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ASIA-PACIFIC SURGICAL ROBOTICS MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Asia-Pacific Surgical Robotics Market by Product & Service (Robotic Systems, Instruments & Accessories, Services) Market by Application (Gynecological Surgery, Urological Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Other Applications) Market by End-user (Hospitals, Ambulatory Surgery Centers, Other End-users) by Geography

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MARKET OVERVIEW

The Asia-Pacific surgical robotics market is expected to register a CAGR of 10.37% during the forecast period, 2024-2032, and is set to reach a revenue of $6772.68 million by 2032.

The allure of Asia-Pacific for medical tourism is driving a surge in demand for top-notch healthcare services, such as robotic-assisted surgeries, drawing patients globally. This surge is fueled by the growing incidence of chronic diseases, which require intricate surgical solutions. Hence, there is a rising necessity for precise, minimally invasive procedures facilitated by surgical robotics in Asia-Pacific.

The Asia-Pacific surgical robotics market growth analysis includes the assessment of India, Indonesia, Thailand, Japan, South Korea, Vietnam, China, Australia & New Zealand, and Rest of Asia-Pacific. The surgical robotics sector in China is undergoing significant changes, driven by notable advancements in technology and product launches. These developments have catapulted Chinese companies into the forefront of innovation within this field, challenging the dominance of Intuitive Surgical’s da Vinci systems. In line with the government’s push to localize the medical industry, these companies are vigorously working to develop their own surgical robots. Consequently, the increasing competition from Chinese firms aiming to introduce homegrown surgical robotics is exerting a significant influence on the market.

Asia-Pacific Surgical Robotics Market

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Furthermore, the Indonesian government is actively advancing the incorporation of robotic telesurgery into its telemedicine endeavors, aiming to improve access to top-tier healthcare services, especially in remote areas. In its quest to develop robotic telesurgery capabilities, the Ministry of Health has forged a collaboration with Iran. This partnership seeks to harness the advantages of robotic telesurgery, such as diminishing patient travel requirements, refining surgical accuracy, and shortening recovery times.

The Asia-Pacific surgical robotics market segmentation includes end-user, application, and product & service. The product & service segment includes services, instruments & accessories, and robotic systems. 

In the domain of surgical robotics, a wide array of services, including the setup, upkeep, and enhancement of robotic systems, is available. As technology advances, particularly impacting areas like gynecology and urology, proficiency in tasks such as maintenance, installation, and upgrades becomes increasingly vital. The decline in robotic surgical skills among newly trained surgeons is a notable concern in this rapidly evolving field. 

It is imperative to implement active training programs to uphold and enhance skills, especially during inactive periods. Continuous training and support are essential for maintaining and improving the expertise of robotic surgeons. Consistently maintaining and periodically updating surgical robotics services are crucial elements in ensuring both patient safety and the optimal functionality of robotic systems.

Intuitive Surgical Inc and Medtronic PLC are among the leading companies in the Asia-Pacific surgical robotics market. 

Medtronic, headquartered in Minneapolis, Minnesota, USA, is a leading developer, manufacturer, distributor, and seller of device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. The company operates across four key segments: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group. Within the Minimally Invasive Therapies Group segment, Medtronic offers a range of surgical products, electrosurgical hardware and instruments, mesh fixation devices, gastrointestinal, inhalation therapy, and renal care solutions. Its operations span the Americas, Europe, the Middle East, and Asia-Pacific regions.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
End-User, Application, and Product & Service
Countries AnalyzedIndia, Indonesia, Thailand, Japan, South Korea, Vietnam, China, Australia & New Zealand, and Rest of Asia-Pacific
Companies AnalyzedEthicon, Zimmer Biomet Holdings Inc, Smith & Nephew, Stryker Corporation, Accuray Incorporated, CMR Surgical Ltd., Globus Medical Inc, Intuitive Surgical Inc, Medtronic PLC, Medrobotics Corporation, Stereotaxis Inc, Asensus Surgical Inc, Titan Medical Inc, Synaptive Medical Inc, Think Surgical Inc
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON SURGICAL ROBOTICS MARKET
    5. MAJOR MARKET FINDINGS
      1. SIGNIFICANT TRANSFORMATION DUE TO AUTOMATED MICROSURGERY
      2. TECHNOLOGICAL ADVANCEMENTS IN MINIMALLY INVASIVE SURGERIES
      3. ROBOTIC TELESURGERY IS BECOMING FEASIBLE
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. SURGING ELDERLY POPULATION
      2. INTEGRATION OF AI-ML IN ROBOTIC SURGERY SYSTEMS
      3. DEPLOYMENT OF ROBOTICS IN HEALTHCARE 
    2. KEY RESTRAINTS
      1. POTENTIAL HAZARDS ASSOCIATED WITH ROBOTIC SURGERY
      2. HIGH INSTALLATION COSTS OF ROBOTIC SURGERY SYSTEMS
      3. LACK OF TRAINED PROFESSIONALS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. APPLICATIONS OF ARTIFICIAL INTELLIGENCE (AI)
      2. BIG DATA USE AUGMENTS THE DECISION-MAKING CAPABILITIES
      3. MINIATURE ROBOTS ENHANCE ACCURACY AND REDUCE INVASIVENESS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR JAPAN
    4. MARKET CONCENTRATION ANALYSIS
  5. MARKET BY PRODUCT & SERVICE
    1. ROBOTIC SYSTEMS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. INSTRUMENTS & ACCESSORIES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. SERVICES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY APPLICATION
    1. GYNECOLOGICAL SURGERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. UROLOGICAL SURGERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. NEUROSURGERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. ORTHOPEDIC SURGERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. GENERAL SURGERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY END-USER
    1. HOSPITALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. AMBULATORY SURGERY CENTERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. OTHER END-USERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC SURGICAL ROBOTICS MARKET DRIVERS
      3. ASIA-PACIFIC SURGICAL ROBOTICS MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC SURGICAL ROBOTICS MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS
    2. COMPANY PROFILES
      1. ETHICON
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. ZIMMER BIOMET HOLDINGS INC.
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. SMITH & NEPHEW
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. STRYKER CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. ACCURAY INCORPORATED
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. CMR SURGICAL LTD.
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. GLOBUS MEDICAL INC.
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. INTUITIVE SURGICAL INC.
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      9. MEDTRONIC PLC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      10. ASENSUS SURGICAL INC.
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – SURGICAL ROBOTICS

TABLE 2: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY PRODUCT & SERVICE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY PRODUCT & SERVICE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: KEY PLAYERS OPERATING IN ASIA-PACIFIC SURGICAL ROBOTICS MARKET

TABLE 11: LIST OF MERGERS & ACQUISITIONS

TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 14: LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR JAPAN

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, GROWTH POTENTIAL, BY PRODUCT & SERVICE, IN 2023

FIGURE 6: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY ROBOTIC SYSTEMS, 2024-2032 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY INSTRUMENTS & ACCESSORIES, 2024-2032 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY SERVICES, 2024-2032 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 10: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY GYNECOLOGICAL SURGERY, 2024-2032 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY UROLOGICAL SURGERY, 2024-2032 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY NEUROSURGERY, 2024-2032 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY ORTHOPEDIC SURGERY, 2024-2032 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY GENERAL SURGERY, 2024-2032 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 17: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY HOSPITALS, 2024-2032 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY AMBULATORY SURGERY CENTERS, 2024-2032 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN%)

FIGURE 21: CHINA SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 22: JAPAN SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 23: INDIA SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 24: SOUTH KOREA SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 25: INDONESIA SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 26: THAILAND SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 27: VIETNAM SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 28: AUSTRALIA & NEW ZEALAND SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 29: REST OF ASIA-PACIFIC SURGICAL ROBOTICS MARKET, 2024-2032 (IN $ MILLION)

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