Global AI-based Surgical Robots market segments 2024, Forecast To 2033
23 Jan, 2024
The AI-based surgical robots market has experienced exponential growth, surging from $5.73 billion in 2023 to $6.88 billion in 2024 at a CAGR of 20.0%. Historical growth is attributed to the aging population, demand for minimally invasive surgery, an increase in healthcare expenditure, the need for patient safety, and the increased prevalence of chronic diseases. Looking ahead to 2028, the market size is projected to reach $13.12 billion, with a CAGR of 17.5%, driven by factors such as telemedicine and remote surgery, increasing investment, a growing number of robotic surgeries, a shortage of medical professionals, and other factors. Major trends in the forecast period include the integration of AI and machine learning, robotics-as-a-service (RaaS), miniaturization and portability, surgical data analytics, patient-specific surgical planning, and interdisciplinary collaboration.
Global AI-based Surgical Robots Market Key Driver
The AI-based surgical robots market grows due to the rising adoption of technologically advanced robots in surgical procedures. In 2023, robotic surgery is used in 15% of surgeries in the US. Surgeons' increasing reliance on AI-based surgical robots for diverse applications contributes to the market's expansion.
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The global ai-based surgical robots market covered in this report is segmented –
1) By Product: Services, Instrument and Accessories
2) By Application: Orthopedics, Neurology, Urology, Gynecology, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centres
By Geography: The regions covered in the AI-based Surgical Robots market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the AI-based surgical robots’ market in 2023. Asia-Pacificis expected to be the fastest-growing region in the AI-based surgical robots market share during the forecast period. The regions covered in the ai-based surgical robots market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major AI-based Surgical Robots Industry Players
Accuray Incorporated, Intuitive Surgical Inc., Medtronic plc, Medrobotics Corporation, Zimmer Biomet Holdings Inc., Stereotaxis Inc., Transenterix Inc., Stryker Corporation, Activ Surgical Inc., Titan Medical Inc., CMR Surgical Inc., Smith and Nephew plc, Auris Health Inc., Corindus Vascular Robotics Inc., EndoMaster Pte Ltd., Freehand 2010 Ltd., Globus Medical Inc., Hansen Medical Inc., Johnson & Johnson, Memic Innovative Surgery Ltd., Microbot Medical Inc., Neural Analytics Inc., Renishaw plc, Restoration Robotics Inc., Synaptive Medical Inc., Think Surgical Inc., XACT Robotics Ltd., Zavation Medical Products LLC, Vicarious Surgical Inc., Asensus Surgical Inc., Brainlab AG, Corin Group plc, IMRIS Inc.
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AI-based Surgical Robots Market Overview
AI-based surgical robots are surgical robots powered by artificial intelligence which are well-known in the medical field and are frequently used. They are computer-manipulated devices that allow surgeons to focus on the complex aspects of surgery.
AI-based Surgical Robots Global Market Report 2023 provides data on the global ai-based surgical robots market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ai-based surgical robots market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.