Robot-Assisted Surgical Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Robot-Assisted Surgical Systems Market Report is Segmented by Product Type (System, Consumable and Accessories, and Software and Services), Application (Gynecological Surgery, Cardiovascular, Neurosurgery, Orthopedic Surgery, Laparoscopy, Urology, and Other Applications), End-User (Hospitals, Ambulatory Surgery Centers, and Other End-Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Rest of the World). The Market Values are Provided (in USD ) for the Above Segments.

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Robot-Assisted Surgical Systems Market Size

Robotic Assisted Surgery Systems Market Summary
Study Period 2021 - 2029
Market Size (2024) USD 9.92 Billion
Market Size (2029) USD 18.71 Billion
CAGR (2024 - 2029) 13.54 %
Fastest Growing Market North America
Largest Market Asia Pacific
Market Concentration Low

Major Players

Major Players in Robot Assisted Surgical Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Robotic Assisted Surgery Systems Market with other markets in Healthcare Industry

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Robot-assisted Surgical Systems Market Analysis

The Robotic Assisted Surgery Systems Market size is estimated at USD 9.92 billion in 2024, and is expected to reach USD 18.71 billion by 2029, growing at a CAGR of 13.54% during the forecast period (2024-2029).

Factors such as rising technological advancements, entry of new market players, and increasing cases of chronic diseases are propelling the growth of the robot-assisted surgical systems market.

The latest technological advancements in robotic systems have demonstrated enhanced dexterity and precision. These advancements include improved articulation, tremor filtration, visualization, and haptic feedback, enabling surgeons to conduct intricate procedures with unparalleled accuracy and minimal tissue damage. Improved visualization and navigation are critical to technological progress in Robot-assisted surgeries. High-definition 3D cameras and augmented reality overlays offer surgeons an immersive view of the surgical field, enhancing spatial awareness and decision-making capabilities.

For instance, in February 2023, CK Birla Hospital introduced fully active robotic technology for minimally invasive knee replacement surgery in India. This surgical robot system is capable of 3D pre-planning, accurate assessment of deformities, and precise surgical results for exceptional patient outcomes. This technology was introduced to address the growing orthopedic burden by leveraging medical technology to ensure better patient care through improved diagnosis and precise results.

Moreover, established players are facing heightened competition from new entrants. These bring innovative technologies and disruptive pricing models to the market. For instance, in January 2024, CMR Surgical announced plans to launch cutting-edge technologies for Versius, focusing on vision, instrumentation, and digital enhancements. The company also aims to enter new markets, emphasizing its commitment to advancing surgical technologies and expanding its global presence in 2024.

Furthermore, the increasing cases of chronic diseases contribute to the growth of the robotic-assisted surgery systems market. For instance, a report from the World Health Organization in February 2024 highlighted that there were over 20 million new cancer cases worldwide, with 53.5 million individuals surviving at least five years post-diagnosis. Lung cancer was the most prevalent, accounting for 12.4% of new cases, followed closely by female breast cancer (11.6%), colorectal cancer (9.6%), prostate cancer (7.3%), and stomach cancer (4.9%). The rising incidence and survival rates of complex cancer cases are driving demand for advanced surgical solutions, as robot-assisted systems enable precision and minimally invasive procedures critical for improving patient outcomes in oncologic surgeries.

Therefore, owing to the aforementioned factors, such as the rising preference for minimally invasive surgery, rising robotic-assisted procedures, and rising launches by market players, the studied market is anticipated to grow over the analysis period. However, the stringent regulatory processes and high cost of devices are expected to restrain the market growth.

Robot-assisted Surgical Systems Market Trends

The Surgical Robot Segment is Expected to Hold a Significant Market Share Over The Forecast Period

The high burden of cancer and cardiovascular diseases worldwide is expected to drive the demand for surgical robots, enabling surgeons to perform surgeries with accuracy and precision. For instance, according to a report by the Red Española de Registros de Cáncer in January 2023, the estimated incident cases of cancer in Spain for 2023 were 279,260, with 158,544 cases in men and 120,715 in women. The utilization of surgical robots and robot-controlled tools allows for less invasive procedures compared to open surgery, thereby fueling market growth during the forecast period.

Many hospitals and institutions are actively adopting these robots to improve surgical outcomes. For example, in August 2024, Vicarious Surgical entered a strategic development agreement with LSU Health New Orleans, granting access to an extensive network of healthcare professionals and collaborative opportunities with experienced robotic surgeons. This partnership enables Vicarious to advance its robotic surgical systems with direct clinical input. Such collaborations are anticipated to drive growth in the robot-assisted surgical system market by fostering innovation and expanding technological adoption across healthcare networks.

Moreover, major players' launches of technologically advanced surgical robots are anticipated to further boost segment growth. For instance, in November 2023, Johnson and Johnson received approval from the United States Food and Drug Administration for the OTTAVA robotic surgical system, marking a significant milestone poised to propel growth in the surgical robots segment.

Therefore, due to factors such as increasing product availability, rising cancer incidence rates, and the growing adoption of surgical robots, the segment is expected to experience significant growth during the forecast period.

Robotic Assisted Surgery Systems Market: Estimated Number of Cancer Cases (in thousands), By Type, United States, 2024

North America is Expected to Hold a Significant Share in the Market during the Forecast Period

Factors such as the high burden of chronic diseases, technological advancements in robotic-assisted surgery systems, and market player launches are expected to propel the growth of the North American robot-assisted surgical systems market.

The high burden of chronic diseases in the region drives the demand for robotic-assisted surgeries, which is expected to propel the market growth. For instance, according to the American Cancer Society's Cancer Statistics 2023, 1.9 million new cancer cases were diagnosed in the United States in 2023. Therefore, such a huge incidence of cancer cases in the country is expected to increase the demand for advanced robotic-assisted surgery systems for better treatment, which is further expected to boost the market's growth over the forecast period.

Moreover, increasing product approvals in the region are also expected to propel the growth of the robot-assisted surgical systems market. For instance, in November 2024, Johnson & Johnson MedTech received the Food and Drugs Administration's approval of the investigational device exemption (IDE) for its OTTAVA robotic surgical system, enabling clinical trials to commence in United States locations. This approval represents a significant milestone for OTTAVA’s entry into the clinical setting, advancing robotic technology in surgical procedures. This development is expected to drive growth within the robot-assisted surgical system market by broadening clinical applications and encouraging further adoption in surgical care. Similarly, in October 2023, Spine Wave and eCential Robotics, entered into a long-term collaboration agreement involving development, marketing, and commercialization to offer a combined optimized solution and enhance robotic spine surgery.

Therefore, owing to the factors mentioned above, such as the high burden of chronic diseases, rising product approvals, and launches by market players, the growth of the studied market is anticipated in the North American region.

Robotic Assisted Surgery Systems - Growth Rate by Region

Robot-assisted Surgical Systems Industry Overview

The robotic-assisted surgery systems market is fragmented in nature due to the presence of several international and local market players. The high competition in the market is due to high product launches and key strategies adopted by the major players in the market. Some key market players are Intuitive Surgical Inc., Stryker Corporation, Johnson & Johnson Inc., SRI International Inc., Accuray Incorporated, Renishaw PLC, Medtronic PLC, Brainlab, Smith & Nephew PLC, Globus Medical, and Zimmer Biomet, among others.

Robot-assisted Surgical Systems Market Leaders

  1. Intuitive Surgical Inc.

  2. Medtronic

  3. Stryker Corporation

  4. Johnson & Johnson Inc.

  5. Zimmer Biomet

*Disclaimer: Major Players sorted in no particular order

Robot Assisted Surgical Systems Market Concentration
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Robot-assisted Surgical Systems Market News

  • February 2024: THINK Surgical, Inc. entered a partnership agreement with Waldemar Link GmbH & Co. KG from Germany (LINK). With this partnership, THINK Surgical will add the LinkSymphoKnee System to THINK Surgical’s ID-HUB, a proprietary data bank of implant modules for use with its TMINI Miniature Robotic System.
  • October 2024: Krishna Institute of Medical Sciences (KIMS) hospitals signed a Memorandum of Understanding with Intuitive to establish 25 robotic surgery programs equipped with da Vinci robotic-assisted surgical systems across Maharashtra, Karnataka, Andhra Pradesh, and Telangana. This collaboration aims to broaden access to advanced minimally invasive surgery in tier 2 and tier 3 cities.

Robotic Assisted Surgery Systems Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Technological Advancements and Entry of New Market Players

      2. 4.2.2 Increasing Cases of Chronic Diseases and Rising Preference for Minimally Invasive Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Processes and High Cost of Devices

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 5.1 By Product Type

      1. 5.1.1 System

        1. 5.1.1.1 Surgical Robot

        2. 5.1.1.2 Navigation System

      2. 5.1.2 Consumable and Accessories

      3. 5.1.3 Software and Services

    2. 5.2 By Application

      1. 5.2.1 Gynecological Surgery

      2. 5.2.2 Cardiovascular

      3. 5.2.3 Neurosurgery

      4. 5.2.4 Orthopedic Surgery

      5. 5.2.5 Laparoscopy

      6. 5.2.6 Urology

      7. 5.2.7 Other Applications (thyroidectomy, parathyroidectomy, among others)

    3. 5.3 By End-User

      1. 5.3.1 Hospitals

      2. 5.3.2 Ambulatory Surgery Centers

      3. 5.3.3 Other End-Users (surgical specialty clinics, academic and research institutes, among others)

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Intuitive Surgical Inc.

      2. 6.1.2 Stryker Corporation

      3. 6.1.3 Johnson & Johnson Inc.

      4. 6.1.4 SRI International Inc.

      5. 6.1.5 Accuray Incorporated

      6. 6.1.6 Renishaw PLC

      7. 6.1.7 Medtronic PLC

      8. 6.1.8 Smith & Nephew PLC

      9. 6.1.9 Brainlab

      10. 6.1.10 Globus Medical

      11. 6.1.11 Zimmer Biomet

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Robot-assisted Surgical Systems Industry Segmentation

Performing operative procedures with the assistance of robotic technology is referred to as robotic-assisted surgeries. A robotic system ensures precision and is used for remotely controlled, minimally invasive procedures. The current systems comprise computer-controlled electromechanical devices that work in response to controls manipulated by surgeons.

The robotic-assisted surgery systems market is segmented by product type, application, end users, and geography. The product type is further segmented into systems, consumables and accessories, and software and services. The application segment is further divided into gynecological surgery, cardiovascular, neurosurgery, orthopedic surgery, laparoscopy, urology, and other applications. The end user segment is further divided into hospitals, ambulatory surgery centers, and other end users. The geography segment is further segmented into North America, Europe, Asia-Pacific, Middle East, and Africa, and the Rest of the World. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers values (in USD) for the above segments.

By Product Type
System
Surgical Robot
Navigation System
Consumable and Accessories
Software and Services
By Application
Gynecological Surgery
Cardiovascular
Neurosurgery
Orthopedic Surgery
Laparoscopy
Urology
Other Applications (thyroidectomy, parathyroidectomy, among others)
By End-User
Hospitals
Ambulatory Surgery Centers
Other End-Users (surgical specialty clinics, academic and research institutes, among others)
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Robotic Assisted Surgery Systems Market Research Faqs

The Robotic Assisted Surgery Systems Market size is expected to reach USD 9.92 billion in 2024 and grow at a CAGR of 13.54% to reach USD 18.71 billion by 2029.

In 2024, the Robotic Assisted Surgery Systems Market size is expected to reach USD 9.92 billion.

Intuitive Surgical Inc., Medtronic, Stryker Corporation, Johnson & Johnson Inc. and Zimmer Biomet are the major companies operating in the Robotic Assisted Surgery Systems Market.

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Robotic Assisted Surgery Systems Market.

In 2023, the Robotic Assisted Surgery Systems Market size was estimated at USD 8.58 billion. The report covers the Robotic Assisted Surgery Systems Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Robotic Assisted Surgery Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Robotic Assisted Surgery Systems Industry Report

The report on the Robot-assisted Surgical Systems Market provides an extensive industry analysis, offering insights into market segmentation by product type, application, end user, and geography. The market overview highlights the key segments, including systems, consumables and accessories, and software and services. The industry trends indicate significant growth in applications such as gynecological surgery, cardiovascular, neurosurgery, orthopedic surgery, laparoscopy, and urology.

The market forecast suggests a positive industry outlook, with substantial growth rate anticipated across various regions including North America, Europe, Asia-Pacific, Middle East and Africa, and the rest of the world. The market leaders in this sector are driving advancements and innovations, contributing to the overall market growth.

The industry reports provide valuable market data and market value insights, essential for understanding the market dynamics. The market research includes a detailed market review and industry statistics, which are crucial for predicting future market predictions and market segmentation trends.

The report also includes a report example and is available as a report PDF for further reference. This comprehensive industry information is beneficial for research companies and stakeholders to make informed decisions based on the market analysis and market outlook provided.

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Robot-Assisted Surgical Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)