Surgical Robotics Market Report 2024 (Global Edition)

Global Surgical Robotics Market Report 2024 Market Size Split by Product & Service (Instruments & Accessories, Robotic Systems, Laparoscopy Robotic Systems, Orthopedic Robotic Systems., Neurosurgical ...

Surgical Robotics Market Report Description

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Surgical Robotics Market Insights Video

Competitive Landscape of the Surgical Robotics Market

The Surgical Robotics Market is highly competitive, dominated by key players such as Intuitive Surgical, Stryker Corporation, and Medtronic, who lead with advanced technologies and extensive product portfolios. New entrants and smaller companies like Asensus Surgical and Think Surgical are innovating to capture niche segments. Strategic collaborations, mergers, and acquisitions are common as companies seek to expand their market presence. The integration of AI and machine learning in robotic systems is also intensifying competition, driving continuous innovation and technological advancements.

June 2022: Stryker, a leading innovator in medical technology, has opened a new research and development facility called Stryker's Global Technology Centre (SGTC) at the International Tech Park in Gurgaon. Spanning 150,000 square feet, this facility is set to enhance innovation both in India and worldwide, aligning with the company's mission to advance healthcare. (Source: https://www.stryker.com/in/en/about/news/2022/stryker-strengthens-its-r-d-capabilities-with-advanced-global-te.html) August 2022: THINK Surgical, Inc., a pioneer in orthopedic surgical robotics, announced a partnership with Curexo, Inc., a South Korean medical robotics company, to collaborate on development and distribution. (Source: https://www.prnewswire.com/news-releases/think-surgical-and-curexo-announce-entry-into-development-and-distribution-agreement-301597044.html) June 2022: Intuitive, a leading global innovator in minimally invasive care and robotic-assisted surgery, announced that the U.S. Food and Drug Administration has approved the integration of mobile cone-beam CT (CBCT) imaging technology with the Ion Endoluminal System for robotic-assisted bronchoscopy. (Source: https://isrg.gcs-web.com/news-releases/news-release-details/intuitive-and-siemens-healthineers-enhance-scanning-integration)

Top Companies Market Share in Surgical Robotics Industry: (In no particular order of Rank)

• Intuitive Surgical Inc
• Stryker Corporation
• Medtronic plc
• Zimmer Biomet Holdings Inc
• Johnson & Johnson (Ethicon Inc.)
• Smith & Nephew plc
• Asensus Surgical Inc
• Globus Medical Inc
• Corindus Vascular Robotics (Siemens Healthineers)
• Think Surgical Inc
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Surgical Robotics Market

Which Region Dominates the Surgical Robotics Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's advanced healthcare infrastructure, high adoption of cutting-edge technologies, and significant investment in medical research. The region benefits from a well-established market for robotic surgical systems, driven by the presence of leading manufacturers and a strong focus on improving surgical outcomes. Additionally, supportive government policies, high healthcare spending, and a large patient population contribute to North America's dominance in the market.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the Surgical Robotics Market due to rapid advancements in healthcare infrastructure and increasing investments in medical technology. Rising healthcare demands, expanding patient populations, and growing awareness of robotic-assisted surgeries drive market growth. Additionally, supportive government initiatives and improving access to advanced healthcare services in emerging economies contribute to the accelerated adoption of surgical robotics in the region.

The current report Scope analyzes Surgical Robotics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Surgical Robotics Market

According to Cognitive Market Research, the global Surgical Robotics market size was estimated at USD 8815.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3526.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Surgical Robotics market with a market size of USD 2782.20 million in 2024 and is projected to grow at a CAGR of 15.2% during the forecast period. The nation's advanced healthcare infrastructure, high adoption of innovative technologies, and substantial investments in medical research is driving the Surgical Robotics market.
• The Canada Surgical Robotics market had a market share of USD 423.15 million in 2024 and is projected to grow at a CAGR of 16.2% during the forecast period. Canada's supportive government policies and a high volume is driving the Surgical Robotics market.
• The Mexico Surgical Robotics market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 320.89 million in 2024.

Europe Surgical Robotics Market

According to Cognitive Market Research, the global Surgical Robotics market size was estimated at USD 8815.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2644.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.

• The United Kingdom Surgical Robotics market had a market share of USD 444.31 million in 2024 and is projected to grow at a CAGR of 16.5% during the forecast period. In the UK, Surgical Robotics sales witness an upswing due to increasing adoption of advanced surgical technologies, substantial investments in healthcare infrastructure, and rising demand for minimally invasive procedures.
• The France Surgical Robotics market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 243.31 million in 2024.
• According to Cognitive Market Research, the German Surgical Robotics market size was valued at USD 523.65 million in 2024 and is projected to grow at a CAGR of 15.9% during the forecast period. In Germany, Surgical Robotics surged due to the presence of major market players.
• The Italy Surgical Robotics market is projected to witness growth at a CAGR of 15.1% during the forecast period, with a market size of USD 227.44 million in 2024.
• The Russia Surgical Robotics market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 409.93 million in 2024.
• The Spain Surgical Robotics market is projected to witness growth at a CAGR of 14.8% during the forecast period with a market size of USD 216.86 million in 2024
• The Luxembourg Surgical Robotics market is projected to witness growth at a CAGR of 15.8% during the forecast period, with a market size of USD 81.99 million in 2024.
• The Portugal Surgical Robotics market is projected to witness growth at a CAGR of 15.5% during the forecast period, with a market size of USD 55.54 million in 2024.
• The Greece Surgical Robotics market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 31.74 million in 2024.
• Rest of Europe's Surgical Robotics market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 409.93 million in 2024.

Asia Pacific Surgical Robotics

According to Cognitive Market Research, the global Surgical Robotics market size was estimated at USD 8815.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2027.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Surgical Robotics market size was valued at USD 912.41 million in 2024 and is projected to grow at a CAGR of 18.7% during the forecast period. Surgical Robotics surged in China due to rapid advancements in healthcare infrastructure, increasing investment in medical technology, and rising demand for advanced surgical solutions.
• The Japan Surgical Robotics market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 279.81 million in 2024.
• The India Surgical Robotics market had a market share of USD 243.31 million in 2024 and is projected to grow at a CAGR of 21.0% during the forecast period. India's improving access to high-quality healthcare is driving the Surgical Robotics market.
• The South Korean Surgical Robotics market is projected to witness growth at a CAGR of 18.3% during the forecast period, with a market size of USD 202.76 million in 2024.
• The Australian Surgical Robotics market is projected to witness growth at a CAGR of 18.9% during the forecast period, with a market size of USD 105.43 million in 2024.
• The South East Asia Surgical Robotics market is projected to witness growth at a CAGR of 20.2% during the forecast period, with a market size of USD 139.90 million in 2024.
• The Rest of Asia Pacific Surgical Robotics market is projected to witness growth at a CAGR of 19.0% during the forecast period, with a market size of USD 143.96 million in 2024.

South America Surgical Robotics Market

According to Cognitive Market Research, the global Surgical Robotics market size was estimated at USD 8815.6 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 440.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.6% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Surgical Robotics market size was valued at USD 188.65 million in 2024 and is projected to grow at a CAGR of 17.2% during the forecast period. Surgical Roboticss flourished in Brazil due to improving healthcare infrastructure, increasing investments in advanced medical technologies, and rising demand for minimally invasive procedures.
• Argentina's Surgical Robotics market had a market share of USD 74.05 million in 2024 and is projected to grow at a CAGR of 17.5% during the forecast period. Argentina's increasing awareness of the benefits of robotic-assisted surgeries augment the demand.
• Colombia Surgical Robotics market is projected to witness growth at a CAGR of 16.4% during the forecast period, with a market size of USD 39.23 million in 2024.
• Peru Surgical Robotics market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 36.14 million in 2024.
• Chile Surgical Robotics market is projected to witness growth at a CAGR of 16.9% during the forecast period, with a market size of USD 31.74 million in 2024.
• The Rest of Latin America's Surgical Robotics market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 70.97 million in 2024.

Middle East and Africa Surgical Robotics Market

According to Cognitive Market Research, the global Surgical Robotics market size was estimated at USD 8815.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 176.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2024 to 2031..

• The GCC Countries Surgical Robotics market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 75.46 million in 2024. Surgical Robotics sales flourish due to the presence of major market players.
• The Egypt Surgical Robotics market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 18.51 million in 2024.
• The South Africa Surgical Robotics market is projected to witness growth at a CAGR of 17.9% during the forecast period, with a market size of USD 27.86 million in 2024. Surgical Robotics sales flourish in South Africa due to expanding healthcare infrastructure, increasing investments in advanced medical technologies, and a rising demand for high-quality surgical procedures.
• The Turkey Surgical Robotics market is projected to witness growth at a CAGR of 16.4% during the forecast period, with a market size of USD 15.16 million in 2024.
• The Nigeria Surgical Robotics market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 18.51 million in 2024.
• The Rest of MEA Surgical Robotics market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 20.80 million in 2024.

Surgical Robotics Market Analysis

Surgical Robotics Market Product & Service Segment Analysis

According to Cognitive Market Research, Instruments & Accessories stands out as the dominant category. Instruments & accessories captured the largest market share in the Surgical Robotics Market due to their essential role in enabling the functionality and precision of robotic surgical systems. These components, including specialized surgical tools and accessories, are critical for various procedures, ensuring accurate and effective outcomes. The high demand for advanced, reliable instruments and the need for regular updates and replacements drive their significant market share compared to robotic systems themselves.

Robotic systems are growing at the highest CAGR in the Surgical Robotics Market due to their transformative impact on surgical precision and patient outcomes. Advancements in robotic technology, such as improved dexterity and automation, enhance surgical capabilities and reduce recovery times. Increasing adoption of minimally invasive procedures and rising investments in robotic surgical systems drive this growth. Additionally, ongoing innovations and expanding applications across various surgical specialties contribute to the rapid market expansion of robotic systems.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Surgical Robotics Industry. Request a Free Sample PDF!

Surgical Robotics Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is General Surgery. General surgery captured the largest market share in the Surgical Robotics Market due to the broad application of robotic systems across various common procedures, including minimally invasive surgeries. The versatility and precision of robotic systems improve outcomes and reduce recovery times, making them widely adopted in general surgery. Additionally, the high volume of general surgical procedures and the growing preference for robotic-assisted techniques for routine operations contribute to the dominant market share of this application.

Gynecological surgery is growing at the highest CAGR in the Surgical Robotics Market due to increasing demand for minimally invasive procedures that offer improved precision and reduced recovery times. Robotic systems enhance surgical accuracy in complex gynecological procedures, such as hysterectomies and myomectomies, leading to better patient outcomes. The rising prevalence of gynecological conditions and advancements in robotic technology contribute to the rapid adoption and growth of robotic-assisted gynecological surgeries.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Surgical Robotics End-User Segment Analysis

Surgical Robotics Market End-User Segment Analysis

According to Cognitive Market Research, the dominant category is Hospitals & Clinics. Hospitals and clinics captured the largest market share in the Surgical Robotics Market due to their significant use of advanced surgical technologies to enhance patient outcomes and improve procedural efficiency. These facilities are the primary settings for high-volume surgeries and benefit from robotic systems' precision and minimally invasive capabilities. Additionally, hospitals and clinics have the resources to invest in and maintain sophisticated surgical robots, further driving their dominant market share in this sector.

Ambulatory surgery centers (ASCs) are growing at the highest CAGR in the Surgical Robotics Market due to their focus on providing efficient, cost-effective, and high-quality surgical care. The adoption of robotic systems in ASCs enhances precision, reduces recovery times, and supports a wide range of minimally invasive procedures, attracting more patients seeking quicker and less invasive options. Additionally, the increasing shift towards outpatient care and advancements in robotic technology drive the rapid growth of ASCs in this market.

• Hospitals & Clinics
• Ambulatory Surgery Centers

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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