Autonomous Surgical Robotics Market Expected to Reach $11.07 Billion by 2033 - BIS Research

The autonomous surgical robotics market is exerting a significant influence on the healthcare industry and its associated sectors. These robotic systems have markedly improved surgical precision, diminishing the risk of human error. Consequently, this improvement has resulted in enhanced surgical outcomes, decreased complications in the operating room, and shorter recovery times for patients.  

The global autonomous surgical robotics market was valued at $1.81 billion in 2022 and is anticipated to reach $11.07 billion by 2033, witnessing a CAGR of 17.45% during the forecast period 2023-2033.  

This growth is driven by the improved surgical capabilities of autonomous robotic-assisted surgeries, a rise in minimally invasive procedures, technological advancements in autonomous surgical robotics, and favorable regulatory approvals, fostering market competitiveness.

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Market Analysis: Trends, Data, and Growth Projections 

BIS Research, a leading market research firm, has released a report titled the autonomous surgical robotics market which discusses the challenges, growth factors, and future opportunities driving the remarkable market growth.   

The autonomous surgical robotics market report focuses on several segments such as vehicle type, application, end user, region, etc.  

Based on application, orthopedic surgery dominated the global autonomous surgical robotics market in FY2022. Moreover, Asia-Pacific is expected to register the highest CAGR of 18.87% during the forecast period 2023-2033. 

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Key Players and Market Shares: 

The worldwide market for autonomous surgical robotics is poised for significant growth, propelled by the rising embrace of minimally invasive surgeries, advancements in surgical equipment technology, and the demand for improved surgical capabilities. 

Some major companies operating in the global report title are:   

•    Beijing Baihui Weikang Technology Co., Ltd. 

•    Curexo, Inc. 

•    Globus Medical, Inc. 

•    Medtronic plc 

•    PROCEPT BioRobotics Corporation 

•    Renishaw plc 

•    Robocath, Inc. 

•    Stryker Corporation 

•    Surgical Automations, Inc. 

•    Veebot Systems, Inc. 

•    Venus Concept Inc. 

•    Zimmer Biomet Holdings, Inc. 

 Market Drivers, Challenges, and Opportunities: 

Regulatory advancements, ongoing research, and collaboration between industry leaders are contributing factors in the growth of the autonomous surgical robotics market.  

Improved surgical capabilities drive the autonomous surgical robotics market, enabling robotic systems to conduct a broader spectrum of surgical procedures, encompassing both intricate and delicate tasks, thereby enhancing their value in the medical field.  

A significant obstacle in the autonomous surgical robotics market is the substantial capital expenditure associated with robotic systems, their accompanying instruments, and maintenance services.  

Related Reports:  

Asia-Pacific Surgical Robotics Market 

Surgical Robotics Market  

Interventional Imaging Market 

Minimally Invasive Spine Technologies Market 

MR Imaging in Neurosurgery Market 

 Analyst Note 

BIS principal analyst suggests: “The global autonomous surgical robotics market is on a trajectory of substantial growth, driven by the increasing adoption of minimally invasive surgeries, technological advancements, and need for enhanced surgical capabilities. Moreover, the use of artificial intelligence (AI) and haptics in surgical robotic platforms would give companies new opportunities to make work safer, increase productivity, and save valuable time for people.” 

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