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The global surgical robots market size was valued at USD 7.40 billion in 2023, driven by the increasing demand of minimally invasive surgeries across the globe. The market is anticipated to grow at a CAGR of 15.7% during the forecast period of 2024-2032 to achieve a value of USD 27.51 billion by 2032.
Surgical robots are medical devices that are used by surgeons in the healthcare industry to perform robot assisted surgeries. The use of surgical robots has revolutionized the field of surgery. With the use of these surgical robots, surgeons are now achieving better results, precision, accuracy, and control over surgical procedures. Robot assisted surgical procedures provide more patient safety and shorter recovery time. These robots are manipulated by the surgeons sitting at another end and managing them through a console while the robot interprets the controls and perform actions accordingly.
The increasing adoption of surgical robots in the healthcare field is revolutionizing the way surgeries were used to be performed. Due to the effective benefits they provide, healthcare professionals are proposing to explore the full potential of surgical robots. With the help of the surgical robots, better outcomes are achieved by surgeons in surgeries as they are robot assisted surgeries. The use of surgical robots has expanded in other fields as well rather than being used in certain limited fields.
The surgical robots market development is also driven by the increasing improvements and developments by manufacturers of surgical robots. Surgical robots are widely being used in fields like orthopaedic surgery, cardiothoracic surgery, general surgeries, and neurosurgeries. Due to the increasing technological advancement, the uses and applications of surgical robots have also increased.
Market Breakup by Component
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The increasing demand of minimally invasive procedures has been primarily driving the growth of the market. With the help of surgical robots, the surgeons are able to perform complex surgeries with more precision and accuracy that directly supports the enhanced outcome of the surgery, leading to surgical robots market growth.
Robot assisted surgeries result in better outcomes, take lesser time to perform the surgery, and even makes patient recover faster due to minimal incisions, aiding the surgical robots market expansion. The increasing demand of robot assisted surgeries is also driving the market growth.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
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*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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The market attained a value of about USD 7.40 billion in 2023, driven by the rising number of surgeries.
The market is anticipated to grow at a CAGR of 15.7% during the forecast period of 2024-2032, likely to reach a market value of USD 27.51 billion by 2032.
The major regional markets include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The increasing demand for minimally invasive surgeries is a key trend for the market.
The different types of components in the market are robotic systems, instruments and accessories, services.
The different mechanisms of control used in surgical robots’ market are computer control and direct telemanipulaor.
The surgical find wide applications in orthopaedic surgery, endometriosis, general surgery, neurosurgery, thoracic surgery, colorectal surgery, gynecology, heart surgery, urologic surgery, and others.
The end users in the surgical robot market are hospitals and clinics, and ambulatory surgical centers, among others.
Key players involved in the market are Intuitive Surgical Inc, Stryker, Johnson & Johnson Services, Inc., Medtronic, Smith+Nephew, Asensus Surgical US, Inc., Siemens Healthcare GmbH, CMR Surgical Limited, Renishaw plc, THINK Surgical®, Inc., and Zimmer Biomet.
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