According to a new report published by Allied Market Research, titled, "Surgical Robotics Market," The surgical robotics market was valued at $78.8 billion in 2022, and is estimated to reach $188.8 billion by 2032, growing at a CAGR of 9.1% from 2023 to 2032. The Surgical Robotics Market is likely to experience a significant growth rate of 9.1% from 2023-2032 owing to increase in demand for surgical robotic systems and accessories from medical devices and supplies sector - Allied Market Research

The increase in need for automation in the healthcare sector and surge in demand for minimally invasive surgeries are the major factors that drive the surgical robotic market. In addition, rise in incidences of cancer, neurological disorders, gynecological diseases are anticipated to boost the adoption of robotic surgical systems. Surgical robotic systems offer less post-surgical complications and reduce labor cost. Large-scale hospitals based in developed and developing economies are now favoring automated surgical/hospital services due to this, which ultimately drives the market growth.
The surgical robotics market has experienced significant growth owing to the increase in demand for precision & minimally invasive surgical techniques. Surgical robots offer enhanced dexterity and accuracy, enabling surgeons to perform complex procedures through smaller incisions. This results in reduced trauma to the patient, less pain, quicker recovery times, and shorter hospital stays.
One of the primary driving factors for the surgical robotics market is the continuous advancement of technology. Robotic systems have evolved from basic telemanipulates to sophisticated platforms that offer enhanced dexterity, precision, and imaging capabilities. The integration of artificial intelligence (AI) and machine learning algorithms has further augmented the capabilities of surgical robots, enabling real-time data analysis and decision-making during procedures. These technological advancements have improved the accuracy of surgical interventions and expanded the scope of procedures that are performed robotically.
As surgical robots become more intelligent and capable, they enable surgeons to tackle increasingly complex and delicate surgeries with greater confidence and success rates, which supports the market growth. On the other hand, high cost associated with surgical robotics procedures and accidental death/injuries due to broken instruments and system errors are likely to hinder the market growth. However, the surge in R&D activities for developing innovative surgical robotic systems provides lucrative opportunity for market growth.
The surgical robotics market is segmented into component, surgery type, and region. By component, the market is segregated into systems, accessories, and services. By surgery type, the market is categorized into gynecology surgery, urology surgery, neurosurgery, orthopedic surgery, general surgery, and other surgeries. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America and Middle East and Africa).
Major key players that operate in the surgical robotics market are Smith & Nephew plc, Medtronic plc, Stryker Corporation, Intuitive Surgical, Inc., Zimmer Biomet Holding Inc., Renishaw plc, Midea Group Co., Ltd., Johnson & Johnson, Accuray Incorporated, and CMR Surgical Ltd. The key players have adopted product launch and product approval as key developmental strategies to improve the product portfolio of the surgical robotics market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the surgical robotics market analysis from 2022 to 2032 to identify the prevailing surgical robotics market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the surgical robotics market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global surgical robotics market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Component
- Systems
- Accessories
- Services
By Surgery Type
- Gynecology Surgery
- Urology Surgery
- Neurosurgery
- Orthopedic Surgery
- General Surgery
- Other Surgeries
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East And Africa
Key Market Players:
- Smith & Nephew plc
- Intuitive Surgical, Inc.
- Johnson & Johnson
- Accuray Incorporated
- Zimmer Biomet Holding, Inc.
- Stryker Corporation.
- Midea Group Co., Ltd.
- CMR Surgical Ltd.
- Medtronic plc
- Renishaw plc
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in occurrence of chronic diseases
- 3.4.1.2. Technological advancements and precision
- 3.4.1.3. Rise in demand for minimally invasive surgical procedures
- 3.4.2. Restraints
- 3.4.2.1. High cost associated with surgical robotic systems and robotic surgeries
- 3.4.2.2. Lack of awareness among patients in emerging economies
- 3.4.3. Opportunities
- 3.4.3.1. Rise in R&D activities
- 3.4.3.2. Opportunities in emerging and untapped economies
CHAPTER 4: SURGICAL ROBOTICS MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Systems
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Accessories
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Services
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: SURGICAL ROBOTICS MARKET, BY SURGERY TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Gynecology Surgery
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Urology Surgery
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Neurosurgery
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Orthopedic Surgery
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. General Surgery
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
- 5.7. Other Surgeries
- 5.7.1. Key market trends, growth factors and opportunities
- 5.7.2. Market size and forecast, by region
- 5.7.3. Market share analysis by country
CHAPTER 6: SURGICAL ROBOTICS MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Component
- 6.2.3. Market size and forecast, by Surgery Type
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Component
- 6.2.4.1.2. Market size and forecast, by Surgery Type
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Component
- 6.2.4.2.2. Market size and forecast, by Surgery Type
- 6.2.4.3. Mexico
- 6.2.4.3.1. Market size and forecast, by Component
- 6.2.4.3.2. Market size and forecast, by Surgery Type
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Component
- 6.3.3. Market size and forecast, by Surgery Type
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Market size and forecast, by Component
- 6.3.4.1.2. Market size and forecast, by Surgery Type
- 6.3.4.2. France
- 6.3.4.2.1. Market size and forecast, by Component
- 6.3.4.2.2. Market size and forecast, by Surgery Type
- 6.3.4.3. UK
- 6.3.4.3.1. Market size and forecast, by Component
- 6.3.4.3.2. Market size and forecast, by Surgery Type
- 6.3.4.4. Italy
- 6.3.4.4.1. Market size and forecast, by Component
- 6.3.4.4.2. Market size and forecast, by Surgery Type
- 6.3.4.5. Spain
- 6.3.4.5.1. Market size and forecast, by Component
- 6.3.4.5.2. Market size and forecast, by Surgery Type
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Market size and forecast, by Component
- 6.3.4.6.2. Market size and forecast, by Surgery Type
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Component
- 6.4.3. Market size and forecast, by Surgery Type
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. Japan
- 6.4.4.1.1. Market size and forecast, by Component
- 6.4.4.1.2. Market size and forecast, by Surgery Type
- 6.4.4.2. China
- 6.4.4.2.1. Market size and forecast, by Component
- 6.4.4.2.2. Market size and forecast, by Surgery Type
- 6.4.4.3. India
- 6.4.4.3.1. Market size and forecast, by Component
- 6.4.4.3.2. Market size and forecast, by Surgery Type
- 6.4.4.4. Australia
- 6.4.4.4.1. Market size and forecast, by Component
- 6.4.4.4.2. Market size and forecast, by Surgery Type
- 6.4.4.5. South Korea
- 6.4.4.5.1. Market size and forecast, by Component
- 6.4.4.5.2. Market size and forecast, by Surgery Type
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Market size and forecast, by Component
- 6.4.4.6.2. Market size and forecast, by Surgery Type
- 6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Component
- 6.5.3. Market size and forecast, by Surgery Type
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Latin America
- 6.5.4.1.1. Market size and forecast, by Component
- 6.5.4.1.2. Market size and forecast, by Surgery Type
- 6.5.4.2. Middle East And Africa
- 6.5.4.2.1. Market size and forecast, by Component
- 6.5.4.2.2. Market size and forecast, by Surgery Type
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. Smith & Nephew plc
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
- 8.2. Medtronic plc
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
- 8.3. Stryker Corporation.
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.4. Intuitive Surgical, Inc.
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.5. Renishaw plc
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
- 8.6. Zimmer Biomet Holding, Inc.
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
- 8.7. Midea Group Co., Ltd.
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
- 8.8. Johnson & Johnson
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
- 8.9. Accuray Incorporated
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.10. CMR Surgical Ltd.
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio