Surgical robots market to grow 12 percent

The market for surgical robots is expected to grow from USD 6.7 billion in 2020 to USD 11.8 billion by 2025, at a CAGR of 12.1 percent, estimates Allied Market Research. Growth in the surgical robots market can be attributed to factors such as technological advancements, advantages of robotic-assisted surgery, increasing adoption of surgical robots by hospitals and ambulatory surgery centers, and increased funding for medical robot research. The instruments and accessories segment commanded the largest share of the market in 2019. The large share and high growth rate of this segment are mainly driven by the recurrent purchase of instruments and accessories as opposed to robotic systems, which are a one-time investment. The general surgery segment is expected to grow at the highest rate. Growth in this market segment can be attributed to the increased use of surgical robots in general procedures such as bariatric surgery, Heller myotomy, gastrectomy, hernia repair, cholecystectomy, transoral surgery, and pancreatectomy.

North America accounted for the largest share of the global market in 2019. The large percentage of the North Amterican market can be attributed to the availability of funding for R&D in surgical robots in this region and the increasing adoption of surgical robots for pediatric surgeries in Canada and general surgery procedures in the US.