According to our latest study on "Micro-surgical robot market Forecast to
2028 – COVID-19 Impact and Global Analysis – by Component, Application, and End User," the micro-surgical robot market is expected to grow from US$
1,280.81 million in 2022 to US$ 2,817.57 million by 2028; it is estimated to
grow at a CAGR of 11.9% from 2022 to 2028. The increasing popularity of
minimally invasive surgical procedures, and the advantages of robotic surgeries in terms of accuracy, repeatability, control, and efficiency are expected toboost the market growth in the coming years. However, the high cost of micro-surgical robots hampers the growth of the global micro-surgical robot market.

Minimally invasive surgeries are associated with less pain, lower complications, shorter hospital stays, and quicker recovery. These procedures can be incorporated into the cardiothoracic and heart surgeries, pediatric surgeries, gastroesophageal reflux treatments, gastroenterology procedures, gynecological surgeries, urogynecology and pelvic reconstructive surgeries, and urological surgeries.

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According to the World Health Organization (WHO), ~235 million major surgeries were performed worldwide in 2019. As stated in a report from the Agency for Healthcare Research and Quality, ~450,000 hip replacement surgeries are performed annually in the US. Further, the Australian Institute of Health and Welfare (AIHW) states that the total knee replacement rate for osteoarthritis surged by ~38% from 2005–2006 to 2017–2018. As per a report published in January 2020 in JAMA Network Open, robot-assisted treatments accounted for ~15.1% of all general surgeries in 2018, up from 1.8% in 2012. Researchers examined clinical registry data from 169,404 patients who had robotic, open, or laparoscopic surgeries at 73 hospitals across Michigan between January 2012 and June 2018. The information comes from the Michigan Surgical Quality Collaborative, a collaboration between hospitals and Blue Cross/Blue Shield of Michigan that focuses on surgical care quality improvement. The increasing number of surgical procedures creates a demand for micro-surgical robots. Elevated demand for laparoscopic surgeries is likely to encourage developments
in the global micro-surgical robot market. For example, Genesis MedTech, a
medical equipment business, announced the launch of revolutionary laparoscopic technologies in Singapore and China in April 2021. This technique enables doctors to adopt minimally invasive procedures instead of open surgical procedures in complex operations, reducing patient risk and improving recovery time.

A rise in the geriatric population is another factor adding to the demand for minimally invasive surgeries. Elderly individuals are more susceptible to chronic diseases, and their bodies are not strong enough to survive complicated open surgeries. According to the WHO, chronic diseases such as cardiovascular disease, cancer, respiratory disease, and diabetes accounted for 17.9 million, 9.3 million, 4.1 million, and 1.5 million deaths worldwide, respectively, in 2021. According to the same source, 41 million people succumb to death due to chronic diseases each year, and these diseases cause 71% of all fatalities in the world. Cancer and diabetes are among the leading causes of mortality across the world. As per a study by the American Cancer Society (ACS), in 2021, ~1.9 million new cancer cases were diagnosed in the US. According to Dutch Cancer Registry, ~123,672 new cancer cases were registered in the Netherlands in 2021. An article published in Elsevier in 2017 states that ~1–3% of females carry breast implants in the Netherlands. Thus, breast surgeries are the most common plastic surgeries in the country. Therefore, the rising demand for minimally invasive surgeries due to the staggering prevalence of chronic medical conditions and the rising number of surgical procedures drives the global micro-surgical robot market growth.

MMI S.p.A.; Microsure B.V.; Stryker Corporation; Intuitive Surgical, Inc.; Medtronic; Galen Robotics, Inc.; Ethicon (Johnson & Johnson Services, Inc.); Asensus Surgical, Inc.; Zimmer Biomet; Titan Medical Inc.; and ForSight Robotics LTD. are a few leading companies operating in the global micro surgical robot market.

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