According to the research report titled ‘Global Surgical Robots Market (2022 Edition) - Analysis By Component (Systems, Disposables, Services), Surgical Specialty, By Region, By Country: Market Insights and Forecast with Impact of Covid-19 (2021-2026)’, available with MarketStudyReport, global surgical robots market had reached USD 8052.67 million value sin 2020 and is likely to account for a profitable CAGR during the study period.

Growing focus on incorporating automation in healthcare, ever-increasing elderly population, and rising prevalence of chronic diseases are the major growth stimulants for global surgical robots industry. Furthermore, features like shorter hospital stays, better screening, less pain & discomfort, greater precision, and lower infection risk are augmenting the market size.

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For the unversed, surgical robots assist surgeons in overcoming human limitations and removing obstacles in traditional surgical instruments and techniques, lowering surgeon workload and improving clinical outcomes for patients.

Moreover, technological improvements and expanding medical applications of surgical robots, such as heart surgery, robot-assisted neurosurgery, and other operations, are anticipated to drive market expansion during 2021-2026.

Growing demand for robotic assisted MIS (minimally invasive surgeries), owing to the benefits like smaller incisions, reduced scarring, fewer cuts, increased safety, reduced discomfort, faster recovery time, and significant cost savings is further propelling the worldwide surgical robots industry. By providing repeatability, improved accuracy, control, and efficiency, robotic MIS (minimally invasive surgery) becomes a preference among patients as well as medical practitioners.

Following the declaration of COVID-19 as a pandemic by World Health Organization in March 2020, various federal and state governments had imposed various restrictions to try to contain the virus. Suspension of all non-essential dental, surgical, and
medical procedures, as well as all elective surgeries during the COVID-19 outbreak stifled the industry expansion to some extent.

Based on component, the market is divided into disposables, services, and systems. In terms of surgical specialty, the industry is branched into orthopedic, urology, gynecology, general surgery, and others.

Regionally, the industry spans across LAMEA, North America (Canada, U.S.), Europe (Germany, France, UK, Italy), and Asia Pacific (India, China, Japan, Australia).

The key players in global surgical robots market space are Renishaw plc, Medrobotics Corporation, Asensus Surgical, Stryker Corporation, Accuray Incorporated, Zimmer Biomet, Smith & Nephew plc, THINK Surgical, Inc., Medtronic plc, and Intuitive Surgical, Inc. These contenders are expanding production capacity to meet increased consumer demand, as well as undertaking research & development projects to strengthen their positing in the industry.