Discover trends, market shifts, and competitive outlooks for the surgical robots industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Surgical Robots Market Expected to Grow Between 2025 And 2029?

In recent years, the market size for surgical robots has seen substantial growth. The market valuation is expected to escalate from $7.87 billion in 2024 to $9.25 billion in 2025, growing at a compound annual growth rate (CAGR) of 17.6%. The expansion witnessed in the past can be traced back to factors like the heightened prevalence of chronic health conditions, rise in the aging population, need for high precision and accuracy, escalating healthcare expenditures, and an increased number of robotic-assisted procedures.

In the coming years, the surgical robots market is anticipated to experience rapid expansion. It is projected to reach an impressive $18.05 billion by 2029, with a compound annual growth rate (CAGR) of 18.2%. Factors contributing to growth during the forecasted period include the broadening applications for robotic surgery, heightened interest from emerging markets, need for remote surgical solutions, a trend for customization and personalization, and evolving regulatory approvals and standards. Key trends for the period in view are ai integration to optimize surgical accuracy, the advent of smaller surgical robots, advancements in telesurgery and remote surgical abilities, rising utilization of robotics in non-invasive surgeries, and the development of haptic feedback technology.

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What External and Internal Drivers Are Contributing to the Growth of the Surgical Robots Market?

The surgical robot market is forecasted to expand due to the increasing population of elderly and surgical patients. The demand and advancement of surgical robots are significantly influenced by these growing demographics. Surgical robots enable minimally invasive procedures which can reduce trauma, accelerate recovery and decrease complications for patients. This is especially beneficial for older people as it helps to decrease mortality and morbidity rates. For example, the World Health Organization (WHO), based in Switzerland, has predicted in its 2024 estimates that by 2030, one in every six people worldwide will be aged 60 or above. It’s forecasted that the population aged 60 and older will increase from 1 billion in 2020 to 1.4 billion by 2030, and will eventually reach 2.1 billion globally by 2050. Furthermore, according to the 2022 Annual Report from the American Joint Replacement Registry, which was published in November 2022, there were approximately 2.8 million hip and knee arthroplasty cases in the US in 2022, marking a 14% increase from 2021. Consequently, the rise in elderly and surgical patient populations propels the growth of the surgical robot market.

What Segment Types Define the Surgical Robots Market Structure?

The surgical robots market covered in this report is segmented –

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

Subsegments:

1) By Systems: Robotic Surgical Systems, Robotic Arm Systems, Tele-surgery Systems, Modular Robotic Systems

2) By Accessories: Surgical Instruments, Camera Systems, Console And Control Units, Power Supply Units

3) By Services: Installation And Training Services, Maintenance And Repair Services, Technical Support Services, Upgrades And Software Services

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Which Geographic Areas Hold the Strongest Growth Potential in the Surgical Robots Market?

The countries covered in the surgical robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Long-Term Trends Are Transforming the Competitive Landscape of the Surgical Robots Market?

Key players in the field of surgical robotics are working on creating ground-breaking systems, such as CMR Surgical’s Versius, which incorporates unique characteristics to augment robot-aided surgery. The Versius® is a modular surgical robot engineered by CMR Surgical with the goal of assisting surgeons with less invasive surgeries across diverse specialities. For example, in June 2023, CMR Surgical, a medical equipment manufacturer from the UK, introduced the Versius® Surgical Robot. This unveiling put a spotlight on the robot’s adaptability and sophisticated functionalities, with a focus on enhancing surgical results and driving a wider adoption of robot-assisted surgeries in regional hospitals.

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What Is the Definition of the Surgical Robots Market?

A surgical robot is an automated device that assists surgeons during surgical procedures. The robot comprises multiple arms that are fitted with surgical instruments and a camera for providing a high-resolution, three-dimensional picture of the operative site. It is used by surgeons to lessen blood loss, shorten hospital stays, and speed up patient recovery.

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