Surgical Robots Market Size

Surgical Robots Market Future Prospects

The surgical robots market will generate an estimated revenue of USD 11.8 billion in 2024, and it is expected to advance at a CAGR of around 16.7% during 2024-2030, reaching USD 30.0 billion by 2030. This can be primarily due to the increasing need for knee and hip replacement surgeries and the surging technological advancements.

In addition to that, the demand for surgical robots is rising due to the surging number of robotic surgeries, the growing focus of governments and private players to increase healthcare expenditure, and the rising product approvals. Ultimately, the market is propelled by the growing prevalence of all kinds of chronic diseases, such as cancer, CVDs, and neurological issues. The rising geriatric population is a key driver for the market in this regard as it is susceptible to long-term diseases, which can take severe forms rather quickly.