Global Surgical Robotics Market By Component (Accessories, Systems, and Services), By Surgery (Gynecology Surgery, Neurosurgery, General Surgery, Orthopedic Surgery, Urology Surgery, and Other Surgeries), By End User (Ambulatory Surgical Centers and Hospitals), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The Global Surgical Robotics Market size is expected to be worth around USD 25.7 Billion by 2032 from USD 6.2 Billion in 2022, growing at a CAGR of 15.70% during the forecast period from 2023 to 2032.

Surgical robotics refers to an industry dedicated to developing, producing, and selling robotic systems designed for various surgical procedures. These robotic systems assist surgeons in performing minimally invasive surgeries with increased precision, flexibility, and control. A decrease in the number of surgeons and physicians worldwide and the rising dominance of automated equipment used in surgery are the main factors to boost the market growth.

In addition, the rising investments by international and regional players in presenting novel and advanced technology for surgical robots positively impacted market growth. Moreover, the increasing adoption of degenerative bone disorders and knee and hip replacement surgeries due to the rise in cases of osteoporosis and arthritis are expected to propel market growth.

Key Takeaways

• The Surgical Robotics Market is expected to grow at an average annual rate of 15.7%.
• By 2032, it is predicted to reach USD 25.7 billion.
• Robotic surgeries are becoming more prominent due to advanced technologies like 3D HD imaging sensors, cameras, robotics calculations, and remote navigation systems.
• The accessory segment, which includes robot components, is expected to hold 49% of the market share.
• Neurosurgery, a type of brain surgery, was lucrative in the market in 2022 and is expected to remain dominant.
• Hospitals are the primary users of surgical robotics, accounting for 73% of the market share in 2022 and expected to continue dominating.
• North America leads the market with 51% of the revenue share in 2022.
• The Asia Pacific region is expected to experience significant growth from 2023 to 2032.

Driving Factors

Anticipated to Rise Owing to the Rise in Concentration on the Training of the Robotics to be Doctors, Technological Advancement, and the Rising Geriatric Population

The surgical robotic market is anticipated to rise owing to the rise in concentration on robotics training for doctors, technological advancement, and the rising geriatric population as there is a rise in the need and approval of laparoscopic or less invasive surgeries. These will be novel inventions in robotics owing to the dominance of technologies such as cloud computing and artificial intelligence, which will aid in developing performance and decreasing the human workload. Hence, individual patients are known for the advantages of surgeries. They choose this surgery. As the surgical robots market is anticipated to grow. It provides great accuracy, decreased blood flow, better screening, reduced pain & discomfort, shorter hospitalization time, and decreased infection risk.

Restraining Factors

Robot-Assisted Are Costlier Than Less Invasive Surgeries

Surgeries of robot-assisted are costlier than less invasive surgeries. Surgical mistakes are one of the main problems of public health. Unsafe care in surgical procedures can complicate the processes of 1 of the four patients. It is worthwhile to the American Congress of Gynecologists and Obstetricians that robotic hysterectomy should use for complex and unusual clinical conditions.

Growth Opportunities

Demand for Advanced Technological Surgeries of Robotic and Automation

Increase in the need for advanced technological surgeries of robotics and automation of the healthcare industry. Hence, the surgical robotics market is anticipated to grow in the anticipated period. With the current development and research, there will be an initiation of novel sophisticated robots which will aid in meeting the increasing end users’ needs. Rising injuries and accidents affecting accidents will help the expansion of the surgical robotics market. Moreover, it will aid in the prevalence of robots in the forecast. The addition of 3D HD imaging sensors or cameras, and calculating technologies in the robots or remote navigation systems will aid in rising the prevalence of robotics surgeries. Developing nations such as China, India, and Brazil shall also give growth possibilities for the surgical robotics market. Various industrial strategies which are mainly used by the international key players will aid in the market growth.

Component Analysis

The accessory Segment is the Most Lucrative in the Global Surgical Robotics Market.

Based on components, the market for surgical robotics is segmented into accessories, systems, and services. Among these component types, the accessory segment is the most lucrative in the global surgical robotics market. The rise in geriatric individuals and chronic disorders such as diabetes, HIV, AIDS, and arthritis reach the increasing robotics use. The services segment is anticipated to expand well owing to an increase in robot-assisted surgeries worldwide.

Surgery Analysis

The Neurosurgery Segment is Estimated to be the Most Lucrative Segment

By surgery, the market is further divided into gynecology surgery, neurosurgery, general surgery, orthopedic surgery, urology surgery, and other surgeries. The neurosurgery segment is estimated to be the most lucrative segment in the global surgical robotics market. There is a large prevalence of neuro surgeries robots over traditional methods. Technological improvements and neuro robot surgeries have high-accuracy outcomes. Joint pains, arthritis, and other causes to correct the bones are anticipated to aid market growth. In addition, there is a rise in treatment by robotics for cancer.

Furthermore, automated robotic appliances for brain surgeries help grow the market. Hence, the orthopedic Surgery segment has a large market share as there are many injuries owing to road and bike accidents or other types of accidents that demand surgeries. Moreover, the need for robotics has risen in previous years for less invasive laparoscopic surgeries.

End-User Analysis

The hospital Segment is Estimated to be the Most Lucrative Segment

Based on end-user, the market is segmented into ambulatory surgical centers and hospitals. Among these end-users, the hospital segment is estimated to be the most lucrative segment in the global surgical robotics market, with the largest revenue share of 73% and a projected increase with a high CAGR during the forecast period. Owing surgical robots for hospitals will aid with productive patient care.

In the upcoming years, there shall be a rise in the need for surgical reports in different hospital settings, and it will present a lucrative market growth. Several patients meet, and rising surgical procedures in the hospital will guide the market growth. In addition, more considerable hospital infrastructure across the skilled healthcare individuals present in this structure will aid in fluctuating the scenario in different emerging economies.

Key Market Segments

Based on Component

• Accessories
• Systems
• Services

Based on Surgery

• Gynecology Surgery
• Neurosurgery
• General Surgery
• Orthopedic Surgery
• Urology Surgery
• Other Surgeries

Based on End-User

• Ambulatory Surgical Centers
• Hospitals

Regional Analysis

North America is estimated to be the Most Lucrative Market

In 2022, the North American share of the market had the highest revenue at about 51%. Hence, the low number of surgeons and healthcare professionals in the US depending upon the patient individuals will also drive the regional market for surgical robots. The adoption of automated surgical instruments in the healthcare industry and the increasing number of healthcare facilities in the United States will drive the market in this region. Furthermore, the rising chronic diseases such as cardiovascular diseases, diabetes, and cancer in the U.S. is speeding the prevalence of automated surgical equipment, which, in turn, is fueling the region of the market.

Asia Pacific Region is Anticipated to Grow at a Lucrative Market Rate

The increasing population and the rising dominance of advanced automated devices of surgical in the Asia Pacific region will help in the market growth. Moreover, increasing awareness to dominate advanced medical technology, attached to rising novel healthcare facilities, is expected to increase the market growth. With growing awareness of robotics in surgery and the higher acceptance rate of surgical robots in this region, the market is expected to grow.

Key Regions

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Market Share & Key Players Analysis

Emerging novel key players are concentrated on a diverse strategic policy to improve their respective businesses in foreign markets. The main key market players are concentrating on new-generation robotic equipment, technology advancement, and establishing new equipment. Augment to that, is the increasing need for instruments that are automated surgical across the world to advance novel companies in the global surgical robotics market. Moreover, Mergers, collaborations, and acquisitions are expected to expand the competition of competitors.

Market Key Players

Listed below are some of the most prominent bio-based surface disinfectant industry players.

• Zimmer Biomet Holdings Inc.
• TransEnterix Surgical, Inc.
• THINK Surgical Inc.
• Stryker Corporation
• Smith & Nephew Plc.
• Renishaw plc.
• Medtronic plc.
• Medrobotics
• Mazor Robotics
• KUKA AG
• Intuitive Surgical, Inc.
• CMR Surgical
• Auris Surgical Robotics, Inc.
• Accuray Incorporated
• Other Key Players

Recent Developments

• In 2022, BGS widen its land in WIehel to reach the raised demand for services such as sterilization in the area of medicine, diagnostics, and biotechnology from cross-linking of radiation.
• In 2022, Sterigenics widened its beam of electron facility positioned in the city of Columbia, Indiana. These provide E-beam which is mission critical sterilization service to ensure the safety of drug products and medical devices.

Report Scope: