AI-based Surgical Robots Market Share, Trends, Revenue, Growth Drivers, Challenges, Key Players, and Future Investment Strategies Till 2033


AI-based Surgical Robots Market Share, Trends, Revenue, Growth Drivers, Challenges, Key Players, and Future Investment Strategies Till 2033: SPER Market Research

 Category : Medical Devices

 Published: Feb-2024
 Author: SPER Analyst

AI-based Surgical Robots Market is projected to be worth USD 39.91 billion by 2033 and is anticipated to surge at a CAGR of 18.81%.

Surgical robotics is using artificial intelligence. Manufacturers recognise that automation requires deep learning data instead of behaviour coded by an engineer who may not be familiar with every circumstance. The data for this deep machine learning was gathered by observing surgeons in action. AI can identify patterns in surgical procedures to enhance best practices and raise the submillimetre precision of a surgical robot's control thanks to this data and sophisticated algorithms. AI and machine vision are also being used to analyse scans and identify cases of cancer. Real-time identification of unexpected or missing phases in surgical operations, such as sleeve gastrectomy procedures, is facilitated by laparoscopic video analysis.

Global AI-based Surgical Robots Market Driving Factors and Challenges

Increased investment in healthcare infrastructure, the need for less invasive procedures, and advances in AI and machine learning technologies are driving the growth of the AI-based surgical robot’s market. The increasing use of this technology is mostly due to the ageing population and the ensuing growth in the prevalence of chronic conditions necessitating surgical procedures. As AI-assisted surgical robots help surgeons with speech recognition, problem-solving, and decision-making, their use is anticipated to grow in the future years. The growing worry about the shortage of medical workers worldwide is expected to drive an increase in the use of AI-based surgical robots, which will drive market expansion. Additionally, a growing trend towards using technology-based ways rather than conventional means to perform medical treatments will propel market expansion.

The high expense of robotic surgery systems and the dearth of general technical knowledge for operating such sophisticated equipment are the main obstacles. The intricacy of the robots presents significant difficulties for upkeep and repairs. Developers and healthcare providers also have extra hurdles in assuring cybersecurity and data protection in AI implementations. Additionally, there are potential for ongoing innovation, such the incorporation of 3D images and improved tactile feedback. The unrealized potential in developing nations and the continuous research that is producing adaptable uses in a range of surgical specialties indicate significant industry growth in the years to come.

Impact of COVID-19 on Global AI-based Surgical Robots Market
Due to the global lockdown enforced by the COVID epidemic, the market for AI-based surgical robots has experienced growing challenges. Across the globe, elective procedures were postponed or cancelled in order to lower the rate of infection spread and give the treatment of Covid patients priority. Healthcare facilities' purchases of new products decreased as a result of this. On the other hand, a move towards robotic surgery is evident when constraining regulations are lifted. Robots in surgery are expected to become more common as they shorten surgical times, lower patient infections, and require less communication between patients and medical personnel.  

AI-based Surgical Robots Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Accuray Incorporated, Activ Surgical, Inc., CMR Surgical, Inc., Intuitive Surgical, Inc., Medrobotics Corporation, Medtronic, plc, Smith and Nephew, Stereotaxis, Inc., Stryker Corporation, Titan Medical, Inc. and others.

Global AI-based Surgical Robots Market Segmentation:

By Type: Based on the Type, Global AI-based Surgical Robots Market is segmented as; Instruments & Accessories, Services

By Application: Based on the Application, Global AI-based Surgical Robots Market is segmented as; Gynaecology, Neurology, Orthopaedics, Urology

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. 

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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