$4.9bn
$X.Xbn
10,506
107
$X.Xbn
Innovation has always been at the center of robotic surgery equipment production, but recent tech advances creating massive improvements in minimally invasive procedures and patient outcomes have brought the industry to a new level. Tech innovation in robotic surgery has driven industry growth, primarily through market expansion and enhanced investment opportunities. New equipment elevates precision, control and automation of surgical procedures, leading to a higher adoption rate among healthcare providers. The industry has expanded its reach domestically and internationally as healthcare systems worldwide increasingly recognize the value of advanced robotic surgical technologies in enhancing patient care and surgical outcomes. In all, revenue has been expanding at a CAGR of 2.7% to an estimated $4.9 billion over the past five years, including expected growth of 2.6% in 2024.
Industry revenue has grown at a CAGR of 2.7 % over the past five years, to reach an estimated $4.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Intuitive Surgical, Inc. | 3,015.4 | 822.0 | 27.3 | |
Stryker Corp | 191.3 | 29.9 | 15.6 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Robotic Surgery Equipment Manufacturing in the US
Industry revenue is measured across several distinct product and services lines, including Other surgical equipment, General surgical equipment and Noninvasive radiosurgery systems. Other surgical equipment is the largest segment of the Robotic Surgery Equipment Manufacturing in the US.
The general surgical equipment segment grows as the population ages
Robotic surgery equipment manufacturers design, develop, produce and sell advanced robotic systems and instruments intended explicitly for surgical procedures. These manufacturers focus on integrating innovative technology to enhance the capabilities of surgeons, offering greater precision, control and minimally invasive options compared to traditional surgical methods.
Purchase this report to view all 2 major companies in this industry.
NAICS 33451 - Robotic Surgery Equipment Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Despite high initial costs, robotic surgery equipment can create clear cost savings for hospitals. This new equipment can lower readmission and infection rates, reducing expe...
Learn about an industry's products and services, markets and trends in international trade.
Manufacturers are constantly creating new uses for robotic surgical equipment. The industry will attempt to create products to assist a broader range of surgeries, like Intui...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most companies are in the West. Companies take advantage of robust technological innovation from Silicon Valley.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Manufacturers need FDA approval to sell any robotic equipment. This requirement acts as a significant barrier to entry, reducing competition.
Learn about the performance of the top companies in the industry.
Intuitive Surgical dominates the market with strong patent protection and innovative products. The first entrant into a given surgical specialty will gain near total control ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry faces intense regulatory scrutiny. The FDA places strict guidelines on all surgical equipment; many health insurance agencies are evaluating the effectiveness of...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit varies significantly for each company. An established manufacturer, like Intuitive Surgical, generates massive profit, while newer companies focus on innovation and ca...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Robotic Surgery Equipment Manufacturing in the US industry in United States is $4.9bn in 2024.
There are 107 businesses in the Robotic Surgery Equipment Manufacturing in the US industry in United States, which has grown at a CAGR of 8.5 % between 2019 and 2024.
The market size of the Robotic Surgery Equipment Manufacturing in the US industry in United States has been growing at a CAGR of 2.7 % between 2019 and 2024.
Over the next five years, the Robotic Surgery Equipment Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Robotic Surgery Equipment Manufacturing market in United States are Intuitive Surgical, Inc. and Stryker Corp
Testing for and gaining US Food and Drug Administration approval and Robotic surgery equipment manufacturing are part of the Robotic Surgery Equipment Manufacturing in the US industry.
The company holding the most market share in United States is Intuitive Surgical, Inc..
The level of competition is moderate and increasing in the Robotic Surgery Equipment Manufacturing in the US industry in United States.