The global surgical robots market is projected to reach USD 23.7 billion by 2029, up from USD 11.1 billion in 2024, registering a robust compound annual growth rate (CAGR) of 16.5% during the forecast period. Market expansion is being driven by aging populations, rising rates of chronic diseases, increasing preference for minimally invasive surgeries, technological breakthroughs, and widespread adoption of surgical robots in healthcare facilities worldwide.
Surgical robots, designed to assist surgeons in performing precise and minimally invasive procedures, have transformed the landscape of modern surgery. These systems improve procedural accuracy, reduce recovery time, minimize surgical risks, and enhance patient outcomes, making them increasingly indispensable in hospitals, clinics, and specialized surgical centers.
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Market Drivers: Aging Populations and Minimally Invasive Procedures
The growing prevalence of chronic diseases such as cardiovascular disorders, orthopedic conditions, and urological and gynecological ailments is driving demand for advanced surgical solutions. Minimally invasive procedures are preferred for their shorter hospital stays, reduced pain, and lower risk of complications. Surgical robots provide significant advantages in these procedures, allowing surgeons to perform complex operations with enhanced precision, flexibility, and control.
Additionally, technological breakthroughs in robotic-assisted surgery, including enhanced visualization, haptic feedback, and artificial intelligence-enabled navigation, are expanding the range of surgical applications. Hospitals worldwide are increasingly integrating robotic systems to improve surgical efficiency and patient care, further propelling market growth.
Competitive Landscape and Key Players
The surgical robots market is highly competitive, with a mix of established multinational corporations and innovative regional players driving innovation and market expansion. Prominent companies in the market include Intuitive Surgical (US), Stryker (US), Medtronic (Ireland), Smith+Nephew (UK), Zimmer Biomet (US), Asensus Surgical (US), Siemens Healthineers (Germany), CMR Surgical (UK), Johnson & Johnson (US), Renishaw Plc (UK), Avateramedical GmbH (Germany), Brainlab AG (Germany), Think Surgical (US), Medicaroid Corporation (Japan), Globus Medical, Inc. (US), Corin Group (UK), Ecential Robotics (France), Titan Medical, Inc. (Canada), TINAVI Medical (China), Monteris (US), Microsure (Netherlands), Medical Microinstruments (US), Momentis Innovative Surgery (Israel), Distalmotion (Switzerland), and Novus Arge (Turkey).
These players employ growth strategies such as new product launches, acquisitions, collaborations, agreements, and global expansion to increase their market presence and reach.
Intuitive Surgical (US)
Intuitive Surgical, a pioneering leader in robotic-assisted surgery, designs, manufactures, and markets surgical robotic systems and related instruments. Its flagship product, the da Vinci system, became the first FDA-cleared surgical robot for laparoscopic procedures in 2000. The system supports a variety of surgeries, including prostatectomy, hysterectomy, hernia repair, cholecystectomy, partial nephrectomy, sacrocolpopexy, mitral valve repair, lobectomy, and colorectal procedures.
In 2023, approximately 659 da Vinci systems were placed under operating leases, with 355 under usage-based leases. In India alone, over 100 da Vinci systems support more than 800 robotically assisted surgeons across public and private institutions. Intuitive Surgical’s strong presence in North America and Europe, coupled with direct sales operations and a global service network, has cemented its leading market position.
Stryker Corporation (US)
Stryker, a leading medical device company, operates through three main segments: Orthopaedics, MedSurg, and Neurotechnology & Spine. Its portfolio includes orthopedic implants, surgical instruments, surgical navigation systems, endoscopic and communication systems, patient handling equipment, and neurosurgical devices.
In December 2013, Stryker acquired MAKO Surgical, marking its entry into the surgical robots market. Today, Stryker offers robotic-assisted systems under its Orthopaedics and Spine segments. With 30 manufacturing facilities globally and a strong presence in the US, Canada, Europe, Japan, and Pacific and Latin American regions, Stryker continues to expand its footprint in the surgical robotics sector.
Medtronic Plc (Ireland)
Medtronic, a global leader in medical technology, provides devices for spinal, neurological, cardiovascular, respiratory, orthopedic, and diabetic conditions. Following its acquisition of Covidien plc in 2015, Medtronic restructured its operations and now functions through four segments: Cardiovascular, Neuroscience, Medical Surgical, and Diabetes.
The Medical Surgical segment, formerly Covidien, includes the Surgical Innovations subsegment, which offers surgical robots. Medtronic serves hospitals, clinics, distributors, government healthcare programs, and group purchasing organizations across more than 150 countries, emphasizing advanced robotic solutions for minimally invasive and complex surgical procedures.
Industry Trends and Future Outlook
The surgical robots market is expected to witness continued growth driven by several trends:
- Expansion of Minimally Invasive Surgery: Growing adoption of laparoscopic and robotic-assisted procedures reduces patient recovery times and hospital stays.
- Technological Innovations: AI-driven navigation, enhanced imaging, and haptic feedback systems are improving surgical precision and workflow efficiency.
- Global Market Penetration: Emerging economies are increasingly adopting surgical robots as healthcare infrastructure improves.
- Strategic Collaborations: Partnerships, mergers, and acquisitions are enabling companies to enhance portfolios and strengthen geographic presence.
Challenges such as high equipment costs, training requirements, and hospital budget constraints remain, but market players are continuously innovating to provide cost-effective and efficient solutions.
Conclusion
The global surgical robots market is poised for significant growth, driven by technological advancements, rising adoption of minimally invasive procedures, and increasing healthcare needs due to aging populations and chronic disease prevalence. Leading players, including Intuitive Surgical, Stryker, and Medtronic, are investing in R&D, product innovation, and global expansion to meet growing demand and transform surgical care worldwide.
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