Surgical Robotic Systems Market Size Worth $13.3 Billion By 2026

Published Date: 5-Nov-2020

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According to a new report Global Surgical Robotic Systems Market, published by KBV research, The Global Surgical Robotic Systems Market size is expected to reach $13.3 billion by 2026, rising at a market growth of 21% CAGR during the forecast period.

The instruments and accessories segment held the biggest market share in 2019. The high share and high development rate of this segment are principally determined by the recurrent purchase of instruments and accessories rather than robotic frameworks, which are a one-time investment.

The segment of orthopedics is anticipated to develop at a significant rate over the forecast period. Surgical robots are being utilized in complete hip replacement, hip arthroscopy, and shoulder arthroscopy, pedicle screws placement, trauma, and general orthopedics as helps with giving better precision and accuracy to surgeons, in this manner killing errors from the human.

The highest revenue of the market is generated by North America in 2019 and is anticipated to dominate the surgical robot market all through the forecast period. Asia Pacific is foreseen to develop at an essentially higher CAGR during the forecast period. The rising research and development work and utilization of surgical robots for the treatment of cancer and other oncology section are a portion of the leading components foreseen to drive the development of the surgical robots market in the Asia Pacific.

Structural Insights:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Stryker Corporation, Intuitive Surgical, Inc., Kuka AG, Johnson and Johnson, Siemens AG, Medtronic PLC, Smith & Nephew PLC, Zimmer Biomet Holdings, Inc., Globus Medical, Inc., and TransEntrix, Inc.

Global Surgical Robotic Systems Market Segmentation

By Component

  • Accessories
  • Systems
  • Services

By Application

  • Gynecology Surgery
  • Orthopedic Surgery
  • Urology Surgery
  • Neurosurgery
  • General Surgery
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Stryker Corporation
  • Intuitive Surgical, Inc.
  • Kuka AG
  • Johnson and Johnson
  • Siemens AG
  • Medtronic PLC
  • Smith & Nephew PLC
  • Zimmer Biomet Holdings, Inc.
  • Globus Medical, Inc.
  • TransEntrix, Inc.

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Surgical Robotic Systems Market Related Reports:

North America Market

Europe Market

Asia Pacific Market

LAMEA Market

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