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Robotic Surgery Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 245 Pages
  • January 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5934407
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North America Emerges as Leading Contributor to Global Robotic Surgery Systems Market

The robotic surgery system market in North America showcases the region's strong inclination towards advanced technologies, emerging as the highest contributor to the global robotic surgery systems market's growth. According to projections from Persistence Market Research, the North America robotic surgery systems market is poised to reach a market value of US$4,000 Mn by the end of 2026.

Shift Towards Minimally Invasive Surgeries Drives Market

Previously, before the introduction of robotic surgery systems, approximately 95% of prostatectomies were performed with open incisions. Minimally invasive surgery was not a viable option for such procedures. However, with the advent of robotically assisted minimally invasive surgeries, over 85% of prostatectomies in the U.S. are now performed using this advanced technology. This shift not only benefits patients in terms of cost-effective treatment but also reflects their increasing preference for this innovative approach.

Favorable Reimbursement Scenario Boosts European Market

In Europe, the robotic surgery systems market is bolstered by a favorable reimbursement scenario. Government and regulatory bodies in various countries are adopting cost containment measures to alleviate healthcare burdens, particularly in developed economies. Europe's healthcare landscape includes several third-party providers that offer reimbursements for medical procedures, simplifying the reimbursement process for patients. Additionally, many hospitals in the region receive public funding, further streamlining reimbursement procedures. As the adoption of robotic surgery continues to rise, it proves to be a cost-efficient alternative to traditional surgeries. Among European regions, Germany stands out as the dominant market and is expected to remain the most lucrative with a market attractiveness index of 1.9.

Challenges in Regulatory Compliance and Safety Concerns

One of the significant challenges facing the robotic surgery systems market is the complexity of obtaining regulatory approvals. Companies must navigate regulatory processes and seek permissions from respective country authorities when developing or modifying products. These systems also require additional testing, certification, and modifications to meet revised regulations, complicating product exportation.

Furthermore, negative publicity surrounding robotic surgical systems has raised concerns about their efficacy and patient safety. Public officials have questioned the safety and effectiveness of robotic surgeries, potentially hindering the global acceptance of these systems. Such challenges may lead to decreased product demand, a decline in sales revenue, and an increase in product liability claims, regardless of their relevance.

Market Segmentation

By Component

  • Robotic Surgery System
  • Maintenance Service

By Application

  • Urology
  • Gynecology
  • General Surgery
  • Thoracic Surgery
  • Cardiac Surgery
  • Neurosurgery
  • Others

By End User

  • Hospitals
  • Research Centers

By Region

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


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Table of Contents

1. Executive Summary
1.1. Global Robotic Surgery Systems Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Robotic Surgery Systems Market Outlook, 2018 - 2031
3.1. Global Robotic Surgery Systems Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Robotic Surgery Systems System
3.1.1.2. Maintenance Service
3.2. Global Robotic Surgery Systems Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Urology
3.2.1.2. Gynecology
3.2.1.3. General Surgery
3.2.1.4. Thoracic Surgery
3.2.1.5. Cardiac Surgery
3.2.1.6. Neurosurgery
3.2.1.7. Others
3.3. Global Robotic Surgery Systems Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Hospitals
3.3.1.2. Research Centers
3.4. Global Robotic Surgery Systems Market Outlook, by Region, Value (US$ Mn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Robotic Surgery Systems Market Outlook, 2018 - 2031
4.1. Global Robotic Surgery Systems Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Robotic Surgery Systems System
4.1.1.2. Maintenance Service
4.2. North America Robotic Surgery Systems Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Urology
4.2.1.2. Gynecology
4.2.1.3. General Surgery
4.2.1.4. Thoracic Surgery
4.2.1.5. Cardiac Surgery
4.2.1.6. Neurosurgery
4.2.1.7. Others
4.3. North America Robotic Surgery Systems Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Hospitals
4.3.1.2. Research Centers
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Robotic Surgery Systems Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
4.4.1.2. U.S. Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
4.4.1.3. U.S. Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
4.4.1.4. Canada Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
4.4.1.5. Canada Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
4.4.1.6. Canada Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Robotic Surgery Systems Market Outlook, 2018 - 2031
5.1. Europe Robotic Surgery Systems Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Robotic Surgery Systems System
5.1.1.2. Maintenance Service
5.2. Europe Robotic Surgery Systems Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Urology
5.2.1.2. Gynecology
5.2.1.3. General Surgery
5.2.1.4. Thoracic Surgery
5.2.1.5. Cardiac Surgery
5.2.1.6. Neurosurgery
5.2.1.7. Others
5.3. Europe Robotic Surgery Systems Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Hospitals
5.3.1.2. Research Centers
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Robotic Surgery Systems Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.2. Germany Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.3. Germany Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.4. U.K. Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.5. U.K. Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.6. U.K. Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.7. France Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.8. France Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.9. France Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.10. Italy Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.11. Italy Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.12. Italy Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.13. Turkey Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.14. Turkey Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.15. Turkey Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.16. Russia Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.17. Russia Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.18. Russia Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.19. Rest of Europe Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.20. Rest of Europe Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.21. Rest of Europe Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Robotic Surgery Systems Market Outlook, 2018 - 2031
6.1. Asia Pacific Robotic Surgery Systems Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Robotic Surgery Systems System
6.1.1.2. Maintenance Service
6.2. Asia Pacific Robotic Surgery Systems Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Urology
6.2.1.2. Gynecology
6.2.1.3. General Surgery
6.2.1.4. Thoracic Surgery
6.2.1.5. Cardiac Surgery
6.2.1.6. Neurosurgery
6.2.1.7. Others
6.3. Asia Pacific Robotic Surgery Systems Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Hospitals
6.3.1.2. Research Centers
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Robotic Surgery Systems Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. China Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.2. China Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.3. China Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.4. Japan Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.5. Japan Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.6. Japan Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.7. South Korea Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.8. South Korea Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.9. South Korea Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.10. India Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.11. India Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.12. India Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.13. Southeast Asia Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.14. Southeast Asia Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.15. Southeast Asia Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.16. Rest of Asia Pacific Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.17. Rest of Asia Pacific Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.18. Rest of Asia Pacific Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Robotic Surgery Systems Market Outlook, 2018 - 2031
7.1. Latin America Robotic Surgery Systems Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Robotic Surgery Systems System
7.1.1.2. Maintenance Service
7.2. Latin America Robotic Surgery Systems Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
7.2.1. Key Highlights
7.2.1.1. Urology
7.2.1.2. Gynecology
7.2.1.3. General Surgery
7.2.1.4. Thoracic Surgery
7.2.1.5. Cardiac Surgery
7.2.1.6. Neurosurgery
7.2.1.7. Others
7.3. Latin America Robotic Surgery Systems Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Hospitals
7.3.1.2. Research Centers
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Robotic Surgery Systems Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
7.4.1.2. Brazil Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.3. Brazil Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
7.4.1.4. Mexico Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
7.4.1.5. Mexico Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.6. Mexico Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
7.4.1.7. Argentina Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
7.4.1.8. Argentina Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.9. Argentina Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
7.4.1.10. Rest of Latin America Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
7.4.1.11. Rest of Latin America Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.12. Rest of Latin America Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Robotic Surgery Systems Market Outlook, 2018 - 2031
8.1. Middle East & Africa Robotic Surgery Systems Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Robotic Surgery Systems System
8.1.1.2. Maintenance Service
8.2. Middle East & Africa Robotic Surgery Systems Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Urology
8.2.1.2. Gynecology
8.2.1.3. General Surgery
8.2.1.4. Thoracic Surgery
8.2.1.5. Cardiac Surgery
8.2.1.6. Neurosurgery
8.2.1.7. Others
8.3. Middle East & Africa Robotic Surgery Systems Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. Hospitals
8.3.1.2. Research Centers
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Robotic Surgery Systems Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
8.4.1.2. GCC Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.3. GCC Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.4. South Africa Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
8.4.1.5. South Africa Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.6. South Africa Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.7. Egypt Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
8.4.1.8. Egypt Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.9. Egypt Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.10. Nigeria Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
8.4.1.11. Nigeria Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.12. Nigeria Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.13. Rest of Middle East & Africa Robotic Surgery Systems Market by Component, Value (US$ Mn), 2018 - 2031
8.4.1.14. Rest of Middle East & Africa Robotic Surgery Systems Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.15. Rest of Middle East & Africa Robotic Surgery Systems Market by End User, Value (US$ Mn), 2018 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Manufacturer vs by Application Heatmap
9.2. Company Market Share Analysis, 2022
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Intuitive Surgical, Inc
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Auris Surgical Robotics
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. Medtech SA (Sub. Zimmer Biomet)
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. Accuracy Inc.
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. Smith & Nephew plc
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. Stryker Corporation.
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. Corindus Vascular Robotics
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Renishaw plc.
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. Mazor Robotics
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. TransEnterix Surgical, Inc.
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

  • Intuitive Surgical, Inc
  • Auris Surgical Robotics
  • Medtech SA (Sub. Zimmer Biomet)
  • Accuracy Inc.
  • Smith & Nephew plc
  • Stryker Corporation.
  • Corindus Vascular Robotics
  • Renishaw plc.
  • Mazor Robotics
  • TransEnterix Surgical, Inc.

Methodology

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