In 2022, the market value of surgical robots was worth USD 6.03 billion, and by 2030 it will reach USD 20.98 billion, growing at a 16.84% CAGR during the forecast period.
Medical robots assist medical professionals in several ways. Robots deliver medication, disinfect rooms, fill prescriptions, and assist people with physical disabilities. The advent of surgical robots is the most significant robotic invention in the medical sector. Since 1980s, these robots are utilized in surgery to help with tasks such as keeping a patient's limbs in the same position & perform complex surgeries. In recent years, robotic surgery has become more popular.
Surgical robots are beneficial for minimally invasive surgery because they can control surgical instruments precisely and in limited surgical spaces.
With developments in surgical technology, robots have been integrated with AI technology to create surgical robots that can aid in medical procedures. Minimally invasive surgeries can produce better results by minimizing the size of the incision, lowering bleeding, reducing the danger of wound infection, and shortening the patient's recovery time.
The primary factors driving the market growth for surgical robots are the growing need for automation in the healthcare sector and the changing trend towards sophisticated robotic surgery. Robots help surgeons reach difficult-to-reach areas because they are more agile and dexterous than the human hand. The benefits of surgical robots and the growing demand for better, quicker healthcare services will fuel the surgical robot market's expansion. Moreover, developing nations like Brazil, India, China, and others will fuel the market growth rate.
Additionally, the market is driven by factors such as the growing geriatric population, the complexity of surgeries, the rising desire for non-invasive surgeries with better adaptability and precision, and the increasing need for automation in the healthcare sector. Laparoscopic surgery is the most popular technique for robot-assisted surgeries since it is less invasive and more effective. As a result, developing countries are increasingly using surgical robots. In the coming years, expanding surgical procedures and rising healthcare costs in emerging countries will stimulate market expansion.
Urological surgery (24% of the market), orthopedic surgery (22%), general surgery (17%), gynecological surgery (14%), cardiothoracic surgery (10%), neurosurgery (7%), and others (6%) are the top applications in which surgical robots are widely utilized.
Use of surgical robots in urological surgery
For urological treatments, the surgical robot market was worth USD 1.6 billion in 2021 and will increase to USD 4.3 billion in 2028. Robotic urological surgery can treat diseases and conditions, like kidney obstruction, prostate cancer, kidney cancer, and bladder reconstruction. For instance, a robotic prostatectomy procedure enables a surgeon to safely remove a malignant prostate while avoiding the nearby nerves and muscles. The advantages for patients include much less discomfort, less bleeding, and quicker healing timeframes. For instance, recovery after a robot-assisted prostatectomy takes two to three months, compared to two to three weeks for a standard "open surgical" recovery.
On March 2023, the surgical "daVinciRobot" for accurate and Minimally Invasive Urological Surgeries was introduced by the Asian Institute of Nephrology and Urology. The daVinci Robot is a cutting-edge surgical instrument that enables doctors to carry out challenging, minimally invasive surgeries with accuracy and precision.
Use of surgical robots in orthopedic surgery
The application of robotics technology in orthopedic surgery is growing rapidly, resulting in increased demand for surgical robots designed for orthopedic procedures. Robotic assistance was used in 11% of knee reconstruction surgeries in 2020, and the number of such surgeries will increase to approximately 700,000 by 2030.
In 2022, North America led the regional market with 49.6% of the revenue share. An increase in next-generation healthcare facilities in the U.S. and a rise in the use of automated surgical tools are driving the market in this area. Further factors pushing the market in this area are the rising prevalence of chronic diseases, including cancer, diabetes, and cardiovascular diseases. These conditions are also expediting the use of automated surgical equipment.
Asia Pacific will be the fastest-growing regional market due to the growing patient population and rising use of sophisticated automated surgical instruments. Additionally, increasing modern healthcare facilities and rising awareness of the benefits of adopting new medical technology will promote market expansion in the area.
Survey conducted by the IEEE (an association for electronic engineering) states that millennial parents in Asian countries are more widely accepting surgical robots than those in the United States and the United Kingdom.
Robot performance is being increased by manufacturers working with specialists to improve patient outcomes. Businesses are improving the efficiency of their AI and machine learning to make surgical robots a common method in operating rooms worldwide. Also, some top surgical robot manufacturers have established their research and development facilities in the area. For instance, two Research and Development Centers are run by Medtronic in Hyderabad and Bangalore.