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Home » Healthcare » Surgical Robots Market Global Industry Trends & Forecast | 2030

Surgical Robots Market By Application (Orthopaedics, Neurology, Urology, Gynaecology, General Surgery, Others), End-User (Hospitals, Ambulatory Surgical Centres, Others), By Geography, Segment revenue estimation, Forecast, 2021-2030

Published On: May-2022   |   Base Year: 2021   |   No Of Pages: 135   |   Historical Data: 2017 - 2020   |   Formats: PDF   |   Report ID: 44695641

Report DescriptionTable of Contents

Industry Report and Statistics

The global surgical robots market will witness a robust CAGR of 16.84%, valued at $5.16 billion in 2021, expected to appreciate and reach $20.98 billion by 2030, confirms Strategic Market Research. North America currently has the largest market share by region, with a valuation of around USD 3.27 billion. Surgical robots assist doctors in performing many complex surgeries with more flexibility, precision, and control than conventional techniques. An estimated 1638 surgical robots will be used for various applications in 2022. Surgical robots are mostly used in minimally invasive surgeries and sometimes in traditional open surgeries. As per the Agency for Healthcare Research and Quality, more than 450,000 total hip replacements are performed annually in the USA, thereby augmenting the market's overall growth.

 

surgical robots market by share 2020-2030

 

Key Market Drivers - Advantages of Robotic-Assisted Surgery (RAS), High success rate of RAS, and Minimum Life-Threatening Complications

  • The demand for minimally invasive (MI) surgical procedures is increasing due to a plethora of advantages associated with these procedures, such as smaller incisions, reduced pain, decreased scarring, faster recovery periods, increased safety, and considerable cost savings. According to a study, the average recovery time for a patient undergoing minimally invasive spine surgery is six weeks, as compared to 12 weeks after undergoing traditional open spine surgery. In addition, robotic minimally invasive surgery ensures repeatability, accuracy, efficiency, and control, positively boosting the surgical robots market trends in robotic surgery.

  • The robotic-assisted surgery registered a high success rate, leading to increased adoption of surgical robots. According to NCBI, the published data about the various robot-assisted surgeries showed excellent results & success rates, ranging between (94% and 100)%. This high success rate enables more end-users to adopt surgical robots, thus driving industry growth.

  • The robotic-assisted surgery was also found to cause minimal life-threatening complications. 2021 robotic surgery statistics show that life-threatening complications rose only from 0 to 2% in robotic-assisted surgeries. These minimal life-threatening complications from robotic surgeries allowed more end-users to adopt surgical robots, thus increasing the overall surgical robots market share.

 

Market Restraints - High costs of Robotic-assisted Surgeries

  • Robotic-assisted surgeries cost more than minimally invasive surgeries. The American Congress of Obstetricians & Gynaecologists has found out that the adoption of robotic surgical procedures for all hysterectomies (surgical removal of the uterus, ovaries, cervix, and Fallopian tubes) would add around USD 960 million to the annual hysterectomy costs in the United States of America. In addition to costs for adopting robotic surgical procedures, maintenance costs and declining hospital budgets have slowed down the robotic surgery market growth.

 

Market Opportunities - Increasing Penetration of Surgical Robots in ASCs, Newer Applications for Robotic-Assisted Surgeries

  • Ambulatory surgical centers (ASCs) are free-standing facilities specializing in diagnostic, surgical, and preventive procedures that do not require hospital admission. A Healthcare BlueBook and HealthSmart study revealed that ASCs decreased outpatient surgery costs by USD 38 billion annually since they offer a low-cost care site compared to a regular hospital’s outpatient department. According to a study, more than 9000 ambulatory surgical centers are currently operating in the US. The increasing number of ASCs will increase the adoption of surgical robots, thus fostering industry growth worldwide.

 

  • Robotic-Assisted surgery has found newer applications recently. For example, robotic-arm assisted knee resurfacing, robotic heart surgery, robotic bladder surgery, robotic surgery for prostate cancer, minimally invasive neurosurgery, gynecologic surgery, endometriosis, thoracic surgery, and urologic surgery can all be done by surgical robots. This is expected to increase the overall size of the orthopedic, spinal, abdominal, and AI-based surgical robots market, respectively.

surgical robots market by application 2020-2030

 

Market Analysis Of Different Segments Covered in the Report

Based on Application

  • Orthopedics

  • Neurology

  • Urology

  • Gynecology

  • General Surgery

  • Others

 

Based on End-User

  • Hospitals

  • Ambulatory Surgical Centres

  • Others

 

Regional Coverage Analysis

North America

  • Canada

  • United States of America

  • Rest of North America

 

Europe

  • United Kingdom

  • Germany

  • Italy

  • France

  • Spain

  • Russia

  • Rest of Europe

 

Asia-Pacific

  • Australia

  • China

  • Japan

  • India

  • South Korea

  • Singapore

 

Rest of Asia-Pacific

LAMEA

  • Brazil

  • Argentina

  • South Africa

  • Saudi Arabia

  • United Arab Emirates

Rest of LAMEA

 

Segments Analysis & Insights

The ‘General Surgery’ segment had the largest industry share by application, with around 29% in 2021. Due to the increasing use of surgical robots for cancer treatment and increasing demand for minimally invasive laparoscopic surgeries, the general surgery segment has captured a large market share. According to an NCBI study, nearly 60% of laparoscopic surgeries are performed using robots, which is expected to increase over time.

 

The ‘hospital’ segment had the largest market share by end-user, with around 71.22%. The rising number of inpatient visits and the increasing number of surgical procedures drove the market growth in this segment. According to an NCBI study, 23 of 73 hospitals have performed robotic-assisted surgery, which is expected to rise.

 

Due to the large US surgical robotics market size, North America had the largest share by region, valuing around USD 3.27 billion in 2022. The increasing availability of surgical robots, coupled with the growing number of injuries and diseases requiring surgery, is increasing in North America, which assists in driving the industry's growth. The European market is valued at around USD 2.17 billion in 2022.

 

On the other hand, the Asia-Pacific region will be the fastest-growing industry, with a CAGR of 23.32% throughout the projected period. The rapidly developing technology in surgical robotics and the increasing patient population in developing markets like India and China have fostered segment growth. According to Intuitive Surgical, there are 170 da Vinci surgical robots in China that have performed over 170,000 surgeries.

 

Surgical Robots Market Report Coverage

Report Attribute

Details

Forecast Period

2021 - 2030

The market size value in 2021

USD 5.16 billion

The revenue forecast in 2028

USD 20.98 billion

Growth rate

CAGR of approximately 16.84%

The base year for estimation

2021

Historical data

2017 – 2020

Unit

USD Billion, CAGR (2021 - 2030)

Segmentation

Application, End-Use, and Region

By Application

Orthopedics, Neurology, Urology, Gynaecology, General Surgery, Others

By End-Use

Hospitals, Ambulatory Surgical Centres

By Region

Asia Pacific, North America, Europe, LAMEA

Country Scope

United States of America, Germany, United Kingdom, Italy, France, Spain, Russia, Canada, Australia, China, Japan, India, South Korea, Singapore, Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa

Company Usability Profiles

Intuitive Surgical, Stryker Corporation, Medtronic, Smith & Nephew, Zimmer Biomet, Asensus Surgical (Transenterix), Corindus Vascular Robotics, Renishaw, Auris Health, Medrobotics Corporation, Think Surgical, Verb Surgical (part of Johnson and Johnson), OMNIlife Science, CMR Surgical, Preceyes BV, China National Scientific Instruments, and Materials Corporation, Microsure, Titan Medical, avateramedical GmbH, Medicaroid Corporation

 

Global Surgical Robots Market Competitive Landscape Analysis

The main companies in the industry mainly focus on new technology development and the introduction of next-generation robotic surgical instruments to help maintain their position in the market. In addition, the increasing demand for surgical robots will also facilitate the entry of new entrants into the market environment. Moreover, strategic industrial developments by leading competitors like mergers & acquisitions and collaborations are expected to boost the competition in the future.

 

  • Intuitive Surgical (market share around 80% in 2022)

  • Stryker Corporation

  • Medtronic

  • Smith & Nephew

  • Zimmer Biomet

  • Asensus Surgical (Transenterix)

  • Corindus Vascular Robotics

  • Renishaw

  • Auris Health

  • Medrobotics Corporation

  • Think Surgical

  • Verb Surgical (part of Johnson and Johnson)

  • OMNIlife Science

  • CMR Surgical

  • Preceyes BV

  • China National Scientific Instruments and Materials Corporation

  • Microsure

  • Titan Medical

  • avateramedical GmbH

  • Medicaroid Corporation

surgical robots market by region 2020-2030

 

Industry Recent Developments

  • In January 2021, Stryker announced its acquisition of OrthoSensor, Inc. Stryker believes that OrthoSensor’s acquisition would allow it to implement the Verasense intraoperative sensor technology to empower its Mako robots that would allow surgeons to access more comprehensive data-driven solutions.

 

  • In January 2021, TransEnterix announced receiving CE mark approval for its Intelligent Surgical Unit that enables machine vision capabilities on the Senhance Surgical System. This approval is expected to provide Senhancelaparoscopic programs in Europe, including access to this new technology, thus propelling them to the forefront of surgical innovation through augmented intelligence.

 

  • In November 2020, Johnson and Johnson announced the launch of its surgical robot, Ottava. The surgical robotics are equipped with six arms to provide more control and flexibility in surgery and will be integrated with the operating table. Additionally, Johnson and Johnson acquired Verb, Inc., during its partnership with Google to design and manufacture surgical robots in 2019.

 

  • In September 2020, Stryker announced the installation of its 1000th Mako robot. Stryker believes this installation will help more patients obtain treatment for their total hip, knee, and partial knee problems.

 

Various Surgical Robots that Key Market Leaders Develop.

Name of the Product

Function

Key Player

Versius+

Used for Minimal Access Surgery

CMR Surgical

Mako

Used for Joint Replacement Surgery

Stryker Corporation

Da Vinci

Used for Minimally Invasive Surgery

Intuitive Surgical

Hugo RAS system

Portable and Modular system that allows surgery to be performed on any patient using any procedure and in any operating room

Medtronic

 

Frequently Asked Question About This Report

b: The global surgical robots market size was $5.16 billion in 2021 and is expected to reach $20.98 billion in 2030, with a CAGR of 16.84%.

b: The surgical robot manufacturers include: Intuitive Surgical, Stryker Corporation, Medtronic, Smith & Nephew, Zimmer Biomet, Asensus Surgical (Transenterix), Corindus Vascular Robotics, Renishaw, Auris Health, Medrobotics Corporation, Think Surgical, Verb Surgical (part of Johnson and Johnson), OMNIlife Science, CMR Surgical, Preceyes BV, China National Scientific Instruments And Materials Corporation (CSIMC), Microsure, Titan Medical, avateramedical Gmbh and Medicaroid Corporation.

b: There are an estimated 1638 surgical robots currently in use.

b: The global surgical robots market is expected to grow at a compound annual growth rate (CAGR) of 16.84% from 2021 to 2030 to reach USD 20.98 billion by 2030.

b: The advantages of robotic-assisted surgery, high success rate and minimum life-threatening conditions due to RAS are the latest trends in surgical robotics.

b: The increasing penetration of robotic-assisted surgery and newer applications for surgical robots can help the market grow further.

b: There are an estimated 1638 surgical robots currently in the world.

b: Yes, the robotic surgery market is growing, with a CAGR of 16.84%

Sources

https://orthoinfo.aaos.org/en/treatment/total-hip-replacement/

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6104663/

https://www.chinadaily.com.cn/a/202011/06/WS5fa4e9bba31024ad0ba838f5.html

https://investors.stryker.com/press-releases/news-details/2021/Stryker-acquires-OrthoSensor/default.aspx