Global AI-based Surgical Robots Market is anticipated to reach US$ 19.17 Bn. by 2029 from US$ 6.01 Bn. in 2022 at a CAGR of 18% during a forecast period.AI-based Surgical Robots Market Overview
Surgical robots powered by artificial intelligence are well-known in the medical field and are frequently used. Doctors may use these robots to conduct difficult surgical procedures with greater precision and flexibility than using traditional methods. They're mostly utilized for accurately manipulating surgical instruments throughout a variety of operations. A camera arm, a mechanical arm, and surgical tools are the main components. The integration of these robots functions as a physical barrier between healthcare employees and patients since the surgeon controls all of the robot's actions while sitting at the computer.To know about the Research Methodology :- Request Free Sample Report
Market Dynamics:
Increased efficiency provided by robotic operations, as well as a shift in patients' preferences for minimally invasive surgeries over traditional methods are driving the market's growth. Artificial intelligence's increasing usage in robotic surgery to better surgical procedures is expected to drive demand for these AI-powered surgical robots. Similarly, the market for AI-based surgical robots is expected to grow due to the increasing usage of technologically advanced robots for different operations. A highly advanced Da Vinci surgical robot, for example, is utilized for many sorts of operations. In addition, MAKO was utilized in over 76,000 knee and hip replacements as of 2022. Thus, due to increased use of robots for various applications is expected to drive the growth of the market during the forecast period. In addition, the considerable increase in abdominal surgical operations done globally, as well as the growing prevalence of breast cancer, are the primary reasons driving its market growth. Surgeons are now employing robotic-assisted surgery to conduct minimally invasive laparoscopic operations, in which just a few incision cuts are made and surgical instruments and a magnified camera for viewing are inserted using robotic arms simulated with the surgeon's hand movement. Patients with breast cancer are also choosing for robot-assisted surgery to remove malignant cells accurately while inflicting minimum harm to adjacent soft tissues. As a result of the significant growth in abdominal operations and the growing frequency of breast cancer, the demand for general surgery. This, in turn, is expected to drive the demand for AI-based Surgical Robots.AI-based Surgical Robots Market Segment Analysis:
By Application, in 2021, the other segment dominated the market, accounting for 37 percent of total sales. Other applications include general surgery, laparoscopy, ophthalmology, and cancer treatments. The increasing number of robotic interventional and assisted surgical procedures, as well as the increasing prevalence of illnesses such as breast cancer, are some of the major factors driving the growth of the segment. Furthermore, the rising use of robots by surgeons for less invasive laparoscopic procedures implies a higher proportion.Regional Insights:
In 2022, the North American market for AI-based surgical robots held a 47%revenue share. The region accounted for the greatest share of revenue due to the presence of important firms, greater opportunities for start-ups to enter the market, and advancement in the field of artificial intelligence and robotics for healthcare. Furthermore, the growing demand for less invasive therapies and robot-assisted surgeries is driving the market ahead. Europe is in second place, with a 30% market share, owing to strategic collaboration between academic research institutes and hospitals working diligently to create machine learning algorithms. The Asia Pacific is expected to emerge as the fastest-growing region during the forecast period. The introduction of technologically advanced equipment in surgical procedures and interventional therapies, as well as the rising number of patients opting for robotic surgery, are expected to drive regional segment market growth. As a result, major companies in Asia-Pacific are likely to increase their investments in the market.AI-based Surgical Robots Market Scope: Inquire before buying
AI-based Surgical Robots Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 18% US$ 6.01 Bn US$ 19.17 Bn Segments Covered by Product Services Instruments and Accessories by Application Orthopedics Neurology Urology Gynecology Others Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America AI-based Surgical Robots Market Key Players are:
1. Accuray Incorporated 2. Intuitive Surgical, Inc. 3. Medtronic, plc 4. Medrobotics Corporation 5. Zimmer Biomet 6. Stereotaxis, Inc. 7. TransEnterix, Inc. (Asensus Inc.) 8. Stryker Corporation 9. Activ Surgical, Inc. 10.Titan Medical, Inc. 11.CMR Surgical, Inc. 12.Smith and Nephew 13.tryker Corporation 14.TransEnterix, Inc 15.Stereotaxis, IncFrequently Asked Questions
1. What is the projected market size & growth rate of Global AI-based Surgical Robots Market? Ans- AI-based Surgical Robots Market was valued at USD 6.01 billion in 2022 and is projected to reach USD 19.17 billion by 2029, growing at a CAGR of 18% during the forecast period. 2. What are the key driving factors for the growth of Global AI-based Surgical Robots Market? Ans- Increased efficiency provided by robotic operations, as well as a shift in patients' preferences for minimally invasive surgeries over traditional methods, are driving the market's growth. 4. What makes Europe a Lucrative Market for Global AI-based Surgical Robots Market? Ans- Europe is in second place, with a 30% market share, owing to strategic collaboration between academic research institutes and hospitals working diligently to create machine learning algorithms. 5. What are the top players operating in Global AI-based Surgical Robots Market? Ans- Accuray Incorporated, Intuitive Surgical, Inc., Medtronic, plc, Medrobotics Corporation, Zimmer Biomet, and Stereotaxis, Inc.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global AI-based Surgical Robots Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the AI-based Surgical Robots Market 3.4. Geographical Snapshot of the AI-based Surgical Robots Market, By Manufacturer share 4. Global AI-based Surgical Robots Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the COVID-19 Pandemic on the Global AI-based Surgical Robots Market 5. Supply Side and Demand Side Indicators 6. Global AI-based Surgical Robots Market Analysis and Forecast, 2022-2029 6.1. Global AI-based Surgical Robots Market Size & Y-o-Y Growth Analysis. 7. Global AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.1.1. Services 7.1.2. Instruments and Accessories 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Orthopedics 7.2.2. Neurology 7.2.3. Urology 7.2.4. Gynecology 7.2.5. Others 8. Global AI-based Surgical Robots Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 9.1.1. Services 9.1.2. Instruments and Accessories 9.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 9.2.1. Orthopedics 9.2.2. Neurology 9.2.3. Urology 9.2.4. Gynecology 9.2.5. Others 10. North America AI-based Surgical Robots Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 12. Canada AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 13. Mexico AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 14. Europe AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 15. Europe AI-based Surgical Robots Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 17. France AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 18. Germany AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 19. Italy AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 20. Spain AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 21. Sweden AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 22. CIS Countries AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 23. Rest of Europe AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 24. Asia Pacific AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 25. Asia Pacific AI-based Surgical Robots Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 27. India AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 28. Japan AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 29. South Korea AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 30. Australia AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 31. ASEAN AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 32. Rest of Asia Pacific AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 33. Middle East Africa AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 34. Middle East Africa AI-based Surgical Robots Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 36. GCC Countries AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 37. Egypt AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 38. Nigeria AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 39. Rest of ME&A AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 40. South America AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 41. South America AI-based Surgical Robots Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 43. Argentina AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 44. Rest of South America AI-based Surgical Robots Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product,2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application,2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global AI-based Surgical Robots Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile: Key Players 45.3.1. Accuray Incorporated 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Accuray Incorporated 45.5. Intuitive Surgical, Inc. 45.6. Medtronic, plc 45.7. Medrobotics Corporation 45.8. Zimmer Biomet 45.9. Stereotaxis, Inc. 45.10. TransEnterix, Inc. (Asensus Inc.) 45.11. Stryker Corporation 45.12. Activ Surgical, Inc. 45.13. Titan Medical, Inc. 45.14. CMR Surgical, Inc. 45.15. Smith and Nephew 45.16. tryker Corporation 45.17. TransEnterix, Inc 45.18. Stereotaxis, Inc 46. Primary Key Insights