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 surgical robots market report forecasts the surgical robots market size to grow to $12.73 Billion by 2027, with a CAGR (compound annual growth rate) of more than 17%.

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

Surgical Robots Market Size Forecast
The global surgical robots market is expected to grow from $5.68 billion in 2022 to $6.68 billion in 2023 at a compound annual growth rate (CAGR) of 17.8%. 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 global surgical robots market size is expected to reach $12.73 billion in 2027 at a CAGR of 17.5%.

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

Key Surgical Robots Market Driver ­– Increase In Elderly And Surgical Patient Populations
For example, according to a World Health Organisation factsheet published in October 2021, there will be 1.4 billion people over the age of 60 in the world by 2030, up from 1 billion in 2020. Furthermore, according to the American Joint Replacement Registry’s 2022 Annual Report, which was released in November 2022, hip and knee arthroplasty cases in the United States reached roughly 2.8 million in 2022, a 14% rise from 2021. As a result, the surgical robot industry is being driven by an increase in the geriatric and surgical patient populations.

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Key Surgical Robots Market Trend – Technological Advancement
Major surgical robot businesses are concentrating their efforts on creating new technology to improve patient outcomes and strengthen their market position. Smith+Nephew, a UK-based medical equipment manufacturing company, for example, launched CORI portable robotics in November 2021, a turn-key robotic-assisted surgical system for total and partial knee arthroplasties. It features a 3-D intra-operative imaging system and a robotic sculpting tool, allowing surgeons to measure, plan, and perform knee surgery. The system is a compact and totally movable solution that can be transported from theatre to theatre to optimise patient flow in surgical facilities.

Surgical Robots Market Segment
1) By Component: Systems, Accessories, Services
2) By Surgery Type: Gynecology Surgery, Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Other Surgeries
3) By End-Users: Clinic, Hospital, Ambulatory Care Centers, Other End Users

Surgical Robots Market Major Players and Strategies
Major players in the surgical robots market are Stryker Corporation, Medrobotics Corporation, Smith+Nephew, TransEnterix Inc., Renishaw plc, Intuitive Surgical, Medtronic, THINK Surgical, Inc., Zimmer Biomet, Johnson & Johnson Private Limited, Titan Medical Inc, Mazor Robotics, KUKA AG, avateramedical GmbH, Corindus Vascular Robotics, and MicroSure.

ARCH Medical Solutions Corp., a US-based mix of engineering skills and precision-machining technologies, purchased Bettanini’s Custom Manufacturing for an unknown sum in February 2023. This acquisition strengthens and expands the company’s portfolio and capabilities to provide precise manufacturing to industry-leading OEMs. Bettanini’s Custom Manufacturing is a precision-machined component manufacturer situated in the United States.

The Surgical Robots Global Market Report 2023 covers regional data on surgical robots market size, surgical robots market trends and drivers, opportunities, strategies, and surgical robots market competitor analysis. The countries covered in the 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.

A surgical robot is a computer-controlled device that assists surgeons during surgical procedures. The robot is made up of many arms that are outfitted with surgical instruments and a camera that provides a high-resolution, three-dimensional image of the operating site. Surgeons utilise it to reduce blood loss, decrease hospital stays, and hasten patient recovery.

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