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AI-based Surgical Robots Market: Strong Growth Expected with a CAGR of 17.1% by 2029, Driven by Climate Change and Population Growth
AI-based Surgical Robots Market
Accelerated by aging population, rising healthcare expenditure, and an increasing prevalence of chronic diseases, the global AI-based surgical robots market is projected for significant growth, with promising growth trends like AI and machine learning integration, Robotics-as-a-service (RaaS), and surgical data analytics.
What Is The Projected Market Size Of The Global AI-based Surgical Robots Market And Its Growth Rate?
The AI-based surgical robots market size is projected for a significant increase over the coming years:
• From $6.72 billion in 2024 to an anticipated $8.02 billion in 2025, marking a compound annual growth rate (CAGR) of 19.3%.
• The market size is further expected to reach $15.1 billion by 2029, with a CAGR of 17.1%.
Factors contributing to this growth include telemedicine and remote surgery, increasing investment, an increase in robotic surgeries, and a shortage of medical professionals.
What Is Driving The Growth In The AI-based Surgical Robots Market?
The AI-based surgical robots market's growth is largely driven by the rising adoption of technologically advanced robots by surgeons. Advancements in AI technology have significantly improved the efficiency, accuracy, and performance of these robots, which are now being used across a range of surgeries such as neurology, urology, ENT, thoracic surgery, colorectal surgery. For instance, in 2023, robotic surgery was used in 2% of surgeries across Europe and about 15% in the US. The increasing use of these advanced robots across various applications is anticipated to drive market growth further.
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Who Are the Key Players Driving AI-based Surgical Robots Market Growth?
Key players 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.
What Are The Key Trends In The AI-based Surgical Robots Market?
Key trends shaping the AI-based surgical robots market include:
• AI and machine learning integration
• Robotics-as-a-service (raas)
• Miniaturization and portability
• Surgical data analytics
• Patient-specific surgical planning
• Interdisciplinary collaboration
What Are The Segments Of The Global AI-based Surgical Robots Market?
Major segments of the AI-based Surgical Robots Market include:
• Product: Services, Instrument and Accessories
• Application: Orthopedics, Neurology, Urology, Gynecology, Other Applications
• End User: Hospitals, Ambulatory Surgical Centers
Which Region Leads The AI-based Surgical Robots Market?
North America holds the largest share in the AI-based surgical robots market as of 2024, with the Asia-Pacific region expected to be the fastest-growing region in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The AI-based Surgical Robots Market Global Market Report?
- Market Size Analysis: Analyze the AI-based Surgical Robots Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the AI-based Surgical Robots Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall AI-based Surgical Robots Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the AI-based Surgical Robots Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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