Press release
AI-based Surgical Robots Market Insights 2025-2034: Growth Forecast and Strategic Priorities
AI-based Surgical Robots
AI-based Surgical Robots Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for AI-based surgical robots has seen quick expansion in the recent past. It is projected to rise from $6.72 billion in 2024 to $8.02 billion in 2025, with a compound annual growth rate (CAGR) of 19.3%. Factors like increasing elderly population, requirement for less invasive surgical methods, escalation in healthcare spending, the necessity for patient safety, and the growing prevalence of chronic diseases contributed to the growth in the historical period.
AI-based Surgical Robots Market Size Forecast: What's the Projected Valuation by 2029?
The market size for AI-based surgical robots is predicted to experience swift expansion in the coming years. It is forecasted to achieve a valuation of $15.1 billion in 2029, climbing at a compound annual growth rate (CAGR) of 17.1%. This growth during the forecast period can be traced back to factors like the rise of telemedicine and remote surgery, surging investments, an increase in the occurrence of robotic surgeries, and a deficit of medical professionals. Noteworthy trends expected to emerge during the prescribed period consist of integration of AI and machine learning, robotics-as-a-service (raas), downsizing and mobility, surgical data analytics, patient-oriented surgical planning, and interdisciplinary cooperation.
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What Are the Drivers Transforming the AI-based Surgical Robots Market?
The AI-based surgical robots market has been experiencing growth due to the enhanced adoption of technologically sophisticated robots by surgeons for a range of tasks. Robots, being automated machines, are designed to carry out set tasks. With the progression of technology, AI is now being employed to boost the efficiency, precision, and functionality of these robots. These AI-integrated surgical robots are utilized in an array of operations and specializations including neurology, urology, ENT, thoracic surgery, colorectal surgery among others. As an example, in 2023, robotic surgery was utilized in 2% of surgeries throughout Europe and roughly 15% in the US, according to Oliver Wyman, a US management consulting firm. Consequently, this rise in the adoption of high-tech robots for a variety of applications by surgeons is fueling the growth of the AI-based surgical robot market.
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What Long-Term Trends Will Define the Future of the AI-based Surgical Robots Market?
The evolution and introduction of innovative products present a significant trend in the AI-based surgical robots market. Large enterprises in the sector are focusing on new product development to bolster their market standing. For example, Suzhou Kang Duo Robot Co., a medical firm based in China, unveiled the Kang Duo Surgical Robot-01 (KD SR 01) in December 2022. This tool allowed for the execution of a robot-assisted radical pyeloplasty, and surgeries conducted by the KD SR 01 shown to be quicker and more effective than traditional methods like laparoscopic surgery.
Which Segments in the AI-based Surgical Robots Market Offer the Most Profit Potential?
The AI-based surgical robots market covered in this report is segmented -
1) By Product: Services, Instrument and Accessories
2) By Application: Orthopedics, Neurology, Urology, Gynecology, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers
Subsegments:
1) By Services: Installation and Commissioning Services, Training and Support Services, Maintenance and Repair Services
2) By Instruments and Accessories: Surgical Instruments, Vision Systems and Cameras, Software for Surgical Planning and Navigation, Consumables and Disposable Accessories, Integration Solutions, Specialized Robotic Systems
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Which Firms Dominate the AI-based Surgical Robots Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the AI-based Surgical Robots Market?
North America was the largest region in the AI-based surgical robots market in 2024. Asia-Pacific is expected to be the fastest-growing region in the AI-based surgical robots market share during the forecast period. The regions covered in the AI-based surgical robots market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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