AI-based Surgical Robots Market Size, Share, Growth Report 2030

AI-based Surgical Robots Market

AI-based Surgical Robots Market - By Product (Services and Instruments & Accessories), By Application (Orthopedics, Gynecology, Urology, and Neurology), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Healthcare Report Format : PDF Pages: 140 Report Code: ZMR-6442 Published Date: Jul-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 Growth Rate (in %) Base Year
USD 4.5 billion USD 9.8 billion CAGR at 18.3% 2019

AI-based Surgical Robots Market

AI-based Surgical Robots Market Size

The global AI-based Surgical Robots market accrued earnings worth approximately 4.5 (USD Billion) in 2019 and is predicted to gain revenue of about 9.8 (USD Billion) by 2026, is set to record a CAGR of nearly 18.3% over the period from 2020 to 2026. The report offers assessment and analysis of the AI-based Surgical Robots market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

AI-based Surgical Robots Market: Overview

Medical robots are known for major roles they play in surgeries, specifically for precisely handling surgical devices through over small incisions for varied kinds of surgical procedures. Citing an instance, Da Vinci robot, approved for use by U.S. FDA in 2000 have been utilized for performing more than six million surgeries globally till date. Furthermore, surging use of AI systems in surgeries due to its massive applications in healthcare sector will create new growth avenues for AI-based surgical robots industry. In addition to this, lucrative benefits offered by AI-based surgical robots has enhanced its popularity in medical sector in recent years.

Furthermore, first surgical robots referred as Arthrobot utilized voice commands for assisting patients during orthopaedic surgeries. Integration of robot with medical activities acts as a shielding layer between healthcare employee and patient by offering facility of physical separation. Additionally, it prevents pathogen contamination along with maintaining surgical volumes. All these aspects will make use of AI-based robots in surgeries more prevalent over the coming years.

AI-based Surgical Robots Market: Growth Factors

The utilization of AI and robots during preoperative, postoperative, and intraoperative conditions can help in reducing infection in patients while supporting patient management in surgical environments at time of huge patient influx. This, in turn, will drive AI-based surgical robots market trends. In addition to this, outbreak of COVID pandemic has forced healthcare professionals to go for contactless surgeries, thereby enlarging the scope & use of AI-based surgical robots in healthcare sector. Apart from this, AI-based robotic tools require less staff in operation theatre as compared to conventional kind of surgery. In addition to this, factors such as risk of infection in patients & doctors and limited availability of ICU beds & equipment due to COVID pandemic has generated massive need for AI-based surgical robots as they can perform surgeries in less time along with reducing infections in patients.    

Moreover, need for performing minimally invasive surgeries more proficiently has assisted AI-based surgical robots market to witness geometric growth. Growing use of AI in domain of robotic surgeries has opened new growth dimensions for AI-based surgical robots market in the recent years.

AI-based Surgical Robots Market: Report Scope

Report Attributes Report Details
Report Name AI-based Surgical Robots Market Research Report
Market Size in 2019 USD 4.5 billion
Market Forecast in 2026 USD 9.8 billion
Growth Rate CAGR of 18.3%
Number of Pages 140
Key Companies Covered Activ Surgical, Inc., Accuray Inc., CMR Surgical, Inc., Zimmer Biomet, Medtronic, plc, Intuitive Surgical, Inc., Medrobotics Corporation, Stryker Corporation, Titan Medical, Inc., and Smith and Nephew.
Segments Covered By Application, By Product and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2019
Historical Year 2017 to 2019
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Regional Landscape

 North America To Make Notable Contributions Towards Overall Market Size By 2026

The growth of AI-based surgical robots industry in North America over forecast period is subject to large-scale presence of reputed market players in countries such as Canada and the U.S. In addition to this, start-ups have started entering the regional market and hence it will create tough competition, thereby bringing product innovations. This, in turn, will promulgate growth of AI-based surgical robots industry in North America. Apparently, rise in minimally invasive surgical procedures will propel  AI-based surgical robots market size in the sub-continent over the upcoming years.

Competitive Landscape

Key players profiled in report include:

  • Activ Surgical, Inc.
  • Accuray Inc.
  • CMR Surgical, Inc.
  • Zimmer Biomet
  • Medtronic, plc
  • Intuitive Surgical, Inc.
  • Medrobotics Corporation
  • Stryker Corporation
  • Titan Medical, Inc.
  • Smith and Nephew

The global AI-based Surgical Robots  Market is segmented as follows:

By Application

  • Orthopedics
  • Gynecology
  • Urology
  • Neurology

By Product

  • Services
  • Instruments & Accessories

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The utilization of AI and robots during preoperative, postoperative, and intraoperative conditions can help in reducing infection in patients while supporting patient management in surgical environments at time of huge patient influx. This, in turn, will steer AI-based surgical robots market trends. In addition to this, outbreak of COVID pandemic has compelled healthcare professionals to go for contactless surgeries, thereby enlarging the scope & use of AI-based surgical robots in healthcare sector. Apart from this, AI-based robotic tools require less staff in operation theatre as compared to conventional kind of surgery. In addition to this, factors such as risk of infection in patients & doctors and limited availability of ICU beds & equipment due to COVID pandemic has generated massive need for AI-based surgical robots as they can perform surgeries in less time along with reducing infections in patients. Moreover, need for performing minimally invasive surgeries more proficiently has assisted AI-based surgical robots market to witness geometric growth.  

According to Zion market research report, the global AI-based Surgical Robots market accrued earnings worth approximately 4.5 (USD Billion) in 2019 and is predicted to gain revenue of about 9.8 (USD Billion) by 2026, is set to record a CAGR of nearly 18.3% over the period from 2020 to 2026.

North America will contribute humungously towards the global market revenue over the estimated timeline. The regional market surge is due to large-scale presence of reputed market players in countries such as Canada and the U.S. In addition to this, start-ups have started entering the regional market and hence it will create tough competition, thereby bringing product innovations. This, in turn, will promulgate growth of AI-based surgical robots industry in North America. Apparently, rise in minimally invasive surgical procedures will propel AI-based surgical robots market size in the sub-continent over the upcoming years.

The key market participants include Activ Surgical, Inc., Accuray Inc., CMR Surgical, Inc., Zimmer Biomet, Medtronic, plc, Intuitive Surgical, Inc., Medrobotics Corporation, Stryker Corporation, Titan Medical, Inc., and Smith and Nephew.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed