The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Surgical Robot Accessories Global Market Report 2024, the surgical robot accessories market is expected to show promising growth in the forecast period.

Market Size and Growth

• The surgical robot accessories market is experiencing significant growth.
• 2023 Market Size: $4.31 billion
• 2024 Market Size: $4.92 billion
• CAGR (2023-2024): 14.4%
• 2028 Market Size: $8.50 billion
• CAGR (2024-2028): 14.6%

Factors Driving Historical Growth
Miniaturization and Material Science

• Advances in miniaturization and material science have enhanced the precision and functionality of surgical robot accessories.

Connectivity and Data Integration

• Improved connectivity and data integration have streamlined surgical procedures and improved outcomes.

Healthcare Policies and Reimbursements

• Favorable healthcare policies and reimbursements have boosted the adoption of robotic surgery.

Safety and Quality Standards

• Enhanced safety and quality standards have increased trust in robotic surgical systems.

Surgeon and Patient Demand

• Growing demand from both surgeons and patients for minimally invasive procedures has driven market growth.

Projected Growth Factors
Increasing Adoption of Robotic Surgery

• The rise in robotic surgery adoption is a key driver of future market growth.

Healthcare Infrastructure Development

• Ongoing development of healthcare infrastructure supports the expansion of robotic surgery.

Cost Reduction and Efficiency

• Reduced costs and increased efficiency of robotic systems encourage their use.

Training and Education Programs

• Enhanced training and education programs are facilitating the adoption of robotic surgery.

Economic and Geopolitical Stability

• Stable economic and geopolitical conditions favor market expansion.

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Emerging Trends
Miniaturization and Wireless Connectivity

• Continued miniaturization and the introduction of wireless connectivity are expected to revolutionize the market.

Interoperability and Modular Design

• Interoperability and modular design improvements will enhance the versatility of surgical robots.

Sterilization and Reusability

• Advances in sterilization and reusability will reduce costs and increase efficiency.

Haptic Feedback and Tactile Sensing

• Enhanced haptic feedback and tactile sensing will improve surgical precision.

Voice and Gesture Control

• The integration of voice and gesture control will streamline robotic surgery procedures.

Rising Number of Surgical Procedures

Increasing Prevalence of Chronic Diseases

• A rise in chronic diseases necessitates more surgical interventions.

Advancements in Medical Technology

• Technological advancements are making surgeries more effective and accessible.

Preference for Minimally Invasive Surgeries

• Growing preference for minimally invasive surgeries drives demand for surgical robot accessories.

Major Companies in the Market

• Key Players: Johnson & Johnson, Stryker Corporation, Titan Medical Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, Sina Robotics and Medical Innovators Co Ltd., Intuitive Surgical Inc., MicroPort Scientific Corporation, Renishaw plc, CMR Surgical Limited, Noah Medical Inc., THINK Surgical Inc., Vicarious Surgical Inc., Distalmotion SA, OmniGuide Holdings Inc., CUREXO Inc., Human Xtensions Ltd., OMNIlife Science Inc., Moon Surgical Inc., Verb Surgical Inc., Corindus Vascular Robotics Inc., AdEchoTech, Biobot Surgical Pte Ltd., Medicaroid Corporation, Asensus Surgical Inc.

Technological Advancements
Robotic Microsurgery Simulators

• Companies are developing advanced robotic microsurgery simulators for training purposes.
• Example: Medical Microinstruments (MMI) SpA’s Symani Surgical System Simulator launched in May 2022, offering lifelike haptic feedback and advanced virtual reality scenarios.

Strategic Acquisitions
Telix Pharmaceuticals and Lightpoint Medical

• In November 2023, Telix Pharmaceuticals acquired Lightpoint Medical for $35 million.
• This acquisition aimed to enhance Telix’s position in molecularly targeted radiation (MTR) therapies.

Market Segmentation
By Type

• Instrument
• Accessories

By Application

• Orthopedics
• Neurology
• Urology
• Gynecology
• Other Applications

By End-Use

• Inpatient
• Outpatient

Regional Insights

• Largest Market (2023): North America
• Fastest-Growing Region (Forecast Period): Asia-Pacific

The surgical robot accessories market is poised for continued growth, driven by technological advancements, increased surgical procedures, and strategic industry developments.

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