Surgical Robotics Market to Achieve 15.7% CAGR Amidst Increasing Adoption of Advanced Technologies
The global surgical robotics market is experiencing robust growth, driven by several key factors and recent advancements in technology. As of 2022, the market was valued at USD 6.2 billion and is projected to reach USD 25.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 15.70% during the forecast period from 2023 to 2032. This significant expansion can be attributed to the rising demand for minimally invasive surgeries, the increasing prevalence of chronic diseases, and the advancements in robotic technology that enhance precision and outcomes in surgical procedures.
One of the primary growth drivers is the increasing adoption of minimally invasive surgeries, which offer benefits such as reduced pain, shorter hospital stays, and faster recovery times compared to traditional open surgeries. The growing geriatric population, which is more prone to chronic conditions requiring surgical intervention, further fuels the demand for surgical robots. Additionally, technological advancements such as the integration of artificial intelligence (AI) and improvements in imaging and navigation systems are enhancing the capabilities of surgical robots, making them more efficient and reliable.
However, the market faces several challenges. High costs associated with robotic surgical systems and the need for significant initial investments can be prohibitive for many healthcare providers. Moreover, the requirement for specialized training for surgeons to operate these advanced systems poses another barrier to widespread adoption.
Recent developments in the field include the launch of next-generation surgical robots that offer greater precision and versatility. For instance, Intuitive Surgical’s da Vinci X Surgical System and Zimmer Biomet’s ROSA Knee System have received regulatory approvals, expanding the scope of robotic-assisted surgeries. Additionally, collaborations and partnerships among key players are driving innovations and expanding market reach. For example, the partnership between 3D Systems and Stryker aims to enhance personalized surgical planning through advanced modeling technologies.
Overall, the surgical robotics market is poised for substantial growth, supported by continuous technological innovations and increasing acceptance of robotic-assisted surgeries in healthcare systems worldwide.
Key Takeaways
- The Surgical Robotics Market is anticipated to grow annually by 15.7%, reaching USD 25.7 billion by 2032.
- Advanced technologies like 3D HD imaging, robotics calculations, and remote navigation are boosting the prominence of robotic surgeries.
- The accessory segment, including robot components, is expected to capture 49% of the market share.
- Neurosurgery, lucrative in 2022, is predicted to remain a dominant market segment.
- Hospitals are the primary users, holding 73% of the market share in 2022, and will continue to dominate.
- North America led the market in 2022, accounting for 51% of the revenue share.
- The Asia Pacific region is projected to experience significant growth from 2023 to 2032.
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Surgical Robotics Market Key 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
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)
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Key Players Analysis
Zimmer Biomet Holdings Inc. has advanced its position in the surgical robotics sector with the ROSA® Robotics system. The company recently achieved FDA clearance for the ROSA Shoulder System, the first robotic surgical assistant for shoulder arthroplasty. This system enhances surgical precision and efficiency by integrating real-time data and pre-operative planning tools. ROSA Robotics also includes applications for knee and hip replacements, reflecting Zimmer Biomet’s commitment to leveraging robotics and data analytics for improved surgical outcomes.
TransEnterix Surgical Inc., now known as Asensus Surgical Inc., operates in the surgical robotics sector, focusing on enhancing minimally invasive surgery through its Senhance Surgical System. This platform integrates augmented intelligence and machine learning to improve surgical outcomes, offering features such as haptic feedback, eye-tracking camera control, and 3D visualization. Asensus aims to elevate surgical practices by optimizing resources and ensuring consistent results across various procedures. The Senhance system is used globally, with over 4,000 procedures performed by more than 100 surgeons.
THINK Surgical Inc. specializes in orthopedic surgical robots and has developed the TMINI Miniature Robotic System, which assists surgeons in performing total knee replacements. The company is known for its open platform, supporting implants from multiple manufacturers, thus providing surgeons with a wide range of choices. Recent collaborations with Maxx Orthopedics and b-ONE Ortho Corporation aim to enhance this flexibility, integrating additional knee implant options into THINK Surgical’s ID-HUB database. THINK Surgical’s TMINI system, which received FDA clearance in 2023, highlights the company’s commitment to innovation and expanding surgical options.
Stryker Corporation is a key player in the surgical robotics sector with its Mako SmartRobotics system. Mako uses advanced 3D CT-based planning and AccuStop haptic technology to assist in hip and knee replacements, enhancing precision and outcomes. Over one million Mako procedures have been completed globally, showcasing its effectiveness. Recent advancements include the Mako Total Knee 2.0, which features a new user experience and customizable workflows. Stryker’s continuous innovation in robotics aims to improve patient outcomes and expand its applications across various specialties.
Smith & Nephew Plc. is significantly advancing the surgical robotics sector with its CORI Surgical System, a next-generation handheld robotic platform. This system supports comprehensive knee and hip arthroplasty procedures, offering AI-driven solutions that enhance surgical precision and efficiency. Notable features include the RI.KNEE software for personalized implant placement and the RI.HIP navigation system for improved hip surgery outcomes. These innovations not only optimize surgical performance but also improve patient recovery and satisfaction, highlighting Smith & Nephew’s commitment to personalized, high-quality orthopedic care.
Surgical Robotics Market Key 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
Surgical Robotics Market Report Scope >> Market Value (2022): USD 6.2 Billion || Forecast Revenue (2032): USD 25.7 Billion || CAGR (2023-2032): 15.7% || Base Year Estimation: 2023 || Historic Period: 2019-2022 || Forecast Period: 2024-2033.
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