AI-based Surgical Robots Global Market Report 2024

AI-based surgical robots are innovative devices powered by artificial intelligence that have gained prominence in the medical field and are widely utilized. These computer-manipulated robots are designed to assist surgeons by handling intricate aspects of surgical procedures.

The main products within the AI-based surgical robotics market include services, instruments, and accessories. Services involve tasks such as capturing and analyzing patient information for initial diagnosis and supporting surgeons during complex surgeries. The diverse applications of AI-based surgical robots span across fields such as orthopedics, neurology, urology, gynecology, and others. These advanced technologies find application in both hospitals and ambulatory surgical centers.

The AI-based surgical robots market research report is one of a series of new reports that provides AI-based surgical robots market statistics, including AI-based surgical robots industry global market size, regional shares, competitors with an AI-based surgical robots market share, detailed AI-based surgical robots market segments, market trends and opportunities, and any further data you may need to thrive in the AI-based surgical robots industry. This AI-based surgical robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The ai-based surgical robots market size has grown exponentially in recent years. It will grow from $5.73 billion in 2023 to $6.88 billion in 2024 at a compound annual growth rate (CAGR) of 20.0%. The growth observed in the historic period can be attributed to various factors, including the aging population, a growing demand for minimally invasive surgery, an increase in healthcare expenditure, the emphasis on patient safety, and the rising prevalence of chronic diseases. These combined influences have played a significant role in shaping the positive trajectory witnessed during that time in the AI-based surgical robotics industry.

The ai-based surgical robots market size is expected to see rapid growth in the next few years. It will grow to $13.12 billion in 2028 at a compound annual growth rate (CAGR) of 17.5%. The anticipated growth in the forecast period can be attributed to several factors, including the rise of telemedicine and remote surgery, increased investment in the healthcare sector, a growing number of robotic surgeries, and the shortage of medical professionals. Key trends expected during this period involve the integration of AI and machine learning in surgical robotics, the emergence of robotics-as-a-service (RaaS) models, advancements in miniaturization and portability, the implementation of surgical data analytics, the development of patient-specific surgical planning, and an increased focus on interdisciplinary collaboration. These trends underscore the industry's response to technological advancements and the evolving landscape of healthcare delivery.

The expansion of the AI-based surgical robots market is significantly influenced by the increased adoption of technologically advanced robots by surgeons across various applications. Robots, automated machines capable of executing pre-programmed tasks, have evolved with advancements in AI technology, enhancing their efficiency, accuracy, and overall performance. AI-based surgical robots have found application in a spectrum of surgeries and medical specialties, including neurology, urology, ENT, thoracic surgery, colorectal surgery, and more. For instance, as per a 2023 report from Oliver Wyman, a US-based management consulting firm, robotic surgery is employed in approximately 2% of surgeries in Europe and around 15% in the US. This escalating adoption of advanced robotic technology among surgeons is a primary driver behind the growth of the AI-based surgical robot market.

The increasing integration of AI in the healthcare domain is poised to be a key driver propelling the expansion of the AI-based surgical robot market. AI in healthcare involves leveraging AI technologies to advance patient outcomes, reduce expenses, and augment operational efficiency within the healthcare sector. AI-based surgical robots are revolutionizing healthcare by offering heightened precision, efficiency, and expanded capabilities across diverse surgical procedures. These robots combine AI with robotic technology, enabling assistance or even autonomous execution of surgical tasks. Notably, data from the National Centre for Biotechnology Information indicates the rapid growth and anticipated market valuation of the AI-associated healthcare market, estimated to reach USD 6.6 billion by 2021, showcasing a 40% compound annual growth rate. Consequently, the increased integration of AI in healthcare stands as a driving force behind the growth of the AI-based surgical robot market.

A significant trend in the AI-based surgical robots market is the development of new products by major market players to fortify their market positions. Notably, in December 2022, Suzhou Kang Duo Robot Co., a China-based medical company, introduced the Kang Duo Surgical Robot-01 (KD SR 01). This device successfully completed a robot-assisted radical pyeloplasty, demonstrating advantages such as reduced surgical time compared to conventional methods like laparoscopic surgery. The trend of introducing new, innovative products represents a strategic approach adopted by companies to enhance their standing and market share within the evolving landscape of AI-based surgical robots.

Prominent enterprises within the AI-based surgical robot market are actively engaged in developing innovative products, exemplified by the CORI Surgical System, specifically engineered to enhance the precision and overall outcomes of knee arthroplasty procedures. The CORI Surgical System stands out as a compact, portable, and cost-effective robotic system, recognized for its exceptional efficiency and advanced capabilities in knee replacement surgeries. Engineered to offer an additional layer of pre-surgical planning and enhanced precision for knee surgery, this system is a pivotal innovation. Notably, in February 2022, Smith+Nephew, a UK-based medical equipment manufacturer, introduced a cutting-edge robotics system in Japan. This solution integrates 3-D intraoperative imaging with an advanced robotic precision milling tool, enabling precise bone sculpting while preserving anatomical integrity in ligament sparing procedures. CORI significantly augments a surgeon’s capacity to measure, plan, and execute knee surgery tailored to the individual anatomy of the patient.

In a strategic move in January 2021, Surgical Science Sweden AB, a Sweden-based company renowned for providing virtual reality simulators for evidence-based laparoscopic and endoscopic training, successfully acquired Mimic Technologies Inc. for $18.0 million (approximately SEK 150 million). Through this acquisition, Surgical Science not only broadens its customer base within the robotic surgery sector but also gains access to advanced technology for data collection and analytics, further solidifying its presence in the American market. Mimic Technologies Inc., a US-based developer specializing in robotic surgery simulation systems, represents a strategic addition that reinforces Surgical Science's portfolio and market position, enabling the company to expand its offerings and technological capabilities.

Major companies operating in the ai-based surgical robots market include Accuray Incorporated, Intuitive Surgical Inc., Medtronic PLC, Medrobotics Corporation, Zimmer Biomet Holdings Inc., Stereotaxis Inc., Transenterix Inc., Stryker Corporation, Activ Surgical Inc., Titan Medical Inc., CMR Surgical Inc., Smith and Nephew PLC, Auris Health Inc., Corindus Vascular Robotics Inc., EndoMaster Pte Ltd., Freehand 2010 Ltd., Globus Medical Inc., Hansen Medical Inc., Johnson & Johnson, Memic Innovative Surgery Ltd., Microbot Medical Inc., Neural Analytics Inc., Renishaw PLC, Restoration Robotics Inc., Synaptive Medical Inc., Think Surgical Inc., XACT Robotics Ltd., Zavation Medical Products LLC, Vicarious Surgical Inc., Asensus Surgical Inc., Brainlab AG, Corin Group PLC, IMRIS Inc.

North America was the largest region in the AI-based surgical robots’ market in 2023. Asia-Pacific is expected to be the fastest-growing region in the AI-based surgical robots market share during the forecast period. The regions covered in AI based surgical robots market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the AI based surgical robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The AI-based surgical robots market consists of sales of rehabilitation robots, laboratory robots, and robotic prosthetic. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.