Robotic surgery devices market to touch $10 bn mark in 2024

Robotic surgery and devices is expected to experience unprecedented growth in 2024, driven by a surge in demand for minimally invasive procedures and advancements in robotic technologies, according to a report on Thursday.

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, said the report by GlobalData, a 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.

"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," said Graysen Vigneux, Medical Analyst at GlobalData, in a statement.