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Surgical Robots Market - By Component (Robot Systems, Instruments & Accessories), By Application (Orthopedic Surgery, Neurosurgery, General Surgery, Gynecology Surgery, Urologic Surgery), By End-user (Hospitals, Ambulatory Surgical Centers) & Forecast, 2023 – 2032

  • Report ID: GMI3122
  • Published Date: Apr 2023
  • Report Format: PDF

Surgical Robots Market Size

Surgical Robots Market size was worth USD 6.3 billion in 2022 and is anticipated to exhibit 15.9% CAGR from 2023-2032. Surging prevalence of chronic diseases will push industry growth.
 

Surgical Robots Market

The rising number of surgical procedures driven by the increasing burden of several chronic diseases worldwide will anchor the demand for surgical robots. As per the CDC (Centers for Disease Control and Prevention), almost 6 in 10 adults suffer from a chronic disease in the U.S. Surgical procedures, including cardiac surgery, cataract, surgical intervention as well as orthopedic surgeries for cancer increasingly deploy robots for improved outcomes. Hence, the rising frequency of these procedures and the subsequent dominance of surgical robots will influence the industry trends.

Surgical Robots Market Trends

The escalating costs of surgical robots and their subsequently shrinking rate of adoption, mainly in the developing countries will negatively influence the product uptake to some extent. The rising charges of the components along with the higher R&D investments are other factors adding to the massively inflated costing of surgical robots. The average cost of a surgical robot is nearly USD 1.5 million, excluding the additional annual maintenance.
 

Surgical Robots Market Analysis

Global Surgical Robots Market, By, Component

With respect to component, the surgical robots market from the instruments and accessories segment crossed USD 4.2 billion in 2022. Instruments and accessories are increasingly utilized in robotic procedures as these tools assist surgeons in opening the soft tissues, removing the bones, dissecting and isolating the lesion as well as obliterate the abnormal structures. The high replacement rate along with lower costs of these components will also accelerate the product demand.
 

 

Global Surgical Robots Market, By Application,

Surgical robots market valuation from the general surgery segment is slated to surpass USD 7.7 billion by 2032.  The increasing frequency of various general surgeries, including hernia repair, cholecystectomy, adrenalectomy, small bowel resection and rectal prolapse have led to the higher adoption of surgical robots. To that end, several major business participants are focusing on innovating robotic-assisted surgeries. Hence, the higher usage of surgical robots in general surgery will augment the industry development.
 

 

North America Surgical Robots Market

North America surgical robots market size is anticipated to reach USD 13.6 billion by 2032. This is attributed to the rising number of robotic-assisted surgeries in the region. The increasing threat of various chronic diseases and the higher healthcare expenditure have spurred the stronger sales of surgical robots. The presence of some of the leading business participants will further contribute to the regional market share.

 

Surgical Robots Market Share

  • Stryker Corporation
  •  Medtronic plc
  •  Smith & Nephew
  •  Intuitive Surgical
  •  ACCURAY Inc
  •  Zimmer Biomet
  •  Renishaw plc
  •  Globus Medical Inc
  •  Johnson & Johnson
  •  Corindus Vascular Robotics
  •  Aethon
  •  Omnicell Inc
  •  ARXIUM
  •  TransEnterix Inc
  •  Meerecompany
  •  Olympus Corporation

are some of the leading market participants. Inorganic collaborative metrics, such as partnerships, mergers and acquisitions are largely implemented by these firms to boost their global presence.
 

Surgical robots market research report includes an in-depth coverage of the industry with estimates & forecast in terms of USD Million & Units from 2018 to 2032, for the following segments:

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By Component

  • Robot Systems
  • Instruments and Accessories

By Application

  • Orthopedic Surgery
  • Neurosurgery
  • General Surgery
  • Gynecology Surgery
  • Urologic Surgery
  • Others

By End-use

  • Hospitals
  • Ambulatory Surgical Centers

The above information is provided for the following  regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Belgium
    • Sweden
    • Switzerland
    • Netherlands
    • Czech Republic
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Thailand
    • Indonesia
    • Taiwan
    • Singapore
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Turkey
    • Qatar

 

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for surgical robots was worth USD 6.3 billion in 2022 and may exhibit 15.9% CAGR from 2023-2032 due to the increasing burden of several chronic diseases worldwide.

Instruments and accessories component segment crossed USD 4.2 billion in 2022 owing to their rising utilization in robotic procedures.

The surgical robots market in North America will reach USD 13.6 billion by 2032 due to the rising number of robotic-assisted surgeries in the region.

Stryker Corporation, Medtronic plc, Smith & Nephew, Intuitive Surgical, Zimmer Biomet, Renishaw plc., Globus Medical Inc., Corindus Vascular Robotics, Aethon, Omnicell Inc., ARXIUM, TransEnterix Inc., Meerecompany, Olympus Corporation are some major surgical robots industry players.

Surgical Robots Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 293
  • Countries covered: 32
  • Pages: 200
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