The rising prevalence of degenerative bone diseases and the surge in hip and knee replacement surgeries are fueling the demand for surgical robots. Market leaders are leveraging this trend to develop micromanipulators for minimally invasive neurosurgery. Moreover, the growing acceptance of surgical robots, the rising number of surgical procedures, and increased funding for medical robot research are expected to further drive market growth. Furthermore, Surgical robots consist of a camera arm and mechanical arms with surgical instruments which are operated by the surgeons or the operator with the help of a computer device that offers HD-quality pictures and zoom out the 3-D view of the surgical site.
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Data Bridge Market Research analyses that the Surgical Robots Market USD 4.4 billion in 2022, is expected to reach USD 16.54 billion by 2030, at a CAGR of 18% from 2023 to 2030. The increasing number of regulatory approvals, such as Intuitive Surgical Inc's Ion robotic surgical system receiving FDA clearance, along with the growing adoption of assisted surgeries like hysterectomies, consistent authorizations, and investments in automated robotic systems, are driving the market growth.
Key Findings of the Study
Rising chronic diseases and an aging population is expected to drive the market's growth rate
The increasing prevalence of chronic diseases, including cardiovascular disorders and cancer, is a significant driver of the surgical robot market. As these diseases become more prevalent, there is a growing demand for precise and efficient surgical interventions. Surgical robots offer enhanced capabilities such as improved precision, visualization, and dexterity, allowing surgeons to perform complex procedures with greater accuracy and minimal invasiveness. This addresses the healthcare challenges associated with chronic diseases and the aging population, driving the adoption of surgical robots in the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Instruments, Robotic Systems, Accessories, and Services), Brands (DA Vinci Surgical System, CyberKnife, Renaissance, Artas, ROSA, Others), Application (General Surgery, Urological, Gynaecological, Gastrointestinal, Radical Prostatectomy, Cardiothoracic Surgery, Colorectal Surgery, Radiotherapy, Others), End-Users (Clinic, Hospital, Ambulatory Care Centers, Others)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Global in Global, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Intuitive Surgical Inc (U.S.), Stryker (U.S.), Medrobotics Corporation (U.S), Johnson & Johnson Private Limited (U.S.), Globus Medical (U.S.), NuVasive Inc. (U.S.), Smith + Nephew (U.K.), Titan Medical Inc. (Canada), TransEnterix Inc (U.S.), University of Pittsburgh Medical Center (U.S.), Mazor Robotics (Israel), Auris Health Inc. (U.S.), Corindus Inc. (U.S.), Renishaw plc (U.K.), Medineering GmbH (Germany), Medtronic (Ireland), Renishaw plc. (U.K.), Preceyes BV (Netherlands), MicroSure (Netherlands), avateramedical GmbH (Germany), Siemens (Germany)
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Data Points Covered in the Report
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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
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Segment Analysis:
The global surgical robots market is segmented on the basis of product type, brands, application, and end-users.
- On the basis of product type, the global surgical robots market is segmented into instruments, robotic systems, accessories, and services. The instruments segment is expected to dominate market with 59.3% shares due to the high demand for advanced surgical instruments and tools that enable precise and minimally invasive procedures, during the forecast period of 2023 to 2030.
In 2023 The Instruments segment of the product type segment is anticipated to dominate the global surgical robots
In 2023, the instrument segment is dominating the surgical robots market due to the increasing demand for advanced surgical instruments and tools. These instruments enable surgeons to perform precise and minimally invasive procedures, resulting in improved patient outcomes, reduced post-operative complications, and faster recovery times. The instrument Instruments segment is expected to dominate the market with 59.3% market.
- On the basis of brands, the global surgical robots market is segmented into Da Vinci surgical system, cyber knife, renaissance, Artas, Rosa, others. DA Vinci Surgical System is likely to dominate market with 79.6% shares owing to its advanced technology, superior precision, and widespread adoption in various surgical procedures, during the forecast period of 2023 to 2030.
In 2023, DA Vinci Surgical System is projected to hold the largest share of brands segment in the surgical robot market
In 2023, DA Vinci surgical system holds 79.6% market share due to its advanced technology, superior precision, and extensive use in a wide range of surgical procedures. It offers surgeons enhanced dexterity, 3D visualization, and precise movements, enabling them to perform complex surgeries with improved accuracy and patient outcomes in the forecast period of 2023 to 2030.
- On the basis of application, the global surgical robots market is segmented into general surgery, urological, gynecological, gastrointestinal, radical prostatectomy, cardiothoracic surgery, colorectal surgery, radiotherapy, others. General surgery segment is expected to dominate market with 31.2% shares because of the wide range of procedures performed under this category, and versatility and effectiveness of surgical robots in general surgery contribute to their high adoption and market dominance, during the forecast period of 2023 to 2030.
- On the basis of end-users, the global surgical robots market is segmented into clinic, hospital, ambulatory care centers, others. Hospitals have larger patient volumes and perform a wide range of surgical procedures, making them the ideal setting for the implementation of surgical robots. Additionally, hospitals have the infrastructure and resources to support the integration and maintenance of surgical robot systems, further contributing to their dominance in the market, during the forecast period of 2023 to 2030.
Major Players
Data Bridge Market Research recognizes the following companies as the major surgical robots market players in surgical robots market are Intuitive Surgical Inc (U.S.), Stryker (U.S.), Medrobotics Corporation (U.S), Johnson & Johnson Private Limited (U.S.), Globus Medical (U.S.), NuVasive Inc. (U.S.), Smith + Nephew (U.K.), Titan Medical Inc. (Canada), TransEnterix Inc (U.S.), University of Pittsburgh Medical Center (U.S.),
Market Development
- In February 2021, Medtronic made an acquisition of Digital Surgery, a surgical AI company focused on digital education, data analytics, and training. Through this acquisition, Medtronic aims to enhance its robot-assisted surgical platform and broaden its portfolio of robotic systems by incorporating Hugo, a newly developed robot.
- In 2022, BGS Beta-Gamma-Service GmbH & Co. KG expanded its laboratory in Wiehl to meet the increased demand for sterilization services in the biotechnology, medicine, and diagnostics sectors, specifically for radiation cross-linking.
- In 2022, Sterigenics expanded its electron beam facility in Columbia City, Indiana. This facility plays a critical role in providing E-beam sterilization services, ensuring the safety of medical devices and drug products.
- In 2021, STERIS completed the acquisition of Cantel, a leading provider of infection prevention services. This strategic acquisition strengthens STERIS' position in the field of infection prevention by combining two complementary businesses.
- In 2020, STERIS expanded its facility in Thailand to include X-ray sterilization capabilities alongside its existing gamma irradiation services. This expansion enhances STERIS' product portfolio, offering customers a wider range of sterilization options.
Regional Analysis
Geographically, the countries covered in the surgical robots market market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in surgical robots market during the forecast period 2023 - 2030
North America's dominance in the surgical robots market can be attributed to the presence of major market players and ongoing advancements in robotics. The region benefits from a high prevalence of chronic disorders, driving the adoption of automated surgical equipment and fueling market growth. With a strong market presence and continuous innovation, North America remains at the forefront of the surgical robots industry, offering advanced solutions to address the growing healthcare needs of patients with chronic conditions.
Asia-Pacific is estimated to be the fastest growing region in surgical robots market the forecast period 2023 - 2030
Asia-Pacific is expected to grow during the forecast period due to the presence of major market players and rapid development of medical facilities in emerging economies in this region. In addition to this, rising level of healthcare expenditure and increasing per-capita income are expected propel the market's growth rate in this region.
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