Surgical Robotics and Navigation Market Report 2024 (Global Edition)

Global Surgical Robotics and Navigation Market Report 2024 Market Size Split by Type (Neurosurgery Navigation, Spinal Surgical Navigation, ENT Surgical Navigation, Orthopedic Surgical Navigation, Robo...

Surgical Robotics and Navigation Market Report Description

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Surgical Robotics and Navigation Market Insights Video

Competitive Landscape of the Surgical Robotics and Navigation Market

The competitive landscape of the Surgical Robotics and Navigation market features key players like Intuitive Surgical, Medtronic, and Stryker, who are continually innovating to enhance their product offerings. Collaborations, acquisitions, and advancements in technology drive competition as companies aim to meet the increasing demand for minimally invasive surgical solutions.

In June 2024, Boston Scientific announced an agreement to acquire Silk Road Medical, Inc., a company known for its innovative approaches to carotid artery disease treatment. This strategic acquisition aims to enhance Boston Scientific's portfolio in the vascular space, particularly in addressing the needs of patients at risk for stroke. (Source: https://news.bostonscientific.com/2024-06-18-Boston-Scientific-Announces-Agreement-to-Acquire-Silk-Road-Medical,-Inc) In July 2021, Surgical Science Sweden AB (publ) announced a conditional agreement to acquire all outstanding shares of Simbionix USA Corp. This strategic move is aimed at enhancing Surgical Science's capabilities in the medical simulation sector, particularly in surgical training and education. (Source: https://surgicalscience.com/mfn_news/surgical-science-completes-the-acquisition-of-simbionix/) In March 2023, LeyLine GmbH, a German company, along with a subscription to a third-party allotment of shares. This strategic acquisition of a subsidiary aims to enhance our presence in the European market and expand our operational capabilities. (Source: https://www.cyberdyne.jp/english/company/IR_detail.html?id=13290)

Top Companies Market Share in Surgical Robotics and Navigation Industry: (In no particular order of Rank)

• Intuitive Surgical
• Medtronic
• Stryker
• Johnson & Johnson (Ethicon)
• Boston Scientific
• Zimmer Biomet
• NuVasive
• Siemens Healthineers
• Varian Medical Systems
• Mazor Robotics (part of Medtronic)
• Accuray
• Cyberdyne
• KUKA
• Auris Health (part of Johnson & Johnson)
• Robocath
• CureMetrix
• Surgical Science
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Surgical Robotics and Navigation Market

Which Region Dominates the Surgical Robotics and Navigation Market in 2024?

According to Cognitive Market Research, North America is the largest region in the Surgical Robotics and Navigation market, driven by advanced healthcare infrastructure, significant investments in medical technology, and a high adoption rate of robotic surgical systems. The presence of leading manufacturers, research institutions, and a growing number of surgical procedures contribute to this dominance. Additionally, the region's focus on minimally invasive surgeries and improved patient outcomes enhances the demand for robotic systems. As hospitals and surgical centers increasingly adopt innovative technologies, North America remains a key player in shaping the future of surgical robotics.

Which Region is Expanding at the Fastest CAGR?

The Asia-Pacific region is the fastest-growing market for Surgical Robotics and Navigation, propelled by rapid economic development and increasing healthcare expenditures. Countries like China, Japan, and India are investing heavily in advanced medical technologies to improve surgical outcomes and cater to their expanding populations. The rising prevalence of chronic diseases and a growing demand for minimally invasive surgical procedures drive the adoption of robotic systems in this region. As healthcare infrastructure continues to improve and awareness of robotic surgery benefits rises, the Asia-Pacific market is poised for significant growth in the coming years.

The current report Scope analyzes Surgical Robotics and Navigation Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Surgical Robotics and Navigation

According to Cognitive Market Research, the global Surgical Robotics and Navigation market size was estimated at USD 3152.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1260.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the Surgical Robotics and Navigation market with a market size of USD 994.83 million in 2024 and is projected to grow at a CAGR of 5.5 % during the forecast period. The U.S. R&D leadership and minimally invasive led to an increase in the market.
• The Canada Surgical Robotics and Navigation market had a market share of USD 151.31 million in 2024 and is projected to grow at a CAGR of 6.5 % during the forecast period. Canada’s government funding and precision surgery has led to an increase in the market.
• The Mexico Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 6.2 % during the forecast period, with a market size of USD 114.74 million in 2024.

Europe Surgical Robotics and Navigation

According to Cognitive Market Research, the global Surgical Robotics and Navigation market size was estimated at USD 3152.2Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 945.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• The United Kingdom Surgical Robotics and Navigation market had a market share of USD 158.87 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. In the U.K., Surgical Robotics and Navigation sales witness an upswing due to the NHS modernization and surgery efficiency.
• The France Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 5.2 % during the forecast period, with a market size of USD 87.00 million in 2024.
• According to Cognitive Market Research, the German Surgical Robotics and Navigation market size was valued at USD 187.24 million in 2024 and is projected to grow at a CAGR of 6.2 % during the forecast period. In Germany, Surgical Robotics and Navigation surged due to technological expertise and healthcare investments.
• The Italy Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 5.4 % during the forecast period, with a market size of USD 81.33 million in 2024.
• The Russia Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 5.0 % during the forecast period, with a market size of USD 146.58 million in 2024.
• The Spain Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 5.1 % during the forecast period with a market size of USD 77.54 million in 2024
• The Luxembourg Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 6.1 % during the forecast period, with a market size of USD 29.32 million in 2024.
• The Portugal Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 5.8 % during the forecast period, with a market size of USD 19.86 million in 2024.
• The Greece Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 6.3 % during the forecast period, with a market size of USD 11.35 million in 2024.
• The Rest of Europe's Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 4.7 % during the forecast period, with a market size of USD 146.58 million in 2024.

Asia Pacific Surgical Robotics and Navigation

According to Cognitive Market Research, the global Surgical Robotics and Navigation market size was estimated at USD 3152.2Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 725.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Surgical Robotics and Navigation market size was valued at USD 326.25 million in 2024 and is projected to grow at a CAGR of 9.0 % during the forecast period. Surgical Robotics and Navigation surged in China due to Healthcare modernization and infrastructure growth.
• The Japan Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 8.0 % during the forecast period, with a market size of USD 100.05 million in 2024.
• The India Surgical Robotics and Navigation market had a market share of USD 87.00 million in 2024 and is projected to grow at a CAGR of 11.3 % during the forecast period. India's ? Medical tourism and Tech adoption led to an increase in the market.
• The South Korean Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 72.50 million in 2024.
• The Australian Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 9.2 % during the forecast period, with a market size of USD 37.70 million in 2024.
• The South East Asia Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 10.5 % during the forecast period, with a market size of USD 50.03 million in 2024.
• The Rest of Asia Pacific Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 9.3 % during the forecast period, with a market size of USD 51.48 million in 2024.

South America Surgical Robotics and Navigation

According to Cognitive Market Research, the global Surgical Robotics and Navigation market size was estimated at USD 3152.2Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 157.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9 % from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Surgical Robotics and Navigation market size was valued at USD 67.46 million in 2024 and is projected to grow at a CAGR of 7.5 % during the forecast period. Surgical Robotics and Navigation flourished in Brazil due to healthcare demand and foreign investment.
• Argentina's Surgical Robotics and Navigation market had a market share of USD 26.48 million in 2024 and is projected to grow at a CAGR of 7.8 % during the forecast period. Argentina's ? System modernization and awareness growth led to an increase in the market.
• Colombia's Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 6.7 % during the forecast period, with a market size of USD 14.03 million in 2024.
• Peru's Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 7.1 % during the forecast period, with a market size of USD 12.92 million in 2024.
• Chile's Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 7.2 % during the forecast period, with a market size of USD 11.35 million in 2024.
• The Rest of Latin America's Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 6.0 % during the forecast period, with a market size of USD 25.38 million in 2024.

Middle East and Africa Surgical Robotics and Navigation

According to Cognitive Market Research, the global Surgical Robotics and Navigation market size was estimated at USD 3152.2Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 63.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2 % from 2024 to 2031..

• The GCC Countries Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 8.0 % during the forecast period, with a market size of USD 26.98 million in 2024. Surgical Robotics and Navigation sales flourish due to medical tourism and infrastructure expansion.
• The Egypt Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 6.62 million in 2024.
• The South Africa Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 8.2 % during the forecast period, with a market size of USD 9.96 million in 2024. Surgical Robotics and Navigation sales flourished in South Africa due to system expansion and technology adoption.
• The Turkey Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 6.7 % during the forecast period, with a market size of USD 5.42 million in 2024.
• The Nigeria Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 6.3 % during the forecast period, with a market size of USD 6.62 million in 2024.
• The Rest of the MEA Surgical Robotics and Navigation market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 7.44 million in 2024.

Surgical Robotics and Navigation Market Analysis

Surgical Robotics and Navigation Market Type Segment Analysis

According to Cognitive Market Research, Robotic-assisted spinal surgery systems represent the largest segment in the Surgical Robotics and Navigation market, driven by the increasing prevalence of spinal disorders and the demand for advanced surgical solutions. These systems enhance precision during complex procedures, enabling surgeons to perform minimally invasive surgeries with improved outcomes. As the aging population grows, so does the need for spinal surgeries, further fueling market demand. The combination of technological advancements and increasing adoption in healthcare facilities positions robotic-assisted spinal surgery systems as a dominant force in the market.

Robotic-assisted neurosurgery systems are the fastest-growing segment in the Surgical Robotics and Navigation market, propelled by advancements in technology and increasing applications in complex brain surgeries. These systems offer unparalleled precision and minimal invasiveness, significantly reducing recovery times and improving patient outcomes. As awareness of the benefits of robotic-assisted procedures rises among healthcare providers and patients, the demand for these systems is surging. Additionally, ongoing research and innovations in robotic technology are expanding their capabilities, positioning robotic-assisted neurosurgery systems for rapid growth in the coming years.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Surgical Robotics and Navigation Industry. Request a Free Sample PDF!

Surgical Robotics and Navigation Market Application Segment Analysis

According to Cognitive Market Research, The adult segment represents the largest market in the Surgical Robotics and Navigation sector, driven by the prevalence of various surgical procedures among this demographic. Adults often require surgeries for conditions such as obesity, orthopedic issues, and cardiovascular diseases, leading to a high demand for advanced surgical solutions. The increasing adoption of minimally invasive procedures among adults, combined with the technological advancements in robotic systems, supports the growth of this segment. As healthcare providers continue to seek efficient and precise surgical options, the adult population remains a significant focus for surgical robotics.

The old age segment is the fastest-growing in the Surgical Robotics and Navigation market, largely due to the rising geriatric population requiring complex surgical interventions. Older adults are more prone to chronic conditions such as arthritis, cardiovascular diseases, and neurological disorders, necessitating advanced surgical solutions. Robotic-assisted surgeries provide benefits like reduced recovery times and lower risk of complications, making them particularly appealing for elderly patients. As healthcare systems increasingly focus on catering to the needs of older adults, the demand for robotic systems tailored for this demographic is expected to surge.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Surgical Robotics and Navigation End-user Segment Analysis

Surgical Robotics and Navigation Market End-use Segment Analysis

According to Cognitive Market Research, Hospitals represent the largest segment in the Surgical Robotics and Navigation market, driven by their capacity to perform a wide range of complex surgical procedures. With advanced technology and resources, hospitals are at the forefront of adopting robotic systems to enhance surgical precision and improve patient outcomes. The growing demand for minimally invasive surgeries within hospital settings fuels investment in robotic-assisted technologies. Additionally, hospitals often serve a larger patient base, increasing the volume of surgical procedures performed and solidifying their dominant position in the market.

Ambulatory surgical centers (ASCs) are the fastest-growing segment in the Surgical Robotics and Navigation market, primarily due to the increasing trend towards outpatient surgeries. ASCs offer cost-effective, efficient, and patient-friendly environments for various surgical procedures, attracting more patients seeking minimally invasive options. The adoption of robotic systems in ASCs enhances surgical capabilities while maintaining shorter recovery times and lower complication rates. As healthcare shifts towards outpatient models and patients prioritize convenience, the demand for robotic technologies in ASCs is expected to grow rapidly, driving significant market expansion.

• Hospitals
• Clinics
• Ambulatory Surgical Centers

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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