Surgical Robots Market

Global surgical robots market is estimated to be valued at USD 7,268.9 Mn in 2024 and is expected to exhibit a CAGR of 13.7% during the forecast period (2024-2031). The global surgical robots market is expected to witness accelerated growth over the next decade driven by the increasing adoption of minimally invasive procedures, rising focus on medical robotics technology, and growing demand for precise surgeries across hospitals and healthcare facilities. Surgical robotics is transforming medical care by enabling surgeons to perform complex and delicate procedures with enhanced dexterity, precision, and control. Key players are actively engaging in research and development to develop technologically advanced robots integrated with augmented reality, computer-assisted surgery, and machine learning capabilities.

Market Dynamics:

The global surgical robots market is primarily driven by the rising prevalence of chronic diseases necessitating surgical interventions, growing prevalence of obesity leading to a rise in bariatric surgeries, increasing preference for minimally invasive surgeries (MIS) over open surgeries due to advantages like reduced hospital stay and recovery time, and rising geriatric population vulnerable to various medical conditions such as gynecologic oncology, otolaryngology. However, high costs associated with robotic systems, lack of reimbursement for robotic surgeries in some countries, and lack of skilled robot surgeons are some of the key factors expected to restrain the market growth. Meanwhile, ongoing technological advancements focused on developing affordable robots with augmented intelligence and expanding applications in non-invasive fields present lucrative opportunities for the players in the coming years.

Key Features of the Study:

• This report provides an in-depth analysis of the global surgical robots market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global surgical robots market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study Stryker, Intuitive Surgical, Think Surgical, Asensus Surgical US, Inc., Zimmer Biomet, Smith & Nephew, Novus Health Products, Medtronic, Renishaw plc, Medrobotics Corporation, DePuy Synthes, TransEnterix Surgical, Inc., SpineGuard, and Johnson & Johnson Services, Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global surgical robots market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global surgical robots market

Detailed Segmentation-

• By Product Type:
• • Instruments & Accessories
  • Robotic Systems
    • Da Vinci Surgical System
    • Rosa
    • Mako Rio
    • Robodoc
    • Others
• By Surgery:
• • Gynecology Surgery
  • General Surgery
  • Urology Surgery
  • Cardiovascular Surgery
  • Neurosurgery Surgery
  • Orthopedic Surgery
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • Stryker
  • Intuitive Surgical
  • Think Surgical   
  • Asensus Surgical US, Inc.
  • Zimmer Biomet 
  • Smith & Nephew
  • Novus Health Products 
  • Medtronic
  • Renishaw plc
  • Medrobotics Corporation
  • DePuy Synthes
  • TransEnterix Surgical, Inc.
  • SpineGuard
  • Johnson & Johnson Services, Inc.