North America Surgical Robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Instruments & Accessories, Robotic Systems, and Services), Application (Urological Surgery, Orthopedic Surgery, General Surgery, Gynecological Surgery, Cardiothoracic Surgery, Neurosurgery, and Others), and End User (Hospitals, Ambulatory Surgical Centers, and Others)
The surgical robots market in North America is expected to grow from US$ 3,209.61 million in 2022 to US$ 7,402.91 million by 2028; it is estimated to grow at a CAGR of 14.9% from 2022 to 2028.
Growing Adoption of Robots-Assisted Surgery Systems to Offer Ample Opportunities for North America Surgical Robots Market during 2022–2028
The increasing incidence of chronic diseases, gynecological diseases, orthopedic diseases, urological diseases, neurological diseases, cardiothoracic diseases, etc. would generate the demand for robots-assisted surgery systems, owing to their several advantages such as the facilitation of precise, tremor-free surgeries and benefits of minimally invasive methods. The adoption of robotic telesurgery is increasing owing to the rising incidence of cholecystectomy, which is creating growth opportunities for the development of surgical Robots such as the Puma 560, a robot that was first used in 1985. It carried out neurosurgical biopsies and the transurethral resection of the prostate. According to the National Air and Space Administration (NASA) Ames Research Center, telesurgery is one of the most intensive research areas. Intuitive Surgical Inc has been developing active medical robots to perform surgeries. The da Vinci surgical system, an advanced master-slave system, has multiple-slave systems with several robotic arms or manipulators controlled remotely by a surgeon from a console. These systems use miniaturized operating arms, unlike the one-centimeter surgical arms of the Puma 560, avoiding the need to retract the sides of the incision. The Endo-Wrist features of the operating arms in da Vinci also provide seven degrees of movement freedom. Further, newer systems use ergonomically superior open consoles rather than the closed ones of the da Vinci system. Laparo-endoscopic single-site surgery (LESS) robots are also being developed by leading market players. The LESS robots insert the camera and multiple instruments through a single incision, preferably the umbilical, without scar.
Additionally, smaller systems such as the SurgiBot-SPIDER (Single-Port Instrument Delivery Extended Research) systems are being developed, which are significantly less expensive and have not yet gained FDA approval. The Minimally Invasive Neurosurgical Intracranial Robot (MINIR) is one of the newer robots used to remove brain tumors, based on a CTSM with SMA actuators. The flex system uses cables with variable tension to modulate the flexibility of the endoscope, allowing many procedures to be carried out while using only a fraction of the space required by the da Vinci system. The above-mentioned factors are creating growth opportunities for the surgical robots market during the forecast period.
Market Overview
North America holds the largest share of the global surgical robot market. The market in the region is growing due to the rising number of surgical procedures associated with colorectal and urological conditions and increasing healthcare expenditure. The surgical robots market in the US is expected to grow during the forecast period owing to a huge demand for technologically advanced products ensuring better healthcare delivery for newborns. The value-based healthcare model has led to the development of well-equipped NICU centers along with an increasing number of approvals for newborn care devices from the FDA.
North America Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
North America Surgical Robots Market Segmentation
The North America surgical robots market is segmented on the basis of component, application, end user, and country. Based on component, the market is segmented into instruments & accessories, robotic systems, and services. The instruments & accessories segment held the largest market share in 2022.
Based on application, the North America surgical robots market is segmented into urological surgery, orthopedic surgery, general surgery, gynecological surgery, cardiothoracic surgery, neurosurgery, and others. The urological surgery segment held the largest market share in 2022. Based on end user, the North America surgical robots market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment held the largest market share in 2022. Based on country, the North America surgical robots market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022. Intuitive Surgical; Smith+Nephew; Johnson & Johnson Services, Inc.; Stryker; Zimmer Biomet; Medtronic; Siemens Healthineers AG; Asensus Surgical, Inc.; and Renishaw plc are among the leading companies operating in the North America surgical robots market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Surgical Robots Market– By Component
1.3.2 North America Surgical Robots Market– By Application
1.3.3 North America Surgical Robots Market– By End User
1.3.4 North America Surgical Robots Market – By Country
2. North America Surgical Robots Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Surgical Robots Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Expert Opinion
5. North America Surgical Robots Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Number of Surgical Procedures
5.2 Market Restraints
5.2.1 High Cost of Surgical Procedures and Installation
5.3 Market Opportunities
5.3.1 Growing Adoption of Robots-Assisted Surgery Systems
5.4 Future Trends
5.4.1 Development and Launch of Innovative Products
5.5 Impact Analysis
6. Surgical Robots Market – North America Analysis
6.1 North America Surgical Robots Market Revenue Forecast and Analysis
7. North America Surgical Robots Market – by Component
7.1 Overview
7.2 Surgical Robots Market, By Product, 2021 & 2028 (%)
7.3 Instruments & Accessories
7.3.1 Overview
7.3.2 Instruments & Accessories: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Robotic Systems
7.4.1 Overview
7.4.2 Robotic Systems: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
8. North America Surgical Robots Market – By Application
8.1 Overview
8.2 North America Surgical Robots Market Share by Application - 2021 & 2028 (%)
8.3 Urological Surgery:
8.3.1 Overview
8.3.2 Urological Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.4 Orthopedic Surgery
8.4.1 Overview
8.4.2 Orthopedic Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.5 General Surgery
8.5.1 Overview
8.5.2 General Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.6 Gynecological Surgery
8.6.1 Overview
8.6.2 Gynecological Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.7 Cardiothoracic Surgery
8.7.1 Overview
8.7.2 Cardiothoracic Surgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.8 Neurosurgery:
8.8.1 Overview
8.8.2 Neurosurgery: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
9. North America Surgical Robots Market – By End User
9.1 Overview
9.2 Surgical Robots Market Share by Application - 2021 & 2028 (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
9.4 Ambulatory Surgical Centres
9.4.1 Overview
9.4.2 Ambulatory Surgical Centres (ASCs): Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Surgical Robots Market Revenue and Forecast to 2028 (US$ Million)
10. North America Surgical Robots Market – by Country
10.1 North America: Surgical Robots Market
10.1.1 Overview
10.1.2 North America: Surgical Robots Market, by Country, 2021 & 2028 (%)
10.1.2.1 US Surgical Robots Market– Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 Overview
10.1.2.1.2 US: Surgical Robots – Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.3 US: Surgical Robots Market, by Components, 2019–2028 (US$ Million)
10.1.2.1.4 US: Surgical Robots Market, by Application, 2019–2028 (US$ Million)
10.1.2.1.5 US: Surgical Robots Market, by End User, 2019–2028 (US$ Million)
10.1.2.2 Canada: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 Overview
10.1.2.2.2 Canada: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.3 Canada: Surgical Robots Market, by Application, 2019–2028 (US$ Million)
10.1.2.2.4 Canada: Surgical Robots Market, by End User, 2019–2028 (US$ Million)
10.1.2.2.5 Canada: Surgical Robots Market, by Components, 2019–2028 (US$ Million)
10.1.2.3 Mexico: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 Overview
10.1.2.3.2 Mexico: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.3 Mexico: Surgical Robots Market, by Components, 2019–2028 (US$ Million)
10.1.2.3.4 Mexico: Surgical Robots Market, by Application, 2019–2028 (US$ Million)
10.1.2.3.5 Mexico: Surgical Robots Market, by End-User, 2019–2028 (US$ Million)
11. Surgical Robots Market –Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Intuitive Surgical
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Smith+Nephew
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Johnson & Johnson Services, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Stryker
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Zimmer Biomet
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Medtronic
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Siemens Healthineers AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 THINK Surgical
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Asensus Surgical, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Renishaw plc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. US Surgical Robots Market, by Components – Revenue and Forecast to 2028 (USD Million)
Table 2. US Surgical Robots Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. US Surgical Robots Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 4. Canada Surgical Robots Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Surgical Robots Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 6. Mexico Surgical Robots Market, by Components – Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico Surgical Robots Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico Surgical Robots Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 9. Organic Developments Done By Companies
Table 10. Inorganic Developments Done by Companies
Table 11. Glossary of Terms, Surgical Robots Market
LIST OF FIGURES
Figure 1. North America Surgical Robots Market Segmentation
Figure 2. North America Surgical Robots Market Segmentation, By Country
Figure 3. North America Surgical Robots Market Overview
Figure 4. Instruments and Accessories Segment Held Largest Share by Product in Surgical Robots market
Figure 5. US Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. North America: PEST Analysis
Figure 7. North America Expert Opinion
Figure 8. North America Surgical Robots Market Impact Analysis of Drivers and Restraints
Figure 9. North America Surgical Robots Market – Revenue Forecast and Analysis – 2020- 2028
Figure 10. North America Surgical Robots Market, by Product, 2021 & 2028 (%)
Figure 11. North America Instruments & Accessories: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 12. North America Robotic Systems: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. North America Services: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. North America Surgical Robots Market Share by Application - 2021 & 2028 (%)
Figure 15. North America Urological Surgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. North America Orthopedic Surgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. North America General Surgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 18. North America Gynecological Surgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 19. North America Cardiothoracic Surgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 20. North America Neurosurgery: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 21. North America Others: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 22. North America Surgical Robots Market Share by Application - 2021 & 2028 (%)
Figure 23. North America Hospitals: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. North America Ambulatory Surgical Centres (ASCs): Surgical Robots Market Revenue and Forecasts To 2028 (US$ Million)
Figure 25. North America Others: Surgical Robots Market Revenue and Forecasts to 2028 (US$ Million)
Figure 26. North America Surgical Robots Market, by Key Country – Revenue (2021) (US$ Million)
Figure 27. North America: Surgical Robots Market, by Country, 2021 & 2028 (%)
Figure 28. US: Surgical Robots – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Surgical Robots Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Growth Strategies Done by the Companies in the Market, (%)
- Intuitive Surgical
- Smith+Nephew
- Johnson & Johnson Services, Inc.
- Stryker
- Zimmer Biomet
- Medtronic
- Siemens Healthineers AG
- THINK Surgical
- Asensus Surgical, Inc.
- Renishaw plc
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