Surgical Robots Market to reach USD 18.4 billion by 2027

The surgical robots market is expected to grow at a CAGR of 16.6% in the forecast period.

The global surgical robots market is projected to reach USD 18.4 billion by 2027 from an estimated USD 8.5 billion in 2022, at a CAGR of 16.6% during the forecast period. The advantages of robotic-assisted surgery, technological advancements in surgical robots, the increasing adoption of surgical robots, improving reimbursement scenario, and the increase in funding for medical robot research are expected to drive the growth of surgical robots during the forecast period. On the other hand, the high cost of robotic systems is expected to restrain the growth of this market.

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Based on product & service, the robotic systems is expected to register the highest growth during the forecast period.

By product & service, the surgical robots market has been segmented into robotic systems, instruments & accessories, and services. The robotic systems segment is expected to register the highest growth during the forecast period. Factors such as the growing focus on adopting technologically advanced surgical robots and instruments among end users is propelling the growth of this segment.

Based on robotic systems, the orthopedic robotic system segment accounted for the second largest share of the market in 2021

By robotic systems, the surgical robots market has been segmented into laparoscopy robotic systems, orthopedic robotic systems, neurosurgical robotic systems, and other systems. In 2021, the orthopedic robotic system segment accounted for the second largest share of the surgical robots market. Increasing prevalence of obesity leading to rising demand for robotic orthopedic surgeries among hospitals and surgeons are supporting the growth of orthopedic robotic systems.

Based on application, the urological surgery segment accounted for the second largest share of the market in 2021

By application, the surgical robots market has been segmented into general surgery, urological surgery, gynecological surgery, orthopedic surgery, neurosurgery, and other applications. In 2021, the urological surgery segment accounted for the second largest share of the surgical robots market. Increasing number of robotic urological surgeries are performed to treat conditions such as prostate cancer surgery, kidney disease/cancer surgery, bladder cancer surgery, and urinary obstruction surgery, and other urological applications is expected to increase the demand for surgical robots.

Based on end user, the hospitals & clinics segment is expected to register the highest growth during the forecast period.

Based on end users, the market has been segmented into hospitals & clinics and ambulatory surgery centers. The hospitals & clinics segment is expected to register the highest growth during the forecast period. The increasing number of robotic assisted surgical procedures taking place in hospitals & clinics is expected to increase the adoption of surgical robots.

Surgical robots have revolutionized the field of medicine, offering precision, dexterity, and minimally invasive capabilities that have transformed surgical procedures. As technology continues to advance, the future of surgical robots holds immense promise for further enhancing patient outcomes and reshaping the landscape of healthcare.

One of the key trends driving the future of surgical robots is the integration of artificial intelligence (AI). AI algorithms can analyze vast amounts of patient data and medical literature, providing surgeons with real-time insights and decision support during procedures. This intelligence augmentation will enable more informed and personalized surgical approaches.

Teleoperation and remote surgery are also set to be major game-changers in the future of surgical robots. Surgeons will be able to perform complex procedures on patients located in distant or underserved areas, expanding access to specialized medical care and expertise globally.

Furthermore, advancements in haptic feedback technology will provide surgeons with a sense of touch during robot-assisted procedures. This tactile sensation will offer better control and perception, allowing for more delicate and intricate surgical tasks.

The future of surgical robots will see their applications extending beyond traditional operating rooms. Robots will play a role in microsurgery, ophthalmology, and even in intravascular procedures, reaching areas that were previously challenging for human hands to access.

Moreover, with the rise of 5G and wireless connectivity, surgical robots will become more agile and responsive. Reduced latency and improved data transmission will enable real-time communication between robots and surgeons, ensuring seamless and instantaneous control.

As the technology matures, the cost of surgical robots is expected to decrease, making them more accessible to healthcare facilities of varying sizes and resources.

In conclusion, the future of surgical robots is marked by the integration of AI, teleoperation, haptic feedback, and wider applications. These advancements will not only transform surgical practices but also democratize access to cutting-edge medical care. With ongoing research and innovation, surgical robots are poised to become an integral part of the healthcare ecosystem, driving better patient outcomes and shaping the future of medicine.

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This release was published on openPR.