Surgical Robots Market Size, Share, & Forecast 2030

Meticulous Research®, a globally recognized leader in market research, proudly announces the release of its latest research report titled, 'Surgical Robots Market by Product & Service (Surgical Instruments & Accessories, Robotic Systems, Services), Application (Orthopedic, Obstetrics & Gynecological, Cardiovascular & Thoracic, Urology, General Surgery), End User - Global Forecast to 2030.'

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In this groundbreaking report, Meticulous Research® reveals that the global surgical robots market is poised to achieve a remarkable milestone, projected to reach $25.47 billion by 2030, exhibiting a robust CAGR of 15.4% during the forecast period from 2023 to 2030. The surge in market growth is attributed to the manifold advantages associated with robot-assisted surgery, a burgeoning number of surgical procedures, escalating investments in medical robot research, and improvements in reimbursements. Furthermore, the market is expected to experience substantial growth opportunities propelled by the escalating adoption of surgical robots in ambulatory surgery centers (ASCs) and emerging markets.

Surgical Robots Market: A Glimpse into the Future

This comprehensive study of the global surgical robots market meticulously analyzes key segments including product & service (surgical instruments & accessories, robotic systems & services), application (orthopedic, obstetrics & gynecological, cardiovascular & thoracic, urology, general surgery, and other applications), and end user (hospitals and ambulatory surgical centers). The report also conducts an in-depth evaluation of industry competitors, providing insights into their market shares at both global and regional levels.

Diving into the specifics, the surgical instruments & accessories segment is anticipated to dominate the market in 2023, fueled by technological advancements such as automated medical instruments with integrated cameras, computing technology, sensors, high-definition 3D imaging, robotic-controlled catheters, and remote navigation technology systems.

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In terms of application, the orthopedic surgery segment is poised to lead the global surgical robots market in 2023. The report highlights the widespread adoption of robotic surgery in various orthopedic subspecialties, particularly in total joint arthroplasty and knee, shoulder, and hip replacement procedures. Notably, the demand for surgical robots in orthopedic surgery is projected to remain robust, with global robot-assisted knee reconstruction surgeries expected to reach approximately 700,000 by 2030, as reported by the Medical Device Network.

The hospitals segment is anticipated to capture the largest market share in 2023 among end users. This dominance is attributed to the increasing number of surgical procedures, the growing preference for advanced surgical systems among surgeons, and rising investments in sophisticated surgical technologies.

Global Reach and Regional Dynamics

This research report provides an extensive analysis of major geographies, including North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa.

Notably, North America is expected to command the largest market share in 2023, followed by Europe and Asia-Pacific. The dominance of North America is primarily attributed to its well-established healthcare infrastructure, the presence of skilled medical professionals, and the growing preference for advanced surgical systems. Within North America, the U.S. is projected to lead the surgical robots market in 2023, driven by the increasing utilization of surgical robots in general surgeries, substantial healthcare expenditure, and the presence of key market players.

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Key Industry Players

The surgical robots market boasts the presence of key players such as Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Medtronic plc (U.S.), Smith & Nephew plc (U.K.), Zimmer Biomet Holdings, Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Asensus Surgical Inc. (U.S.), THINK Surgical, Inc. (U.S.), Renishaw plc (U.K.), Siemens Healthineers AG (Germany), and CMR Surgical (U.K.). These industry leaders are instrumental in driving innovation and shaping the future landscape of surgical robotics.

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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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