Report Description

United States surgical robotics market is expected to witness a healthy CAGR during the forecast period. Key factors propelling the growth of this market include technological advancements and increasing requirement for automation in healthcare industry. The growing prevalence of chronic diseases and advantages of robotic-assisted surgery including minimization of invasiveness involved in surgical procedures is further supporting the growth of United States surgical robotics market. In addition to this, increasing demand for minimally invasive surgeries coupled with development of procedure specific robotic systems are expected to fuel the market growth in coming years. Also, more hospitals & ambulatory surgery centers are turning towards using surgical robots, which is supporting the growth of this market.

Moreover, increasing funding for medical robot research and focus of United States government on providing best healthcare facilities is leading to high growth of surgical robotics market. With this, increasing product approval by U.S. Food and Drug Administration is expected to augment the market growth through 2027. However, United States surgical robotics market is also prone to some challenges. Increase in deaths and injuries due to robotic surgeries might hamper the market growth. Furthermore, high cost of surgical robotic surgeries & robotic systems might restrain the growth of this market.

United States surgical robotics market is categorized based on component, surgery type, end user and region. Based on surgery type, the market can be segmented into gynecological surgery, urological surgery, neurosurgery, orthopedic surgery, general surgery and others. Among them, neurosurgery segment is expected to witness significant CAGR during the forecast period as surgical navigation are frequently being used during brain tumor removal, deep brain stimulation (DBS), brain biopsies and cerebrospinal fluid (CSF) management.

Major players operating in the United States surgical robotics market include Intuitive Surgical Inc., Stryker Corporation, Medtronic, Smith and Nephew, Inc., TransEnterix Surgical, Inc., Verb Surgical Inc., SRI International Inc., Accuray Incorporated, Think Surgical Inc., Auris Surgical Robotics Inc., Zimmer Biomet Holdings, Inc., Corindus Vascular Robotics, Inc., Medrobotics Corporation, OMNI life science, Inc., Medicaroid, Inc., Johnson & Johnson and Blue Belt Technologies, Inc., among others. Key growth strategies being adopted by leading market players include mergers & acquisitions and strategic collaborations.

Objective of the Study:

  • To analyze and estimate the market size of United States surgical robotics market from 2017 to 2020.
  • To estimate and forecast the market size of United States surgical robotics market from 2021 to 2027 and growth rate until 2027.
  • to classify and forecast United States surgical robotics market based on component, surgery type, end user, company and regional distribution.
  • To identify dominant region or segment in the United States surgical robotics market.
  • To identify drivers and challenges for United States surgical robotics market.
  • To examine competitive developments such as expansions, mergers & acquisitions, etc., in United States surgical robotics market.
  • To conduct pricing analysis for United States surgical robotics market.
  • To identify and analyze the profile of leading players operating in United States surgical robotics market.
  • To identify key sustainable strategies adopted by market players in United States surgical robotics market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of surgical robotic manufacturers across United States. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the presence of all major players across the country.

TechSci Research calculated the market size of United States surgical robotics market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and end users for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Surgical robotics service manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to surgical robotics
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as surgical robotic manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022E

Forecast Period

2023F – 2027F

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Component

·         Surgery Type

·         End User

Region Scope

South-Region, West-Region, Mid-West Region & Northeast-Region

Key Companies Profiled

Intuitive Surgical Inc., Stryker Corporation, Medtronic, Smith and Nephew, Inc., TransEnterix Surgical, Inc., Verb Surgical Inc., SRI International Inc., Accuray Incorporated, Think Surgical Inc., Auris Surgical Robotics Inc., Zimmer Biomet Holdings, Inc., Corindus Vascular Robotics, Inc., Medrobotics Corporation, OMNI life science, Inc., Medicaroid, Inc., Johnson & Johnson and Blue Belt Technologies, Inc

Customization Scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, United States surgical robotics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • United States Surgical Robotics Market, By Component:
    • Surgical Systems
    • Accessories
    • Services
  • United States Surgical Robotics Market, By Surgery Type:
    • Gynecological Surgery
    • Urological Surgery
    • Neurosurgery
    • Orthopedic Surgery
    • General Surgery
    • Others
  • United States Surgical Robotics Market, By End User:
    • Hospitals
    • Ambulatory Surgery Centers
    • Others
  • United States Surgical Robotics Market, By Region:
    • North-East
    • Mid-West
    • West
    • South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States surgical robotics market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on United States Surgical Robotics Market

4.    Executive Summary

5.    Voice of Customer

6.    United States Surgical Robotics Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1.     By Component (Surgical Systems, Accessories, Services)

6.2.2.     By Surgery Type (Gynecological Surgery, Urological Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Others)

6.2.3.     By End User (Hospitals, Ambulatory Surgery Centers, Others)

6.2.4.     By Region

6.2.5.     By Company

6.3.  Product Market Map

7.    United States Surgical Systems Robotics Market Outlook

7.1.  Market Size & Forecast

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1.     By Surgery Type

7.2.2.     By End user

7.3.  Pricing Analysis

8.    United States Surgical Accessories Robotics Market Outlook

8.1.  Market Size & Forecast

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1.     By Surgery Type

8.2.2.     By End user

8.3.  Pricing Analysis

9.    United States Surgical Services Robotics Market Outlook

9.1.  Market Size & Forecast

9.1.1. By Value

9.2.  Market Share & Forecast

9.2.1.     By Surgery Type

9.2.2.     By End user

9.3.  Pricing Analysis

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Development

12.  Policy & Regulatory Landscape

13.  Import Export Analysis

14.  United States Economic Profile

15.  Competitive Landscape

15.1.              Competition Outlook

15.2.              Company Profiles

15.2.1.  Intuitive Surgical Inc.

15.2.2.  Stryker Corporation

15.2.3.  Medtronic

15.2.4.  Smith and Nephew, Inc.

15.2.5.  TransEnterix Surgical, Inc.

15.2.6.  Verb Surgical Inc.

15.2.7.  SRI International Inc.

15.2.8.  Accuray Incorporated

15.2.9.  Think Surgical Inc.

15.2.10.                Auris Surgical Robotics Inc.

15.2.11.                Zimmer Biomet Holdings, Inc.

15.2.12.                Corindus Vascular Robotics, Inc.

15.2.13.                Medrobotics Corporation

15.2.14.                OMNI life science, Inc.

15.2.15.                Medicaroid, Inc.

15.2.16.                Johnson & Johnson

15.2.17.                Blue Belt Technologies, Inc.

16.  Strategic Recommendations

                                                                                                                                                      (Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Intuitive Surgical Inc., Stryker Corporation, Medtronic, Smith and Nephew, Inc., TransEnterix Surgical, Inc., Verb Surgical Inc., SRI International Inc., Accuray Incorporated, Think Surgical Inc., Auris Surgical Robotics Inc., Zimmer Biomet Holdings, Inc., Corindus Vascular Robotics, Inc., Medrobotics Corporation, OMNI life science, Inc., Medicaroid, Inc., Johnson & Johnson, and Blue Belt Technologies, Inc are the leading market players in the United States Surgical Robotics Market.

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Based on surgery type, the market is divided into gynecological surgery, urological surgery, neurosurgery, orthopedic surgery, general surgery, and others. Neurosurgery is expected to lead the market share in the forecast period.

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The high cost of surgical robotic surgeries & robotic systems may hinder the market growth in the forecast period.

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The development of procedure-specific robotic systems and increasing requirements for automation in the healthcare industry drive the demand for the United States Surgical Robotics Market during the forecast period.

profile

Sakshi Bajaal

Business Consultant
Press Release

United States Surgical Robotics Market to Witness Substantial Growth in Coming Years

Oct, 2020

Technological advancements and increasing funding for medical robot research to drive United States surgical robotics market