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Surgical Robots Market Trends

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

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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.

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.