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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Trends in the Market
Robotic surgical procedures, also known as robot-assisted surgical procedures, are the process of carrying out a surgery using a robotic surgical system. Robotic components are capable of performing a variety of surgical procedures with greater efficiency, precision, and control, in less time, which are usually not possible using conventional surgical techniques.
- The global robotic surgical procedures market is being driven by the rapid transition from traditional manual surgical methods towards automated surgical procedures. Rapid digitalisation across the healthcare sector to achieve greater operational efficiency in healthcare units is further bolstering the application of robotic surgical procedures in hospitals.
- Robot assisted surgical procedures offer significant advantages such as shorter duration of hospitalisation, fewer scars, lesser pain, and faster recovery which allows patients to return to their daily routine sooner. In this regard, the increasing awareness about the benefits of robotic surgical procedures are accelerating the growth of the market for robotic surgical procedures.
- Advancements, upgradations, and innovations by the major med-tech companies is a crucial driving trend of the market. Cameras with greater resolutions and self-powered computing devices are some of the critical innovations which are expected to be witnessed in the coming years.
- The penetration of artificial intelligence (AI) and machine learning (ML) is likely to improve the precision and accuracy of robotic surgical procedures which will further boost the reliability of the surgeries, thereby, escalating the growth of the robotic surgical procedures market.
Robotic Surgical Procedures Market Report Snapshots
Robotic Surgical Procedures Market Size
Robotic Surgical Procedures Market Trends
Robotic Surgical Procedures Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market for robotic surgical procedures reached a value of more than USD 6.96 billion in 2023.
The market is estimated to grow at a CAGR of 18.7% in the forecast period of between 2024 and 2032.
The rapid transition from traditional manual surgical methods towards automated surgical procedures, upgradations and innovations by the major med-tech companies, and increasing inclination towards minimally invasive treatment procedures, are the key drivers of the robotic surgical procedures market.
The key trends in the market include the favourable digital initiatives by the emerging economies and increasing prevalence of chronic diseases requiring surgery.
Coronary artery bypass, removal of cancerous tissue, hip replacement surgery, and kidney removal, among others, are some of the common robotic surgical procedures.
Most of the robotic surgical procedures take around two to three hours.
Typically, one night hospital stay is enough after a robotic surgical procedure.
Yes, robotic surgical procedure is considered safer than the regular surgery, because of high precision and lower invasion.
Surgeons prefer robotic surgical procedures due to greater precision, higher accuracy, better control during operation, and lower hospitalisation time.
Intuitive Surgical, Stryker, Smith & Nephew, Accuray Incorporated, CMR Surgical Ltd., Medtronic, Johnson & Johnson Services, Inc., Zimmer Biomet, avateramedical GmbH and Others, are the key market players, according to the report.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124