Robotic Surgical Devices Market, By Component (Surgical System, Accessory and Service), By Area of Surgery (Gynecological, Cardiovascular, Neurosurgery, Laparoscopy and Urology, and Other Area of Surgery), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI383120 | Publish Date: February 2024 | No. of Pages: 178

Global Robotic Surgical Devices Market Overview

Introduction:

Robotic Surgical Devices Market was valued at US$ 8.5 Billion in 2024 and is projected to grow at a CAGR of 9.5% to reach US$ 19.4 Billion by 2034.The surgical robotic system is the technologically advanced surgical solution, used mainly during complicated surgical procedures. A robotic surgical device is a combination of equipment, accessory, and software. It involves partial inference or complete dependence on specially devised machines to carry out surgical operations. Robotic technology is enhancing surgery through improved precision, stability and dexterity.

 Drivers and Restraints:

The growth of the global robotic surgical devices market is primarily driven by the increasing need for automation in healthcare and increasing incidences of chronic diseases. Also, increasing the geriatric population and the rising complexity of surgical procedures are boosting the growth of the target market. Moreover, increasing demand for non-invasive surgeries across the globe with more precision and flexibility is also expected to propel the growth of the target market over the forecast period. However, the high cost of installation, concerns regarding safety, integration issues, and the need for technologically skilled personnel, are some of the factors which are challenging the growth of the market. Nevertheless, the innovations in the industries are expected to reduce the cost of the system in the future. Thus, the market penetration is expected to increase over the forecast period which in turn is creating lucrative growth opportunities for the target market.

Segmentation:

The robotic surgical devices market is segmented based on component, area of surgery and region.

Based on components, the global robotic surgical devices market is segmented into the surgical system, accessory, and service. Based on the area of surgery, the target market is segmented into gynecological surgery, cardiovascular, neurosurgery, laparoscopy, urology and other areas of surgery.

Based on the region the global robotic surgical devices market is segmented North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Factors such as the development of advanced surgical robotic technology, increasing adoption of surgical robots, government initiatives, and the availability of funding are driving the growth of the market in North America. Europe is also experiencing higher growths owing to the increasing adoption of robot-assisted surgical procedures in the region.

Key Players:                                                                                                  

The key players in the global robotic surgical devices market involve Intutive Surgical, Inc., Stryker Corporation, Veb Surgical, Inc., Maxar Technologies Limited, Accuray Incorporated, Globus Medical, Hansen Medical, Johnson & Johnson, Mazor Robotics, and Zimmer Biomet.

Detailed Segmentation:

Robotic Surgical Devices Market, By Component:

  • Surgical System
  • Accessory
  • Service

Robotic Surgical Devices Market, By Area of Surgery:

  • Gynecological
  • Cardiovascular
  • Neurosurgery
  • Laparoscopy
  • Urology
  • Other Areas Of Surgery

Global Robotic Surgical Devices Market, By Region:

      • North America
        • North America Robotic Surgical Devices Market, By Component
        • North America Robotic Surgical Devices Market, By Area Of Surgery
        • North America Robotic Surgical Devices Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Robotic Surgical Devices Market, By Component
        • Europe Robotic Surgical Devices Market, By Area Of Surgery
        • Europe Robotic Surgical Devices Market, By Country
          • France
          • Germany
          • UK
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Robotic Surgical Devices Market, By Component
        • Asia Pacific Robotic Surgical Devices Market, By Area Of Surgery
        • Asia Pacific Robotic Surgical Devices Market, By Country
          • China
          • India
          • Japan
          • Australia
          • South Korea
          • Rest of Asia Pacific
      • Latin America
        • Latin America Robotic Surgical Devices Market, By Component
        • Latin America Robotic Surgical Devices Market, By Area Of Surgery
        • Latin America Robotic Surgical Devices Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Robotic Surgical Devices Market, By Component
        • Middle East & Africa Robotic Surgical Devices Market, By Area Of Surgery
        • Middle East & Africa Robotic Surgical Devices Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East and Africa

Company Profile:

  • Intutive Surgical Inc. 
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview 
  • Stryker Corporation
  • Veb Surgical Inc.
  • Maxar Technologies Limited
  • Accuray Incorporated
  • Globus Medical
  • Hansen Medical
  • Johnson & Johnson
  • Mazor Robotics
  • Zimmer Biomet

“*” marked represent similar segmentation in other categories in the respective section

 Key Issues Addressed

  • What is the total revenue potential of the global robotic surgical devices market? How that market is expected to grow during the study period?
  • What are some of the major growth opportunities in the robotic surgical devices market?
  • Which companies are the major players in the robotic surgical devices market?

Global Robotic Surgical Devices Market Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Robotic Surgical Devices Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Component
      • Market Snippet, By Area of Surgery
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Robotic Surgical Devices Market, By Component, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Surgical System
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Accessory
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Service
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Robotic Surgical Devices Market, By Area of Surgery, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Gynaecological Surgery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Cardiovascular
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Neurosurgery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Laparoscopy
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Urology
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Areas of Surgery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Robotic Surgical Devices Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Area of Surgery, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Area of Surgery, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Area of Surgery, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Area of Surgery, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Area of Surgery, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
      • Intutive Surgical Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Verb Surgical Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Maxar Technologies limited
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Accuray Incorporated
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Globus Medical
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Hansen Medical
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Johnson and Johnson
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Mazor Robotics
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Zimmer Biomet
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
  10. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Robotic Surgical Devices Market is segmented into Type, Application, and Region.

Emerging trends include the expansion of robotic applications to various surgical specialties, the development of smaller and more versatile robotic platforms, and the integration of artificial intelligence (AI) in robotic surgery, presenting significant opportunities in the global Robotic Surgical Devices Market.

Factors driving the market include the increasing demand for minimally invasive surgeries, advancements in robotic technology and surgical techniques, the growing prevalence of chronic diseases requiring surgical interventions, and the desire for improved precision and patient outcomes.

The report covers regions worldwide. North America is expected to dominate the Robotic Surgical Devices Market, driven by a well-established healthcare infrastructure, high adoption of robotic surgery systems, and significant investments in research and development in the region. Other influential regions include Europe and Asia-Pacific.

Stryker Corporation, Veb Surgical Inc., Maxar Technologies Limited, Accuray Incorporated, Globus Medical, Hansen Medical, Johnson & Johnson, Mazor Robotics, Zimmer Biomet,