Image

Global Autonomous Surgical Robotics Market - Industry Trends and Forecast to 2031

Healthcare

Image

Global Autonomous Surgical Robotics Market - Industry Trends and Forecast to 2031

  • Healthcare
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Autonomous Surgical Robotics Market, By Type (Surgical systems, Instruments and accessories, Services), Application (General surgery, Urology surgery, Gynecology surgery, Orthopedic Surgery, Cardiology surgery, Head and Neck (including Neurology) surgery, other surgeries), End User (Hospitals, Ambulatory Surgery Centers and Others) - Industry Trends and Forecast to 2031.

Autonomous Surgical Robotics Market

Autonomous Surgical Robotics Market Analysis and Size

The surgical robotics market is in the developing phase. The increasing demand for minimally invasive surgeries, increasing demand for robotic-assisted surgeries, and increasing synergetic activities within the surgical robotics industry are some of the major opportunities in the global autonomous surgical robotics market. Furthermore, some of the key trends going on in the market are the technological advancements in the field of medical surgery, such as the incorporation of artificial intelligence (AI), the introduction of telerobotics, and the increasing application of microsurgery.

Data Bridge Market Research analyses that the global autonomous surgical robotics market, which was USD 1.40 billion in 2023, expected to reach up to USD 3.93 billion by 2031 and is expected to undergo a CAGR of 13.80% during the forecast period. “Surgical systems” dominates the type segment of the global autonomous surgical robotics market owing to the growing advancements in minimally invasive surgeries.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Surgical systems, Instruments and accessories, Services), Application (General surgery, Urology surgery, Gynaecology surgery, Orthopedic Surgery, Cardiology surgery, Head and Neck (including Neurology) surgery, other surgeries), End User (Hospitals, Ambulatory Surgery Centers, Others)

Countries Covered

U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Sweden, Denmark, Poland, Rest of Europe, Japan, China, Australia, New Zealand, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, Ethiopia, Rest of the Middle East and Africa

Market Players Covered

Stryker (U.S.), Medtronic (Ireland), Smith+Nephew (U.S.), Intuitive Surgical Operation, Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Olympus Corporation (Japan), Renishaw plc (U.K.), ACCURAY Incorporated (U.S.), Corindus Vascular Robotics Inc. (U.S.), Aethon (U.S.), Omnicell, Inc. (U.S.), Asenus Surgical, Inc. (U.S.), Globus Medical (U.S.)

Market Opportunity

  • Growing technological advancements

Market Definition

Autonomous surgical robotics refers to a cutting-edge technology that combines robotics, artificial intelligence (AI), and automation to perform surgical procedures with minimal human intervention. Unlike traditional robotic-assisted surgery, where a surgeon controls the robotic system's movements, autonomous surgical robots are capable of executing specific surgical tasks independently, relying on pre-programmed algorithms and real-time data analysis.

Global Autonomous Surgical Robotics Market Dynamics           

Drivers

  • Increasing Use of Robotic-Assisted Surgery Driven by Upsurge in the Incidence of Chronic Diseases

The increasing use of robotic-assisted surgeries is being driven by a notable upsurge in the incidence of chronic diseases, representing a significant driver in the healthcare landscape. As the global population ages and lifestyles evolve, the prevalence of chronic conditions such as cardiovascular disease, cancer, and musculoskeletal disorders continues to rise. These diseases often necessitate surgical interventions for diagnosis, treatment, or symptom management. Robotic-assisted surgeries offer several advantages over traditional surgical approaches, particularly in complex and delicate procedures.

  • Growing Adoption of Minimally Invasive Surgical Procedures by Geriatric Population

The growing adoption of minimally invasive surgical procedures by the geriatric population is emerging as a significant driver in the healthcare landscape, reshaping surgical practices and patient care paradigms. As the global population continues to age, with a substantial proportion comprising older adults, there is a heightened demand for surgical interventions that offer reduced invasiveness, shorter recovery times, and improved post-operative outcomes. Minimally invasive surgical techniques, including laparoscopy, endoscopy, and robotic-assisted surgery, utilize small incisions and advanced technologies to access and treat internal organs or tissues with minimal disruption to surrounding structures.

Opportunity

  • Growing Technological Advancements

The global autonomous surgical robotics market is experiencing significant growth, largely propelled by the rapid advancement of technology. Breakthroughs in artificial intelligence, machine learning, and sensor technology are revolutionizing surgical procedures. These advancements enable autonomous surgical robots to learn from vast datasets, adapt to varying surgical scenarios, and execute intricate maneuvers with unparalleled precision. Miniaturized sensors provide real-time feedback to the robots, allowing them to navigate the surgical environment and adjust their actions accordingly.

Restraints

  • Stringent Regulatory Environment

Despite the promising advancements in autonomous surgical robotics, the market is faced with challenges due to stringent regulatory frameworks. Regulatory bodies impose rigorous standards and requirements for the approval and deployment of robotic surgical systems. The complex nature of these devices demands thorough validation of safety, efficacy, and reliability before they can be introduced into clinical practice. Navigating through the regulatory approval process often entails significant time and financial investments for manufacturers, leading to delays in market entry and increased development costs.

  • High Cost of Acquisition of Robotic Surgical Systems and Associated Instruments and Accessories

Another significant restraint in the global autonomous surgical robotics market is the high cost associated with acquiring robotic surgical systems, as well as the necessary instruments and accessories. The initial investment required to purchase these sophisticated systems, along with ongoing maintenance expenses and the cost of consumables, can pose substantial financial challenges for healthcare institutions. Moreover, the need for specialized training programs for surgeons and support staff adds to the overall cost of implementation. As a result, many healthcare providers, particularly those in resource-constrained settings, may find it difficult to justify the expenditure required to adopt autonomous surgical robotics.

Challenge

  • Shortage of Skilled Personnel

The complexity of robotic surgical platforms requires specialized training for surgeons, nurses, and support staff to effectively utilize the technology. However, the demand for trained professionals often outpaces the supply, leading to a shortage of personnel proficient in robotic-assisted surgical techniques. Furthermore, the rapid pace of technological innovation in this field necessitates ongoing education and skill development to keep up with the latest advancements.

This global autonomous surgical robotics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global autonomous surgical robotics market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In September 2022, CMR Surgical Ltd. signed a two-year clinical study partnership contract with Institut Curie, France’s leading cancer research center, and ranked among the best cancer treatment centers in the world
  • In September 2022, Intuitive Surgical, Inc. announced that Japan’s Ministry of Health, Labour and Welfare (MHLW) had cleared the da Vinci SP surgical system for use in general surgeries, thoracic surgeries (excluding cardiac procedures and intercostal approaches), urologic surgeries, gynecological surgeries, and trans-oral head and neck surgeries. Intuitive Japan will launch the da Vinci SP surgical system in the near future

Global Autonomous Surgical Robotics Market Scope

The global autonomous surgical robotics market is segmented on the basis of type, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Surgical Systems
  • Instruments and Accessories
  • Services

Application

  • General Surgery
  • Urology Surgery
  • Gynecology Surgery
  • Orthopedic Surgery
  • Cardiology Surgery
  • Head and Neck (including Neurology) Surgery
  • Other surgeries

End User

  • Hospitals
  • Ambulatory Surgery Centers
  • Others

Global Autonomous Surgical Robotics Market Regional Analysis/Insights

The global autonomous surgical robotics market is analyzed and market size insights and trends are provided by country, type, application, and end user as referenced above.

The countries covered in the global autonomous surgical robotics market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Sweden, Denmark, Poland, Rest of Europe, Japan, China, Australia, New Zealand, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, Ethiopia and Rest of the Middle East and Africa.

North America is the region which dominating the global autonomous surgical robotics market  due to better healthcare systems and infrastructure, high adoption rate of new technology, the presence of well-established as well as emerging players in the region.  

Asia-Pacific region is the fastest growing region in the global autonomous surgical robotics market due to rising awareness for minimally invasive surgeries and increasing focus of prominent players on emerging markets.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.  

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global autonomous surgical robotics market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global autonomous surgical robotics market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the global autonomous surgical robotics market.

Competitive Landscape and Global Autonomous Surgical Robotics Market Share Analysis

The global autonomous surgical robotics market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global autonomous surgical robotics market.

Some of the major players operating in the global autonomous surgical robotics market are:

  • Stryker (U.S.)
  • Medtronic (Ireland)
  • Smith+Nephew (U.S.)
  • Intuitive Surgical Operation, Inc. (U.S.)
  • Johnson & Johnson Services, Inc. (U.S.)
  • Olympus Corporation (Japan)
  • Renishaw plc (U.K.)
  • ACCURAY Incorporated (U.S.)
  • Corindus Vascular Robotics Inc. (U.S.)
  • Aethon (U.S.)
  • Omnicell, Inc. (U.S.)
  • Asenus Surgical, Inc. (U.S.)
  • Globus Medical (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The Autonomous Surgical Robotics Market size will be worth USD 3.93 billion by 2031 during the forecast period.
The Autonomous Surgical Robotics Market growth rate is 13.80% during the forecast period.
The Increasing Use of Robotic-Assisted Surgery Driven by Upsurge in the Incidence of Chronic Diseases and Growing Adoption of Minimally Invasive Surgical Procedures by Geriatric Population are the growth drivers of the Autonomous Surgical Robotics Market.
The type, application, and end user are the factors on which the Autonomous Surgical Robotics Market research is based.
The major companies in the Autonomous Surgical Robotics Market are Stryker (U.S.), Medtronic (Ireland), Smith+Nephew (U.S.), Intuitive Surgical Operation, Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Olympus Corporation (Japan), Renishaw plc (U.K.), ACCURAY Incorporated (U.S.), Corindus Vascular Robotics Inc. (U.S.), Aethon (U.S.), Omnicell, Inc. (U.S.), Asenus Surgical, Inc. (U.S.), Globus Medical (U.S.).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials