Global Surgical Robotics Market to Grow at a CAGR of 20% over the Forecast Period of 2024-2032

The global surgical robotics market is being driven by the rapid technological advancements and the growing acceptance of technology among consumers. The growing adoption of automation in the healthcare sector to enhance treatment procedures, perform complex procedures, and provide patients with quality services has resulted in the increased demand for robotics tools for surgery.

North America leads the global surgical robotics industry and is further expected to be a leading surgical robotics market over the forecast period owing to the well-established healthcare infrastructure in the region, along with the increased acceptance of surgical robotic systems among surgeons and patients. The growing demand for safe and minimally invasive surgical procedures is leading manufacturers in the surgical robotics industry to constantly improve their product portfolio. In July 2020, Intuitive Surgical, Inc. (NASDAQ: ISRG), a global leader in minimally invasive robotic-assisted surgery and manufacturer of da Vinci surgical systems, announced the acquisition of the robotic endoscope business of Schölly Fiberoptic, a leader in the visualisation systems for minimally invasive diagnostic and surgical applications, thus, leading to the integration of Schölly’s robotic endoscope manufacturing line and two of its sites into Intuitive operations. The comprehensive knowledge and expertise of both the companies will lead to the development of enhanced solutions for customers in the surgical robotics market.

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Market Breakup by Component, Surgery Type, and Region:

• By components, the global surgical robotics industry can be divided into surgical systems, accessories, and services.
• On the basis of surgery type, the industry is categorised into gynaecological surgery, urological surgery, neurosurgery, orthopaedic surgery, and general surgery, among others. 
• Region-wise, the global surgical robotics market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global surgical robotics market is being driven by the growing healthcare automation owing to the rapid technological advancement and the rising prevalence of chronic illnesses.
• The growing global population, increasing consumer awareness, and the rising disposable incomes is providing further impetus to the industry for its growth. 
• The increased investment by the government in the healthcare sector is aiding the industry further. 
• The advancement in surgical methods, components, and technology, and the increase in the number of skilled surgeons are providing a further boost to the industry.

Key Offerings of the Report:

• The EMR report gives an analysis of the global surgical robotics market for the periods (2018-2023) and (2024-2032). 
• The report offers historical (2018-2023) and forecast (2024-2032) market trends for the components, surgery types, and regional markets for the global surgical robotics industry.
• It also provides an assessment of the industry based on the Porter’s Five Forces model, along with a SWOT and value chain analysis.

The major players in the global surgical robotics market are Johnson & Johnson, Intuitive Surgical, Inc., KUKA AG, MAKO Surgical Corp., Renishaw plc, THINK Surgical, Inc., Auris Health, Inc., Medtronic plc, and Smith & Nephew plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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