Press release
AI-based Surgical Robots Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
AI-based Surgical Robots Market
The Business Research Company offers in-depth market insights through AI-based Surgical Robots Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The ai-based surgical robots market size has grown exponentially in recent years. It will grow from $5.73 billion in 2023 to $6.88 billion in 2024 at a compound annual growth rate (CAGR) of 20.0%. The growth in the historic period can be attributed to aging population, demand for minimally invasive surgery, rise in healthcare expenditure, need for patient safety, increased prevalence of chronic diseases.
The ai-based surgical robots market size is expected to see rapid growth in the next few years. It will grow to $13.12 billion in 2028 at a compound annual growth rate (CAGR) of 17.5%. The growth in the forecast period can be attributed to telemedicine and remote surgery, increasing investment, increasing number of robotic surgeries, shortage of medical professionals, . Major trends in the forecast period include ai and machine learning integration, robotics-as-a-service (raas), miniaturization and portability, surgical data analytics, patient-specific surgical planning, interdisciplinary collaboration.
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Market Segmentation:
The main product in AI based surgical robotics markets are services, instrument & accessories. Services include such as capture and analyzing patient information for initial diagnosis and assisting surgeons with complex surgeries. The various applications include orthopedics, neurology, urology, gynecology, and others. These are used by hospitals and ambulatory surgical centres.
Major Driver - Adoption Of Technologically Advanced Robots By Surgeons Drives Growth Of AI-Based Surgical Robots Market
The increase in the adoption of technologically advanced robots by surgeons for various applications has contributed to the growth of the AI-based surgical robots market. Robots are automated machines that can perform pre-programmed tasks. With the advancement in technology AI technology is also being used to improve, the efficiency, accuracy, and performance of robots. AI-based surgical robots are used in various surgeries and specialties such as neurology, urology, ENT, thoracic surgery, colorectal surgery, and others. For instance, in 2023, according to Oliver Wyman, a US-based management consulting firm, robotic surgery is used in 2% of surgeries across Europe and about 15% in the US . Therefore, the increasing adoption of technologically advanced robots by surgeons for various applications is driving the growth of the AI-based surgical robot market.
Competitive Landscape:
Major companies operating in the ai-based surgical robots market include Accuray Incorporated, Intuitive Surgical Inc., Medtronic plc, Medrobotics Corporation, Zimmer Biomet Holdings Inc., Stereotaxis Inc., Transenterix Inc., Stryker Corporation, Activ Surgical Inc., Titan Medical Inc., CMR Surgical Inc., Smith and Nephew plc, Auris Health Inc., Corindus Vascular Robotics Inc., EndoMaster Pte Ltd., Freehand 2010 Ltd., Globus Medical Inc., Hansen Medical Inc., Johnson & Johnson, Memic Innovative Surgery Ltd., Microbot Medical Inc., Neural Analytics Inc., Renishaw plc, Restoration Robotics Inc., Synaptive Medical Inc., Think Surgical Inc., XACT Robotics Ltd., Zavation Medical Products LLC, Vicarious Surgical Inc., Asensus Surgical Inc., Brainlab AG, Corin Group plc, IMRIS Inc.
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Top Trend - New Product Development Advancements In Ai-Based Surgical Robots Market
The development of new products is a key trend gaining popularity in the AI-based surgical robot's market. Major companies operating in the market are developing new products to strengthen their position in the market. For Instance, in December 2022, Suzhou Kang Duo Robot Co., a China-based medical company, launched Kang Duo Surgical Robot-01 (KD SR 01). The device completed a robot-assisted radical pyeloplasty. These surgeries performed by the KD SR 01 required less time and have demonstrated advantages over conventional methods such as laparoscopic surgery.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. AI-based Surgical Robots Market Characteristics
3. AI-based Surgical Robots Market Trends And Strategies
4. AI-based Surgical Robots Market - Macro Economic Scenario
5. AI-based Surgical Robots Market Size And Growth
…..
27. AI-based Surgical Robots Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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