Surgical Robots Market Value to Reach US$ 20.8 Bn by 2031, As per TMR Report

The global industry reached a value of US$ 7.9 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.1% from 2023 to 2031, surpassing US$ 20.8 billion by the end of 2031. This growth is driven by the increasing demand for minimally invasive surgeries and rising per capita healthcare expenditure. Additionally, improvements in healthcare infrastructure and a growing preference for technology-driven solutions are contributing to market expansion. Increased awareness about pain-free and highly efficient robot-assisted surgeries is creating lucrative opportunities for companies operating in this global market.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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Surgical robots are advanced machines designed to aid surgeons during operations. They are computer-controlled devices capable of performing surgical tasks with exceptional precision and accuracy.

Comprising components like a control console, robotic arms, and an endoscopic camera, these robots find application across diverse surgical procedures, including urological, gynecological, cardiothoracic, and general surgeries. They are particularly valuable in prostatectomy and hysterectomy procedures.

In recent years, the healthcare sector has witnessed a surge in the adoption of surgical robots due to their numerous benefits. These include smaller incisions, reduced blood loss, lower risk of infection, and faster recovery times. Furthermore, surgical robots contribute to improved surgical outcomes, leading to reduced complications and enhanced patient recovery.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Accuray Incorporated, Asensus Surgical, Inc., Johnson & Johnson Services, Inc., Intuitive Surgical, KUKA AG, Medtronic, Renishaw plc, Smith+Nephew, Stryker, Zimmer Biomet, Avateramedical GmbH, and Hiwin Corporation

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Component

Systems
Instruments & Accessories
Services

Application

Gynecological Surgery
Urological Surgery
General Surgery
Orthopedic Surgery
Others (Neurosurgery, etc.)

End-user

Hospitals
Ambulatory Surgical Centers

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐌𝐢𝐧𝐢𝐦𝐚𝐥𝐥𝐲 𝐈𝐧𝐯𝐚𝐬𝐢𝐯𝐞 𝐒𝐮𝐫𝐠𝐞𝐫𝐢𝐞𝐬 𝐅𝐮𝐞𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐫𝐨𝐠𝐫𝐞𝐬𝐬

Medical robotic systems are extensively utilized for minimally invasive surgeries in gynecology and cosmetology. These computer-assisted surgical systems are in high demand for various procedures including open surgeries, laparoscopic procedures, and flexible endoscopic procedures.

The adoption of minimally invasive robotic techniques results in fewer complications, reduced pain, and lower risk of infections. Patients undergoing these surgeries experience faster recovery times and shorter hospital stays compared to traditional treatments. These advantages are driving the widespread acceptance and implementation of medical robotic systems across healthcare facilities.

Surgeons are increasingly embracing minimally invasive surgical (MIS) techniques for procedures such as appendectomy, hysterectomy, gastric bypass, prostatectomy, colectomy, and myomectomy. The number of laparoscopic hysterectomy procedures is expected to rise in the forecast period due to the growing utilization of surgical robotic systems.

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
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𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In February 2023, Asensus Surgical, Inc. unveiled a new era of surgery called Performance-Guided Surgery. This includes a next-generation surgical platform, real-time intraoperative clinical intelligence, and a secure cloud platform to apply machine learning for delivering clinical insights, thus enabling the company's vision of digital surgery. The platform aims to revolutionize the way surgery is performed and ultimately the way patients are treated. The LUNA Surgical System, the company's next-generation digital surgery platform, is currently under development.

In December 2022, Medtronic announced enrollment of its first patient in the Expand URO U.S. clinical trial for the Hugo robotic-assisted surgery (RAS) system. Dr. Michael R. Abern at the Duke University Hospital in Durham, N.C., carried out the robotic-assisted prostatectomy procedure.

On May 2, 2022, Auris Health, Inc., a subsidiary of Johnson & Johnson, announced the FDA clearance for its Monarch robotic surgery system. The system allows the robot to be used in kidney stone removal procedures. Monarch robotic surgery system is the first and only flexible and multispecialty robotic solution that can be used in both urology and bronchoscopy.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Analysis of market dynamics including drivers, challenges, and trends.
Assessment of market segmentation based on service type, sourcing type, application, industry vertical, and region.
Evaluation of competitive landscape, key players, and recent developments in the market.
Projection of market size and growth prospects for the forecast period.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐂𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐓𝐫𝐢𝐚𝐥𝐬 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/08/2623389/0/en/Clinical-Trials-Support-Services-Market-Value-to-Reach-US-48-5-Bn-by-2033-as-per-TMR-Report.html

𝐂𝐨𝐛𝐚𝐥𝐭-𝐟𝐫𝐞𝐞 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/08/2623135/0/en/Cobalt-free-Battery-Market-Value-to-reach-US-2-8-Bn-by-2031-as-per-TMR-Report.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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This release was published on openPR.