Market Highlights

Technological advancements in surgical robotics, a growing preference for minimally invasive surgery, more financing for surgical robot research, and the global expansion of modern medical technology and surgical robots are all expected to boost demand. Other key growth drivers include the growing popularity of minimally invasive procedures among patients due to their additional benefits, such as the need for shorter patient hospital stays compared to conventional surgery, the introduction of compact and cost-effective surgical robots by modern suppliers, and approvals for modern medical conditions.

However, the high expense of surgical robotics, as well as the uncertainty surrounding robotic-assisted surgery, are projected to limit corporate demand.

The surgical robots market is witnessing rapid growth, fueled by the increasing adoption of robot-assisted surgery. With advancements in technology and rising demand for minimally invasive procedures, surgical robots are becoming indispensable tools in operating rooms worldwide. Key players are innovating to enhance precision, efficiency, and patient outcomes, driving market expansion.

The surgical robots market is experiencing rapid growth as robotic surgery gains popularity for its precision and minimally invasive approach. Robotic surgery systems offer enhanced dexterity and visualization, leading to improved surgical outcomes and patient recovery. With ongoing technological advancements and increasing adoption by healthcare facilities, the surgical robots market is poised for significant expansion.

The surgical robots market was valued at USD 4.21 billion in 2021 and is expected to rise from USD 5.05 billion in 2022 to USD 21.41 billion by 2030, with a compound yearly growth rate (CAGR) of 5.8% over the forecast period (2022– 2030).

Market Segmentation

By product category, the global market for surgical robots has been segmented into instruments & components, robotic systems, and facilities.

The industry was classified as gynaecological surgery, general surgery, cardiac surgery, urological surgery, colorectal surgery, head and neck surgery, and others, depending on use. During the forecast period, the general surgery segment is anticipated to rise at the fastest rate.

The market was categorised as direct telemanipulator and computer control, depending on the control mechanism.

The sector has been split into hospitals and ambulatory surgical centres depending on end-users. The market for surgical robots in hospitals is mainly motivated by a rising emphasis on better precision medicine and more convenience for surgeons.

Regional Overview

The global surgical robots market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

It is expected that the Americas will hold the largest share of the global market for surgical robots. The market is projected to be dominated by North America, primarily due to the increasing financial potential of hospitals to invest in robotic systems, strategic partnerships with other firms, increasing patient recognition for the use of surgical robotics in medical procedures that contribute to superior health outcomes, and the general knowledge of computer-assisted surgeries. Factors such as the the financial potential of hospitals to invest in these systems, strategic cooperation with insurance providers, the patient support for the use of surgical robots in operations due to superior clinical outcomes, and general knowledge of computer-assisted surgery are attributable to the fast growth in this area. The largest share of the American Surgical Robots Market size is accounted for by the U.S. Due to the wide adoption of these robots in medicine, the demand is rising. The availability of funding for R&D in surgical robotics in this area and the growing use of surgical robots for paediatric surgeries in Canada and general surgery procedures in the US can be due to the large percentage of the North American industry.

During the projection period, Europe is projected to account for the second-largest market share. A increasing need for automation in the healthcare sector and an increasing demand for minimally invasive surgeries or unmanned surgeries and miniature robotics are the reasons responsible for market growth in this area.

Due to the prevalence of a huge patient population, the the number of hospitals, and the rapid advancement of technology, Asia-Pacific is expected to be the fastest-growing region in the global market to sustain market growth.

The Middle East & Africa surgical robot market is projected to expand due to the growth of healthcare infrastructure.

Competitive Dashboard

The major players in the global surgical robots market are Intuitive Surgical, Inc. (US), Stryker Corporation (US), Mazor Robotics (Israel),  TransEnterix, Inc. (US), Medtech SA (France), Merck Co. & Inc (US), Renishaw PLC (UK), Verb Surgical Inc. (US), Hansen Medical (US), Smith & Nephew (UK), and Medrobotics Corporation (US).

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