Surgical Robots Market Size, Share, Growth Analysis, By Offering (Instruments & Accessories, Services), By Application (General Surgery, Gynecological Surgery), By End User (Hospitals & Clinics, Ambulatory Surgery Centers), By Region - Industry Forecast 2024-2031

Global Surgical Robots Market size was valued at USD 10.2 billion in 2022 and is poised to grow from USD 11.9 billion  in 2023 to USD 40.32 billion by 2031, growing at a CAGR of 16.50% during the forecast period (2024-2031).

With major competitors constantly developing technology and growing their market share, the global surgical robotics market is one of the most competitive in the world. Intuitive Surgical, known for its da Vinci system, is one of the leading international companies. A pioneer in robotic arms, Stryker is also included among them. Medtronic acts as a provider of surgical systems that are robotic assisted via HugoTM technology. Zimmer Biomet is recognized as ROSA® Robotics’ leader. All these organizations contend based on creativity, precision and integration driving innovative robot-based devices for various surgical procedures. 'Intuitive Surgical (US)  ', 'Stryker (US)  ', 'Medtronic (Ireland)  ', 'Smith+Nephew (UK)  ', 'Zimmer Biomet (US)  ', 'Asensus Surgical Inc. (US)  ', 'Siemens Healthineers AG (Germany)  ', 'Renishaw PLC (UK)  ', 'CMR Surgical (UK)  ', 'Think Surgical Inc. (US)  ', 'Corin Group (UK)  ', 'Microsure (Netherlands)  ', 'Titan Medical Inc. (Canada)  ', 'Avateramedical N.V.  ', 'Medical Microinstruments (Italy)  ', 'Medicaroid Corporation (Japan)  ', 'Brainlab AG (Germany)  ', 'Ecential Robotics (Italy)  ', 'Globus Medical, Inc. (US)  ', 'Johnson & Johnson (US)  ', 'Momentis Innovative Surgery Ltd. (Canada)  ', 'Tinavi Medical Technologies Co., Ltd. (China)  ', 'Distalmotion (Switzerland)  ', 'Monteris (Canada)  ', 'Novus Saglik Urunleri AR-Ge Danismanlik (Turkey)'

To ensure they have less scarring, are less likely to get infections, spend fewer days in hospital, and recover faster than before, patients want more and more of less invasive surgeries. Surgical robots are very good at achieving the required precision in areas that are challenging like urology, gynecology, and cardiothoracic surgery where conventional techniques can be too invasive or inaccurate.

Surge in Adoption of Robotic Assisted Minimally Invasive Surgeries: In the global surgical robotics market, a significant movement is towards robotically supported minimally invasive procedures. This is attributable to the fact that robotic systems are obtaining more and more acceptance by surgeons as they carry out complex procedures in a more precise manner which leads to shorter recovery time. This trend is influenced by patient’s demand for less invasive methods as well as advancements in robotic technologies to enhance surgical outcomes.

Due to its sophisticated healthcare system, high rate of adoption of new medical technology, and substantial investment in R&D, North America now commands the largest share of the global surgical robots market. Essential market players and significant governmental subsidies for health care creativity are helpful to the locality. Increasing healthcare expenses, more demand for less intrusive interventions and developed robotic surgical training programs are the other drivers of growth. In addition to positive reimbursement policies, an increase in the number of chronic diseases requiring surgical procedures has made North America the leading region in the world when it comes to surgical robots.