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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Surgical Robotics Market Analysis
The increased demand for healthcare automation, the increased prevalence of chronic illnesses, the rising geriatric population, the difficulty of surgical procedures, and the growing demand for more precise and versatile non-invasive operations is driving the market growth. The increasing technological developments are expected to increase market penetration over the forecast period 2024-2032. The implementation of robotic procedure reduced the complications related to surgeries and allowed surgeons to do better work than the conventional open-surgical and laparoscopic methods.
High installation costs, safety concerns, integration issues, and the need for technically qualified personnel are among the factors limiting the market growth. The costs, however, are expected to reduce in the coming years owing to technological advancements in the industry.
Surgical Robotics Market Report Snapshots
Surgical Robotics Market Analysis
*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
In 2023, the global surgical robotics market attained a value of nearly USD 8.78 billion.
The market is expected to grow at a CAGR of about 20% in the forecast period of 2024-2032.
The major drivers of the market include the increasing geriatric population, difficulty of surgical procedures, growing demand for more precise and versatile non-invasive operations, and increasing technological developments.
The increased demand for healthcare automation, increased prevalence of chronic illnesses, and the ability of surgical robotics to perform complex procedures are the key trends guiding the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Surgical systems, accessories, and services are the leading components in the global surgical robotics market.
Gynaecological surgery, urological surgery, neurosurgery, orthopaedic surgery, and general surgery, among others are the major surgery types in the market.
The major players in the market are Johnson & Johnson, Intuitive Surgical, Inc., KUKA AG, MAKO Surgical Corp., Renishaw plc, THINK Surgical, Inc., Auris Health, Inc., Medtronic plc, and Smith & Nephew plc, among others.
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