Surgical Robots Market Is Projected To Grow At A 10% Rate Through The Forecast Period
The Surgical Robots Market size is expected to grow from USD 6.9 billion in 2022 to USD 14.7 billion by 2030, at a CAGR of 10 % during the forecast period.
Surgical robots are useful for many minimally invasive surgeries since it enables precise manipulation of surgical instruments beyond human ability in a small operation space. In the presence and guidance of skilled surgeons’ Surgical robots are used to perform many computer-assisted surgeries. Robotic surgery is the next generation of minimally invasive surgery. This type of surgery involves a computer-controlled robot that assists surgeons during various surgeries or operations. Robotic-assisted surgery is commonly used to treat a wide variety of conditions because it’s been shown to incur fewer complications and a quicker recovery for the patient. The surgeon controls the arms while seated at a computer console near the operating table.
Top Key Players in Surgical Robots Market:
Medrobotics Corporation (US), Stryker Corporation (US), Titan Medical (Canada), Asensus Surgical (US), Zimmer Biomet Holdings, Inc. (US). China national scientific instruments (China). Think Surgical Inc (US). TransEnterix Surgical, Inc (US). Johnson and Johnson (US). Avateramedical gmbh (Germany), Smith and Nephew (UK), Corindus Vascular Robotics (Massachusetts), Intuitive Surgical (US), and Other Major Players.
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Market Dynamics and Factors for Surgical Robots Market:
Drivers:
The growing use of Robots in Minimally Invasive Surgeries and Open Surgeries
Surgical robots provide high precision and dexterity, allowing surgeons to perform complex and delicate procedures with greater accuracy. This precision is particularly crucial in minimally invasive surgeries, where precise movements are essential due to limited access to the surgical site. Robotic systems often incorporate advanced imaging technologies, providing surgeons with enhanced visualization of the surgical area. This improved visual feedback allows for more informed decision-making during surgery. In minimally invasive surgeries, robotic systems allow surgeons to make smaller incisions compared to traditional open surgeries. Smaller incisions lead to reduced trauma, less scarring, shorter recovery times, and decreased postoperative pain for patients.
Opportunities:
Opportunity in Growing Technological Advancements in Surgical Robots
Technological advancements enable surgical robots to perform more complex procedures with increased precision and efficiency. As the capabilities of robotic systems expand, the range of surgeries that can be performed using robotic assistance will also grow, creating new market opportunities. Improvements in robotic technology allow for smaller, more flexible robotic arms and better imaging capabilities. This facilitates more sophisticated minimally invasive procedures, leading to reduced patient trauma, shorter recovery times, and higher patient satisfaction. Advancements in robotics allow for better integration of surgical instruments and sensors. Robotic systems can be equipped with specialized tools and sensors for specific procedures, increasing their versatility and usability across various surgical specialties.
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Segmentation Analysis of the Surgical Robots Market:
By Component
· Robot Systems
· Instruments & Accessories
By Application
· Gynecologic Surgery
· Urologic Surgery
· General Surgery
· Cardiac Surgery
· Others
By End Users
· Hospitals
· Clinics
· Ambulatory Surgical Centers
· Others
By region
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
· In August 2022, Max Hospital in Mohali launched the ‘Da Vinci Xi’, a robot that will be used for surgeries under various disciplines including gynecology, oncology, urology, general surgery, bariatric (weight loss), hernia, and gastrointestinal.
· In November 2020, Johnson and Johnson announced the launch of its surgical robot, Ottava The new system is designed with six arms to provide more control and flexibility in surgery, while its arms will be integrated into the operating table. Additionally, the platform has a zero-footprint design to enable patient access, increase space in the operating room and improve workflow.
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