The global Surgical Robotics Market is predicted to garner a market revenue of USD 9.59 billion by 2027, expanding at a CAGR of 24.6%, according to the latest report by Emergen Research. The accelerating automation of healthcare sector, augmenting the need for minimally-invasive surgical interventions, and the escalating incorporation of novel technologies in developing and developed economies are estimated to propel the surgical robots’ adoption, thereby bolstering the market expansion. The primary reason for the augmented demand for minimally invasive procedures is the pain and surgical scars associated with invasive surgeries.
To gain a strong foothold in the market, the industry’s major players are focusing on the development of portable non-invasive robotic platforms. For instance, U.K.-based CMR Surgical’s Versius Surgical Robotic System has been extensively used by surgeons from the NHS for minimal access surgery. The robotic device’s portable feature allows quick movement within the OR and between numerous hospitals and assists in keyhole surgery.
Development of numerous user-friendly and technologically advanced robotic platforms to cater to the growing need is a significant factor boosting the industry’s growth. For instance, U.S-based TransEnterix’s Senhance Surgical Robot System received approval from Japan for numerous procedures. However, the lack of awareness about the benefits of robotic surgery across the medical fraternity and mechanical failures associated with the systems is anticipated to impede market growth.
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Key Highlights from the Report:
- The ambulatory care centers segment registered the highest growth rate owing to their extensive usage and rapid expansion of ambulatory care centers in developed countries. The hospitals segment accounted for a substantial market share due to the accelerating adoption of robotic-assisted surgeries in hospitals.
- North America occupied a significant share of the industry in 2019, accounting for 47.2% market share attributable to the more and more hospitals adopting robotic-assisted surgeries, increasing disposable income, and favorable government initiatives for innovative robotic technologies.
- Key market players include CMR Surgical, Medrobotics, Verb Surgical, BrainLab, DePuy Synthes, Zimmer Biomet, Globus Medical, Titan Medical, TransEnterix, Procept BioRobotics, Globus Medical, Auris Health, ELMED Medical, Getinge, and Blue Belt Technologies, among others.
- In 2018, Medtronic acquired Mazor Robotics to develop an advanced surgical system to fuse spine technologies with Mazor Robotics’ systems. The latter’s Mazor X gained a 510(k) clearance from the FDA and is used with Stealth in robot-assisted surgeries.
- Midland Health joined forces with neurosurgeons and Midland Memorial Hospital in February 2020 for small-cut robotic spine surgery. The Mazor X Stealth Robotic Navigation System was used as it allows image-based pre-operative analytics and offers intra-operative guidance during the surgery.
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For the purpose of this report, Emergen Research has segmented the Global Surgical Robotics Market on the basis of product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Orthopedic Surgery
- Spinal surgery
- Robotic Radiosurgery System
- ENT Surgery
Application Outlook (Revenue, USD Billion; 2017-2027)
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Ambulatory Care Centers
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
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About Emergen Research
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