PUBLISHER: iData Research Inc. | PRODUCT CODE: 1680156
PUBLISHER: iData Research Inc. | PRODUCT CODE: 1680156
The global MIS robotic system market was valued at $8.1 billion in 2024 and is expected to grow at a CAGR of 15.9%, reaching $23 billion by 2031.
This market is divided into three key segments:
Market insights & data coverage
Market trends & challenges
* New entrants are reshaping market dynamics
* Intuitive Surgical has historically dominated but faces rising competition.
* Emerging companies like CMR Surgical, Medtronic, SS Innovations, and Distalmotion are expanding market presence.
* Expanding clinical indications requires a lengthy regulatory approval process.
* Despite new players, Intuitive Surgical maintains a strong position due to its early market entry and established brand.
Market segmentation & growth trends
* Largest segment in 2024 and expected to grow the fastest.
* Growth driven by the increasing number of procedures and installed robotic systems.
* Second-largest segment in 2024 but growing at a slower rate.
* Market saturation in North America is limiting new sales.
* Smallest segment in 2024 and projected to lose market share.
* Still experiencing growth due to increasing installed base.
Market share insights
Top competitors in the global MIS robotic system market (2024):
1 Intuitive Surgical - Market leader in MIS robotic systems
* Pioneered da Vinci(R) robotic systems since 2000.
* Current lineup includes da Vinci(R) Xi, da Vinci(R) X, and da Vinci(R) SP.
Also markets Ion(TM), a robotic platform for minimally invasive lung biopsies.
2 CMR Surgical - Expanding global footprint
* Reported over 27,000 procedures using its Versius robot.
* Covers Europe, Latin America, Asia, Middle East, and Africa.
* Received FDA clearance in October 2024 for gallbladder removal indication.
3 Medtronic - Strengthening position in robotic-assisted MIS
* Launched Hugo(TM) RAS in 2021.
* Commercially available in select regions, but still investigational in the U.S.
* Strong brand reputation in the medical device industry supports future growth.
Market segmentation summary
Global research scope
* North America (U.S., Canada)
* Latin America (Brazil, Mexico, Argentina, Colombia, Chile)
* Western Europe (Germany, France, U.K., Spain, Italy)
* Central & Eastern Europe (Poland, Russia, Turkey, Hungary)
* Middle East (Saudi Arabia, UAE, Israel)
* Asia Pacific (China, Japan, India, South Korea, Australia)
* Africa (South Africa, Egypt, Nigeria, Kenya)
Quantitative coverage
Qualitative coverage
Data sources