Surgical Robots Market Is Booming Across the Globe with CAGR 18%, Growth, Industry Size, Demand, and Forecast by 2030

Surgical Robots Market survey report includes the most important market insights that progress the business to the next level of growth and success. The market factors can be listed as; emerging trends, product usage, motivating factors for customers and competitors, market restraints, brand positioning, and customer behaviour. In market document, industry trends are put together on macro level which helps businesses understand market landscape and possible future issues. Market parameters covered in the best Surgical Robots Market report mainly range from market definition, currency and pricing, market segmentation, market overview, premium insights, key insights to company profile of the key market players.

The increasing incidence of degenerative bone diseases and the growing number of hip and knee replacement surgeries are enhancing the demand for surgical robots. Major market players use this approach to develop a micromanipulator for minimally invasive neurosurgery. Additionally, the growth in the acceptance of surgical robots and the increase in funding for medical robot research are further expected to increase the growth of the surgical robot market.

Data Bridge Market Research analyses that the global surgical robots market, which was USD 4.4 billion in 2022, is expected to reach USD 16.54 billion by 2030, at a CAGR of 18% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Surgical robots are computer-controlled devices for minimally invasive (MI) and laparoscopic procedures. They can perform tough surgeries by mimicking the physician's hand movements with miniature surgical devices that can fit through small incisions. Compared to traditional operations, these robots offer a faster recovery time, less post-operative discomfort, and a minimized risk of infection and scarring. These robotics has recently been used in minimally invasive surgeries.

Surgical Robots Market Dynamics

Drivers

Rise in Regulatory Approvals for Surgical Robots

Increasing regulatory approvals for surgical robots is a factor boosting market growth. For instance, in 2019, Intuitive Surgical Inc's Ion robotic surgical system received 510(k) FDA clearance. Additionally, the growing adoption of assisted surgeries such as hysterectomies, consistent approvals from authorizations, and the consistent investments of manufacturers and R&D activities in automated robotic systems are key factors supporting market growth. Thus, this factor boosts market growth.

Increasing Usage of Automated Robotic Instruments

The growing use of automated robotic instruments in brain surgeries is also a factor that is expected to drive the segment. As per an article published by Robotics Industries Association (RIA), robotic assistance and 5G technology were widely used to perform brain surgery in 2019. Such activities show a potential growth of neurosurgery and are anticipated to drive market growth.

Some of the major players operating in the global surgical robots market are:

Intuitive Surgical Inc (U.S.)
Stryker (U.S.)
Medrobotics Corporation (U.S)
Johnson & Johnson Private Limited (U.S.)
Globus Medical (U.S.)
NuVasive Inc. (U.S.)
Smith + Nephew (U.K.)
Titan Medical Inc (Canada)
TransEnterix Inc (U.S.)
University of Pittsburgh Medical Center (U.S.)
Mazor Robotics (Israel)
Auris Health Inc. (U.S.)
Corindus Inc. (U.S.)
Renishaw plc (U.K.)
Medineering GmbH (Germany)
Medtronic (Ireland)
Renishaw plc. (U.K.)
Preceyes BV (Netherlands)
MicroSure (Netherlands)
avateramedical GmbH (Germany)
Siemens (Germany)

Recent Developments

In February 2021, Medtronic acquired Digital Surgery, a privately held surgical AI company specializing in digital education, data analytics, and training. Medtronic hopes to strengthen its robot-assisted surgical platform and expand its robotic system portfolio by acquiring Hugo, a new robot.

Global Surgical Robots Market Scope

The global surgical robots market is segmented on the basis of product type, brands, application and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

Instruments
Robotic Systems
Accessories and Services

 Brands

DA Vinci Surgical System
CyberKnife
Renaissance
Artas
ROSA
Others

 Application

General Surgery
Urological
Gynaecological
Gastrointestinal
Radical Prostatectomy
Cardiothoracic Surgery
Colorectal Surgery
Radiotherapy
Others

End-Users

Clinic
Hospital
Ambulatory Care Centers
Others

This Market Intelligence Report Analyses Some of the Most Crucial Concerns:

How will the major segments of this international market develop over the next few years?
Who are the major players that will dominate the market in the future?
When it comes to this industry, who are the top suppliers and producers?
How have the most successful companies in the industry planned for future growth and expansion?
In what sectors might we expect to see the greatest increase in demand over the coming years?
How many distinct subsets of buyers make up this  Surgical Robots Market ?
Which regional powerhouse do you foresee as becoming the largest player in the international market?
Does a new coronavirus pandemic have any consequences?
In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?

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