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The Surgical Robots Market Size was valued at USD 3.95 billion in 2023, and is expected to reach USD 8.79 billion by 2032, and grow at a CAGR of 9.3% over the forecast period 2024-2032.
The Surgical Robots Market is experiencing rapid expansion, driven by a confluence of technological advancements and a growing preference for minimally invasive procedures. These sophisticated systems, equipped with robotic arms, high-definition cameras, and intuitive surgeon consoles, offer unparalleled precision, dexterity, and visualization during complex surgeries.
Surgical robots have become indispensable tools in modern healthcare, driving demand in the surgical robotics market. Their application spans a wide range of procedures, including appendectomy, colectomy, gallbladder removal, gastric bypass, hernia repair, hysterectomy, mitral valve repair, and pancreatectomy. These procedures benefit immensely from the advantages offered by robotic surgery, such as reduced pain during recovery, minimized blood loss, smaller incisions resulting in reduced scarring, and a lower risk of infection. According to PubMed, the lifetime risk of appendectomy is estimated to be 12% for men and 23.1% for women. However, other sources indicate that only around 7% of the population undergoes an appendectomy during their lifetime.
The increasing prevalence of chronic diseases, coupled with an aging population, has led to a surge in demand for minimally invasive procedures. Moreover, the technology's ability to tackle complex procedures with precision has solidified its position as a preferred surgical approach. Noncommunicable diseases (NCDs) i.e. chronic disease pose a significant global health challenge, accounting for a staggering 74% of all deaths worldwide, or approximately 41 million people annually. These diseases disproportionately affect low- and middle-income countries, where 77% of all NCD deaths occur.
The escalating prevalence of degenerative bone conditions, including arthritis and osteoporosis, has led to a surge in demand for hip and knee replacement surgeries. This growing patient pool presents a significant opportunity for the surgical robotics market. The United States, for instance, records over 450,000 hip replacement surgeries annually, according to the Agency for Healthcare Research and Quality, highlighting the substantial market potential for robotic surgical systems in orthopedic procedures.
Patients are increasingly opting for robotic surgery due to its associated benefits, including reduced pain, shorter hospital stays, and improved cosmetic outcomes. The technology's ability to access confined spaces and perform intricate maneuvers with precision has captivated surgeons, leading to a surge in demand for robotic platforms.
The supply side is characterized by intense competition among industry players, each striving to develop innovative robotic systems with expanded capabilities. Advancements in artificial intelligence, augmented reality, and data analytics are further propelling the market forward. Intuitive Surgical, with its da Vinci system, has been a pioneer in the field, but a growing number of specialized systems are emerging to address specific surgical needs. Vandalia Health has made a significant stride in healthcare technology by becoming the first healthcare provider in West Virginia to utilize the latest surgical robot.
The overall market for surgical robots is projected to experience substantial growth in the coming years, driven by technological advancements, increasing adoption, and a favorable regulatory environment.
Drivers
The surgical robotics market is undergoing rapid growth, driven by a confluence of demographic, technological, and policy factors.
A burgeoning geriatric population is a primary catalyst. As individuals age, the incidence of chronic diseases such as arthritis, cancer, and heart disease increases, necessitating complex surgical interventions. For example, the number of people aged 65 and older is predictable to double worldwide by 2050, in the United Nations. This demographic shift is driving demand for precise and minimally invasive surgical solutions, a core competency of robotic systems.
Simultaneously, rapid advancements in robotic technology are expanding the scope of applications. The integration of haptic feedback, which simulates the sense of touch, and image-guided surgery, which provides real-time visual guidance, has significantly enhanced the capabilities of surgical robots. For example, the development of da Vinci Research Kit (dVRK), a platform for research and development of robotic surgical systems, has accelerated innovation in the field.
Moreover, supportive government policies are crucial in fostering market growth. Many countries are implementing reimbursement policies and regulatory frameworks to encourage the adoption of robotic surgery. In the United States, for example, the Centers for Medicare & Medicaid Services (CMS) has introduced reimbursement codes for robotic-assisted procedures, making the technology more accessible to patients. Additionally, regulatory approvals for new robotic systems have streamlined the market entry process, stimulating innovation and competition.
These combined factors have created a fertile environment for the surgical robotics industry, propelling its growth and expansion into new frontiers of medical care.
Restraints
High costs
The initial investment in robotic systems can be substantial, limiting accessibility in certain regions.
Skillset requirements
Surgeons need specialized training to operate robotic systems, which can pose a challenge in terms of workforce availability. Although rare, robotic malfunctions can disrupt procedures and require a shift to traditional surgical methods.
By Application
The surgical robotics market is primarily driven by applications in oncology, laparoscopy, and other general surgical procedures, collectively contributed to 44.76% of the total revenue in 2023. The increasing adoption of robotic systems for cancer treatment and minimally invasive laparoscopic surgeries has been instrumental in driving this segment's growth.
The neurology segment is emerging as a rapidly growing sector, with an anticipated CAGR of 17.6% from 2024 to 2032. The demand for precision and accuracy in neurosurgeries, coupled with the limitations of traditional techniques, has fueled the adoption of robotic systems. The rising prevalence of neurological disorders further exacerbates the need for advanced surgical solutions. Platforms like ROSA ONE Brain exemplify the increasing reliance on robotic technology for minimally invasive brain procedures.
By End-use
Inpatient segment, such as hospitals, dominated the surgical robotics market, capturing a significant 53.21% revenue share in 2023. These institutions possess the financial resources, infrastructure, and skilled personnel essential for the integration and operation of advanced robotic systems. Additionally, the established trust and credibility of hospitals drive patient and surgeon preference for robotic-assisted procedures.
However, the outpatient segment is poised for rapid expansion, with an anticipated CAGR of 9.7% from 2024 to 2032. Ambulatory surgical centers (ASCs) and other outpatient facilities are increasingly adopting surgical robots to meet patient demand for shorter hospital stays and faster recovery times. Aligned with the benefits offered by robotic surgery, these facilities are experiencing growth as regulatory and reimbursement landscapes evolve to accommodate this technology.
Regional Analysis
North America was dominated the surgical robotics market, capturing 49.8% share in 2023. This leadership position is attributed to advanced healthcare infrastructure, a robust pipeline of surgical procedures, and a strong focus on technological innovation. The region's early adoption of robotic surgery, coupled with favorable regulatory environments, has fostered market growth. The Asia Pacific region is poised for rapid expansion, projected to grow at a CAGR of 14.1% from 2024 to 2032. Factors driving this growth include rising disposable incomes, increasing healthcare expenditure, and supportive government initiatives promoting advanced medical technologies. Countries like India, China, and Singapore are at the forefront of this growth trajectory.
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KEY PLAYERS:
Think Surgical, Medrobitcs Encore, Curexo’s spine system, Medtronic’s Stealth Station Autoguide, Mazor’s Renaissance, J&J’s/Auris Monarch endoluminal system, Zimmer/Medtech’s Rosa Robot, Transenterix (Asensus Surgical, Inc.), Mazor’s Mazor x, the Corindus CorPath, Smith and Nephew, Stryker/Mako’s Rio Robot, the ARTAS robot, Intuitive Surgical, Renishaw plc and others.
Recent Developments
In Aug 2024, Globus Medical has received the necessary regulatory approvals from the US Food and Drug Administration (FDA) to ramp up production and market launch of its advanced surgical robotics systems.
In July 2024, Intuitive Surgical has reported strong second-quarter earnings, driven by robust demand for its surgical robots. The company's market performance reflects a broader industry trend towards minimally invasive procedures.
In Aug 2023, Stryker has initiated a direct-to-patient marketing campaign centered on joint replacement procedures.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 3.95 Billion |
| Market Size by 2032 | US$ 8.79 Billion |
| CAGR | CAGR of 9.3% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
• By Application [Orthopedics (Knee, Hip, Spine, Others), Neurology, Urology, Gynecology, Others] |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Think Surgical, Medrobitcs Encore, Curexo’s spine system, Medtronic’s Stealth Station Autoguide, Mazor’s Renaissance, J&J’s/Auris Monarch endoluminal system, Zimmer/Medtech’s Rosa Robot, Transenterix (Asensus Surgical, Inc.), Mazor’s Mazor x, the Corindus CorPath, Smith and Nephew, Stryker/Mako’s Rio Robot, the ARTAS robot, Intuitive Surgical, Renishaw plc and others. |
| DRIVERS | • The surgical robotics market is undergoing rapid growth, driven by a confluence of demographic, technological, and policy factors. |
| RESTRAINTS | • High costs • Skillset requirements |
Ans: The Surgical Robots Market size was valued at US$ 3.95 Bn in 2023.
The challenges faced by Surgical Robots is Lack of awareness, and Hight cost
The application segment is divided into 5 sub segments is Gynecology Surgery, Neurosurgery, Orthopedic Surgery, Other Surgeries, and Urology Surgery.
The Surgical Robots market is dominated by North America, which is expected to stay so during the report's forecast period.
Ans: The Surgical Robots Market is growing at a CAGR of 9.3% over the forecast period 2024-2032.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
3.1 Market Driving Factors Analysis
3.1.2 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 PESTLE Analysis
3.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Incidence and Prevalence (2023)
5.2 Prescription Trends, (2023), by Region
5.3 Device Volume, by Region (2020-2032)
5.4 Healthcare Spending, by Region, (Government, Commercial, Private, Out-of-Pocket), 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Surgical Robots Market Segmentation, by Application
7.2 Orthopedics
7.2.1 Orthopedics Market Trends Analysis (2020-2032)
7.2.2 Orthopedics Market Size Estimates and Forecasts to 2032 (USD Million)
7.3 Neurology
7.3.1 Neurology Market Trends Analysis (2020-2032)
7.3.2 Neurology Market Size Estimates and Forecasts to 2032 (USD Million)
7.4 Urology
7.4.1 Urology Market Trends Analysis (2020-2032)
7.4.2 Urology Market Size Estimates and Forecasts to 2032 (USD Million)
7.5 Gynecology
7.5.1 Gynecology Market Trends Analysis (2020-2032)
7.5.2 Gynecology Market Size Estimates and Forecasts to 2032 (USD Million)
7.6 Others
7.6.1 Others Market Trends Analysis (2020-2032)
7.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
8. Surgical Robots Market Segmentation, by End-use
8.2 Inpatient
8.2.1 End-use Market Trends Analysis (2020-2032)
8.2.2 End-use Market Size Estimates and Forecasts to 2032 (USD Million)
8.3 Outpatient
8.3.1 End-use Market Trends Analysis (2020-2032)
8.3.2 End-use Market Size Estimates and Forecasts to 2032 (USD Million)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Surgical Robots Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.2.3 North America Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.2.4 North America Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.2.5 USA
9.2.5.1 USA Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.2.5.2 USA Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.2.6 Canada
9.2.6.1 Canada Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.2.6.2 Canada Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.2.7 Mexico
9.2.7.1 Mexico Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.2.7.2 Mexico Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Surgical Robots Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.3.1.3 Eastern Europe Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.1.4 Eastern Europe Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.1.5 Poland
9.3.1.5.1 Poland Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.1.5.2 Poland Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.1.6 Romania
9.3.1.6.1 Romania Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.1.6.2 Romania Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.1.7.2 Hungary Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.1.8.2 Turkey Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.1.9.2 Rest of Eastern Europe Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Surgical Robots Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.3.2.3 Western Europe Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.2.4 Western Europe Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.5 Germany
9.3.2.5.1 Germany Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.2.5.2 Germany Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.6 France
9.3.2.6.1 France Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.2.6.2 France Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.7 UK
9.3.2.7.1 UK Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.2.7.2 UK Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.8 Italy
9.3.2.8.1 Italy Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.2.8.2 Italy Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.9 Spain
9.3.2.9.1 Spain Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.2.9.2 Spain Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.2.10.2 Netherlands Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.2.11.2 Switzerland Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.12 Austria
9.3.2.12.1 Austria Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.2.12.2 Austria Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.3.2.13.2 Rest of Western Europe Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Surgical Robots Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.4.3 Asia Pacific Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.4.4 Asia Pacific Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.5 China
9.4.5.1 China Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.4.5.2 China Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.6 India
9.4.5.1 India Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.4.5.2 India Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.5 Japan
9.4.5.1 Japan Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.4.5.2 Japan Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.6 South Korea
9.4.6.1 South Korea Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.4.6.2 South Korea Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.7 Vietnam
9.4.7.1 Vietnam Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.2.7.2 Vietnam Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.8 Singapore
9.4.8.1 Singapore Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.4.8.2 Singapore Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.9 Australia
9.4.9.1 Australia Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.4.9.2 Australia Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.4.10.2 Rest of Asia Pacific Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Surgical Robots Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.5.1.3 Middle East Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.5.1.4 Middle East Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.1.5 UAE
9.5.1.5.1 UAE Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.5.1.5.2 UAE Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.5.1.6.2 Egypt Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.5.1.7.2 Saudi Arabia Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.5.1.8.2 Qatar Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.5.1.9.2 Rest of Middle East Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Surgical Robots Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.5.2.3 Africa Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.5.2.4 Africa Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.5.2.5.2 South Africa Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.5.2.6.2 Nigeria Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Surgical Robots Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.6.3 Latin America Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.6.4 Latin America Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.6.5 Brazil
9.6.5.1 Brazil Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.6.5.2 Brazil Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.6.6 Argentina
9.6.6.1 Argentina Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.6.6.2 Argentina Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.6.7 Colombia
9.6.7.1 Colombia Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.6.7.2 Colombia Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Surgical Robots Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
9.6.8.2 Rest of Latin America Surgical Robots Market Estimates and Forecasts, by End-use (2020-2032) (USD Million)
10. Company Profiles
10.1 Think Surgical
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2 Medrobitcs Encore
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Curexo’s spine system
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 Medtronic’s Stealth Station Autoguide
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Intuitive Surgical
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 J&J’s/Auris Monarch endoluminal system
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 Zimmer
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 the ARTAS robot
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 Stryker/Mako’s Rio Robot
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 Smith and Nephew
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Application
Orthopedics
Knee
Hip
Spine
Others
Neurology
Urology
Gynecology
Others
By End-use
Inpatient
Outpatient
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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