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AI-based Surgical Robots Market Size, Share & Trends Analysis Report By Type (Services, Instruments & Accessories), By Application (Orthopedics, Neurology, Urology, Gynecology), By Region, And Segment Forecasts, 2022 - 2030

July 2022 | 118 pages | ID: A90C442A29D4EN
Grand View Research, Inc.

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AI-based Surgical Robots Market Growth & Trends

The global AI-based surgical robots market size is expected to reach USD 25.2 billion by 2030, registering a CAGR of 18.5% during the forecast period, according to a new report published by Grand View Research, Inc. Robot-assisted surgery allows physicians to perform several types of complex surgical procedures with more flexibility, fewer risks, and with a faster recovery time. In addition, the incorporation of Artificial intelligence (AI) in robotic surgeries has revolutionized the automated medical devices industry.

The increased success rate and high efficiency of AI-based surgical robots are anticipated to fuel their adoption all around the world. Furthermore, the shift in preference towards automated minimally invasive procedures over conventional methods of surgeries by patients is further boosting the market growth.

Based on type, the instruments and accessories segment dominated the market, with a revenue share of around 51% in 2021. This growth can be attributed to the growing adoption of AI-based surgical robots & their accessories and the increasing number of next-generation modern hospitals. In addition, an increase in surgical robot product development activities by manufacturers is also anticipated to drive the segment in the coming years. Moreover, increasing preference for minimally invasive AI-based robotic surgeries is further anticipated to propel segment growth.

Based on application, the others segment dominated the market in terms of revenue share in 2021. The segment includes general surgeries, oncological & laparoscopies interventions, and procedures. The growing prevalence of cancer, heart diseases, and other chronic disorders further increases the adoption of AI-based surgical robots, which, in turn, is likely to drive segment growth. The increase in robot-assisted procedures such as cutting away cancer tissue, coronary artery bypass, kidney removal, and transplants are also expected to fuel segment growth in the coming years.

North America accounted for a high revenue share of around 44% in 2021. This growth can be attributed to improved modern healthcare infrastructure, rapid developments in AI-based robotic surgeries, and an increase in healthcare expenditure. In addition, the presence of leading players and continuous innovations in robotic equipment is also expected to boost the market growth in this region.

Moreover, growing awareness and adoption of automated medical devices for surgical procedures is further supporting the high revenue share for this region. Furthermore, the COVID-19 pandemic had a negative impact on the market in 2020, owing to the reduced number of surgical procedures and postponement of elective surgeries. In addition, disruption of the supply chain, continuous lockdowns, and shutdowns also hampered new product developmental activities in 2020. However, the growing preference for automated robotic surgeries and minimally invasive procedures is likely to accelerate market growth during the post-pandemic period.

AI-based Surgical Robots Market Report Highlights
  • The global market growth can be attributed to the increased success rate and high efficiency of AI-based surgical robots
  • The instruments and accessories segment dominated the market in 2021, which can be attributed to increasing surgical robot product development activities by manufacturers and rising adoption of the devices
  • The others segment dominated the market with a revenue share of over 35% in 2021, owing to increasing robot-assisted general surgeries and laparoscopies, along with the rising prevalence of conditions such as breast cancer
  • North America dominated the market with a high revenue share in 2021, owing to improved modern healthcare infrastructure, rapid developments in AI-based robotic surgeries, and an increase in healthcare expenditure in the region, among others
CHAPTER 1 RESEARCH METHODOLOGY & SCOPE

1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Research Methodology
  1.3.1 Information Procurement
    1.3.1.1 Purchased Database
    1.3.1.2 GVR’s Internal Database
  1.3.2 Primary Research
1.4 Research Scope and Assumptions
1.5 List of Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Outlook
2.2 Segment Outlook

CHAPTER 3 GLOBAL AI-BASED SURGICAL ROBOTS MARKET VARIABLES, TRENDS, & SCOPE

3.1 Penetration and Growth Prospect Mapping
3.2 Market Dynamics
  3.2.1 Market Driver Analysis
  3.2.2 Market Restraint Analysis
  3.2.3 Industry Challenges
3.3 Global AI-based Surgical Robots Market Analysis Tools
  3.3.1 Industry Analysis - Porter’s
    3.3.1.1 Bargaining Power of the Suppliers
    3.3.1.2 Bargaining Power of the Buyers
    3.3.1.3 Threats of Substitution
    3.3.1.4 Threats From New Entrants
    3.3.1.5 Competitive Rivalry
  3.3.2 PESTEL Analysis
    3.3.2.1 Political Landscape
    3.3.2.2 Economic and Social landscape
    3.3.2.3 Technology Landscape
    3.3.2.4 Legal Landscape
    3.3.2.5 Technology Landscape
  3.3.3 Major Deals & Strategic Alliances Analysis
3.4 COVID-19 Impact on the Market

CHAPTER 4 AI-BASED SURGICAL ROBOTS MARKET: TYPE ESTIMATES & TREND ANALYSIS

4.1 Definitions & Scope
4.2 Global AI-based Surgical Robots Market: Type Market Share Analysis, 2021 and 2030
4.3 Services
  4.3.1 Services Analysis Market Estimates and Forecasts, 2016 - 2030 (USD Million)
  4.3.2 Instruments and Accessories
    4.3.2.1 Instruments and Accessories Analysis Market Estimates and Forecasts, 2016 - 2030 (USD Million)

CHAPTER 5 AI-BASED SURGICAL ROBOTS MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

5.1 Definitions & Scope
5.2 Global AI-based Surgical Robots Market: Application Market Share Analysis, 2021 and 2030
5.3 Orthopedics
  5.3.1 Orthopedics Analysis Market Estimates and Forecasts, 2016 - 2030 (USD Million)
5.4 Neurology
  5.4.1 Neurology Analysis Market Estimates and Forecasts, 2016 - 2030 (USD Million)
5.5 Urology
  5.5.1 Urology Analysis Market Estimates and Forecasts, 2016 - 2030 (USD Million)
5.6 Gynecology
  5.6.1 Gynecology Analysis Market Estimates and Forecasts, 2016 - 2030 (USD Million)
5.7 Others
  5.7.1 Others Analysis Market Estimates and Forecasts, 2016 - 2030 (USD Million)

CHAPTER 6 AI-BASED SURGICAL ROBOTS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS, BY TYPE AND APPLICATION

6.1 Global AI-based Surgical Robots Market: Regional Movement Analysis
6.2 North America
  6.2.1 North America AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.2.2 U.S.
    6.2.2.1 U.S. AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.2.3 Canada
    6.2.3.1 Canada AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
6.3 Europe
  6.3.1 Europe AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.3.2 U.K.
    6.3.2.1 U.K. AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.3.3 Germany
    6.3.3.1 Germany AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.3.4 Spain
    6.3.4.1 Spain AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.3.5 France
    6.3.5.1 France AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.3.6 Italy
    6.3.6.1 Italy AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.3.7 Russia
    6.3.7.1 Russia AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
6.4 Asia Pacific
  6.4.1 Asia Pacific AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.4.2 China
    6.4.2.1 China AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.4.3 Japan
    6.4.3.1 Japan AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.4.4 India
    6.4.4.1 India AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.4.5 South Korea
    6.4.5.1 South Korea AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.4.6 Australia
    6.4.6.1 Australia AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
6.5 Latin America
  6.5.1 Latin America AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.5.2 Brazil
    6.5.2.1 Brazil AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.5.3 Mexico
    6.5.3.1 Mexico AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.5.4 Argentina
    6.5.4.1 Argentina AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
6.6 Middle East & Africa
  6.6.1 Middle East & Africa AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.6.2 South Africa
    6.6.2.1 South Africa AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.6.3 Saudi Arabia
    6.6.3.1 Saudi Arabia AI-based surgical robots market estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)
  6.6.4 UAE
    6.6.4.1 UAE AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2016 - 2030 (USD Million)

CHAPTER 7 AI-BASED SURGICAL ROBOTS MARKET: COMPETITIVE ANALYSIS

7.1 Recent Developments & Impact Analysis, By Key Market Participants
7.2 Company/Competition Categorization (Key innovators, Market Leaders, Emerging Players)
7.3 Company Market Position Analysis
7.4 Company Market Share Analysis
7.5 List of Key Emerging Companies

CHAPTER 8 COMPANY PROFILES

8.1 Accuray Incorporated
  8.1.1 Company Overview
  8.1.2 Financial Performance
  8.1.3 Product Benchmarking
  8.1.4 Strategic Initiatives
8.2 Intuitive Surgical, Inc.
  8.2.1 Company Overview
  8.2.2 Financial Performance
  8.2.3 Product Benchmarking
  8.2.4 Strategic Initiatives
8.3 Medtronic, plc
  8.3.1 Company Overview
  8.3.2 Financial Performance
  8.3.3 Product Benchmarking
  8.3.4 Strategic Initiatives
8.4 Medrobotics Corporation
  8.4.1 Company Overview
  8.4.2 Financial Performance
  8.4.3 Product Benchmarking
  8.4.4 Strategic Initiatives
8.5 Zimmer Biomet
  8.5.1 Company Overview
  8.5.2 Financial Performance
  8.5.3 Product Benchmarking
  8.5.4 Strategic Initiatives
8.6 Stereotaxis, Inc.
  8.6.1 Company Overview
  8.6.2 Financial Performance
  8.6.3 Product Benchmarking
  8.6.4 Strategic Initiatives
8.7 Transenterix, Inc (Asensus Inc)
  8.7.1 Company Overview
  8.7.2 Financial Performance
  8.7.3 Product Benchmarking
  8.7.4 Strategic Initiatives
8.8 Stryker Corporation
  8.8.1 Company Overview
  8.8.2 Financial Performance
  8.8.3 Product Benchmarking
  8.8.4 Strategic Initiatives
8.9 Activ Surgical, Inc.
  8.9.1 Company Overview
  8.9.2 Financial Performance
  8.9.3 Product Benchmarking
  8.9.4 Strategic Initiatives
8.10 Titan Medical, Inc.
  8.10.1 Company Overview
  8.10.2 Financial Performance
  8.10.3 Product Benchmarking
  8.10.4 Strategic Initiatives
8.11 CMR Surgical, Inc.
  8.11.1 Company Overview
  8.11.2 Financial Performance
  8.11.3 Product Benchmarking
  8.11.4 Strategic Initiatives
8.12 Smith and Nephew
  8.12.1 Company Overview
  8.12.2 Financial Performance
  8.12.3 Product Benchmarking
  8.12.4 Strategic Initiatives
LIST OF TABLES

TABLE 1 North America AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 2 North America AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 3 U.S. AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 4 U.S. AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 5 Canada. AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 6 Canada AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 7 Europe AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 8 Europe AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 9 U.K. AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 10 U.K. AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 11 Germany AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 12 Germany AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 13 Spain AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 14 Spain AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 15 France AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 16 France AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 17 Italy AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 18 Italy AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 19 Russia AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 20 Russia AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 21 Asia Pacific AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 22 Asia Pacific AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 23 China. AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 24 China AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 25 Japan AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 26 Japan AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 27 India AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 28 India AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 29 Australia AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 30 Australia AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 31 South Korea AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 32 South Korea AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 33 Latin America AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 34 Latin America AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 35 Brazil AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 36 Brazil AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 37 Mexico AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 38 Mexico AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 39 Argentina AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 40 Argentina AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 41 Middle East & Africa AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 42 Middle East & Africa AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 43 South Africa AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 44 South Africa AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 45 Saudi Arabia AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 46 Saudi Arabia AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
TABLE 47 UAE AI-based surgical robots market estimates and forecasts, by type, 2016 - 2030 (USD Million)
TABLE 48 UAE AI-based surgical robots market estimates and forecasts, by application, 2016 - 2030 (USD Million)
LIST OF FIGURES

FIG. 1 Market segmentation
FIG. 2 Market research process
FIG. 3 Information procurement
FIG. 4 Primary research pattern
FIG. 5 AI-based surgical robots market snapshot, 2021 (USD Million)
FIG. 6 AI-based surgical robots market trends & outlook
FIG. 7 Penetration & growth prospect mapping
FIG. 8 Market driver analysis (Current & future impact)
FIG. 9 Market restraint analysis (Current & future impact)
FIG. 10 AI-based surgical robots market, type outlook key takeaways (USD Million)
FIG. 11 AI-based surgical robots market: type movement analysis (USD Million), 2021 & 2030
FIG. 12 Services market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 13 Instruments and accessories market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 14 AI-based surgical robots market, application outlook key takeaways (USD Million)
FIG. 15 AI-based surgical robots market: application movement analysis (USD Million), 2021 & 2030
FIG. 16 Orthopedics market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 17 Neurology market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 18 Urology market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 19 Gynecology market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 20 Others market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 21 AI-based surgical robots market, regional outlook key takeaways (USD Million)
FIG. 22 AI-based surgical robots market: regional movement analysis (USD Million), 2021 & 2030
FIG. 23 North America AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 24 U.S. AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 25 Canada AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 26 Europe AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 27 U.K AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 28 Germany AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 29 Spain AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 30 France AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 31 Italy AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 32 Russia AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 33 Asia Pacific AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 34 China AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 35 Japan AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 36 India AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 37 South Korea AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 38 Australia AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 39 Latin America AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 40 Brazil AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 41 Mexico AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 42 Argentina AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 43 Middle East & Africa AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 44 South Africa AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 45 Saudi Arabia AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)
FIG. 46 UAE AI-based surgical robots market estimates and forecasts, 2016 - 2030 (USD Million)


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