Global Demand For Surgical Robots to grow up to USD 15.2 billion by 2031 - Surgical , Stryker Corporation , Medtronic , Smith & Nephew

The global surgical robots market was valued at USD 5.6 billion in 2021 and it is anticipated to grow up to USD 15.2 billion by 2031, at a CAGR of 10.1% during the forecast period.

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Surgical robots are essential to hospitals and ambulatory surgical centers as it helps doctors or healthcare professionals to perform complex procedures with more precision as compared with conventional or traditional techniques.

Market Trends and Drivers

Advantages of robotic-assisted surgery will fuels the market growth. Globally, the demand for minimally invasive surgeries (MIS) is on the rise mainly due to the advantages associated with these procedures, such as smaller incisions, fewer cuts, decreased scarring, reduced pain, increased safety, faster recovery periods, and considerable cost savings. Robotic minimally invasive surgery adds to these advantages by ensuring greater accuracy, repeatability, control, and efficiency Furthermore, by 2030, non-communicable diseases (NCDs) are projected to account for more than one-half of the disease burden in low-income countries and more than three-fourths in middle-income countries.

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In the geriatric population, NCDs account for more than 87% of the burden in low, middle, and high-income countries.

The high prevalence of chronic diseases, especially among the geriatric population, will considerably boost the number of surgical treatment procedures conducted and thus drive the demand and use of surgical sutures.

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Global Surgical Robots Market Segmentation

Component

Robot Systems
Instruments and Accessories

Application

Orthopedic Surgery
Neurosurgery
General Surgery
Gynecology Surgery
Urologic Surgery
Others

End-use

Hospitals
Ambulatory Surgical Centers (ASCs)

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Major Players in the Global Surgical Robots Market

The key players in the market are Stryker Corporation (US), Medtronic (Ireland), Smith & Nephew (UK), Zimmer Biomet (US), Asensus Surgical (Transenterix) (US), Corindus Vascular Robotics (US), Renishaw (UK), Auris Health (US), and Microsure (Netherlands) among others.

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