Global Surgical Robots Market Size Will Be $27.49 Billon in 2032 at 9.5% CAGR
Global  Surgical Robots  Market Size Will Be $27.49 Billon in 2032 at 9.5% CAGR
The global market for surgical robots worldwide was valued at USD 5.06 billion in 2021. The market is predicted to grow at a 16.6 percent CAGR between 2023-2032.

The need for Robots for Surgical Robots:

The rise in the rate of chronic illnesses around the world has resulted in an increasing number of surgical procedures. These include as well, for instance, cataract surgery, cardiac surgery, and orthopedic surgery. The National Institutes of Health and the National Eye Institute project that the total number of cataract cases in America will be around 38 million by 2030.

In addition, 3 million people undergo cataract surgery each year. This is expected to boost the industry's growth. While surgical robotics has been in use for many procedures for over 35 years, there have significant developments in the field over the last 20 years. These advancements will drive up the demand for surgical robots that will add value to the overall market growth.

Driving Factors:

The benefits of robotic-assisted surgery procedures

The demand for worldwide minimally invasive surgery (MIS). This is due to several advantages such as smaller cuts and incisions with less scarring, less anxiety, more safety, quicker recovery times, and significant cost savings. Robotic minimally invasive surgery adds to these benefits by providing greater precision, repeatability, and control along with increased efficiency.

A study published in 2020 comparing surgical outcomes between traditional and integrated laparoscopic surgery for gastrectomy showed that IRDG (integrated robot distal gastrectomy group) was able to achieve a 98.0 percent success rate. This is significantly higher than that of the CLDG (conventional laparoscopic distal gastrectomy group) with an 89.5 percent success rate. Despite the similarity in patients and in-patient issues, the readmission rate for the IRDG group (98.0%) was lower than that of the CLDG (84.3 percent).

The robotic surgery procedure gives surgeons a clear view of the area. HD cameras are used to observe microscopic structures. Robotic surgery is more precise than the human hand due to its greater maneuverability and rotational flexibility. These advantages along with the growing demand for faster, better healthcare will fuel market growth for surgical robotics.

Factors affecting the market for Surgical Robots:

The Global Surgical Robots Market is hindered by a variety of reasons. They include the high risk associated with robotic-assisted surgeries, including bleeding, infections heart risks, dangers of anesthesia, human mistakes in operating the technology, and the risk of mechanical failure.

Surgical Robots Market Trends:

Robotic surgery has the potential to increase its share of the market areas like oesophagostomy gastric bypass and adrenalectomy. The general robotic surgery market is expected to expand due to the increasing incidence of illnesses like abdominal and esophageal.

SIRA (single incision, robotic adrenalectomy) it combines the finest aspects of robotic surgery with laparoscopic procedures. This procedure is safe, effective, and feasible to remove adrenal glands in carefully selected pediatric patients. This technique should be improved.

Robot-assisted adrenalectomy may be considered a viable alternative to adrenal gland resection. It's not yet considered the gold standard for many nations, including the United States. This is because laparoscopic adrenalectomy has grown in popularity and is more effective than robot-assisted.

According to the National Institute of Diabetes and Digestive and Kidney Diseases, between 60 and 70 million suffer from digestive illnesses. Intuitive Surgical Robots Market system is able to do general surgeries like colorectal, hernia, Cholecystectomy, and thoracic surgeries with fewer adverse consequences.

Recent Developments:

Auris Health, Inc. Auris Health, Inc., a division of Johnson & Johnson, approved the FDA's Monarch robotic surgical system on May 2nd, 2022. The system is also able to eliminate kidney stones. It is the only multi-specialty robotic that is able to be utilized for both urology as well as bronchoscopy. FDA approval allows hospitals to treat two illnesses with the same device.

26 April and 2022 April were the first announcements of the long-term partnership between essential Robotics (essential Robotics) and Amplitude Surgical to create a joint robotics solution for knee surgery.

Market Key Players:

Bruker Corporation, Smith & Nephew, Medrobotisdz Corporation, Medtronic Rls, Renidzhaw Rls, Intuitive Dzurgisal Ins., TrandzEnterikh Dzurgisal Ins., CMR Surgical, Zimmer Biomet, Corin Group, and Other important players in the Surgical Robots market.

Surgery Robots Market Segmentation:

The global market segments are based on the type of application. These include general surgery, gynecology, orthopedics, and urology as well as others. The global market segments are classified according to the end-user and include hospitals as well as ambulatory surgical centers and many others. The gynecology market will make up a large part of the surgical robots market share during the forecast time.

The market's growth is driven by the high adoption and demand for minimally invasive procedures. This will result in greater demand for surgical robots in the hospital market in the coming years. This will affect the market size of surgical robotics.

Most frequently asked questions:

What is the size of the Surgical Robots Market?

The Surgical Robots Market was estimated at USD 5.06 Billion in 2021. The market is expected to reach USD 27.41 Billion in 2032.

What is Surgical Robots Market?

The Surgical Robots Market is expected to grow at an annual rate of 16.6  percent between 2021 and 2032, averaging $47.41 Billion by 2032.

Which industry segment was responsible for the greatest percentage of the market's revenue from Surgical Robots?

North America was the largest market for surgical robotics in 2021, accounting for a percentage of 50.5%. This could be due to the growing use of hospitals for robotic-assisted surgery, increased expenditure on healthcare in the U.S., and rising investment in robotics in the region.

What is driving the Surgical Robots Market?

The world's physician and surgeon shortage in addition to the rising use of surgical robots for surgery are the main factors that drive the market's growth.

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