Surgical Robots Market Size, Share, & Forecast 2030
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[Redding, California – Feb 07, 2024] – Meticulous Research®, a globally
recognized leader in market research, proudly announces the release of its
latest research report titled, ‘Surgical Robots Market by Product &
Service (Surgical Instruments & Accessories, Robotic Systems, Services),
Application (Orthopedic, Obstetrics & Gynecological, Cardiovascular &
Thoracic, Urology, General Surgery), End User - Global Forecast to 2030.’
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In this groundbreaking report, Meticulous Research® reveals
that the global surgical robots market is poised to achieve a remarkable
milestone, projected to reach $25.47 billion by 2030, exhibiting a robust CAGR
of 15.4% during the forecast period from 2023 to 2030. The surge in market
growth is attributed to the manifold advantages associated with robot-assisted
surgery, a burgeoning number of surgical procedures, escalating investments in
medical robot research, and improvements in reimbursements. Furthermore, the
market is expected to experience substantial growth opportunities propelled by
the escalating adoption of surgical robots in ambulatory surgery centers
(ASCs) and emerging markets.
Surgical Robots Market: A Glimpse into the Future
This comprehensive study of the global surgical robots market
meticulously analyzes key segments including product & service (surgical
instruments & accessories, robotic systems & services), application
(orthopedic, obstetrics & gynecological, cardiovascular & thoracic,
urology, general surgery, and other applications), and end user (hospitals and
ambulatory surgical centers). The report also conducts an in-depth evaluation
of industry competitors, providing insights into their market shares at both
global and regional levels.
Diving into the specifics, the surgical instruments &
accessories segment is anticipated to dominate the market in 2023, fueled by
technological advancements such as automated medical instruments with
integrated cameras, computing technology, sensors, high-definition 3D imaging,
robotic-controlled catheters, and remote navigation technology systems.
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In terms of application, the orthopedic surgery segment is
poised to lead the global surgical robots market in 2023. The report
highlights the widespread adoption of robotic surgery in various orthopedic
subspecialties, particularly in total joint arthroplasty and knee, shoulder,
and hip replacement procedures. Notably, the demand for surgical robots in
orthopedic surgery is projected to remain robust, with global robot-assisted
knee reconstruction surgeries expected to reach approximately 700,000 by 2030,
as reported by the Medical Device Network.
The hospitals segment is anticipated to capture the largest
market share in 2023 among end users. This dominance is attributed to the
increasing number of surgical procedures, the growing preference for advanced
surgical systems among surgeons, and rising investments in sophisticated
surgical technologies.
Global Reach and Regional Dynamics
This research report provides an extensive analysis of major
geographies, including North America (U.S. and Canada), Europe (Germany,
France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan,
India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico,
and Rest of Latin America), and the Middle East & Africa.
Notably, North America is expected to command the largest
market share in 2023, followed by Europe and Asia-Pacific. The dominance of
North America is primarily attributed to its well-established healthcare
infrastructure, the presence of skilled medical professionals, and the growing
preference for advanced surgical systems. Within North America, the U.S. is
projected to lead the surgical robots market in 2023, driven by the increasing
utilization of surgical robots in general surgeries, substantial healthcare
expenditure, and the presence of key market players.
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Key Industry Players
The surgical robots market boasts the presence of key players
such as Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Medtronic
plc (U.S.), Smith & Nephew plc (U.K.), Zimmer Biomet Holdings, Inc.
(U.S.), Johnson & Johnson Services, Inc. (U.S.), Asensus Surgical Inc.
(U.S.), THINK Surgical, Inc. (U.S.), Renishaw plc (U.K.), Siemens Healthineers
AG (Germany), and CMR Surgical (U.K.). These industry leaders are instrumental
in driving innovation and shaping the future landscape of surgical robotics.
About
Meticulous Research®
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and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private
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