AI-based Surgical Robots Market: Growth Drivers and Challenges
Growth Drivers
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Increased adoption in minimally invasive procedures: AI-based surgical robots are being adopted rapidly due to their improved control and precision in minimally invasive treatments, which are less stressful for patients and lead to faster recovery times. Also, AI-driven devices can help avoid surgical errors by giving real-time input on possible concerns such as bleeding or instrument collisions.
Moreover, researchers are focusing on the development of various frameworks to train surgical robots to perform most complex procedures efficiently. For instance, in 2024, researchers from the University of Toronto, UC Berkeley, ETH Zurich, Georgia Tech, and NVIDIA created ORBIT-Surgical, a simulation framework for training robots that could improve surgical teams' abilities while lightening the cognitive load on surgeons. -
Growing investments from private organizations and governments: The development of AI-based surgical technologies is receiving more funding from governmental and commercial organizations, which is propelling AI-based surgical robots market expansion. Furthermore, the development and uptake of AI-based surgical robots are being accelerated by the growing funding of robotics and AI research in healthcare from governments and healthcare organizations. For instance, in 2024, Abridge AI, Inc., a leading provider of generative AI for clinical documentation, announced a USD 150 million capital increase, capitalizing on the quick adoption of their solution by health systems across the country.
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Increasing technological advancements: Sophisticated robotic systems that combine AI capabilities enhance dexterity and control, allowing for more intricate surgical procedures. AI-driven analytics can assess patient outcomes and optimize surgical techniques, leading to continuous improvement in surgical practices. Moreover, innovations in telecommunication enable surgeries, expanding access to expert surgeons and improving patient outcomes in underserved areas. For instance, telesurgery uses robotics and cameras to allow surgeons to perform operations from any location with a high-speed data connection. The implications are great for medicine in developing nations and the military.
Challenges
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Regulatory approvals: The complicated and time-consuming process of obtaining regulatory approvals can prevent AI-driven robotic surgical systems from being widely used. To promote innovation and assess the safety and effectiveness of these systems, regulatory organizations must set precise rules.
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Growing cyber threats: Cybersecurity concerns are raised by the growing use of AI systems in surgery, as these technologies may be hacked or malfunction and endanger patient safety. Strong security protocols are necessary to guarantee these systems' dependability and integrity.
AI-based Surgical Robots Market: Key Insights
|
Base Year |
2024 |
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Forecast Year |
2025-2037 |
|
CAGR |
16.3% |
|
Base Year Market Size (2024) |
USD 6.63 billion |
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Forecast Year Market Size (2037) |
USD 47.21 billion |
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Regional Scope |
|