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NORTH AMERICA SURGICAL ROBOTICS MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

North America 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 North America surgical robotics market is estimated to grow a CAGR of 8.80% during the forecast period, 2024-2032, and is expected to reach a revenue of $10834.74 million by 2032.

Patients are increasingly opting for less invasive procedures because they offer faster recovery times, less pain, and shorter hospital stays. The adoption of minimally invasive techniques is facilitated by surgical robots. These robotic systems aid surgeons in executing intricate procedures with enhanced precision, ultimately resulting in better surgical outcomes, fewer complications, and shorter operation times. These factors contribute to the North America surgical robotics market growth.

The North America surgical robotics market growth evaluation includes the analysis of the United States and Canada. The interest among surgeons in the United States, particularly in adopting new technologies like surgical robotics, is substantial. Industry data across various specialties indicates that around 78% of surveyed surgeons are eager to incorporate surgical robotics into their practice. This strong inclination toward embracing advanced technology reflects a prevailing trend in the US medical field, where the majority of surgeons genuinely want to explore and utilize robotic systems to enhance surgical procedures.

North America Surgical Robotics Market

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The emergence of robust alternatives from China introduces a fresh competitive dynamic. This development has the potential to diversify the market landscape for healthcare providers and challenge the longstanding dominance of US-based systems. Such heightened competition could drive innovation and advancements within the US surgical robotics sector as companies strive to maintain their competitive edge amidst evolving global markets. Moreover, it may stimulate increased investment in research and development, thereby fostering a more robust environment for technological progress in the US surgical robotics industry.

The landscape of medical procedures, especially surgical interventions, has experienced a significant surge following a prolonged period of pandemic-induced restrictions and staffing challenges in hospitals. The pause in elective procedures, particularly hip and knee replacements, disproportionately affected older adults vulnerable to severe COVID-19 complications. However, with the easing of restrictions and the formal conclusion of the national public health emergency, a resurgence in these postponed surgeries is on the horizon.

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

In surgical robotics, a plethora of instruments and accessories are utilized, including surgical assist arms, endo wrist technology, 3D stereoscopic vision systems, knee systems, surgical knives, imaging systems, retractors, dividers, and more. Companies such as Zimmer Biomet Holdings Ltd, Smith & Nephew Plc, Intuitive Surgical Inc, Medtronic Plc, and Asensus Surgical Inc are among those offering these essential tools.

Within the realm of surgical robotics, these instruments attached to robotic arms are meticulously crafted to surpass the capabilities of the human wrist, particularly in terms of range of motion. Each arm is designated for specific surgical tasks, covering a spectrum of high-precision functions such as dissection, clamping, tissue manipulation, and suturing.

Some of the key firms in the North America surgical robotics market include Stryker Corporation, Accuray Incorporated, Zimmer Biomet Holdings Inc, Smith & Nephew, etc.

Zimmer Biomet Holdings Inc, a medical device firm, specializes in musculoskeletal healthcare. Their offerings span orthopedic reconstructive products, biologics, sports medicine, extremities, trauma products, integrated digital and robotic technologies, craniomaxillofacial and thoracic products, office-based technologies, and associated surgical products. Operating through direct sales and distributors across the Americas, Europe, Asia-Pacific, the Middle East, and Africa, the company is headquartered in Warsaw, Indiana, USA.

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 AnalyzedThe United States and Canada
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
    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. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA SURGICAL ROBOTICS MARKET DRIVERS
      3. NORTH AMERICA SURGICAL ROBOTICS MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA SURGICAL ROBOTICS MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES SURGICAL ROBOTICS MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA 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. GLOBUS MEDICAL INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. INTUITIVE SURGICAL INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. MEDTRONIC PLC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      9. MEDROBOTICS CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      10. STEREOTAXIS INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      11. ASENSUS SURGICAL INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      12. TITAN MEDICAL INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      13. SYNAPTIVE MEDICAL INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      14. THINK SURGICAL INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – SURGICAL ROBOTICS

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

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

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

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

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

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

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

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

TABLE 10: KEY PLAYERS OPERATING IN NORTH AMERICA 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 UNITED STATES

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: NORTH AMERICA SURGICAL ROBOTICS MARKET, GROWTH POTENTIAL, BY PRODUCT & SERVICE, IN 2023

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

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

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

FIGURE 9: NORTH AMERICA SURGICAL ROBOTICS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

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

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

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

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

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

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

FIGURE 16: NORTH AMERICA SURGICAL ROBOTICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

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

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

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

FIGURE 20: NORTH AMERICA SURGICAL ROBOTICS MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

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

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

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