The ai-based surgical robots global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
AI-based Surgical Robots Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ai-based surgical robots market size has grown exponentially in recent years. It will grow from $5.73 billion in 2023 to $6.88 billion in 2024 at a compound annual growth rate (CAGR) of 20.0%. The growth in the historic period can be attributed to aging population, demand for minimally invasive surgery, rise in healthcare expenditure, need for patient safety, increased prevalence of chronic diseases.
The ai-based surgical robots market size is expected to see rapid growth in the next few years. It will grow to $13.12 billion in 2028 at a compound annual growth rate (CAGR) of 17.5%. The growth in the forecast period can be attributed to telemedicine and remote surgery, increasing investment, increasing number of robotic surgeries, shortage of medical professionals, . Major trends in the forecast period include ai and machine learning integration, robotics-as-a-service (raas), miniaturization and portability, surgical data analytics, patient-specific surgical planning, interdisciplinary collaboration.
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Scope Of AI-based Surgical Robots Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
AI-based Surgical Robots Market Overview
Market Drivers –
The increase in the adoption of technologically advanced robots by surgeons for various applications has contributed to the growth of the AI-based surgical robots market. Robots are automated machines that can perform pre-programmed tasks. With the advancement in technology AI technology is also being used to improve, the efficiency, accuracy, and performance of robots. AI-based surgical robots are used in various surgeries and specialties such as neurology, urology, ENT, thoracic surgery, colorectal surgery, and others. For instance, in 2023, according to Oliver Wyman, a US-based management consulting firm, robotic surgery is used in 2% of surgeries across Europe and about 15% in the US . Therefore, the increasing adoption of technologically advanced robots by surgeons for various applications is driving the growth of the AI-based surgical robot market.
Market Trends –
The development of new products is a key trend gaining popularity in the AI-based surgical robot’s market. Major companies operating in the market are developing new products to strengthen their position in the market. For Instance, in December 2022, Suzhou Kang Duo Robot Co., a China-based medical company, launched Kang Duo Surgical Robot-01 (KD SR 01). The device completed a robot-assisted radical pyeloplasty. These surgeries performed by the KD SR 01 required less time and have demonstrated advantages over conventional methods such as laparoscopic surgery.
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 Centres
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Regional Insights –
North America was the largest region in the AI-based surgical robots’ market in 2023. 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.
Key Companies –
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.
Table of Contents
- Executive Summary
- AI-based Surgical Robots Market Report Structure
- AI-based Surgical Robots Market Trends And Strategies
- AI-based Surgical Robots Market – Macro Economic Scenario
- AI-based Surgical Robots Market Size And Growth
…..
- AI-based Surgical Robots Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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