The global Medical Robotics Market is experiencing significant growth, driven by technological advancements, increasing demand for minimally invasive procedures, and substantial investments in healthcare automation. As of 2024, the market was valued at approximately USD 10.1 billion and is projected to reach USD 31.3 billion by 2035, growing at a CAGR of 10.8% during the forecast period. 

Top 5 Companies with the Largest Market Share

Based on market analyses, the following companies are identified as key players in the medical robotics market:

  1. Intuitive Surgical, Inc. (US): Renowned for its da Vinci Surgical System, Intuitive Surgical is a pioneer in robotic-assisted, minimally invasive surgery. The company holds a significant share of the surgical robotics market.

  2. Stryker Corporation (US): Stryker's acquisition of MAKO Surgical has positioned it as a leader in orthopedic robotic surgery, offering advanced robotic-arm assisted surgical systems. 

  3. Medtronic Plc (US): Medtronic has expanded its robotic surgery portfolio with the development of the Hugo robotic-assisted surgery system, aiming to enhance minimally invasive procedures.

  4. Zimmer Biomet Holdings, Inc. (US): Zimmer Biomet offers the ROSA Robotics platform, assisting surgeons in performing complex orthopedic procedures with precision. 

  5. Smith & Nephew Plc (UK): Specializing in orthopedic reconstruction, Smith & Nephew provides robotic-assisted surgical solutions to improve patient outcomes.

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Latest Mergers and Acquisitions

The medical robotics sector has witnessed several strategic mergers and acquisitions aimed at enhancing technological capabilities and expanding market presence:

  • Karl Storz's Acquisition of Asensus Surgical: In 2024, Karl Storz announced plans to acquire Asensus Surgical, a specialist in digital solutions for the operating room, to bolster its surgical robotics offerings. 

  • Titan Medical's Merger with Conavi Medical: Titan Medical entered into a merger with Conavi Medical, combining expertise in surgical robotics and imaging guidance technologies to advance minimally invasive procedures. 

  • AVRA Medical Robotics and CardioVentures Merger: AVRA Medical Robotics merged with CardioVentures Inc., transforming into SS Innovations International Inc., focusing on strengthening its presence in the Indian market.

Recent Developments in the Market

The medical robotics market is evolving with notable developments:

  • FDA Clearance for Intuitive Surgical's da Vinci SP System: In April 2023, Intuitive Surgical received FDA clearance for its da Vinci SP system to perform simple prostatectomy procedures, expanding its surgical applications.

  • Launch of Robotic Bronchoscopy Trial in Australia: In March 2023, a new robotic surgical trial system, the “Robotic Bronchoscopy Trial,” was launched in Australia, aiming to enhance lung cancer diagnostics. 

  • Introduction of da Vinci Surgical Robot in India: In August 2023, CK Birla Hospital partnered with Intuitive India to launch the da Vinci surgical robot, providing advanced medical treatment options in the region. 

New Funding or Investment Activities

Significant investments have been made to advance medical robotics technologies:

  • CMR Surgical's $200 Million Funding Round: In April 2025, CMR Surgical secured over $200 million in funding, backed by existing investors and new investor Trinity Capital, to accelerate the global commercialization of its Versius Surgical Robotic System. 

  • MMI's $110 Million Series C Financing: In February 2024, MMI raised an additional $110 million in Series C equity financing, led by Fidelity Management & Research Company, to support the commercialization of the Symani Surgical System. 

  • Mendaera's $73 Million Series B Funding: In September 2024, Mendaera announced a $73 million Series B funding round led by Threshold Ventures to scale robotics and AI across mainstream medical procedures.

Conclusion

The medical robotics market is poised for continued growth, driven by technological innovations, strategic mergers and acquisitions, and substantial investments. Leading companies are expanding their product portfolios and global reach, while new entrants are introducing innovative solutions to meet the evolving needs of healthcare providers and patients. As the demand for minimally invasive procedures and precision medicine increases, the medical robotics industry is expected to play a pivotal role in shaping the future of healthcare.