Major Force in the Surgical Robots Market 2025: Surge In Elderly And Surgical Patient Populations Fuels Growth Of Surgical Robot Market

How Will the Surgical Robots Market Grow, and What Is the Projected Market Size?
There has been a notable expansion in the market size of surgical robots in the past few years. The market is expected to rise from $7.87 billion in 2024, reaching $9.25 billion in 2025, with a compound annual growth rate (CAGR) of 17.6%. The substantial growth observed in the past can be linked to growing incidence of chronic ailments, an aging global population, the necessity for high precision and accuracy, escalated healthcare expenditure, and an increase in robotic-assisted surgeries.

The market for surgical robots is predicted to undergo a swift expansion in the coming years, reaching a valuation of $18.05 billion by 2029, with a compound annual growth rate (CAGR) of 18.2%. This growth during the forecasted period is due to a range of factors including the broadening scope of robotic surgery, the escalated adoption in evolving markets, an increased demand for remote surgical solutions, and trends towards customization and personalization, all supported by regulatory approvals and standards. Significant developments predicted for the forecast period are the incorporation of AI for enhanced surgical accuracy, the emergence of miniaturized surgical robots, advancements in telesurgery and remote surgical capacities, a rise in the implementation of robotics in non-invasive surgeries, and the application of haptic feedback technology.

What Key Elements Are Boosting Growth in the Surgical Robots Market?
The surgical robot market is anticipated to be bolstered by the rising numbers of elderly and surgical patients. The burgeoning demographics of elderly and surgery-required patients significantly influence the application and advancement of surgical robots. These robots perform minimally invasive surgeries, which help to decrease patient distress, reduce recovery duration, and lower complication percentages- advantages which are vital for reducing mortality and morbidity rates in the elderly. For instance, by 2030, according to estimates from the World Health Organization (WHO), a Switzerland-based Intergovernmental organization in 2024, 1 in every 6 people worldwide will be at least 60 years old. From 1 billion in 2020, the population of people aged 60 and above is projected to increase to 1.4 billion. By 2050, this figure is anticipated to multiply, reaching 2.1 billion globally. Additionally, the American Joint Replacement Registry's Annual Report for 2022, published in November 2022, revealed that the number of hip and knee arthroplasty cases in the US was approximately 2.8 million in 2022, marking a 14% growth from the previous year. Hence, the escalating figures of elderly individuals and surgical patients are propelling the surgical robot market.

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Who Are the Major Industry Players Fueling Surgical Robots Market Expansion?
Major companies operating in the surgical robots market include Stryker Corporation, Medrobotics Corporation, Smith & Nephew plc, TransEnterix Inc., Renishaw plc, Intuitive Surgical Inc., Medtronic plc, THINK Surgical Inc., Zimmer Biomet Holdings Inc., Johnson & Johnson, Titan Medical Inc., Mazor Robotics Ltd., KUKA Aktiengesellschaft, Avatera Medical GmbH, Corindus Vascular Robotics Inc., MicroSure (Pty) Ltd, Asensus Surgical Inc., Siemens Healthcare GmbH, CMR Surgical Ltd., Auris Health Inc., Verb Surgical Inc., OMNIlife Science Inc., Vicarious Surgical Inc., Microbot Medical Inc., Virtual Incision Corporation, Memic Innovative Surgery Ltd., XACT Robotics Ltd., EndoMaster Pte. Ltd., MST Medical Surgery Technologies Ltd., Medtech SA

Which Key Developments Are Influencing the Surgical Robots Market?
Leading firms in the surgical robot market are concentrating on creating innovative systems such as Versius from CMR Surgical, which uses distinctive features to improve robot-assisted surgery. Versius® is a modular surgical robot produced by CMR Surgical meant to support surgeons in conducting minimally invasive surgeries across different fields. For instance, CMR Surgical, a medical equipment manufacturer from the UK, introduced the Versius® Surgical Robot in June 2023. The launch showcased the robot's adaptability and superior abilities, intending to enhance surgical results and promote the use of robotic-assisted surgeries in regional hospitals.

How Is the Segmentation of the Surgical Robots Market Defined?
The surgical robots market covered in this report is segmented -

1) By Component: Systems, Accessories, Services
2) By Surgery Type: Gynecology Surgery, Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Other Surgeries
3) By End-Users: Clinic, Hospital, Ambulatory Care Centers, Other End Users

Subsegments:
1) By Systems: Robotic Surgical Systems, Robotic Arm Systems, Tele-surgery Systems, Modular Robotic Systems
2) By Accessories: Surgical Instruments, Camera Systems, Console And Control Units, Power Supply Units
3) By Services: Installation And Training Services, Maintenance And Repair Services, Technical Support Services, Upgrades And Software Services

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What Is the Leading Region in the Surgical Robots Market?
The countries covered in the surgical robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Is Covered In The Surgical Robots Global Market Report?

- Market Size Analysis: Analyze the Surgical Robots Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the 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 Surgical Robots Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Surgical Robots Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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