The global surgical robotic services market accounted for USD 1.57 billion in 2023 and is expected to reach USD 6.65 billion by 2034 with a CAGR of 14.02% during the forecast period 2024-2034. The market will grow as a result of developments in surgical robotics technology, the demand for minimally invasive surgeries, the rise in chronic disease incidence, the expansion of robotic surgery indications, improved reimbursement policies, and surgeon training and education initiatives.
There's a growing preference for minimally invasive surgical procedures among patients and healthcare providers due to benefits such as smaller incisions, reduced blood loss, shorter hospital stays, and quicker recovery times. Surgical robotic systems enable surgeons to perform minimally invasive procedures with greater precision, leading to improved patient outcomes and satisfaction. For instance, Medtronic announced in November 2023 that the HugoTM Surgical Robotic System would be available in the US. With the HugoTM System, sophisticated robotic-assisted surgery can be provided for a variety of operations.
By application, the orthopedics surgery segment accounted for the highest revenue-grossing segment in the global surgical robotic services market in 2023 owing to the increasing adoption of robotic-assisted procedures for knee and hip replacements, spine surgery, and trauma surgery, driven by the rising prevalence of orthopedic conditions and the demand for minimally invasive techniques offering improved patient outcomes and faster recovery times. For instance, in December 2023, OrthoSensor, Inc. - a pioneer in sensor technology for complete joint replacement surgery - was acquired by Stryker. Through this acquisition, Stryker's position in the orthopedic robots market is strengthened and its digital surgical ecosystem is strengthened. Additionally, the neurosurgery segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing demand for precise and minimally invasive procedures for brain and spine surgeries, advancements in neuroimaging technologies facilitating accurate preoperative planning, and increasing adoption of robotic-assisted techniques by neurosurgeons to improve surgical outcomes and patient safety.
By end-user, the hospital's segment accounted for the highest revenue-grossing segment in the global surgical robotic services market in 2023 owing to the large patient volume, complex surgical procedures performed, the advanced infrastructure supporting robotic surgery, and the ability to invest in high-cost robotic systems, ensuring comprehensive surgical care and attracting patients seeking advanced treatment options. For instance, in October 2023, Zimmer Biomet declared that it had successfully acquired MedTech Innovator, a robotic surgical startup that specialized in creating robotic spine surgery equipment. Additionally, the ambulatory surgical centers segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing demand for outpatient procedures, advancements in robotic technology allowing for more compact and affordable systems, and the shift towards value-based healthcare delivery models favoring cost-effective, minimally invasive surgical options provided by ambulatory surgical centers.
North American region is anticipated to have the highest revenue share during the forecast period owing to the region's early adoption of surgical robotics, well-established healthcare infrastructure, high healthcare expenditure, supportive reimbursement policies, presence of key market players, and continuous technological advancements driving the demand for robotic surgical services across various specialties. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the increasing healthcare infrastructure development, rising disposable income, growing awareness about advanced medical technologies, expanding patient population with chronic diseases, and government initiatives to enhance healthcare accessibility and affordability, driving the adoption of surgical robotic services in the region. For instance, Smith & Nephew announced the introduction of its CORITM Surgical System for robotically assisted knee surgeries in February 2023. Patients having knee replacement surgeries can benefit from tailored surgical experiences provided by the CORITM System.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
There's a growing preference for minimally invasive surgical procedures among patients and healthcare providers due to benefits such as smaller incisions, reduced blood loss, shorter hospital stays, and quicker recovery times. Surgical robotic systems enable surgeons to perform minimally invasive procedures with greater precision, leading to improved patient outcomes and satisfaction. For instance, Medtronic announced in November 2023 that the HugoTM Surgical Robotic System would be available in the US. With the HugoTM System, sophisticated robotic-assisted surgery can be provided for a variety of operations.
By application, the orthopedics surgery segment accounted for the highest revenue-grossing segment in the global surgical robotic services market in 2023 owing to the increasing adoption of robotic-assisted procedures for knee and hip replacements, spine surgery, and trauma surgery, driven by the rising prevalence of orthopedic conditions and the demand for minimally invasive techniques offering improved patient outcomes and faster recovery times. For instance, in December 2023, OrthoSensor, Inc. - a pioneer in sensor technology for complete joint replacement surgery - was acquired by Stryker. Through this acquisition, Stryker's position in the orthopedic robots market is strengthened and its digital surgical ecosystem is strengthened. Additionally, the neurosurgery segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing demand for precise and minimally invasive procedures for brain and spine surgeries, advancements in neuroimaging technologies facilitating accurate preoperative planning, and increasing adoption of robotic-assisted techniques by neurosurgeons to improve surgical outcomes and patient safety.
By end-user, the hospital's segment accounted for the highest revenue-grossing segment in the global surgical robotic services market in 2023 owing to the large patient volume, complex surgical procedures performed, the advanced infrastructure supporting robotic surgery, and the ability to invest in high-cost robotic systems, ensuring comprehensive surgical care and attracting patients seeking advanced treatment options. For instance, in October 2023, Zimmer Biomet declared that it had successfully acquired MedTech Innovator, a robotic surgical startup that specialized in creating robotic spine surgery equipment. Additionally, the ambulatory surgical centers segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing demand for outpatient procedures, advancements in robotic technology allowing for more compact and affordable systems, and the shift towards value-based healthcare delivery models favoring cost-effective, minimally invasive surgical options provided by ambulatory surgical centers.
North American region is anticipated to have the highest revenue share during the forecast period owing to the region's early adoption of surgical robotics, well-established healthcare infrastructure, high healthcare expenditure, supportive reimbursement policies, presence of key market players, and continuous technological advancements driving the demand for robotic surgical services across various specialties. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the increasing healthcare infrastructure development, rising disposable income, growing awareness about advanced medical technologies, expanding patient population with chronic diseases, and government initiatives to enhance healthcare accessibility and affordability, driving the adoption of surgical robotic services in the region. For instance, Smith & Nephew announced the introduction of its CORITM Surgical System for robotically assisted knee surgeries in February 2023. Patients having knee replacement surgeries can benefit from tailored surgical experiences provided by the CORITM System.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Application, and End-User
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
Segmentation: Surgical Robotic Services Market Report 2023 - 2034
Surgical Robotic Services Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- General Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Neurosurgery
- Gynecological Surgery
- Urological Surgery
- Others
Surgical Robotic Services Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Others
Surgical Robotic Services Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Surgical Robotic Services Market: Application Estimates & Trend Analysis
8. Surgical Robotic Services Market: End-User Estimates & Trend Analysis
9. Regional Market Analysis
10. North America Surgical Robotic Services Market
11. Europe Global Surgical Robotic Services Market
12. Asia Pacific Global Surgical Robotic Services Market
13. Latin America Global Surgical Robotic Services Market
14. MEA Global Surgical Robotic Services Market
15. Competitor Analysis
16. Company Profiles
Companies Mentioned
- Intuitive Surgical Inc.
- Medtronic plc
- Stryker Corporation
- Zimmer Biomet Holdings Inc.
- Smith & Nephew plc
- TransEnterix Surgical Inc.
- Mazor Robotics Ltd.
- Accuray Incorporated
- Auris Health Inc.
- Renishaw plc
- Titan Medical Inc.
- CMR Surgical Ltd.
- Verb Surgical Inc.
- Microbot Medical Inc.
- Medrobotics Corporation.
