Home > Pressrelease > Surgical Robots Market size to exceed $26.8Bn by 2032
Surgical Robots Market size to exceed $26.8Bn by 2032
- Published Date: April 24, 2023
Surgical Robots Market size is anticipated to grow over USD 26.8 billion by 2032, as per a new research report announced by Global Market Insights Inc.
The rapid technological advancements in surgical robots, mainly across the developed countries will positively impact the industry growth. In recent years, robotic technology has gained prolific traction in the medical industry considering the rising usage of robots in surgical procedures. Developed countries, including the U.S., Japan, Germany, and the U.K. are witnessing widespread deployment of surgical robotic systems for executing minimally invasive surgeries.
Increasing innovations in surgical robots to cater to uses in general surgeries, gynecological surgeries, and urology surgeries will further drive the market outlook. However, the lower affordability of surgical robots in underdeveloped regions may negatively impede the product uptake to some extent.
Surging deployment of robot systems for enhanced precision to favor industry trends
Surgical robots market valuation from the robot systems component segment surpassed USD 2 billion in 2022 due to the burgeoning preference for minimally invasive surgical procedures. Robotic systems help in performing critical procedures through utmost precision. They also offer limited errors, lesser recovery time and high accuracy. The dire need for minimized risk of post-operative complications will also drive the demand for robot systems.
Browse key industry insights spread across 200 pages with 272 market data tables & 21 figures & charts from the report, “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, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
Increasing adoption of robots in gynecological procedures to drive product adoption
Surgical robots industry share from the gynecology segment is set to grow over 16% CAGR by 2032. The progress can be ascribed to the rising patient inclination for robotic assisted minimally invasive surgeries. Lately, robotically assisted surgeries are increasingly performed in gynecological procedures, specifically in the U.S and Canada. The scaling number of C-section surgeries will also play a key role in the industry progression.
Thriving healthcare investments to boost surgical robots market trends in APAC
Asia Pacific surgical robots industry revenue is likely to hit USD 5.7 billion by 2032 impelled by the rising outlook of R&D activities to match the rapid adoption of locally-manufactured systems. The increasing prevalence of several chronic diseases has surged the adoption of robotic surgeries in the region. The growing investments for the development of healthcare infrastructure in China, India, Indonesia, Thailand, and South Korea will further contribute to the market growth.
Innovation strategies to characterize surgical robots market expansion
Some of the leading surgical robots industry players include Stryker Corporation, Medtronic plc, Smith & Nephew, ACCURAY Inc., Intuitive Surgical, Zimmer Biomet, Globus Medical Inc., Johnson & Johnson, Corindus Vascular Robotics, Renishaw plc., Aethon, Omnicell Inc., ARXIUM, TransEnterix Inc., Meerecompany, and Olympus Corporation.
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