Home > Pressrelease > Surgical Robots Market size to exceed $22.7bn by 2030

Surgical Robots Market size to exceed $22.7bn by 2030

  • Published Date: June 26, 2022

Surgical Robots Market size is set to surpass USD 22.7 billion by 2030, according to a new research report by Global Market Insights Inc.

Rising number of surgical procedures such as general surgery and neurosurgery as well as surged adoption of surgical robots will drive the industry landscape. Similarly, internet of things (IoT), growth of AI & machine learning, robotic proliferation, connectivity, and 5G rollout are few of the key aspects of robot-assisted surgery.

Increasing adoption of surgical robots will fuel the surgical robots market progression

Surgical robots are more applicable for minimally invasive surgery such as gastrointestinal surgery, general surgery, gynecologic surgery, thoracic surgery, urologic surgery through tiny incision procedures. Nowadays, robotic surgeries are preferred by the healthcare professionals and by patients as they allow for unprecedented control and precision in various invasive procedures.

Moreover, surgical robots allow doctors or surgeons to perform the surgeries in unattainable parts of the body through small incisions with its specialized technology consisting of surgical arms, special camera, and surgical console. Recently, critical surgeries are accomplished with the use of surgical robot through a minimally invasive approach.

Surged utilization of robotic systems will propel the surgical robots market trends

Robot systems segment exceeded USD 1.5 billion in 2021, due to the growing demand for minimally invasive surgical procedures that further allows surgeons to make precise incisions. These robot systems helps in controlling loss of blood, transfusions and improves the recovery time of the patients in a shorter period. In addition, robot systems reduce physicians or surgeon’s workload and decreases stress of the patient during any surgical procedure. This further leads to higher successful rate with early discharge and faster recovery time of the patients.

For instance, CyberKnife company introduced the CyberKnife system featuring a linear accelerator mounted on a robot to deliver high energy photons or x-rays during radiation therapy. This robot system has set a standard in enabling and delivering stereotactic radiosurgery for various types of tumors.

Browse key industry insights spread across 167 pages with 245 market data tables & 16 figures & charts from the report, “Surgical Robots Market Analysis By Component (Robot Systems, Instruments & Accessories), Application (Orthopedic Surgery, Neurosurgery, General Surgery, Gynecology Surgery, Urologic Surgery), End-user (Hospitals, Ambulatory Surgical Centers [ASCs]), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030 in detail along with the table of contents:

Growing application of surgical robots for urologic surgeries will spur the industry statistics

Urologic surgery segment held around USD 1 billion in 2021, as urology has rapidly become a technology driven specialty since the introduction of robotic surgical systems. This is attributed to rising number of urological diseases and conditions such as prostate cancer, kidney cancer, kidney obstruction, reconstruction of kidney, ureter, and bladder. Furthermore, according to the American Cancer Society, in 2022, around 268,400 new cases of prostate cancer were estimated in the U.S. Therefore, to treat different types of cancer, surgeons prefer minimally invasive procedure for treatment due to low risk of infection and low blood loss.

Exponential growth of surgical robots in ambulatory surgical centers will boost the surgical robots market forecasts

Ambulatory surgical centers segment accounted for 28.2% revenue share in 2021 is set to register a significant CAGR through 2030. This is owing to the surging demand for high-quality procedures and surgeries by using robot systems in a cost-effective manner. For instance, Intuitive Surgical’s da Vinci robot is mainly used for general and gynecological services including hernia surgeries, robotic hysterectomies, and single-site gynecological procedures.

Therefore, higher adoption of these systems in ambulatory surgical centers will enhance the overall segment progression. Moreover, surgeries performed at ambulatory surgical centers have low risk of surgical site infections. As a result, rising patients preference towards ambulatory surgical centers will have a positive impact on the market revenue.

Highly competitive market in Europe will contribute to industry expansion

Europe surgical robots market is expected to register 17.4% CAGR during the forecast period due to rising number of surgical procedures. In addition, technological advancements, presence of prominent market players and higher healthcare expenditure along with improved awareness regarding the benefits of robotic-assisted surgery will foster the regional market size.

Major leaders are focusing on strategies & launching innovative products to capture a higher market value

Some of the prominent industry players operating in the surgical robots industry include Accuray Incorporated, Corin Group (OMNILife science, Inc.), Globus Medical Inc., Intuitive Surgical, Johnson & Johnson, Medtronic (Mazor Robotics), Siemens Healthineers, Stryker, THINK Surgical, Inc., Zimmer Biomet. These market players are implementing various strategic collaborations, innovations, mergers, and acquisitions to sustain market competition and strengthen its value.

For instance, In June 2020, Accuray Incorporated launched new CyberKnife S7 System that combines advanced precision, speed, and real-time artificial intelligence driven motion tracking and synchronization treatment delivery. This launch helped the company to garner a higher market share in surgical robots industry.

Authors: Sumant Ugalmugle, Rupali Swain

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