AI-based Surgical Robots Market Size, Share & Trends Analysis Report By Type (Services, Instruments & Accessories), By Application (Orthopedics, Neurology, Urology, Gynecology), By Region- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2024-2033

The global AI-based surgical robots market size was exhibited at USD 6.70 billion in 2023 and is projected to hit around USD 38.15 billion by 2033, growing at a CAGR of 19.0% during the forecast period 2024 to 2033.

Key Takeaways:

  • North America accounted for the highest revenue share of over 43.0% in 2023.
  • The instruments and accessories segment dominated with the highest revenue share of around 56.0% in 2023.
  • The others segment dominated with the highest revenue share of 35.5% in 2023.

AI-based Surgical Robots Market Report Scope

 Report Coverage  Details
Market Size in 2024 USD 6.70 Billion
Market Size by 2033 USD 38.15 Billion
Growth Rate From 2024 to 2033 CAGR of 19.0%
Base Year 2023
Forecast Period 2024-2033
Segments Covered Type, Application, Region
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)
Regional Scope North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa
Key Companies Profiled Accuray Incorporated; Intuitive Surgical, Inc.; Medtronic, plc; Medrobotics Corporation; Zimmer Biomet; Stereotaxis, Inc.; Transenterix, Inc (Asensus Inc); Stryker Corporation; Activ Surgical, Inc.; Titan Medical, Inc.; CMR Surgical, Inc.; Smith and Nephew.

 

The growth can be attributed to the increasing prevalence of chronic disorders globally and technological advancements in automated robotic surgeries. The increased efficiency and success rate of robotic surgery are also expected to boost its adoption in the coming years. The rising trend of using minimally invasive medical devices is also anticipated to fuel the market. The growing integration of Artificial Intelligence (AI) in automated robotic surgeries for clinical decision-making is also propelling the market growth.

In addition, AI and robotics have proven to be priceless assets and are being preferred by surgeons across the world. As compared to standard procedures, AI-based robotic surgeries are minimally invasive and result in quick recovery & less blood loss. These robots are revolutionizing the ways of modern-day medical procedures with machine learning and simplifying the medium of interaction between surgeons & robots.

AI-assisted surgical robots help surgeons in decision-making, speech recognition, and problem-solving, which is anticipated to accelerate their adoption in the coming years. The growing concern about the shortage of medical professionals globally is also expected to boost the adoption of AI-based surgical robots, thereby propelling the market growth.

Furthermore, an increase in the trend to practice medical procedures using technology-based approaches rather than conventional practices is also anticipated to drive market growth during the forecast period. The upsurge in the adoption of AI-based robotic instruments for various applications such as detecting cancer types, helping analyze scans & surgeries, and facilitating instrument positioning also accelerates its adoption in healthcare institutions.

For instance, 2018 data published in Annals of Surgery stated that AI can be beneficial in decreasing lumpectomy rate by around 30% in breast needle biopsy patients by assisting surgeons and radiologists during the procedure. Recently, continuous innovation is ongoing to use AI-incorporated robots in several medical procedures. For instance, as of 2018, Stryker Corporations’ MAKO surgical robotic arm was used in over 76,000 hip and knee replacements.

Moreover, an increase in the number of strategic activities by manufacturers, such as acquisitions, mergers, partnerships, and technological advancements, is also anticipated to boost AI-based surgical robots market growth in the coming years. For instance, in 2023, Medtronic launched Mazor X Stealth robotic platform in the U.S. to assist in spine surgical platforms.

In addition, Stryker Corporation acquired Mobius Imaging and its subsidiary Cardan Robotics, in 2023 to acquire expertise in advanced robotics & medical imaging. Similarly, in May 2020, Active Surgical launched ActivEdge, an AI and machine learning platform, for robotic surgeries. Thus, such strategic initiatives being undertaken by top manufacturers are expected to propel market growth during the forecast period.

The COVID-19 pandemic had a negative impact on the market in 2020. Healthcare facilities prioritized treatment and management of COVID-19 patients and postponed elective robotic surgeries. For instance, as per the data published by Becker’s Hospital in 2021, about 106 hospitals postponed or suspended elective surgical procedures in the U.S. due to the pandemic.

Furthermore, a significant decrease in revenue of top players during COVID-19 also affected the market growth. For instance, according to the annual report by Intuitive Surgical, Inc., the net revenue of the company decreased by about 2.7% in 2020 as compared to 2023. The decrease in revenue of leading market players is mainly associated with the supply chain disruption and reduction in sales of surgical robots.

However, the growing prevalence of chronic diseases and increasing preference for robot assist procedures are further anticipated to drive the market during the post-pandemic period. In addition, technological advancements and increased adoption of AI-equipped surgical robots are further creating traction for market growth.

For instance, according to the data published in Mint 2023, several hospitals are now shifting toward robot-assisted surgeries for clearing the pending backlog of elective surgeries. Furthermore, the Robotic Surgery and Urology consultant of Apollo Hospitals, India stated that there is an increase in preference for robotic surgery in the post-pandemic period due to its advantages, such as the limited need for manpower and reduced chances of disease transmission.

Segments Insights:

Type Insights

The instruments and accessories segment dominated with the highest revenue share of around 56.0% in 2023. This is attributed to the increase in AI-based surgical robotic equipment developmental activities by leading players. In addition, the increasing number of robotic surgeries and rising acceptance of AI-based robots by surgeons & patients globally are further driving the segment. In addition, upgrades in accessories and robotic instruments equipped with AI as per the healthcare providers’ needs further support segment growth.

The instruments and accessories are anticipated to register the fastest growth rate of 24.3% during the forecast period. Growing surgical automated instrument development activities by manufacturers is one of the major factors supporting revenue growth in this segment. In addition, increasing popularity and growing preference to use minimally invasive automated robotic products are further propelling segment growth.

Application Insights

The others segment dominated with the highest revenue share of 35.5% in 2023. This high share of the segment is attributed to the growing number of oncology, laparoscopy, ophthalmology, and general surgeries using robotic instruments. In addition, the increasing prevalence of chronic disorders such as cancer, heart disease, and complications due to diabetes is also anticipated to drive the segment in terms of revenue. Moreover, the rise in the adoption of minimally invasive AI-equipped robotic devices for laparoscopic surgeries by surgeons also supports segment growth.

The neurology are anticipated to register the fastest growth rate of 22.9% during the forecast period. The high efficiency and increasing success rate of AI-based surgical robots used in neurological procedures as compared to conventional methods are anticipated to accelerate segment growth during the coming years. In addition, growing initiatives by healthcare institutions for the adoption and usage of technologically advanced AI-equipped robotic devices for neurological procedures are expected to propel segment growth.

For instance, in November 2020, Medtronic selected the Medical Center of University Hospitals (UH) Cleveland as its second site for cranial robotic surgery tools used for neurosurgery. Therefore, such activities of using robotic surgery platforms for minimally invasive neurosurgery are anticipated to drive segment growth in the coming years.

Regional Insights

North America accounted for the highest revenue share of over 43.0% in 2023. This revenue share is attributed to the growing adoption of modern medical technology as well as established medical infrastructure. The increasing presence of major players in the U.S and ongoing AI-based robotic devices are also supporting the growth. Furthermore, the growing adoption of minimally invasive surgical procedures and AI-equipped robot-assisted surgeries is anticipated to accelerate market growth in North America.

However, Asia Pacific is anticipated to register the fastest growth rate of 24.0% during the forecast period. This growth can be attributed to the increasing number of patients with chronic diseases and growing awareness to adopt minimally invasive automated robotic medical devices. In addition, the rise in the geographic expansion of leading manufacturers in the Asia Pacific region is further expected to boost the growth.

Some of the prominent players in the AI-based surgical robots market include:

  • Accuray Incorporated
  • Intuitive Surgical, Inc.
  • Medtronic, plc
  • Medrobotics Corporation
  • Zimmer Biomet
  • Stereotaxis, Inc.
  • Transenterix, Inc. (Asensus Inc)
  • Stryker Corporation
  • Activ Surgical, Inc.
  • Titan Medical, Inc.
  • CMR Surgical, Inc.
  • Smith and Nephew

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the global AI-based surgical robots market.

Type

  • Services
  • Instruments & Accessories

Application

  • Orthopedics
  • Neurology
  • Urology
  • Gynecology
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Chapter 1 Research Methodology & Scope

1.1 Market Segmentation and Scope

1.2 Market Definition

1.3 Research Methodology

1.3.1 Information Procurement

1.3.1.1 Purchased Database

1.3.1.2 Internal Database

1.3.2 Primary Research

1.4 Research Scope and Assumptions

1.5 List of Data Sources

Chapter 2 Executive Summary

2.1 Market Outlook

2.2 Segment Outlook

Chapter 3 Global AI-based Surgical Robots Market Variables, Trends, & Scope

3.1 Penetration and Growth Prospect Mapping

3.2 Market Dynamics

3.2.1 Market Driver Analysis

3.2.2 Market Restraint Analysis

3.2.3 Industry Challenges

3.3 Global AI-based Surgical Robots Market Analysis Tools

3.3.1 Industry Analysis - Porter’s

3.3.1.1 Bargaining Power of the Suppliers

3.3.1.2 Bargaining Power of the Buyers

3.3.1.3 Threats of Substitution

3.3.1.4 Threats From New Entrants

3.3.1.5 Competitive Rivalry

3.3.2 PESTEL Analysis

3.3.2.1 Political Landscape

3.3.2.2 Economic and Social landscape

3.3.2.3 Technology Landscape

3.3.2.4 Legal Landscape

3.3.2.5 Technology Landscape

3.3.3 Major Deals & Strategic Alliances Analysis

3.4 COVID-19 Impact on the Market

Chapter 4 AI-based Surgical Robots Market: Type Estimates & Trend Analysis

4.1 Definitions & Scope

4.2 Global AI-based Surgical Robots Market: Type Market Share Analysis, 2022 and 2030

4.3 Services

4.3.1 Services Analysis Market Estimates and Forecasts, 2021 - 2033

4.3.2 Instruments and Accessories

4.3.2.1 Instruments and Accessories Analysis Market Estimates and Forecasts, 2021 - 2033

Chapter 5 AI-based Surgical Robots Market: Application Estimates & Trend Analysis

5.1 Definitions & Scope

5.2 Global AI-based Surgical Robots Market: Application Market Share Analysis, 2022 and 2030

5.3 Orthopedics

5.3.1 Orthopedics Analysis Market Estimates and Forecasts, 2021 - 2033

5.4 Neurology

5.4.1 Neurology Analysis Market Estimates and Forecasts, 2021 - 2033

5.5 Urology

5.5.1 Urology Analysis Market Estimates and Forecasts, 2021 - 2033

5.6 Gynecology

5.6.1 Gynecology Analysis Market Estimates and Forecasts, 2021 - 2033

5.7 Others

5.7.1 Others Analysis Market Estimates and Forecasts, 2021 - 2033

Chapter 6 AI-based Surgical Robots Market: Regional Estimates & Trend Analysis, By Type and Application

6.1 Global AI-based Surgical Robots Market: Regional Movement Analysis

6.2 North America

6.2.1 North America AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.2.2 U.S.

6.2.2.1 U.S. AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.2.3 Canada

6.2.3.1 Canada AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.3 Europe

6.3.1 Europe AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.3.2 U.K.

6.3.2.1 U.K. AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.3.3 Germany

6.3.3.1 Germany AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.3.4 France

6.3.4.1 France AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.3.5 Italy

6.3.5.1 Italy AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.3.6 Spain

6.3.6.1 Spain AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.3.7 Denmark

6.3.7.1 Denmark AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.3.8 Sweden

6.3.8.1 Sweden AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.3.9 Norway

6.3.9.1 Norway AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.4 Asia Pacific

6.4.1 Asia Pacific AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.4.2 Japan

6.4.2.1 Japan AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.4.3 China

6.4.3.1 China AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.4.4 India

6.4.4.1 India AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.4.5 Australia

6.4.5.1 Australia AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.4.6 South Korea

6.4.6.1 South Korea AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.4.7 Thailand

6.4.7.1 Thailand AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.5 Latin America

6.5.1 Latin America AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.5.2 Brazil

6.5.2.1 Brazil AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.5.3 Mexico

6.5.3.1 Mexico AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.5.4 Argentina

6.5.4.1 Argentina AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.6 Middle East & Africa

6.6.1 Middle East & Africa AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.6.2 South Africa

6.6.2.1 South Africa AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.6.3 Saudi Arabia

6.6.3.1 Saudi Arabia AI-based surgical robots market estimates and Forecasts By Type and Application 2021 - 2033

6.6.4 UAE

6.6.4.1 UAE AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

6.6.5 Kuwait

6.6.5.1 Kuwait AI-based Surgical Robots Market Estimates and Forecasts By Type and Application 2021 - 2033

Chapter 7 AI-based surgical robots Market: Competitive Analysis

7.1 Recent Developments & Impact Analysis, By Key Market Participants

7.2 Company/Competition Categorization (Key innovators, Market Leaders, Emerging Players)

7.3 Company Market Position Analysis

7.4 Company Market Share Analysis

7.5 List of Key Emerging Companies

Chapter 8 Company Profiles

8.1 Accuray Incorporated

8.1.1 Company Overview

8.1.2 Financial Performance

8.1.3 Product Benchmarking

8.1.4 Strategic Initiatives

8.2 Intuitive Surgical, Inc.

8.2.1 Company Overview

8.2.2 Financial Performance

8.2.3 Product Benchmarking

8.2.4 Strategic Initiatives

8.3 Medtronic, plc

8.3.1 Company Overview

8.3.2 Financial Performance

8.3.3 Product Benchmarking

8.3.4 Strategic Initiatives

8.4 Medrobotics Corporation

8.4.1 Company Overview

8.4.2 Financial Performance

8.4.3 Product Benchmarking

8.4.4 Strategic Initiatives

8.5 Zimmer Biomet

8.5.1 Company Overview

8.5.2 Financial Performance

8.5.3 Product Benchmarking

8.5.4 Strategic Initiatives

8.6 Stereotaxis, Inc.

8.6.1 Company Overview

8.6.2 Financial Performance

8.6.3 Product Benchmarking

8.6.4 Strategic Initiatives

8.7 Transenterix, Inc (Asensus Inc)

8.7.1 Company Overview

8.7.2 Financial Performance

8.7.3 Product Benchmarking

8.7.4 Strategic Initiatives

8.8 Stryker Corporation

8.8.1 Company Overview

8.8.2 Financial Performance

8.8.3 Product Benchmarking

8.8.4 Strategic Initiatives

8.9 Activ Surgical, Inc.

8.9.1 Company Overview

8.9.2 Financial Performance

8.9.3 Product Benchmarking

8.9.4 Strategic Initiatives

8.10 Titan Medical, Inc.

8.10.1 Company Overview

8.10.2 Financial Performance

8.10.3 Product Benchmarking

8.10.4 Strategic Initiatives

8.11 CMR Surgical, Inc.

8.11.1 Company Overview

8.11.2 Financial Performance

8.11.3 Product Benchmarking

8.11.4 Strategic Initiatives

8.12 Smith and Nephew

8.12.1 Company Overview

8.12.2 Financial Performance

8.12.3 Product Benchmarking

 

8.12.4 Strategic Initiatives

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