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FC Market Views
As the healthcare industry evolves, advanced technology is increasingly integrated throughout the patient journey. The demand for minimally invasive procedures, greater accuracy, and improved outcomes have accelerated this transformation, with surgical robots playing part of the roles. Both established and emerging companies continue to innovate, delivering de novo solutions for local and global markets.
Market Trends
We have seen a growing interest in the adoption of surgical robots in recent periods. The market is projected to grow through aggresive innovation and adoption, expected to ripe in the upcoming 10 years. Some remaining barriers, like high-cost requirements and infrastructure readiness, are things that need to be tackled while the innovators are developing new disruptive products.
In the current market state, countries like the US, European countries, Japan, South Korea, and China have become tech innovators and early adopters of this technology. The latest statistics show that ~15% of all surgeries in the US were performed using robotic assistance, followed by Europe at 2%. Zooming into the APAC region, China dominates the market with a 30% share in surgical robots, followed by India at 6%. In Southeast Asia, demand for robotic-assisted surgery still continues to grow, with increasing adoption and recent successful use cases highlighting the region's role as part of the early and late majority of the innovation. The cases are shown below.
In the current market state, countries like the US, European countries, Japan, South Korea, and China have become tech innovators and early adopters of this technology. The latest statistics show that ~15% of all surgeries in the US were performed using robotic assistance, followed by Europe at 2%. Zooming into the APAC region, China dominates the market with a 30% share in surgical robots, followed by India at 6%. In Southeast Asia, demand for robotic-assisted surgery still continues to grow, with increasing adoption and recent successful use cases highlighting the region's role as part of the early and late majority of the innovation. The cases are shown below.
The Application of Surgical Robots
Robotic surgery applies to various surgical needs, especially those that are more complex and require high precision, accuracy, and long hours, which may increase the tiredness level of surgeons. As a result, the urgency of adopting surgical robots varies depending on the type of surgery. Notably, around 50% of surgical robot applications involve laparoscopic robots, which are used across multiple surgical specialties. Based on the statistics above, the interest can be seen in the overall surgeons’ percentage.
What Solutions Are Surgical Robotics Startups Offering?
Multiple startups from Singapore, the United States, France, Germany, China, and beyond continue to secure funding for surgical robot development. The remaining adoption barriers and untapped solutions in the market present opportunities for innovation. Key offerings from these startups include:
1. Lower cost with comparable quality
2. Improved tech, such as better accuracy & outcome
3. Tapping new untapped markets
4. Provide complementary procedure solutions
These key offerings help drive innovation in the surgical robotics industry, making advanced healthcare solutions more accessible and effective. By introducing cost-efficient options, enhancing technology, and reaching underserved markets, emerging startups may contribute to the broader adoption of surgical robotics.
Their success will be shaped by factors such as clinical validation, rapid client acquisition, real-world impact of their innovations, and high-quality outcomes. Given the strong market demand, we expect to see more companies in surgical robots expand into wider regions with innovative and transformative solutions.