Key Trends and Insights into the Robotic Surgery Devices Market: Growth Rate and Opportunities to 2034
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What key factors are powering the surge in the robotic surgery devices market right now?
The market for robotic surgery devices has seen a fast-paced growth in the last few years. It is set to surge from $7.84 billion in 2024 to $8.89 billion in 2025, progressing at a compound annual growth rate (CAGR) of 13.4%. The historic growth can be traced back to factors such as the increased utilization of surgical robots, the expansion of healthcare facilities, conducive government legislation, heightened healthcare expenditures, and a swift increase in the aged population.
How fast Is the robotic surgery devices market expected to grow, and what’s its future value?
Anticipated to witness substantial expansion in the upcoming years, the nano drones market is projected to swell to a worth of $8.13 billion by 2029, manifesting a compound annual growth rate (CAGR) of 30.4%. Factors such as the rising need for security and surveillance, the miniaturization of components, breakthroughs in AI and automation, growing consumer demand and trends, as well as an increase in commercial applications, are contributing to the growth during the forecast period. Notable trends for the forecast period include drone delivery services, individual and recreational usage, academic exploration and study, entertainment and media applications, and the drones’ usage in disaster management and search endeavors.
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What are the leading drivers of growth in the robotic surgery devices market?
The burgeoning demand for minimally invasive techniques is propelling the growth of the market for robotic surgery devices. These devices, used in Minimally Invasive (MI) surgeries, come equipped with imaging and catheter technologies that can be seamlessly introduced into any body part. Robotic surgical procedures are commonly linked with minimally invasive surgeries and are predominantly leveraged for heart, laparoscopy, orthopedic, gynecological, and urological operations. Robotic surgeries came into existence to mitigate the duration of patient hospital stay (LOS), discomfort, complications, and the time taken to return to work, as well as reoperations. For instance, the American Society of Plastic Surgeons, a U.S.-based specialty institution, recorded a 7 percent rise in minimally invasive procedures in 2023, surpassing surgical procedures by 2 percent, in June 2024. This included neuromodulator injections and hyaluronic acid fillers, which accounted for over 9 million and 5 million treatments each. With changing consumer preferences, hospitals are turning to robotic surgery devices to deliver more value and cost-effective surgical procedures.
What are the key segments defining the robotic surgery devices market?
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
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Who are the key players steering the development of the robotic surgery devices market?
Major companies operating in the robotic surgery devices market include Intuitive Surgical Inc., Stryker Corporation, Medtronic plc, Smith & Nephew plc, Johnson & Johnson, TransEnterix, Inc., Zimmer Biomet Holdings, Inc., Auris Health, Inc., CMR Surgical Ltd., Verb Surgical Inc., Renishaw plc, Think Surgical, Inc., Corindus Vascular Robotics, Inc., Mazor Robotics Ltd., Titan Medical Inc., Accuray Incorporated, OMNI Life Science, Inc., Virtual Incision Corporation, Medrobotics Corporation, Preceyes BV, Microbot Medical Inc., Asensus Surgical, Inc., Avatera Medical GmbH, Medicaroid Corporation, Hansen Medical, Inc., Edge Surgical, Inc., Synaptive Medical, Aesculap, Inc., Verb Surgical
What emerging trends are influencing the growth of the robotic surgery devices market?
Progressions in the medical sphere, particularly pertaining to surgical products and methodologies, are fueling growth in the robotic surgery devices market. These advances, catalyzed by surging investments in research and development, enable investors to generate customer value by manufacturing medical-surgical innovations such as robotic surgery devices using cutting-edge technologies. Surgeries are significantly streamlined with the utilization of robotic systems furnished with optical imaging, surgical appliances, implements, and add-ons. Among the progressive surgical breakthroughs adding value and fostering opportunities in healthcare are 3-D high definition endoscope devices (Multi-Angle Rear-Viewing Endoscopic tools) for brain operations, smart surgical glasses function as computers integrating video cameras and head-mounted monitors, enabling real-time surgical observation. Further advancements include AI-endowed surgical robots acting as physicians, and humanoid robots deployed for highly complicated neuro and ocular surgeries. Another advanced tool gaining traction is remote robotics, allowing surgical aid from any distant location. Consequently, due to their technological evolution and innovative applications, robotic surgery devices are carving out a crucial role in the healthcare industry.
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Which regions are most influential in expanding the robotic surgery devices market?
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
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