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Surgical Robots Market Size

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

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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

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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 Report Attributes
Report Attribute	Details
Base Year:	2022
Surgical Robots Market Size in 2022:	USD 6.3 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	15.9%
2032 Value Projection:	USD 26.8 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	293
Segments covered:	Component, Application, End-use, and Region
Growth Drivers:	Increasing technological advancements in surgical robots in developed countries Increasing adoption of surgical robots Rising number of surgical procedures Growing healthcare expenditures in emerging countries Lack of clarity in regulatory norms is proving to be favorable for the sale of surgical robots
Pitfalls & Challenges:	Excessive cost of surgical robots Low affordability in underdeveloped regions

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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.