Home Bots in Society Surgical Robots Market Forecasted at $20.28 Billion

Surgical Robots Market Forecasted at $20.28 Billion

by Pieter Werner

The latest report on the global surgical robots market, published by Research and Markets, indicates a robust growth trajectory for the industry. The market size is projected to reach $20.28 billion by 2028, representing a compound annual growth rate (CAGR) of 20.2%. This growth is primarily driven by the integration of advanced technologies like Artificial Intelligence (AI) and the escalating demand for precision in surgical procedures.

North America is currently leading in market share, with Asia-Pacific identified as the fastest-growing region. This trend mirrors the overall progress in the healthcare sector, particularly in minimally invasive procedures and robotic-assisted surgeries. The increasing elderly population and the growing number of surgical patients are significant factors contributing to this market growth. The enhanced surgical outcomes provided by robotic systems, which offer greater precision and reduced recovery times, are vital in this respect. Furthermore, the rising prevalence of chronic diseases and healthcare expenditures are also influencing market expansion.

In terms of technological advancements, notable examples include Smith+Nephew’s CORI handheld robotics system and Robocath’s R-One+ system, which have made notable strides in surgical technology, particularly in terms of safety and remote operation capabilities. Additionally, the acquisition of Bettanini’s Custom Manufacturing by ARCH Medical Solutions Corp. highlights strategic industry movements aimed at improving manufacturing capabilities for surgical robot components.

The report provides a comprehensive analysis of the surgical robots market, detailing usage patterns across various surgical fields such as orthopedics, neurology, and gynecology, and their impact on the healthcare ecosystem. Hospitals, clinics, and ambulatory care centers are identified as the primary end-users, adapting to this technology to enhance patient care.

Overall, the “Surgical Robots Global Market Report 2024” offers an in-depth exploration of the industry, covering the competitive landscape, market dynamics, and regional developments. It serves as a vital resource for healthcare professionals, investors, policymakers, and other stakeholders in understanding the growing importance of surgical robot technology and its role in advancing global healthcare standards.

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