Robotic Surgery Market

Robotic Surgery Market Outlook (2024 to 2034)

The global robotic surgery market size is set to be valued at US$ 5.12 billion in 2024 and is forecasted to expand at a remarkable CAGR of 11.7% to reach US$ 15.52 billion by the end of 2034.

Rising demand for robotic surgery is attributed to the prominence of the AI revolution in the medical industry. Most often, a robotic surgery system includes a camera arm and mechanical arms with surgical instruments attached to them.

Robotic surgery allows doctors to perform many types of complex procedures. Robotic surgery is performed through tiny incisions, but sometimes it is used in open surgeries. The advent of artificial intelligence and robotics has led manufacturers to program a variety of robots that can be employed in various fields, leading to robotic surgery market growth.

Cardiovascular and brain surgeries are a few of the most complex surgeries. Ongoing research focuses on developing more advanced and effective robotic technologies to minimize the risks and increase surgery success rates, contributing to significant market growth.

Key Market Growth Drivers

• Surgeons using robotic systems experience increased precision, flexibility, and control during operations. These systems provide better visibility of the surgical site, enabling surgeons to understand injuries more clearly and work faster on scars.
• Robotic surgery is often performed through tiny openings in the skin, known as minimally invasive surgery, which results in fewer complications, less pain, less noticeable scars, and shorter hospital stays.
• During a robotic-assisted procedure, surgeons use master controls to manipulate instruments that translate their movements into precise actions inside the body. The surgeon remains in control the entire time, ensuring the procedure's safety.
• Infection risk is minimal, significantly reducing post-surgery pain and expenses on painkillers. With a high success rate, more patients are trusting robotic surgery.
• Robotic surgeries provide real-time data about the body's internal state, allowing surgeons to understand conditions better and make informed decisions before any medical emergency arises.
• Previously, more surgeons were required to perform surgery, but now with robotic assistance, some tasks can be automated. This automation leads to less expensive surgeries, contributing to the expansion of the robotic surgery market size.

Report Attribute	Detail
Robotic Surgery Market Size (2024E)	US$ 5.12 Billion
Forecasted Market Value (2034F)	US$ 15.52 Billion
Global Market Growth Rate (2024 to 2034)	11.7% CAGR
Canada Market Growth Rate (2024 to 2034)	13.3% CAGR
Brazil Market Value (2034F)	US$ 124 Million
North America Market Share (2024E)	63.3%
Latin America Market Share (2034F)	2.4%
Key Companies Profiled	Intuitive Surgical; Stryker; Zimmer Biomet; Smith & Nephew; Renishaw Plc; Asensus Surgical Inc.; CMR Surgical; Globus Medical Inc.; Corindus Vascular Robotics; Olympus Corp.; Accuracy Incorporated; Medtronic Plc; Johnson & Johnson; CMR Surgical Ltd.

Why is Adoption of Robotic Surgeries Gaining Traction?

“Increased Preference for Laparoscopic or Minimally Invasive Surgery”

Increased adoption of laparoscopic or minimally invasive surgery (MIS) due to benefits to patients and surgeons, such as better screening, greater accuracy, shorter hospitalization, and reduced pain and discomfort, are driving market growth. Furthermore, rising prevalence of gynecological, neurological, and urological illnesses is a primary driver for market expansion.

Surgical robotics offer less invasive operations, resulting in smaller incisions, less stress to surrounding tissues, and faster recovery times, which propel market expansion. Patients are increasingly opting for procedures that result in less discomfort and shorter hospital stays, and surgical robots meet these needs, further supporting market growth.

• For example, TransEnterix's Senhance Surgical System is designed for minimally invasive procedures. It enhances precision and control during treatments such as hernia repairs and gallbladder surgery, leading to shorter hospital stays and quicker recoveries.

“Advanced Visualization Technologies Enabling Examination of Intricate Anatomical Features”

Many surgical robotic systems use advanced visualization technologies, including high-resolution 3D imaging and augmented reality. These technologies provide surgeons with an improved view of the operating site, allowing them to see intricate anatomical features and perform complex tasks. The availability of enhanced healthcare infrastructure, an increase in unmet healthcare needs, the prevalence of chronic illnesses, and a rise in demand for sophisticated surgical robotics technologies are all likely to drive market expansion.

Market growth is propelled by the increasing need for automation in the healthcare industry and a shift towards advanced robotic surgery. Furthermore, emerging markets such as Brazil, India, China, and other developing countries will create attractive opportunities for the surgical robot market.

What Barriers Do Healthcare Institutions Face When Using Robotic Systems?

“High Initial Expenses and Patient Safety Concerns”

High initial expenses involved with procuring and integrating robotic systems, including infrastructure and training, are a financial obstacle for many healthcare institutions, potentially impeding market expansion. The adoption process is slowed by regulatory difficulties, patient safety concerns, and the necessity for thorough clinical validation of robotic treatments. Furthermore, the complexity of surgical robots needs specialized training for surgeons, which might result in a lack of competent specialists. These challenges together impede the quick growth of the surgical robotics industry.

Financial restrictions, cautious adoption, and evolving priorities may all hinder demand. However, the magnitude of the impact is determined by several factors, including the severity and duration of the recession, the general healthcare expenditure environment, and robotic technology's value proposition in enhancing patient care.

Country-wise Analysis

The market in Latin America is forecasted to expand at a CAGR of 7.8% from 2024 to 2034.

Why are Manufacturers Lining Up in the United States?

“Increasing Usage of Surgical Robots in Ambulatory Surgical Centers”

Attribute	United States
Market Value (2024E)	US$ 3.1 Billion
Growth Rate (2024 to 2034)	12.9% CAGR
Projected Value (2034F)	US$ 10.45 Billion

The United States has been witnessing a rise in the number of outpatient surgical procedures due to their cost-efficiency. Outpatient surgery is often called ambulatory surgery, day surgery, or day-case surgery. This surgery does not necessitate an overnight stay in the hospital. The word "outpatient" refers to patients who attend and depart the facility on the same day. The pros include more convenience and lower expenses.

Comparing outpatient surgery to inpatient surgery reveals significant advantages. Ambulatory surgery centers (ASCs) provide surgical, diagnostic, and preventative treatments without requiring hospitalization. ASCs offer substantial savings for governments, third-party payers, and patients. They deliver lower procedural costs than hospitals, resulting in significant annual savings for Medicare and its beneficiaries. In addition, ASCs reduce patient co-payments significantly. These financial benefits of ASCs and outpatient settings have driven a surge in surgical operations, while hospital inpatient visits in the United States have decreased.

Why are We Seeing Increasing Adopting of Surgical Robots in Japan?

“Rising Incidence of Knee and Hip Replacement Procedures”

Attribute	Chile
Market Value (2024E)	US$ 51 Million
Growth Rate (2024 to 2034)	8.1% CAGR
Projected Value (2034F)	US$ 112 Million

One of the main factors projected to drive the adoption of surgical robots in Japan's healthcare sector is the increasing frequency of knee and hip replacement procedures. Conditions such as arthritis, bone degenerative diseases, and osteoporosis contribute to joint problems. The growing prevalence of these ailments has led to a higher number of people opting for knee and hip replacement surgeries, which is a major robotic surgery market trend.

Category-wise Evaluation

Based on application, the cardiac surgery segment is analyzed to expand at a CAGR of 11.3% from 2024 to 2034.

Why are Robotic Surgery Systems Becoming Popular among Doctors?

“Robotic Surgery Systems Offer Enhanced Visualization for Optimized Patient Outcomes”

Attribute	Robotic Surgery System
Segment Value (2024E)	US$ 3.54 Billion
Growth Rate (2024 to 2034)	11.9% CAGR
Projected Value (2034F)	US$ 10.87 Billion

Robotic surgery systems are extensively utilized by surgeons across various specialties due to their precision and enhanced visualization capabilities. These systems, which occupy a significant robotic surgery market share, enable minimally invasive procedures, resulting in shorter recovery times and reduced post-operative complications. Surgeons rely on robotic technology to optimize patient outcomes.

Which End User Significantly Employs Robotic Surgeries?

“Cost-effectiveness and Favorable Return on Investment Associated with Robotic Surgeries at Hospitals”

Attribute	Hospitals
Segment Value (2024E)	US$ 4.99 Billion
Growth Rate (2024 to 2034)	11.9% CAGR
Projected Value (2034F)	US$ 15.16 Billion

Hospitals usually house a large team of skilled surgeons who are qualified to perform complex surgeries using robotic systems on a daily basis. Hospitals are investing in robotic surgery due to its one-time cost and favorable returns, facilitating increased surgical throughput for the team.

Market Competition

To preserve their competitive advantage, key players in the robotic surgery market are increasingly focusing on adopting breakthrough technologies and forming strategic alliances with orthopedic centers and other industry participants to obtain new surgical robot capabilities. Companies are also using additional initiatives, such as new product releases collaborations, and alliances.

Increased worldwide demand for automated surgical equipment is projected to encourage the entry of new businesses into the market and adapt themselves to the evolving market trends such as combat robotic kits and minimally invasive surgeries.

• In January 2022, Smith & Nephew purchased Engage Surgical, a company that manufactures cementless knee systems in the United States. This purchase strengthened its position in meniscus tear treatments and other knee arthroscopy equipment.
• DePuy Synthes (Johnson & Johnson) obtained certification from the United States FDA for its VELYS robotic system in January 2021 and added the ATTUNE TOTAL knee system to its product range. DePuy Synthes's foray into the robotics surgical arena represents a consistent and positive trend in the usage of robots for joint replacement surgery.

Fact.MR provides detailed information about the price points of key robotic surgery manufacturers positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Key Segments of Robotic Surgery Market Research

• By Component :

  • Robotic Surgery Systems
  • Maintenance Services

• By Application :

  • Urology
  • Gynecology
  • General Surgery
  • Thoracic Surgery
  • Cardiac Surgery
  • Neurosurgery
  • Others

• By End User :

  • Hospitals
  • Research Centers

• By Region :

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa