AI-based Surgical Robots Market Share

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

AI-based Surgical Robots Market Share

North America Market Statistics

North America in AI-based surgical robots market is likely to hold more than 41.2% revenue share by 2037. The market is expanding due to the increasing adoption of advanced medical technologies and an established cutting-edge healthcare infrastructure. Furthermore, the increased adoption of AI-powered surgical robots and minimally invasive surgical techniques will accelerate the region’s market growth.

The regulatory framework in the U.S. supports the use of AI-based surgical technology. Regulatory agencies including the FDA offer streamlined procedures for approving medical products, such as AI-driven surgical robots, hastening their release onto the AI-based surgical robots market. For instance, in 2024, the FDA approved the MIRA Surgical System, the world's first tiny robotic-assisted surgery (miniRAS) equipment, for people undergoing colectomy procedures.

In Canada, incentives from the public and private sectors supporting innovation in healthcare are propelling the nation's adoption of AI-powered surgical robots. Also, the need for AI-based surgical robots, which can increase the accuracy and efficacy of these crucial treatments, is driven by the increased incidence of cancer and other illnesses that require sophisticated surgeries. According to the Government of Canada, 229,200 Canadians received a cancer diagnosis in 2021.

APAC Market Analysis

By 2037, AI-based surgical robots AI-based surgical robots market is predicted to hold more than 22% share. The market expansion can be ascribed to the rise in chronic disease patients and the increased awareness of the benefits of using robotic, minimally invasive, automated medical technologies. Furthermore, the increasing regional expansion of leading manufacturers will stimulate market growth.

In China, AI-based surgical robots are becoming a common curriculum in medical schools and training facilities. This training increases the demand for robotic-assisted procedures in clinical practice by preparing the next generation of surgeons to use them. For instance, in 2023, a new robotic surgery training center was opened by the CITRIS-China cooperation. Students from the U.S., China, and other Asia-Pacific nations can study the minimally invasive methods provided by robotic surgery.

In India, cooperation between private technology firms and public healthcare facilities is accelerating the creation and use of AI-based surgical robots. This collaboration ensures that cutting-edge technologies are quickly incorporated into the healthcare system and fosters innovation.

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AI-based Surgical Robots Market Share
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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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