Robotic Surgical Devices Market By Component (Surgical System, Accessory and Service), By Area of Surgery (Gynecological, Cardiovascular, Neurosurgery, Laparoscopy and Urology, and Other Area of Surgery), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Robotic Surgical Devices Market was valued at USD 8.5 Billion in 2024 and is projected to grow at a CAGR of 9.5% to reach USD 19.4 Billion by 2034.

The surgical robotic system is the technologically advanced surgical solution, used mainly during complicated surgical procedures. A robotic surgical device is a combination of equipment, accessory, and software. It involves partial inference or complete dependence on specially devised machines to carry out surgical operations. Robotic technology is enhancing surgery through improved precision, stability and dexterity.

Drivers and Restraints:

The growth of the global robotic surgical devices market is primarily driven by the increasing need for automation in healthcare and increasing incidences of chronic diseases. Also, increasing the geriatric population and the rising complexity of surgical procedures are boosting the growth of the target market. Moreover, increasing demand for non-invasive surgeries across the globe with more precision and flexibility is also expected to propel the growth of the target market over the forecast period. However, the high cost of installation, concerns regarding safety, integration issues, and the need for technologically skilled personnel, are some of the factors which are challenging the growth of the market. Nevertheless, the innovations in the industries are expected to reduce the cost of the system in the future. Thus, the market penetration is expected to increase over the forecast period which in turn is creating lucrative growth opportunities for the target market.

Segmentation:

The robotic surgical devices market is segmented based on component, area of surgery and region.

Based on components, the global robotic surgical devices market is segmented into the surgical system, accessory, and service. Based on the area of surgery, the target market is segmented into gynecological surgery, cardiovascular, neurosurgery, laparoscopy, urology and other areas of surgery.

Based on the region the global robotic surgical devices market is segmented North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Factors such as the development of advanced surgical robotic technology, increasing adoption of surgical robots, government initiatives, and the availability of funding are driving the growth of the market in North America. Europe is also experiencing higher growths owing to the increasing adoption of robot-assisted surgical procedures in the region.

Detailed Segmentation:

Robotic Surgical Devices Market, By Component:

• Surgical System
• Accessory
• Service

Robotic Surgical Devices Market, By Area of Surgery:

• Gynecological
• Cardiovascular
• Neurosurgery
• Laparoscopy
• Urology
• Other Areas Of Surgery

Global Robotic Surgical Devices Market, By Region:

• • • North America
      • North America Robotic Surgical Devices Market, By Component
      • North America Robotic Surgical Devices Market, By Area Of Surgery
      • North America Robotic Surgical Devices Market, By Country
        • U.S.
        • Canada
    • Europe
      • Europe Robotic Surgical Devices Market, By Component
      • Europe Robotic Surgical Devices Market, By Area Of Surgery
      • Europe Robotic Surgical Devices Market, By Country
        • France
        • Germany
        • UK
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Asia Pacific Robotic Surgical Devices Market, By Component
      • Asia Pacific Robotic Surgical Devices Market, By Area Of Surgery
      • Asia Pacific Robotic Surgical Devices Market, By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Latin America Robotic Surgical Devices Market, By Component
      • Latin America Robotic Surgical Devices Market, By Area Of Surgery
      • Latin America Robotic Surgical Devices Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Middle East & Africa Robotic Surgical Devices Market, By Component
      • Middle East & Africa Robotic Surgical Devices Market, By Area Of Surgery
      • Middle East & Africa Robotic Surgical Devices Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East and Africa

Company Profile:

• Intutive Surgical Inc. 
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview 
• Stryker Corporation
• Veb Surgical Inc.
• Maxar Technologies Limited
• Accuray Incorporated
• Globus Medical
• Hansen Medical
• Johnson & Johnson
• Mazor Robotics
• Zimmer Biomet

The key players in the global robotic surgical devices market involve Intutive Surgical, Inc., Stryker Corporation, Veb Surgical, Inc., Maxar Technologies Limited, Accuray Incorporated, Globus Medical, Hansen Medical, Johnson & Johnson, Mazor Robotics, and Zimmer Biomet.

 Key Issues Addressed

• What is the total revenue potential of the global robotic surgical devices market? How that market is expected to grow during the study period?
• What are some of the major growth opportunities in the robotic surgical devices market?
• Which companies are the major players in the robotic surgical devices market?