The global surgical robots market was valued at USD 5.6 billion in 2021 and it is anticipated to grow up to USD 15.2 billion by 2031, at a CAGR of 10.1% during the forecast period.
Global Surgical Robot report from Global Insight Services is the single authoritative source of intelligence on Surgical Robot market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Surgical robots are essential to hospitals and ambulatory surgical centers as it helps doctors or healthcare professionals to perform complex procedures with more precision as compared with conventional or traditional techniques.
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Key Players
- Stryker Corporation (US)
- Medtronic (Ireland)
- Smith & Nephew (UK)
- Zimmer Biomet (US)
- Asensus Surgical (Transenterix) (US)
- Corindus Vascular Robotics (US)
- Renishaw (UK)
- Auris Health (US)
- Microsure (Netherlands)
Global Surgical Robots Market Segmentation
Component
- Robot Systems
- Instruments and Accessories
Application
- Orthopedic Surgery
- Neurosurgery
- General Surgery
- Gynecology Surgery
- Urologic Surgery
- Others
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Market Trends and Drivers
Advantages of robotic-assisted surgery will fuels the market growth. Globally, the demand for minimally invasive surgeries (MIS) is on the rise mainly due to the advantages associated with these procedures, such as smaller incisions, fewer cuts, decreased scarring, reduced pain, increased safety, faster recovery periods, and considerable cost savings. Robotic minimally invasive surgery adds to these advantages by ensuring greater accuracy, repeatability, control, and efficiency Furthermore, by 2030, non-communicable diseases (NCDs) are projected to account for more than one-half of the disease burden in low-income countries and more than three-fourths in middle-income countries. In the geriatric population, NCDs account for more than 87% of the burden in low, middle, and high-income countries. The high prevalence of chronic diseases, especially among the geriatric population, will considerably boost the number of surgical treatment procedures conducted and thus drive the demand and use of surgical sutures.
Based on component, it is segmented into the robot system and instruments and accessories. The instruments & accessories segment is expected to register significant CAGR through 2022 to 2030. This is attributed to the adoption of new instruments and accessories with advanced technology. For instance, Intuitive Surgical has introduced da Vinci surgical system with interactive robotic arms and Endowrist instruments utilized during surgery.
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