Surgical Robot Accessories Market Size, Share & Trends Analysis Report By Application (Orthopedics, Neurology, Urology, Gynecology, Others), By End-use (Inpatient, outpatient), By Region, And Segment Forecasts, 2024 - 2030

Surgical Robot Accessories Market Size, Share & Trends Analysis Report By Application (Orthopedics, Neurology, Urology, Gynecology, Others), By End-use (Inpatient, outpatient), By Region, And Segment Forecasts, 2024 - 2030

Surgical Robot Accessories Market Growth & Trends

The global surgical robot accessories market size is expected to reach USD 11.99 billion by 2030 and is expected to grow at a CAGR of 14.0% from 2024 to 2030, according to a new study by Grand View Research, Inc. The market is witnessing significant growth, driven by increasing adoption of surgical robots in various medical procedures due to their advantages, such as precision, minimally invasive techniques, and shorter recovery times. Surgeons increasingly rely on surgical robots for complex surgeries, fueling demand for associated accessories.

Moreover, technological advancements, ongoing research and development activities, and favorable government initiatives supporting integrating robotic systems into healthcare further propel market growth. However, challenges such as high cost of surgical robots and their accessories and lack of skilled professionals to operate these sophisticated systems might impede market expansion. Adapting to these challenges through cost-efficiency measures and comprehensive training programs will be essential to sustain growth in this promising market.

The market is witnessing substantial growth due to formidable presence and active contributions of major companies within the sector. Renowned companies such as Intuitive Surgical, Medtronic, Stryker Corporation, Zimmer Biomet Holdings, and Smith & Nephew drive the market forward. These industry leaders consistently invest in research and development to innovate and enhance their accessory offerings, ensuring surgical robots' seamless integration and optimal performance. Their focus on developing cutting-edge accessories that enhance surgical precision, efficiency, and outcomes propels adoption of surgical robotic systems across various medical specialties.

For instance, by third quarter of 2022, count of da Vinci surgical systems installed globally had surged to 7364, marking a notable 13% increase within a year. Simultaneously, procedures utilizing these systems witnessed a significant growth of around 20%, reflecting a substantial quarterly revenue of USD 1.56 billion. However, challenge lies in these systems' high acquisition and maintenance costs, acting as a hurdle for several hospitals globally. This growing need for alternatives propels the demand and growth of the market, encouraging the development of cost-effective and efficient accessories for the wider adoption of robotic surgical systems.

Surgical Robot Accessories Market Report Highlights

• Others segment dominated the global market in 2023 with a revenue share of 44.76%. It encompasses many surgical procedures beyond specific categories such as urology, gynecology, neurology, and orthopedics. Neurology segment is expected to grow fastest over the forecast period, with a CAGR of 22.7%.
• The inpatient facilities dominated the end-use segment, with largest revenue share of 53.21% in 2023, as they have comprehensive infrastructure and resources to integrate and utilize surgical robots effectively.
• Outpatient facilities are witnessing the fastest growth of 14.2% in surgical robot accessories market due to a shifting paradigm toward minimally invasive procedures and a surge in ambulatory surgical centers (ASCs).
• North America dominated the market and contributed the highest revenue share of 49.85% in 2023, owing to technological advancements and medical device innovations, including surgical robots.
• Asia Pacific region is anticipated to grow at a lucrative rate of 18.6% over the forecast period, owing to the growing patient population and increasing adoption of advanced automated surgical instruments.

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