Surgical Robots Market Report and Forecast 2023-2031

The global surgical robots market was valued at USD 6.4 billion in 2022, driven by the increasing number of robot assisted surgeries across the globe. The market size is anticipated to grow at a CAGR of 15.7% during the forecast period of 2023-2031 to achieve a value of USD 23.9 billion by 2031.

Surgical Robots: Introduction

Surgical robots are advanced medical devices that are revolutionizing the field of surgery. These robotic systems are designed to assist surgeons in performing complex procedures with enhanced precision, control, and dexterity. They offer a range of benefits, including improved surgical outcomes, reduced invasiveness, shorter recovery times, and enhanced patient safety.

Surgical robots consist of robotic arms equipped with surgical instruments and a control console operated by the surgeon. The surgeon sits at the console and uses hand controls and foot pedals to manipulate the robotic arms and perform the surgery. The robotic system translates the surgeon's movements into precise and controlled actions, enabling more precise incisions, suturing, and tissue manipulation.

Key Trends in the Surgical Robots Market

Some key trends involved in the surgical robots market are as follows:

• Increasing Adoption: Surgical robots are witnessing increasing adoption across the globe, as they offer several advantages over traditional surgical techniques. Surgeons are recognizing the potential of robotic-assisted surgery in achieving better outcomes and are therefore incorporating these systems into their practice
• Expansion of Surgical Applications: Initially used primarily in urology and gynecology procedures, surgical robots are now being employed in a wide range of surgical specialties, including general surgery, cardiothoracic surgery, orthopedic surgery, and neurosurgery. As the technology continues to evolve, the applications of surgical robots are expanding, enabling surgeons to perform more complex and minimally invasive procedures
• Technological Advancements: The field of surgical robotics is experiencing rapid technological advancements. Manufacturers are continuously improving the capabilities of robotic systems, enhancing their precision, speed, and flexibility. These advancements include features such as advanced imaging, artificial intelligence, haptic feedback, and robotic assistance in preoperative planning. These technological advancements are driving the market growth and expanding the possibilities of robotic-assisted surgery

Surgical Robots Market Segmentations

Market Breakup by Component

• Robotic Systems
• Instruments and Accessories
• Services

Market Breakup by Mechanism of Control

• Computer Control
• Direct Telemanipulator

Market Breakup by Application

• Orthopedic Surgery
• Endometriosis
• General Surgery
• Neurosurgery
• Thoracic Surgery
• Colorectal Surgery
• Gynecology
• Heart Surgery
• Urologic Surgery
• Others

Market Breakup by End User

• Hospitals and Clinics
• Ambulatory Surgical Centers
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Surgical Robots Market Overview

The market for surgical robots has witnessed significant growth and is expected to continue expanding in the coming years. Surgical robots have revolutionized the field of surgery by offering improved precision, control, and minimally invasive procedures. They have transformed the way surgeries are performed, providing numerous benefits to both patients and healthcare providers.

The market for surgical robots is driven by several factors. First and foremost, the increasing demand for minimally invasive surgeries is a major driver of market growth. Surgical robots enable surgeons to perform complex procedures with smaller incisions, resulting in reduced pain, shorter hospital stays, and faster recovery times. Patients are increasingly opting for these less invasive procedures, driving the demand for surgical robots.

Additionally, the market for surgical robots is supported by favourable reimbursement policies and increased healthcare expenditure. Governments and healthcare organizations are recognizing the value of surgical robots in improving patient outcomes and reducing long-term healthcare costs. This has led to favourable reimbursement policies, making surgical robots more accessible and affordable for healthcare providers.

Surgical Robots Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Intuitive Surgical Inc
• Stryker
• Johnson & Johnson Services, Inc
• Medtronic
• Smith+Nephew
• Zimmer Biomet
• Asensus Surgical US, Inc
• Siemens Healthcare GmbH
• CMR Surgical Limited
• Renishaw plc
• THINK Surgical®, Inc

*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.