The global surgical robots market is experiencing remarkable growth, driven by the increasing demand for minimally invasive surgeries worldwide. Valued at USD 7.40 billion in 2023, the market is projected to expand at a compound annual growth rate (CAGR) of 15.7% during the forecast period from 2024 to 2032. By 2032, it is expected to reach a significant market size of USD 27.51 billion. This article delves into the factors driving this expansion, discusses the key players in the industry, and answers some frequently asked questions (FAQs) related to surgical robots.
The Surgical Robots Market
Surgical robots are advanced medical devices designed to aid surgeons during procedures by providing precision, flexibility, and control beyond human capabilities. These robots are often used in minimally invasive surgeries, where smaller incisions are made, leading to faster recovery times, reduced pain, and lower risks of complications. The rise in the adoption of minimally invasive procedures has been the driving force behind the growth of the surgical robots market.
The global demand for robotic surgery systems has surged in recent years due to several factors, including an aging population, the growing prevalence of chronic diseases, and advancements in robotic technologies. These robots are not only assisting surgeons in performing complex operations with greater precision but are also reducing the overall time and costs associated with surgical procedures.
Get a Free Sample Report with Table of Contents : https://www.expertmarketresearch.com/reports/surgical-robots-market/requestsample
Market Drivers
Several key factors are propelling the growth of the surgical robots market:
1. Increasing Demand for Minimally Invasive Surgeries
Minimally invasive surgeries (MIS) are preferred by both patients and surgeons due to their numerous advantages over traditional open surgeries. These advantages include smaller incisions, shorter hospital stays, less postoperative pain, quicker recovery, and reduced scarring. Surgical robots, such as the da Vinci Surgical System, have become integral to these procedures, offering enhanced dexterity, precision, and control, thereby improving surgical outcomes.
2. Technological Advancements
Technological innovations in robotics, artificial intelligence (AI), and machine learning have significantly enhanced the capabilities of surgical robots. Modern surgical robots feature high-definition 3D imaging, real-time monitoring, and advanced precision tools, enabling surgeons to conduct surgeries with unmatched accuracy. Additionally, the integration of AI allows robots to learn and improve their functions, enhancing their usefulness in increasingly complex surgeries.
3. Aging Population and Rising Healthcare Demand
As the global population ages, the demand for surgical procedures increases. Older adults are more likely to experience chronic health conditions such as cardiovascular diseases, cancer, and musculoskeletal disorders, which often require surgical intervention. Surgical robots are helping to address these challenges by offering better surgical precision and reduced recovery times, particularly for elderly patients who may have underlying health issues.
4. Rising Prevalence of Chronic Diseases
Chronic diseases such as cancer, cardiovascular disorders, and diabetes require regular medical attention, including surgeries. Robotic-assisted surgeries are increasingly being used in the treatment of these conditions, offering benefits like reduced risks of infection, less blood loss, and faster healing, which make them an ideal solution for patients with chronic conditions.
Market Segmentation
The global surgical robots market can be segmented based on technology, application, and end-users.
1. By Technology
- Robotic Surgery Systems: This includes complete robotic systems that facilitate the operation, such as the da Vinci Surgical System. These systems consist of multiple robotic arms controlled by a surgeon from a console.
- Robotic-Assisted Surgery: This includes smaller robotic tools or robotic arms that are controlled by surgeons during surgeries but without complete automation.
- Surgical Robot Navigation: Robotic systems with navigation technology to guide surgeons through procedures with high precision.
2. By Application
- Orthopedic Surgery: Surgical robots are increasingly used in joint replacement surgeries, particularly for hip and knee replacements, where they help improve accuracy and reduce recovery times.
- Cardiovascular Surgery: Robots are employed in minimally invasive heart surgeries, such as coronary artery bypass and valve repairs.
- Neurological Surgery: Robots aid in complex brain and spinal surgeries, offering precise control during delicate procedures.
- Gastrointestinal Surgery: Robots assist in surgeries involving the gastrointestinal tract, such as colorectal surgeries, improving precision and reducing patient trauma.
3. By End-User
- Hospitals: Large hospitals remain the primary users of surgical robots due to the high cost of robotic systems and the need for specialized facilities and personnel.
- Ambulatory Surgical Centres: These centres are increasingly adopting surgical robots to cater to the growing demand for outpatient surgeries, benefiting from faster recovery times and reduced complications.
Key Players in the Surgical Robots Market
Several key players are leading the development and commercialization of surgical robots, helping to shape the market landscape. Some of the major players in the surgical robots market include:
1. Intuitive Surgical, Inc.
Headquartered in Sunnyvale, California, Intuitive Surgical is one of the global leaders in the surgical robots market. The company is best known for its da Vinci Surgical System, which has revolutionized the field of robotic-assisted surgery. Intuitive Surgical continues to innovate and expand its product portfolio to cater to the growing demand for minimally invasive surgeries.
2. Medtronic PLC
Medtronic, based in Dublin, Ireland, is a prominent player in the medical devices and healthcare technology sector. Its Hugo™ robotic-assisted surgery platform is used in various surgical procedures, including urology, gynaecology, and general surgery. Medtronic is actively involved in advancing surgical robotics through ongoing research and development.
3. Johnson & Johnson (Verb Surgical)
Johnson & Johnson, headquartered in New Brunswick, New Jersey, has been at the forefront of surgical robotics through its subsidiary, Verb Surgical. The company’s platform combines robotic surgery with data analytics, artificial intelligence, and machine learning to improve surgical outcomes. Verb Surgical is focused on creating next-generation solutions for complex surgeries.
4. Stryker Corporation
Stryker, a US-based medical device manufacturer, has developed the MAKO robotic-arm assisted surgery system, which is widely used in orthopedic surgeries, particularly for knee and hip replacements. The company continues to expand its portfolio in the robotic surgery market, targeting multiple surgical applications.
5. Zimmer Biomet
Zimmer Biomet, based in Warsaw, Indiana, offers the ROSA™ robotic surgical platform, used in orthopedic surgeries such as knee and spinal procedures. The company’s robotic systems are designed to enhance surgical accuracy and improve patient outcomes.
Surgical Robots Market Trends
The surgical robots market is undergoing several key trends that are reshaping the healthcare landscape.
1. Expansion of Robotic-Assisted Surgeries
As robotic technology continues to evolve, more types of surgeries are being performed with the aid of robots. While robots were initially limited to certain types of surgery, advancements in technology have now expanded their use across various disciplines, from orthopaedics to neurosurgery.
2. Integration of Artificial Intelligence
The integration of artificial intelligence (AI) into surgical robots is enhancing their ability to assist surgeons in making real-time decisions. AI-enabled robotic systems can analyse surgical data, assist in planning, and provide suggestions for the best course of action during procedures. This trend is expected to gain momentum in the coming years.
3. Shift Towards Outpatient Procedures
With the increasing adoption of minimally invasive surgeries, many procedures that once required lengthy hospital stays are now being performed in outpatient settings. Robotic-assisted surgeries, with their precision and shorter recovery times, are a driving factor in this shift towards outpatient surgery centres.
4. Cost Reduction and Affordability
The high cost of surgical robots has been a barrier to widespread adoption, particularly in developing regions. However, with advancements in technology and increased competition among key players, the cost of robotic systems is gradually decreasing, making them more accessible to hospitals and surgery centres globally.
FAQs
1. What is a surgical robot?
A surgical robot is a computer-controlled device designed to assist surgeons in performing surgeries with greater precision, flexibility, and control. These robots are used in minimally invasive procedures, where they help improve outcomes by reducing the risk of complications and ensuring precise movements during surgery.
2. How do surgical robots work?
Surgical robots are controlled by a surgeon using a console, which provides them with a 3D view of the surgical site. The surgeon manipulates robotic arms equipped with surgical tools. The system translates the surgeon’s movements into smaller, more precise movements, enhancing the accuracy and efficiency of the procedure.
3. Are surgical robots safe?
Yes, surgical robots are generally safe. They are designed to assist skilled surgeons by enhancing their capabilities and offering greater precision. However, the success of robotic surgery also depends on the surgeon’s expertise and experience. Like any medical procedure, there are inherent risks, but these are minimised through proper training and technology.
4. What types of surgeries can be performed with robots?
Robotic-assisted surgeries can be used in a wide range of medical fields, including orthopaedics, urology, gynaecology, cardiovascular surgery, neurosurgery, and gastrointestinal surgery. They are particularly beneficial in minimally invasive procedures, where precision is key.
5. How much do surgical robots cost?
The cost of surgical robots varies depending on the system and its features. On average, robotic surgery systems can cost anywhere between USD 1 million and USD 2.5 million. Additionally, hospitals may incur maintenance and training costs.
