Japan Surgical Robots Market Insights Forecasts To 2030

• The Japan Surgical Robots Market Size was valued at USD 107.2 million in 2021.
• The Market is growing at a CAGR of 12.1% from 2022 to 2030
• The Japan Surgical Robots Market key players are actively advertising their products to stay in the competition and capture the attention of consumers all over the world.

Market Overview

The Japan Surgical Robots Market Size was valued at USD 107.2 million in 2021 to USD 297.1 million by 2030 at a CAGR OF 12.01% from during the forecast period (2022-2030). Japan's surgical robot market is becoming increasingly competitive as domestic companies take on American manufacturers that dominated the industry. In Japan, an increasing number of robotic operations are currently covered by public health insurance. If costs decrease due to more competition, the use of these robots may become more prevalent. In 2020, Medicaroid, a partnership between Japan's Kawasaki Heavy Industries and Japanese clinical testing equipment manufacturer Sysmex, released the first domestically developed surgical robot, known as "hinotori," to compete with Intuitive Surgical's hegemony in the market for surgical robots. Their product reportedly moves more easily, particularly in small operating rooms.

In December 2022, the Hugo system was introduced by Irish medical device maker Medtronic. With four independent arms, the robot can be configured differently depending on the sort of operation being performed.

Report Coverage

This research report categorizes the market of Japan surgical robots market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan surgical robots market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan surgical robots market.

Driving Factors

The market for surgical robots in Japan has grown significantly in recent years, and it is anticipated that this trend will keep growing in the upcoming years. One of the primary drivers of this growth is that Japan has a number of the oldest populations in the world, with a significant proportion of its population having over 65. This has raised the demand for surgical operations as well as other healthcare services. Additionally, the market is expanding primarily due to the rising demand for minimally invasive procedures. The field of surgical robotics is constantly evolving, with new advancements being made in areas such as artificial intelligence and machine learning. The surgical robotics market in Japan is anticipated to experience novel opportunities for innovation and expansion as a result of these advancements. Moreover, the Japan government has been actively promoting the adoption of advanced medical technologies, including robotic surgery systems. This support has helped to drive growth in the market. In addition, Japan's robust healthcare system is well-suited to encourage the adoption of cutting-edge medical innovations like surgical robots. Overall, these factors are expected to continue driving growth in the Japan surgical robots market in the coming years.

Restraining Factors

The expansion of the surgical industry is hindered by the cost of purchasing and maintaining surgical robots, which can be a barrier to adoption for some hospitals and healthcare providers. Surgical robotics is a highly regulated industry, and getting regulatory approval for new technologies may be a time-consuming and costly procedure. This can be a barrier to entry for smaller companies or those without significant financial resources. Moreover, the surgical robots market in Japan is highly competitive and there are several well-established companies worldwide. This can make it difficult for new companies to gain a foothold in the market. These restraining factors should be taken into consideration when evaluating the potential growth of the Japan surgical robots market.

COVID 19 Impacts 

The COVID-19 epidemic has a favorable effect on the market for these devices because surgical robots can reduce contact between medical staff and patients, the COVID-19 epidemic has a favorable effect on the market for these devices.. The COVID-19 pandemic had a beneficial effect on the Japanese surgical robots business because surgical robots have many benefits, including reducing interaction between healthcare providers and patients and lowering contamination and pathogen spread.

Market Segment

In 2021, the neurosurgery segment is leading the market with the largest market share during the forecast period.

Based on system application, the Japan surgical robots market is divided into various segments, such as, general surgery, gynaecological surgery, orthopaedic surgery, and neurosurgery. Among these, neurosurgery is expected to expand the growth of the market owing to the increasing usage of robots in neurosurgery procedures due to the advantages that surgical robots have over traditional surgical methods, which are expected to speed up the expansion of the segments. Also, the rising prevalence of neurological problems like strokes, neurodegenerative diseases, epilepsy, persistent migraines, and others, as well as the rising pace of new technology being adopted by doctors.

In 2021, The Hospital segment is influencing the market over the forecast period.

Based on the end users, the Japan surgical robots market is bifurcated into different segments, such as, hospitals, clinics, ambulatory surgery centers, and others. The hospital sector is anticipated to hold the most market share due to the increasing healthcare spending around the globe and institutions furnished with state-of-the-art surgical robots to enhance patient outcomes.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan surgical robots market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Olympus Corporation 
• venture company
• Intuitive Surgical
• Medtronic
• Johnson & Johnson
• Stryker
• Siemens Healthineers’ Corindus
• Vicarious Surgical
• Asensus Surgical
• Moon Surgical
• Momentus Surgical
• Monteris Medical
• Titan Medical

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In December 2022, Insurance reimbursement for more robotic surgical operations was approved. Then, on January 10, 2023 hinotori was rewarded the Prime Minister’s Prize related to the Ministry of Economy, Trade and Industry.

• In August 2022, Sales of the hinotori system outside of Japan are expected to start in March 2024, according to Kobe-based Medicaroid, a 50/50 joint venture between Kawasaki Heavy Industries and the manufacturer of medical diagnostics equipment Sysmex.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Japan Surgical Robots Market based on the below-mentioned segments:

Japan Surgical Robots Market, By Application

• General Surgery,
• Gynaecological Surgery
• Orthopaedic Surgery
• Neurosurgery

Japan Surgical Robots Market, By Product & Service Type

• Instrument & Accessories
• Robotic Systems
• Services

Japan Surgical Robots Market, By End Users

• Hospital, Clinics
• Ambulatory Surgery Centres
• Others

Global Report Reference Link 

Global Surgical Robots Market Size, Share, and COVID-19 Impact Analysis, By Application (General Surgery, Gynaecological Surgery, Orthopaedic Surgery, Neurosurgery), By Product & Service Type (Instrument & Accessories, Robotic Systems, Services), By End Users (Hospital, Clinics, Ambulatory Surgery Centres, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030  

https://www.sphericalinsights.com/reports/surgical-robots-market