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).

A surgical robot is a kind of medical device that aids surgeons in performing even the most challenging surgical operations with utmost control, precision and flexibility. The global surgical robot market setup comprises a better visualizing camera system, robotic arms bearing specialized surgical instruments at their tips and a control panel which is operated by the surgeon. Technological advancements are driving the global surgical robot market due to their growing adoption by hospitals and decreasing needs for invasive procedures. Compared to traditional methods, they are characterized by increased control, precision and flexibility. This reduces recovery time and has positive outcomes for patients.

Older demographics and long-term illnesses are the forces behind complexities in surgical solutions, the market must develop. The market is growing as major players continue innovating, changing processes and introducing new products. The shortage of doctors and surgeons worldwide along with increasing acceptance of robot-assisted surgery are the main drivers for this market. The growth in the market is also aided by the increasing sums of money that local and foreign businesses are investing in the creation of innovative surgical robots. The growing prevalence of osteoporosis and arthritic conditions, as well as the growing need for hip and knee replacement surgeries, are other major factors expected to fuel the market's growth.