The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s AI-based surgical robots market report forecasts the AI-based surgical robots market size to grow to $10.41 Billion by 2027, with a CAGR (compound annual growth rate) of more than 16%.

Learn More On The AI-Based Surgical Robots Market Report 2023 – https://www.thebusinessresearchcompany.com/report/ai-based-surgical-robots-global-market-report

AI-Based Surgical Robots Market Size Forecast
The global AI-based surgical robots market is expected to grow from $4.73 billion in 2022 to $5.63 billion in 2023 at a compound annual growth rate (CAGR) of 19.0%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The AI-based surgical robots market size is expected to grow to $10.41 billion in 2027 at a CAGR of 16.6%.

North America held the largest AI-based surgical robots market share, and Asia-Pacific was the fastest-growing region in 2022.

Key AI-Based Surgical Robots Market Driver ­– Increase In The Adoption Of Technologically Advanced Robots By Surgeons For Various Applications
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.

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Key AI-Based Surgical Robots Market Trend – Developing New Products
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 a 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 Segment
1) By Product: Services, Instrument and Accessories
2) By Application: Orthopedics, Neurology, Urology, Gynecology, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centres

AI-Based Surgical Robots Market Major Players and Strategies
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.

In May 2020, Medtronic, a US-based medical device company, announced that it would acquire Digital Surgery for an undisclosed amount. With this acquisition, Digital Surgery would become a part of Medtronic’s minimally invasive therapies group. Through this deal, Medtronic would enable digital solutions with robotic platforms and would have a significant impact on enhancing patient access. Digital Surgery is a UK-based company that develops AI-powered surgical video and analytics platforms under the Touch Surgery brand name.

The AI-Based Surgical Robots Global Market Report 2023 covers regional data on AI-based surgical robots market size, AI-based surgical robots market trends and drivers, opportunities, strategies, and AI-based surgical robots market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

AI-based surgical robots are surgical robots powered by artificial intelligence which are well-known in the medical field and are frequently used. They are computer-manipulated devices that allow surgeons to focus on the complex aspects of surgery.

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