How Will the Robotic Surgery Devices Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How Will the Robotic Surgery Devices Market Grow Over the Forecast Period Based on Its Expected CAGR?
The market for robotic surgery devices has witnessed significant expansion in the past few years, with an increase from $7.84 billion in 2024 to an estimated $8.89 billion in 2025, indicating a compound annual growth rate (CAGR) of 13.4%. The mapped growth during the historical period can be credited to factors such as the surge in adoption of surgical robots, increase in healthcare facilities, supportive government policies, augmented spending on healthcare and a fast-growing elderly population.
The forecast for the robotic surgery devices market anticipates swift expansion in the coming years, with an expected value of $16.17 billion by 2029, proceeding at a compound annual growth rate (CAGR) of 16.1%. The expected growth over the predicted period can be credited to a surge in product unveiling, a rise in minimally invasive surgical procedures, an escalating prevalence of chronic illnesses, and an increase in healthcare spending. The future trends predicted include the incorporation of in-vivo robots in surgical procedures, advancements in technology, an upswing in mergers and acquisitions, the use of nanorobots in surgical operations, and the integration of artificial intelligence in robotic surgical procedures.
How Are the key drivers Contributing to the Expansion of the robotic surgery devices Market?
The demand for minimally invasive technology, which is fueling the growth of the robotic surgery devices market, has been on the rise. Devices used in Minimally Invasive (MI) surgical procedures have the capacity to be effortlessly inserted into any body part, due to their integrated imaging and catheter technologies. Usually, robotic surgeries are associated with minimally invasive surgeries and are predominantly used in heart, laparoscopy, orthopedic, gynecological, and urological surgeries. The introduction of robotic surgeries was catalyzed by the aim of diminishing patient’s length of hospital stay (LOS), pain, complications, time taken to return to work, and re-operations. For example, data from the American Society of Plastic Surgeons confirmed a 7 percent uptick in minimally invasive operations in 2023, outdoing surgical operations by 2 percent, with over 9 million neuromodulator injections and exceed 5 million hyaluronic acid fillers being administered respectively in June 2024. As consumer preferences continue to evolve, hospitals are embracing robotic surgery devices to provide more value-based and cost-effective surgical solutions.
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Who Are the Dominant Players Expanding Their Reach in the Robotic Surgery Devices Market?
Major companies operating in the robotic surgery devices market include:
• Intuitive Surgical Inc._x000D_
• Stryker Corporation_x000D_
• Medtronic plc_x000D_
• Smith & Nephew plc_x000D_
• Johnson & Johnson_x000D_
What Are the Top Trends Shaping the Evolution of the Robotic Surgery Devices Market?
Innovations in surgical products and techniques within the healthcare sector are paving the way for greater opportunities in the robotic surgery devices market. Growing funding in R&D is enabling investors to generate more value for their clients through the production of medical-surgical goods, such as robotic surgery devices, utilizing cutting-edge technology. Surgeries are simplified with the use of robotic systems outfitted with optical imaging, surgical instruments, tools and accessories. Notable technological advancements that are generating more value in the healthcare sector include 3-D high definition endoscope (Multi-Angle Rear-Viewing Endoscopic tool) devices for brain surgeries, Smart surgical eyewear (fitted with a video camera and head-mounted monitor), that function like computers and can be used for live surgery viewing, artificial intelligence surgical robots that function as physicians, and humanoid robots used for highly sensitive eye and brain surgeries. Another state-of-the-art surgical tool is remote robotics, which enables assistance with surgical procedures from any distant location. Hence, robotic surgery devices are revolutionizing the healthcare sector with their advanced technology and ground-breaking innovations.
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Which Key Market Segments Comprise the Robotic Surgery Devices Market and Drive Its Revenue Growth?
The robotic surgery devices market covered in this report is segmented –
1) By Product: Robotic systems, Instruments & Accessories, Services
2) By Application: General Surgery, Urological Surgery, Gynecological Surgery, Orthopaedics Surgery, Neurosurgery And Other Applications.
3) By End-Use: Hospitals And Ambulatory Surgery Centers (Ascs).
Subsegments:
1) By Robotic Systems: Surgical Robotic Systems, Teleoperated Robotic Systems, Autonomous Robotic Systems
2) By Instruments And Accessories: Surgical Instruments, Endoscopes, Vision Systems, Energy Devices
3) By Services: Maintenance And Repair Services, Training And Support Services, Consulting Services
Which Regions Are Setting the Pace for Robotic Surgery Devices Market Growth?
North America was the largest region in the robotic surgery devices market in 2024. Western Europe was the second largest market in global robotic surgery devices market. The regions covered in the robotic surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Are the Defining Features of the Robotic Surgery Devices Market?
Robotic surgery devices help doctors perform complex minimally invasive operations with precision and flexibility.
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