Global Surgical Robots Market 2024 , Forecast To 2033
7 Mar, 2024
The surgical robots market (6) has witnessed rapid growth, rising from $8.14 billion in 2023 to $9.71 billion in 2024 at a CAGR of 19.3%, driven by increasing prevalence of chronic diseases and robotic-assisted procedures. Looking forward, the market is projected to continue its rapid expansion, reaching $20.28 billion in 2028 at a CAGR of 20.2%, fueled by expansion of indications and demand for remote surgery solutions, with major trends including AI integration and miniaturized surgical robots.
Global Surgical Robots Market Key Driver
The increasing elderly and surgical patient populations are expected to propel the growth of the surgical robot market going forward (28). The growing elderly and surgical patient populations substantially impact the use and development of surgical robots (29). Minimally invasive procedures performed by surgery robots are used to reduce patient trauma, shorten recovery times, and cut complication rates (30). These benefits are critical for aged people to lower mortality and morbidity rates (31). For instance, according to October 2021 published factsheet by World Health Organization, a Switzerland-based governing body, there will be 1.4 billion individuals over the age of 60 in the world by 2030 (32). Further, according to the American Joint Replacement Registry's 2022 Annual Report, released on November 2022, hip and knee arthroplasty cases in the US reached around 2.8 million in 2022, an increase of 14% from 2021 (33). Therefore, increasing elderly and surgical patient populations drive the surgical robot market (34).
Get A Free Sample Of The Global Surgical Robots Market ReportGlobal Surgical Robots Market Segments
The surgical robots market covered in this report is segmented –
1) By Component: Systems, Accessories, Services
2) By Surgery Type: Gynecology Surgery, Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Other Surgeries
3) By End-Users: Clinic, Hospital, Ambulatory Care Centers, Other End Users
By Geography: The countries covered in the surgical robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the surgical robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global surgical robots market report forecast period. The regions covered in the surgical robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Surgical Robots Industry Players
Stryker Corporation; Medrobotics Corporation; Smith & Nephew plc; TransEnterix Inc.; Renishaw plc; Intuitive Surgical Inc.; Medtronic plc; THINK Surgical Inc.; Zimmer Biomet Holdings Inc.; Johnson & Johnson; Titan Medical Inc.; Mazor Robotics Ltd.; KUKA Aktiengesellschaft; Avatera Medical GmbH; Corindus Vascular Robotics Inc.; MicroSure (Pty) Ltd; Asensus Surgical Inc.; Siemens Healthcare GmbH; CMR Surgical Ltd.; Auris Health Inc.; Verb Surgical Inc.; OMNIlife Science Inc.; Vicarious Surgical Inc.; Microbot Medical Inc.; Virtual Incision Corporation; Memic Innovative Surgery Ltd.; XACT Robotics Ltd.; EndoMaster Pte. Ltd.; MST Medical Surgery Technologies Ltd.; Medtech SA
Get The Full Global Surgical Robots Market Report
Surgical Robots Market Overview
A surgical robot is an automated device that assists surgeons during surgical procedures. The robot comprises multiple arms that are fitted with surgical instruments and a camera for providing a high-resolution, three-dimensional picture of the operative site. It is used by surgeons to lessen blood loss, shorten hospital stays, and speed up patient recovery.