Industry Overview
The Global Surgical Robots Market is expected to grow at a CAGR of 12.3% during the forecast period with its market size predicted to reach USD 15.3 billion by 2030. The global surgical robots market is primarily driven by technological advancements, advantages of surgical robots, increasing investment for research and development, mounting occurrence of neurological and orthopedic disorders, and increasing geriatric population. The Da Vinci Surgical System, Mako Surgical Arm, and Mazor X are the key brands mostly adopted globally.
The surgical robots market refers to the market for robotic systems and technology used in surgical procedures. These robots are designed to assist surgeons during operations, providing increased precision, control, and flexibility compared to traditional surgical methods. They are typically equipped with robotic arms and specialized instruments that can be controlled by surgeons from a console. The future of the surgical robot market looks promising, with ongoing technological advancements and increasing investments in research and development. The integration of artificial intelligence, machine learning, and computer vision technologies into surgical robots is expected to further enhance their capabilities and improve surgical outcomes.
Market Segmentation
Insight by Component
Based on components, the surgical robots market is categorized into robotic systems, instruments and accessories, and services. Of all, the instruments and accessories segment holds the largest share in the market, globally. The largest share of the category is attributed to repeat purchases and the increasing number of robot-assisted surgeries across the globe. The market for surgical robot services market is anticipated to witness the fastest growth during the forecast period due to the intensive maintenance work required for the robotic systems.
Insight by Application
Surgical robots find its applications in general surgery, gynecological surgery, orthopedic surgery, cardiology, and neurology, among others. Of all the applications, general surgery followed by gynecological surgery accounted for the largest demand for surgical robotic systems, accessories, and services. The surgical robots market for gynecological surgery is anticipated to observe the fastest growth during the forecast period as more and more surgeons are adopting surgical robots and services for gynecology as robots have proven their efficiency and precision with fewer ill effects.
Insight by End-User
Based on end-users, the surgical robots market is segmented into hospitals and ambulatory surgical centers. Of both categories, hospital account for the larger demand for surgical robot systems and services due to the advancements in technology, and the inclusion of gynecology, orthopedic surgery, and general surgery. Different companies are investing in the development of miniaturized surgical robots for penetration in ambulatory surgical centers.
Key Brand Insight
Some of the key surgical robotic systems available in the market include The Da Vinci Surgical System by Intuitive Surgical Inc.; Mako Surgical Arm by Stryker Corporation; Renaissance and Mazor X by Mazor Robotics Inc. (Acquired by Medtronic plc); Rosa Surgical Robot by Medtech SA (Zimmer Biomet); and CyberKnife by Accuray Incorporated. The Da Vinci Surgical System dominated the global surgical system market. In 2018, most of the surgical robot installed in the hospitals was Da Vinci Surgical System. The category account for more sales than all other categories combined, which is primarily due to the strong position of the company in the market. The brand has the early mover advantage and the constant effort from its maker to keep it up to date are the key factors leading to the high demand of the category.
Global Surgical Robots Market Report Coverage
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Report Metric
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Details
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Historical Period
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2018 - 2023
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Base Year Considered
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2024
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Forecast Period
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2025 - 2030
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Market Size in 2023
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U.S.D. xx.x Billion
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Revenue Forecast in 2030
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U.S.D. 15.3 Billion
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Growth Rate
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12.3%
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Segments Covered in the Report
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By Component, By Application and By End-User
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Report Scope
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Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
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Regions Covered in the Report
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North America, Europe, Asia-Pacific, Middle East, South America and Rest of the World
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Industry Dynamics
Growth Drivers
Technological advancements, advantages of surgical robots in clinical procedures, increasing investment for research and development, mounting occurrence of neurological and orthopedic disorders, and increasing geriatric population are some of the key factors fuelling the growth of the surgical robots market, globally. There are several benefits of robotic surgery, which is leading to an increase in adoption by hospitals and ambulatory surgical centers. Robotic surgery offers several benefits to the surgeon such as an enhanced visual field, superior dexterity, and reach to inaccessible or hard-to-reach places during the surgery.
Increasing demand for minimally invasive surgeries: Minimally invasive surgeries offer several advantages over traditional open surgeries, including smaller incisions, reduced blood loss, shorter hospital stays, and faster recovery times. Surgical robots enable surgeons to perform complex procedures with enhanced precision and dexterity through smaller incisions, making them ideal for minimally invasive surgeries. The growing preference for these procedures among patients and surgeons has fueled the demand for surgical robots.
Advancements in robotic technology: Significant advancements in robotics and related technologies have played a crucial role in the growth of the surgical robots market. These advancements include improvements in robotic arm design, instrument miniaturization, haptic feedback systems, image guidance, and real-time imaging. Such advancements have enhanced the capabilities of surgical robots, making them more efficient, accurate, and user-friendly. The continuous innovation and development of robotic technology have expanded the applications of surgical robots, driving market growth.
Improved surgical outcomes: Surgical robots have demonstrated the potential to improve surgical outcomes by providing surgeons with greater precision, control, and access to anatomical structures. The high-definition 3D visualization systems of surgical robots enable surgeons to view the surgical site in detail, enhancing their ability to perform complex procedures. The enhanced precision and stability offered by surgical robots reduce the risk of errors and complications during surgery, leading to improved patient outcomes. The desire to achieve better surgical results and patient satisfaction has contributed to the adoption of surgical robots.
Surgeon training and education: As surgical robots require specialized training and expertise to operate, training programs and educational initiatives have been developed to familiarize surgeons with robotic-assisted procedures. The emphasis on training and education has helped increase the number of surgeons skilled in using surgical robots, leading to broader adoption and market growth.
Apart from the aforementioned factors the increasing prevalence of neurological disorders and increasing geriatric population is leading to the growth in the surgical robot market across the globe. For instance, according to the World Health Organization (WHO), globally in 2010 approximately 524 million people were aged 65 years and older and is expected to reach 1.5 billion in 2050.
Challenges
The primary factor hindering the growth of the surgical robot market is its high cost. The high cost of these systems makes them unaffordable in smaller hospitals with limited budgets. Moreover, this is the primary reason hindering the market penetration in developing countries as these countries struggle to provide basic healthcare to all its citizens and hence it is generally not feasible to install surgical robots, especially in their public sector hospitals. The Renaissance Surgical System by Mazor Robotics itself costs around USD 850,000 per unit; thus only the healthcare providers backed by private investors or large public hospitals are able to afford these systems.
Geographic Overview
North America remains the largest market for surgical robots across the globe. This is primarily due to the early adoption, technological advancements, developed healthcare infrastructure, high healthcare expenditure, and presence of industry leaders in the region. The North American market will further observe significant growth during the forecast period as more and more hospitals especially the hospital chains working in different states of the U.S. are opting for automation in surgery using surgical robots.
Asia-Pacific lags behind North America and Europe in terms of the number of surgical robots installed in the region; however, by the end of the forecast period, the region will account for higher share of the global surgical robots market than Europe. The key factor leading to the significant growth in the Asia-Pacific, is the developing infrastructure, investment in the healthcare sector, emergence of a large number of private healthcare providers, and penetration by the number of the large global healthcare providers in the region.
Competitive Insight
Different companies are investing in their research and development for the technological advancements of their systems which offers them a competitive edge over the competitors. Mazor Robotics added Mazor X to its surgical robotics portfolio in 2016, apart from its existing Renaissance Surgical System. Mazor X witnessed key traction in the market in comparison to Renaissance as well as its competitor Da Vinci Surgical System. Also, the medical device industry giant is acquiring innovator companies to enter the surgical robots market.
Some of the key players operating in the surgical robots industry are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics Inc., (Acquired by Medtronic plc), Medtech SA (Acquired by Zimmer Biomet), Accuray Incorporated, Smith & Nephew plc, Renishaw plc, Auris Health, Inc. (Acquired by Johnson & Johnson), Medrobotics Corporation, Varian Medical Systems, Stereotaxis, Inc., Titan Medical Inc., Think Surgical Inc., and TransEnterix, Inc.
The Surgical Robots Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
- By Component
- Robotic Systems
- Instruments and Accessories
- Services
- By Application
- General Surgery
- Gynecological Surgery
- Orthopedic Surgery
- Cardiology
- Neurology
- Others
- By End-User
Surgical Robots Market by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- ROW
PRIMARY RESEARCH INTERVIEWS - BREAKDOWN
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