North America Neurosurgical Robotics Market 2022-2032 by Offering (Robotic Systems, Instruments and Accessories, Services), Equipment Type (Robot Machines, Navigation, Planners and Simulators, Others), Application (Spinal, Cranial), Surgery Type (Open, MIS), End User (Hospitals, ASCs, Others), and Country: Trend Forecast and Growth Opportunity
North America neurosurgical robotics market is projected to grow by 16.4% annually in the forecast period and reach $3.53 billion by 2032, driven by the rising number of robot-based and computer-assisted neurosurgical procedures, the advantages of neurosurgical robots, technological innovation and growing R&D investment, and the decreasing price of neurosurgical robotics.
Highlighted with 39 tables and 42 figures, this 110-page report “North America Neurosurgical Robotics Market 2022-2032 by Offering (Robotic Systems, Instruments and Accessories, Services), Equipment Type (Robot Machines, Navigation, Planners and Simulators, Others), Application (Spinal, Cranial), Surgery Type (Open, MIS), End User (Hospitals, ASCs, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America neurosurgical robotics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America neurosurgical robotics market in every aspect of the classification from perspectives of Offering, Equipment Type, Application, Surgery Type, End User, and Country.
Based on Offering, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Robotic Systems
• Instruments and Accessories
• System Services
Based on Equipment Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Robot Machines
• Navigation Systems
• Planners and Simulators
• Other Equipment Types
By Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Spinal Surgery
• Cranial Surgery
By Surgery Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Open Surgery
• Minimally Invasive Surgery (MIS)
By End User, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hospitals
• Ambulatory Surgical Centers (ASCs)
• Other End Users
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Offering, Application, and End User over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Brainlab AG
DePuy Synthes (Johnson & Johnson)
Mazor Robotics Ltd.
Medtronic Inc.
Renishaw plc
Shenzhen Institutes of Advanced Technology (SIAT)
Siemens Healthineers
Simbionix USA Corp.
SONOWAND AS
Stryker Corp. / MAKO
Synaptive Medical, Inc.
Zimmer Biomet Holdings, Inc. / Medtech
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 18
2.1 Market Size and Forecast 18
2.1.1 Impact of COVID-19 on World Economy 19
2.1.2 Impact of COVID-19 on the Market 22
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 24
2.2 Major Growth Drivers 28
2.3 Market Restraints and Challenges 34
2.4 Emerging Opportunities and Market Trends 37
2.5 Porter’s Fiver Forces Analysis 41
3 Segmentation of North America Market by Offering 45
3.1 Market Overview by Offering 45
3.2 Robotic Systems 47
3.3 Instruments and Accessories 48
3.4 System Services 49
4 Segmentation of North America Market by Equipment Type 50
4.1 Market Overview by Equipment Type 50
4.2 Robot Machines 52
4.3 Navigation Systems 53
4.4 Planners and Simulators 54
4.5 Other Equipment Types 55
5 Segmentation of North America Market by Application 56
5.1 Market Overview by Application 56
5.2 Spinal Surgery 58
5.3 Cranial Surgery 59
6 Segmentation of North America Market by Surgery Type 60
6.1 Market Overview by Surgery Type 60
6.2 Open Surgery 62
6.3 Minimally Invasive Surgery (MIS) 63
7 Segmentation of North America Market by End User 64
7.1 Market Overview by End User 64
7.2 Hospitals 66
7.3 Ambulatory Surgical Centers (ASCs) 67
7.4 Other End Users 68
8 North America Market 2022-2032 by Country 69
8.1 Overview of North America Market 69
8.2 U.S. 72
8.3 Canada 75
8.4 Mexico 77
9 Competitive Landscape 79
9.1 Overview of Key Vendors 79
9.2 New Product Launch, Partnership, Investment, and M&A 83
9.3 Company Profiles 84
Brainlab AG 84
DePuy Synthes (Johnson & Johnson) 86
Mazor Robotics Ltd. 89
Medtronic Inc. 90
Renishaw plc 93
Shenzhen Institutes of Advanced Technology (SIAT) 95
Siemens Healthineers 96
Simbionix USA Corp. 99
SONOWAND AS 101
Stryker Corp. / MAKO 102
Synaptive Medical, Inc. 106
Zimmer Biomet Holdings, Inc. / Medtech 107
RELATED REPORTS 110
List of Tables:
Table 1. Snapshot of North America Neurosurgical Robotics Market in Balanced Perspective, 2022-2032 16
Table 2. World Economic Outlook, 2021-2031 20
Table 3. World Economic Outlook, 2021-2023 21
Table 4. Scenarios for Economic Impact of Ukraine Crisis 25
Table 5. World Health Spending by Region, $ bn, 2013-2020 32
Table 6. Main Product Trends and Market Opportunities in North America Neurosurgical Robotics Market 37
Table 7. North America Neurosurgical Robotics Market by Offering, 2022-2032, $ mn 45
Table 8. North America Neurosurgical Robotics Market by Equipment Type, 2022-2032, $ mn 50
Table 9. North America Neurosurgical Robotics Market by Application, 2022-2032, $ mn 56
Table 10. North America Neurosurgical Robotics Market by Surgery Type, 2022-2032, $ mn 60
Table 11. North America Neurosurgical Robotics Market by End User, 2022-2032, $ mn 64
Table 12. North America Neurosurgical Robotics Market by Country, 2022-2032, $ mn 70
Table 13. U.S. Neurosurgical Robotics Market by Offering, 2022-2032, $ mn 74
Table 14. U.S. Neurosurgical Robotics Market by Application, 2022-2032, $ mn 74
Table 15. U.S. Neurosurgical Robotics Market by End User, 2022-2032, $ mn 74
Table 16. Canada Neurosurgical Robotics Market by Offering, 2022-2032, $ mn 76
Table 17. Canada Neurosurgical Robotics Market by Application, 2022-2032, $ mn 76
Table 18. Canada Neurosurgical Robotics Market by End User, 2022-2032, $ mn 76
Table 19. Mexico Neurosurgical Robotics Market by Offering, 2022-2032, $ mn 78
Table 20. Mexico Neurosurgical Robotics Market by Application, 2022-2032, $ mn 78
Table 21. Mexico Neurosurgical Robotics Market by End User, 2022-2032, $ mn 78
Table 22. Product Offering of Key Neurosurgical Robotics Vendors 81
Table 23. Brainlab AG: Company Snapshot 84
Table 24. Brainlab AG: Business Segmentation 85
Table 25. Brainlab AG: Product Portfolio 85
Table 26. Medtronic Inc.: Company Snapshot 90
Table 27. Medtronic Inc.: Net Revenue by Segment, 2018-2020, $ bn 91
Table 28. Medtronic Inc.: Net Revenue by Region, 2017-2019, $ bn 91
Table 29. Renishaw plc: Company Snapshot 93
Table 30. Renishaw plc: Net Revenue by Segment, 2018-2020, $ mn 94
Table 31. Renishaw plc: Net Revenue by Region, 2017-2019, $ mn 94
Table 32. Siemens Healthineers: Company Snapshot 96
Table 33. Stryker Corp.: Company Snapshot 102
Table 34. Stryker Corp.: Net Revenue by Segment, 2017-2019, $ bn 103
Table 35. Stryker Corp.: Net Revenue by Region, 2017-2019, $ bn 103
Table 36. Synaptive Medical, Inc.: Company Snapshot 106
Table 37. Zimmer Biomet Holdings, Inc.: Company Snapshot 107
Table 38. Zimmer Biomet Holdings, Inc.: Business Segments 108
Table 39. Zimmer Biomet Holdings, Inc.: Product Portfolio 108List of Figures:
Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 15
Figure 4. North America Neurosurgical Robotics Market, 2022-2032, $ mn 18
Figure 5. Impact of COVID-19 on Business 22
Figure 6. Primary Drivers and Impact Factors of North America Neurosurgical Robotics Market 28
Figure 7. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million 31
Figure 8. World Population 65 and Over, % of Total Population, 1950-2060 31
Figure 9. Primary Restraints and Impact Factors of North America Neurosurgical Robotics Market 34
Figure 10. Investment Opportunity Analysis 38
Figure 11. Porter’s Fiver Forces Analysis of North America Neurosurgical Robotics Market 41
Figure 12. Breakdown of North America Neurosurgical Robotics Market by Offering, 2022-2032, % of Revenue 46
Figure 13. North America Addressable Market Cap in 2023-2032 by Offering, Value ($ mn) and Share (%) 46
Figure 14. North America Neurosurgical Robotics Market by Offering: Robotic Systems, 2022-2032, $ mn 47
Figure 15. North America Neurosurgical Robotics Market by Offering: Instruments and Accessories, 2022-2032, $ mn 48
Figure 16. North America Neurosurgical Robotics Market by Offering: System Services, 2022-2032, $ mn 49
Figure 17. Breakdown of North America Neurosurgical Robotics Market by Equipment Type, 2022-2032, % of Sales Revenue 51
Figure 18. North America Addressable Market Cap in 2023-2032 by Equipment Type, Value ($ mn) and Share (%) 51
Figure 19. North America Neurosurgical Robotics Market by Equipment Type: Robot Machines, 2022-2032, $ mn 52
Figure 20. North America Neurosurgical Robotics Market by Equipment Type: Navigation Systems, 2022-2032, $ mn 53
Figure 21. North America Neurosurgical Robotics Market by Equipment Type: Planners and Simulators, 2022-2032, $ mn 54
Figure 22. North America Neurosurgical Robotics Market by Equipment Type: Other Equipment Types, 2022-2032, $ mn 55
Figure 23. Breakdown of North America Neurosurgical Robotics Market by Application, 2022-2032, % of Sales Revenue 57
Figure 24. North America Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 57
Figure 25. North America Neurosurgical Robotics Market by Application: Spinal Surgery, 2022-2032, $ mn 58
Figure 26. North America Neurosurgical Robotics Market by Application: Cranial Surgery, 2022-2032, $ mn 59
Figure 27. Breakdown of North America Neurosurgical Robotics Market by Surgery Type, 2022-2032, % of Revenue 61
Figure 28. North America Addressable Market Cap in 2023-2032 by Surgery Type, Value ($ mn) and Share (%) 61
Figure 29. North America Neurosurgical Robotics Market by Surgery Type: Open Surgery, 2022-2032, $ mn 62
Figure 30. North America Neurosurgical Robotics Market by Surgery Type: Minimally Invasive Surgery (MIS), 2022-2032, $ mn 63
Figure 31. Breakdown of North America Neurosurgical Robotics Market by End User, 2022-2032, % of Revenue 65
Figure 32. North America Addressable Market Cap in 2023-2032 by End User, Value ($ mn) and Share (%) 65
Figure 33. North America Neurosurgical Robotics Market by End User: Hospitals, 2022-2032, $ mn 66
Figure 34. North America Neurosurgical Robotics Market by End User: Ambulatory Surgical Centers (ASCs), 2022-2032, $ mn 67
Figure 35. North America Neurosurgical Robotics Market by End User: Other End Users, 2022-2032, $ mn 68
Figure 36. Breakdown of North America Neurosurgical Robotics Market by Country, 2022 and 2032, % of Revenue 70
Figure 37. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 71
Figure 38. U.S. Neurosurgical Robotics Market, 2022-2032, $ mn 73
Figure 39. Canada Neurosurgical Robotics Market, 2022-2032, $ mn 75
Figure 40. Neurosurgical Robotics Market in Mexico, 2022-2032, $ mn 77
Figure 41. Growth Stage of North America Neurosurgical Robotics Industry over the Forecast Period 79
Figure 42. SWOT Analysis of MAKO Surgical Corp. 105
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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