ASIA-PACIFIC SURGICAL ROBOTICS MARKET 2024-2032

As per Triton’s research report, the Asia-Pacific surgical robotics market is estimated to progress in terms of revenue at a CAGR of 10.30% during the forecast period 2024-2032.

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The Asia-Pacific region has leveraged its position as a preferred destination for medical tourism due to the lower cost of robotic surgeries compared to the Western countries. An article published by the American Medical Association Journal of Ethics stated that around 5 billion individuals are unable to have access to cost-effective, reliable, and quality surgical care. However, with advanced healthcare technology, countries in the APAC region are able to provide robotic surgery benefits such as faster recovery of patients and shorter hospital days, which leads to the progress of the surgical robots market.

The countries analyzed in this region include:

Key Countries	Growth rate for 2024-2032
China	10.81%
Japan	9.71%
India	10.85%
South Korea	8.50%
Australia & New Zealand	10.40%
ASEAN Countries	10.51%
Rest of Asia-Pacific	10.41%

China gains major market share with $947.67 million in 2023.

Surgical robotics companies in China are actively engaged in developing indigenous surgical robots, aligning with the government’s initiative to localize the medical industry.
In this regard, Shanghai MedBot developed the inaugural robotic surgical system named the SkyWalker in July 2022, which also successfully attained FDA certification.
With similar advancements, surgical robot manufacturers are prioritizing reliability, high quality, and a superior cost-effectiveness ratio in their products.

Surgical Robots Market Forecast for Japan

The increase in public health insurance coverage for surgical robotics has significantly contributed to the studied market in Japan. Notably, Medicaroid, a collaboration between Sysmex and Kawasaki Heavy Industries, introduced ‘hinotori’, which is Japan’s first domestically created surgical robot in 2020. Thus, the competitive edge of these domestic systems has resulted in positive market growth.

The surgical robots market is segmented based on type, application, and vertical. Based on type, it is further classified into robotic systems, instruments & accessories, and services. Robotic systems provide intelligent information and services by interacting with their surroundings, which also include human beings. This interaction is done by using various actuators, sensors, and human interfaces. The physical characteristics of a robotic system can have a large variation that includes mobile robots, humanoid robots, surgical robots etc.

The key companies in the market include Accuracy Incorporated, CMR Surgical Ltd, Ethicon, Globus Medical, Intuitive Surgical, Smith & Nephew, Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings Inc, and Stereotaxis Inc.

Accuracy Incorporated is a medical device company that develops, manufactures and sells personalized treatment solutions for radiosurgery. The company’s portfolio includes TomoTherapy systems, CyberKnife robotic radiosurgery systems, Software Solutions, and the Radixact delivery treatment platform. The company sells its products in the US and through distributors in Latin America, Europe, and Asia. Its headquarters are situated in Sunnyvale, California, the US.

Latest from the Company:

CyberKnife robotic radiosurgery system, is a flagship product designed to treat tumors located anywhere in the body non-invasively. As per its March 2024 press release, the company shares new findings from two clinical trials that show effective treatment of high-risk and recurrent prostate cancers within 5 days using the CyberKnife system.

KEY DELIVERABLES OF THE REPORT:

Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the surgical robots market revenue growth in the Asia-Pacific and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the APAC surgical robotics market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.

Major Players in the Market

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Table of Content

1. ASIA-PACIFIC SURGICAL ROBOTICS MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. TECHNOLOGY SNAPSHOT

2.2. PARENT MARKET ANALYSIS: MEDICAL AND SURGICAL ROBOTICS MARKET

2.3. IMPACT ANALYSIS ON THE SURGICAL ROBOTICS MARKET

2.3.1. COVID-19 IMPACT ON THE SURGICAL ROBOTICS MARKET

2.4. PORTER’S FIVE FORCES ANALYSIS

2.4.1. THREAT OF NEW ENTRANTS

2.4.2. THREAT OF SUBSTITUTES

2.4.3. BARGAINING POWER OF BUYERS

2.4.4. BARGAINING POWER OF SUPPLIERS

2.4.5. THREAT OF COMPETITIVE RIVALRY

2.5. KEY BUYING IMPACT ANALYSIS

2.5.1. TECHNOLOGY

2.5.2. COST

2.5.3. SAFETY

2.6. KEY MARKET STRATEGIES

2.6.1. COLLABORATIONS

2.6.2. PRODUCT LAUNCHES

2.6.3. ACQUISITIONS

2.6.4. BUSINESS EXPANSIONS

2.7. MARKET DRIVERS

2.7.1. RISE IN THE GERIATRIC POPULATION AND INCREASING NUMBER OF SURGERIES

2.7.2. INCORPORATION OF ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML) IN ROBOTIC SURGERY SYSTEMS

2.7.3. SURGE IN ADOPTION OF ROBOTICS IN THE HEALTHCARE INDUSTRY

2.8. MARKET CHALLENGES

2.8.1. RISKS IN ROBOTIC SURGERY

2.8.2. SIGNIFICANT INSTALLATION COSTS

2.8.3. SHORTAGE OF SKILLED WORKFORCE

2.9. MARKET OPPORTUNITIES

2.9.1. GROWING APPLICATIONS OF ARTIFICIAL INTELLIGENCE

2.9.2. INTEGRATION OF BIG DATA IN SURGICAL ROBOTICS

2.9.3. ENHANCED ACCURACY WITH MINIATURE ROBOTS

2.10. ANALYST PERSPECTIVE

2.10.1. BENEFITS OF AUTOMATED MICROSURGERY

2.10.2. ADVANCEMENTS IN MINIMALLY INVASIVE SURGERIES

2.10.3. SURGE IN DEMAND FOR ROBOTIC TELESURGERY

3. ASIA-PACIFIC SURGICAL ROBOTICS MARKET – BY TYPE

3.1. ROBOTIC SYSTEMS

3.2. INSTRUMENTS & ACCESSORIES

3.3. SERVICES

4. ASIA-PACIFIC SURGICAL ROBOTICS MARKET – BY APPLICATION

4.1. GYNECOLOGICAL SURGERY

4.2. UROLOGICAL SURGERY

4.3. NEUROSURGERY

4.4. ORTHOPEDIC SURGERY

4.5. GENERAL SURGERY

4.6. OTHER APPLICATIONS

5. ASIA-PACIFIC SURGICAL ROBOTICS MARKET – BY VERTICAL

5.1. HOSPITALS

5.2. AMBULATORY SURGERY CENTERS

5.3. OTHER VERTICALS

6. ASIA-PACIFIC SURGICAL ROBOTICS MARKET – BY COUNTRY OUTLOOK

6.1. ASIA-PACIFIC

6.1.1. COUNTRY ANALYSIS

6.1.1.1. CHINA

6.1.1.1.1. CHINA SURGICAL ROBOTICS MARKET FORECAST & PROSPECTS

6.1.1.2. JAPAN

6.1.1.2.1. JAPAN SURGICAL ROBOTICS MARKET FORECAST & PROSPECTS

6.1.1.3. INDIA

6.1.1.3.1. INDIA SURGICAL ROBOTICS MARKET FORECAST & PROSPECTS

6.1.1.4. SOUTH KOREA

6.1.1.4.1. SOUTH KOREA SURGICAL ROBOTICS MARKET FORECAST & PROSPECTS

6.1.1.5. ASEAN COUNTRIES

6.1.1.5.1. ASEAN COUNTRIES SURGICAL ROBOTICS MARKET FORECAST & PROSPECTS

6.1.1.6. AUSTRALIA & NEW ZEALAND

6.1.1.6.1. AUSTRALIA & NEW ZEALAND SURGICAL ROBOTICS MARKET FORECAST & PROSPECTS

6.1.1.7. REST OF ASIA-PACIFIC

6.1.1.7.1. REST OF ASIA-PACIFIC SURGICAL ROBOTICS MARKET FORECAST & PROSPECTS

7. COMPETITIVE LANDSCAPE

7.1. ACCURACY INCORPORATED

7.1.1. OVERVIEW

7.1.2. PORTFOLIO

7.1.3. KEY STRENGTHS

7.1.4. KEY CHALLENGES

7.2. CMR SURGICAL LTD

7.2.1. OVERVIEW

7.2.2. PORTFOLIO

7.2.3. KEY STRENGTHS

7.2.4. KEY CHALLENGES

7.3. ETHICON

7.3.1. OVERVIEW

7.3.2. PORTFOLIO

7.3.3. KEY STRENGTHS

7.3.4. KEY CHALLENGES

7.4. GLOBUS MEDICAL

7.4.1. OVERVIEW

7.4.2. PORTFOLIO

7.4.3. KEY STRENGTHS

7.4.4. KEY CHALLENGES

7.5. INTUITIVE SURGICAL

7.5.1. OVERVIEW

7.5.2. PORTFOLIO

7.5.3. KEY STRENGTHS

7.5.4. KEY CHALLENGES

7.6. SMITH & NEPHEW

7.6.1. OVERVIEW

7.6.2. PORTFOLIO

7.6.3. KEY STRENGTHS

7.6.4. KEY CHALLENGES

7.7. MEDTRONIC PLC

7.7.1. OVERVIEW

7.7.2. PORTFOLIO

7.7.3. KEY STRENGTHS

7.7.4. KEY CHALLENGES

7.8. STRYKER CORPORATION

7.8.1. OVERVIEW

7.8.2. PORTFOLIO

7.8.3. KEY STRENGTHS

7.8.4. KEY CHALLENGES

7.9. ZIMMER BIOMET HOLDINGS INC

7.9.1. OVERVIEW

7.9.2. PORTFOLIO

7.9.3. KEY STRENGTHS

7.9.4. KEY CHALLENGES

7.10. STEREOTAXIS INC

7.10.1. OVERVIEW

7.10.2. PORTFOLIO

7.10.3. KEY STRENGTHS

7.10.4. KEY CHALLENGES

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)

TABLE 2: LIST OF COLLABORATIONS

TABLE 3: LIST OF PRODUCT LAUNCHES

TABLE 4: LIST OF ACQUISITIONS

TABLE 5: LIST OF BUSINESS EXPANSIONS

TABLE 6: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY TYPE, 2024-2032 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY VERTICAL, 2024-2032 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)

List of Figures

FIGURE 1: TECHNOLOGY SNAPSHOT

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY TYPE, 2023 & 2032 (IN %)

FIGURE 5: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY ROBOTIC SYSTEMS, 2024-2032 (IN $ MILLION)

FIGURE 6: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY INSTRUMENTS & ACCESSORIES, 2024-2032 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY SERVICES, 2024-2032 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY APPLICATION, 2023 & 2032 (IN %)

FIGURE 9: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY GYNECOLOGICAL SURGERY, 2024-2032 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY UROLOGICAL SURGERY, 2024-2032 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY NEUROSURGERY, 2024-2032 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY ORTHOPEDIC SURGERY, 2024-2032 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY GENERAL SURGERY, 2024-2032 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY VERTICAL, 2023 & 2032 (IN %)

FIGURE 16: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY HOSPITALS, 2024-2032 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY AMBULATORY SURGERY CENTERS, 2024-2032 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY OTHER VERTICALS, 2024-2032 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC SURGICAL ROBOTICS MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 20: CHINA SURGICAL ROBOTICS MARKET 2024-2032 (IN $ MILLION)

FIGURE 21: JAPAN SURGICAL ROBOTICS MARKET 2024-2032 (IN $ MILLION)

FIGURE 22: INDIA SURGICAL ROBOTICS MARKET 2024-2032 (IN $ MILLION)

FIGURE 23: SOUTH KOREA SURGICAL ROBOTICS MARKET 2024-2032 (IN $ MILLION)

FIGURE 24: ASEAN COUNTRIES SURGICAL ROBOTICS MARKET 2024-2032 (IN $ MILLION)

FIGURE 25: AUSTRALIA & NEW ZEALAND SURGICAL ROBOTICS MARKET 2024-2032 (IN $ MILLION)

FIGURE 26: REST OF ASIA-PACIFIC SURGICAL ROBOTICS MARKET 2024-2032 (IN $ MILLION)