Robotic Surgical Systems Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033

Robotic Surgical Systems Market Report Overview

The robotic surgical systems market size was $2.84 billion in 2023. The market is expected to grow at a CAGR of more than 11% during 2023-2033. Robotic surgical systems are passive devices controlled by a surgeon and typically consist of a patient-side cart, a surgeon console, and a vision system. These devices are designed to work around the limitations that are still present in minimally invasive surgical (MIS) procedures by improving surgeon accuracy and facilitating difficult procedures.

Robotic Surgical Systems Market Outlook, 2023-2033 ($ Billion)

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The Robotic Surgical Systems market research report has been created to understand market behavior, which will help identify quantitative market trends in the general surgery devices therapeutic area. The model discusses in detail the impact of COVID-19 on the robotic surgical systems market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing your in-licensing and out-licensing strategies.

Robotic Surgical Systems Market Dynamics

A growing elderly population leading to an increase in the need for surgical intervention and a drive towards value-based healthcare requiring improved patient surgical outcomes drive the robotic surgical systems market growth. Moreover, as robotic surgery is a less invasive procedure than open surgery, patients prefer the former procedure. Improving technologies for robotic surgical systems also aids the growth of the market.

Robotic Surgical Systems Market Segments

The key segments in the robotic surgical systems market are general surgery robotic surgical systems, neurosurgery robotic surgical systems, and orthopedic robotic surgical systems. General surgery robotic surgical systems led the robotic surgical systems market in 2023. General surgery robotic surgical systems are specialized to cover various indications and aid in most general surgery procedures such as hernia repair and colorectal surgery, and cardiothoracic procedures such as thoracic surgery, mitral valve repair, and bronchoscopic procedures.

Robotic Surgical Systems Market Analysis by Segments, 2023 (%)

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Robotic Surgical Systems Market Segmentation by Regions

The key regions in the robotic surgical systems market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. In 2023, North America dominated the robotic surgical systems market. This regional market has experienced rapid growth in recent years that is expected to continue throughout the forecast period. Moreover, there is a growing focus on robotics training for physicians in North America. Within the region, the US has many surgical robots.

Robotic Surgical Systems Market Analysis by Regions, 2023 (%)

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Robotic Surgical Systems Market - Competitive Landscape

A few of the leading companies in the robotic surgical systems market are:

• Intuitive Surgical Inc
• Stryker Corp
• Zimmer Biomet Robotics
• Mazor Robotics Ltd.
• Blue Belt Technologies, Inc.

Intuitive Surgical Inc. dominated the market in 2023.

Robotic Surgical Systems Market Analysis by Companies, 2023 (%)

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Segments Covered in the Report

Robotic Surgical Systems Segments Outlook (Value, $ Billion, 2015-2033)

• General Surgery Robotic Surgical Systems
• Neurosurgery Robotic Surgical Systems
• Orthopedic Robotic Surgical Systems

Robotic Surgical Systems Regional Outlook (Value, $ Billion, 2015-2033)

• North America
• Europe
• Asia Pacific
• South Central America
• Middle East & Africa

Key Inclusions

Currently marketed Robotic Surgical Systems and evolving competitive landscape:

• Insightful review of the key industry trends.
• Annualized total Robotic Surgical Systems market revenue by segment and market outlooks from 2015-2033.
• Market-level data on units, average selling prices, and market values.

Global, Regional, and Country level market specific insights:

• Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• SWOT analysis for the Robotic Surgical Systems market.
• Competitive dynamics insights and trends provided for the Robotic Surgical Systems market.

Get an in-depth understanding of consumer behavior through the market access segment and the overview of the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.

• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, the report helps determine market trends through real-world data sources including government procedure databases, hospital purchasing databases, and proprietary online databases.

Companies covered: Intuitive Surgical Inc, Johnson & Johnson, Medrobotics Corp, Medtronic Plc, Smith & Nephew Plc, Stryker Corp, Zimmer Biomet Holdings Inc, Globus Medical Inc, and others.

Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.

Scope

This report provides:

• Insightful review of the key industry trends.
• Annualized total Robotic Surgical Systems market revenue by segment and market outlooks.
• Market-level data on units, average selling prices, and market values.
• Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• SWOT analysis for the Robotic Surgical Systems market.
• Competitive dynamics insights and trends provided for the Robotic Surgical Systems market.
• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Reasons to Buy

• Understand the impact of COVID-19 on the Robotic Surgical Systems market.
• Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving the Robotic Surgical Systems market.
• Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Robotic Surgical Systems market in the future.
• Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
• Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
• Track device sales in the global and country-specific Robotic Surgical Systems market from 2015-2033.
• Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.