The global Surgical Robots Market size is expected to reach
USD 7.42 billion by 2030 and is expected to grow at a CAGR of 9.5% from 2024 to
2030, according to a new report by Grand View Research, Inc. Surgical robotic
systems are equipped with high-definition cameras and robotic arms, allowing
surgeons to perform complicated procedures with enhanced accuracy. The market
has grown substantially due to rising demand for minimally invasive surgeries,
need for improved surgical outcomes, and continuous evolution of robotic
technology. As the healthcare landscape embraces innovation, surgical robots
are increasingly becoming a vital tool, revolutionizing surgical approaches and
contributing to better patient care.
Moreover, increasing penetration of international
players in various regions is expected to boost market growth. COVID-19
outbreak significantly influenced the uptake and integration of surgical
robots. Supply chain disruptions and extensive lockdowns across key nations had
a notable impact on market growth. An overall decline in surgical procedure
volumes due to the pandemic and stringent regulations contributed to the
downturn in 2020. As circumstances move closer to pre-pandemic norms, the
market is poised for substantial growth.
In addition, collaborative efforts between
governments, hospitals, and medical device companies create a favorable
environment for product adoption, propelling market growth. For instance, in
August 2023, The CK Birla Group partnered with 'Intuitive India' to introduce
their Da Vinci Surgical Robot. This collaboration encompasses extensive
technology training and assistance from Intuitive India, focusing on enhancing
skills of senior surgeons at hospitals. In April 2023, during a symposium on
Robotic Colorectal Cancer hosted by the Association of Colon and Rectal
Surgeons of India, Apollo Cancer Centers introduced the latest fourth
generation Da Vinci Xi Robotic System.
List of Key Players in the Surgical Robots Market
- Intuitive Surgical
- Medrobotics Corporation
- Medtronic
- Renishaw plc
- Smith and Nephew
- Stryker Corporation
- THINK Surgical, Inc.
- TransEnterix (Asensus Surgical, Inc.)
- Zimmer Biomet Holdings, Inc.
Related Press Release@ Surgical Robots Market Report
Surgical Robots Market Report Highlights
- Based on application, others segment accounted for a revenue share
of 44.6% in 2023 due to increased usage of advanced automated instruments
in cancer and high demand for minimally invasive laparoscopic surgeries
- Based on end-use, inpatient facilities segment held the largest
revenue share of 53.21% in 2023 due to high financial resources and
patient volume to justify the investment in costly surgical robotic
systems
- North America accounted for the largest revenue share of 49.9% in
2023, owing to the strong presence of international players, a lineup of
several U.S. FDA clearance products, ongoing robotics developments, and
demand for minimally invasive surgeries to reduce the post-operative
period
Surgical Robots Market Report
Scope
|
Report Attribute |
Details |
|
Market size value in 2024 |
USD 4.31 billion |
|
Revenue forecast in 2030 |
USD 7.42 billion |
|
Growth rate |
CAGR of 9.5% from 2024 to 2030 |
|
Base year for estimation |
2023 |
|
Historical data |
2018 - 2022 |
|
Forecast period |
2024 - 2030 |
Surgical Robots Market Segmentation
Grand View Research has segmented the global
surgical robots market based on application, end-use, and region:
Surgical Robots Application Outlook (Revenue, USD
Million, 2018 - 2030)
- Orthopedics
- Knee
- Hip
- Spine
- Others
- Neurology
- Urology
- Gynecology
- Others
Surgical Robots End-use Outlook (Revenue, USD Million,
2018 - 2030)
- Inpatient
- Outpatient
Surgical Robots Regional Outlook (Revenue,
USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Italy
- France
- Spain
- Denmark
- Sweden
- Norway
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
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