Global Surgical Robots Market Size, Trends & Growth Opportunity, By Component (Surgical System, Accessory, and Service), By Application (Orthopedics, Neurology, Gynecology, Urology, and Others), By Region and Forecast from2022-2027
Global Surgical Robots Market
Global Surgical Robots Market was valued at USD 5930 million in 2021 which expected to reach USD 12687 million by 2027 at a CAGR 10.74% from 2022-2027.
A magnification, high-definition, three-dimensional camera is installed at the end of a surgical robot's arm to provide an exact representation of the body components. Even in anatomical regions that are challenging for human surgeons to access, these robots are capable of carrying out intricate treatments with exact geometry.
Market Drivers
Throughout the forecast period, the growth of the global surgical robots market is anticipated to be driven by the rise in the adoption of minimally invasive surgeries among patients due to their added benefits, such as the need for shorter hospital stays for patients compared to traditional surgery and rising approvals for new medical conditions. Another factor that is anticipated to fuel the growth of the surgical robots market globally is the increasing demand for automation in the healthcare industry. The increase in FDA approvals for image-guided robotic surgery and robotic automation research and development by surgical robotic firms will also have a favorable impact on the market. For instance, Intuitive Surgical Inc.'s Ion System, which enables medical professionals to do minimally invasive biopsies deep within the lung, has obtained USFDA approval.
A few other significant reasons that are anticipated to fuel the expansion of the global surgical robots market over the forecast period include the rising prevalence of chronic diseases and the growing elderly population. The market growth is expected to be accelerated by the rising usage and demand for surgical robots among medical professionals.
Market Restraints
One significant restraint on the growth of the global surgical robot market during this projection period is the high cost of robotic systems. Additionally, the rise in fatalities and injuries resulting from robotic surgeries would restrain the expansion of the surgical robot industry globally.
Market Segmentation
The Global Surgical Robots Market is segmented into component such as Surgical System, Accessory, and Service. Further, market is segmented into application such as Orthopedics, Neurology, Gynecology, Urology, and Others.
Also, the Global Surgical Robots Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Regional Analysis
A high market share in the global market is anticipated for North America due to increased R&D efforts, an increase in the number of hospitals choosing robot-assisted surgery, and rising government spending on healthcare in the area. Due to the surge in R&D activities for the treatment of cancer and other chronic diseases, the APAC region is also anticipated to develop at the highest CAGR over the forecast period. Additionally, throughout this projected period, Europe is anticipated to lose market share while MEA is anticipated to gain market share.
 Key Players
Various key players are discussed in this report such as Stryker Corporation, Intuitive Surgical, Medrobotics Corporation, Auris Health, Inc, Zimmer Biomet, Smith & Nephew, Verb Surgical Inc, SRI International Inc., Accuray Incorporated, Think Surgical Inc., etc.
Market Taxonomy
By Component
• Surgical System
• Accessory
• Service
By Application
• Orthopedics
• Neurology
• Gynecology
• Urology
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Global Surgical Robots Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Surgical Robots Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Surgical Robots Market, By Component
5.1 Y-o-Y Growth Comparison, By Component 
5.2 Global Surgical Robots Market Share Analysis, By Component 
5.3 Global Surgical Robots Market Size and Forecast, By Component
5.3.1 Surgical System
5.3.2. Accessory
5.3.3. Service
6 Global Surgical Robots Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Surgical Robots Market Share Analysis, By Application
6.3 Global Surgical Robots Market Size and Forecast, By Application
6.3.1 Orthopedics
6.3.2. Neurology
6.3.3. Gynecology
6.3.4. Urology
6.3.5. Others
7Global Surgical Robots Market, By Region
7.1 Global Surgical Robots Market Share Analysis, By Region
7.2 Global Surgical Robots Market Share Analysis, By Region
7.3 Global Surgical Robots Market Size and Forecast, By Region
8North America Surgical Robots Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Surgical Robots Market Share Analysis, By Component
8.3 North America Surgical Robots Market Size and Forecast, By Application
8.4 North America Surgical Robots Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Surgical Robots Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Surgical Robots Market Share Analysis, By Component 
9.3 Europe Surgical Robots Market Size and Forecast, By Application 
9.4 Europe Surgical Robots Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Surgical Robots Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Surgical Robots Market Share Analysis, By Component 
10.3 Asia Pacific Surgical Robots Market Size and Forecast, By Application 
10.4 Asia Pacific Surgical Robots Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Surgical Robots Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Surgical Robots Market Share Analysis, By Component 
11.3 Latin America Surgical Robots Market Size and Forecast, By Application 
11.4 Latin America Surgical Robots Market Size and Forecast, By Country
12Middle East Surgical Robots Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Surgical Robots Market Share Analysis, By Component 
12.3 Middle East Surgical Robots Market Size and Forecast, By Application 
12.4 Middle East Surgical Robots Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Stryker Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Intuitive Surgical
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Medrobotics Corporation
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Auris Health, Inc
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Zimmer Biomet
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Smith & Nephew
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Verb Surgical Inc
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 SRI International Inc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Accuray Incorporated
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Think Surgical Inc
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies