The global surgical robots market was valued at USD 5,299.6 million in 2018. Huge demand for minimally invasive surgical procedures, increase in adoption of robot-assisted surgeries coupled with rapid technological advancements in surgical robots are the key factors driving the global surgical robots market.
The healthcare industry has witnessed paradigm shift from open surgeries to minimally invasive surgeries (MIS). Minimal invasive surgeries are witnessing high demand across all disease areas due to the advantages offered such as smaller incisions, minimum blood loss, shorter hospitalization period, quick recovery, minimal post-operative side-effects and reduced costs. Surgical robots are widely used in minimally invasive surgeries that enable surgeons to perform procedures with higher precision, flexibility, and control.
The size of the global market for Surgical Robots is expected to reach US$ 15,700.5 Mn by 2030, expanding at a compound annual growth rate (CAGR) of 13.4%.
.jpg "The Global Surgical Robots Market 2020-2030 (USD Million)")
The da Vinci surgical system was one of the first robotic-assisted, minimally invasive surgical systems cleared by the U.S. FDA. Currently, a wide range of da Vinci systems and technologies are used by surgeons across the globe.
Moreover, rapid rise in chronic disorders including cancer, cardiovascular diseases, spine disorders across the globe are expected to drive the demand for robot-assisted surgeries in the future. However, high cost of installation and maintenance service of surgical robotic systems is expected to hinder the growth of the market over the forecast period.
The global surgical robots market is categorized based on products & services, application and end-users. Based on products & services, instruments & accessories segment held the largest share of the market in 2018. Application-wise, general surgery segment grabbed majority of the share of the global surgical robots market. Geographically, North America dominated the global surgical robots market in 2018, however, Asia Pacific is expected to be the fastest growing region by 2025.
Key players operating in the global surgical robots market include Intuitive Surgical, Stryker Corporation, Medtronic plc, Smith & Nephew, Hansen Medical, Renishaw plc, Medrobotics Corporation, TransEnterix Surgical Inc. CMR Surgical, and THINK Surgical among others.
Surgical Robots Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | US$ 15,700.5 Mn |
| Growth Rate | CAGR of 13.4% during 2020-2030 |
| Segment Covered | by Product Type, by Surgery, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Intuitive Surgical, Think Surgical, Asensus Surgical US, Inc., Zimmer Biomet, Stryker, Smith & Nephew, Novus Health Products, and Medtronic |
Key Segment Of The Surgical Robots Market
By Product Type (USD Million)
o Instruments & Accessories,
o Robotic Systems
• Da Vinci Surgical System
• Rosa
• Mako Rio
• Robodoc
• Others
By Surgery (USD Million)
• Gynecology Surgery
• General Surgery
• Urology Surgery
• Cardiovascular Surgery
• Neurosurgery Surgery
• Orthopedic Surgery
• Other Surgeries
Regional Overview (USD Million)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
thesurgical robots market is growing at a CAGR of 13.4% during the forecast period.
The Global surgical robots Market is Segmented on the basis of by Product Type, by Surgery, Regions
north america dominated the market for surgical robots market and accounted for the largest revenue share
Surgical robots are one of the fastest growing fields in medical device industry. Surgical robots are gaining popularity owing to numerous benefits offered to surgeons such as greater surgical precision, control and safe operative procedures. One of the key areas in the field is the development of surgical robots for minimally invasive surgeries and microsurgery. Rapid rise in chronic ailments will lead to increased demand for minimally invasive surgical procedures. This, in turn, is expected to drive the demand for surgical robots in the future. Reduced costs, improved safety and efficacy offered by robotic platforms will pave the way for the growth of the surgical robots market in the coming few years. Moreover, major industry players are also investing in R&D to develop technologically advanced disease specific robotic systems. Launch of innovative surgical interventions such as autonomous surgical robots that helps to enhance outcomes of complex surgeries is expected to accelerate the growth of the market in the future. For instance, Stryker launched the robotic-arm assisted total knee arthroplasty application for use with its Mako robot system in March 2017.
The global surgical robots market has been segmented based on products & services, application and end-users. Based on products & services, the market is categorized into systems, instruments and accessories, and services. Instruments and accessories segment held substantial share of the global market in 2018. Application-wise, the global surgical robots market is segmented into neurosurgery, general surgery, gynecological surgery, urological surgery, orthopedic surgery and others. General surgery held the largest share of the global surgical robots market in 2018 owing to rapid rise in surgical volume in the developed regions. For instance, the number of robot-assisted general surgeries performed in the U.S. increased from 325,000 in 2018 to 421,000 in 2019.
On the basis of end-users, the global surgical robots market is categorized into hospitals, ambulatory surgical centers (ASCs) and others. Hospitals held the majority of the market share in 2018 due to high rate of surgical procedures performed in hospitals which escalates the demand for surgical robots.
The global surgical robots market is cumulative to North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominated the global surgical robots market in 2018, however Asia Pacific is expected to grow at a highest pace through 2025.
.png "Global Surgical Robots Market Share by Region (2019)")
High install base of robotic systems along with surging volume of minimally invasive surgeries performed in the U.S. are major factors expected to drive the surgical robots market in the region. Furthermore, launch of novel, technologically advanced surgical robots by key industry players and presence of well-established healthcare infrastructure are other major factors likely to boost the growth of the market in North America.
However, Asia Pacific is expected to grow at a rapid pace over the next few years. Increasing adoption of surgical robots in healthcare facilities in China and Japan along with rapidly rising surgical procedures are major factors anticipated to drive the growth of the market in the region.