by Component
8. North America Surgical Robots Market - By Application
9. North America Surgical Robots Market - By End User
10. North America Surgical Robots Market - by Country
11. Surgical Robots Market -Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
- Intuitive Surgical
- Smith+Nephew
- Johnson & Johnson Services, Inc.
- Stryker
- Zimmer Biomet
- Medtronic
- Siemens Healthineers Ag
- Think Surgical
- Asensus Surgical, Inc.
- Renishaw Plc
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 134 |
Published | November 2022 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( $ | $ 3209.61 Million |
Forecasted Market Value ( $ | $ 7402.91 Million |
Compound Annual Growth Rate | 14.9% |
Regions Covered | North America |
No. of Companies Mentioned | 10 |