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Posted by Harry on September 4, 2024 at 8:22am 0 Comments 0 Likes
The global Surgical Robots Market size is expected to reach USD 7.42 billion by 2030 and is expected to grow at a CAGR of 9.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Surgical robotic systems are equipped with high-definition cameras and robotic arms, allowing surgeons to perform complicated procedures with enhanced accuracy. The market has grown substantially due to rising demand for minimally invasive surgeries, need for improved surgical outcomes, and continuous evolution of robotic technology. As the healthcare landscape embraces innovation, surgical robots are increasingly becoming a vital tool, revolutionizing surgical approaches and contributing to better patient care.
Moreover, increasing penetration of international players in various regions is expected to boost market growth. COVID-19 outbreak significantly influenced the uptake and integration of surgical robots. Supply chain disruptions and extensive lockdowns across key nations had a notable impact on market growth. An overall decline in surgical procedure volumes due to the pandemic and stringent regulations contributed to the downturn in 2020. As circumstances move closer to pre-pandemic norms, the market is poised for substantial growth.
In addition, collaborative efforts between governments, hospitals, and medical device companies create a favorable environment for product adoption, propelling market growth. For instance, in August 2023, The CK Birla Group partnered with 'Intuitive India' to introduce their Da Vinci Surgical Robot. This collaboration encompasses extensive technology training and assistance from Intuitive India, focusing on enhancing skills of senior surgeons at hospitals. In April 2023, during a symposium on Robotic Colorectal Cancer hosted by the Association of Colon and Rectal Surgeons of India, Apollo Cancer Centers introduced the latest fourth generation Da Vinci Xi Robotic System.
List of Key Players in the Surgical Robots Market
Related Press Release@ Surgical Robots Market Report
Surgical Robots Market Report Highlights
Report Attribute |
Details |
Market size value in 2024 |
USD 4.31 billion |
Revenue forecast in 2030 |
USD 7.42 billion |
Growth rate |
CAGR of 9.5% from 2024 to 2030 |
Base year for estimation |
2023 |
Historical data |
2018 - 2022 |
Forecast period |
2024 - 2030 |
Surgical Robots Market Segmentation
Grand View Research has segmented the global surgical robots market based on application, end-use, and region:
Surgical Robots Application Outlook (Revenue, USD Million, 2018 - 2030)
Surgical Robots End-use Outlook (Revenue, USD Million, 2018 - 2030)
Surgical Robots Regional Outlook (Revenue, USD Million, 2018 - 2030)
Explore Horizon, the world's most expansive market research database
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