Robotic Assisted Surgery System Market Report 2024 (Global Edition)

Global Robotic Assisted Surgery System Market Report 2024 Market Size Split by Product type (System, Surgical Robo, Navigation System, Consumable and Accessories, Software and Services), by Applicatio...

Robotic Assisted Surgery System Market Report Description

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Robotic Assisted Surgery System Market Insights Video

Competitive Landscape of the Robotic Assisted Surgery System Market

The market landscape of robotic-assisted surgery systems encompasses established operators along with emerging companies. Innovation is assured as these companies invest extensively in research and development to enhance surgical precision, improving patient outcomes. Furthermore, partnerships and collaborations among healthcare providers and technology firms are becoming increasingly in vogue to extend their market reach and enhance the capability of these systems. Therefore, the increase in demand for minimally invasive surgeries, the same could trigger not only increased competition but also technological advancement of robotic surgical systems.

In October 2023, Johnson & Johnson MedTech, DePuy Synthes' orthopedics division, introduced the VELYS Robotic Assisted Solution. The solution has been utilized in complete knee replacements in Germany, Belgium, and Switzerland. With this introduction, DePuy Synthes expands the networked technologies inside its Digital Surgery Platform to satisfy unmet demand for orthopedic robots. (Source: https://www.jnjmedtech.com/en-EMEA/company/depuy-synthes/news/depuy-synthes-officially-launches-velys-robotic-assisted-solution-european-market) January 2024, Intuitive Surgical announced that the da Vinci Single-Port (SP) surgical system has received CE mark clearance from the European Union (EU) for endoscopic abdominopelvic, thoracoscopic, transoral otolaryngology, transanal colorectal, and breast surgeries. (Source: https://www.mpo-mag.com/contents/view_breaking-news/2024-01-24/intuitives-da-vinci-single-port-surgical-robot-grabs-eu-approval/) In January 2022, Smith & Nephew bought Engage Surgical, which manufactures cementless knee systems in the United States. This acquisition strengthened its position in meniscus tear treatments and other knee arthroscopy equipment. (Source: https://www.insidermedia.com/news/national/smith-nephew-acquires-knee-implant-manufacturer)

Top Companies Market Share in Robotic Assisted Surgery System Industry: (In no particular order of Rank)

• Intuitive Surgical Inc.
• Stryker Corporation
• Johnson & Johnson Inc
• SRI International Inc.
• Accuray Incorporated
• Renishaw PLC
• Medtronic PLC
• Brainlab
• Smith & Nephew PLC
• Globus Medical
• Zimmer Biomet
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Robotic Assisted Surgery System Market

Which Region Dominates the Robotic Assisted Surgery System Market in 2024?

According to Cognitive Market Research, North America currently dominates the Robotic Assisted Surgery Systems market, and the region is expected to have significant growth during the projected period. The market growth in this sector is attributed to the increased use of automated surgical tools and the implementation of next-generation healthcare systems in the US.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This is due to the growing patient population and the increased usage of advanced automated surgical tools.

The current report Scope analyzes Robotic Assisted Surgery System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Robotic Assisted Surgery System Market

According to Cognitive Market Research, the global Robotic Assisted Surgery System market size was estimated at USD 8124.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3249.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Robotic Assisted Surgery System market with a market size of USD 2564.00 million in 2024 and is projected to grow at a CAGR of 13.2% during the forecast period. The U.S. has a growing number of trained professionals
• The Canada Robotic Assisted Surgery System market had a market share of USD 389.96 million in 2024 and is projected to grow at a CAGR of 14.2% during the forecast period. Canada’s increasing adoption of minimally invasive surgical techniques
• The Mexico Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 295.72 million in 2024.

Europe Robotic Assisted Surgery System Market

According to Cognitive Market Research, the global Robotic Assisted Surgery System market size was estimated at USD 8124.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2437.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.

• The United Kingdom Robotic Assisted Surgery System market had a market share of USD 409.46 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. In the UK, Robotic Assisted Surgery System sales witness an upswing due to the increasingly advanced technologies to improve surgical outcomes and patient care
• The France Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 224.23 million in 2024.
• According to Cognitive Market Research, the German Robotic Assisted Surgery System market size was valued at USD 482.58 million in 2024 and is projected to grow at a CAGR of 13.9% during the forecast period. In Germany, Robotic Assisted Surgery Systems surged due to the rising demand for minimally invasive procedures
• The Italy Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 13.1% during the forecast period, with a market size of USD 209.60 million in 2024.
• The Russia Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 377.78 million in 2024.
• The Spain Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 12.8% during the forecast period with a market size of USD 199.86 million in 2024
• The Luxembourg Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 75.56 million in 2024.
• The Portugal Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 51.18 million in 2024.
• The Greece Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD 29.25 million in 2024.
• The Rest of Europe's Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 377.78 million in 2024.

Asia Pacific Robotic Assisted Surgery System Market

According to Cognitive Market Research, the global Robotic Assisted Surgery System market size was estimated at USD 8124.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1868.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Robotic Assisted Surgery System market size was valued at USD 840.85 million in 2024 and is projected to grow at a CAGR of 16.7% during the forecast period. Robotic Assisted Surgery Systems surged in China due to the rapid advancements in healthcare technology
• The Japan Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 257.86 million in 2024.
• The India Robotic Assisted Surgery System market had a market share of USD 224.23 million in 2024 and is projected to grow at a CAGR of 19.0% during the forecast period. India's growing demand for high-quality surgical procedures
• The South Korean Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 16.3% during the forecast period, with a market size of USD 186.86 million in 2024.
• The Australian Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 16.9% during the forecast period, with a market size of USD 97.17 million in 2024.
• The South East Asia Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 18.2% during the forecast period, with a market size of USD 128.93 million in 2024.
• The Rest of Asia Pacific Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 17.0% during the forecast period, with a market size of USD 132.67 million in 2024.

South America Robotic Assisted Surgery System Market

According to Cognitive Market Research, the global Robotic Assisted Surgery System market size was estimated at USD 8124.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 406.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Robotic Assisted Surgery System market size was valued at USD 173.86 million in 2024 and is projected to grow at a CAGR of 15.2% during the forecast period. Robotic Assisted Surgery Systems flourished in Brazil due to increasing adoption of minimally invasive surgical techniques
• Argentina's Robotic Assisted Surgery System market had a market share of USD 68.24 million in 2024 and is projected to grow at a CAGR of 15.5% during the forecast period. Argentina's rapid advancements in healthcare technology
• Colombia Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 36.15 million in 2024.
• Peru Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 14.8% during the forecast period, with a market size of USD 33.31 million in 2024.
• Chile Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 29.25 million in 2024.
• The Rest of Latin America's Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 65.40 million in 2024.

Middle East and Africa Robotic Assisted Surgery System Market

According to Cognitive Market Research, the global Robotic Assisted Surgery System market size was estimated at USD 8124.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 162.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.9% from 2024 to 2031..

• The GCC Countries Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 69.54 million in 2024. Robotic Assisted Surgery System sales flourish due to the increasing demand for minimally invasive surgeries
• The Egypt Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 17.06 million in 2024.
• The South Africa Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 25.67 million in 2024. Robotic Assisted Surgery System sales flourished in South Africa due to advancements in robotic technology
• The Turkey Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 13.97 million in 2024.
• The Nigeria Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD 17.06 million in 2024.
• The Rest of the MEA Robotic Assisted Surgery System market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 19.17 million in 2024.

Robotic Assisted Surgery System Market Analysis

Robotic Assisted Surgery System Market Product Type Segment Analysis

According to Cognitive Market Research, in 2024, the surgical robot category had a majority of revenue share in the robotic-assisted surgery systems market. The global incidence of cardiovascular and cancer problems is expected to rise, increasing the demand for surgical robots to execute precise and accurate surgeries.

Consumable and Accessories is the fastest-growing segment within the Robotic Assisted Surgery System Market. This is due to an increasingly wide range of consumables utilized in the surgery-one could say, for instance, surgical instruments and drapes, among other things peculiar to robotic surgery. Indeed, this has seen significant growth owing to rising demand for such consumable products due to increasing investments made by health facilities in the said robotic-assisted technologies.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Robotic Assisted Surgery System Industry. Request a Free Sample PDF!

Robotic Assisted Surgery System Market Application Segment Analysis

According to Cognitive Market Research, Gynecological Surgery is the leading segment in the Robotic Assisted Surgery System Market. This can be attributed to the rising incidence of robotic-assisted hysterectomies and myomectomies, as the benefits lie in higher accuracy, quicker recoveries, and fewer complications. With more health facilities appreciating the potential benefits of robotic systems in gynecological surgeries, besides the advancement in technology to better results in surgical outcomes, the demand for robotic-assisted gynecologic surgeries keeps growing steadily.

The neurosurgery sector is anticipated to have the fastest CAGR between 2024 and 2032. The growing use of surgical robots in general procedures, as well as the advantages they provide over traditional surgical methods, helps the entire market. Furthermore, advancements in technology and excellent outcomes in robotic neurosurgery are expected to drive the growth of the robot-assisted surgical systems market in the coming years.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Robotic Assisted Surgery System End user Segment Analysis

Robotic Assisted Surgery System Market End-user Segment Analysis

According to Cognitive Market Research, the hospital category dominated the market in 2024 and is expected to grow at a high CAGR between 2024 and 2032. Rising healthcare expenses in numerous economies have contributed to the rise of the hospital market segment. Hospitals deliver high-quality care by utilizing cutting-edge robotic-assisted surgical technology.

Ambulatory Surgical Centers represent the fastest-growing segment of the Robotic Assisted Surgery System Market because they are able to provide cost-effective, efficient, and comfortable surgical care to patients. ASCs thus enable same-day discharge, which minimizes hospital stays and reduces healthcare costs. Continuous development in robotic technologies that improve precision and safety during surgery and a growing preference for outpatient procedures have increased the adoption of robotic systems within these centers.

• Hospitals
• Ambulatory Surgery Centers
• Other End Users

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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