Global Surgical Robots Market Insights Forecasts to 2030

• The Surgical Robots Market Size was valued at USD 4.6 Billion in 2021.
• The Market is growing at a CAGR of 20.1% from 2022 to 2030.
• The Worldwide Surgical Robots Market size is expected to reach USD 18.4 Billion by 2030.
• Asia Pacific is expected to grow the fastest during the forecast period.

The Global Surgical Robots Market Size is expected to reach USD 18.4 Billion by 2030, at a CAGR 20.1% during the forecast period 2022 to 2030.  The increasing investments by the regional and international players in the introduction of new and technologically advanced surgical robots are also positively impacting the market growth.

Market Overview

Usually, surgical robots are used for minimally invasive surgeries conducted through small incisions. Moreover, some conventional open surgical procedures can be performed using surgical robots. Accuracy could be obtained throughout surgeries using surgical robots in the anatomical region which is extremely challenging for human surgeons to perform. Surgical robots are designed to address the difficulties of invasive surgeries and are employed to improve the results of open surgical procedures. Robotic surgery is employed in different areas such as cardiovascular, orthopedics, neurosurgery, general surgery, gynecology, and obstetrics, even in anatomical areas that are difficult to reach by human surgeons, thus the surgical robots can perform complex procedures with geometrical precision.  As a result, increasing demand and the adoption of minimally forward surgeries is one of the key drivers for the growth of the surgical robots market. Surgical robots have artificial arms with surgical equipment and a camera arm that can be operated by a surgeon from the compute comfort that provides a magnified, high-definition 3-D picture of the surgical site. The main drivers of the surgical robots market is the increasing need for automation in the healthcare industry and the shifting trend towards advanced robotic surgeries which may boost the market growth.

Report Coverage

This research report categorizes the global surgical robots market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global surgical robots market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the global surgical robots market. Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market.

Driving Factors

Technological advancement is the major market drive for the surgical robot, and an increase in road accidents is anticipated to fuel the market growth during the forecast period. For example, in 2018, the organization for secure International Road Travel (ASIRT) estimates that between 20 to 30 million people were injured or declared disabled in road accidents globally, thus the demand for better aesthetics and the increasing accidental ratios would boost the market growth. Moreover, several organizations operating in the segment have been approved by FDA for advanced R&D in robotics automation and image-guided surgery using cutting-edge technological support is expected to propel the growth of the market over the forecast period. As a result, these types of benefits of surgical robots, as well as rising demand for better, faster healthcare services, are anticipated to drive the growth of the market during the forecast period.

Restraining Factors

Major factors involved in the surgical robot market that can hamper the growth of the market during the forecast period such as possible inadvertent cuts, loss of a large amount of blood, tears, burns, punctures, or other injuries to organs & high cost of the instruments may restrict the adoption of the instruments. Moreover, robot surgeries are more expensive than minimally invasive surgeries which are recommended by the American Congress of obstetricians and gynecologists that robotic hysterectomy should only be used for unusual and complex clinical conditions. A further factor that will have an effect on the surgical robots market will be impacted by the rising number of deaths and injuries brought on by robotic surgeries. Furthermore, untapped countries such as Brazil, India, China, and other emerging nations will produce lucrative opportunities in the robotic surgery market.

Market Segmentation

In 2021, the neurosurgery segment is dominating the market with the largest market share over the forecast period.

Based on system application, the surgical robots market is segmented into General Surgery, Gynaecological Surgery, Orthopaedic Surgery, and Neurosurgery. Among these, neurosurgery is expected to expand the growth of the market owing to the increasing usage of robots in neurosurgeries procedures due to the benefits provided by surgical robots over conventional surgical techniques which are projected to accelerate the growth of the segments. The increasing incidence of neurological disorders such as strokes, neurodegenerative disease, epilepsy, chronic migraine &others, and also the increasing adoption rate of innovative technologies by physicians. Furthermore, in addition, the developments in this region have been providing the market needed boost. For example, in February 2021, the FDA 510 (k) clearance for Aesculap, Inc.’s announced DIR800 3D digital infrared fluorescence, this innovation is used in neurosurgery to view intraoperative blood flow in the cerebral vascular area including, but not limited to, assessing cerebral aneurysm and vessel branch occlusion, as well as patency.

In 2021, The hospital segment is dominating the market over the forecast period.Based on the end users, the surgical robots market is segmented into hospitals, clinics, ambulatory surgery centers, and others. due to the rising healthcare investment in various economies and the hospitals being equipped with advanced surgical robots to improve the quality of care and patient outcomes the hospital segment is expected to hold the majority market share in 2021.

Regional Segment Analysis of the surgical robots market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is dominating the market with the largest market share of 49.8% during the forecast period

North America accounts for the largest market share of over 49.8% in 2021 due to an increase the use of automated surgical equipment, through that the United States is developing more next generation healthcare facilities. Also, the regional market is expected to be driven by the shortage of healthcare professionals & surgeons as per the patient population in the U.S. Moreover, the increased prevalence of chronic disorders such as cancer, diabetes, and cardiovascular diseases in the U.S. is increasing the adoption of automated surgical equipment, which is driving the market in this region. Among the major key factors to dominating the market growth of the North America Region is to increase in installed capacity of surgical robots, led by a large end-user base of hospitals and ambulatory surgery centers.

Asia Pacific is expected to register a higher market growth during the forecast period due to an increase in the geriatric population is likely to boost the number of orthopedic, neurological, and urological disorder cases. In turn, this is anticipated to increase the number of robotic surgeries performed in the region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global surgical robots market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Stryker Corporation
• Medrobotics
• Smith & Nephew
• TransEnterix Surgical, Inc.
• Renishaw plc.
• Intuitive Surgical, Inc.
• Medtronic
• THINK Surgical, Inc.
• Zimmer Biomet

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• On May 2022, Globus Medical launched surgeries using Excelsius3D, an intelligent, intraoperative 3 in 1 imaging platform with the least invasive techniques. The company will be able to improve its surgical outcomes product portfolio.

• On June 2022, BGS Beta-Gamma-Service GmbH & Co. KG expanded its laboratory in Wiehl to meet the increased need for sterilization services in the sectors of biotechnology, medicine, and diagnostics for radiation cross-linking.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Global Surgical Robots Market based on the below-mentioned segments:

Global Surgical Robots Market, By Application

• General Surgery,
• Gynaecological Surgery
• Orthopaedic Surgery
• Neurosurgery

Global Surgical Robots Market, By Product & Service Type

• Instrument & Accessories
• Robotic Systems
• Services

Global Surgical Robots Market, By End Users

• Hospital, Clinics
• Ambulatory Surgery Centres
• Others

Global Surgical Robots Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa