Surgical Robots Market Outlook, Global Size, Share, Growth and Forecast 2023-2028
The latest report published by IMARC Group, titled “Surgical Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global surgical robots market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2028, exhibiting a growth rate (CAGR) of 18.2% during 2023-2028.
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What is Surgical Robot?
Surgical robots represent a cutting-edge innovation in the healthcare sector, merging technology with medical expertise to enhance surgical precision and patient outcomes. These systems are designed to assist surgeons in performing complex procedures with heightened accuracy and control. Surgical robots typically consist of a console from which the surgeon controls the procedure, robotic arms that carry out the operation, and a 3D visualization system that provides a magnified view of the surgical site. The surgeon manipulates the robotic arms, which translate their movements into precise actions within the patient's body. This technology enables minimally invasive surgery, which is leading to less pain, fewer complications, and faster recovery times for patients. Surgical robots are employed in a range of procedures including urological, gynecological, orthopedic, cardiovascular, and neurosurgical operations.
Surgical Robots Market Trends:
The rising prevalence of chronic diseases, such as cancer, heart disease, and neurological conditions, that often require surgical intervention, represents one of the key factors driving the growth of the market across the globe. The demand for effective and less invasive treatments is growing as the global population ages, which is driving the market growth. Improvements in areas, such as 3D imaging, haptics, machine learning (ML), and artificial intelligence (AI) are making surgical robots more effective and versatile. The development of more compact and cost-effective systems is also helping to make the technology accessible to a larger number of hospitals and clinics.
The ongoing evolution and adoption of minimally invasive surgical techniques are contributing to the growth of the market. Surgical robots allow for greater precision, smaller incisions, and improved control, which leads to less trauma, reduced hospital stays, faster recovery times, and improved patient outcomes. These advantages are resulting in increased demand from both healthcare providers and patients. Moreover, the increase in funding and investments in the healthcare sector, both public and private, is creating a positive outlook for the market across the globe.
Key Market Segmentation:
The report has segmented the global surgical robots market based on product, application, end user and region.
Breakup by Product:
- Robotic Systems
- Instruments and Accessories
- Services
Breakup by Application:
- Gynecological Surgery
- Urological Surgery
- Neurosurgery
- Orthopedic Surgery
- Other Applications
Breakup by End-User:
- Hospitals
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape With Key Players:
The competitive landscape of the surgical robots market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Accuray Incorporated
- Auris Health Inc.
- CMR Surgical
- Corindus Vascular Robotics
- Intuitive Surgical
- Maxar Technologies Limited
- Mazor Robotics Ltd.
- Medrobotics Corporation
- Medtronic
- Renishaw
- Smith & Nephew
- SRI International Inc.
- Stryker Corporation
- Think Surgical
- Transenterix Inc.
- Verb Surgical
- Zimmer Biomet
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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