United States Surgical Robotics Market Assessment, By Component Type [System, Accessories, Services], By Surgery Type [Gynaecology, Urology, Neurosurgery, Orthopaedic, General Surgery, Others], By End User [Hospitals, Ambulatory Surgical Centres], By Region, Opportunities, and Forecast, 2016-2030F

The United States surgical robotics market size was estimated at USD 5.63 billion in 2022 and is projected to reach USD 13.1 billion in 2030, growing at a CAGR of 11.21% from 2023 to 2030.

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The United States surgical robotics market size was estimated at USD 5.63 billion in 2022 and is projected to reach USD 13.1 billion in 2030, growing at a CAGR of 11.21% from 2023 to 2030. Multiple factors are contributing to the growth of United States surgical robotics market such as increasing use of minimally invasive procedures, growing incidence of chronic diseases, increasing geriatric population, technological advancements, increasing penetration of surgical robotics in ambulatory surgical centres and government schemes.

Surgical robotics technology is becoming increasingly popular in the United States as it offers several advantages over traditional surgery, such as precision, reduced blood loss, and faster recovery times. The United States surgical robotics market is focussing on expanding applications in new surgical fields such as neurosurgery, SBRT (stereotactic body radiotherapy) and orthopaedics.

Growing Incidence of Chronic Diseases and Increasing Geriatric Population

The United States surgical robotics market is facing two significant trends that are expected to shape its growth in the coming years. First, there is a growing incidence of chronic diseases, which require surgical intervention. Chronic diseases such as cancer, cardiovascular disease, and neurological disorders are becoming increasingly prevalent in the United States population, leading to a higher demand for surgical procedures. Second, the geriatric population in the United States is also increasing. As people age, they are more likely to develop chronic diseases and require surgical intervention. The geriatric population is expected to nearly double by 2060, reaching 98 million, which will further increase the demand for surgical procedures.

Increasing Use of Surgical Robotics in Minimally Invasive Procedures

The use of surgical robotics in minimally invasive procedures has been steadily increasing in the United States. This method typically results in increased comfort, lower blood loss, decreased duration of hospital stays, and quicker recoveries, enabling surgeons to perform difficult-to-reach sections of the body and gauge over the obscured areas, boosting moral of the patients in United States to choose robotic surgery, which boosts the market.

Technological advancements

The da Vinci Surgical System, developed by Intuitive Surgical, is currently the most widely used surgical robot in the United States. It has been approved by the FDA for a variety of procedures, including prostatectomies, hysterectomies, and cardiac surgeries. Connectivity and data analytics are two ways by which Intuitive Surgical is continuing to innovate in surgical robotics. Intuitive Surgical's goal is to improve the operating room experience for robotic surgeons and deliver real-time data so that doctors can learn how to perform better surgery. Other companies are also developing surgical robots with new features and capabilities. For example, Medtronic's Hugo system allows for more natural and intuitive movements, while Asensus Surgical's Senhance Surgical system offers haptic feedback to surgeons. Additionally, researchers are exploring the use of artificial intelligence and machine learning in surgical robotics. These technologies have the potential to improve surgical outcomes by providing real-time analysis and guidance to surgeons.

Increasing Penetration of Surgical Robotics in Ambulatory Surgical Centres (ACSs)

According to a survey conducted by Healthcare BlueBook and HealthSmart, ASCs reduce the cost of outpatient surgery by USD 38 billion per year since these facilities provide a lower-cost site of care than hospital outpatient departments. Every year, Medicare and its beneficiaries save more than USD 2.6 billion because they pay less for operations performed in ASCs than hospitals do for the identical procedures. When patients receive care in an ASC, their co-payments are also lower. Due to cost savings, the number of surgical procedures performed in ASCs and outpatient settings has increased rapidly, while hospital in-patient visits have decreased.

Government Schemes

One of the main initiatives is the National Robotics Initiative (NRI), which was launched by the United States government in 2011 to accelerate the development and deployment of robots that can work alongside humans to enhance productivity, safety, and quality of life. The NRI includes funding opportunities for research in a variety of fields, including healthcare robotics. In addition, the National Institute of Biomedical Imaging and Bioengineering (NIBIB), which is part of the National Institutes of Health (NIH), has been funding research in surgical robotics for many years. The NIBIB has funded research on a wide range of surgical robots, including those for minimally invasive surgery, microsurgery, and robot-assisted rehabilitation. Overall, the United States government has recognized the potential of surgical robotics to improve patient outcomes and reduce healthcare costs and has been actively investing in research and development in this field.

Impact of COVID-19 on the United States Surgical Robotics Market

The COVID-19 pandemic had a significant impact on the United States surgical robotics market. While the market had been growing steadily prior to the pandemic, the pandemic led to a decrease in the number of elective surgeries and a shift in focus towards treating COVID-19 patients. But the demand for minimally invasive procedures increased due to the need for shorter hospital stays and reduced exposure to the virus. Manufacturing and trading of products and accessories were also hindered as a result of disrupted supply chains due to limited supplies and workforce.

Impact of Russia-Ukraine War on the United States Surgical Robotics Market

The war between Russia and Ukraine indirectly impacted the United States surgical robotics market through economic and political factors. For example, the conflict led to economic sanctions and trade restrictions between the United States and Russia, this could have affected the market by disrupting supply chains or increasing the cost of materials required for surgical robotics.

The United States Surgical Robotics Market Assessment, Opportunities and Forecast: Report Scope

"The United States Surgical Robotics Market Assessment, Opportunities and Forecast, 2016-2030F,” is a comprehensive report by Market Xcel, providing in-depth analysis and assessment of the United States surgical robotics market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 impact, impact of Russia-Ukraine war, opportunities and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year for Analysis

2022

Historical Period

2016-2021

Forecast Period

2023-2030

Projected Growth Rate

CAGR of 11.21% from 2023-2030

Revenue Forecast in 2030

USD 13.1 Billion

Units

Revenue in USD in Millions and Volume in Units Thousands

Segments Covered

Component, Surgery Type, End-user

Regions Covered

Northeast, Southwest, West, Southeast, Midwest

Key Companies Profiled

Intuitive Surgical Inc., Stryker Corporation, Medtronic PLC, Siemens Healthineers AG, Zimmer Biomet Holdings Inc, Smith & Nephew PLC, Asensus Surgical, Accuray Incorporated

Customization Scope

15% free report customization with purchase.

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs.

Delivery Format

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

 

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In this report,
the United States Surgical Robotics Market has been segmented into the following categories:

1.      By Component

1.1   System

1.2   Accessories

1.3   Services

2.      By Surgery type

2.1   Gynaecology

2.2   Urology

2.3   Neurosurgery

2.4   Orthopaedic

2.5   General Surgery

2.6   Others

3.      By End-user

3.1   Hospitals

3.2   Ambulatory Surgical Centres

4.      By Region

4.1   Northeast

4.2   Southwest

4.3   West

4.4   Southeast

4.5   Midwest

Key Player Landscape and Outlook

The United States Surgical Robotics Market is dominated by Intuitive Surgical with their da Vinci system being the most widely used in surgical robotics. Stryker’s Mako robotic arm assisted surgery provides them a strong presence in the orthopaedic surgical robotics market. Medtronic, Zimmer Biomet, and Smith & Nephew and other players also have a significant presence in the market.

Johnson & Johnson's Ottava seeks to compete with Intuitive Surgical's da Vinci robot, implying that intense competition in the future will drive innovation for robotic surgery across a wide range of indications. CMR Surgical partnered with Johnson & Johnson’s Ethicon division with the aim of increasing CMR Surgical’s commercial reach in selective markets. The partnership will commence with private institutions in Italy, France, Germany, and Brazil, with CMR and Johnson & Johnson's sales teams offering bundled portfolios to surgeons.

Key Players Operating in the United States Surgical Robotics Market

·         Intuitive Surgical Inc.

·         Stryker Corporation

·         Medtronic PLC

·         Johnson & Johnson

·         Siemens Healthineers AG

·         Titan Medical

·         Zimmer Biomet Holdings Inc

·         Smith & Nephew PLC

·         Asensus Surgical

·         Accuray Incorporated

*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

If you can't find what you're searching for or have any custom requirements for the United States Surgical Robotics Market, you may approach our team at info@marketsandata.com

Table of Contents

1.       Research Methodology

2.       Product Overview

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

4.       Impact of Russia-Ukraine War on the United States Surgical Robotics Market

5.       Executive Summary

6.       The United States Surgical Robotics Market Outlook, 2016-2030F

6.1.    Market Size & Forecast

6.1.1.By Value

6.1.2.By Volume

6.2.    Market Share & Forecast

6.2.1. By Component

6.2.1.1.              System

6.2.1.2.              Accessories

6.2.1.3.              Services

6.2.2.By Surgery Type

6.2.2.1.              Gynaecology

6.2.2.2.              Urology

6.2.2.3.              Neurosurgery

6.2.2.4.              Orthopaedic

6.2.2.5.              General Surgery

6.2.2.6.              Others

6.2.3.By End-user

6.2.3.1.              Hospitals

6.2.3.2.              Ambulatory Surgical Centres

6.2.4.By Region

6.2.4.1.              Northeast

6.2.4.2.              Southwest

6.2.4.3.              West

6.2.4.4.              Southeast

6.2.4.5.              Midwest

6.2.5.By Company Market Share (%), 2022

7.       The United States Surgical Robotics Devices Market Mapping, 2022

7.1.    By Component

7.2.    By Surgery Type

7.3.    By End-user

7.4.    By Region

8.       Macro Environment and Industry Structure

8.1.    Supply Demand Analysis

8.2.    Import Export Analysis

8.3.    Value Chain Analysis

8.4.    PESTEL Analysis of the Surgical Robotics Devices Market

8.4.1.Political Factors

8.4.2.Economic System

8.4.3.Social Implications

8.4.4.Technological Advancements

8.4.5.Environmental Impacts

8.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)

8.5.    Porter’s Five Forces Analysis

8.5.1.Supplier Power

8.5.2.Buyer Power

8.5.3.Substitution Threat

8.5.4.Threat from New Entrant

8.5.5.Competitive Rivalry

9.       Market Dynamics

9.1.    Trends and Developments

9.2.    Growth Drivers

9.3.    Growth Inhibitors

10.   Regulatory Framework and Innovation

10.1 Clinical Trials

10.2 Patent Landscape

10.3 FDA Approvals

10.4 Innovations/Emerging Technologies

11.   Case Studies

12.   Key Players Landscape

12.1.                     Competition Matrix of Top Five Market Leaders

12.2.                     Market Revenue Analysis of Top Five Market Leaders (in %, 2022)

12.3.                     Mergers and Acquisitions/Joint Ventures (If Applicable)

12.4.                     SWOT Analysis (For Five Market Players)

13.   Key Players Outlook

13.1.                     Intuitive Surgical Inc.

13.1.1.    Company Details

13.1.2.    Key Management Personnel

13.1.3.    Products & Services

13.1.4.    Financials (As reported)

13.1.5.    Key Market Focus & Geographical Presence

13.1.6.    Recent Developments

13.2.                     Stryker Corporation

13.3.                     Medtronic PLC

13.4.                     Johnson & Johnson

13.5.                     Siemens Healthineers AG

13.6.                     Titan Medical

13.7.                     Zimmer Biomet Holdings Inc

13.8.                     Smith & Nephew PLC

13.9.                     Asensus Surgical

13.10.                  Accuray Incorporated

*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

14.   Strategic Recommendations

15.   About Us & Disclaimer

List of Figure_ United States Surgical Robotics Market

Figure 1. United States Surgical Robotics Market, By Value, In USD Million, 2016 - 2030F

Figure 2. United States Surgical Robotics Market, By Volume, In Thousand Units, 2016 - 2030F

Figure 3. United States Surgical Robotics Market Share, By Component, In USD Million, 2016 - 2030F

Figure 4. United States Surgical Robotics Market Share, By Component, In Thousand Units, 2016 - 2030F

Figure 5. United States Surgical Robotics Market Share, By Surgery Type, In USD Million, 2016 - 2030F

Figure 6. United States Surgical Robotics Market Share, By Surgery Type, In Thousand Units, 2016 - 2030F

Figure 7. United States Surgical Robotics Market Share, By End User, In USD Million, 2016 - 2030F

Figure 8. United States Surgical Robotics Market Share, By End User, In Thousand Units, 2016 - 2030F

Figure 9. United States Surgical Robotics Market Share, By Region, In USD Million, 2016 - 2030F

Figure 10. United States Surgical Robotics Market Share, By Region, In Thousand Units, 2016 - 2030F

Figure 11. By Component Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 12. By Surgery Type Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 13. By End User Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 14. By Region Map-Market Size (USD Million) & Growth Rate (%), 2022

List of Table_ United States Surgical Robotics Market

Table 1. Pricing Analysis of Products from Key Players

Table 2. Competition Matrix of Top 5 Market Leaders

Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

Table 4. About Us - Regions and Countries Where We Have Executed Client Projec

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