Surgical Robots Market poised for steady growth driven by rising adoption in minimally invasive procedures

► Surgical Robots Market Poised for Significant Growth

The global surgical robots market is experiencing a transformative phase, with projections indicating a surge from USD 77.78 billion in 2023 to approximately USD 134.34 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 8.12% . This growth is driven by technological advancements, increased demand for minimally invasive procedures, and strategic collaborations among key industry players.

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► Competitive Landscape:

The market is characterized by the presence of prominent companies such as Intuitive Surgical, Medtronic, Stryker Corporation, Zimmer Biomet, and Johnson & Johnson. These organizations are investing heavily in research and development to enhance robotic surgical systems' capabilities. Notably, North America holds a significant share of the market, accounting for approximately USD 3.27 billion in 2022, due to its advanced healthcare infrastructure and high adoption rate of new medical technologies . The Asia-Pacific region is emerging as the fastest-growing market, with a projected CAGR of 23.32% during the forecast period, fueled by rapidly developing technology and increasing patient population in countries like India and China .

► Surgical Robots Market Regional Insights

United States: Growth, Opportunity, and Consolidation:

In the United States, the surgical robots market is witnessing substantial growth, with over 9 million robot-assisted surgeries performed in 2018, creating a market of USD 4.71 billion Companies like Intuitive Surgical have reported significant increases in revenue, with a 25% year-over-year rise, reaching USD 2.41 billion in Q4 2024 . Strategic partnerships and acquisitions are shaping the market landscape, exemplified by Stryker Corporation's acquisition of SERF SAS in March 2024 .

Asia-Pacific: Trends and Updation:

The Asia-Pacific region is experiencing rapid adoption of surgical robotics technology, driven by growing healthcare infrastructure, rising expenditure, and increased awareness of robotic-assisted procedures. In China, there are 170 da Vinci surgical robots that have performed over 170,000 surgeries . Collaborations between international manufacturers and local providers are promoting knowledge exchange, while favorable regulations ensure innovation and patient safety .

Europe: Opportunity and Trends:

Europe's surgical robots market is bolstered by technological advancements and strategic partnerships. The region has seen the introduction of innovative systems like the Symani surgical system, which became the first FDA-approved robot for microsurgery in April 2024 . Collaborations, such as the partnership between the Royal College of Surgeons (RCS) England and Intuitive Surgical, aim to enhance surgical training and education, driving advancements in robotic-assisted surgery .

Middle East and Africa: Growth and Consolidation:

The Middle East and Africa (MEA) surgical robots market generated a revenue of USD 289.5 million in 2023 and is expected to grow at a CAGR of 12.3% from 2024 to 2030 . Countries like the UAE are projected to register the highest CAGR in the region. Significant developments include the installation of a Da Vinci surgical robot at Busamed Gateway Private Hospital in South Africa in August 2024, representing a major advancement in the accessibility of advanced medical technology in Africa

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► Key Recent Developments :

In June 2024, Stryker Corporation announced a multi-year agreement with IRCAD North America to support the creation of a cutting-edge experiential education center in Charlotte, US .
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Medtronic entered into an asset purchase and license agreement with Titan Medical for certain intellectual property, enhancing its surgical robotics portfolio .
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Zimmer Biomet announced plans to acquire OrthoGrid Systems, an AI surgical guidance company, in August 2024, aiming to expand its market share in hip replacement procedures .

► Surgical Robots Market Segmentation

by Offering

Instruments & Accessories
Robotics Systems
Laparoscopic Robotic System
Orthopedic Robotic System
Neurosurgical Robotic System
Others
Services

The market is divided into three segments: Robotics Systems, Instruments & Accessories, and Services. Over the course of the forecast period, the surgical robots market is anticipated to be dominated by instruments and accessories. Consistent income production is driven by essential components that need to be replaced or sanitized after use, such as robotic arms, surgical instruments, and disposable accessories like curtains and trocars. The need for these tools keeps growing as robotic procedures become more prevalent in a variety of specialties, including general surgery, gynecology, urology, and orthopedics.

by Application

Neurology
Urology
Gynecology
Orthopedics
Others

by End User

Hospitals
Ambulatory Surgical Centers (ASCs)
Specialty Clinics

The market is divided into three segments: specialty clinics, ambulatory surgical centers (ASCs), and hospitals. Compared to specialist clinics and Ambulatory Surgical Centers (ASCs), hospitals typically have larger budgets and easier access to finance, making them more suited to invest in and maintain these expensive robotic equipment. Because hospital surgeries like cardiac, neurosurgery, and multi-organ procedures are so complex, it is necessary to use cutting-edge technologies like surgical robots to increase accuracy, reduce invasiveness, and improve patient outcomes. Because hospitals often treat more patients and conduct more surgeries, robotic systems are utilized more frequently, which makes the large initial expenditure justified.

For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-surgical-robots-market/22528/

► Surgical Robots Market Key Players

1. Intuitive Surgical (US)
2. Stryker Corporation (US)
3. Medtronic (US)
4. Auris Health(US)
5. Medrobotics Corporation(US)
6. Think Surgical(US)
7. Verb Surgical(US)
8. OMNIlife Science(US)
9. Zimmer Biomet (US)
10. Asensus Surgical(US)
11. Corindus Vascular Robotics(US)
12. Renishaw(UK)
13. CMR Surgical (UK)
14. Smith & Nephew(UK)
15. China National Scientific Instruments and Materials Corporation(China)
16. Microsure(Netherlands)
17. Preceyes BV (Netherlands)
18. Titan Medical (Canada)
19. Avateramedical Gmbh ( Germany)
20. Medicaroid Corporation(Japan)
21. Others

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