The Global Surgical Robots Market Size was valued at USD 7.3 Billion in 2023 and is anticipated to reach USD 37.2 Billion by 2032 with a CAGR of 20.2% from 2024 to 2032.

Surgical robots are computer-controlled devices used by surgeons to perform minimally invasive or small incision surgical procedures. Robotic surgery allows surgeons to conduct difficult surgical procedures with better precision, control, and flexibility than is feasible with traditional approaches. When compared to traditional incision-based surgery, robotic surgery produces smaller incisions, resulting in less discomfort and scarring. Surgical robots are self-powered, computer-controlled devices that can be programmed to assist in the placement and manipulation of surgical instruments. Surgical robots range from hand-held tools, some of which integrate various drive systems and are tailored for a single surgical method, to stationary multi-axis robotic systems that may be utilized for a wide range of medical procedures. The latter include robotic arms equipped with precision tools, high-quality video systems used directly within the patient, and a computer-based robot control system. Advances in artificial intelligence and augmented reality will continue to drive the acceptance of surgical robots.

Surgical Robots Market Dynamics

The surgical robots market is currently developing. Some of the significant prospects in the global surgical robotics market include rising demand for less invasive operations, robotic-assisted surgeries, and more synergetic activities within the surgical robots sector. The application of robotic technology in surgery has transformed the way complex surgeries are performed. According to a study published in the Journal of Minimally Invasive Surgery, robot-assisted procedures have experienced a substantial increase in popularity, with a projected 700,000 procedures performed in the US in 2022. This number is projected to reach 1.2 million by 2030. The accuracy and precision provided by surgical robots allow surgeons to achieve the best possible patient outcomes, particularly in procedures that require delicate manipulation of intricate anatomical components. For example, robotic-assisted laparoscopic cholecystectomies have been proven to have much lower rates of complications and shorter recovery times than traditional open surgery. As the demand for minimally invasive techniques continues to grow, the position of robots in the operating room is likely to become ever more prominent.

The growing senior population and a push for value-based healthcare, which focuses on improving surgical outcomes for patients, are driving up demand for robotic surgery. This is encouraging the development of less invasive procedures as well as the advancement of overall robotic surgical system technology. Some impediments to market growth include the high cost of the devices and their upkeep, as well as a lack of surgeon training with this technology, particularly in developing regions.

Global Surgical Robots Market Segment Analysis

Surgical Robots Market By Product

·         Surgical System

·         Instruments & Accessories

·         Services & Maintenance

According to the surgical robots industry analysis, surgical instruments & accessories have historically led the market due to the launch of advanced instruments. Surgical instruments and accessories includes several tools and devices that are essential for performing robotic-assisted surgeries, making it a persistent source of revenue as these items need regular replacement and updating. The rising adoption of surgical robots in healthcare facilities has led to an increased demand for these instruments and accessories, as they are critical for the precise and efficient functioning of robotic systems. The services and maintenance sub-segment is expected to achieve rapid growth in the market during the forecast timeframe.

Surgical Robots Market By Application

·         Gynecology Surgery

·         Urology Surgery

·         Neurosurgery

·         Orthopedic Surgery

·         General Surgery

·         Others

In 2023, the general surgery segment dominated the surgical robots market with more than 40%. The growing occurrence of chronic disorders such as hernias, gastrointestinal disorders, and appendicitis is contributing for larger share of general surgeries. For example, as per the National Association of Chronic Disease Directors, in 2022, nearly 60% of adults in the U.S. have at least one chronic disease, indicating a considerable burden of chronic disorders in the state.

Surgical Robots Market By End User

·         Hospitals

·         Ambulatory Surgical Center

·         Others

As per the surgical robots market forecast, the hospitals category has emerged as the dominating force in the surgical robots market, owing to their capacity to handle a large number of sophisticated procedures requiring advanced robotic systems. Hospitals, with their vast infrastructure, larger budgets, and greater access to funding and grants, are better positioned to invest in costly surgical robot systems and provide staff training. Hospitals, as centers for sophisticated medical research and specialized treatment, provide an excellent setting for the adoption and implementation of cutting-edge surgical technology. Furthermore, the rising trend toward minimally invasive operations, which surgical robots enable, has strengthened hospitals as the market's dominant sector, as they are well-positioned to profit on this change..

Surgical Robots Market Regional Analysis

North America surgical robots market is the leader region in 2023 and is expected to continue its leadership in the coming years. Rapid advancement in the robotic industry combined with the inclination towards adopting technically advanced instruments towards medical procedure is contributing to the leading share of the North America market. In addition, improvements in the miniaturization of instruments may allow optimal working conditions in limited space, which is expected to fuel market growth.

Asia-Pacific region is the fastest growing market in the surgical robots industry throughout 2024 to 2032. Major Asian countries such as China, India, and Japan are supporting towards the swift growth of the APAC surgical robots market. According to the Industrial Information Network, the total number of investments and amount of investment in the Chinese medical robot sector from 2014 to 2021 were 44 and 75.4 billion yuan (approximately 1.4 trillion won), respectively. On the other hand, India is fast advancing in the robotics business, with a growing interest in medical robots. As of 2019, India had 66 facilities and 71 robotic installations, more than 500 trained robotic surgeons, and over 12,800 procedures conducted with robotic aid. With the increased need for surgeons in India, and as more robotic surgeons are educated and surgical specialties increasingly use this technology, these numbers will only rise.

Surgical Robots Market Leading Companies

The surgical robots market players profiled in the report is Medrobotics Corporation, Smith and Nephew, THINK Surgical, Inc., Zimmer Biomet, Stryker Corporation, Transenterix (Asensus Surgical, Inc.), Renishaw plc, Medtronic, and Intuitive Surgical.

Surgical Robots Market Regions