Market Overview
The Global Surgical Robots Market size is expected to grow from
USD 5.5 billion in 2023 to
USD 27.7 billion by 2032, at a
CAGR of 19.6% during the forthcoming period of 2023-2032.
This market refers to the collective marketplace of medical robotics systems and technologies that are designed to perform various surgical procedures. These robotics systems are designed with the intent to assist surgeons & healthcare professionals in performing surgical operations with precision, and dexterity and with minimal risks. This market includes a wide range of robotics devices and platforms are used in various medical sectors, such as general surgery, neurosurgery, orthopedic, urology and genecology.
Additionally, this market uses the actual robotics systems in surgery, which can be either fully autonomous or operated by surgeons. A prominent example of such systems are da Vinci surgical systems and the Mako Robotics-Arm Assisted Surgery Systems. The robotic components are equipped with software that provides precise control over the robotic surgical systems, enabling precise movements for the surgeons during critical operations.
Market Dynamic
The global surgical robots market is growing rapidly as the demand for minimally invasive procedures that provides higher success rates and reduce the recovery period of patients after critical surgical operations is increasing. Surgical robots are popular in the healthcare system as they offer dexterity, better imaging and precision in operations incorporated with artificial intelligence are some of the new trends that are pushing the growth of this market. The rise in the ageing population as well as the growth in chronic diseases around the world require new surgical inventions to cater such
medical conditions. Surgical robots assist healthcare professionals in complex operation procedures, attracting a border patient base and pushing the growth of this market. To use surgical robots during surgeries healthcare professionals, need to undergo specialized training specially designed based on the component they are using during operations.
Moreover, the cost of acquiring and maintaining surgical robots can be a huge economic burden to healthcare facilities as they are quite expensive. Therefore, before adopting this facility the institutions must evaluate the return on investment and analyse their budget constraints. The rising awareness about surgical robots among patients and their shift to surgical robots for their treatment can influence the adoption of surgical robots in the hospital and healthcare industry.
Research Scope and Analysis
By Component
In component segment, surgical instruments and accessories dominates the global surgical market as they hold 64.7% of the market share in 2023 and is expected to show subsequent growth in the upcoming period as well. These surgical instruments and accessories dominate this market as they play an essential role in ensuring the effectiveness and success of robot-assisted surgical procedures. These instruments and accessories are primary tools that surgeons rely on during robotic surgery procedures. During surgery, these tools are used for cutting, suturing and tissue manipulation.
Their precision and reliability are crucial for achieving optimal surgical outcomes. Surgical robots are used across a wide spectrum of medical fields from urology, orthopedic to gynecology. Each of these fields requires a unique set of instruments and accessories specifically designed for particular procedures. The adaptable nature and customization of surgical accessories and instruments according to the procedures requirements play a vital role in the growth of this market as these features expand the area of applicability of this market. So, in other words, while robotic instruments play a vital role in surgical procedures, they also enable the surgeons to perform precise and intricate procedures across various medical specialties.
By Application
Neurosurgery dominates the global surgical robots market based on application as it
holds 34.55% of the market shares in 2023 and is projected to show subsequent growth in the forthcoming period of 2023 to 2032. Neurosurgery involves delicate surgical procedures in the brain and nervous system, where precise and accurate handling during operations is paramount. Surgical robots offer neurosurgeons the ability to navigate and manipulate the operating field with submillimeter precision and reducing the risk of damage to critical neural structures. The use of surgical robots in this sector offers minimal invasive technique which results in small surgery incisions, reduced trauma to the patients and a fast recovery rate.
Additionally, the sensitive nature of neurosurgery makes patient safety a top priority. Neurosurgery majorly requires precise visualization of the brain and its intricate structure. Surgical robots equipped with advanced imaging technologies enhance the surgeon's ability to see and operate on a critical area clearly and accurately. The rising number of patients suffering from various neurological conditions and disorders, such as brain tumors, epilepsy and Parkinson's disease has pushed the growth of this market.
The Surgical Robots Market Report is segmented on the basis of the following
By Component
- Surgical Instruments & Accessories
- Robotic Systems
- Services
By Application
- Neurosurgery
- Gynecological Surgery
- Cardiovascular
- Orthopedic surgery
- Laparoscopy
- Others
Regional Analysis
North America, dominates the global surgical robots market as it
holds 51.7% of the market share in 2023 and is anticipated to show significant growth in the upcoming years as well. This region is the home of some of the world's leading robotic surgery system manufacturers, research institutes and medical facilities. The continuous technological advancements and research in this region have pushed the adoption and development of surgical robots. The North American healthcare system is highly advanced and well-funded which allows the development of cutting-edge medical treatments, including surgical robots.
North America was highly involved in the initial growing period of this market. It was the first to adopt a surgical robot, the da Vinci Surgical System in the early 2000s. This initiative gave North America a competitive advantage and established it as a leader in the global surgical robot market. Many major surgical robot manufacturers like Intuitive Surgical and Medtronic hail from this region and have their headquarters in this region making the presence of North America in this market stronger.
Furthermore, North America's dominance in the global surgical robots market is the result of various factors like its highly developed
healthcare infrastructure, technological leadership and favorable regulatory environment. These factors collectively push forward the growth of this region in the global surgical robots market.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The competitive landscape of the global surgical robots, market is characterized by a mix of well-established companies and emerging startups. This market has a few major players like Intuitive Surgical, Medtronic's acquisition and Stryler's Mako System developed various surgical robotics components that solidified their market position. Emerging companies like CMR Surgicals and Medrobotics also offer promising alternatives to these companies as they focus on developing surgical robots with flexible and minimally invasive approaches to perform surgical procedures.
Furthermore, these companies utilize inorganic & organic strategies for their market expansion. The organic strategies deals with partnerships, mergers & acquisitions while the inorganic strategies include the development of new product catalogues and innovation. Furthermore, these mergers & partnerships further boost their market position and pave the way for the expansion of the global surgical robots market. The major companies in this market mainly compete with each other based on product quality, precision in operation and durability. This market has many key players who hold a significant portion of the market such as Stryker Corporation, Intuitive Surgical Inc., Verb Surgical Inc., Medrobotics, Smith & Nephew, Transenterix Surgical Inc., Renishaw Plc., Medtronic, THINK Surgical Inc., Zimmer Biomet and others.
Some of the prominent players in the Global Surgical Robots Market are:
- Stryker Corporation
- Intutive Surgical Inc.
- Verb Surgical Inc.
- Medrobotics
- Smith & Nephew
- Transenterix Surgical Inc.
- Renishaw Plc
- Medtronic
- THINK Suurgical Inc.
- Zimmer Biomet
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Surgical Robots Market
The COVID-19 pandemic had a significant impact on the global surgical robots market. During the initial phase of the pandemic, the market experienced a substantial disruption in robotic surgeries as healthcare resources were diverted to address the urgent needs of COVID-19 patients. Many scheduled surgeries were postponed or cancelled, resulting in a temporary decline in the utilization of surgical robots for medical procedures.
Additionally, the pandemic shifted the focus on the vital role of technology in healthcare delivery and monitoring, emphasizing the importance of the need for new solutions. While surgical schedules were affected, the value of surgical robots became evident as they facilitated complex surgeries with a reduced risk of infection. This pushed many healthcare facilities to prioritize and invest in robot-assisted surgery. While the surgery timeline was affected by the pandemic, surgical procedures proved their value by performing complex surgeries with reduced risk of infection, which pushed many healthcare facilities to prioritize robot-assisted surgery. However, the pandemic also accelerated research and the application of surgical robots as it highlighted the benefit of contactless surgery, leading to a resilient recovery of the global surgical robot industry.
Report Details
| Report Characteristics |
| Market Size (2023) |
USD 5.5 Bn |
| Forecast Value (2032) |
USD 27.7 Bn |
| CAGR (2023-2032) |
19.6% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Components (Surgical Instruments & Accessories,
Robotic Systems and Services), By Application
(Neurosurgery, Gynecological Surgery,
Cardiovascular, Orthopedic Surgery, Laparoscopy and
Others. |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Stryker Corporation, Intuitive Surgical Inc., Verb
Surgical Inc., Medrobotics, Smith & Nephew,
Transenterix Surgical Inc., Renishaw Plc., Medtronic,
THINK Surgical Inc., Zimmer Biomet, and Other Key
Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Surgical Robots Market size is expected to grow from USD 5.5 billion in 2023 to USD 27.7
billion by 2032.
North America, dominates the global surgical robots market as it holds 51.7% of the market share in
2023 and is anticipated to show significant growth in the upcoming years as well.
Some of the major key players who hold a significant portion of this market are Stryker Corporation,
Intutive Surgical Inc., Verb Surgical Inc., Medrobotics, Smith & Nephew, Transenterix Surgical Inc.,
Renishaw Plc., Medtronic, THINK Surgical Inc.m Zimmer Biomet and others.
The market is growing at a CAGR of 19.6 percent over the forecasted period.