Global Surgical Robots Market –Analysis and Forecast (2023–2030)

Industry Insights by Component (Robotic Systems, Instruments and Accessories, Services), by Application (General Surgery, Gynecological Surgery, Orthopedic Surgery, Cardiology, Neurology, Others), by End-User (Hospitals, Ambulatory Surgery Centers), by Geography (U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, Brazil)

Industry Overview

The global surgical robots market is expected to grow at a CAGR of 12.3% during the forecast period with its market size predicted to reach USD 15.3 billion by 2030. The global surgical robots market is primarily driven by technological advancements, advantages of surgical robots, increasing investment for research and development, mounting occurrence of neurological and orthopedic disorders, and increasing geriatric population. The Da Vinci Surgical System, Mako Surgical Arm, and Mazor X are the key brands mostly adopted globally.

The surgical robots market refers to the market for robotic systems and technology used in surgical procedures. These robots are designed to assist surgeons during operations, providing increased precision, control, and flexibility compared to traditional surgical methods. They are typically equipped with robotic arms and specialized instruments that can be controlled by surgeons from a console. The future of the surgical robot market looks promising, with ongoing technological advancements and increasing investments in research and development. The integration of artificial intelligence, machine learning, and computer vision technologies into surgical robots is expected to further enhance their capabilities and improve surgical outcomes.

Market Segmentation

Insight by Component

Based on components, the surgical robots market is categorized into robotic systems, instruments and accessories, and services. Of all, the instruments and accessories segment holds the largest share in the market, globally. The largest share of the category is attributed to repeat purchases and the increasing number of robot-assisted surgeries across the globe. The market for surgical robot services market is anticipated to witness the fastest growth during the forecast period due to the intensive maintenance work required for the robotic systems.

Insight by Application

Surgical robots find its applications in general surgery, gynecological surgery, orthopedic surgery, cardiology, and neurology, among others. Of all the applications, general surgery followed by gynecological surgery accounted for the largest demand for surgical robotic systems, accessories, and services. The surgical robots market for gynecological surgery is anticipated to observe the fastest growth during the forecast period as more and more surgeons are adopting surgical robots and services for gynecology as robots have proven their efficiency and precision with fewer ill effects.

Insight by End-User

Based on end-users, the surgical robots market is segmented into hospitals and ambulatory surgical centers. Of both categories, hospital account for the larger demand for surgical robot systems and services due to the advancements in technology, and the inclusion of gynecology, orthopedic surgery, and general surgery. Different companies are investing in the development of miniaturized surgical robots for penetration in ambulatory surgical centers.

Key Brand Insight

Some of the key surgical robotic systems available in the market include The Da Vinci Surgical System by Intuitive Surgical Inc.; Mako Surgical Arm by Stryker Corporation; Renaissance and Mazor X by Mazor Robotics Inc. (Acquired by Medtronic plc); Rosa Surgical Robot by Medtech SA (Zimmer Biomet); and CyberKnife by Accuray Incorporated. The Da Vinci Surgical System dominated the global surgical system market. In 2018, most of the surgical robot installed in the hospitals was Da Vinci Surgical System. The category account for more sales than all other categories combined, which is primarily due to the strong position of the company in the market. The brand has the early mover advantage and the constant effort from its maker to keep it up to date are the key factors leading to the high demand of the category.

Global Surgical Robots Market Report Coverage

Industry Dynamics

Growth Drivers

Technological advancements, advantages of surgical robots in clinical procedures, increasing investment for research and development, mounting occurrence of neurological and orthopedic disorders, and increasing geriatric population are some of the key factors fuelling the growth of the surgical robots market, globally. There are several benefits of robotic surgery, which is leading to an increase in adoption by hospitals and ambulatory surgical centers. Robotic surgery offers several benefits to the surgeon such as an enhanced visual field, superior dexterity, and reach to inaccessible or hard-to-reach places during the surgery.

Increasing demand for minimally invasive surgeries: Minimally invasive surgeries offer several advantages over traditional open surgeries, including smaller incisions, reduced blood loss, shorter hospital stays, and faster recovery times. Surgical robots enable surgeons to perform complex procedures with enhanced precision and dexterity through smaller incisions, making them ideal for minimally invasive surgeries. The growing preference for these procedures among patients and surgeons has fueled the demand for surgical robots.

Advancements in robotic technology: Significant advancements in robotics and related technologies have played a crucial role in the growth of the surgical robots market. These advancements include improvements in robotic arm design, instrument miniaturization, haptic feedback systems, image guidance, and real-time imaging. Such advancements have enhanced the capabilities of surgical robots, making them more efficient, accurate, and user-friendly. The continuous innovation and development of robotic technology have expanded the applications of surgical robots, driving market growth.

Improved surgical outcomes: Surgical robots have demonstrated the potential to improve surgical outcomes by providing surgeons with greater precision, control, and access to anatomical structures. The high-definition 3D visualization systems of surgical robots enable surgeons to view the surgical site in detail, enhancing their ability to perform complex procedures. The enhanced precision and stability offered by surgical robots reduce the risk of errors and complications during surgery, leading to improved patient outcomes. The desire to achieve better surgical results and patient satisfaction has contributed to the adoption of surgical robots.

Surgeon training and education: As surgical robots require specialized training and expertise to operate, training programs and educational initiatives have been developed to familiarize surgeons with robotic-assisted procedures. The emphasis on training and education has helped increase the number of surgeons skilled in using surgical robots, leading to broader adoption and market growth.

Apart from the aforementioned factors the increasing prevalence of neurological disorders and increasing geriatric population is leading to the growth in the surgical robot market across the globe. For instance, according to the World Health Organization (WHO), globally in 2010 approximately 524 million people were aged 65 years and older and is expected to reach 1.5 billion in 2050.

Challenges

The primary factor hindering the growth of the surgical robot market is its high cost. The high cost of these systems makes them unaffordable in smaller hospitals with limited budgets. Moreover, this is the primary reason hindering the market penetration in developing countries as these countries struggle to provide basic healthcare to all its citizens and hence it is generally not feasible to install surgical robots, especially in their public sector hospitals. The Renaissance Surgical System by Mazor Robotics itself costs around USD 850,000 per unit; thus only the healthcare providers backed by private investors or large public hospitals are able to afford these systems.

Geographic Overview

North America remains the largest market for surgical robots across the globe. This is primarily due to the early adoption, technological advancements, developed healthcare infrastructure, high healthcare expenditure, and presence of industry leaders in the region. The North American market will further observe significant growth during the forecast period as more and more hospitals especially the hospital chains working in different states of the U.S. are opting for automation in surgery using surgical robots.

Asia-Pacific lags behind North America and Europe in terms of the number of surgical robots installed in the region; however, by the end of the forecast period, the region will account for higher share of the global surgical robots market than Europe. The key factor leading to the significant growth in the Asia-Pacific, is the developing infrastructure, investment in the healthcare sector, emergence of a large number of private healthcare providers, and penetration by the number of the large global healthcare providers in the region.

Competitive Insight

Different companies are investing in their research and development for the technological advancements of their systems which offers them a competitive edge over the competitors. Mazor Robotics added Mazor X to its surgical robotics portfolio in 2016, apart from its existing Renaissance Surgical System. Mazor X witnessed key traction in the market in comparison to Renaissance as well as its competitor Da Vinci Surgical System. Also, the medical device industry giant is acquiring innovator companies to enter the surgical robots market.

Some of the key players operating in the surgical robots industry are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics Inc., (Acquired by Medtronic plc), Medtech SA (Acquired by Zimmer Biomet), Accuray Incorporated, Smith & Nephew plc, Renishaw plc, Auris Health, Inc. (Acquired by Johnson & Johnson), Medrobotics Corporation, Varian Medical Systems, Stereotaxis, Inc., Titan Medical Inc., Think Surgical Inc., and TransEnterix, Inc.

The Surgical Robots Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2023–2030.

• By Component
  • Robotic Systems
  • Instruments and Accessories
  • Services
• By Application
  • General Surgery
  • Gynecological Surgery
  • Orthopedic Surgery
  • Cardiology
  • Neurology
  • Others
• By End-User
  • Hospitals
  • ASCs

Surgical Robots Market by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Rest of Asia-Pacific
• ROW
  • Brazil
  • Other Countries

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1. Research Overview 

        1.1. The Report Offers
        1.2. Market Coverage
                1.2.1. By Component
                1.2.2. By Application
                1.2.3. By End-User
                1.2.4. By Region
        1.3. Research Phases
        1.4. Limitations
        1.5. Market Size Estimations and Forecast
                1.5.1. Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2. Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

        3.1. By Component
                3.1.1. Robotic Systems
                3.1.2. Instruments and Accessories
                3.1.3. Services
        3.2. By Application
                3.2.1. General Surgery
                3.2.2. Gynecological Surgery
                3.2.3. Orthopedic Surgery
                3.2.4. Cardiology
                3.2.5. Neurology
                3.2.6. Others 
        3.3. By End-User
                3.3.1. Hospitals
                3.3.2. Ambulatory Surgical Centers

4. Industry Overview

        4.1. Industry Dynamics
                4.1.1. Major Drivers
                4.1.2. Major Restraints
                4.1.3. Key Trends
                4.1.4. Key Opportunities
        4.2. Industry Ecosystem
                4.2.1. Porter’s Five Forces Analysis
                4.2.2. Strategic Development Analysis
                4.2.3. Vale Chain Analysis
        4.3. Competitive Insight
                4.3.1. Market Share Analysis
                4.3.2. Market Attractive Analysis
                4.3.3. Key Brand Insight

5. Global Market Estimate and Forecast

        5.1. By Component
        5.2. By Application
        5.3. By End-User
        5.4. By Region

6. North America Market Estimate and Forecast

        6.1. By Component
        6.2. By Application
        6.3. By End-User
        6.4. By Country
                6.4.1. U.S. Market Estimate and Forecast
                6.4.2. Canada Market Estimate and Forecast

7. Europe Market Estimate and Forecast

        7.1. By Component
        7.2. By Application
        7.3. By End-User
        7.4. By Country
                7.4.1. Germany Market Estimate and Forecast
                7.4.2. U.K. Market Estimate and Forecast
                7.4.3. France Market Estimate and Forecast
                7.4.4. Italy Market Estimate and Forecast
                7.4.5. Spain Market Estimate and Forecast
                7.4.6. Rest of Europe Market Estimate and Forecast

8. Asia-Pacific Market Estimate and Forecast

        8.1. By Component
        8.2. By Application
        8.3. By End-User
        8.4. By Country
                8.4.1. Japan Market Estimate and Forecast
                8.4.2. China Market Estimate and Forecast
                8.4.3. India Market Estimate and Forecast
                8.4.4. Rest of Asia-Pacific Market Estimate and Forecast

9. Rest of the World (RoW) Market Estimate and Forecast

        9.1. By Component
        9.2. By Application
        9.3. By End-User
        9.4. By Country
                9.4.1. Brazil Market Estimate and Forecast
                9.4.2. Other Countries Market Estimate and Forecast

10. Company Profiles

        10.1. Intuitive Surgical Inc.
                10.1.1. Snapshot
                10.1.2. Overview
                10.1.3. Offerings
                10.1.4. Financial Insight
                10.1.5. Recent Developments
        10.2. Stryker Corporation
                10.2.1. Snapshot
                10.2.2. Overview
                10.2.3. Offerings
                10.2.4. Financial Insight
                10.2.5. Recent Developments
        10.3. Mazor Robotics Inc., (Acquired by Medtronic plc)
                10.3.1. Snapshot
                10.3.2. Overview
                10.3.3. Offerings
                10.3.4. Financial Insight
                10.3.5. Recent Developments
        10.4. Medtech SA (Acquired by Zimmer Biomet)
                10.4.1. Snapshot
                10.4.2. Overview
                10.4.3. Offerings
                10.4.4. Financial Insight
                10.4.5. Recent Developments
        10.5. Accuray Incorporated
                10.5.1. Snapshot
                10.5.2. Overview
                10.5.3. Offerings
                10.5.4. Financial Insight
                10.5.5. Recent Developments
        10.6. Smith & Nephew Plc
                10.6.1. Snapshot
                10.6.2. Overview
                10.6.3. Offerings
                10.6.4. Financial Insight
                10.6.5. Recent Developments
        10.7. Renishaw Plc
                10.7.1. Snapshot
                10.7.2. Overview
                10.7.3. Offerings
                10.7.4. Financial Insight
                10.7.5. Recent Developments
        10.8. Auris Health, Inc. (Acquired by Johnson & Johnson)
                10.8.1. Snapshot
                10.8.2. Overview
                10.8.3. Offerings
                10.8.4. Financial Insight
                10.8.5. Recent Developments
        10.9. Medrobotics Corporation
                10.9.1. Snapshot
                10.9.2. Overview
                10.9.3. Offerings
                10.9.4. Financial Insight
                10.9.5. Recent Developments
        10.10. Varian Medical Systems
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments
        10.11. Stereotaxis, Inc.
                10.11.1. Snapshot
                10.11.2. Overview
                10.11.3. Offerings
                10.11.4. Financial Insight
                10.11.5. Recent Developments
        10.12. Titan Medical Inc.
                10.12.1. Snapshot
                10.12.2. Overview
                10.12.3. Offerings
                10.12.4. Financial Insight
                10.12.5. Recent Developments
        10.13. Think Surgical Inc.
                10.13.1. Snapshot
                10.13.2. Overview
                10.13.3. Offerings
                10.13.4. Financial Insight
                10.13.5. Recent Developments
        10.14. TransEnterix, Inc.
                10.14.1. Snapshot
                10.14.2. Overview
                10.14.3. Offerings
                10.14.4. Financial Insight
                10.14.5. Recent Developments

11. Appendix

        11.1. Exchange Rates
        11.2. Abbreviations

* Financial insight, are subject to availability of information in secondary domain.

List of Tables

Table 1  Sources
Table 2  Study Periods
Table 3  Data Reporting Unit
Table 4  Global Surgical Robots Market Size, by Component,  2018–2022 (USD Billion)
Table 5  Global Surgical Robots Market Size, by Component, 2023– 2030 (USD Billion)
Table 6  Global Surgical Robots Market Size, by Application,  2018–2022 (USD Billion)
Table 7  Global Surgical Robots Market Size, by Application, 2023– 2030 (USD Billion)
Table 8  Global Surgical Robots Market Size, by End-User,  2018–2022 (USD Billion)
Table 9  Global Surgical Robots Market Size, by End-User, 2023– 2030 (USD Billion)
Table 10  Global Surgical Robots Market Size, by Region,  2018–2022 (USD Billion)
Table 11  Global Surgical Robots Market Size, by Region, 2023– 2030 (USD Billion)
Table 12  North America Surgical Robots Market Size, by Component,  2018–2022 (USD Billion)
Table 13  North America Surgical Robots Market Size, by Component, 2023– 2030 (USD Billion)
Table 14  North America Surgical Robots Market Size, by Application,  2018–2022 (USD Billion)
Table 15  North America Surgical Robots Market Size, by Application, 2023– 2030 (USD Billion)
Table 16  North America Surgical Robots Market Size, by End-User,  2018–2022 (USD Billion)
Table 17  North America Surgical Robots Market Size, by End-User, 2023– 2030 (USD Billion)
Table 18  North America Surgical Robots Market Size, by Country,  2018–2022 (USD Billion)
Table 19  North America Surgical Robots Market Size, by Country, 2023– 2030 (USD Billion)
Table 20  Europe Surgical Robots Market Size, by Component,  2018–2022 (USD Billion)
Table 21  Europe Surgical Robots Market Size, by Component, 2023– 2030 (USD Billion)
Table 22  Europe Surgical Robots Market Size, by Application,  2018–2022 (USD Billion)
Table 23  Europe Surgical Robots Market Size, by Application, 2023– 2030 (USD Billion)
Table 24  Europe Surgical Robots Market Size, by End-User,  2018–2022 (USD Billion)
Table 25  Europe Surgical Robots Market Size, by End-User, 2023– 2030 (USD Billion)
Table 26  Europe Surgical Robots Market Size, by Country,  2018–2022 (USD Billion)
Table 27  Europe Surgical Robots Market Size, by Country, 2023– 2030 (USD Billion)
Table 28  Asia-Pacific Surgical Robots Market Size, by Component,  2018–2022 (USD Billion)
Table 29  Asia-Pacific Surgical Robots Market Size, by Component, 2023– 2030 (USD Billion)
Table 30  Asia-Pacific Surgical Robots Market Size, by Application,  2018–2022 (USD Billion)
Table 31  Asia-Pacific Surgical Robots Market Size, by Application, 2023– 2030 (USD Billion)
Table 32  Asia-Pacific Surgical Robots Market Size, by End-User,  2018–2022 (USD Billion)
Table 33  Asia-Pacific Surgical Robots Market Size, by End-User, 2023– 2030 (USD Billion)
Table 34  Asia-Pacific Surgical Robots Market Size, by Country,  2018–2022 (USD Billion)
Table 35  Asia-Pacific Surgical Robots Market Size, by Country, 2023– 2030 (USD Billion)
Table 36  Asia-Pacific Surgical Robots Market Size, by Component,  2018–2022 (USD Billion)
Table 37  ROW Surgical Robots Market Size, by Component, 2023– 2030 (USD Billion)
Table 38  ROW Surgical Robots Market Size, by Application,  2018–2022 (USD Billion)
Table 39  ROW Surgical Robots Market Size, by Application, 2023– 2030 (USD Billion)
Table 40  ROW Surgical Robots Market Size, by End-User,  2018–2022 (USD Billion)
Table 41  ROW Surgical Robots Market Size, by End-User, 2023– 2030 (USD Billion)
Table 42  ROW Surgical Robots Market Size, by Country,  2018–2022 (USD Billion)
Table 43  ROW Surgical Robots Market Size, by Country, 2023– 2030 (USD Billion)
Table 44  Snapshot – Intuitive Surgical Inc.
Table 45  Snapshot – Stryker Corporation
Table 46  Snapshot – Mazor Robotics Inc.
Table 47  Snapshot – Medtech SA
Table 48  Snapshot – Accuray Incorporated
Table 49  Snapshot – Smith & Nephew Plc
Table 50  Snapshot – Renishaw Plc
Table 51  Snapshot – Auris Health, Inc.
Table 52  Snapshot – Medrobotics Corporation
Table 53  Snapshot – Varian Medical Systems
Table 54  Snapshot – Stereotaxis, Inc.
Table 55  Snapshot – Titan Medical Inc.
Table 56  Snapshot – Think Surgical Inc.
Table 57  Snapshot – TransEnterix, Inc.

List of Figures

Figure 1  Market Coverage
Figure 2  Research Phases
Figure 3  Secondary Sources for Different Parameters
Figure 4  Methodology
Figure 5  Data Mining & Exploration
Figure 6  Data Triangulation
Figure 7  Assumptions for Market Estimation and Forecast
Figure 8  Executive Summary
Figure 9  Global Surgical Robots Market - Growth Drivers and Restraints
Figure 10  Porte’s Five Forces Analysis
Figure 11  Competitive Benchmark
Figure 12  Market Share Analysis
Figure 13  Market Attractive Analysis
Figure 14  Global Surgical Robots Sales by Brand, Units (2018)
Figure 15  Global Surgical Robots Market Highlight
Figure 16  Global Surgical Robots Market Size, by Component, 2018 – 2030 (USD Billion)
Figure 17  Global Surgical Robots Market Size, by Application, 2018 – 2030 (USD Billion)
Figure 18  Global Surgical Robots Market Size, by End-User, 2018 – 2030 (USD Billion)
Figure 19  Global Surgical Robots Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 20  North America Surgical Robots Market Highlight
Figure 21  North America Surgical Robots Market Size, by Component, 2018 – 2030 (USD Billion)
Figure 22  North America Surgical Robots Market Size, by Application, 2018 – 2030 (USD Billion)
Figure 23  North America Surgical Robots Market Size, by End-User, 2018 – 2030 (USD Billion)
Figure 24  North America Surgical Robots Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 25  Europe Surgical Robots Market Highlight
Figure 26  Europe Surgical Robots Market Size, by Component, 2018 – 2030 (USD Billion)
Figure 27  Europe Surgical Robots Market Size, by Application, 2018 – 2030 (USD Billion)
Figure 28  Europe Surgical Robots Market Size, by End-User, 2018 – 2030 (USD Billion)
Figure 29  Europe Surgical Robots Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 30  Asia-Pacific Surgical Robots Market Highlight
Figure 31  Asia-Pacific Surgical Robots Market Size, by Component, 2018 – 2030 (USD Billion)
Figure 32  Asia-Pacific Surgical Robots Market Size, by Application, 2018 – 2030 (USD Billion)
Figure 33  Asia-Pacific Surgical Robots Market Size, by End-User, 2018 – 2030 (USD Billion)
Figure 34  Asia-Pacific Surgical Robots Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 35  ROW Surgical Robots Market Highlight
Figure 36  ROW Surgical Robots Market Size, by Component, 2018 – 2030 (USD Billion)
Figure 37  ROW Surgical Robots Market Size, by Application, 2018 – 2030 (USD Billion)
Figure 38  ROW Surgical Robots Market Size, by End-User, 2018 – 2030 (USD Billion)
Figure 39  ROW Surgical Robots Market Size, by Country, 2018 – 2030 (USD Billion)