Surgical Robots Market

Surgical Robots Market size reached USD 5.9 billion in 2022 and is estimated to reach USD 14.5 billion in 2030 and the market is estimated to grow at a very high CAGR of 11.9% from 2023-2030.

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Major Surgical Robots Market Drivers

Growing requirement for automation across the health and care industry along with the rising investment in research and development activities are primary driver to propel the global surgical robots market. Minimally invasive surgeries are attaining global prevalence because of their benefits, including fewer cuts, smaller incisions, decreased pain, quicker recovery, significant cost savings, and reduced scarring. The benefits of MIS are further amplified by robotic technology, which ensures higher precision, efficiency, control, and repeatability. Additionally, these procedures offer advanced visualization capabilities, delivering surgeons with a superior view of the operating area through HD cameras that illustrate microscopic structures. Surgical robotic systems, with their 360-degree rotation, and superior movability, surpass human hand dexterity. This allows surgeons to access challenging areas more effectively. The surgical robot benefits and growing need for improved and faster healthcare services, are predicted to drive market growth in the forecast period.

A global shortage of surgeons and physicians and the growing adoption of automated surgical instruments are foremost drivers of market growth. In addition, growth in prevalence of bone degenerative diseases and a surge in hip and knee replacement surgeries, propelled by a growth in cases of osteoporosis, and arthritis, are expected to support market growth. For instance, the Agency for Healthcare Research and Quality revealed that every year the United States experience more than 4,50,000 hip replacement surgeries. Moreover, a report by the Australian Institute of Health and Welfare stated that there was an increase of approximately 38% in the total knee replacement rate of osteoarthritis from 2005-2006 and from 2017 to 2018. Insights from the International Congress for Joint Reconstruction in 2018 indicate projections for the total number of primary hip and knee replacement processes. By 2030, it is predicted that these processes will reach 635,000 and 1.28 million respectively. It is also predicted that during 2060, there will be a significant increase of 1.23 million and 2.60 million hip replacements and knee replacements respectively.

Furthermore, an article published by The Regent of the University of California in 2017 predicts a nearly 200% rise in total hip replacement and over a 600% rise in total knee replacement in the U.S. by 2030, compared to 2005. This increase in knee replacement is rising market growth. In addition to this, the escalation in surgical processes can be linked to the rise in global chronic diseases. Common practices such as orthopedic surgery, cataract surgery, cardiovascular surgery, and several other surgical treatments are increasing. Eurostat data stated that in 2020, over 3.66 million cataract surgeries were conducted in Europe. The global increase in orthopedic surgeries further supports to the overall growth and expansion of the surgical market.

Despite this, engineers and doctors who created robotic surgical systems for the Army have shifted to forming businesses providing robotic surgery for civilian medical use. Robotic technology is widely used in minimally invasive surgeries, characterized by small incisions, often resulting in lesser pain, shorter hospital stays, faster recoveries, and minimized blood loss. It allows surgeons to function on challenging body parts and gain a clearer view of concealed fields is propelling the preference for robotic surgery and contributing to the market’s growth. Moreover, the market is witnessing growth due to the growing number of cancer cases. The National Cancer Institute predicted a 22 million cancer incidences by 2030, with 60% of these cases predicted in Asia, Central & South America, and Africa regions. Advances in medical diagnostics have simplified cancer detection, encouraging patients to opt for surgical processes to remove tumors. Meanwhile, growth of the market is restrained by high installation costs and concerns about safety and integration challenges. However, in the coming period, the cost of surgical robot equipment is predicted to reduce with the significant innovations in the field. This is probably to lead to increased market penetration in the forecast period.

Nevertheless, AI-driven surgical robots play an important role in enabling surgeons to concentrate on intricate surgical tasks, decreasing variability, and developing skills. These AI-based systems recognize critical insights and state-of-the-art exercises by sifting through millions of data sets. The ability to absorb vast amounts of information in seconds empowers surgeons to speedily learn and apply the most effective approaches in medical processes. Learning from demonstration is employed to autonomously train robots for new tasks, breaking down complex processes into fundamental gestures, and subtasks. The integration of AI with robotic surgery platforms has the potential to redefine surgical care, allowing physicians to serve a wider patient population and driving the healthcare industry to unprecedented levels. Therefore, the growing demand for automation in the healthcare sector and the shift towards advanced robotic surgeries are the foremost drivers of market growth. In addition, untapped nations, including India, China, Brazil, and several others present lucrative opportunities for the surgical robot market.

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Instruments and accessories segment captured the largest market share

The surgical instrument and accessories segment held the largest CAGR due to the introduction of improved instruments and accessories, an increase in surgical processes, and the developing application of robotics surgical systems.

Laparoscopy robotic system segment accounted for the largest market share.

By robotic systems, the market is classified into neurosurgical robotic systems, orthopedic robotic systems, laparoscopy robotic systems, and several other systems. The laparoscopy robotic system segment registered the largest market share, driven by the growing prevalence of laparoscopic surgeries.

North America region registered the largest revenue share in the global market

North America registered market growth due to innovations in healthcare facilities and surgeries for different disorders. The demand for robotic-assisted surgeries is increasing due to favorable outcomes compared to open surgeries and shorter hospitalization and recovery periods, specifically for children. In addition, innovations in the miniaturization of instruments are predicted to introduce optimal functioning conditions in restricted spaces, further driving market growth. Moreover, regional market growth is driven by well-established healthcare infrastructure, high buying power, and a significant increase in the adoption rate of improved surgical robotics products. Key players around the region contribute to the market through different strategies such as collaborations, product launches, and acquisitions, further developing market insights.

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Asia Pacific region is estimated to be the fastest-growing region in the global market in the forecast period

Asia Pacific region is estimated to witness considerable growth during the forecast period due to economic development across different countries such as China, Australia, Indonesia, India, and Singapore. Also, growing government initiatives focused on motivating healthcare providers and organizations to adopt technologically improved medical devices and systems are estimated to drive regional market growth. Automated surgical systems in emerging nations, coupled with patients’ preferences for robot-assisted surgeries exhibits different opportunities. The region’s aim of developing modern healthcare facilities and expansion of medical tourism further contribute to the growth of the market in Asia Pacific.

Top Market Players

Various notable players operating in the global surgical robots market include Intuitive Surgical, Medrobotics Corporation, Medtronic, Renishaw plc, Smith and Nephew, Stryker Corporation, THINK Surgical, Inc., Transenterix (Asensus Surgical, Inc.), Zimmer Biomet among others.

Key Developments

• • In 2023, Stryker launched an effective direct-to-patient marketing campaign, nationwide to enable surgeons to accomplish enhanced outcomes for their patients.
  • In 2023, Apollo Hospitals successfully launched the Da Vinci Xi Robotic Surgical System to revolutionize surgical healthcare and result in new ground-breaking possibilities for both surgeons and patients.
  • In 2023, Virtuoso Surgical announced the introduction of an innovative robotic surgery system to deliver better satisfaction to its customers and expand its product portfolio in the global market.
  • In 2023, Smith + Nephew announced the launch of two innovative products including a digital and robotics surgery portfolio to let surgeons make their surgical procedures less challenging.
  • In 2020, Stryker announced the release of Mako Total Hip 4.0 with new planning features and CT-based 3D modelling. It allows surgeons to plan a patient’s implant position while considering changes in pelvic tilt in the patient’s standing, supine, and sitting poses.
  • In 2019, Medtronic unveiled its new robotic-assisted surgery system. The company claims that its new robotic-assisted surgery platform is cost-effective and more flexible than the other systems present in the market.
  • In 2018, Renishaw developed a surgical robot named, Neuromate Stereotactic Robot, which is used for neurosurgery. It was successfully used in the stereoelectroencephalography (SEEG) procedure. SEEG is used in the treatment of epilepsy.

Segments covered in the Report:

The Global Surgical Robots Market has been segmented on the basis of Product & Service, Application and End User. Based on the Product & Service, the market is segmented into Instruments & Accessories, Robotic Systems, Laparoscopy Robotic Systems, Orthopedic Robotic Systems, Neurosurgical Robotic Systems, Other Systems, Services. Based on the Application, the market is segmented into General Surgery, Gynecological Surgery, Orthopedic Surgery, Urological Surgery, Neurosurgery, Other Applications. Based on the End User, the market is segmented into Hospitals & Clinics, Ambulatory Surgery Centers.

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Report Coverage	Details
Market Revenues (2022)	USD 5.9 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Product & Service, By Application, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Intuitive Surgical, Medrobotics Corporation, Medtronic, Renishaw plc, Smith and Nephew, Stryker Corporation, THINK Surgical, Inc., Transenterix (Asensus Surgical, Inc.), Zimmer Biomet, among others; a total of 9 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Surgical Robots Market by Product & Service

• • Instruments & Accessories
  • Robotic Systems
  • Laparoscopy Robotic Systems
  • Orthopedic Robotic Systems
  • Neurosurgical Robotic Systems
  • Other Systems
  • Services

Global Surgical Robots Market by Application

• • General Surgery
  • Gynecological Surgery
  • Orthopedic Surgery
  • Urological Surgery
  • Neurosurgery
  • Other Applications

Global Surgical Robots Market by End User

• • Hospitals & Clinics
  • Ambulatory Surgery Centers

Global Surgical Robots Market by Region

• • North America Surgical Robots Market (Option 1: As a part of the free 25% customization)

    • By Product & Service
    • By Application
    • By End-User
    • US Market All-Up
    • Canada Market All-Up

  • Europe Surgical Robots Market (Option 2: As a part of the free 25% customization)

    • By Product & Service
    • By Application
    • By End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Surgical Robots Market (Option 3: As a part of the free 25% customization)

    • By Product & Service
    • By Application
    • By End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Surgical Robots Market (Option 4: As a part of the free 25% customization)

    • By Product & Service
    • By Application
    • By End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Surgical Robots Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Intuitive Surgical
  • Medrobotics Corporation
  • Medtronic
  • Renishaw plc
  • Smith and Nephew
  • Stryker Corporation
  • THINK Surgical, Inc.
  • Transenterix (Asensus Surgical, Inc.)
  • Zimmer Biomet