Global Urology Robotic Surgery Market Size, Trends and Growth Opportunity, By Component (Robotic Surgery Systems, Instruments and Accessories, Services), By Equipment Type (Robot Machines, Navigation Systems, Planners and Simulators, Other Equipment), By Application (Robotic Prostatectomy, Robotic Cystectomy, Robotic Pyeloplasty, Robotic Nephrectomy, Other Procedures), By Region and forecast till 2027.
Global Urology Robotic Surgery Market
Global Urology Robotic Surgery Market was valued at USD 4.04 billion in 2021 and is slated to reach at USD 18.41 billion by 2027 at a CAGR of 15.80% from 2022-2027.
Urology robotic surgery is a type of surgery in which robots are used to perform urological procedures. These robotic surgeries are designed to improve procedure guidance, workflow, and collaboration throughout various surgical procedures. These robots are designed to improve urology surgery efficiency while reducing problems and time. Because robotic technology is minimally invasive, it is ideal for difficult and delicate urological operations.
Market Drivers
The rising prevalence of bone degenerative diseases, as well as the increasing number of hip and knee replacement procedures, are likely to drive market growth. According to the Agency for Healthcare Research and Quality, more than 4,50,000 hip replacement procedures are performed in the United States each year. Furthermore, according to data from the Australian Institute of Health and Welfare (AIHW), the total knee replacement rate for osteoarthritis has increased. As a result, many disorders necessitate robotic surgery, fueling market expansion. Many industrial strategic initiatives by prominent market players are projected to boost market growth in the next years. For example, in 2019, Ethicon, a subsidiary of Johnson and Johnson, bought Auris Health, a creator of a robotic technology platform. This deal was made to help Ethion expand its digital surgical portfolio to protect lung cancer patients. Furthermore, Stryker Corporation bought OrthoSpace, Ltd. in 2019, which helped to increase the company's surgical equipment range. As a result, such industrial initiatives are likely to increase robot adoption and market growth.
The rising adoption of surgical robots in neurosurgeries due to the benefits provided by surgical robots over traditional surgical techniques is likely to drive market expansion. Additionally, technical developments, as well as favourable outcomes from robotic neurosurgery, are expected to drive market expansion. The growing use of automated robotic equipment in brain surgery is also expected to drive the market. According to a Robotics Industries Association (RIA) report, 5G technology and robotic aid were employed to do brain surgery. As a result, this aspect increases market growth.
Marker Restraints
There are numerous negative effects linked with Urology robotic surgery that restrict market expansion. Infection, blood clotting, haemorrhage, heart attack, hernias, impotence, persistent urine incontinence, and strictures are all common side effects. The growing number of adverse effects will stymie market expansion.
Impact of COVID-19
During the COVID-19 epidemic, there was a significant reduction in robot adoption in 2020 compared to 2019. This is due to a decrease in surgical procedures and a lack of manpower in manufacturing facilities. However, increasing demand for automated tools with high precision and little human effort for surgical applications is expected to drive market expansion during the forecast period. Furthermore, there is a developing tendency in the deployment of automated instruments. This could be due to the COVID-19 pandemic, during which people became more aware of the potentially fatal viral illnesses and the risk of contamination.
Recent Development
Medtronic bought Digital Surgery, a privately held surgical AI business specialising in data analytics, digital education, and training, in 2021. With the addition of a new robot dubbed Hugo, Medtronic hopes to strengthen its robot-assisted surgical platform and expand its robotic system portfolio with this acquisition.
Market Segmentation
Global Urology Robotic Surgery Market is segmented into Component, Equipment Type and Application. By Component such as Robotic Surgery Systems, Instruments and Accessories, Services. By Equipment such as Robot Machines, Navigation Systems, Planners and Simulators, Other Equipment. By Application such as Robotic Prostatectomy, Robotic Cystectomy, Robotic Pyeloplasty, Robotic Nephrectomy, Other Procedures. 
Regional Analysis
Global Urology Robotic Surgery Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. The market for urology robotic surgery has grown favourably in Asia-Pacific over the course of the projection period as a result of the region's growing patient base and rising use of sophisticated automated surgical tools. In addition, increased demand for contemporary healthcare facilities and innovative medical technology is anticipated to boost market expansion in this area. The adoption of automated surgical instruments along with the expansion of next-generation healthcare facilities in the U.S. have made North America the industry leader. Also, the prevalence of chronic diseases including diabetes, cancer, and cardiovascular diseases is rising in the United States, which is driving up the use of automated surgical equipment and, consequently, the market in this area.
Key Players
This report includes a list of numerous Key Players, namely Intuitive Surgical (U.S.), THINK Surgical, Inc (U.S.), Stryker (U.S.), Renishaw plc (U.K), Medtronic (Ireland), Titan Medical Inc. (Canada), Asensus, Surgical US, Inc. (U.S.), AVRA Medical Robotics, Inc (U.S.), Surgical Science (Israel).
Market Taxonomy
By Component
•        Robotic Surgery Systems
•        Instruments and Accessories
•        Services
By Equipment Type
•        Robot Machines
•        Navigation Systems
•        Planners and Simulators
•        Other Equipment
By Application
•        Robotic Prostatectomy
•        Robotic Cystectomy
•        Robotic Pyeloplasty
•        Robotic Nephrectomy
•        Other Procedures
By Region
•        North America
•        Latin America
•        Europe
•        Asia Pacific
•        Middle East & Africa.

Global Urology Robotic Surgery 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 Urology Robotic Surgery 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 Urology Robotic Surgery Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Urology Robotic Surgery Market Share Analysis, By Component
5.3 Global Urology Robotic Surgery Market Size and Forecast, By Component
5.3.1 Robotic Surgery Systems
5.3.2 Instruments and Accessories
5.3.3 Services
6 Global Urology Robotic Surgery Market, By Equipment Type
6.1 Y-o-Y Growth Comparison, By Equipment Type
6.2 Global Urology Robotic Surgery Market Share Analysis, By Equipment Type
6.3 Global Urology Robotic Surgery Market Size and Forecast, By Equipment Type
6.3.1 Robot Machines
6.3.2 Navigation Systems
6.3.3 Planners and Simulators
6.3.4 Other Equipment
7 Global Urology Robotic Surgery Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Urology Robotic Surgery Market Share Analysis, By Application
7.3 Global Urology Robotic Surgery Market Size and Forecast, By Application
7.3.1 Robotic Prostatectomy
7.3.2 Robotic Cystectomy
7.3.3 Robotic Pyeloplasty
7.3.4 Robotic Nephrectomy
7.3.5 Other Procedures
8 Global Urology Robotic Surgery Market, By Region
8.1 Global Urology Robotic Surgery Market Share Analysis, By Region
8.2 Global Urology Robotic Surgery Market Share Analysis, By Region
8.3 Global Urology Robotic Surgery Market Size and Forecast, By Region
9 North America Urology Robotic Surgery Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Urology Robotic Surgery Market Share Analysis, By Component
9.3 North America Urology Robotic Surgery Market Size and Forecast, By Equipment Type
9.4 North America Urology Robotic Surgery Market Size and Forecast, By Application
9.5 North America Urology Robotic Surgery Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Urology Robotic Surgery Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Urology Robotic Surgery Market Share Analysis, By Component
10.3 Europe Urology Robotic Surgery Market Size and Forecast, By Equipment Type 
10.4 Europe Urology Robotic Surgery Market Size and Forecast, By Application
10.5 Europe Urology Robotic Surgery Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Urology Robotic Surgery Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Urology Robotic Surgery Market Share Analysis, By Component
11.3 Asia Pacific Urology Robotic Surgery Market Size and Forecast, By Equipment Type 
11.4 Asia Pacific Urology Robotic Surgery Market Size and Forecast, By Application
11.5 Asia Pacific Urology Robotic Surgery Market Size and Forecast, By Country
11.5.1 China        
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Urology Robotic Surgery Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Urology Robotic Surgery Market Share Analysis, By Component
12.3 Latin America Urology Robotic Surgery Market Size and Forecast, By Equipment Type 
12.4 Latin America Urology Robotic Surgery Market Size and Forecast, By Application
12.5 Latin America Urology Robotic Surgery Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
14 Middle East Urology Robotic Surgery Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Urology Robotic Surgery Market Share Analysis, By Component
14.3 Middle East Urology Robotic Surgery Market Size and Forecast, By Equipment Type 
14.4 Middle East Urology Robotic Surgery Market Size and Forecast, By Application
14.5 Middle East Urology Robotic Surgery Market Size and Forecast, By Country
14.5.1 Saudi Arabia
14.5.2 UAE
14.5.3 Egypt
14.5.4 Kuwait
14.5.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Intuitive Surgical (U.S.) 
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 THINK Surgical, Inc (U.S.)
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Stryker (U.S.) 
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Renishaw plc (U.K) 
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Medtronic (Ireland)
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Titan Medical Inc. (Canada)
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Asensus, Surgical US, Inc. (U.S.)
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies        
16.8 AVRA Medical Robotics, Inc (U.S.) 
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Surgical Science (Israel)
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies