Robotic surgery devices market to hit $10 bn in 2024: Report

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, driven by a surge in demand for minimally invasive procedures and advancements in robotic technologies, according to a report by GlobalData, a data and analytics company.

The report highlights various factors contributing 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. Technological advancements such as artificial intelligence (AI) and machine learning algorithms are further advancing the evolution of robotic surgery and devices, empowering surgeons with real-time data analytics, predictive modeling, and personalized treatment recommendations.

“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,” said Graysen Vigneux, Medical Analyst at GlobalData. 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.

The advancements in robotic surgery devices signal a paradigm shift in how we approach surgical interventions, inching closer to a future where surgery is not just about healing but about enhancing quality of life, according to Vigneux.