Surgical Robots Market

Surgical Robots Market: Industry Trends and Global Forecasts, Till 2035 - Distribution by Offering of Surgical Robot Developers (Instruments / Accessories, Surgical Robotics System and Services), Deployment Model (On-Premise and Cloud / Remote), Type of Surgical Procedure Supported (General Surgery, Orthopedic Surgery, Abdominal and Pelvic Surgery, Urologic Surgery and Other Surgeries), Application Area (Therapies / Treatment and Diagnostics), End Users (Hospitals, Ambulatory Surgery Centers and Diagnostic Labs) and Key Geographical Regions (North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America)

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Surgical Robots Market Overview

The global surgical robots market size is estimated to grow from $ 9.1 billion in 2024 to $ 22.9 billion by 2035, representing a CAGR of 8.7% during the forecast period 2024-2035. The new research study consists of industry trends, detailed surgical robotics market analysis, funding and investment, partnership and collaboration, market impact analysis, market forecast and opportunity analysis. The growth in the opportunity over the next decade is likely to be the result of anticipated rise in the robotic assisted surgical procedures.

Surgical Robots Market By Geography, 2024-2035 (USD Billion)

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Surgical robots are medical devices employed in the healthcare sector to assist the surgeons or independently perform complex surgical procedures on the patients. Owing to the several advantages conferred by robotic surgeries, such as high precision, minimally invasive cuts, reduced scars, enhanced vision and better post-surgical recovery, the surgeons prefer to use surgical robots as a standard-of-care systems. Moreover, the adoption of surgical robots has resulted in the improvement of ergonomics for the surgeons, through reduced physical strain, better degrees of freedom, improved visualization system and flexibility in the surgeon console. Moreover, considering the multitude of benefits offered by surgical robots, a significant paradigm shift has been observed from conducting open surgeries to minimally invasive surgeries. In addition, the maneuverability witnessed during the robotic surgeries has accentuated the possibility of easy access to the anatomically restrained or confined body organs of the patients.

The evolution in the concept of remote surgery has also resulted in the development of cost-effective, network-meditated robotic systems that can be operated by surgeons located at a distant location. With growing use and continuous advancements in surgical robotics, the adoption of surgical robots in the healthcare domain is poised to transform the way minimally invasive surgeries are performed, bringing significant benefits to patients and surgeons. As these revolutionary trends continue to evolve, the surgical robots market is likely to witness significant market growth during the forecast period.

The growth in this market is also creating opportunities for medical device contract manufacturing as well as medical device labeling companies specializing in surgical robots.

Surgical Robots Market Segmentation Insights

The market research report presents an in-depth analysis of the various companies that are involved in the global surgical robots market, across different segments, as defined in the table below: 

Surgical Robots Market: Report Attributes / Market Segmentations

Key Report Attribute Details
Historical Trend 2019-2023
Base Year 2023
Forecast Period 2024-2035
Market Size 2024 $ 9.1 Billion
CAGR 8.7%
Offerings of Surgical Robot Developers
  • Instruments / Accessories
  • Surgical Robotics System
  • Services
Deployment Model
  • On-Premises
  • Cloud / Remote
Type of Surgical Procedure Supported
  • General Surgery
  • Orthopedic Surgery
  • Abdominal and Pelvic Surgery
  • Urologic Surgery
  • Other Surgeries
Type of Application Area
  • Therapies / Treatment
  • Diagnostics
Type of End Users
  • Hospitals
  • Ambulatory Surgery Centers
  • Diagnostic Labs
Key Geographical Regions
  • North America
  • Europe
  • Asia-Pacific
  • Middle East and North Africa
  • Latin America
Leading Market Players
  • Abbott
  • Caranx Medical
  • Freehand
  • Great Robotics
  • Intuitive Surgical
  • Johnson & Johnson
  • Medtronic
  • Microsure
  • NDR Medical Technology
  • Panasonic
  • Renishaw
  • Riverfield
  • ROEN Surgical
  • Siemens Healthineers
  • Sina Robotics and Medical Innovators
  • Shanghai MicroBot MedBot
  • Smith+Nephew
  • Stryker
  • Tuodao Medical
  • Zimmer Biotech
(Full list of 110+ surgical robot developers captured is available in the report)
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  • Surgical Robot Developers Market Landscape Analysis
  • Company Competitiveness Analysis 
  • Partnerships and Collaborations
  • Funding and Investments
  • Surgical Robots Market Forecast and Opportunity Analysis

One of the key objectives of this market report was to estimate the current market size, opportunity and the future growth potential of the surgical robots market, over the forecast period. Based on multiple parameters, likely adoption trends and through primary validations, we have provided an informed estimate on the market evolution during the forecast period 2024-2035. 

The market report also features the likely distribution of the current and forecasted opportunity for developers in the market across various segments, such as offering of surgical robot developers (instruments / accessories, surgical robotics system and services), deployment model (on-premise and cloud / remote), type of surgical procedure supported (general surgery, orthopedic surgery, abdominal and pelvic surgery, urologic surgery and other surgeries), application area (therapies / treatment and diagnostics), end users (hospitals, ambulatory surgery centers and diagnostic labs) and key geographical regions (North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America).

In order to account for future uncertainties associated with some of the key parameters and to add robustness to our model, we have provided three surgical robots market forecast scenarios, namely conservative, base, and optimistic scenarios, representing different tracks of the industry’s evolution.

Further, all actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this market report are in USD, unless otherwise specified.

Surgical Robots Market Key Segment Shares

Market Share by Offerings of Surgical Robotic Companies

The global surgical robots market is segmented into different offerings of the developers, such as instruments / accessories, surgical robotics system and surgical robot related services. Amongst these segments, during the forecast period, the surgical robot-related services segment is likely to grow at a relatively higher growth rate (CAGR) as compared to other sub-segments. This can be attributed to the usage of technologically driven surgical robots (including integration of machine learning and artificial intelligence) that will accentuate the requirement for conducting extensive training programs for the surgeons and need for maintenance-related services of such robots.

Market Share by Deployment Model

The global surgical robots market is segmented into different deployment models, such as on-premise models and remote / cloud models. The market in 2024 is dominated by the revenues generated from surgical robots that are used on-premises. However, during the forecast period, remote / cloud models are likely to grow at a relatively higher growth rate (CAGR). This can be attributed to the various advantages conferred with the usage of remote surgery, such as capability to overcome the geographical barriers for conducting surgeries on the patients that are situated at a location different than the surgeon’s location.

Market Share by Type of Surgical Procedure Supported

The global surgical robots market is segmented into different type of surgical procedure supported, such as general surgery, orthopedic surgery, abdominal and pelvic surgery, urologic surgery and other surgeries. It is worth mentioning that orthopedic surgical robots market segment is likely to grow at a higher growth rate (CAGR) as compared to other types of surgical procedures, during the forecast period. This can be attributed to shift in focus of developers to change their business model to form an open system (wherein the customers are not bound to purchase the implants / other accessories from the developer itself) and to develop surgical robots (for orthopedic surgery) that occupy less workspace (as compared to the conventional surgical robots).

Market Share by Application Area

The global surgical robotics market is segmented into different application areas, such as therapies / treatment and diagnostics. It is worth highlighting that surgical robots market for diagnostics is likely to grow at a relatively higher growth rate (CAGR) in the coming years.

Market Share by End Users

The global surgical robots market is segmented into different end users, such as hospitals, ambulatory surgery centers and diagnostic labs. Currently, the market is dominated by revenues generated from hospitals. This can be attributed to rise in the adoption of the surgical robots by the surgeons in the hospitals owing to various factors, such as increased number of surgeries per day, reduced operating time, and achievement of better surgical outcomes (high precision and accuracy).

Market Share by Key Geographical Regions

The surgical robot market value is segmented into different geographies, such as North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America. Presently, North America is estimated to capture the majority of the overall market share, and this trend is unlikely to change in the future as well. Whereas, the surgical robots market in Asia Pacific is anticipated to grow at a relatively higher growth rate (CAGR), during the forecast period.

Surgical Robots Market: Key Insights

The “Surgical Robots Market: Industry Trends and Global Forecasts, till 2035 - Distribution by Offerings of Surgical Robot Developers (Instruments / Accessories, Surgical Robotics System and Services), Deployment Model (On-Premise and Cloud / Remote), Type of Surgical Procedure Supported (General Surgery, Orthopedic Surgery, Abdominal and Pelvic Surgery, Urologic Surgery and Other Surgeries), Application Area (Therapies / Treatment and Diagnostics), End Users (Hospitals, Ambulatory Surgery Centers and Diagnostic Labs and Key Geographical Regions (North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America)” report features an extensive study of the current market landscape, market size and future opportunities associated with the surgical robotics industry, during the given forecast period. Further, the market report highlights the efforts of several stakeholders in this rapidly emerging segment of the medical device industry. Key takeaways of the surgical robotics market analysis are briefly discussed below. 

Market Drivers: Advantages Offered by Surgical Robots Developers to Drive the Adoption of their Robots

Surgical robots have emerged as a transformative solution within the medical sector that enable surgeons to carry out robot-assisted minimal invasive surgeries, which offers various advantages, including unparallel precision, enhanced dexterity, reduced patient trauma and lower risk of post-operative infection. The integration of artificial intelligence, medical imaging and visualization technologies is driving the advancements in this domain, by offering real-time data analysis and improvement in decision-making ability for the surgeons.

It is worth highlighting that, apart from surgical robot systems, robotic surgical robot developers offer extensive set of instruments / accessories for conducting the robotic surgeries and conduct training programs / workshops for the surgeons to make them better equip with the surgical robots.

Market Opportunities: Technological Advancements Offer Several Opportunities for Surgical Robotics Companies

In order to develop autonomous surgical robots conferring better accuracy and efficiency, the robotics companies are extensively working towards advancements in robotic technologies, artificial intelligence, machine learning, data analytics and medical imaging software. 

Moreover, the surgical robots are increasingly integrating with artificial intelligence, which allows to streamline the surgical procedures wherein AI-assisted robots aid in enhancement of decision-making capabilities of surgeons, identification of anomalies in medical imaging, reduction of scars / incisions and likelihood of human errors. Lately, the integration of wireless networking system with robotic technology has led to the emergence of telesurgery (remote surgery) wherein the surgeons assist in the robotic surgery remotely (through tele-operated surgical robotic systems). As such, growth of telemedicine and technological developments within the AI based surgical robots market will continue to offer growth opportunities for surgical robotics companies.

Surgical Robots Market Outlook: Rising Demand for Conducting Minimally Invasive Surgeries Has Led to Broader Applicability of Surgical Robots

The potential of surgical robots to perform seamless surgeries has facilitated their adoption by various surgeons across the globe. Robotic surgeries have been beneficial for the surgeons and patients in achieving desirable outcomes, such as better dexterity, decreased blood loss, reduced discomfort and shorter hospital stays. 

Lately, there has been a significant increase in the number of CE mark approved surgical robots developed by industry stakeholders working in this domain. Some of the recent approvals have been mentioned below.

  • In January 2024, Intuitive Surgical announced that the European Union (EU) has granted CE mark approval to da Vinci Single-Port (SP) surgical system for performing endoscopic abdominopelvic, thoracoscopic, transoral otolaryngology, transanal colorectal and breast surgical procedures.
  • In September 2023, Quantum Surgical announced that the EU has granted CE mark approval to Epione® robotic platform for the treatment of lung cancer.
  • In September 2023, Moon Surgical announced that the EU has granted CE mark approval to the latest version of Maestro system. The initial version of the Maestro system was approved by the EMA in April 2023. 

Market Trends: Increase in the Number of Partnerships in the Surgical Robots Market

 In recent years, industry stakeholders have established several collaborations with other industry players in order to consolidate their presence in the surgical robotics market. It is worth mentioning that, majority of the deals (14%) signed in the industry (since 2019) were acquisitions, indicating that the industry stakeholders are actively engaged in expanding their technological portfolio and geographical footprint by acquiring other players in the industry. For instance, in September 2023, Shanghai MicroPort MedBot entered into an agreement with West China Hospital, Sichuan University and Tibet People’s Hospital to launch Project of Sichuan-Tibet Connection - 5G Remote Surgery Experiment on Plateau.

Surgical Robots Market Size Analysis

Surgical robots market, which are the largest segment of the overall medical robotics market, generate majority of the revenues through the sales of instruments / accessories which are being used by the surgeons in each robotic surgery and are compatible with the surgical robot systems. Apart from the sales of the robot systems itself, the surgical robot companies generate recurring revenues through these accessories, services pertaining to the robots and training programs conducted for the surgeons who have to perform robotic-assisted surgeries.

Competitive Landscape: Top Healthcare Companies Developing Surgical Robots

Examples of top industry players that are focused on developing surgical robots (which have  also been profiled in this market report; in alphabetical order) include Abbott, Caranx Medical, Freehand, Great Robotics, Intuitive Surgical, Johnson & Johnson, Medtronic, Microsure, NDR Medical Technology,    Panasonic, Renishaw, Riverfield, ROEN Surgical, Siemens Healthineers, Sina Robotics and Medical Innovators, Shanghai MicroBot MedBot, Smith+Nephew, Stryker and Tuodao Medical. This market report includes an easily searchable excel database of all the surgical robot companies worldwide. 

Surgical Robots Market Report Coverage

The market research report presents an in-depth analysis, highlighting the capabilities of various stakeholders in this market, across different segments. Amongst other elements, the report includes:

  • A preface providing an introduction to the full report, Surgical Robots Market: Industry Trends and Global Forecasts, till 2035.
Surgical Robots Market Context Surgical Robots Market List Surgical Robots Market Developers
  • An outline of the systematic research methodology adopted to conduct the study on surgical robots industry, providing insights on the various assumptions, methodologies, and quality control measures employed to ensure accuracy and reliability of our findings.
  • An overview of economic factors that impact the overall surgical robots market, including historical trends, currency fluctuation, foreign exchange impact, recession and inflation measurement.
  • An executive summary of the insights captured during our research. It offers a high-level view on the current state of the market and its likely evolution in the mid to long term.
  • A general overview of surgical robots, including a brief discussion on their evolution over the years. It also includes information on the applications of surgical robots in healthcare . Further, it discusses the various advantages and challenges associated with the use of surgical robots.
  • A detailed assessment of the current market landscape of companies engaged in the development of surgical robots based on several relevant parameters, such as year of establishment, company size (in terms of number of employees), location of headquarters, surgical robots offered, stage of development of surgical robots (approved and under development), technologies / software used, deployment model (on-premise and cloud / remote), type of surgical procedure supported (general surgery, abdominal and pelvic surgery, orthopedic surgery, urologic surgery, neurosurgery, spine surgery, cardiac surgery, dental surgery, ophthalmic surgery and other surgeries), application area (therapy / treatment and diagnostics), end user (hospitals, ambulatory surgery centers, diagnostic labs and other end users) and additional offerings (instruments / accessories and services).
  • An insightful competitiveness analysis of surgical robot developers based on developer strength (in terms of the years of experience of the developer) and portfolio strength (in terms of number of surgical robots offered, number of technologies / software used, deployment model, AI-integration, number of surgical procedures supported, application area, end user and additional offerings).
  • Elaborate profiles of the prominent surgical robotics companies (shortlisted based on a proprietary criterion) engaged in developing surgical robots. Each profile features a brief overview of the company, details related to its financial information (if available), surgical robot portfolio, recent developments and an informed future outlook. Further, the chapter also includes profiles of other leading players developing surgical robots. 
  • A detailed analysis of the partnerships inked between stakeholders in surgical robotics domain, since 2018, covering technology licensing agreements, research and development agreements, technology integration agreements, mergers and acquisitions, product development agreements and other relevant agreements.
Surgical Robots Market Competitiveness Analysis Surgical Robots Market Company Profiles Surgical Robots Market Partnerships
  • A detailed analysis of funding and investments made into the companies developing surgical robots, based on relevant parameters such as year of funding, type of funding, amount invested, regional distribution, most active players (in terms of number of funding instances and amount raised) and most active investors (in terms of number of funding instances).
  • An in-depth analysis of the factors that can impact the surgical robotics market growth, including key drivers, potential restraints, emerging opportunities, and existing challenges.
  • A detailed projections of the current and future opportunity for surgical robots, during the forecast period (2024-2035). 
  • A detailed projection of the current and future surgical robots market across different offerings of developers such as instruments / accessories, surgical robotics system and services.
  • A detailed projection of the current and future surgical robotics market across different deployment models such as on-premises models and remote / cloud models.
  • A detailed projection of the current and future surgical robots market across different surgical procedures supported such as general surgery, orthopedic surgery, abdominal and pelvic surgery, urologic surgery and other surgery.
  • A detailed projection of the current and future surgical robots industry across different application areas such as therapies / treatment and diagnostics.
  • A detailed projection of the current and future surgical robotics market across different end users such as hospital, ambulatory surgery centers and diagnostic labs.
  • A detailed projection of the current and future surgical robots market across key geographical regions such as North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America. 
Surgical Robots Market Funding Surgical Robots Market Deployment Model Surgical Robots Market End User

Recent Developments In The Surgical Robots Market

Several developments have taken place in the field of surgical robots. Some of these recent initiatives have been outlined below. These developments, even though they took place post the release of our market report, substantiate the overall market trends that we have outlined in our analyses.

  • In February 2024, Medical Microinstruments raised an amount of USD 110 million in a venture series in order to support the commercial rollout of Symani system.
  • In January 2024, THINK Surgical announced a strategic collaboration with two orthopedic implant makers, namely b-ONE Ortho and Maxx Orthopedics, in order to add their knee implants to its ID HUB database for TMINI miniature robotic system.
  • In September 2023, CMR Surgical raised an amount of USD 165 million in a venture series in order to support the commercialization of next-generation Versius® surgical robotic system.
  • In August 2023, Titan Medical announced a strategic collaboration with Auris Health (a subsidiary of Johnson & Johnson) in order to license its intellectual property to the latter company.

Author(s): Prachi Bhalla, Rupanshi Sharma, Simriti Gupta 

Frequently Asked Questions

Question 1: How big is the surgical robot market?

Answer: The global surgical robotics market is estimated to be worth $ 9.1 billion in 2024

Question 2: What is the market outlook for surgical robotics?

Answer: The global surgical robots market is projected to be worth $ 22.9 billion in 2035.

Question 3: What is the CAGR of surgical robotics market?

Answer: The global surgical robots market is anticipated to grow at a CAGR of 8.7% during the forecast period.

Question 4: Which region captures the largest share in the surgical robots market?

Answer: Presently, the surgical robotics market is dominated by North America, capturing around 70% of the overall market size.

Question 5: Who is the leader in the surgical robotics market?

Answer: Intuitive Surgical has emerged as the leading surgical robotics company.

Question 6: Who is the leader in the surgical robotics market?

Answer: From past few decades, Intuitive Surgical is the leading player in the surgical robotics domain.

Question 7: What is the trend in surgical robotics?

Answer: The companies engaged in the development of surgical robots are integrating artificial intelligence and machine learning into the robotic systems to advance the improvement in surgical workflow and process of automation.

Question 8: What are the factors driving the market for surgical robots?

Answer: The rising need for performing complex surgeries with high precision and minimal scarring on the patients, along with the advancements in the field of telesurgery for conducting the robotic-assisted surgeries on the patients located at remote locations.

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