Surgical Robots Market

Surgical Robots Market Size:

The surgical robots market size reached US$ 5.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.7 Billion by 2032, exhibiting a growth rate (CAGR) of 15.7% during 2024-2032. The growing demand for minimally invasive surgeries (MIS), rapid technological advancements, prevalence of chronic diseases globally, and strong support from governments worldwide for the advancements of healthcare technologies are some of the major factors propelling the market growth.

Surgical Robots Market Analysis:

• Major Market Drivers: The ongoing push towards minimally invasive (MI) procedures, rising prevalence of chronic disease globally, and enhanced support and funding from governments worldwide for healthcare technologies, are some of the key drivers of the surgical robots market.
• Key Market Trends: One of the key trends is the integration of artificial intelligence (AI) to enhance the capabilities of surgical robots. Also, the range of applications and efficiency of these robots are increasing because of ongoing innovations in areas like improved imaging, precise tools, and control systems.
• Geographical Trends: North America is leading the market owing to the strong investment in healthcare technologies and the presence of prominent robotics companies. Other regions are also showing significant growth, fueled by rapid technological advancements and increasing healthcare spending.
• Competitive Landscape: Some of the major market players in the surgical robots industry include Accuray Incorporated, Auris Health Inc., CMR Surgical, Corindus Vascular Robotics, Intuitive Surgical, Maxar Technologies Limited, Mazor Robotics Ltd., Medrobotics Corporation, Medtronic, Smith & Nephew, among many others.
• Challenges and Opportunities: Some of the major challenges are the high initial costs associated with surgical robots and regulatory hurdles. Nonetheless, the sector is seeing a lot of potential due to the launch of cutting-edge financing options and a faster approvals procedure.
   

Surgical Robots Market Drivers:

Growing Demand for Minimally Invasive Surgeries

The increasing demand for minimally invasive surgeries (MIS) is a prominent factor in expanding the market for surgical robots. The IMARC Group's recent finding projects that by 2032, the MIS market will be worth USD 91.0 billion, growing at a rate of 6% per year. These procedures are highly sought after by both patients and medical professionals since they involve fewer incisions than standard surgeries, are less painful, entail shorter recovery times, and necessitate fewer hospital stays. Also, the market is expanding because of patients' increased awareness of the advantages of MIS, which has increased demand for surgical robots capable of carrying out these complex procedures with extreme precision and control. Additionally, MIS is associated with a lower risk of infections and postoperative complications, further encouraging the adoption of robotic systems in operating rooms across the globe.

Prevalence of Chronic Diseases

The need for these robots and complicated surgical operations is fueled by the prevalence of chronic diseases including diabetes, cancer, and cardiovascular problems worldwide. In the United States, six out of ten persons have a chronic illness, according to the Centers for Disease Control and Prevention (CDC). And 4 out of 10 people have more than two chronic conditions. Also, about 21% of the geriatric adults in India have at least one chronic disease. 17% of geriatric people in rural areas and 29% in urban areas suffer from at least one chronic disease. In this context, surgical robots are being used frequently to carry out precise and delicate surgeries, particularly in cardiology and oncology. By giving surgeons more dexterity and easier access to hard-to-reach places, these robots improve surgical results in the management of chronic illnesses.

Government Support and Funding

Government initiatives and funding have been pivotal in advancing the surgical robots market. For instance, the United States spent $4.5 trillion, or $13493 per person, on healthcare, a 4.1% rise. Furthermore, the European government allocated 1221 billion euros, or 7.7% of GDP, to health in 2022. These governments are also encouraging the use of cutting-edge surgical technologies by offering grants, subsidies, and advantageous laws. This assistance enables hospitals and other healthcare facilities to purchase expensive robotic devices that would not otherwise be possible due to their high initial costs. Furthermore, government-run healthcare initiatives frequently prioritize lowering medical expenses and enhancing surgical results, which is a perfect match with the advantages of robotic surgery.

Surgical Robots Market Opportunities:

Integration of Artificial Intelligence

The incorporation of artificial intelligence (AI) in surgical robots represents a notable technological advancement. It boosts the functionality of robotic systems with enhanced decision-making, real-time data analysis, and machine learning (ML) algorithms that tailor predictions to individual patient outcomes. This improvement is advantageous both before and after surgery, since it uses patient data to optimize care and increase surgical accuracy and efficacy. Furthermore, it is anticipated that robotic surgery will become more versatile and safe as AI technology develops and combines with surgical robots.

Technological Advancements

Surgical precision and flexibility have increased thanks to technological advancements in surgical robots, including enhanced haptic feedback mechanisms, complex end-effectors, and better imaging systems. Additionally, improvements in materials science have produced stronger, more accurate, and finer devices. These technological leaps not only expand the capabilities of surgical robots but also extend their applications to more complex surgeries, thus broadening the market share.

Collaboration of Players

The collaboration of key industry players, including technology developers, healthcare facilities, and academic institutions, facilitates the acceptance and advancement of surgical robots. For example, Accuray and Brainlab established a partnership in 2020 to enhance CyberKnife® Platform treatment capabilities for the neuro-radiosurgery industry. In addition to collaborations, partnerships are necessary for funding research, complying with legal obligations, and sharing technological know-how. They lead to innovations that improve robotic surgery systems' adaptability, security, and efficacy. Alliances and joint ventures may also speed up the adoption of these technologies in underdeveloped countries.

New Application Areas

Exploration of new application areas for surgical robots is expanding their utility beyond traditional fields. Robotic systems are being adapted for use in orthopedics, neurology, colorectal, hepatobiliary, pancreatic, gastric oncologic, bariatric, foregut, pediatric, endocrine, and even in remote surgeries where the surgeon can operate from a distance. This diversification not only enhances the sector’s growth but also opens up possibilities for customized robotic solutions tailored to specific surgical needs and practices, thereby increasing the accessibility and adoption of robotic surgeries across different medical fields.

Investment in Healthcare Sector

Investments in the healthcare sector by both private and public entities have greatly benefited the market for surgical robots. India, for example, received US$ 1275 million in 2016 in foreign direct investment (FDI) across the healthcare sector. In the UK, the average annual expenditure on health capital between 2010 and 2019 was £5.8 billion. This extra funding helps with the advancement and development of robotic systems as well as the infrastructure needed to support such cutting-edge technology. Additionally, hospitals are modernizing their facilities to accept new technology and investing in surgeon training programs, which in turn fuels the need for surgical robots.

Key Technological Trends & Development:

3D Technology

Surgical robots are being equipped with three-dimensional (3D) technology to enhance their vision during procedures. This gives surgeons a more accurate and detailed image of the operative site. 3D images and models direct the doctor's actions and judgments more precisely than conventional 2D systems, improving patient outcomes. This technology also facilitates complicated surgeries by providing better control over robotic equipment and an improved understanding of anatomy.

High Precision Robotic Surgical Navigation Devices

High-precision robotic surgical navigation devices are critical for improving the accuracy and outcomes of surgeries. These tools lower the margin of error and improve safety by offering precise, real-time guidance during procedures. Also, their ability to integrate with existing surgical systems and adapt to the unique demands of different surgeries makes them invaluable in the modern surgical landscape, fostering a higher adoption rate of robotic-assisted surgeries.

Integration of Ultrasonic Scalpels

Surgical robots with ultrasonic scalpels have improved control and precision, minimizing injury to surrounding tissues and minimizing blood loss during procedures. This technology utilizes ultrasonic vibrations to make incisions, offering a more refined alternative to traditional cutting methods. Furthermore, robotic accuracy combined with ultrasonic technology is a major development in surgical techniques, especially for intricate or delicate procedures.

da Vinci Surgical System

The da Vinci Surgical System is one of the latest and most prominent examples of success in the surgical robots sector. It is known for its precision, flexibility, and control. The da Vinci system allows surgeons to perform a wide range of complex procedures with enhanced vision, precision, and control. Additionally, the widespread adoption of this system across hospitals globally has not only proven the efficacy of robotic-assisted surgeries but also set a benchmark for innovation and quality in the field.

Miniaturization

Miniaturization of surgical robots is a key technological trend that is expanding their applications and efficiency. For example, in February 2024, a miniaturized robot called spaceMIRA completed its surgery demo in zero gravity aboard the International Space Station (ISS). These smaller, more compact robotic systems are easier to maneuver and can be used in compact spaces, making them ideal for surgeries requiring high precision and minimal invasion. Also, this trend towards smaller devices does not compromise their functionality but instead enhances their adaptability and integration into various surgical environments, promoting broader use and acceptance of robotic assistance in surgeries.

Surgical Robots Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product type, application, and end user.

Breakup by Product Type:

• Robotic System
• Instruments and Accessories
• Others
   

Instruments and accessories accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product type. This includes robotic system, instruments and accessories, and others. According to the report, instruments and accessories represented the largest segment.

Instruments and accessories are dominating the market, as they encompass tools and devices essential for robotic surgeries. This category includes various precision instruments and surgical accessories specifically designed to be compatible with robotic systems. These tools provide surgeons with enhanced dexterity and control during complex procedures, allowing for more precise and less invasive surgeries. Also, the design of these instruments maximizes the capabilities of robotic arms, offering greater range of motion and finer manipulation than is possible with human hands alone. Furthermore, this segment is critical for the functionality and efficiency of surgical robots, as it directly impacts the execution of surgical procedures.

Breakup by Application:

• Gynecology Surgery
• Urological Surgery
• Neurosurgery
• Orthopedic Surgery
• Others
   

Orthopedic surgery holds the largest share of the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes gynecology surgery, urological surgery, neurosurgery, orthopedic surgery, and others. According to the report, orthopedic surgery accounted for the largest market share.

Orthopedic surgery is the major segment because surgical robots enable precise bone cutting, optimal implant positioning, and MI procedures, which significantly improve patient outcomes. They also provide orthopedic surgeons with sophisticated tools and three-dimensional (3D) imaging technologies that enhance accuracy in implant alignments and cuts, crucial for the success of surgeries such as hip and knee replacements. Additionally, the use of these advanced technologies reduces the risk of post-operative complications, decreases the length of hospital stays, and results in faster recovery times and better functional outcomes for patients. Furthermore, the consistent precision of robotic systems helps in reducing variability among surgical outcomes, thus standardizing high levels of care.

Breakup by End User:

• Hospitals
• Ambulatory Surgical Centers
• Others
   

Hospitals represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the end user. This includes hospitals, ambulatory surgical centers, and others. According to the report, hospitals represented the largest segment.

Hospitals represent the largest end-user segment of the surgical robots market due to their critical role in adopting and integrating advanced medical technologies. Surgical robots are increasingly utilized in hospitals to perform a wide range of surgeries, offering high precision, reduced trauma, and better outcomes, which are crucial in a high-stakes environment. Additionally, the adoption of robotic systems in hospitals is driven by the need to enhance surgical efficiency, improve patient outcomes, and reduce operational costs over time. Also, hospitals benefit from surgical robots by attracting top-tier surgical talent, enhancing their reputation as leading healthcare providers, and ultimately increasing the volume of surgeries performed.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East
• Africa
   

North America leads the market, accounting for the largest surgical robots market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East, and Africa. According to the report, North America represents the largest regional market for surgical robots.

North America stands as a leading region in the global surgical robots market, driven by advanced healthcare infrastructure, strong investment in medical technology, and a robust framework for healthcare research and development (R&D). Additionally, the region is at the forefront, adopting surgical robotics at a rapid pace due to favorable regulatory environments, high healthcare spending, and a strong presence of leading robotics companies. Furthermore, it benefits from a well-established healthcare sector that supports innovation and adopts new technologies quickly. Moreover, the increasing demand for minimally invasive surgeries (MIS) among North American patients, who seek shorter recovery times and reduced surgical risks, is fueling the demand for surgical robots.

Analysis Covered Across Each Country:

• Historical, current, and future market performance
• Historical, current, and future performance of the market based on product type, application, and end user
• Competitive landscape
• Government regulations
   

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape covering market structure, market share by key players, market player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant, among others. Detailed profiles of all major companies have also been provided. This includes business overview, product offerings, business strategies, SWOT analysis, financials, and major news and events. Some of the major market players in the surgical robots industry include Accuray Incorporated, Auris Health Inc., CMR Surgical, Corindus Vascular Robotics, Intuitive Surgical, Maxar Technologies Limited, Mazor Robotics Ltd., Medrobotics Corporation, Medtronic, and Smith & Nephew. Major companies are continually investing in research and innovation to enhance the capabilities of their robotic systems. They are integrating advanced technologies like artificial intelligence (AI), machine learning (ML), and improved imaging techniques to make their robots more precise, intuitive, and capable of handling complex surgeries. Also, large firms are aiming to expand their technological capabilities and market reach quickly by acquiring smaller companies with unique technologies. Additionally, leading players are forming partnerships with hospitals, academic institutions, and other companies to enhance the development and deployment of their technologies. Moreover, they are also focusing on expanding their presence in emerging sectors where the demand for advanced surgical solutions is growing rapidly.

Analysis Covered for Each Player:

• Market Share
• Business Overview
• Products Offered
• Business Strategies
• SWOT Analysis
• Major News and Events
   

Surgical Robots Market News:

• In April 2024, Accuray opened a new training center in Genolier, Switzerland, that will act as an education hub for radiotherapy and radiosurgery product training. It will also be used for sharing best practices and innovative techniques using the latest model Accuray CyberKnife® and Radixact® Radiation Treatment Delivery Systems.
• In May 2022, Auris Health Inc, announced that its MONARCH Platform, which is a multispecialty, flexible robotic system, has received 510(k) clearance from the U.S. Food and Drug Administration for bronchoscopy and urology procedures.
   

Surgical Robots Market Report Scope:

Key Questions Answered in This Report:

• How has the global surgical robots market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global surgical robots market?
• What is the impact of each driver, restraint, and opportunity on the global surgical robots market?
• What are the key regional markets?
• Which countries represent the most attractive surgical robots market?
• What is the breakup of the market based on the product type?
• Which is the most attractive product type in the surgical robots market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the surgical robots market?
• What is the breakup of the market based on the end user?
• Which is the most attractive end user in the surgical robots market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global surgical robots market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the surgical robots market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global surgical robots market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the surgical robots industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.