Surgical Robots Market Size 2025-2029
The surgical robots market is experiencing explosive growth, driven by advancements in robotic precision, rising demand for minimally invasive procedures, and increasing adoption across global healthcare systems. Valued at USD 8.5 billion in 2024, the market is projected to grow by USD 18.08 billion, reaching USD 26.58 billion by 2029, with a remarkable compound annual growth rate (CAGR) of 28.5%. From advanced hospitals in the United States to specialty clinics in Japan, surgical robots are revolutionizing patient outcomes and operational efficiency. However, the high cost and affordability remain a challenge, limiting their adoption in developing countries. HD cameras integrated into surgical robotic systems enable surgeons to perform complex procedures with minimal invasiveness, benefiting patients with chronic diseases such as bone degenerative diseases, arthritis, and osteoporosis, as well as those undergoing hip replacement surgeries, knee replacement surgeries, and joint repairs. the adoption of surgical robotic systems is not limited to inpatient facilities but also extends to ambulatory surgical centers and healthcare facilities.
This in-depth analysis explores the drivers, segments, trends, challenges, and recent developments shaping the surgical robots market, spotlighting key players like Intuitive Surgical, Medtronic, and Stryker, and delivering actionable insights for stakeholders in this dynamic industry.
What will be the Size of the Surgical Robots Market during the forecast period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Surgical Robots Market 2019 - 2023
- Historic Market Size - Data Table on Global Surgical Robots Market 2019 - 2023 ($ million)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.3 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ million)
- 5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 AI Impact on Global Surgical Robots Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share (2024-2029) (%)
- Data Table on Application - Market share (2024-2029) (%)
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 General and laparoscopy surgery - Market size and forecast (2024-2029)
- Chart on General and laparoscopy surgery - Market size and forecast (2024-2029) ($ million)
- Data Table on General and laparoscopy surgery - Market size and forecast (2024-2029) ($ million)
- Chart on General and laparoscopy surgery - Year-over-year growth (2024-2029) (%)
- Data Table on General and laparoscopy surgery - Year-over-year growth (2024-2029) (%)
- 8.4 Gynecological surgery - Market size and forecast (2024-2029)
- Chart on Gynecological surgery - Market size and forecast (2024-2029) ($ million)
- Data Table on Gynecological surgery - Market size and forecast (2024-2029) ($ million)
- Chart on Gynecological surgery - Year-over-year growth (2024-2029) (%)
- Data Table on Gynecological surgery - Year-over-year growth (2024-2029) (%)
- 8.5 Orthopedic surgery - Market size and forecast (2024-2029)
- Chart on Orthopedic surgery - Market size and forecast (2024-2029) ($ million)
- Data Table on Orthopedic surgery - Market size and forecast (2024-2029) ($ million)
- Chart on Orthopedic surgery - Year-over-year growth (2024-2029) (%)
- Data Table on Orthopedic surgery - Year-over-year growth (2024-2029) (%)
- 8.6 Neurosurgery - Market size and forecast (2024-2029)
- Chart on Neurosurgery - Market size and forecast (2024-2029) ($ million)
- Data Table on Neurosurgery - Market size and forecast (2024-2029) ($ million)
- Chart on Neurosurgery - Year-over-year growth (2024-2029) (%)
- Data Table on Neurosurgery - Year-over-year growth (2024-2029) (%)
- 8.7 Urology - Market size and forecast (2024-2029)
- Chart on Urology - Market size and forecast (2024-2029) ($ million)
- Data Table on Urology - Market size and forecast (2024-2029) ($ million)
- Chart on Urology - Year-over-year growth (2024-2029) (%)
- Data Table on Urology - Year-over-year growth (2024-2029) (%)
- 8.8 Thoracic surgery - Market size and forecast (2024-2029)
- Chart on Thoracic surgery - Market size and forecast (2024-2029) ($ million)
- Data Table on Thoracic surgery - Market size and forecast (2024-2029) ($ million)
- Chart on Thoracic surgery - Year-over-year growth (2024-2029) (%)
- Data Table on Thoracic surgery - Year-over-year growth (2024-2029) (%)
- 8.9 Others - Market size and forecast (2024-2029)
- Chart on Others - Market size and forecast (2024-2029) ($ million)
- Data Table on Others - Market size and forecast (2024-2029) ($ million)
- Chart on Others - Year-over-year growth (2024-2029) (%)
- Data Table on Others - Year-over-year growth (2024-2029) (%)
9 Market Segmentation by End-user
- 9.1 Market segments
- Chart on End-user - Market share (2024-2029) (%)
- Data Table on End-user - Market share (2024-2029) (%)
- 9.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 9.3 Hospitals - Market size and forecast (2024-2029)
- Chart on Hospitals - Market size and forecast (2024-2029) ($ million)
- Data Table on Hospitals - Market size and forecast (2024-2029) ($ million)
- Chart on Hospitals - Year-over-year growth (2024-2029) (%)
- Data Table on Hospitals - Year-over-year growth (2024-2029) (%)
- 9.4 Ambulatory service centers - Market size and forecast (2024-2029)
- Chart on Ambulatory service centers - Market size and forecast (2024-2029) ($ million)
- Data Table on Ambulatory service centers - Market size and forecast (2024-2029) ($ million)
- Chart on Ambulatory service centers - Year-over-year growth (2024-2029) (%)
- Data Table on Ambulatory service centers - Year-over-year growth (2024-2029) (%)
- 9.5 Specialty Clinics - Market size and forecast (2024-2029)
- Chart on Specialty Clinics - Market size and forecast (2024-2029) ($ million)
- Data Table on Specialty Clinics - Market size and forecast (2024-2029) ($ million)
- Chart on Specialty Clinics - Year-over-year growth (2024-2029) (%)
- Data Table on Specialty Clinics - Year-over-year growth (2024-2029) (%)
- 9.6 Academic and Research Institutions - Market size and forecast (2024-2029)
- Chart on Academic and Research Institutions - Market size and forecast (2024-2029) ($ million)
- Data Table on Academic and Research Institutions - Market size and forecast (2024-2029) ($ million)
- Chart on Academic and Research Institutions - Year-over-year growth (2024-2029) (%)
- Data Table on Academic and Research Institutions - Year-over-year growth (2024-2029) (%)
- 9.7 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)
10 Market Segmentation by Component
- 10.1 Market segments
- Chart on Component - Market share (2024-2029) (%)
- Data Table on Component - Market share (2024-2029) (%)
- 10.2 Comparison by Component
- Chart on Comparison by Component
- Data Table on Comparison by Component
- 10.3 Instruments & Accessories - Market size and forecast (2024-2029)
- Chart on Instruments & Accessories - Market size and forecast (2024-2029) ($ million)
- Data Table on Instruments & Accessories - Market size and forecast (2024-2029) ($ million)
- Chart on Instruments & Accessories - Year-over-year growth (2024-2029) (%)
- Data Table on Instruments & Accessories - Year-over-year growth (2024-2029) (%)
- 10.4 Robotic Systems - Market size and forecast (2024-2029)
- Chart on Robotic Systems - Market size and forecast (2024-2029) ($ million)
- Data Table on Robotic Systems - Market size and forecast (2024-2029) ($ million)
- Chart on Robotic Systems - Year-over-year growth (2024-2029) (%)
- Data Table on Robotic Systems - Year-over-year growth (2024-2029) (%)
- 10.5 Maintenance and Support Services - Market size and forecast (2024-2029)
- Chart on Maintenance and Support Services - Market size and forecast (2024-2029) ($ million)
- Data Table on Maintenance and Support Services - Market size and forecast (2024-2029) ($ million)
- Chart on Maintenance and Support Services - Year-over-year growth (2024-2029) (%)
- Data Table on Maintenance and Support Services - Year-over-year growth (2024-2029) (%)
- 10.6 Training and Consulting Services - Market size and forecast (2024-2029)
- Chart on Training and Consulting Services - Market size and forecast (2024-2029) ($ million)
- Data Table on Training and Consulting Services - Market size and forecast (2024-2029) ($ million)
- Chart on Training and Consulting Services - Year-over-year growth (2024-2029) (%)
- Data Table on Training and Consulting Services - Year-over-year growth (2024-2029) (%)
- 10.7 Software and Connectivity Services - Market size and forecast (2024-2029)
- Chart on Software and Connectivity Services - Market size and forecast (2024-2029) ($ million)
- Data Table on Software and Connectivity Services - Market size and forecast (2024-2029) ($ million)
- Chart on Software and Connectivity Services - Year-over-year growth (2024-2029) (%)
- Data Table on Software and Connectivity Services - Year-over-year growth (2024-2029) (%)
- 10.8 Market opportunity by Component
- Market opportunity by Component ($ million)
- Data Table on Market opportunity by Component ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 12.5 Asia - Market size and forecast 2024-2029
- Chart on Asia - Market size and forecast 2024-2029 ($ million)
- Data Table on Asia - Market size and forecast 2024-2029 ($ million)
- Chart on Asia - Year-over-year growth 2024-2029 (%)
- Data Table on Asia - Year-over-year growth 2024-2029 (%)
- 12.6 Rest of World (ROW) - Market size and forecast 2024-2029
- Chart on Rest of World (ROW) - Market size and forecast 2024-2029 ($ million)
- Data Table on Rest of World (ROW) - Market size and forecast 2024-2029 ($ million)
- Chart on Rest of World (ROW) - Year-over-year growth 2024-2029 (%)
- Data Table on Rest of World (ROW) - Year-over-year growth 2024-2029 (%)
- 12.7 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.8 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.9 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.10 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.11 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.12 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.13 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.14 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 12.15 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ million)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.16 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.17 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
- 12.18 UAE - Market size and forecast (2024-2029)
- Chart on UAE - Market size and forecast (2024-2029) ($ million)
- Data Table on UAE - Market size and forecast (2024-2029) ($ million)
- Chart on UAE - Year-over-year growth (2024-2029) (%)
- Data Table on UAE - Year-over-year growth (2024-2029) (%)
13 Drivers, Challenges, and Opportunity/Restraints
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities/restraints
14 Competitive Landscape
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Accuray Inc.
- Accuray Inc. - Overview
- Accuray Inc. - Product / Service
- Accuray Inc. - Key offerings
- SWOT
- 15.5 Asensus Surgical US Inc.
- Asensus Surgical US Inc. - Overview
- Asensus Surgical US Inc. - Product / Service
- Asensus Surgical US Inc. - Key offerings
- SWOT
- 15.6 CMR Surgical Ltd.
- CMR Surgical Ltd. - Overview
- CMR Surgical Ltd. - Product / Service
- CMR Surgical Ltd. - Key offerings
- SWOT
- 15.7 Intuitive Surgical Inc.
- Intuitive Surgical Inc. - Overview
- Intuitive Surgical Inc. - Product / Service
- Intuitive Surgical Inc. - Key news
- Intuitive Surgical Inc. - Key offerings
- SWOT
- 15.8 Johnson and Johnson Services Inc.
- Johnson and Johnson Services Inc. - Overview
- Johnson and Johnson Services Inc. - Business segments
- Johnson and Johnson Services Inc. - Key news
- Johnson and Johnson Services Inc. - Key offerings
- Johnson and Johnson Services Inc. - Segment focus
- SWOT
- 15.9 Medtronic Plc
- Medtronic Plc - Overview
- Medtronic Plc - Business segments
- Medtronic Plc - Key news
- Medtronic Plc - Key offerings
- Medtronic Plc - Segment focus
- SWOT
- 15.10 Neocis Inc.
- Neocis Inc. - Overview
- Neocis Inc. - Product / Service
- Neocis Inc. - Key offerings
- SWOT
- 15.11 Novus International Inc.
- Novus International Inc. - Overview
- Novus International Inc. - Product / Service
- Novus International Inc. - Key offerings
- SWOT
- 15.12 Renishaw Plc
- Renishaw Plc - Overview
- Renishaw Plc - Business segments
- Renishaw Plc - Key offerings
- Renishaw Plc - Segment focus
- SWOT
- 15.13 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
- SWOT
- 15.14 Smith and Nephew plc
- Smith and Nephew plc - Overview
- Smith and Nephew plc - Business segments
- Smith and Nephew plc - Key news
- Smith and Nephew plc - Key offerings
- Smith and Nephew plc - Segment focus
- SWOT
- 15.15 Stryker Corp.
- Stryker Corp. - Overview
- Stryker Corp. - Business segments
- Stryker Corp. - Key news
- Stryker Corp. - Key offerings
- Stryker Corp. - Segment focus
- SWOT
- 15.16 Titan Medical Inc
- Titan Medical Inc - Overview
- Titan Medical Inc - Product / Service
- Titan Medical Inc - Key news
- Titan Medical Inc - Key offerings
- SWOT
- 15.17 United Orthopedic Corp.
- United Orthopedic Corp. - Overview
- United Orthopedic Corp. - Product / Service
- United Orthopedic Corp. - Key offerings
- SWOT
- 15.18 Zimmer Biomet Holdings Inc.
- Zimmer Biomet Holdings Inc. - Overview
- Zimmer Biomet Holdings Inc. - Business segments
- Zimmer Biomet Holdings Inc. - Key news
- Zimmer Biomet Holdings Inc. - Key offerings
- Zimmer Biomet Holdings Inc. - Segment focus
- SWOT
16 Appendix
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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