Surgical Robots Market Analysis
Explore In-Depth Surgical Robots Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2030
Report Code: 11365
Explore In-Depth Surgical Robots Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2030
The general surgery category dominates the market with 35% share in 2024. This attributed to the extensive usage of robots for conducting surgeries on the abdomen, including the intestines, stomach, bile ducts, and pancreas. As per a study, robots are used for around 60% of the laparoscopic surgeries around the world. A key application of robotic general surgeries is colorectal cancer, which, as per the World Health Organization (WHO), accounts for 10% of all global cancer diagnoses.
The neurology category is projected to observe the fastest growth, at a CAGR of 17.4%, during the forecast period, in the surgical robots market. This growth can be attributed to the technological advancements in robotic brain surgeries and the growing usage of surgical robots for providing treatment to patients suffering from tumors and other brain conditions. Moreover, the market in this category is growing due to the prevalence of neurological disorders and the increasing demand for minimally invasive techniques for performing delicate brain surgeries.
For instance, the University of California San Francisco developed a method to treat depressive symptoms using Deep Brain Stimulation (DBS) technology. It involves implanting electrodes within the brain to deliver electrical currents to alter brain activity. This type of automatic on-demand therapy helps alleviate the patient’s symptoms and has long-term effects. Moreover, in 2021, researchers at the university developed a new kind of speech neuroprosthesis for patients with paralysis. It will help patients with a severely damaged brain stem, which can also cause whole-body paralysis. This technology will cater to epilepsy patients and aid in the real-time decoding of commands to vocal muscles into words.
Furthermore, the market is expected to be driven by the increasing use of surgical robots for treating cancer patients with ovarian, abdominal, and prostate cancer, as well as the introduction of new technologies for laparoscopic operations.
The below-mentioned applications have been analyzed:
Hospitals are the largest end users of surgical robots in the market, with 55% share in 2024. This is due to the large number of surgeries performed in these healthcare facilities, globally. With the increase in cases of chronic diseases among the population, the number of surgeries increases in hospitals. Moreover, the presence of well-developed hospitals in countries like the U.S. and Canada and their favorable outcomes increase the footfall in these settings, due to the usage of advanced technologies, including robotics.
The ambulatory surgery centers category will witness the higher CAGR, of 17.0%, over the forecast period. This is because ASCs offer cost-effective surgeries with less pain, shorter hospital stay, quicker turnaround, and fewer complications. Surgical robots are vital at ASCs to offer same-day procedures to patients.
The segment is categorized as follows:
The instruments and accessories category holds the largest market share in 2024, and it will also witness the fastest growth, over the forecast period. This is due to the increase in surgical procedures globally, which eventually make hospitals purchase instruments and accessories on a recurring basis. The hospitals are required to maintain stock of these items, which are needed during surgical procedures. Also, these instruments are a one-time investment and comparatively cheaper than robotic systems.
We have covered the following offerings:
The following regions and countries are covered in the report:
Want a report tailored exactly to your business need?
Request CustomizationWorking with P&S Intelligence and their team was an absolute pleasure – their awareness of timelines and commitment to value greatly contributed to our project's success. Eagerly anticipating future collaborations.
McKinsey & Company
IndiaOur insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws
Customize the Report to Align with Your Business Objectives
Request the Free Sample Pages