Global Surgical Robots Market Analysis
The Global Surgical Robots Market is on a robust growth trajectory, with a forecasted market size of US$ 11.85 billion by 2032, up from US$ 7.05 billion in 2023, representing a CAGR of 5.94% from 2024 to 2032. This growth is being fueled by technological advancements in robotic surgery, rising demand for minimally invasive surgeries, and the increasing adoption of robotic-assisted procedures in hospitals and healthcare settings worldwide. Surgical robots are revolutionizing the healthcare industry, enabling surgeons to perform more precise, complex, and less invasive procedures.
Request a free sample copy of the report: https://www.renub.com/surgical-robots-market-p.php
Global Surgical Robots Market Outlook
The evolution of surgery, from traditional open surgery to robot-assisted surgery, has been nothing short of transformative. Surgical robots, such as the da Vinci surgical system by Intuitive Surgical, have revolutionized medical procedures by allowing surgeons to perform highly intricate surgeries with enhanced precision, flexibility, and control. These robots are particularly useful in minimally invasive surgeries, where small incisions are made, reducing patient recovery time and minimizing the risk of complications.
One of the key factors driving the surgical robots market is the growing demand for minimally invasive surgery (MIS), which has been gaining popularity due to its benefits, such as shorter hospital stays, faster recovery times, and reduced scarring. Additionally, the increasing complexity of surgeries, coupled with an aging population and a higher prevalence of chronic diseases, is boosting the demand for robotic assistance in operating rooms.
Market Key Drivers
- Technological Advancements and Development of Procedure-Specific Surgical Systems
One of the most significant factors driving the growth of the surgical robots market is the ongoing technological innovation. Companies are increasingly developing specialized robotic systems tailored for specific procedures. For example, Intuitive Surgical Inc.’s Ion system, which gained FDA approval in 2019, is designed to assist with endoluminal procedures such as lung biopsies. These advancements in robotic systems are expected to significantly expand the use of surgical robots across different medical specialties, from orthopedics to urology and cardiothoracic surgery.
Furthermore, the growing demand for less invasive procedures is prompting more hospitals and surgical centers to adopt robotic surgery solutions. Robotic systems provide enhanced precision and dexterity, which are particularly crucial in delicate or complex procedures that require exact movements and access to difficult-to-reach areas of the body.
- Increase in Regulatory Approvals
The rise in regulatory approvals for surgical robots is another important growth driver. For instance, the Ion robotic surgical system from Intuitive Surgical received FDA 510(k) clearance in 2019, paving the way for broader adoption of robotic-assisted surgeries. As more robotic systems are approved by regulatory bodies, their integration into hospitals and clinics becomes more feasible, fostering market growth.
Surgical robots are increasingly being used in a variety of procedures, such as hysterectomies, colorectal surgeries, and prostatectomies, with consistent approvals from global health authorities like the FDA and European Medicines Agency (EMA). This trend is expected to continue as manufacturers invest in research and development to expand the capabilities of robotic surgical systems.
- Growing Demand for Automation in Healthcare
There is a growing push towards automation in healthcare, as hospitals and healthcare providers look to improve operational efficiency, reduce human error, and enhance patient outcomes. Surgical robots offer a level of precision and accuracy that is difficult to achieve with manual methods. The ability to perform complex procedures with enhanced control and vision (through high-definition 3D imaging and robotic arms) has made surgical robots an invaluable tool in modern medicine.
As the healthcare industry faces increasing demands from an aging population and a higher prevalence of chronic conditions (such as heart disease, diabetes, and cancer), the role of robotic surgery is likely to expand, offering a more effective, reliable, and efficient solution for tackling these challenges.
Regional Insights: Asia-Pacific Surgical Robots Market
The Asia-Pacific (APAC) region is expected to witness substantial growth in the surgical robots market between 2024 and 2032. Several factors are contributing to this growth:
- Aging population: Countries like China and India are experiencing significant demographic shifts, with an increasing number of elderly individuals who are more likely to undergo surgeries, especially those requiring precision.
- Development of new products: Companies are increasingly developing surgical robots tailored to the needs of specific Asian markets. The region is becoming a hub for innovative healthcare solutions, with rapid advancements in robotics and automation.
- Influence of foreign companies: Global players are expanding their presence in the region, taking advantage of cost-effective manufacturing and competitive pricing strategies. For example, Chinese surgical robot manufacturers have gained a competitive edge by offering affordable services, including maintenance, training, and accessory replacements, making these systems more accessible to healthcare providers across Asia.
- Market leadership of China: China is expected to dominate the Asia-Pacific market, thanks to its government initiatives, rapid advancements in healthcare R&D, and a growing medical device manufacturing sector. India, however, is expected to experience the fastest growth due to the country’s expanding healthcare infrastructure and rising demand for minimally invasive surgical procedures.
Surgical Robots Company Overview
Several prominent players dominate the surgical robots market, including both established medical technology companies and new entrants. Some of the leading players in this space include:
- Intuitive Surgical Inc.: Known for its da Vinci surgical system, Intuitive Surgical is one of the pioneers in robotic surgery and continues to lead the market with its range of robotic-assisted surgical tools.
- Stryker Corporation: Stryker is a major player in the medical device industry and has expanded its presence in robotic surgery with systems like the Mako robotic-arm assisted surgery system, primarily used for orthopedic procedures.
- Johnson & Johnson: Through its subsidiary Ethicon, J&J is focusing on expanding its robotic surgery portfolio with systems designed for general surgery and urology.
- Medtronic PLC: Known for its robotic surgery platform Hugo™, Medtronic continues to invest heavily in robotic technology to strengthen its position in the market.
- Accuray Incorporated: Specializes in robotic solutions for radiation therapy, offering CyberKnife systems used for treating tumors and other medical conditions.
Recent Industry News
- August 2022: THINK Surgical, Inc., a leader in orthopedic robotic systems, announced a collaboration with Curexo, Inc., a South Korean medical robotics firm, to expand the development and distribution of robotic-assisted orthopedic surgery systems.
- June 2022: Intuitive Surgical Inc. received FDA approval for the integration of mobile cone-beam CT (CBCT) imaging with its Ion Endoluminal System, which enables robotic-assisted bronchoscopy for lung biopsies.
- January 2022: CMR Surgical announced the successful completion of high-volume urological surgeries using its Versius robotic system at the Sindh Institute of Urology and Transplantation (SIUT) in Pakistan, marking a milestone in the global adoption of robotic-assisted surgery.
Related Report :
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 15 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +91-120-421-9822 (IND) | +1-478-202-3244 (USA)
Email: mailto:[email protected]
