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The robotic surgery devices market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 14%, as per The Business Research Company’s market report!

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The Robotic Surgery Devices Market Size In 2022 And Forecast
The global robotic surgery devices market grew from $5.21 billion in 2021 to $6 billion in 2022 at a compound annual growth rate (CAGR) of 15.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The robotic surgery devices market is expected to grow to $10.17 billion in 2026 at a CAGR of 14.1%.

The robotic surgery devices market consists of sales of robotic systems, instruments, and accessories and services related to the robotic surgery devices market.

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Rise In Demand For Minimally Invasive Technology Is Driving The Growth Of The Robotic Surgery Devices Market
According to the Intuitive Surgical company report, there is a 24% growth year on year for instruments and accessories. For robotic systems, the company has gained 16% growth and the overall robotic surgery devices market is growing at a rate of 13% -16%. The Intuitive Surgical company estimates that more than 1.2 million surgical procedures were done by using their robotic systems. Consumer preferences are changing and hospitals are adopting robotic surgery devices to create more value and cost-effective surgical procedures.

Competitive Landscape And The Regional Analysis Of The Robotic Surgery Devices Market

Major players in the robotic surgery devices market are Intuitive Surgical, Stryker, Medtronic, Smith & Nephew, TransEnterix, Mazor Robotics, Medrobotics, Accuray, THINK Surgical, and TINAVI Medical Technology Co. Ltd.

Additionally, as per TBRC’s research – North America was the largest region in the robotic surgery devices market in 2021 holding the largest market share.

The Robotic Surgery Devices Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the robotic surgery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the robotic surgery devices market.

Advancing Surgical Products And Technologies In The Health Care Industry – A Key Trend In The Robotic Surgery Devices Market
The advances in surgical products and technologies in the health care industry are creating more opportunities in the robotic surgery devices market. Increasing investments in R&D is helping investors to create value for the customers by producing medical-surgical products like robotic surgery devices by using the latest technologies.

Robotic Surgery Devices Market Segmentation By The Business Research Company

1) By Product and Service: Robotic systems, Instruments & Accessories, Services

2) By Surgery Type: Urological surgery, Gynecological surgery, Orthopedic surgery, Neurosurgery, Other Surgery Types

3) By End User: Hospitals, Ambulatory Surgery Centers.

Here Are Some Reports Related To The Robotic Surgery Devices Market –

Surgical Sealants And Adhesives Global Market Report 2022

Minimally Invasive Surgical Instruments Global Market Report 2022

Surgical Equipment Global Market Report 2022

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