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What fueled the previous growth in the ai-based surgical robots market?
There has been a significant expansion in the market size of AI-based surgical robots in the past few years. The market is predicted to increase from $6.72 billion in 2024 to $8.02 billion in 2025, marking a compound annual growth rate (CAGR) of 19.3%. Factors such as an aging demographic, a surge in the demand for minimally invasive surgery, heightened healthcare spending, the necessity for patient safety, and a rise in chronic diseases have all contributed to the growth experienced during the historical period.
What will be the ai-based surgical robots market size in the future?
The market for AI-based surgical robots is anticipated to undergo swift expansion in the upcoming years, reaching a worth of $15.1 billion in 2029, with a compound annual growth rate (CAGR) of 17.1%. Factors contributing to this growth during the forecast period include advancements in telemedicine and remote surgery, rise in investment, an upsurge in the number of robotic surgeries, and a dearth of medical professionals. The forecast period is also set to witness some key trends such as the integration of AI and machine learning, the emergence of robotics-as-a-service (raas), shrinking sizes and improved portability of devices, surgical data analytics, patient-specific surgical strategizing, and interdisciplinary cooperation.
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What main drivers are fueling expansion in the ai-based surgical robots market?
The ascension in the use of high-tech robots by surgeons for diverse functions has aided in the expansion of the AI-based surgical robots market. Robots are programmed machines capable of executing pre-set tasks. With technological progression, the application of AI has proved beneficial in enhancing the efficiency, precision, and performance of these robotic machines. AI-based surgical robots have found their use in myriad surgeries and specialties including neurology, urology, ENT, thoracic surgery, colorectal surgery, among others. As an illustration, consultancy firm Oliver Wyman declared in 2023 that robotic surgery has been employed in 2% of surgeries in Europe and approximately 15% in the US. Consequently, the escalating utilization of high-tech robots by surgeons for assorted functions is catalyzing the development of the AI-based surgical robot market.
What key areas define the segmentation of the global ai-based surgical robots market?
The AI-based surgical robots market covered in this report is segmented –
1) By Product: Services, Instrument and Accessories
2) By Application: Orthopedics, Neurology, Urology, Gynecology, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers
Subsegments:
1) By Services: Installation and Commissioning Services, Training and Support Services, Maintenance and Repair Services
2) By Instruments and Accessories: Surgical Instruments, Vision Systems and Cameras, Software for Surgical Planning and Navigation, Consumables and Disposable Accessories, Integration Solutions, Specialized Robotic Systems
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Who are the dominant players expanding their reach in the ai-based surgical robots market?
Major companies operating in the AI-based surgical robots market include Accuray Incorporated, Intuitive Surgical Inc., Medtronic plc, Medrobotics Corporation, Zimmer Biomet Holdings Inc., Stereotaxis Inc., Transenterix Inc., Stryker Corporation, Activ Surgical Inc., Titan Medical Inc., CMR Surgical Inc., Smith and Nephew plc, Auris Health Inc., Corindus Vascular Robotics Inc., EndoMaster Pte Ltd., Freehand 2010 Ltd., Globus Medical Inc., Hansen Medical Inc., Johnson & Johnson, Memic Innovative Surgery Ltd., Microbot Medical Inc., Neural Analytics Inc., Renishaw plc, Restoration Robotics Inc., Synaptive Medical Inc., Think Surgical Inc., XACT Robotics Ltd., Zavation Medical Products LLC, Vicarious Surgical Inc., Asensus Surgical Inc., Brainlab AG, Corin Group plc, IMRIS Inc.
How are evolving market trends shaping ai-based surgical robots Strategies?
The emergence of innovative products is an important trend gathering momentum in the AI-based surgical robots market. Major players in the industry are creating new products to consolidate their market presence. A case in point is the Suzhou Kang Duo Robot Co., a Chinese medical firm that, in December 2022, released its Kang Duo Surgical Robot-01 (KD SR 01). The device successfully performed a robot-assisted radical pyeloplasty. Surgeries carried out by the KD SR 01 not only took less time but also showcased numerous benefits in comparison to traditional techniques like laparoscopic surgery.
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Which regions are emerging as leaders in the ai-based surgical robots market?
North America was the largest region in the AI-based surgical robots market in 2024. Asia-Pacific is expected to be the fastest-growing region in the AI-based surgical robots market share during the forecast period. The regions covered in the AI-based surgical robots market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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