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Robotic surgery devices market to reach $10 billion in 2024, forecasts GlobalData

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robotic surgery

As the healthcare landscape continues to evolve with technological advancements, the field of robotic surgery and devices is expected to experience unprecedented growth in 2024. The expansion will be driven by a surge in demand for minimally invasive procedures and advancements in robotic technologies. The global market for robotic surgical systems and accessories is projected to hit $10 billion by the end of 2024, with an anticipated surge to $15.8 billion by 2030, according to GlobalData, a leading data and analytics company.

Various factors contribute to the growth of robotic surgery, including rising demand from the expanding elderly demographic seeking minimally invasive and precise surgical solutions, the focus on value-based healthcare to improve surgical results, and continuous technological progress fostering the creation of more effective and less invasive robotic surgical platforms.

Graysen Vigneux, Medical Analyst at GlobalData, comments: “Innovation in robotic surgery is propelling us towards a future where surgeries once deemed too risky or intricate become routine, all thanks to the precision and versatility of these cutting-edge devices. The market’s surge in 2024 signals a new chapter in healthcare, where precision, efficiency, and patient-focused approaches are reshaping the landscape.”

Additionally, technological advancements such as artificial intelligence (AI) and machine learning algorithms are further advancing the evolution of robotic surgery and devices. These innovations empower surgeons with real-time data analytics, predictive modelling, and personalized treatment recommendations, thereby revolutionizing the way surgeries are performed and patients are cared for.

Moreover, it’s evident that the rising demand for minimally invasive surgeries and ongoing technological advancements are driving sustained growth in the robotic surgery and devices market. Stakeholders from the healthcare, tech, and investment sectors are actively pouring resources into innovative solutions, marking a pivotal shift in surgical practices and patient care.

Vigneux concludes: “The advancements in robotic surgery devices signal a paradigm shift in how we approach surgical interventions. With each innovation, we inch closer to a future where surgery is not just about healing but about enhancing quality of life.”

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