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The ai-based surgical robots market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 17%, as per The Business Research Company’s market report!

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The AI-Based Surgical Robots Market Size In 2022 And Forecast

The global ai-based surgical robots market is expected to grow from $4.03 billion in 2021 to $4.70 billion in 2022 at a compound annual growth rate (CAGR) of 16.76%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The AI based surgical robots market is expected to reach $8.81 billion in 2026 at a CAGR of 16.99%.

The AI-based surgical robots market consists of sales of AI-based surgical robots and related services by entities (organizations, sole traders, and partnerships) that are surgical robots powered by artificial intelligence which are well-known in the medical field and are frequently used.

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Increase In The Adoption Of Technologically Advanced Robots By Surgeons Is Driving The Growth Of The AI-Based Surgical Robots Market

According to data published in the JAMA Network, a medical journal published by American Medical Association, open surgery for prostate cancer is being replaced by robotic surgeries as they offer fewer complications and better functional outcomes. Data states that up to 86% of procedures for prostate cancer in the US in 2020, performed by robots. Therefore, the increasing adoption of technologically advanced robots by surgeons for various applications is driving the AI-based surgical robots market.

Competitive Landscape And The Regional Analysis Of The AI-Based Surgical Robots Market

Major players in the AI-based surgical robots market are Accuray Incorporated, Intuitive Surgical Inc, Medtronic plc, Medrobotics Corporation, Zimmer Biomet, Stereotaxis Inc, TransEnterix Inc, Stryker Corporation, Activ Surgical Inc, Titan Medical Inc, CMR Surgical Inc, MedTech Surgical, and Mazor Robotic.

Additionally, as per TBRC’s research – North America was the largest region in the ai-based surgical robots market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The AI-Based Surgical Robots Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the ai-based surgical robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the ai-based surgical robots market.

Developing Of New Products – A Key Trend In The AI-Based Surgical Robots Market

Major companies operating in the market are developing new products to strengthen their position in the market. For instance, Suzhou KangDuo Robot Co, a China-based medical company, launched “KangDuo Surgical Robot-01 (KD SR 01)”. The device completed robot-assisted radical pyeloplasty. These surgeries performed by the KD SR 01 required less time and have demonstrated advantages over conventional methods such as laparoscopic surgery.

AI-Based Surgical Robots Market Segmentation By The Business Research Company

1) By Product: Services, Instrument and Accessories

2) By Application: Orthopedics, Neurology, Urology, Gynecology, Others

3) By End User: Hospitals, Ambulatory Surgical Centres

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