At what pace is the surgical robots market growing, and what is its estimated value?
The surgical robots market size has grown rapidly in recent years. It will grow from $7.87 billion in 2024 to $9.25 billion in 2025 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to increasing prevalence of chronic diseases, the growing aging population, high precision and accuracy requirements, increased healthcare spending, surge in robotic-assisted procedures.
The surgical robots market size is expected to see rapid growth in the next few years. It will grow to $18.05 billion in 2029 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to expansion of indications for robotic surgery, increasing adoption in emerging markets, demand for remote surgery solutions, customization and personalization trends, regulatory approvals and standards. Major trends in the forecast period include ai integration for surgical precision, rise of miniaturized surgical robots, telesurgery and remote surgical capabilities, increased use of robotics in non-invasive surgeries, haptic feedback technology.
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What are the top drivers to the rising demand in the surgical robots market?
The increasing elderly and surgical patient populations are expected to propel the growth of the surgical robot market going forward. The growing elderly and surgical patient populations substantially impact the use and development of surgical robots. Minimally invasive procedures performed by surgery robots are used to reduce patient trauma, shorten recovery times, and cut complication rates. These benefits are critical for aged people to lower mortality and morbidity rates. For instance, according to the World Health Organization (WHO), a Switzerland-based Intergovernmental organization 2024 estimates, 1 in 6 people globally will be aged 60 or older by 2030. The population aged 60 and above is expected to grow from 1 billion in 2020 to 1.4 billion by this time. By 2050, this number will double, reaching 2.1 billion worldwide. Further, according to the American Joint Replacement Registry’s 2022 Annual Report, released in November 2022, hip and knee arthroplasty cases in the US reached around 2.8 million in 2022, an increase of 14% from 2021. Therefore, increasing elderly and surgical patient populations drive the surgical robot market.
How is the surgical robots market segmented?
The surgical robots market covered in this report is segmented –
1) By Component: Systems, Accessories, Services
2) By Surgery Type: Gynecology Surgery, Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Other Surgeries
3) By End-Users: Clinic, Hospital, Ambulatory Care Centers, Other End Users
Subsegments:
1) By Systems: Robotic Surgical Systems, Robotic Arm Systems, Tele-surgery Systems, Modular Robotic Systems
2) By Accessories: Surgical Instruments, Camera Systems, Console And Control Units, Power Supply Units
3) By Services: Installation And Training Services, Maintenance And Repair Services, Technical Support Services, Upgrades And Software Services
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Who are the top competitors in the surgical robots market?
Major companies operating in the surgical robots market include Stryker Corporation, Medrobotics Corporation, Smith & Nephew plc, TransEnterix Inc., Renishaw plc, Intuitive Surgical Inc., Medtronic plc, THINK Surgical Inc., Zimmer Biomet Holdings Inc., Johnson & Johnson, Titan Medical Inc., Mazor Robotics Ltd., KUKA Aktiengesellschaft, Avatera Medical GmbH, Corindus Vascular Robotics Inc., MicroSure (Pty) Ltd, Asensus Surgical Inc., Siemens Healthcare GmbH, CMR Surgical Ltd., Auris Health Inc., Verb Surgical Inc., OMNIlife Science Inc., Vicarious Surgical Inc., Microbot Medical Inc., Virtual Incision Corporation, Memic Innovative Surgery Ltd., XACT Robotics Ltd., EndoMaster Pte. Ltd., MST Medical Surgery Technologies Ltd., Medtech SA
Which transformative trends will shape the surgical robots market landscape?
Major companies in the surgical robot sector are focused on developing innovative systems like CMR Surgical’s Versius, which leverages unique features to enhance robotic-assisted surgery. Versius® is a modular surgical robot developed by CMR Surgical, designed to assist surgeons in performing minimally invasive surgeries across various specialties. For instance, in June 2023, CMR Surgical, a UK-based medical equipment manufacturing company, Launched Versius® Surgical Robot. This launch highlighted the robot’s versatility and advanced capabilities, aiming to improve surgical outcomes and increase the adoption of robotic-assisted surgeries in hospitals across the region
What are the major regional insights for the surgical robots market, and which region holds the top position?
North America was the largest region in the surgical robots market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global surgical robots market report forecast period. The regions covered in the surgical robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Surgical Robots Market Report 2025 Offer?
The surgical robots market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A surgical robot is an automated device that assists surgeons during surgical procedures. The robot comprises multiple arms that are fitted with surgical instruments and a camera for providing a high-resolution, three-dimensional picture of the operative site. It is used by surgeons to lessen blood loss, shorten hospital stays, and speed up patient recovery.
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