Surgical Robots Market Size, Share, Key Trends, Research Analysis, and Future Forecast 2020 – 2027

The surgical robots market is projected to reach US$ 17,647.82 million by 2028 from US$ 6,839.07 million in 2021. It is expected to register a CAGR of 14.8% from 2022 to 2028.


Shahbaz Syed

a year ago | 3 min read

According to our new research
study on “
Surgical Robots Market to 2028 – COVID-19 Impact and
Global Analysis – by Components, Application, and End User,” the market is
expected to reach US$ 17,647.82 million by 2028 from US$ 6,839.07 million in
2021. It is expected to grow at a CAGR of 14.8% during 2022–2028. The report
highlights trends prevailing in the market and factors driving its growth. The
global Surgical Robots market is anticipated to grow in the forecast period
owing to driving factors such as an increase in the surgical procedures,
accuracy of the surgical robots, increasing popularity of minimally invasive
surgeries, and increasing regulatory approval by the Government.

Based on components, the market
is segmented into instruments and accessories, robotic systems, and services.
Instruments and Accessories to hold the largest share of the components segment
in the global surgical robots market during 2022–2028 and is expected to be
around US$ 9,673.90 million by 2028 from the  US$ 3584.57 million in 2021;
it is estimated to grow at a CAGR of 15.5% during 2022–2028. The report
highlights the key factors driving the surgical robots market and prominent
players with their developments in the global surgical robots market. Rising
expenditure to develop healthcare infrastructure coupled with rising research
and development proficiencies to make advancements in healthcare technology is
further propelling growth in the global surgical robots market value.
Increasing patient preference for minimally invasive procedures and increasing
personal disposable income are some other market growth determinants.

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Impact of
COVID-19 Pandemic on global Surgical Robots Market:

The cost of overall healthcare
is surging significantly in North America. The US health system incurred a
direct cost of US$ 5.3 billion in 2020. The healthcare system contributed US$
60 billion in addition to the overall annual costs of the US in 2020. Over 40%
of the population in North America canceled their appointments in 2020, and 13%
reported that they needed care but had not scheduled or received care. The
COVID-19 pandemic altered economic conditions and social behaviors in North
American countries. Containment measures enacted by governments to mitigate the
spread of disease changed the US healthcare service delivery pattern. According
to the Department of Emergency Medicine, in many cities across the country,
emergency department (ED) visits decreased by ~40% in 2020. Moreover,
outpatient appointments and elective treatments were postponed or replaced by
telemedicine practices.

Regarding the surgical procedure
itself, the fewer the surgical team members, the lower the possibility of
contamination. While robots-assisted surgery can lessen the risk of
contamination, contactless remote robotic surgery, which can be performed with
the patient's presence in the operating theatre, would be the ideal situation
for preventing virus spread. This visionary environment would allow surgeons to
continue operating during pandemic-like situations without fearing additional

Furthermore, the chaotic
situation was created in the healthcare industry across the countries, leading
to a reduced number of consultations and a smaller number of cancer cases
diagnosed. For instance, international efforts suggest that the diagnoses of
cancers were reduced by 40% between March 9, 2020, and May 17, 2020, compared
to diagnoses averaged over the same period in 2018 and 2019. In its disruption
of clinical trials and drug supply to patients, the COVID-19 pandemic impacted
the most crucial areas of the global surgical robots market.


Surging Number
of Surgical Procedures Drives Global Surgical Robots Market

There is a rise in the number of
surgeries performed across the world. In the last 25 years, the incidence of
cardiovascular diseases has increased globally. The rise in diabetic cases and
lifestyle changes are leading to an increase in the number of cardiovascular
surgeries and general surgeries. For instance, colorectal cancer is one of the
most commonly found and lethal cancers developed in individuals due to the
combined influence of genetic and environmental factors. According to the World
Health Organization (WHO), colorectal cancer is the third most prevalent form
of cancer, with ~1.93 million global cases in 2020.

Furthermore, colorectal cancer
mortality and incidence rates vary globally, and ~916,000 deaths in 2020 were
associated with it. It is the third most common type of cancer in men and the
second most common cancer in women. The lifetime risk of developing colorectal
cancer is about 1 in 23 for men and 1 in 25 for women. ~95,55,027 cancer deaths
were recorded in 2018, of which 8,80,792 were related to colorectal cancer.
Therefore, colorectal cancer was identified as the third most common cancer and
the second highest death-causing cancer. Therefore, the increasing number of
colorectal cancer incidences has resulted in the surging demand for surgical

Intuitive Surgical; Stryker;
Zimmer Biomet; Smith+Nephew; Johnson & Johnson Services, Inc.; Siemens
Healthineers; Renishaw plc; Asensus Surgical, Inc.; THINK Surgical, and
Medtronic are some of the leading market players in the global surgical robots

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Created by

Shahbaz Syed







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