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Surgical Robots Industry Research Report 2023-2030: Global Market to Witness a CAGR of 17.16% with Medtronic, Intuitive Surgical, and Stryker Leading -

The "Surgical Robots Market, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis" report has been added to's offering.

The global surgical robots market will reach US$ 16.51 billion in 2030 from US$ 4.65 billion in 2022, expanding at a CAGR of 17.16%, according to the report.

Instruments and accessories have the highest share in the global surgical robotics market

Instruments and accessories dominate the surgical robotics market due to the high demand for compatible products across various procedures. Customizability is essential for different surgical specialties, driving the need for specialized instruments. Regular upgrades and replacements and the disposable nature of many components contribute to ongoing demand. Manufacturers capitalize on higher profit margins, while competition leads to diverse offerings. Continuous research and development produce innovative instruments and accessories, meeting surgeons' needs and reinforcing their dominance in the market.

General surgery's growth in the global surgical robotics market is driven by the expanding capabilities of surgical robots and increased surgeon adoption

The advancement of surgical robotics technology attracts general surgeons to adopt robotic-assisted techniques, offering improved outcomes and benefiting patients. Robotic-assisted surgery aligns well with general surgery's minimally invasive approach, driving its increased utilization. Patient demand for minimally invasive options, fuelled by faster recovery and improved outcomes, expands general surgery in the surgical robotics market. In addition, continuous technological advancements enhance the efficiency and effectiveness of robot-assisted general surgery, broadening the range of procedures performed by surgeons robotically.

Asia-Pacific surgical robotics market shall expand at the fastest rate in the future

The adoption of surgical robotics technology in the Asia-Pacific region is rapidly increasing due to growing healthcare infrastructure, rising expenditure, and increased awareness of the benefits of robotic-assisted procedures, supported by investments from governments and healthcare providers. The region also has a rising demand for minimally invasive surgeries due to chronic diseases, an aging population, and patient expectations. Local advancements in surgical robotics technology have led to cost-effective systems tailored to the region's needs. The presence of surfacing economies like China and India offers untapped potential, driven by economic growth and improved healthcare infrastructure. Collaborations between international manufacturers and local providers promote knowledge exchange, while favourable regulations ensure innovation and patient safety.

North America's leadership in the surgical robotics market stems from its pioneering role in technological advancements, a strong presence of leading companies and research institutions, well-established healthcare infrastructure, high healthcare expenditures, stringent regulatory frameworks, skilled surgeons with specialized training, competitive market landscape, and favourable reimbursement policies, all contribute to its market dominance.

Ambulatory Surgery Centers (ASCs) present in the global surgical robotics market shall thrive in the future

Ambulatory Surgery Centers (ASCs) in the global surgical robotics market growth is due to cost-effectiveness, specialization in minimally invasive procedures, high patient satisfaction, technological advancements, and regulatory support. Offering lower costs than hospitals, ASCs attract patients, insurance providers, and healthcare systems. Surgical robotics enhances precision and efficiency, making ASCs cost-effective.

With expertise in outpatient minimally invasive surgeries, ASCs benefit from smaller incisions reduced scarring, and faster recovery using surgical robotics. Patient satisfaction increases due to convenience, improved outcomes, and personalized care. Technological advancements make surgical robotics compact, user-friendly, and affordable for ASCs, attracting surgeons and driving demand. Regulatory recognition ensures safety and effectiveness, facilitating the integration of surgical robotics into ASCs for advanced procedures while meeting standards.

Key Players

Medtronic, Intuitive Surgical, Stryker Corporation, Smith & Nephew, Zimmer Biomet, Renishaw plc, and Siemens Healthineers are notable companies in the global surgical robotics market.

  • In August 2022 - THINK Surgical, Inc., a leader in orthopedic surgical robotics, has recently announced a collaboration and distribution agreement with Curexo, Inc., a South Korea-based company specializing in medical robotics.
  • In June 2022 - Intuitive, a global head in minimally invasive care and the developer of robotic-assisted surgery received clearance from the U.S. Food and Drug Administration (FDA) to integrate a mobile cone-beam CT (CBCT) imaging technology with the Ion Endoluminal System, a robotic-assisted bronchoscopy device.

Key Topics Covered

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics

4.1 Growth Drivers

4.2 Challenges

5. Porter's Five Forces

5.1 Bargaining Power of Buyer

5.2 Bargaining Power of Supplier

5.3 Threat of New Entrants

5.4 Rivalry among Existing Competitors

5.5 Threat of Substitute Products

6. SWOT Analysis

6.1 Strengths

6.2 Weaknesses

6.3 Opportunities

6.4 Threats

7. Global Surgical Robots Market and Volume Analysis

7.1 Market

7.2 Volume

8. Market Share - Global Surgical Robot Analysis

8.1 By Product

8.2 By Application

8.3 By regions

8.4 End User

9. Product - Global Surgical Robots Market

9.1 Surgical Systems

9.2 Instrument & Accessories

9.3 Services (Maintenance & Upgradation)

10. Application - Global Surgical Robots Market

10.1 General Surgery

10.2 Gynecological Surgery

10.3 Urological Surgery

10.4 Orthopedic Surgery

10.5 Interventional Cardiology

10.6 Neurosurgery

10.7 Other Applications

11. Regions - Global Surgical Robots Market

11.1 North America

11.2 Europe

11.3 Asia-Pacific

11.4 Latin America

11.5 Rest of the World

12. End-user - Global Surgical Robots Market

12.1 Hospital

12.2 Ambulatory Surgery Centers

12.3 Others

13. Merger & Acquisitions

14. Company Analysis

14.1 Medtronic

14.2 Intuitive Surgical

14.3 Stryker Corporation

14.4 Smith & Nephew

14.5 Zimmer Biomet

14.6 Renishaw plc

14.7 Siemens Healthineers

15. List of Figures

16. List of Tables

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