U.S. Surgical Robots Market is Set to Reach USD 5.6 Billion by 2030, Growing at a CAGR of 9.5% During the Forecast Period

Published Date: Mar, 2024

The U.S. surgical robot market is expected to grow at a CAGR of 9.5% during the forecast period with its market size predicted to reach USD 5.6 billion by 2030. Some of the key factors fuelling the growth of the U.S. surgical robots market include technological advancements, high healthcare expenditures, benefits of surgical robots, high prevalence of neurological disorders, increasing number of research and development activities, increasing geriatric population, and presence of a large number of industry players.

Some of the key surgical robotic systems available in the U.S. market include The Da Vinci Surgical System by Intuitive Surgical Inc.; Renaissance and Mazor X by Mazor Robotics Inc. (Acquired by Medtronic plc); and CyberKnife by Accuray Incorporated. The Da Vinci Surgical System is the most used surgical robot system in the U.S. due to its early mover advantage and the strong presence of the company in the U.S.

The high healthcare expenditure in the country and the increasing geriatric population are supporting the demand for surgical robots in the country. For instance, as per the U.S. Census Bureau’s 2017 National Population Projections, all baby boomers will be older than age 65 by 2030 in the U.S. This will expand the size of the older population so that 1 in every 5 residents will be of retirement age. Also, as per the U.S. National Health Expenditure Account (NHEA), U.S. healthcare expenditure increased by 3.9% in 2017, reaching USD 3.5 trillion or USD 10,739 per person, amounting to 17.9% of the country’s GDP.

U.S. Surgical Robots Market Segmentation and Key Players

Segment / Key Players

Categorization

Component

Robotic Systems, Instruments and Accessories, Services

Application

General Surgery, Gynecological Surgery, Orthopedic Surgery, Cardiology, Neurology, Others

End-User

Hospitals, Ambulatory Surgery Centers

Key Players

Surgical Inc., Stryker Corporation, Mazor Robotics (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.

Browse Market Insight and In-depth TOC on "U.S. Surgical Robots Market – Analysis and Forecast (2025-2030)"

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. The largest share of the category is attributed to the repeat purchase of this equipment and accessories and an increasing number of robot-assisted surgeries. 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, and stringent guidelines for the usage of medical devices in the country.

Surgical robots find 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 surgeon are adopting surgical robots and services for gynecology as robots have proven their efficiency and precision with less ill effects.

Based on end-users, the surgical robots market is segmented into hospitals and ambulatory surgical centers. Of both categories, hospitals 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.

Globally, different medical technology companies are entering the market by acquiring the innovators in the market. For instance, in April 2019, Johnson & Johnson announced that Ethicon, Inc., has completed the acquisition of Auris Health, Inc. for approximately USD 3.4 billion in cash and an additional contingent payment of up to USD 2.35 billion, in the aggregate, may be payable upon reaching certain predetermined milestones. With Auris Health’s robotic platform technology, currently used in diagnostic and therapeutic procedures in the lung, Johnson & Johnson will advance its commitment to combatting lung cancer and expand its digital surgery portfolio across multiple surgical specialties.

Also, In September 2018, Medtronic plc and Mazor Robotics entered into a definitive merger agreement under which Medtronic will acquire all outstanding ordinary shares of Mazor for $58.50 per American Depository Share, or $29.25 (104.80 ILS) per ordinary share, in cash, for a total of approximately $1.64 billion, or $1.34 billion net of Medtronic's existing stake in Mazor and cash acquired. The acquisition is to accelerate Medtronic's strategy to transform spinal procedures and improve outcomes through fully integrated surgical solutions.

Some of the key players operating in the U.S. surgical robots industry are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics (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.

U.S. Surgical Robots Market Coverage

Component Insight and Forecast 2025-2030

  • Robotic Systems
  • Instruments and Accessories
  • Services

Application Insight and Forecast 2025-2030

  • General Surgery
  • Gynecological Surgery
  • Orthopedic Surgery
  • Cardiology
  • Neurology
  • Others

End-User Insight and Forecast 2025-2030

  • Hospitals
  • ASCs