手术机器人行业深度报告：医疗保健行业研究革命性外科手术工具，国产手术机器人进入高速发展阶段

Investment Rating - The report maintains a "Recommended" investment rating for the surgical robot industry, highlighting its rapid development and potential for growth [2]. Core Insights - The surgical robot market is maturing, with various types of robots emerging, addressing issues in traditional open surgeries such as low precision, long operation times, and lack of 3D imaging [4][15]. - The market for surgical robots is vast, with significant growth potential in China, where the penetration rate for laparoscopic and orthopedic surgical robots is currently low but expected to rise [20][73]. - The report analyzes Intuitive Surgical, a leader in the robotic-assisted minimally invasive surgery field, showcasing its successful business model and impressive revenue growth [104][106]. Summary by Sections Section 1: Overview of Surgical Robots - Surgical robots are a type of medical robot used for image-guided and minimally invasive surgeries, consisting of a control console, robotic arms, and imaging systems [7][11]. Section 2: Maturation of Surgical Robots - The surgical robot market is characterized by a variety of types, including laparoscopic, orthopedic, and vascular robots, with significant advancements in technology and applications [18][19]. - The Chinese surgical robot market is projected to exceed 10 billion yuan by 2024, indicating a robust growth trajectory [20][21]. Section 3: Market Potential and Domestic Substitution - The penetration rates for surgical robots in China are currently below 1% but are expected to approach 3% by 2026, indicating substantial room for growth compared to the U.S. market [73][74]. - Domestic surgical robots are gaining market share due to their price advantages, with the market share expected to rise from 32.61% in 2023 to 48.89% in 2024 [80][81]. Section 4: Case Study of Intuitive Surgical - Intuitive Surgical has established a strong global presence with its da Vinci surgical system, achieving a revenue of $8.352 billion in 2024, with a compound annual growth rate of 26.99% [104][106]. - The company's business model, which integrates systems, consumables, and services, has been pivotal in driving long-term revenue growth [106].