Surgical Robots Market Share

Regionally, the global surgical robots market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific industry is set to account for largest revenue share by 2036, ascribed to growing demand for surgical robots in China and India, and rising advancements in surgical systems in the region. Moreover, the market in Europe is expected to gather the largest share during the forecast period ascribing to the favorable reimbursement policies in publicly funded hospitals in the region. In addition, high spending in the development of robots, and strong presence of market players are also projected to drive market growth in the region in the coming years. As per the European Union Stats, 7% of the enterprises in the European Union employ at least 10 persons used industrial or service robots. Also, enterprises more commonly use industrial robots (5%) than service robots (2%).

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of surgical robots is assessed at USD 4.2 billion.

Surgical Robots Market size was valued at USD 3.91 billion in 2023 and is anticipated to reach USD 12.57 billion by 2036, expanding at around 9.4% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by increasing healthcare expenditure across the globe, and growing private and venture funding for medical robot research.

Asia Pacific industry is set to account for largest revenue share by 2036, ascribed to growing demand for surgical robots in China and India, and rising advancements in surgical systems in the region.

The major players in the market are Accuracy Inc., Intuitive Surgical, Inc., Auris Surgical Robotics, Medtech SA, Stryker Corporation, and others.

Surgical Robots Market Share