Surgical Robots Industry Overview
The global surgical robots market size is expected to reach USD 18.2 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 19.3% from 2022 to 2030. Growing adoption of automated minimally invasive surgery and increasing awareness to use robotic procedures due to the potential benefits provided by these surgeries are the factors positively contributing to the growth of the market. Moreover, the increasing penetration of international players in various geographies is expected to boost the market growth over the forecast years.
Surgical Robots Market Segmentation
Grand View Research has segmented the global surgical robots market on the basis of application, and region:
Based on the Application Insights, the market is segmented into Orthopedics, Neurology, Urology, Gynecology, and Others.
- The others segment dominated the market in 2021 with a revenue share of over 30.0%. The others segment includes surgical robots that are used in oncology, laparoscopy, and various other general surgical procedures.
- The neurosurgery segment is expected to expand at the fastest growth rate over the forecast period. The rising adoption of robots in neurosurgeries owing to benefits provided by surgical robots over traditional techniques of surgery is anticipated to boost the growth of the segment at a substantial rate.
Surgical Robots Regional Outlook
- North America
- Asia Pacific
- Latin America
- Middle East Africa
Key Companies Profile Market Share Insights
The top players of the market are mainly focusing on technological development and introducing advanced and next-generation robotic instruments to hold their strong position in the global market. In addition, the rising demand for automated surgical instruments across the globe is likely to promote the entry of new companies into the market.
Some prominent players in the global surgical robots market include
- Stryker Corporation
- Smith Nephew
- TransEnterix Surgical, Inc.
- Renishaw plc.
- Intuitive Surgical
- THINK Surgical, Inc.
- Zimmer Biomet
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