Table of Content


1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION & SCOPE 27
1.2.1 INCLUSIONS & EXCLUSIONS 28
1.2.2 MARKETS COVERED 28
FIGURE 1 SURGICAL ROBOTS MARKET SEGMENTATION 28
1.2.3 YEARS CONSIDERED 29
1.3 CURRENCY 29
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 29
1.4 STAKEHOLDERS 30
1.5 SUMMARY OF CHANGES 30

2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
2.2 RESEARCH DESIGN 32
FIGURE 2 RESEARCH DESIGN 32
2.2.1 SECONDARY DATA 32
2.2.1.1 Key data from secondary sources 34
2.2.2 PRIMARY RESEARCH 34
FIGURE 3 PRIMARY SOURCES 35
2.2.2.1 Key data from primary sources 36
2.2.2.2 Insights from primary experts 36
2.2.2.3 Breakdown of primaries 37
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 37
2.3 MARKET SIZE ESTIMATION 37
FIGURE 5 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 38
FIGURE 6 SURGICAL ROBOTS MARKET: REVENUE SHARE ANALYSIS ILLUSTRATION OF STRYKER CORPORATION 38
FIGURE 7 TOP-DOWN APPROACH 39
FIGURE 8 CAGR PROJECTIONS 40
FIGURE 9 IMPACT ON MARKET GROWTH & CAGR: ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES (2022–2027) 40
2.4 RECESSION IMPACT ANALYSIS 41
2.5 DATA TRIANGULATION APPROACH 42
FIGURE 10 DATA TRIANGULATION METHODOLOGY 42
2.6 MARKET SHARE ESTIMATION 43
2.7 ASSUMPTIONS 43
2.8 LIMITATIONS 43
2.8.1 METHODOLOGY-RELATED LIMITATIONS 43
2.8.2 SCOPE-RELATED LIMITATIONS 43
2.9 RISK ASSESSMENT 44
TABLE 2 RISK ASSESSMENT: SURGICAL ROBOTS MARKET 44

3 EXECUTIVE SUMMARY 45
FIGURE 11 SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2022 VS. 2027 (USD MILLION) 45
FIGURE 12 SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION) 46
FIGURE 13 SURGICAL ROBOTS MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION) 46
FIGURE 14 SURGICAL ROBOTS MARKET, BY END USER, 2022 VS. 2027 (USD MILLION) 47
FIGURE 15 GEOGRAPHICAL SNAPSHOT OF SURGICAL ROBOTS MARKET 48

4 PREMIUM INSIGHTS 49
4.1 SURGICAL ROBOTS MARKET OVERVIEW 49
FIGURE 16 GROWING ADOPTION OF SURGICAL ROBOTS TO DRIVE MARKET 49
4.2 ASIA PACIFIC: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE AND COUNTRY (2021) 50
FIGURE 17 INSTRUMENTS & ACCESSORIES ACCOUNTED FOR LARGEST SHARE OF SURGICAL ROBOTS MARKET IN 2021 50
4.3 SURGICAL ROBOTS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 51
FIGURE 18 CHINA TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD 51
4.4 SURGICAL ROBOTS MARKET, BY REGION (2020?2027) 52
FIGURE 19 NORTH AMERICA TO CONTINUE TO DOMINATE MARKET DURING FORECAST PERIOD 52
4.5 SURGICAL ROBOTS MARKET: DEVELOPED VS. EMERGING MARKETS 52
FIGURE 20 EMERGING MARKETS TO REGISTER HIGHER GROWTH RATES DURING FORECAST PERIOD 52

5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 21 SURGICAL ROBOTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 53
5.2.1 DRIVERS 54
5.2.1.1 Advantages of robotic-assisted surgery 54
5.2.1.2 Technological advancements 54
5.2.1.3 Improving reimbursement scenario 55
5.2.1.4 Increasing adoption of surgical robots 56
5.2.1.5 Increasing funding for medical robot research 56
5.2.2 RESTRAINTS 57
5.2.2.1 High cost of robotic systems 57
FIGURE 22 COST DIFFERENCE BETWEEN LAPAROSCOPIC AND ROBOTIC SURGERIES 57
5.2.3 OPPORTUNITIES 57
5.2.3.1 Increasing penetration of surgical robots in ASCs 57
5.2.3.2 Growth opportunities in emerging markets 58
5.2.4 CHALLENGES 59
5.2.4.1 Surgical errors 59
5.3 ECOSYSTEM ANALYSIS 60
FIGURE 23 MEDICAL ROBOTS (PARENT MARKET): ECOSYSTEM ANALYSIS 61
FIGURE 24 SURGICAL ROBOTS MARKET: ECOSYSTEM ANALYSIS 61
5.4 KEY CONFERENCES & EVENTS, 2022–2023 62
TABLE 3 SURGICAL ROBOTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 62
5.5 PORTER’S FIVE FORCES ANALYSIS 62
5.5.1 THREAT FROM NEW ENTRANTS 63
5.5.2 THREAT FROM SUBSTITUTES 63
5.5.3 BARGAINING POWER OF SUPPLIERS 63
5.5.4 BARGAINING POWER OF BUYERS 63
5.5.5 INTENSITY OF COMPETITIVE RIVALRY 63
5.6 TECHNOLOGY ANALYSIS 64
TABLE 4 BENEFITS AND EXAMPLES OF TECHNOLOGICAL ADVANCEMENT IN MARKET 64
TABLE 5 TECHNOLOGICAL ADVANCEMENTS IN SURGICAL ROBOTS 65
5.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 6 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
5.8 REGULATORY ANALYSIS 67
5.8.1 NORTH AMERICA 67
5.8.1.1 US 67
TABLE 7 US FDA: MEDICAL DEVICE CLASSIFICATION 67
TABLE 8 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS 68
5.8.2 EUROPE 68
5.8.3 ASIA PACIFIC 68
5.8.3.1 Japan 68
TABLE 9 JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA 69
5.8.3.2 China 69
TABLE 10 CHINA: CLASSIFICATION OF MEDICAL DEVICES 69
5.8.3.3 India 70
5.9 PRICING ANALYSIS 70
FIGURE 25 AVERAGE SELLING PRICE OF ROBOTIC SYSTEMS, BY KEY PLAYER 70
TABLE 11 AVERAGE SELLING PRICE OF ROBOTIC SYSTEMS, BY KEY PLAYER (USD) 71
FIGURE 26 AVERAGE SELLING PRICE TREND OF ROBOTICS SYSTEMS, BY TYPE (2018 VS. 2021) 71
5.10 VALUE CHAIN ANALYSIS 71
FIGURE 27 VALUE CHAIN ANALYSIS: MAXIMUM VALUE IS ADDED DURING MANUFACTURING PHASE 72
5.11 PRODUCT PIPELINE ASSESSMENT 73
5.11.1 CLINICAL TRIALS FOR SURGICAL ROBOTS 73
TABLE 12 SURGICAL ROBOTS: INDICATIVE LIST OF CLINICAL TRIALS IN PHASE I, II, AND III 73
5.12 PATENT ANALYSIS 73
5.12.1 PATENT PUBLICATION TRENDS FOR SURGICAL ROBOTS 73
FIGURE 28 PATENT PUBLICATION TRENDS (JANUARY 2011–NOVEMBER 2022) 74
5.12.2 INSIGHTS: JURISDICTION AND TOP APPLICANT ANALYSIS 74
FIGURE 29 TOP PATENT APPLICANTS AND OWNERS (COMPANIES/INSTITUTES) FOR SURGICAL ROBOTS (JANUARY 2011–NOVEMBER 2022) 75
FIGURE 30 TOP APPLICANT JURISDICTIONS FOR SURGICAL ROBOT PATENTS (JANUARY 2011–NOVEMBER 2022) 76
TABLE 13 LIST OF PATENTS IN SURGICAL ROBOTS MARKET, 2020–2022 76
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 78
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 78
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ROBOTIC SYSTEMS AND INSTRUMENTS & ACCESSORIES 78
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ROBOTIC SYSTEMS AND INSTRUMENTS & ACCESSORIES 78
5.13.2 BUYING CRITERIA 78
FIGURE 32 KEY BUYING CRITERIA FOR ROBOTIC SYSTEMS AND INSTRUMENTS & ACCESSORIES 78
TABLE 15 KEY BUYING CRITERIA FOR ROBOTIC SYSTEMS AND INSTRUMENTS & ACCESSORIES 79

6 SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE 80
6.1 INTRODUCTION 81
TABLE 16 SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 81
6.2 INSTRUMENTS & ACCESSORIES 81
6.2.1 NEED FOR RECURRENT PURCHASE OF INSTRUMENTS & ACCESSORIES TO DRIVE MARKET GROWTH 81
TABLE 17 SURGICAL ROBOT INSTRUMENTS & ACCESSORIES MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 82
6.3 ROBOTIC SYSTEMS 83
TABLE 18 SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 83
TABLE 19 SURGICAL ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 84
6.3.1 LAPAROSCOPIC ROBOTIC SYSTEMS 84
6.3.1.1 Growing popularity of laparoscopic robotic surgeries to drive market 84
TABLE 20 NUMBER OF LAPAROSCOPIC SURGICAL PROCEDURES PERFORMED, 2010 VS. 2020 (PER 100,000 INHABITANTS) 85
TABLE 21 LAPAROSCOPIC ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 85
6.3.2 ORTHOPEDIC ROBOTIC SYSTEMS 86
6.3.2.1 Increasing number of market players offering orthopedic robots to support growth 86
FIGURE 33 NUMBER OF HIP REPLACEMENT SURGICAL PROCEDURES PERFORMED, 2009 VS. 2019 86
FIGURE 34 NUMBER OF KNEE REPLACEMENT SURGICAL PROCEDURES PERFORMED, 2009 VS. 2019 87
TABLE 22 ORTHOPEDIC ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 87
6.3.3 NEUROSURGICAL ROBOTIC SYSTEMS 88
6.3.3.1 Advantages like better reproducibility and greater precision to drive uptake 88
TABLE 23 NEUROSURGICAL ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 88
6.3.4 OTHER ROBOTIC SYSTEMS 89
TABLE 24 OTHER SURGICAL ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 89
6.4 SERVICES 90
6.4.1 ONGOING NEED FOR SERVICES TO PROPEL MARKET 90
TABLE 25 SURGICAL ROBOT SERVICES MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 90

7 SURGICAL ROBOTS MARKET, BY APPLICATION 91
7.1 INTRODUCTION 92
TABLE 26 SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 92
7.2 GENERAL SURGERY 92
7.2.1 GROWING PREFERENCE FOR ROBOTIC-ASSISTED GENERAL SURGICAL PROCEDURES TO DRIVE MARKET GROWTH 92
TABLE 27 SURGICAL ROBOTS MARKET FOR GENERAL SURGERY, BY COUNTRY, 2020–2027 (USD MILLION) 93
7.3 GYNECOLOGICAL SURGERY 94
7.3.1 RISING NUMBER OF HYSTERECTOMIES TO INCREASE DEMAND FOR SURGICAL ROBOTS 94
TABLE 28 SURGICAL ROBOTS MARKET FOR GYNECOLOGICAL SURGERY, BY COUNTRY, 2020–2027 (USD MILLION) 95
7.4 ORTHOPEDIC SURGERY 95
7.4.1 GROWING PREFERENCE FOR KNEE RECONSTRUCTION PROCEDURES TO SUPPORT GROWTH 95
TABLE 29 SURGICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY, BY COUNTRY, 2020–2027 (USD MILLION) 96
7.5 UROLOGICAL SURGERY 97
7.5.1 GROWING PREVALENCE OF UROLOGICAL DISEASES TO FUEL DEMAND FOR SURGICAL ROBOTS 97
TABLE 30 SURGICAL ROBOTS MARKET FOR UROLOGICAL SURGERY, BY COUNTRY, 2020–2027 (USD MILLION) 98
7.6 NEUROSURGERY 98
7.6.1 INCREASING USE OF ROBOTIC TECHNOLOGIES IN NEUROSURGICAL PROCEDURES TO DRIVE ADOPTION 98
TABLE 31 SURGICAL ROBOTS MARKET FOR NEUROSURGERY, BY COUNTRY, 2020–2027 (USD MILLION) 99
7.7 OTHER APPLICATIONS 100
TABLE 32 SURGICAL ROBOTS MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 100

8 SURGICAL ROBOTS MARKET, BY END USER 101
8.1 INTRODUCTION 102
TABLE 33 SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 102
8.2 HOSPITALS & CLINICS 102
8.2.1 INCREASING NUMBER OF ROBOTIC-ASSISTED SURGERIES TO PROPEL MARKET GROWTH 102
TABLE 34 RECENTLY ACQUIRED SURGICAL ROBOT SYSTEMS IN HOSPITALS 103
TABLE 35 SURGICAL ROBOTS MARKET FOR HOSPITALS & CLINICS, BY COUNTRY, 2020–2027 (USD MILLION) 104
8.3 AMBULATORY SURGERY CENTERS 104
8.3.1 GROWING PATIENT PREFERENCE FOR AMBULATORY CENTERS DUE TO COST-EFFECTIVE TREATMENTS TO DRIVE GROWTH 104
TABLE 36 SURGICAL ROBOTS MARKET FOR AMBULATORY SURGERY CENTERS, BY COUNTRY, 2020–2027 (USD MILLION) 106

9 SURGICAL ROBOTS MARKET, BY REGION 107
9.1 INTRODUCTION 108
FIGURE 35 SURGICAL ROBOTS MARKET: GEOGRAPHIC SNAPSHOT (2021) 108
TABLE 37 SURGICAL ROBOTS MARKET, BY REGION, 2020–2027 (USD MILLION) 109
9.2 NORTH AMERICA 110
FIGURE 36 NORTH AMERICA: SURGICAL ROBOTS MARKET SNAPSHOT 110
TABLE 38 NORTH AMERICA: SURGICAL ROBOTS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 111
TABLE 39 NORTH AMERICA: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 111
TABLE 40 NORTH AMERICA: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 111
TABLE 41 NORTH AMERICA: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 112
TABLE 42 NORTH AMERICA: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 112
9.2.1 IMPACT OF RECESSION ON NORTH AMERICAN SURGICAL ROBOTS MARKET 112
9.2.2 US 113
9.2.2.1 US to dominate North American surgical robots market during forecast period 113
TABLE 43 US: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 114
TABLE 44 US: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 114
TABLE 45 US: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 114
TABLE 46 US: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 115
9.2.3 CANADA 115
9.2.3.1 Increased adoption of surgical robots to drive market growth 115
TABLE 47 CANADA: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 116
TABLE 48 CANADA: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 116
TABLE 49 CANADA: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 116
TABLE 50 CANADA: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 117
9.3 EUROPE 117
TABLE 51 EUROPE: SURGICAL ROBOTS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 117
TABLE 52 EUROPE: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 118
TABLE 53 EUROPE: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 118
TABLE 54 EUROPE: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 118
TABLE 55 EUROPE: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 119
9.3.1 IMPACT OF RECESSION ON EUROPEAN SURGICAL ROBOTS MARKET 119
9.3.2 GERMANY 119
9.3.2.1 Germany to dominate European surgical robots market 119
TABLE 56 GERMANY: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 120
TABLE 57 GERMANY: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 120
TABLE 58 GERMANY: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 121
TABLE 59 GERMANY: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 121
9.3.3 ITALY 121
9.3.3.1 Increasing number of robotic surgical procedures to propel market 121
TABLE 60 ITALY: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 122
TABLE 61 ITALY: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 122
TABLE 62 ITALY: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 123
TABLE 63 ITALY: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 123
9.3.4 FRANCE 123
9.3.4.1 Favorable investments and growing demand for surgical robotic systems to boost growth 123
TABLE 64 FRANCE: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 124
TABLE 65 FRANCE: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 124
TABLE 66 FRANCE: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 125
TABLE 67 FRANCE: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 125
9.3.5 UK 125
9.3.5.1 Rising investments to support adoption of surgical robots to aid market 125
TABLE 68 UK: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 126
TABLE 69 UK: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 126
TABLE 70 UK: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 127
TABLE 71 UK: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 127
9.3.6 SPAIN 128
9.3.6.1 Increasing number of robotic-assisted surgical procedures and initiatives to fuel growth 128
TABLE 72 SPAIN: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 128
TABLE 73 SPAIN: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 129
TABLE 74 SPAIN: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 129
TABLE 75 SPAIN: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 129
9.3.7 SWITZERLAND 130
9.3.7.1 Rising number of start-ups to support market growth 130
TABLE 76 SWITZERLAND: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 130
TABLE 77 SWITZERLAND: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 131
TABLE 78 SWITZERLAND: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 131
TABLE 79 SWITZERLAND: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 131
9.3.8 REST OF EUROPE 132
TABLE 80 REST OF EUROPE: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 132
TABLE 81 REST OF EUROPE: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 133
TABLE 82 REST OF EUROPE: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 133
TABLE 83 REST OF EUROPE: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 134
9.4 ASIA PACIFIC 134
FIGURE 37 ASIA PACIFIC: SURGICAL ROBOTS MARKET SNAPSHOT 135
TABLE 84 ASIA PACIFIC: SURGICAL ROBOTS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 136
TABLE 85 ASIA PACIFIC: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 136
TABLE 86 ASIA PACIFIC: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 136
TABLE 87 ASIA PACIFIC: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 137
TABLE 88 ASIA PACIFIC: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 137
9.4.1 IMPACT OF RECESSION ON ASIA PACIFIC SURGICAL ROBOTS MARKET 137
9.4.2 JAPAN 138
9.4.2.1 Japan to dominate market in APAC 138
TABLE 89 JAPAN: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 138
TABLE 90 JAPAN: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 139
TABLE 91 JAPAN: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 139
TABLE 92 JAPAN: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 139
9.4.3 CHINA 140
9.4.3.1 Increasing initiatives from domestic players to boost market 140
TABLE 93 CHINA: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 141
TABLE 94 CHINA: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 141
TABLE 95 CHINA: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 141
TABLE 96 CHINA: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 142
9.4.4 INDIA 142
9.4.4.1 Growing healthcare infrastructure in India to support market growth 142
TABLE 97 INDIA: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 143
TABLE 98 INDIA: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 143
TABLE 99 INDIA: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 144
TABLE 100 INDIA: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 144
9.4.5 AUSTRALIA 144
9.4.5.1 Increasing implementation and development of surgical robotic training programs in Australia to boost market 144
TABLE 101 AUSTRALIA: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 145
TABLE 102 AUSTRALIA: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 145
TABLE 103 AUSTRALIA: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 146
TABLE 104 AUSTRALIA: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 146
9.4.6 REST OF ASIA PACIFIC 146
TABLE 105 REST OF ASIA PACIFIC: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 147
TABLE 106 REST OF ASIA PACIFIC: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 147
TABLE 107 REST OF ASIA PACIFIC: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 148
TABLE 108 REST OF ASIA PACIFIC: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 148
9.5 LATIN AMERICA 149
9.5.1 INCREASING ADOPTION OF ROBOTIC SYSTEMS TO FUEL MARKET GROWTH DURING FORECAST PERIOD 149
TABLE 109 LATIN AMERICA: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 150
TABLE 110 LATIN AMERICA: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 150
TABLE 111 LATIN AMERICA: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 151
TABLE 112 LATIN AMERICA: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 151
9.5.2 IMPACT OF RECESSION ON LATIN AMERICAN SURGICAL ROBOTS MARKET 151
9.6 MIDDLE EAST & AFRICA 152
9.6.1 EXPANSION OF COMPANIES TO DRIVE DEMAND FOR SURGICAL ROBOTS 152
TABLE 113 MIDDLE EAST & AFRICA: SURGICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020–2027 (USD MILLION) 153
TABLE 114 MIDDLE EAST & AFRICA: SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2027 (USD MILLION) 153
TABLE 115 MIDDLE EAST & AFRICA: SURGICAL ROBOTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 154
TABLE 116 MIDDLE EAST & AFRICA: SURGICAL ROBOTS MARKET, BY END USER, 2020–2027 (USD MILLION) 154
9.6.2 IMPACT OF RECESSION ON MIDDLE EASTERN & AFRICAN SURGICAL ROBOTS MARKET 154

10 COMPETITIVE LANDSCAPE 155
10.1 OVERVIEW 155
10.2 STRATEGIES ADOPTED BY KEY PLAYERS 155
TABLE 117 OVERVIEW OF STRATEGIES ADOPTED BY MAJOR PLAYERS IN SURGICAL ROBOTS MARKET 156
10.3 REVENUE SHARE ANALYSIS OF KEY PLAYERS (2021) 157
FIGURE 38 REVENUE ANALYSIS FOR KEY PLAYERS IN SURGICAL ROBOTS MARKET, 2017–2021 158
10.4 MARKET SHARE ANALYSIS OF KEY PLAYERS (2021) 158
FIGURE 39 MARKET SHARE ANALYSIS FOR KEY PLAYERS IN SURGICAL ROBOTS MARKET, 2021 159
TABLE 118 SURGICAL ROBOTS MARKET: DEGREE OF COMPETITION 159
10.5 COMPETITIVE BENCHMARKING 161
TABLE 119 SURGICAL ROBOTS MARKET: DETAILED LIST OF SMALL & MEDIUM-SIZED PLAYERS 161
10.6 COMPANY EVALUATION QUADRANT FOR KEY PLAYERS 162
10.6.1 STARS 162
10.6.2 PERVASIVE PLAYERS 162
10.6.3 EMERGING LEADERS 162
10.6.4 PARTICIPANTS 162
FIGURE 40 SURGICAL ROBOTS MARKET: COMPANY EVALUATION QUADRANT FOR KEY PLAYERS, 2021 163
10.7 COMPANY EVALUATION QUADRANT FOR SMES/START-UPS 164
10.7.1 PROGRESSIVE COMPANIES 164
10.7.2 DYNAMIC COMPANIES 164
10.7.3 STARTING BLOCKS 164
10.7.4 RESPONSIVE COMPANIES 164
FIGURE 41 SURGICAL ROBOTS MARKET: COMPANY EVALUATION QUADRANT FOR SMES & START-UPS, 2021 165
10.8 COMPANY FOOTPRINT 166
TABLE 120 SURGICAL ROBOTS MARKET: COMPANY FOOTPRINT 166
10.8.1 PRODUCT & SERVICE FOOTPRINT 167
TABLE 121 COMPANY FOOTPRINT: BY PRODUCT & SERVICE 167
10.8.2 APPLICATION FOOTPRINT 168
TABLE 122 COMPANY FOOTPRINT: BY APPLICATION 168
10.8.3 END USER FOOTPRINT 169
TABLE 123 COMPANY FOOTPRINT: BY END USER 169
10.8.4 REGIONAL FOOTPRINT 170
TABLE 124 COMPANY FOOTPRINT: BY REGION 170
10.9 COMPETITIVE SCENARIO 171
10.9.1 PRODUCT LAUNCHES & APPROVALS 171
TABLE 125 PRODUCT LAUNCHES & APPROVALS, 2019–2022 171
10.9.2 DEALS 172
10.9.3 OTHER DEVELOPMENTS 172
TABLE 127 OTHER DEVELOPMENTS, 2019–2022 172

11 COMPANY PROFILES 174
11.1 KEY PLAYERS 174
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
11.1.1 INTUITIVE SURGICAL 174
TABLE 128 INTUITIVE SURGICAL: COMPANY OVERVIEW 174
FIGURE 42 INTUITIVE SURGICAL: COMPANY SNAPSHOT (2021) 175
11.1.2 STRYKER CORPORATION 178
TABLE 129 STRYKER CORPORATION: COMPANY OVERVIEW 178
FIGURE 43 STRYKER CORPORATION: COMPANY SNAPSHOT (2021) 179
11.1.3 MEDTRONIC PLC 183
TABLE 130 MEDTRONIC PLC: COMPANY OVERVIEW 183
FIGURE 44 MEDTRONIC PLC: COMPANY SNAPSHOT (2022) 184
11.1.4 SMITH & NEPHEW 187
TABLE 131 SMITH & NEPHEW: COMPANY OVERVIEW 187
FIGURE 45 SMITH & NEPHEW: COMPANY SNAPSHOT (2021) 188
11.1.5 ZIMMER BIOMET 191
TABLE 132 ZIMMER BIOMET: COMPANY OVERVIEW 191
FIGURE 46 ZIMMER BIOMET: COMPANY SNAPSHOT (2021) 192
11.1.6 ASENSUS SURGICAL INC. 194
TABLE 133 ASENSUS SURGICAL INC.: COMPANY OVERVIEW 194
FIGURE 47 ASENSUS SURGICAL INC.: COMPANY SNAPSHOT (2021) 195
11.1.7 SIEMENS HEALTHINEERS AG 198
TABLE 134 SIEMENS HEALTHINEERS AG: COMPANY OVERVIEW 198
FIGURE 48 SIEMENS HEALTHINEERS AG: COMPANY SNAPSHOT (2022) 199
11.1.8 RENISHAW PLC 201
TABLE 135 RENISHAW PLC: COMPANY OVERVIEW 201
FIGURE 49 RENISHAW PLC: COMPANY SNAPSHOT (2022) 202
11.1.9 CMR SURGICAL 203
TABLE 136 CMR SURGICAL: COMPANY OVERVIEW 203
11.1.10 THINK SURGICAL INC. 206
TABLE 137 THINK SURGICAL INC.: COMPANY OVERVIEW 206
11.1.11 CORIN 209
TABLE 138 CORIN: COMPANY OVERVIEW 209
11.1.12 PRECEYES BV 211
TABLE 139 PRECEYES BV: COMPANY OVERVIEW 211
11.1.13 MICROSURE 212
TABLE 140 MICROSURE: COMPANY OVERVIEW 212
11.1.14 TITAN MEDICAL INC. 213
TABLE 141 TITAN MEDICAL INC.: COMPANY OVERVIEW 213
FIGURE 50 TITAN MEDICAL INC.: COMPANY SNAPSHOT (2021) 214
11.1.15 AVATERAMEDICAL GMBH 216
TABLE 142 AVATERAMEDICAL GMBH: COMPANY OVERVIEW 216
11.1.16 MEDICAROID CORPORATION 218
TABLE 143 MEDICAROID CORPORATION: COMPANY OVERVIEW 218
11.1.17 BRAINLAB AG 220
TABLE 144 BRAINLAB AG: COMPANY OVERVIEW 220
11.1.18 ECENTIAL ROBOTICS 221
TABLE 145 ECENTIAL ROBOTICS: COMPANY OVERVIEW 221
11.1.19 GLOBUS MEDICAL, INC. 223
TABLE 146 GLOBUS MEDICAL, INC.: COMPANY OVERVIEW 223
FIGURE 51 GLOBUS MEDICAL, INC.: COMPANY SNAPSHOT (2022) 224
11.1.20 JOHNSON & JOHNSON 225
TABLE 147 JOHNSON & JOHNSON: COMPANY OVERVIEW 225
FIGURE 52 JOHNSON & JOHNSON: COMPANY SNAPSHOT (2022) 226
11.2 OTHER PLAYERS 227
11.2.1 MOMENTIS INNOVATIVE SURGERY LTD. 227
TABLE 148 MOMENTIS INNOVATIVE SURGERY LTD.: COMPANY OVERVIEW 227
11.2.2 SUDHIR SRIVASTAVA INNOVATIONS PVT. LTD. 228
TABLE 149 SUDHIR SRIVASTAVA INNOVATIONS PVT. LTD.: COMPANY OVERVIEW 228
11.2.3 TINAVI MEDICAL TECHNOLOGIES CO., LTD. 229
TABLE 150 TINAVI MEDICAL TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW 229
11.2.4 DISTALMOTION 231
TABLE 151 DISTALMOTION: COMPANY OVERVIEW 231
11.2.5 MONTERIS MEDICAL 232
TABLE 152 MONTERIS MEDICAL: COMPANY OVERVIEW 232
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.

12 APPENDIX 233
12.1 INSIGHTS FROM INDUSTRY EXPERTS 233
12.2 DISCUSSION GUIDE 234
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 238
12.4 AVAILABLE CUSTOMIZATIONS 240
12.5 RELATED REPORTS 240
12.6 AUTHOR DETAILS 241