AI-based Surgical Robots Market Analysis

  • Report ID: 6464
  • Published Date: Sep 20, 2024
  • Report Format: PDF, PPT

AI-based Surgical Robots Market Analysis

 Type (Hardware, Services)

Hardware segment is set to account for AI-based surgical robots market share of more than 71.2% by the end of 2037. The market growth can be attributed to the growing adoption of hardware technologies to enhance surgical outcomes and reduce complications. This includes sophisticated robotic arms, personalized equipment, and integrated imaging systems that combine AI with medical expertise to improve care quality. Also, AI-based surgical robots mostly rely on sophisticated imaging systems, including intraoperative imaging, 3D imaging, and real-time visualization tools to guide surgical procedures. Since the high-performance of these imaging devices is essential for accurate and minimally invasive procedures, demand for them is growing.

Application (General Surgery, Gynecology Surgery, Urologic Surgery, Orthopedic Surgery, Neurosurgery)

In AI-based surgical robots market, general surgery segment is expected to account for revenue share of more than 33.2% by the end of 2037. The segment growth can be attributed to the aging population and the increasing incidences of chronic diseases are surging the demand for efficient and reliable solutions such as AI-based robots. According to the United Nations Organization, globally, the population 65 years of age or older is expected to double by 2050, from USD 761 million in 2021 to USD 1.6 billion. The population of those 80 years and above is also rapidly increasing, further providing an impetus to AI-based surgical robots market growth.

Furthermore, general surgery frequently necessitates extended concentration and physical effort from doctors. By helping with activities that require extreme precision, AI-based robots may alleviate a part of this load, lowering surgeon fatigue and enhancing surgical outcomes overall.

End use (Hospitals, Ambulatory Surgical Centers)

By 2037, hospital segment is likely to account for AI-based surgical robots market share of around 62% owing to the growing demand of complex surgical procedures. AI-based surgical robots are especially advantageous to hospitals that provide specialty surgical treatments, such as cardiology, neurology, and oncology. These robots assist in performing difficult surgeries that require extreme precision and quick decision-making. Hospitals are searching for surgical solutions that are adaptable to different kinds of surgeries that are both scalable and versatile. AI-driven surgical robots present an appealing option for hospitals seeking to enhance their capabilities due to their adaptable, modular designs that can be customized for various surgical procedures.

Our in-depth analysis of the global AI-based surgical robots market includes the following segments

Type

  • Hardware
  • Services

Application

  • General Surgery
  • Gynecology Surgery
  • Urologic Surgery
  • Orthopedic Surgery
  • Neurosurgery

End use

  • Hospitals
  • Ambulatory Surgical Centers 
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 6464
  • Published Date: Sep 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of AI-based surgical robots was over USD 6.6 billion.

The market size for AI-based surgical robots is projected to cross USD 46.9 billion by the end of 2037 expanding at a CAGR of 16.3% during the forecast period i.e., between 2025-2037.

The major players in the market are Accuracy Incorporated, Asensus Surgical, Inc., CMR Surgical, Inc., Intuitive Surgical, Inc., Medtronic plc, Meere Company Inc., Stryker Corporation, Smith and Nephew, Activ Surgical, Inc., Titan Medical Inc., and others.

The hardware segment is anticipated to garner a share/size of 71.2% during 2025-2037.

The North America AI-based surgical robots sector is poised to hold a 41.2% share by the end of 2037.
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