Surgical Robots Market Size Trends, Growth Factors | Global Market to Reach USD 18.46 billion by 2030

Surgical Robots Market Overview and Scope

The market size of surgical robots was valued at USD 4.52 billion in 2022 and is projected to reach USD 18.46 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 19.2% during the forecast period from 2023 to 2030.

Surgical robots have emerged as a significant technological advancement in the field of healthcare. With their precise and minimally invasive capabilities, these robots have revolutionized surgical procedures, enhancing patient outcomes and reducing recovery time. As a result, the demand for surgical robots has witnessed substantial growth, leading to a substantial market expansion.

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The projected growth in the surgical robots market is primarily driven by several factors. Firstly, the increasing prevalence of chronic diseases and the rising geriatric population have amplified the need for advanced surgical procedures. Surgical robots offer unparalleled precision and dexterity, enabling surgeons to perform complex surgeries with utmost accuracy. This factor has significantly contributed to the market's expansion.

Moreover, the growing adoption of minimally invasive surgeries has further propelled the demand for surgical robots. These robots enable surgeons to access hard-to-reach areas with minimal incisions, resulting in reduced trauma, faster recovery, and improved patient satisfaction. As a result, healthcare providers are increasingly incorporating surgical robots into their practices, driving market growth.

Furthermore, technological advancements in surgical robots have played a pivotal role in expanding their applications. The integration of artificial intelligence, machine learning, and advanced imaging systems has enhanced the capabilities of surgical robots, enabling them to perform intricate procedures with enhanced precision. This has not only increased the efficiency of surgeries but has also reduced the risk of human error, thereby boosting the market's growth potential.

Major Players Listed in the Report are as Follows:
Stryker Corporation, Intuitive Surgical, Smith & Nephew, TransEnterix Surgical Inc., Medrobotics, Zimmer Biomet, Renishaw plc., THINK Surgical Inc., Medtronic, and other players.

Surgical Robots Market Segmentation as Follows:

By Component
• Accessories
• Systems
• Services

By Surgery Type
• Gynecology Surgery
• General Surgery
• Neurosurgery
• Orthopedic Surgery
• Other Surgeries
• Urology Surgery

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Geographically, North America currently dominates the surgical robots market, owing to the presence of well-established healthcare infrastructure and a high adoption rate of advanced medical technologies. However, the Asia Pacific region is expected to witness significant growth during the forecast period. Factors such as the rising healthcare expenditure, increasing awareness about robotic-assisted surgeries, Furthermore, the growing geriatric population and the need for minimally invasive procedures are also contributing to the expansion of the surgical robots market in the Asia Pacific region.

Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Surgical Robots Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter's 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Surgical Robots Market Segmentation, By Component
Chapter 9 Surgical Robots Market Segmentation, By Surgery Type
Chapter 10 Regional Analysis
Chapter 11 Company profile
Chapter 12 Competitive Landscape
Chapter 13 Use Case and Best Practices
Chapter 14 Conclusion

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This release was published on openPR.