The AI-based surgical robots market is set to reach US$ 56,738 million by 2030 from US$ 8,819.5 million in 2020 projecting rampant growth at a compounded annual growth rate (CAGR) of 20.7% during the forecast period from 2022 to 2030. As per the statistics provided by World Health Organization 70% of the global deaths are associated with non communicable disease. Technological advancement in the surgical robots equipment enhanced with artificial intelligence is being currently utilized by surgeons worldwide to curb the mortality rate associated with chronic disease. Rising public health awareness and enhanced patient safety and compliance bolster the market growth for AI-based surgical robots market.
High maintenance cost associated with algorithms of robotic surgery system and routing technology upgradation increases the demand for service products
Services are holding the largest share in the product segment for AI-based surgical robots market. High maintenance cost associated with the algorithms of robotic surgery system and routine technology upgradation increases the demand for service products. Instrument and accessories are going to register rampant growth in the near future owing to significant rise in the number of surgeries performed worldwide and huge popularity and acceptance of AI-based surgical robots system by surgeons worldwide.
Significant rise in abdominal surgeries and rising prevalence of breast cancer together increases the demand for general surgery
General surgery is reigning the application segment for AI-based surgical robots market. The major factors driving its market growth are significant rise in abdominal surgical procedures performed worldwide and rising prevalence of breast cancer. Surgeons are currently utilizing robotic assisted surgery to perform minimally invasive laparoscopic surgeries wherein few incision cuts are made using robotic arms simulated with surgeons hand movement to insert surgical equipment and a magnified camera for viewing. Breast cancer patients are also opting for robot assisted surgery to precisely remove the cancerous cells causing minimal damage to other soft tissues. Gynecology surgical procedures using AI- based technology has garnered tremendous attention since its approval by USFDA in 2005. It is widely used to perform hysterectomy, myomectomy, sacrocolpopexy etc., ensuring optimal patient compliance and safety.
Effective collaboration between healthcare & robotics designing software companies and rising public health awareness pertaining to benefits of AI-based surgical procedures
North America is the dominating regional segment for AI-based surgical robots market representing a share of 45%. The chief contributing factors responsible for its global dominance are effective collaboration between healthcare & robotics designing software companies and rising public health awareness pertaining to benefits associated with AI-based surgical procedures. Europe is in the second place holding a market share of 30% on account of strategic collaboration between academic research institutes & hospitals pursuing diligently in developing machine learning algorithms pertaining to multidisciplinary surgical procedures. Asia Pacific is accountable for 15% market share owing to proactive government initiatives to provide funds in developing robotics technology pertaining to healthcare.
Companies developing AI-based surgical robots are Accuray Incorporated, Hansen Medical, Intuitive Surgical, Inc., MAKO, Mazor Robotics, Medrobotics Corporation, Medtech Surgical, Stereotaxis, Inc., ASENSUS SURGICAL and Titan Medical, Inc.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of AI-based Surgical Robots market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the AI-based Surgical Robots market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Product
- Services
- Instrument & Accessories
Application
- General Surgery
- Urology
- Orthopedic
- Gynecology
- Others
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of AI-based Surgical Robots market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the AI-based Surgical Robots market?
- Which is the largest regional market for AI-based Surgical Robots market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving AI-based Surgical Robots market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the AI-based Surgical Robots market worldwide?
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Table of Contents
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global AI-based Surgical Robots Market
2.2. Global AI-based Surgical Robots Market, By Product, 2021 (US$ Million)
2.3. Global AI-based Surgical Robots Market, By Application, 2021 (US$ Million)
2.4. Global AI-based Surgical Robots Market, By Geography, 2021 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2021
3. AI-based Surgical Robots Market: Competitive Analysis
3.1. Market Positioning of Key AI-based Surgical Robots Market Vendors
3.2. Strategies Adopted by AI-based Surgical Robots Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030
4. AI-based Surgical Robots Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global AI-based Surgical Robots Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Services
5.3.2. Instrument & Accessories
6. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. General Surgery
6.3.2. Urology
6.3.3. Orthopedic
6.3.4. Gynecology
6.3.5. Others
7. North America AI-based Surgical Robots Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
7.3. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
7.4.AI-based Surgical Robots Market: By Region, 2020-2030, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
7.4.1.1.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
7.4.1.2.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
7.4.1.3.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
8. UK and European Union AI-based Surgical Robots Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
8.3. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
8.4.AI-based Surgical Robots Market: By Region, 2020-2030, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
8.4.1.1.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
8.4.1.2.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
8.4.1.3.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
8.4.1.4.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
8.4.1.5. France
8.4.1.5.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
8.4.1.5.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
8.4.1.6.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
9. Asia Pacific AI-based Surgical Robots Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
9.3. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
9.4.AI-based Surgical Robots Market: By Region, 2020-2030, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
9.4.1.1.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
9.4.1.2.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
9.4.1.3. India
9.4.1.3.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
9.4.1.3.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
9.4.1.4.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
9.4.1.5.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
9.4.1.6.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
10. Latin America AI-based Surgical Robots Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
10.3. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
10.4.AI-based Surgical Robots Market: By Region, 2020-2030, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
10.4.1.1.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
10.4.1.2.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
10.4.1.3.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
11. Middle East and Africa AI-based Surgical Robots Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
11.3. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
11.4.AI-based Surgical Robots Market: By Region, 2020-2030, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
11.4.1.1.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
11.4.1.2.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. AI-based Surgical Robots Market: By Product, 2020-2030, USD (Million)
11.4.1.3.1. AI-based Surgical Robots Market: By Application, 2020-2030, USD (Million)
12. Company Profile
12.1. Accuray Incorporated
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Hansen Medical
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Intuitive Surgical, Inc.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. MAKO
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Mazor Robotics
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Medrobotics Corporation
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Medtech Surgical
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Stereotaxis, Inc.
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. ASENSUS SURGICAL
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Titan Medical, Inc.
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
List of Figures
Figure 1 Global AI-based Surgical Robots Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global AI-based Surgical Robots Market: Quality Assurance
Figure 5 Global AI-based Surgical Robots Market, By Product, 2021
Figure 6 Global AI-based Surgical Robots Market, By Application, 2021
Figure 7 Global AI-based Surgical Robots Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global AI-based Surgical Robots Market, 2021
Figure 9 Market Positioning of Key AI-based Surgical Robots Market Players, 2021
Figure 10 Global AI-based Surgical Robots Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global AI-based Surgical Robots Market, By Product, 2021 Vs 2030, %
Figure 12 Global AI-based Surgical Robots Market, By Application, 2021 Vs 2030, %
Figure 13 U.S. AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 14 Canada AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 16 UK AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 17 Germany AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 18 Spain AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 19 Italy AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 20 France AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 22 China AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 23 Japan AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 24 India AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 25 Australia AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 26 South Korea AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 28 Brazil AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 29 Mexico AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 31 GCC AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 32 Africa AI-based Surgical Robots Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa AI-based Surgical Robots Market (US$ Million), 2020 - 2030
List of Tables
Table 1 Global AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 2 Global AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 3 North America AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 4 North America AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 5 U.S. AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 6 U.S. AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 7 Canada AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 8 Canada AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 9 Rest of North America AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 10 Rest of North America AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 11 UK and European Union AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 12 UK and European Union AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 13 UK AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 14 UK AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 15 Germany AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 16 Germany AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 17 Spain AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 18 Spain AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 19 Italy AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 20 Italy AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 21 France AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 22 France AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 23 Rest of Europe AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 24 Rest of Europe AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 25 Asia AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 26 Asia AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 27 China AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 28 China AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 29 Japan AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 30 Japan AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 31 India AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 32 India AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 33 Australia AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 34 Australia AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 35 South Korea AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 36 South Korea AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 37 Latin America AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 38 Latin America AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 39 Brazil AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 40 Brazil AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 41 Mexico AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 42 Mexico AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 43 Rest of Latin America AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 44 Rest of Latin America AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 45 Middle East and Africa AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 46 Middle East and Africa AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 47 GCC AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 48 GCC AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 49 Africa AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 50 Africa AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa AI-based Surgical Robots Market By Product, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa AI-based Surgical Robots Market By Application, 2020-2030, USD (Million)
Companies Mentioned
- Accuray Incorporated
- ASENSUS SURGICAL
- Hansen Medical
- Intuitive Surgical Inc.
- MAKO
- Mazor Robotics
- Medrobotics Corporation
- Medtech Surgical
- Stereotaxis Inc.
- Titan Medical Inc.
