Next Generation Surgical Robotics Market (By Component: Systems, Accessories, Services; By Technology: Miniaturized Surgical Robotics, Autonomous Surgical Robotics, Teleoperated Surgical Robotics; By Surgery Type: Gynecology Surgery, Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Other Surgeries; By End User: Hospitals, Ambulatory Surgical Centers, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global next generation surgical robotics market size was valued at USD 2.5 billion in 2022 and it is expected to reach around USD 49.34 billion by 2032, poised to grow at a CAGR of 34.8% during the forecast period 2023 to 2032.

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The in availability of various surgeons and physicians across the globe is leading to an increase in adoption of automated instruments for surgery. The surgeries have evolved. Surgery has now involved the use of robotics that are able to do the work with extreme precision compared to the humans. The surgeries with the use of next generation surgical robotics are able to provide precision in anatomical areas that are very difficult for human surgeons to perform. Next generation surgical robotics are made to solve the limitations in the invasive surgeries and next generation surgical robotics are adopted in order to improve the outcome of the open surgical procedures.

Next generation surgical robotics are used in various areas including cardiovascular, orthopedics, neurosurgery, general surgery, gynecology and obstetrics. The robotics used in surgical market are extraordinarily structured in order to have access to various surgeries without making a large incision which normal specialist would do. The medical centers will be able to deliver high quality operations due to the use of robot assisted surgery procedures. Ever since the product has been introduced in the market, that has been a rapid growth.

Growth Factors

The surgical robotic market is expected to grow due to the increasing geriatric population, technological improvements, and the increased focus on the robotics training provided to the doctors. There shall be great innovation in the robotics space due to adoption of technologies like artificial intelligence and cloud computing, which will help in improving the output and reducing the workload for the humans. As there is an increase in the demand and acceptance of the laparoscopic or the minimally invasive surgeries. The market for next generation surgical robotics is expected to grow. Since the patients are aware of the benefits of such surgeries. They opt for this kind of a surgery. It provides great precision, better screening, shorter hospitalization time, reduced risk of infection, reduced pain and discomfort and reduced blood flow.

Owing to an increase in demand for advanced robotic surgeries and automation in the healthcare industry, the next generation surgical robotics market is expected to grow during the forecast period. With the ongoing research and development, there will be an introduction of new sophisticated robotics which will help in meeting the growing needs of the end users. Increased accidents and the injuries caused by these accidents shall impede the growth of the surgical robot's market.

The developing nations like Brazil, China and India shall also provide good growth opportunities for the next generation surgical robotics market. Several industrial strategic initiatives which are taken by the international players will help in the market growth over the years. It will help in the adoption of robotics during the forecast. Integration of cameras or high-definition 3D imaging sensors, remote navigation systems or computing technologies in the robotics will help in increasing the adoption of robotics in the Surgeries.

• Huge number of people belonging to the geriatric population
• Assistance of artificial intelligence for surgical procedures
• Increasing number of surgical procedures carried out all over the world
• Increasing number of high velocity accidents which demand surgical procedures
• Increasing demand for minimally invasive surgeries

Next Generation Surgical Robotics Market Scope

Next Generation Surgical Robotics Market Dynamics

Key Market Drivers

• Minimally invasive surgeries- Increasing demand for surgeries which involve minimum invasive procedures has boosted the size of this market to a great extent. The increasing demand for fewer cuts and with a view to avoid scarring the market for next generation surgical robotics has gained momentum.
• High visualization capabilities- The next generation surgical robotics provide high visualization capabilities which assists the physician to have a better supervision over the procedure with the help of advanced technologies that are utilized by the robotics.
• Growing success rate- With the use of advanced systems and technologies the success rate of surgical procedures has increased to a great extent. As the healthcare sectors have adopted the use of next generation surgical robotics for carrying out the surgical procedures, the chances of human error have reduced to a great extent which emerges as a major factor for the boost in success rate.
• Faster healing of wounds- Surgical wounds prove to be the next biggest complication after a surgical procedure which needs to be taken care of especially when the patient is diabetic. With the introduction of next generation surgical robotics into the system the surgical procedures are carried out with minimum number of wounds created on the body of the individual which requires a very short period of time for healing.

Key Market Challenges- 

• High cost associated with the use of robotics- The total cost of the treatment increase is considerably with the use of next generation robotics. The use of advanced technologies imposes an additional cost of equipment which also includes the factors of maintenance.
• Lack of awareness among the people- People belonging to the rural areas are not aware of the available facilities in the healthcare sector which hampers the growth of the market to a great extent. The introduction of advanced technologies into the surgical field has not penetrated the society and hence the growth of the market is hampered.
• Insufficient disposable income- The disposable income available with the people is not sufficient for opting for advanced technological equipment to carry out surgical procedures. The outbreak of the pandemic had already imposed an additional cost of sanitization on the people which hampered the growth of the market to a great extent.

Key Market Opportunities

• Growing penetration of advanced technologies- The increasing awareness among the people regarding the available advanced procedures and technologies that are used by the health care system to provide better results has attracted the potential consumers for operative procedures. The huge number of people who are opting for surgical procedures as a result of minimally invasive surgeries has helped the market with great opportunities.
• Lucrative reimbursement facilities- Previous reimbursement policies that have been made available to the people by the insurance companies support the growth of the next generation robotics market to a great extent. People are demanding for advanced health care facilities as the expense is taken care of by the insurance companies and the government which has emerged as a major growth factor for the market.

Surgery Type Insights

On the basis of the surgery, the neurosurgery segment is expected to grow at the fastest rate during the forecast. There is great amount of adoption of robotics in neuro surgeries. Over the traditional techniques. Technological advancements and the use of robotics in neuro Surgeries have successful outcomes. The use of automated robotic instruments in brain surgeries will help in the growth of the market.

The orthopedic surgery segment has the good position in the market as there are many injuries caused due to bike and road accidents or any other accidents that need surgeries. Arthritis, joint pains and other reasons for correcting the bones are expected to help in the growth of the market. There's an increased use of robotics for treatment of cancer. For minimally invasive laparoscopic surgeries the demand for robotics has increased in the recent years.

Component Insights

The component, the accessory segment has dominated the global next generation surgical robotics market. Due to an extensive use of accessories for the surgical procedures. The Services segment is also expected to grow well due to a rise in the robot assisted surgeries across the nations. Increase in the geriatric population and chronic diseases like diabetes, arthritis and HIV AIDS leads to the growing use of robotics.

End User Insights

On the basis of the end user, the next generation surgical robotics market is expected to grow in the hospital segment. In the coming years, there shall be an increase in the demand for surgical reports at various hospitals settings and it will offer a lucrative market growth. Next generation surgical robotics at the hospital settings will be able to help with effective patient care. The high number of inpatient visits and increasing surgical procedures at the hospital will lead to the growth in the market. Larger and better hospital infrastructure along with the skilled healthcare personnel available at this infrastructure will help in changing the scenario in various emerging economies.

Next Generation Surgical Robotics Market Share, By Region, 2022 (%)

Region Insights

In the previous year, the North American market had the largest revenue share of about 50%. The adoption of automated surgical instruments in the health care industry and the increasing health care facilities in the United States will drive the market in this region. The smaller number of healthcare professionals and surgeons in the US depending upon the patient population will also drive the regional market for next generation surgical robotics. Chronic illnesses like diabetes, cancer and the cardiovascular diseases have led to an acceleration growth of the market.

Growing population and increasing adoption of advanced automated surgical devices in the Asia Pacific region will help in the growth of the market. The adoption of advanced medical technology and availability of modern health care infrastructure has led to a growth in the Asia Pacific region. Investors are investing in automated instruments and this is expected to help in the growth of the market. Growing awareness of robotics in surgery and the higher acceptance rate of the next generation surgical robotics in this region, the market is expected to grow.

Key Market Developments

• The release of Omnibotics 2.7 was announced by Corine Group It shall be used in the total knee anthroplasty which is an upgraded robotic assisted platform. The announcement was made in January 2021.
• Surgeries with excelsius GPS, inter body solutions for the first time was announced by the Globus medical. With the announcement of this surgery in November 2020. The company's name has been enhanced in spinal robotics and computer assisted surgeries.

Next Generation Surgical Robotics Market Companies

• Medrobotics
• Renishaw plc.
• TransEnterix Surgical, Inc.
• Intuitive Surgical
• Medtronic plc
• THINK Surgical Inc.  
• Zimmer Biomet Holdings Inc.
• Smith & Nephew Plc. (Blue Belt Technologies, Inc.)   
• Auris Next generation surgical robotics, Inc. (Hansen Medical Inc.)
• Intuitive Surgical, Inc.
• KUKA AG
• Stryker Corporation (MAKO Surgical Corp.)
• Mazor Robotics

Segments Covered

By Component

• Systems
• Accessories
• Services

By Technology

• Miniaturized Surgical Robotics
• Autonomous Surgical Robotics
• Teleoperated Surgical Robotics 

By Surgery Type

• Gynecology Surgery
• Urology Surgery
• Neurosurgery
• Orthopedic Surgery
• General Surgery
• Other Surgeries

By End User

• Hospitals
•  Ambulatory Surgical Centers
• Others

By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)