The Global Surgical Robots Market is Anticipated to reach USD 29.15 Billion by 2030 from an estimated USD 10.01 Billion in 2023, at a CAGR of 16.5% in the forecast period.

Overview of the Global Surgical Robots Market

The surgical robot’s market is a rapidly growing sector within the medical industry. These robots are designed to assist surgeons in performing complex procedures with greater precision and control, leading to better outcomes for patients.

One of the key advantages of surgical robots is their ability to reduce the risk of human error during surgery. By using advanced sensors and imaging technology, these robots can provide surgeons with real-time feedback on the patient's condition and help them make more informed decisions during the procedure. Another benefit of surgical robots is that they can reduce the recovery time for patients. Because these robots can perform procedures with greater accuracy and precision, there is less trauma to the surrounding tissues and organs, which can lead to a quicker recovery time and less pain for the patient.

The global market for surgical robots is expected to continue growing in the coming years, driven by factors such as increasing demand for minimally invasive procedures, advances in robotic technology, and the growing prevalence of chronic diseases such as cancer and cardiovascular disease.

Surgical Robots Market Covid Impact

The Covid-19 pandemic has had a significant impact on the surgical robots market. While the market was growing steadily prior to the pandemic, the global spread of the virus has disrupted supply chains, delayed elective procedures, and led to reduced demand for non-essential medical devices, including surgical robots.

In the early stages of the pandemic, hospitals and healthcare systems were forced to divert resources away from elective surgeries and other non-essential procedures in order to prioritize the treatment of Covid-19 patients. This led to a significant decline in demand for surgical robots, as many procedures that would have normally required the use of these devices were postponed or canceled.

However, as the pandemic has progressed, the market for surgical robots has started to recover. Many hospitals and healthcare systems have adapted to the new reality of Covid-19 by implementing strict safety protocols and finding ways to safely perform elective surgeries and other procedures. In some cases, surgical robots have even played a role in helping to reduce the risk of exposure to the virus by allowing surgeons to perform procedures remotely.

Major players in the Global Surgical Robots Market include

• Smith & Nephew Plc. (Blue Belt Technologies Inc.)
• Auris Surgical Robotics Inc. (Hansen Medical Inc.)
• Intuitive Surgical Inc
• KUKA AG
• Stryker Corporation (MAKO Surgical Corp.),
• Mazor Robotics
• Renishaw plc
• Medtronic plc
• THINK Surgical Inc.
• Zimmer Biomet Holdings Inc.

Global Surgical Robots Market Segmentation

By Component

• Systems,
• Accessories
• Services

By Surgery Type

• Gynecology Surgery
• Urology Surgery
• Neurosurgery
• Orthopedic Surgery
• General Surgery
• Other Surgeries

Surgical Robots Market Key Trends

Minimally invasive surgeries: One of the major trends in the surgical robots market is the increasing demand for minimally invasive surgeries. Surgical robots can help to perform these procedures with greater precision and control, reducing the risk of complications and minimizing the amount of trauma to surrounding tissues and organs. This trend is likely to continue driving growth in the market as more patients seek out minimally invasive options for a wide range of medical procedures.

Advancements in robotic technology: Another key trend in the surgical robots market is the ongoing development of new and improved robotic technologies. Innovations in areas such as artificial intelligence, imaging technology, and haptic feedback are enabling surgical robots to perform more complex procedures with greater accuracy and control. These advancements are likely to continue driving growth in the market as healthcare providers seek out the latest and most advanced technologies to improve patient outcomes.

Rising prevalence of chronic diseases: The increasing prevalence of chronic diseases such as cancer and cardiovascular disease is also driving demand for surgical robots. These devices can be used to perform a wide range of procedures, from cancer surgeries to heart surgeries, with greater precision and control. As the global population continues to age and chronic diseases become more common, the demand for surgical robots is likely to continue growing.

Collaboration with other medical technologies: Surgical robots are also being integrated with other medical technologies, such as augmented reality, to enhance their capabilities and improve patient outcomes. For example, surgeons can use augmented reality technology to visualize the patient's anatomy in real-time during a surgery, allowing them to perform the procedure with greater precision and accuracy. This trend is likely to continue driving growth in the surgical robots market as healthcare providers seek out new and innovative ways to improve patient outcomes.

Surgical Robots Market Key Drivers

Increasing demand for minimally invasive surgeries: The trend towards minimally invasive surgeries is driving demand for surgical robots. These devices allow surgeons to perform procedures with greater precision and control, resulting in less pain and a quicker recovery time for patients.

Advancements in robotic technology: The ongoing development of new and improved robotic technologies is also driving growth in the surgical robots market. Innovations such as artificial intelligence, haptic feedback, and improved imaging technology are making surgical robots more capable and versatile than ever before.

Growing prevalence of chronic diseases: The increasing prevalence of chronic diseases such as cancer and cardiovascular disease is also driving demand for surgical robots. These devices can be used to perform a wide range of procedures, from cancer surgeries to heart surgeries, with greater precision and control.

Rising healthcare expenditure: As healthcare expenditure continues to rise globally, there is increasing pressure to improve patient outcomes and reduce costs. Surgical robots can help to achieve both of these goals by reducing the risk of complications and enabling quicker recovery times, which can ultimately lead to lower healthcare costs.

Shortage of skilled surgeons: There is a shortage of skilled surgeons in many parts of the world, particularly in rural areas. Surgical robots can help to address this issue by allowing less experienced surgeons to perform complex procedures with greater precision and control.

Increasing demand for remote surgeries: The Covid-19 pandemic has highlighted the potential benefits of remote surgeries, which can help to reduce the risk of infection and minimize the need for in-person consultations. Surgical robots are well-suited to remote surgeries, as they can be controlled by a surgeon from a different location.

Surgical Robots Market Major Developments

• Medtronic acquires Medicrea: In November 2020, Medtronic announced that it had completed its acquisition of Medicrea, a company that specializes in personalized surgical planning and implant design using artificial intelligence and predictive modeling. The acquisition is expected to strengthen Medtronic's position in the spinal surgery market.
• Intuitive Surgical launches new robotic platform: In April 2020, Intuitive Surgical, the market leader in surgical robots, announced the launch of its new robotic platform, the da Vinci Xi. The new platform offers improved imaging capabilities and greater flexibility, allowing surgeons to perform a wider range of procedures with greater precision and control.
• Robocath raises funding for cardiovascular robot: In January 2021, Robocath, a French medical robotics company, announced that it had raised €40 million in funding for its R-One robotic system, which is used for the treatment of cardiovascular disease. The funding will be used to support the commercialization of the device in Europe and Asia.
• Zimmer Biomet partners with Canary Medical: In March 2020, Zimmer Biomet announced a partnership with Canary Medical, a medical technology company that specializes in implantable sensors. The partnership is focused on developing smart implants for joint replacement surgeries, which could help to improve patient outcomes by providing real-time data on implant performance.
• CMR Surgical receives FDA clearance for Versius Surgical System: In December 2020, CMR Surgical announced that it had received FDA clearance for its Versius Surgical System, a modular and portable surgical robot that can be used for a wide range of procedures. The clearance is a significant milestone for the UK-based company, which is looking to expand its presence in the US market.

Surgical Robots Market Regional Insights

• North America is currently the largest market for surgical robots, driven by a strong healthcare infrastructure and high demand for minimally invasive surgeries. The US is the largest market in the region, accounting for the majority of surgical robot installations.
• Europe is also a significant market for surgical robots, with countries such as Germany, France, and the UK leading the way. The market is driven by a strong focus on healthcare innovation, as well as increasing demand for minimally invasive surgeries.
• The Asia-Pacific region is one of the fastest-growing markets for surgical robots, driven by factors such as rising healthcare expenditure, increasing prevalence of chronic diseases, and growing demand for minimally invasive surgeries. Countries such as China, Japan, and India are key markets in the region.
• The surgical robots market in Latin America is still in its early stages, but is expected to grow rapidly in the coming years. Factors driving market growth include increasing demand for minimally invasive surgeries, rising healthcare expenditure, and improving healthcare infrastructure.
• The surgical robots market in the Middle East & Africa is also still in its early stages, but is expected to see strong growth in the coming years. Key factors driving market growth include increasing healthcare spending, rising prevalence of chronic diseases, and improving healthcare infrastructure.

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA