Surgical Robotics Market Expected to Reach $188.8 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Surgical Robotics Market," The surgical robotics market was valued at $78.8 billion in 2022, and is estimated to reach $188.8 billion by 2032, growing at a CAGR of 9.1% from 2023 to 2032. Surgical robotics refers to the advanced robotic systems, technology, and devices that assist and enhance the capabilities of surgeons during various medical procedures. These robotic systems are designed to perform precise and controlled movements, providing surgeons with increased dexterity, improved visualization, and enhanced manipulation of surgical instruments.

The surgical robotics market trends is driven by rapid technological advancements in surgical technology, increase in investments in research and development activities, and its extensive application in critical surgeries such as cardiac, orthopedic and neurosurgery. In addition, the wide scope of applications in different surgeries, surge in demand for advanced medical facilities, and rise in incidence of diseases such as cancer and obesity, majorly supplement the rise in demands for surgical robotic systems.

In addition, the rise in the trend toward minimally invasive surgery has been a significant driver for the adoption of surgical robotics, which is expected to drive the market growth. Minimally invasive surgery techniques involve smaller incisions, reduced trauma to surrounding tissues, and quicker patient recovery times compared to traditional open surgeries, which support the surgical robotics industry growth.

Surgical robots in minimally invasive procedures offer enhanced visualization, precision, and maneuverability within tight spaces. Surgeons control robotic instruments remotely with enhanced dexterity, mimicking natural hand movements. As patient’s demand for less invasive procedures grows, surgical robots become an attractive option for surgeons aiming to deliver optimal outcomes while minimizing patient discomfort and recovery periods, which boost the market growth. Thus, the shift in trend from conventional surgery to minimally invasive surgery is responsible for the growth of this market. 

The growth of the surgical robotics industry is fueled by factors such as technological advancements, the trend toward minimally invasive surgery, improved patient outcomes, and expanding applications of surgical robotics systems. As surgical robotics continues to advance, its role in enhancing surgical precision, patient outcomes, and overall healthcare quality are likely to become even more prominent. For instance, Versius Surgical Robotic System by CMR Surgical Ltd. was first introduced in 2019, which offers modularity and flexibility, allowing surgeons to choose and customize the instruments and accessories needed for each procedure. This adaptability makes it suitable for a wide range of surgeries, from general surgery to gynecology. Thus, advancements in surgical robotics products propel the market growth. 

On the basis of component, the surgical robotics market is categorized into systems, accessories, and services. The services segment dominated surgical robotics market size in 2022, owing to the rise in adoption of the services and rise in number of robotics-assisted surgeries. However, systems segment is expected to register the highest CAGR during surgical robotics market forecast period. This is attributed to the rise in advancements and innovations in surgical robotics systems.

On the basis of surgery type, the surgical robotics market analysis is categorized into gynecology surgery, urology surgery, neurosurgery, orthopedic surgery, general surgery, and other surgery. The general surgery segment dominated surgical robotics market share in 2022 and is also expected to register the highest CAGR during the forecast period, owing to rise in demand for minimally invasive procedures, rise in number of general surgeries and ongoing technological advancements drives the demand for surgical robotics in general surgeries. For instance, according to the Intuitive Surgical, Inc. company around 720,000 general surgeries were performed by using da Vinci Surgical System in 2022.

Region wise, North America dominated the surgical robotics market share, in terms of revenue, owing to an increase in cases of chronic diseases, presence of major key players, and rise in healthcare expenditure. In addition, a rise in regulatory product launches is expected to drive market growth in the region during the forecast period. For instance, in March 2021, Zimmer Biomet Holdings, Inc., a global leader in musculoskeletal healthcare, introduced ZBEdge Connected Intelligence Suite of currently available and soon to be launched digital and robotic technologies. ZBEdge technologies are purposefully engineered to deliver transformative data-powered clinical insights, shared seamlessly across the patient journey, to improve patient outcomes. 

However, Asia-Pacific is anticipated to witness notable growth, owing to increase in investments for development of advanced surgical robotics systems, large patient population, rise in healthcare expenditure. In addition, surge in awareness about diseases and advanced treatment options leading to early detection and diagnosis of conditions thereby drive the demand for surgical robotics and propels the market in this region.  

Key Findings of the Study  

• On the basis of component, the services segment was largest contributor to the market in 2022.  
• On the basis of surgery type, the general surgery segment was largest contributor to the market in 2022.  
• Region wise, North America generated the largest revenue in 2022. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.