Press release
AI-based Surgical Robots Market Poised to Hit $15.02 Billion by 2029 with Accelerating Growth Trends
AI-based Surgical Robots
AI-based Surgical Robots Market Size Growth Forecast: What to Expect by 2025?
The market size of surgical robots based on AI has seen robust growth in the last few years. The worth of this market is expected to increase from $6.72 billion in 2024 to $7.96 billion in 2025, with a compound annual growth rate (CAGR) of 18.4%. Factors that have contributed to this growth during the historical period include an aging population, a growing preference for minimally invasive surgeries, a hike in healthcare spending, emphasis on patient safety, and a higher occurrence of chronic illnesses.
How Will the AI-based Surgical Robots Market Size Evolve and Grow by 2029?
The market size for AI-based surgical robots is projected to experience substantial expansion in the upcoming years. It's anticipated to escalate to $15.02 billion by 2029, with a compound annual growth rate (CAGR) of 17.2%. This surge within the forecasted period can be linked to factors such as telemedicine and remote surgical procedures, heightened investment, burgeoning number of robotic surgeries, and lack of medical specialists. Key trends within this period encompass the integration of AI and machine learning, the use of Robotics-as-a-Service (RaaS), miniaturization and portability, surgical data analytics, personalized surgical planning, and interdisciplinary collaboration.
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What Drivers Are Propelling the Growth of AI-based Surgical Robots Market Forward?
The boom of the AI-Based surgical robots market is being influenced by the heightened use of technologically advanced robots in a myriad of applications by surgeons. Robots are automatic machines capable of executing previously set tasks. Alongside technological progress, AI technology is also being employed to bolster the efficacy, precision, and operational performance of robots. Several surgeries and specialties, including neurology, urology, ENT, thoracic surgery, colorectal surgery, among others, utilize AI-based surgical robots. For example, Oliver Wyman, a US-based business consulting firm, reported that in 2023, 2% of surgeries in Europe and approximately 15% in the US employed robotic surgery. The escalating adoption of these advanced robots by surgeons, therefore, fuels the expansion of the AI-Based surgical robot market.
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Which Emerging Trends Are Transforming the AI-based Surgical Robots Market in 2025?
The emergence of innovative products is a leading trend that is becoming increasingly prevalent in the AI-based surgical robots sector. To consolidate their standing in the industry, prominent corporations are investing in new product development. For example, in December 2022, Suzhou Kang Duo Robot Co., a medical firm based in China, unveiled the Kang Duo Surgical Robot-01 (KD SR 01). This device successfully executed a robot-assisted radical pyeloplasty. Surgeries conducted using the KD SR 01 were more efficient and showed improved outcomes compared to traditional techniques, such as laparoscopic surgery.
What Are the Key Segments in the AI-based Surgical Robots Market?
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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Who Are the Key Players Shaping the AI-based Surgical Robots Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth 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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