Neurosurgical Robotics Market Size | Global Report 2022, 2028
The neurosurgical robotics market is expected to grow from US$ 1,691.02 million in 2021 to US$ 4,729.86 million by 2028. It is estimated to grow at a CAGR of 16.1% from 2022 to 2028.
A robot is an automatic mechanical device often resembling a human or animal. Modern robots are usually electro-mechanical machines guided by a computer program or electronic circuitry. Robots can be autonomous or semi-autonomous and range from humanoids such as Honda's Advanced Step in Innovative Mobility (ASIMO) and TOSY's TOSY Ping Pong Playing Robot (TOPIO) to industrial robots, collectively programmed swarm robots, and even microscopic nanorobots. Over the last 20 years, neurosurgical robots have been increasingly assisting in neurosurgical procedures. In recent years, neurosurgical robots have been developed to perform various procedures. Public demand is informing the direction of neurosurgery and placing greater pressure on neurosurgeons to use neurosurgical robots. The increasing diversity and sophistication of neurosurgical robots have received ethical scrutiny due to the surgical complications that may arise as well as the role of robots in the future.
The report offers insights and in-depth analysis of the global neurosurgical robotics market, emphasizing various parameters, including market trends, technological advancements, market dynamics, and competitive landscape analysis of global leading market players. It also includes the impact of the COVID-19 pandemic on the market across all regions. The overall COVID-19 impact on the neurosurgical robotics market was mixed; hence, the market is still gaining traction and is expected to grow in the coming years. The health care systems were overburdened, and the delivery of medical care to all patients has become a challenge in the region. In addition, the medical device industry was also facing the undesirable impact of this pandemic. As the COVID-19 pandemic continued to unfold, medical device companies found difficulties managing their operations. Many companies of neurosurgical robotics had their business operations in the USand businesses were adversely affected by the effects of a widespread outbreak of COVID-19. However, after the pandemic restrictions normalized, the volume of surgical procedures returned to normal levels. Gradually hospitals started resuming elective procedures as the COVID-19 recovery rate was increasing the demand for medical equipment like neurosurgical robots.
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Neurosurgical Robotics Market: Strategic Insights
Neurosurgical Robotics Market
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CAGR (2021 - 2028)
16.1%
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Market Size 2021
US$ 1.69 Billion
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Market Size 2028
US$ 4.73 Billion
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- Brainlab AG
- Medtronic
- Renishaw plc
- Zimmer Biomet
- Globus Medical Inc
- Synaptive Medical Inc
- NuVasive Inc
- Accuray Incorporated
- Brain Navi Biotechnology Co Ltd
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Equipment/System
- Accessories
- Services
Application
- Spinal
- Cranial
Surgery Type
- Minimally Invasive
- Open Surgery
End Users
- Hospitals
- Specialty Clinics
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Neurosurgical Robotics Market: Strategic Insights
-
CAGR (2021 - 2028)16.1% -
Market Size 2021
US$ 1.69 Billion -
Market Size 2028
US$ 4.73 Billion
Market Dynamics
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Key Players
- Brainlab AG
- Medtronic
- Renishaw plc
- Zimmer Biomet
- Globus Medical Inc
- Synaptive Medical Inc
- NuVasive Inc
- Accuray Incorporated
- Brain Navi Biotechnology Co Ltd
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Equipment/System
- Accessories
- Services
- Spinal
- Cranial
- Minimally Invasive
- Open Surgery
- Hospitals
- Specialty Clinics
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Geography-Based Insights
By geography, the global neurosurgical robotics market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Russia, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, Kazakhstan, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of the MEA), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Market Insights
Rise in Number of Neurosurgical Procedures
The growing prevalence of neurological disorders, including epilepsy, Parkinson’s disease, head injury, brain tumors, brain stroke, and hydrocephalus, raises the need for neurosurgeries. Also, several subspecialties of neurosurgery, such as pediatric neurosurgery, functional neurosurgery, neurovascular surgery, traumatology, skull-base surgery, and spinal surgery, are among the most technical and skilled areas of surgery.
According to an article entitled “Emphasizing the Role of Neurosurgery Within Global Health and National Health Systems” published in Frontiers Media S.A. in 2021, due to the increasing incidence of traumatic brain injury (TBI) and hydrocephalus, 22.6 million individuals worldwide need neurological care annually. Among these patients, 13.8 million individuals require neurosurgery. As per the data published by the Centers for Disease Control and Prevention (CDC), the US recorded ~223,135 TBI-related hospitalizations in 2019 and 64,362 TBI-related deaths in 2020. Also, as per an article published in 2022 in The Lancet entitled “The future research path of traumatic brain injury, " more than 27 million new cases of TBI are reported worldwide every year. TBI can be treated by neurosurgical procedures. Therefore, the rising cases of TBI due to several factors, including falls, sports injuries, road accidents, domestic violence, and military incidents, propel the demand for neurosurgical procedures.
According to World Health Organization (WHO) data published in June 2022, ~50 million people have epilepsy across the world, and it is one of the most common neurological diseases. Nearly 80% of epilepsy patients are in low- and middle-income countries. Additionally, an estimated 5 million people are diagnosed with epilepsy each year. The patients who poorly respond to drug treatment undergo surgery. Therefore, the growing incidence of epilepsy propels the need for neurosurgical procedures. Thus, an increase in the number of neurosurgeries drives the growth of the neurosurgical robotics market.
Component-Based Insights
Based on component, the global neurosurgical robotics market is segmented into equipment, accessories, and services. In 2021, the accessories segment accounted for the largest market share. However, the services segment is anticipated to register the highest CAGR in the market from 2022 to 2028.
Application-Based Insights
Based on application, the global neurosurgical robotics market is bifurcated into spinal and cranial. The spinal segment held a larger market share in 2021 and is expected to register a faster CAGR during the forecast period.
Neurosurgical Robotics Market Report Scope
Report Attribute
Details
Market size in 2021
US$ 1.69 Billion
Market Size by 2028
US$ 4.73 Billion
Global CAGR (2021 - 2028)
16.1%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Component - Equipment/System
- Accessories
- Services
By Application - Spinal
- Cranial
By Surgery Type - Minimally Invasive
- Open Surgery
By End Users - Hospitals
- Specialty Clinics
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
- Brainlab AG
- Medtronic
- Renishaw plc
- Zimmer Biomet
- Globus Medical Inc
- Synaptive Medical Inc
- NuVasive Inc
- Accuray Incorporated
- Brain Navi Biotechnology Co Ltd
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
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Market size in 2021 | US$ 1.69 Billion |
Market Size by 2028 | US$ 4.73 Billion |
Global CAGR (2021 - 2028) | 16.1% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Component
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
End User-Based Insights
Based on end users, the global neurosurgical robotics market is segmented into hospitals, specialty centers, and others. The hospitals segment held the largest market share in 2021. The same segment is expected to register the highest CAGR in the market from 2022 to 2028.
The global neurosurgical robotics market players take up organic strategies, including product launch and expansion, to expand their footprint and product portfolio worldwide and meet the growing demand. The key players in the market are Globus Medical, Inc., Renishaw plc, Accuray Incorporated, NuVasive, Inc, Brainlab AG, Zimmer Biomet, Synaptive Medical, Inc., Medtronic, Brain Navi Biotechnology Co., Ltd., B. Braun Melsungen AG.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Application, Surgery Type, and End Users
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Kazakhstan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Brainlab AG; Medtronic; Renishaw plc; Zimmer Biomet; Globus Medical, Inc.; Synaptive Medical, Inc.; NuVasive, Inc.; Accuray Incorporated; Brain Navi Biotechnology Co., Ltd.; and B. Braun Melsungen AG are among the leading companies operating in the neurosurgical robotics market.
The minimal invasive segment dominated the global neurosurgical robotics market and accounted for the largest market share in 2021.
Based on application, spinal segment took the forefront lead in the worldwide market by accounting largest share in 2021 and is expected to continue to do so till the forecast period.
Rise in number of neurosurgical procedures and advantages of neurosurgical robots encourage key players to develop innovative products are the most significant factors responsible for the overall market growth.
Based on component, equipment/systems segment took the forefront lead in the worldwide market by accounting largest share in 2021 and is expected to continue to do so till the forecast period.
The List of Companies - Neurosurgical Robotics Market
- Brainlab AG
- Medtronic
- Renishaw plc
- Zimmer Biomet
- Globus Medical, Inc.
- Synaptive Medical, Inc.
- NuVasive, Inc.
- Accuray Incorporated
- Brain Navi Biotechnology Co., Ltd.
- B. Braun Melsungen AG