PUBLISHER: The Business Research Company | PRODUCT CODE: 1712763
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712763
A surgical robot is an automated device designed to aid surgeons in performing surgical procedures. Typically equipped with multiple arms carrying surgical instruments and a high-resolution, three-dimensional camera, it provides a detailed view of the surgical site. Surgeons use these robots to minimize blood loss, reduce hospital stays, and expedite patient recovery during operations.
The main types of surgical robot components are systems, accessories, and services. Various types of surgeries involved are gynecology surgery, urology surgery, neurosurgery, orthopedic surgery, general surgery, and others. These are used by several end-users, including clinics, hospitals, ambulatory care centers, and others.
The surgical robots market research report is one of a series of new reports from The Business Research Company that provides surgical robots market statistics, including surgical robots industry global market size, regional shares, competitors with a surgical robots market share, detailed surgical robots market segments, market trends and opportunities, and any further data you may need to thrive in the surgical robots industry. This surgical robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The surgical robots market size has grown rapidly in recent years. It will grow from $7.87 billion in 2024 to $9.25 billion in 2025 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to increasing prevalence of chronic diseases, the growing aging population, high precision and accuracy requirements, increased healthcare spending, surge in robotic-assisted procedures.
The surgical robots market size is expected to see rapid growth in the next few years. It will grow to $18.05 billion in 2029 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to expansion of indications for robotic surgery, increasing adoption in emerging markets, demand for remote surgery solutions, customization and personalization trends, regulatory approvals and standards. Major trends in the forecast period include ai integration for surgical precision, rise of miniaturized surgical robots, telesurgery and remote surgical capabilities, increased use of robotics in non-invasive surgeries, haptic feedback technology.
The growing populations of elderly individuals and surgical patients are projected to significantly boost the growth of the surgical robot market in the future. The rise in both groups has a profound impact on the utilization and advancement of surgical robots. These robots are designed to perform minimally invasive procedures, which help to minimize patient trauma, shorten recovery times, and reduce complication rates. Such advantages are particularly important for older patients, as they contribute to lower mortality and morbidity rates. For instance, according to 2024 estimates from the World Health Organization (WHO), 1 in 6 people globally will be aged 60 or older by 2030, with the population aged 60 and above expected to increase from 1 billion in 2020 to 1.4 billion by that time. By 2050, this number is projected to double, reaching 2.1 billion worldwide. Additionally, the American Joint Replacement Registry's 2022 Annual Report, released in November 2022, noted that hip and knee arthroplasty cases in the U.S. reached approximately 2.8 million in 2022, reflecting a 14% increase from 2021. Thus, the rising numbers of elderly and surgical patients are driving the growth of the surgical robot market.
The burgeoning telemedicine services are poised to further accelerate the growth of the surgical robot market. Telemedicine services, encompassing remote healthcare provisions through telecommunications technology, have a pivotal role in expanding the surgical robot market. They enable remote consultations and surgeries, empowering surgeons to utilize robotic systems for telesurgery and extending specialized care globally. Statistics from the Centers for Disease Control and Prevention highlighted that 37.0% of adults had availed telemedicine services within the previous 12 months of 2021. Notably, there's a correlation between age and telemedicine usage, with a higher percentage among older adults, ranging from 29.4% in the 18-29 age group to 43.3% in those aged 65 and above. This increasing utilization of telemedicine drives the adoption and growth of surgical robots by enabling remote surgeries and consultations.
Leading companies in the surgical robot industry are concentrating on creating innovative systems, such as CMR Surgical's Versius, which incorporates distinctive features to enhance robotic-assisted surgeries. Versius(R) is a modular surgical robot developed by CMR Surgical that aids surgeons in conducting minimally invasive procedures across various specialties. For example, in June 2023, CMR Surgical, a UK-based manufacturer of medical equipment, introduced the Versius(R) Surgical Robot. This launch emphasized the robot's versatility and advanced functionalities, with the goal of improving surgical outcomes and promoting the adoption of robotic-assisted surgeries in hospitals throughout the region.
Major players in the surgical robot market are investing in advanced technologies like robotic platforms to cater to larger customer bases, bolster sales, and augment revenue. An example is Robocath's launch of the R-One+ for coronary angioplasties in May 2023. This innovative robotic solution offers enhanced safety, reducing radiation-induced injuries for both medical teams and patients. The technology allows interventional cardiologists to conduct coronary angioplasties by remotely maneuvering devices through an integrated control command unit, safeguarding against radiation injuries and streamlining percutaneous coronary intervention procedures. The R-One+ facilitates precise hand gestures, creating a more comfortable and secure environment for cardiologists, ultimately benefiting patient outcomes.
In February 2023, ARCH Medical Solutions Corp., a US-based combination of engineering expertise and precision-machining technologies, acquired Bettanini's Custom Manufacturing for an undisclosed amount. This acquisition strengthens and expands the offerings and capabilities to provide industry-leading OEMs with precision manufacturing. Bettanini's Custom Manufacturing is a US-based manufacturer of precision-machined components, including surgical robots components.
Major companies operating in the surgical robots market include Stryker Corporation, Medrobotics Corporation, Smith & Nephew plc, TransEnterix Inc., Renishaw plc, Intuitive Surgical Inc., Medtronic plc, THINK Surgical Inc., Zimmer Biomet Holdings Inc., Johnson & Johnson, Titan Medical Inc., Mazor Robotics Ltd., KUKA Aktiengesellschaft, Avatera Medical GmbH, Corindus Vascular Robotics Inc., MicroSure (Pty) Ltd, Asensus Surgical Inc., Siemens Healthcare GmbH, CMR Surgical Ltd., Auris Health Inc., Verb Surgical Inc., OMNIlife Science Inc., Vicarious Surgical Inc., Microbot Medical Inc., Virtual Incision Corporation, Memic Innovative Surgery Ltd., XACT Robotics Ltd., EndoMaster Pte. Ltd., MST Medical Surgery Technologies Ltd., Medtech SA
North America was the largest region in the surgical robots market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global surgical robots market report forecast period. The regions covered in the surgical robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the surgical robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The surgical market consists of the sale of handheld robotic device, robotic arm, and modular robotic system. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Surgical Robots Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on surgical robots market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for surgical robots ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The surgical robots market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.