According to the market analysis 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 was worth USD 8052.67 million in 2020 and is slated to exhibit a healthy growth rate through 2026.

Growing inclination towards automation in healthcare, rising geriatric population, technological advancements, and mounting burden of chronic diseases are the major factors aiding global surgical robots market growth.

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Moreover, increasing penetration of robot assisted minimally invasive surgeries on account of benefits like minimized pain & discomfort, greater precision, and reduced risk of infections has propelled the market forward. Besides, surgical robots overcome human limitations and eliminate risks associated with conventional surgical tools and techniques, thus greatly reducing burden on surgeons and deliver better patient outcomes.

Notably, the outbreak of the Covid-19 pandemic and the ensuing lockdown mandates that led to the postponement of all essential dental, medical, and elective surgical procedures negatively impacted the growth trajectory of the marketplace.

Moving on, global surgical robots industry is bifurcated in terms of component (disposables, systems, services), surgical specialty (general surgery, orthopedic, urology, gynecology, others) and region (North America, Europe, Asia Pacific, LAMEA). A detailed analysis of each sub-market with respect to historical and future estimates concerning the production volume, value, and growth rate is encompassed in the document.

Considering the competitive landscape, Medrobotics Corporation, Smith & Nephew plc, Medtronic plc, Zimmer Biomet Holdings N.V., Think Surgical Inc., Renishaw Metrology Systems Ltd., Accuray Inc., Intuitive Surgical Inc., Asensus Surgical Inc., and Stryker Corporation are the major players impacting market trends.

These companies are focusing on improving their production capacity, new product launches & innovations, mergers, acquisitions, and partnerships to elevate their position in the global surgical robots marketplace. For instance, in January 2021, Stryker Corporation acquired OrthoSensor to leverage the latter’s intraoperative sensor technology called Verasense, with the aim to enhance its own Mako robots.

Citing another major development, Medtronic plc acquired Digital Surgery, a privately owned surgical AI company in February 2020. This acquisition aided Medtronic to improve its robot assisted platform for surgeries and expand its product portfolio with the addition of a novel robotic system called Hugo.