The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s robotic surgery services market report forecasts the robotic surgery services market size to grow to $1.8 Billion by 2027, with a CAGR (compound annual growth rate) of more than 15%.

Learn More On The Robotic Surgery Services Market Report 2023 – https://www.thebusinessresearchcompany.com/report/robotic-surgery-services-global-market-report

Robotic Surgery Services Market Size Forecast
The global robotic surgery services market is expected to grow from $0.86 billion in 2022 to $1.01 billion in 2023 at a compound annual growth rate (CAGR) of 17.8%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global robotic surgery services market size is expected to grow to $1.8 billion in 2027 at a CAGR of 15.4%.

North America held the largest robotic surgery services market share.

Key Robotic Surgery Services Market Driver ­– Increase In Purchasing Power Of Hospitals And Ambulatory Care Services
According to the fourth quarter and full year financial results 2021 of Intuitive Surgical, the robotic surgical giant, the company shipped 385 da Vinci Surgical Systems in fourth quarter, up 18% from the third quarter’s 326 units shipped. In 2021, the company shipped 1,347 da Vinci Surgical Systems, a 44% increase from the 936 systems shipped in 2020.Therefore, the purchasing power of hospital and ambulatory care services coupled with the increase in the geriatric population and prevalence of chronic illness have contributed to the growth of robotic surgery services market.

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Key Robotic Surgery Services Market Trend – Adopting Image Guide Navigation System
The image guide navigation system combined with the robotic surgery system offers more possibility to visualize and perform minimally invasive surgery in areas that were earlier difficult, especially the orthopedic surgeries and neurosurgeries. The Mazor X Stealth system by Medtronic, and the NuVasive’s Pulse and Excelsius GPS by Globus Medical, among others use image-guided navigation systems to perform spine surgeries, and orthopaedic implant surgeries such as total, partial knee, and hip replacements as they provide the surgeon with 3D experience. The image-guided navigation reduces the radiation effects and patients do not require to take an X-ray after the procedure. These factors state that the image-guided navigation system is expected to be a trend in robotic surgery services.

Robotic Surgery Services Market Segment
1) By Component: Systems, Accessories, Services
2) By Application: General Surgery, Urological Surgery, Gynecological Surgery, Orthopedic Surgery, Neurosurgery, Other Applications
3) By End-User: Hospitals, Ambulatory Surgery Centers (ASCs)

Robotic Surgery Services Market Major Players and Strategies
Major players in the robotic surgery services market are Intuitive Surgical Inc., Stryker Corporation, Medrobotics Corporation, Johnson & Johnson, Globus medicals, NuVasive, Smith & Nephew PLC., Titan Medical Inc., TransEnterix Inc. and University of Pittsburgh Medical Centre.

In February 2022, Medtronic PLC., a US-based medical device company, acquired Digital Surgery for an undisclosed amount. Through this acquisition, Digital Surgery will enhance Medtronic’s robotic-assisted surgery platform and expand Medtronic’s wider range of products. Digital Surgery is a UK-based is a privately held pioneer in digital education and training, data and analytics, and surgical artificial intelligence (AI).

The Robotic Surgery Services Global Market Report 2023 covers regional data on robotic surgery services market size, robotic surgery services market trends and drivers, opportunities, strategies, and robotic surgery services market competitor analysis. The countries covered in the robotic surgery services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Robotic surgery is a form of minimally invasive surgery in which doctors insert a succession of extremely small incisions and tiny surgical equipment into a patient’s body. Robotic surgery is the process of performing a surgery using tools that are attached to a robotic arm. It is used to perform surgery with high precision.

View More Reports Related To The Robotic Surgery Services Market –
Robotic Surgery Devices Global Market Report 2023
Spinal Surgery Devices And Equipment Global Market Report 2023
Minimal Invasive Surgery Devices Global Market Report 2023

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