The global medical robotics surgery market was valued at USD 4.7 billion in 2022, growing at a CAGR of 17.4% from 2023 to 2032. The market is expected to reach USD 23.3 billion by 2032. The primary drivers of the market are the global scarcity of doctors and surgeons and the growing use of automated surgical devices. The introduction of new and technologically advanced surgical robots, together with the growing investments made by regional and international players, are contributing favourably to the expansion of the market.
Compared to traditional surgical procedures, surgical robots or robot-assisted surgery systems give clinicians greater flexibility, precision, and control when performing difficult surgical procedures. Typically, tiny incisions are used to perform minimally invasive procedures using surgical robots. Additionally, several conventional open surgical procedures can be performed with the help of surgical robots. The majority of robotic surgical systems typically feature both mechanical and camera arms. This market is expected to develop because of the benefits of robot-assisted surgery, the rise in surgical operations, the expansion of financing for medical robot research, and better reimbursements. Furthermore, this market might have greater development prospects due to the growing use of surgical robots in emerging markets and ambulatory surgery centres (ASCs). The primary factors expected to drive the market expansion are the rising incidence of osteoporosis and arthritis, as well as the growing number of hip and knee replacement surgeries brought on by these conditions. For example, a report from the Agency for Healthcare Research and Quality states that more than 4,50,000 hip replacement procedures are carried out annually in the United States. Furthermore, according to data from the Australian Institute of Health and Welfare (AIHW), the overall knee replacement rate for osteoarthritis increased by almost 38% between 2005–2006 and 2017–2018.
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In June 2022, One of the most inventive medical technology businesses in the world, Stryker, recently announced the launch of its new R&D centre, Stryker's Global Technology Centre (SGTC), located in the International Tech Park in Gurgaon. The 150,000-square-foot building will further support the company's goal of improving healthcare and helping speed innovation in India and worldwide.
In June 2022, The Versius Surgical Robotic System from CMR Surgical (CMR) has been utilized in 5,000 surgical procedures globally, the company said. At the public hospital Argenteuil Hospital in Paris, France, Dr. Patrick Bagan and his colleagues completed the 5,000th procedure, a lung bi-segmentectomy for cancer.
Rising surgical procedures- The worldwide increase in chronic diseases is responsible for the rise in surgical procedures. Surgical treatments, orthopaedic surgery, cataract surgery, and cardiovascular surgery are some of the most often performed procedures. In 2020, more than 3.66 million cataract procedures were carried out in Europe, according to figures released by Eurostat. An increase is also aiding the rise and development of this industry in orthopaedic procedures performed globally. For example, the Times of India reports that over 800,000 knee replacements are done yearly in the United States, while hospital admissions for knee replacements have climbed 2.5 times in India over the last five years.
Complications associated- Consequences like burns, punctures, tears, substantial blood loss, accidental cuts, and other organ injuries may hamper the adoption of automated robotic surgery. Additionally, the expensive cost of the tools may also contribute to these difficulties.
Increasing regulatory approvals- Increasing regulatory clearances for surgical robots is one of the key drivers of market expansion. For instance, the FDA approved Intuitive Surgical Inc.'s Ion robotic surgical system under 510(k) in 2019. In addition, the expanding number of robotic systems used for surgical interventions, the growing acceptance of aided surgeries such as hysterectomies, and the manufacturers' ongoing R&D and investment in automated robotic systems are the main drivers of market expansion.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest global medical robotics surgery market, with a 41.2% market revenue share in 2022.
North America holds the greatest share of the global medical robotics surgery market. The U.S.'s expanding next-generation healthcare facilities and the expanding use of automated surgical equipment are propelling this region's industry. In addition, the U.S. patient population's need for surgeons and other healthcare workers is anticipated to propel the regional market. Furthermore, the U.S.'s growing prevalence of chronic illnesses, including diabetes, cancer, and cardiovascular diseases, is hastening the use of automated surgical equipment, which is propelling the market in this area.
North America Region Medical Robotics Surgery Market Share in 2022 - 41.2%
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The product & service segment is divided into robotic systems, services, and surgical instruments & accessories. The surgical instruments & accessories segment dominated the market, with a market share of around 39% in 2022. The introduction of cutting-edge tools and accessories, a rise in surgical operations, and the expanding use of robotic surgical systems are the primary causes of this segment's significant market share.
The application segment is divided into general surgery, urology, cardiovascular & thoracic, orthopaedic, and obstetrics & gynaecological. The general surgery segment dominated the market, with a market share of around 28% in 2022. The growing requirement for accuracy in thoracic, abdominal, and vascular procedures drives the uptake of robotic surgeries. Furthermore, a major factor propelling this market's expansion is the growing utilization of surgical robots in colorectal cancer surgeries.
|Market Size||Revenue (USD Billion)|
|Market size value in 2022||USD 4.7 Billion|
|Market size value in 2032||USD 23.3 Billion|
|CAGR (2023 to 2032)||17.4%|
|Region||The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.|
|Segments||Product & Service, Application|
As per The Brainy Insights, the size of the medical robotics surgery market was valued at USD 4.7 billion in 2022 to USD 23.3 billion by 2032.
The global medical robotics surgery market is growing at a CAGR of 17.4% during the forecast period 2023-2032.
North America emerged as the largest medical robotics surgery market.
This study forecasts global, regional, and country revenue from 2019 to 2032. The Brainy Insights has segmented the global medical robotics surgery market based on the below-mentioned segments:
Global Medical Robotics Surgery Market By Product & Service:
Global Medical Robotics Surgery Market By Application:
Global Medical Robotics Surgery Market By Region:
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