Market Overview:
The Surgical Robots Market size is expected to grow from USD 6.9 billion in 2022 to USD 14.7 billion by 2030, at a CAGR of 10 % during the forecast period.
Surgical robots are useful for many minimally invasive surgeries since it enables precise manipulation of surgical instruments beyond human ability in a small operation space. In the presence and guidance of skilled surgeons Surgical robots are used to perform many computer-assisted surgeries. Robotic surgery is the next generation of minimally invasive surgery. This type of surgery involves a computer-controlled robot that assists surgeons during various surgeries or operations. Robotic-assisted surgery is commonly used to treat a wide variety of conditions because it’s been shown to incur fewer complications and a quicker recovery for the patient. The surgeon controls the arms while seated at a computer console near the operating table.
Top Key Players in Surgical Robots Market:
Medrobotics Corporation (US), Stryker Corporation (US), Titan Medical (Canada), Asensus Surgical (US), Zimmer Biomet Holdings, Inc. (US). China national scientific instruments (China). Think Surgical Inc (US). TransEnterix Surgical, Inc (US). Johnson and Johnson (US). Avateramedical gmbh (Germany), Smith and Nephew (UK), Corindus Vascular Robotics (Massachusetts), Intuitive Surgical (US), and Other Major Players.
Market Dynamics and Factors for Surgical Robots Market:
Drivers:
The growing use of Robots in Minimally Invasive Surgeries and Open Surgeries
Surgical robots provide high precision and dexterity, allowing surgeons to perform complex and delicate procedures with greater accuracy. This precision is particularly crucial in minimally invasive surgeries, where precise movements are essential due to limited access to the surgical site. Robotic systems often incorporate advanced imaging technologies, providing surgeons with enhanced visualization of the surgical area. This improved visual feedback allows for more informed decision-making during surgery. In minimally invasive surgeries, robotic systems allow surgeons to make smaller incisions compared to traditional open surgeries. Smaller incisions lead to reduced trauma, less scarring, shorter recovery times, and decreased postoperative pain for patients.
Opportunities:
Opportunity in Growing Technological Advancements in Surgical Robots
Technological advancements enable surgical robots to perform more complex procedures with increased precision and efficiency. As the capabilities of robotic systems expand, the range of surgeries that can be performed using robotic assistance will also grow, creating new market opportunities. Improvements in robotic technology allow for smaller, more flexible robotic arms and better imaging capabilities. This facilitates more sophisticated minimally invasive procedures, leading to reduced patient trauma, shorter recovery times, and higher patient satisfaction. Advancements in robotics allow for better integration of surgical instruments and sensors. Robotic systems can be equipped with specialized tools and sensors for specific procedures, increasing their versatility and usability across various surgical specialties.
Segmentation Analysis of the Surgical Robots Market:
By Component, the robot systems segment is Anticipated to Dominate the Market Over the Forecast period. Robot systems are equipped with sophisticated technology, including robotic arms, imaging capabilities, and haptic feedback. These advanced features allow for precise and controlled movements during surgery, making them highly attractive to surgeons.
By Application, the gynecologic surgery segment is Anticipated to Dominate the Market Over the Forecast period. Gynecologic surgeries, especially those performed for gynecologic oncology, can be complex and require a high level of precision. Robotic systems offer enhanced dexterity and precision, making them well-suited for these intricate procedures.
Regional Analysis of the Surgical Robots Market:
North America is dominating the global market owing to technological innovations in AI, miniature robots, and remote surgery. In this region, surgical robots assist medical professionals by making the procedures safer and less expensive for patients. Moreover, product launches and acquisitions in the US and Canada create more opportunities for key players to enhance their product portfolio. Increasing penetration of surgical robots in ambulatory surgery centers and emerging markets will create opportunities for market growth.
Key Industry Development:
In August 2022, Max Hospital in Mohali launched the ‘Da Vinci Xi’, a robot that will be used for surgeries under various disciplines including gynecology, oncology, urology, general surgery, bariatric (weight loss), hernia, and gastrointestinal.
In November 2020, Johnson and Johnson announced the launch of its surgical robot, Ottava The new system is designed with six arms to provide more control and flexibility in surgery, while its arms will be integrated into the operating table. Additionally, the platform has a zero-footprint design to enable patient access, increase space in the operating room and improve workflow.
