Asia Pacific Surgical Robotics Market Growth, Size, Trends, Demand, Share and Future Outlook
Asia Pacific Surgical Robotics Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2024 | Report ID: MEDE2438 | Pages: 1 - 154 | Formats*: |
| Category : Medical Devices | |||
Asia Pacific Surgical Robotics Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Surgical Robotics Market is estimated to reach USD 5.51 billion by 2033 with a CAGR 11.81%.
The report includes an in-depth analysis of the Asia Pacific Surgical Robotics Market, including market size and trends, product mix, distribution channels, and supplier analysis. Surgical robots are medical gadgets used in the healthcare industry to help surgeons or execute complex surgical procedures on patients. Because of the numerous benefits provided by robotic operations, such as high precision, minimally invasive incisions, reduced scars, improved vision, and faster post-surgery recovery, physicians choose to use surgical robots as standard-of-care systems. Furthermore, the use of surgical robots has enhanced surgeon ergonomics by reducing physical strain, providing more degrees of freedom, improving the visualisation system, and increasing flexibility in the surgeon console.
- In February 2024, Medical Microinstruments raised USD 110 million in a venture round to fund the commercial launch of the Symani system.
- In January 2024, THINK Surgical announced a strategic collaboration with two orthopaedic implant manufacturers, b-ONE Ortho and Maxx Orthopaedics, to add their knee implants to the ID HUB database for the TMINI small robotic system.
- In September 2023, CMR Surgical received USD 165 million in a venture financing to fund the commercialization of the next-generation Versius® surgical robotic system.
Market Opportunities and Challenges
Opportunities: Technological advancements provide numerous opportunities for surgical robotics companies. To build autonomous surgical robots with more precision and efficiency, robotics businesses are investing heavily in robotic technologies, artificial intelligence, machine learning, data analytics, and medical imaging software. Furthermore, surgical robots are increasingly integrating with artificial intelligence, allowing for the streamlining of surgical procedures. AI-assisted robots aid in the enhancement of surgeons' decision-making capabilities, the identification of anomalies in medical imaging, the reduction of scars/incisions, and the likelihood of human errors. Recently, the combination of wireless networking systems with robotic technology has resulted in the creation of telesurgery (remote surgery), in which surgeons participate in robotic surgery from a remote location. As a result, the increase of telemedicine and technological advancements in the AI-based surgical robots market will continue to provide growth possibilities for surgical robot manufacturers.
Challenges: Operating surgical robots necessitates highly skilled skills due to their sophisticated design and advanced capabilities. This necessitates not just a deep understanding of surgical procedures, but also extensive knowledge of robotic technology itself. However, the Asia-Pacific region has a significant shortage of professionals with these skills. The shortage is due to a lack of training courses and excessive prices for obtaining the necessary competence. The rapid growth of surgical robotics needs ongoing training to stay current. The Asia-Pacific Surgical Market has considerable obstacles due to a lack of qualified personnel to operate surgical robots. Robotics market. The region's growing demand for robotic treatments is hampered by a trained people deficit, which could stifle industry growth.
Market Competitive Landscape
The Asia-Pacific surgical robots market competitive landscape includes information on competitors. Details include the company's overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The preceding data elements are only relevant to the companies' emphasis on the Asia-Pacific surgical robotics industry. Key market players are Stryker Corporation, Intuitive Surgical, Inc, Mazor Robotics, THINK Surgical Inc, Smith & Nephew Plc (Blue Belt Technologies, Inc), KUKA AG, Zimmer Biomet Holdings Inc, Medtronic Plc, Renishaw Plc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Application |
| Regions covered | China, Japan, India, South Korea, Australia, Indonesia, Others |
| Companies Covered | Stryker Corporation, Intuitive Surgical, Inc, Mazor Robotics, THINK Surgical Inc, Smith & Nephew Plc. (Blue Belt Technologies, Inc), KUKA AG, Zimmer Biomet Holdings Inc, Medtronic Plc, Renishaw Plc. |
COVID-19 Impact on Asia Pacific Surgical Robotics Market
The COVID-19 epidemic has had a major impact on the Asia-Pacific surgical robotics market. The epidemic demonstrated the necessity for new healthcare technologies and methods to properly combat the virus. The main effect of the pandemic on the market is Increased need for Telemedicine and Remote Surgery: The pandemic accelerated the use of telemedicine and remote surgery, increasing the need for surgical robots capable of performing surgeries with minimal human interaction. Furthermore, Healthcare facilities saw delayed investments in surgical robots due to deferral of non-urgent treatments and economic worries during the pandemic.
Key Target Audience:
- Hospitals and Healthcare Providers
- Ambulatory Surgery Centers
- Specialty Clinics
- Research and Academic Institutions
- Medical Device Distributors
- Surgeons and Medical Professionals
- Government and Regulatory Bodies
- Medical and Surgical Robotics Manufacturers
Our in-depth analysis of the Asia Pacific Surgical Robotics Market includes the following segments:
| By Type: |
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| By Application: |
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Key Topics Covered in the Report:
- Asia Pacific Surgical Robotics Market Size (FY’2024-FY’2033)
- Overview of Asia Pacific Surgical Robotics Market
- Segmentation of Asia Pacific Surgical Robotics Market By Type (Surgical Systems, Instruments and Accessories, Services)
- Segmentation of Asia Pacific Surgical Robotics Market By Application (General Surgery, Urology Surgery, Gynecology Surgery, Orthopedic Surgery, Cardiology Surgery, Head and Neck Surgery, Other Surgeries)
- Statistical Snap of Asia Pacific Surgical Robotics Market
- Expansion Analysis of Asia Pacific Surgical Robotics Market
- Problems and Obstacles in Asia Pacific Surgical Robotics Market
- Competitive Landscape in the Asia Pacific Surgical Robotics Market
- Impact of COVID-19 and Demonetization on Asia Pacific Surgical Robotics Market
- Details on Current Investment in Asia Pacific Surgical Robotics Market
- Competitive Analysis of Asia Pacific Surgical Robotics Market
- Prominent Players in the Asia Pacific Surgical Robotics Market
- SWOT Analysis of Asia Pacific Surgical Robotics Market
- Asia Pacific Surgical Robotics Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Asia Pacific Surgical Robotics Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia Pacific Surgical Robotics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Surgical Robotics Market
7. Asia Pacific Surgical Robotics Market, By Type (USD Million) 2020-2033
7.1. Asia Pacific Surgical Robotics Market Size, Share and Forecast, By Type, 2020-20267.2. Asia Pacific Surgical Robotics Market Size, Share and Forecast, By Type, 2027-20337.3. Surgical Systems7.4. Instruments and Accessories7.5. Services
8. Asia Pacific Surgical Robotics Market, By Application (USD Million) 2020-2033
8.1. Asia Pacific Surgical Robotics Market Size, Share and Forecast, By Application, 2020-20268.2. Asia Pacific Surgical Robotics Market Size, Share and Forecast, By Application, 2027-20338.3. General Surgery8.4. Urology Surgery8.5. Gynecology Surgery8.6. Orthopedic Surgery8.7. Cardiology Surgery8.8. Head and Neck (including Neurology) Surgery8.9. Other Surgeries
9. Asia Pacific Surgical Robotics Market Forecast, 2020-2033 (USD Million)
9.1. Asia Pacific Surgical Robotics Market Size and Market Share
10. Asia Pacific Surgical Robotics Market, By Region, 2020-2033 (USD Million)
10.1. Asia Pacific Surgical Robotics Market Size and Market Share By Region (2020-2026)10.2. Asia Pacific Surgical Robotics Market Size and Market Share By Region (2027-2033)10.3. China10.4. Japan10.5. India10.6. South Korea10.7. Australia10.8. Indonesia10.9. Others
11. Company Profile
11.1. Stryker Corporation11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Intuitive Surgical, Inc11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. Mazor Robotics11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. THINK Surgical Inc11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. Smith & Nephew Plc (Blue Belt Technologies, Inc)11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. KUKA AG11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Zimmer Biomet Holdings Inc11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Medtronic Plc11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Renishaw Plc11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia Pacific Surgical Robotics Market is projected to reach USD 5.51 billion by 2033, growing at a CAGR of 11.81% during the forecast period.
Asia Pacific Surgical Robotics Market grew in market size from 2024. The Market is expected to reach 5.51 billion by 2033, at a CAGR of 11.81% during the forecast period.
Asia Pacific Surgical Robotics Market CAGR of 11.81% during the forecast period.
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Asia Pacific Surgical Robotics Market size is USD 5.51 billion from 2024 to 2033.
Asia Pacific Surgical Robotics Market Segment is Covered By Type, By Application.
The Asia-Pacific region is anticipated to have the highest market share in Asia Pacific Surgical Robotics Market.
The key players in the market include Companies Covered Stryker Corporation, Intuitive Surgical, Inc, Mazor Robotics, THINK Surgical Inc, Smith & Nephew Plc. (Blue Belt Technologies, Inc), KUKA AG, Zimmer Biomet Holdings Inc, Medtronic Plc, Renishaw Plc.
surgical robots are increasingly integrating with artificial intelligence, allowing for the streamlining of surgical procedures. AI-assisted robots aid in the enhancement of surgeons' decision-making capabilities.
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