The surgical robotic systems market refers to the market for advanced robotic technologies used in surgical procedures. These systems are designed to assist surgeons in performing minimally invasive surgeries with enhanced precision, control, and visualization. Minimally invasive surgeries (MIS) have gained popularity due to their advantages over traditional open surgeries, such as reduced pain, shorter hospital stays, faster recovery, and fewer complications. One of the significant factors majorly driving the market is augmenting demand for minimally invasive procedures among people. The surgical robotic systems enable surgeons to perform minimally invasive procedures with higher precision and control, making them a preferred choice for both patients and healthcare providers. The Surgical Robotic Systems Market is likely to grow at a rate of 14.6% CAGR by 2027.
Surgical robotic systems market by Component
Systems
Accessories & Instrument
Services
Surgical robotic systems market by Surgery type
Gynecology Surgery
Urology Surgery
Neurosurgery
Orthopedic Surgery
General Surgery
Surgical robotic systems Market by Geography
North America
Europe
Asia Pacific
Rest of the World
Here is an overview of the key aspects of the surgical robotic systems market:
As per market by component the accessories segment dominated the global surgical robotics market. This is due to the increased usage of accessories per surgical procedure. Further, the accessories are replaced after each surgical procedure, thus leading to the market revenue.
In the market for surgery type the orthopedic surgery holds a dominant position in the market. This is attributed to the increase in orthopedic injuries worldwide.
Robotic-Assisted Surgeries: Surgical robotic systems enable surgeons to perform complex procedures with the assistance of robotic arms and instruments. These systems offer greater dexterity and range of motion compared to traditional surgical instruments, allowing for more precise movements and improved access to anatomical structures. Robotic assistance can be utilized in various surgical specialties, including urology, gynecology, general surgery, cardiothoracic surgery, and orthopedics.
Da Vinci Surgical System: The most well-known and widely used surgical robotic system is the da Vinci Surgical System, developed by Intuitive Surgical. This system consists of robotic arms, a high-definition 3D visualization system, and specialized surgical instruments. The surgeon controls the system from a console, translating their hand movements into precise actions by the robotic arms. The da Vinci Surgical System has been adopted in many hospitals globally and has facilitated numerous minimally invasive procedures.
Advantages of Robotic Surgery: Robotic-assisted surgeries offer several advantages over traditional open surgeries and laparoscopic procedures. These include smaller incisions, reduced blood loss, shorter hospital stays, faster recovery times, and potentially less post-operative pain. The improved visualization and instrument maneuverability provided by robotic systems can contribute to enhanced surgical outcomes and patient satisfaction.
Market Growth and Technological Advancements: The surgical robotic systems market has been experiencing steady growth. Technological advancements, such as improved robotic arm articulation, better imaging capabilities, and enhanced software interfaces, have expanded the applications and capabilities of robotic surgery. Additionally, the development of smaller and more portable robotic systems is making robotic-assisted surgeries accessible to a broader range of healthcare facilities.
Challenges and Opportunities: Despite the benefits, there are challenges associated with surgical robotic systems, including high initial costs, ongoing maintenance expenses, and the learning curve for surgeons adopting the technology. However, as more surgeons gain experience and the costs of robotic systems decrease over time, the adoption rate is expected to increase. There are also opportunities for further innovation, such as the integration of artificial intelligence, machine learning, and augmented reality into surgical robotic systems, which could further enhance surgical precision and outcomes.
The major leading companies of the herpes simplex virustreatment market are INTUITIVE SURGICAL, INC., GLOBUS MEDICAL, INC, Johnson & Johnson, Medtronic Plc., Siemens AG (Siemens Healthineers), Smith & Nephew, Stryker Corporation, Titan Medical Inc., Transenterix, Inc., Zimmer Biomet Holdings, Inc.
The surgical robotic systems market is expected to continue growing as advancements in technology, increasing surgical expertise, and expanding applications drive adoption. The focus on minimally invasive procedures, improved patient outcomes, and the demand for precision and efficiency in surgeries contribute to the market's expansion.
Anexclusive analysis of all key geographical regions is included in the report which determines the potential opportunities in these regions.
Detailed information about the attributes which are generating growth in the herpes simplex virus treatment market in the forecast period.
Anexactestimation of the herpes simplex virus treatmentmarket share and its contribution to the parent market is provided in the report.
Further profiles of leading competitors and their dynamic strategies are also covered in thestudy.
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Component: Market Size & Analysis
5.1. Systems
5.2. Accessories & Instrument
5.3. Services
6. Surgery Type: Market Size & Analysis
6.1. Prescription
6.2. OTC
7. Geography: Market Size & Analysis
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Rest of the World
8. Competitive Landscape
8.1. Competitor Comparison Analysis
8.2. Market Developments
8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
8.2.2. Product Launches and execution
9. Vendor Profiles
9.1. INTUITIVE SURGICAL, INC.
9.1.1. Overview
9.1.2. Financial Overview
9.1.3. Product Offerings
9.1.4. Developments
9.1.5. Business Strategy
9.2. GLOBUS MEDICAL, INC.
9.2.1. Overview
9.2.2. Financial Overview
9.2.3. Product Offerings
9.2.4. Developments
9.2.5. Business Strategy
9.3. Johnson & Johnson
9.3.1. Overview
9.3.2. Financial Overview
9.3.3. Product Offerings
9.3.4. Developments
9.3.5. Business Strategy
9.4. Medtronic Plc
9.4.1. Overview
9.4.2. Financial Overview
9.4.3. Product Offerings
9.4.4. Developments
9.4.5. Business Strategy
9.5. Siemens AG
9.5.1. Overview
9.5.2. Financial Overview
9.5.3. Product Offerings
9.5.4. Developments
9.5.5. Business Strategy
9.6. Smith & Nephew
9.6.1. Overview
9.6.2. Financial Overview
9.6.3. Product Offerings
9.6.4. Developments
9.6.5. Business Strategy
9.7. Stryker Corporation
9.7.1. Overview
9.7.2. Financial Overview
9.7.3. Product Offerings
9.7.4. Developments
9.7.5. Business Strategy
9.8. Titan Medical Inc
9.8.1. Overview
9.8.2. Financial Overview
9.8.3. Product Offerings
9.8.4. Developments
9.8.5. Business Strategy
9.9. Transenterix, Inc
9.9.1. Overview
9.9.2. Financial Overview
9.9.3. Product Offerings
9.9.4. Developments
9.9.5. Business Strategy
9.10. Zimmer Biomet Holdings, Inc.
9.10.1. Overview
9.10.2. Financial Overview
9.10.3. Product Offerings
9.10.4. Developments
9.10.5. Business Strategy
10. Analyst Opinion
11. Annexure
11.1. Report Scope
11.2. Market Definitions
11.3. Research Methodology
11.3.1. Data Collation and In-house Estimation
11.3.2. Market Triangulation
11.3.3. Forecasting
11.4. Report Assumptions
11.5. Declarations
11.6. Stakeholders
11.7. Abbreviations
TABLE 1. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2026 (USD BILLION)
TABLE 2. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET VALUE FOR SYSTEMS, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 3. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET VALUE FOR ACCESSORIES & INSTRUMENT, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 4. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET VALUE FOR SERVICES, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 5. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 6. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET VALUE FOR GYNECOLOGY SURGERY, 2021-2027 (USD BILLION
TABLE 7. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET VALUE FOR UROLOGY SURGERY, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 8. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET VALUE FOR NEUROSURGERY, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 9. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET VALUE FOR ORTHOPEDIC SURGERY, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 10. GLOBAL SURGICAL ROBOTIC SYSTEMS MARKET VALUE FOR GENERAL SURGERY, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 11. NORTH AMERICA SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COUNTRY, 2021-2027 (USD BILLION)
TABLE 12. NORTH AMERICA SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 13. NORTH AMERICA SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 14. U.SSURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 15. U.SSURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 16. CANADASURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 17. CANADASURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 18. EUROPESURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COUNTRY, 2021-2027 (USD BILLION)
TABLE 19. EUROPESURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 20. EUROPESURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 21. GERMANY ACTINIC KERATOSI TREATMENT MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 22. GERMANY SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 23. U.K SURGICAL ROBOTIC SYSTEMS MARKETVALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 24. U.K SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 25. FRANCE SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 26. FRANCE SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 27. ITALY SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 28. ITALY SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 29. SPAIN SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 30. SPAIN SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 31. ROE SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 32. ROE SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 33. ASIA PACIFC SURGICAL ROBOTIC SYSTEMS MARKETVALUE, BY COUNTRY, 2021-2027 (USD BILLION)
TABLE 34. ASIA PACIFC SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 35. ASIA PACIFC SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 36. CHINA SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 37. CHINA SURGICAL ROBOTIC SYSTEMS MARKETVALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 38. INDIA SURGICAL ROBOTIC SYSTEMS MARKETVALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 39. INDIA SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 40. JAPAN SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 41. JAPAN SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 42. REST OF APAC SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 43. REST OF APAC SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 44. REST OF WORLD SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY COMPONENT, 2021-2027 (USD BILLION)
TABLE 45. REST OF WORLD SURGICAL ROBOTIC SYSTEMS MARKET VALUE, BY SURGERY TYPE, 2021-2027 (USD BILLION)
TABLE 46. INTUITIVE SURGICAL, INC: FINANCIALS
TABLE 47. INTUITIVE SURGICAL, INC: PRODUCTS & SERVICES
TABLE 48. INTUITIVE SURGICAL, INC: RECENT DEVELOPMENTS
TABLE 49. GLOBUS MEDICAL, INC: FINANCIALS
TABLE 50. GLOBUS MEDICAL, INC: PRODUCTS & SERVICES
TABLE 51. GLOBUS MEDICAL, INC: RECENT DEVELOPMENTS
TABLE 52. JOHNSON & JOHNSON: FINANCIALS
TABLE 53. JOHNSON & JOHNSON: PRODUCTS & SERVICES
TABLE 54. JOHNSON & JOHNSON: RECENT DEVELOPMENTS
TABLE 55. MEDTRONIC PLC: FINANCIALS
TABLE 56. MEDTRONIC PLC: PRODUCTS & SERVICES
TABLE 57. MEDTRONIC PLC: RECENT DEVELOPMENTS
TABLE 58. SIEMENS AG: FINANCIALS
TABLE 59. SIEMENS AG: PRODUCTS & SERVICES
TABLE 60. SIEMENS AG: RECENT DEVELOPMENTS
TABLE 61. SMITH & NEPHEW: FINANCIALS
TABLE 62. SMITH & NEPHEW: PRODUCTS & SERVICES
TABLE 63. SMITH & NEPHEW: RECENT DEVELOPMENTS
TABLE 64. STRYKER CORPORATION: FINANCIALS
TABLE 65. STRYKER CORPORATION: PRODUCTS & SERVICES
TABLE 66. STRYKER CORPORATION: RECENT DEVELOPMENTS
TABLE 67. TITAN MEDICAL INC: FINANCIALS
TABLE 68. TITAN MEDICAL INC: PRODUCTS & SERVICES
TABLE 69. TITAN MEDICAL INC: RECENT DEVELOPMENTS
TABLE 70. TRANSENTERIX, INC: FINANCIALS
TABLE 71. TRANSENTERIX, INC: PRODUCTS & SERVICES
TABLE 72. TRANSENTERIX, INC: RECENT DEVELOPMENTS
TABLE 73. ZIMMER BIOMET HOLDINGS, INC: FINANCIALS
TABLE 74. ZIMMER BIOMET HOLDINGS, INC: PRODUCTS & SERVICES
TABLE 75. ZIMMER BIOMET HOLDINGS, INC: RECENT DEVELOPMENTS
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
Historical Data (2015-2019) |
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Market Forecast (2021-2026) |
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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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Qualitative Analysis |
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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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