Surgical Robots Market Size, Share & Trends Analysis Report By Application (Orthopedics, Neurology, Urology, Gynecology), By Region (North America, Europe, Asia Pacific, LATAM, MEA), And Segment Forecasts, 2023 - 2030

Report Overview

The global surgical robots market size was valued at USD 4.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 18.0% from 2023 to 2030. The shortage of physicians and surgeons all over the globe and the increasing adoption of automated instruments used for surgery are the major factors driving the market. The increasing investments by the regional and international players in the introduction of new and technologically advanced surgical robots are also positively impacting the market growth.

Furthermore, the growing prevalence of bone degenerative diseases and the rising number of hip and knee replacement surgeries due to the increasing cases of arthritis and osteoporosis are the major factors anticipated to fuel the market growth. For instance, according to the Agency for Healthcare Research and Quality report, over 4,50,000 hip replacement surgeries are performed each year in the U.S. In addition, as per the Australian Institute of Health and Welfare (AIHW) statistics, the total knee replacement rate for osteoarthritis has been increased by about 38% from 2005-2006 to 2017-2018.

In addition, increasing regulatory approvals for the robots used in surgery is one of the prominent factors aiding the market growth. For example, in 2019, Intuitive Surgical Inc’s Ion robotic surgical system received 510(k) FDA clearance. Moreover, the growing adoption of assisted surgeries like hysterectomies, the increasing number of robotic systems for surgical interventions, and constant investments and R&D activities with respect to automated robotic systems by the manufacturers are the key factors supporting the market growth.

Furthermore, several industrial strategic initiatives by top international players are anticipated to accelerate the market growth over the years. For instance, in 2019, Ethicon, a subsidiary of Johnson & Johnson, acquired Auris Health, which is a developer of a robotic technology platform. This acquisition is aimed at supporting the expansion of Ethion’s digital surgery portfolio to combat lung cancer. In addition, Stryker corporation, in 2019, acquired OrthoSpace, Ltd., which has helped in increasing the company’s surgical equipment portfolio. Therefore, such industrial initiatives are expected to propel the adoption of robots and the growth of the market.

The technological advancements in the field of automated medical instruments such as the combination of cameras, high-definition 3D imaging, computing technology, sensors, remote navigation technology systems, robotic controlled catheters, and other accessories utilized for medical surgeries are also increasing the adoption of automated instruments, which is further anticipated to drive the market over the forecast years.

COVID-19 Surgical Robots market impact: 7.7% decrease in revenue growth from 2019 to 2020

Moreover, complications associated with automated robotic surgery such as possible inadvertent cuts, loss of a large amount of blood, tears, burns, punctures, or other injuries to organs, and the high cost of the instruments may hamper the adoption of the instruments. However, advancements in technology and betterments in robotic equipment would help in reducing the errors and can lead to better outcomes and accelerate the market growth over the forecast period.

Application Insights

The others segment dominated the market in 2022 with a revenue share of over 32.1%. Based on application, the market is segmented into urology, orthopedics, neurology, gynecology, and others. The others segment includes surgical robots that are used in oncology, laparoscopy, and various other general surgical procedures. Growing usage of robots for cancer treatment procedures and increasing demand for minimally invasive laparoscopic surgeries are the major factors fueling the growth of the segment.

The neurosurgery segment is expected to expand at the fastest growth rate over the forecast period. The rising adoption of robots in neurosurgeries owing to benefits provided by surgical robots over traditional techniques of surgery is anticipated to boost the growth of the segment at a substantial rate. Moreover, technological advancements, coupled with successful outcomes from robotic neurosurgery, are expected to fuel the growth of the segment over the years. Growing usage of automated robotic instruments in brain surgeries is also expected to drive the segment. For instance, in 2019, according to an article published in Robotics Industries Association (RIA), 5G technology and robotic assistance were used to carry out brain surgery. Such activities signify the potential growth of the neurosurgery segment.

Regional Insights

North America held the largest revenue share of over 50.2% in 2022. Increasing next-generation healthcare facilities in the U.S., coupled with the growing adoption of automated surgical instruments, are driving the market in this region. Besides, the shortage of healthcare professionals and surgeons as per the patient population in the U.S. is also expected to drive the regional market. Moreover, the increasing number of chronic disorders such as cancer, diabetes, and cardiovascular diseases in the U.S. is accelerating the adoption of automated surgical equipment, which, in turn, is driving the market in this region.

The Asia Pacific region is anticipated to grow at a lucrative rate over the forecast period owing to the growing patient population and increasing adoption of advanced automated surgical instruments. In addition, growing awareness to adopt advanced medical technology, coupled with increasing modern healthcare facilities, is anticipated to boost the market growth in the region. Furthermore, increasing government initiatives to develop advanced healthcare infrastructure attract foreign investors to invest in automated instrument developments, which is anticipated to fuel the market growth in this region over the forecast years.

Key Companies & Market Share Insights

The top players of the market are mainly focusing on technological development and introducing advanced and next-generation robotic instruments to hold their strong position in the global market. In addition, the rising demand for automated surgical instruments across the globe is likely to promote the entry of new companies into the market. Furthermore, strategic industrial developments of the leading market players in the form of acquisitions, mergers, and collaborations are anticipated to boost the competition among the competitors.

For instance, in February 2021, Medtronic acquired Digital Surgery, which is a privately-owned surgical AI company specializing in digital education, data analytics, and training. Through the acquisition, Medtronic aims at strengthening its robot-assisted surgical platform and broadening its robotic system portfolio with the addition of a new robot named Hugo. Some prominent players in the global surgical robots market include:

• Stryker Corporation

• Medrobotics

• Smith & Nephew

• TransEnterix Surgical, Inc.

• Renishaw plc.

• Intuitive Surgical

• Medtronic

• THINK Surgical, Inc.

• Zimmer Biomet

Surgical Robots Market Report Scope 

Global Surgical Robots Market Segmentation

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2030. For the purpose of this study, Grand View Research, Inc. has segmented the global surgical robots market report on the basis of application and region:

• Application Outlook (Revenue, USD Million, 2016 - 2030)

  • Orthopedics

    • Knee

    • Hip

    • Spine

    • Others

  • Neurology

  • Urology

  • Gynecology

  • Others

• Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • Italy

    • France

    • Spain

    • Russia

  • Asia Pacific

    • Australia

    • China

    • Japan

    • South Korea

    • India

    • Singapore

  • Latin America

    • Mexico

    • Brazil

    • Argentina

  • Middle East Africa

    • South Africa

    • Saudi Arabia

    • UAE