Surgical Robots Market Size By Component (Robot Systems, Instruments & Accessories), By Application (Orthopedic Surgery, Neurosurgery, General Surgery, Gynecology Surgery, Urologic Surgery), By End-user (Hospitals, Ambulatory Surgical Centers [ASCs]), Industry Analysis Report, Regional Outlook, COVID-19 Impact Analysis, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

Industry Overview

Surgical Robots Market size surpassed USD 5.2 billion in 2021 and is expected to witness 17.6% CAGR from 2022 to 2030. Surgical robots are advanced medical devices with robotic arms and instruments attached to it. 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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Nowadays, robot-assisted surgeries are mainly applicable for laparoscopic surgeries as it is more effective and minimally invasive in nature. Therefore, there is an increasing adoption of surgical robots in emerging countries. Additionally, rising healthcare expenditure in developing region and increasing number of surgical procedures are expected to drive market growth over the forthcoming years.
 

A global medical emergency was generated by the coronavirus (COVID-19) pandemic. The unexpected advent of such a pandemic had a moderate impact across the surgical robots market. For instance, since the outbreak and lockdown, all the surgical procedures had been postponed impacting the business revenues of healthcare providers and suppliers of medical products and instruments.
 

Surgical robots are significantly used for minimally invasive surgical procedures. Robotic-assisted systems have better accuracy and precision as compared to unaided surgeons. Therefore, with adaptive and advanced surgical robots, many complex surgical procedures have been successful.
 

Rising number of surgical procedures across the globe is expected to accelerate the market statistics

Rise in the number of surgical procedures is due to increasing chronic diseases throughout the world. These procedures mainly include cardiac surgery, cataract surgery, orthopedic surgeries, and surgical interventions. For instance, according to the National Institutes of Health (NIH), National Eye Institute, cataract cases are projected to reach approximately 38 million cases by 2030 in the U.S.
 

Moreover, every year, approximately 3 million individuals undergo cataract surgeries, therefore higher number of surgical procedures will elevate the industry growth. Moreover, surgical robots have been used in various procedures for nearly thirty-five years now but the last two decades have seen momentous evolution in the field. Hence, these aspects will boost the demand for surgical robots proving beneficial for the overall market progression.
 

Surgical robots are mainly applicable to improve different surgical fields to treat orthopedic conditions in an effective manner. According to the OECD, in 2018, the total knee replacement (TKR) surgeries in UK increased to 98,651. Thus, with improved surgical procedures, all complex procedures can be cured easily. Hence, with the use of robotic surgery there has been reduction in post-surgical complications as well as recovery time leading to a positive impact to the market expansion.
 

The growing demand of accessories and instruments will augment the market progress

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Based on component, the surgical robots market is bifurcated into robot systems and instruments & accessories. The instruments & accessories segment is expected to register around 17% 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.
 

The firm introduced various instruments such as robotic scissors and bipolar dissector, robotic needle holder, robotic atraumatic grasper and robotic clip applicator among others. Hence, with advanced technologies the demand of new accessories & instruments surges thereby, propelling the overall market outlook over the forecast period.
 

Increasing application of surgical robots for orthopedic surgeries will drive the market expansion

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On the basis of application, the surgical robots market is segmented into gynecology surgery, orthopedic surgery, general surgery, neurosurgery, urologic surgery and others. Among them, the orthopedic surgery segment accounted for around USD 735 million market size in 2021. The high segmental growth is attributed to increasing adoption of new procedures for knee reconstruction and total knee surgery.
 

Robotic surgeries have been specifically used in numerous orthopedic sub-specialties including total joint arthroplasty, shoulder, hip, and knee.  For instance, according to the Organization for Economic Cooperation and Development (OECD), the total knee replacement (TKR) surgeries in Germany increased to 184,688 in 2018. Therefore, rising number of orthopedic surgeries will accelerate the industry landscape.
 

Similarly, major market players are focusing to launch new surgical robots in the market with efficient features and applications for better management as well as care of patients, thus proving beneficial for the overall market expansion.
 

Hospitals segment is expected to showcase exponential market demand

Based on end-user, the market is categorized into hospitals and ambulatory surgical centers Among these, hospital segment accounted for over USD 3.7 billion market size in 2021, owing to growing healthcare expenditures in various economies. Hospitals are equipped with advanced surgical robots to improve the quality of care and patient outcomes.
 

Nowadays, doctors or surgeons at hospital settings prefer robot-assisted systems during different surgical procedures. For instance, according to a report published in JAMA network, it was found that the use of robot-assisted surgeries for general surgical procedures rose multifold from 1.8% in 2012 to 15.1% in 2018. Therefore, aforementioned factors will augment the market expansion during the analysis timeframe.
 

Rising number of surgical procedures in North America will prove favorable for the surgical robots market forecasts

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North America surgical robots industry is poised to grow at 17.6% CAGR during the forthcoming years. High regional growth is attributed to rising number of various surgical procedures with advanced technology. For instance, according to the Canadian Institute for Health Information’s (CIHI), Canadian Joint Replacement Registry (CJRR), in 2019-20, 63,496 hip replacements and 75,073 knee replacements were performed in Canada. This factor increases the demand of surgical robots in the market. Additionally, key industry players are focusing on developing effective and accurate surgical robots that will further accelerate the market expansion in North America.
 

Innovative approach by key business participants will surge the market growth

Some of the key market players operating in the surgical robots industry include Globus Medical Inc., Accuray Incorporated, Corin Group (OMNILife science, Inc.), Johnson & Johnson, Medtronic (Mazor Robotics), Intuitive Surgical, Siemens Healthineers, Stryker, and others These market participants are formulating various growth strategies with continued innovations and technology improvements to sustain market competition in the surgical robots market.
 

Some of the recent market developments:

• In May 2022, Globus Medical announced surgeries with Excelsius3D, an intelligent, intraoperative 3 in 1 imaging platform with minimally invasive techniques. This will allow the firm to improve its surgical outcomes product portfolio.
   
• In July 2019, Intuitive Surgical acquired Scholly Fiberoptic’s robotic endoscope business. This strategic acquisition helped the firm to expand its product line and manufacturing sites.
   

The surgical robots report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2030, for the following segments:

By Component

• Robot Systems
• Instruments and Accessories

By Application

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

By End-user

• Hospitals
• Ambulatory Surgical Centers (ASCs)

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

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific 
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America 
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa 
  • South Africa
  • Saudi Arabia
  • UAE