How Will The Robotic Surgery Devices Market Size Grow In The Coming Years?
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
North America held the largest robotic surgery devices market share.
The global robotic surgery devices market is expected to grow from $6 billion in 2022 to $6.84 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The global robotic surgery devices market size is expected to grow from $11.65 billion in 2027 at a CAGR of 14.2%.
Major Driver In The Robotic Surgery Devices Market – Rise In Demand For Minimally Invasive Technology
According to the Intuitive Surgical corporate report, instrument and accessory sales are up 24% year on year. The company has gained 16% growth in robotic systems, and the total robotic surgery devices industry is rising at a rate of 13%-16%. According to Intuitive Surgical, its robotic systems have been used in over 1.2 million surgical procedures. Consumer preferences are shifting, and hospitals are implementing robotic surgery systems to provide more value and lower costs for surgical procedures.
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Key Robotic Surgery Devices Market Segments
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
Recent Robotic Surgery Devices Market Trend – Advances In Surgical Products And Technologies In The Health Care Industry
Increasing R&D investments enable investors to create value for customers by manufacturing medical-surgical items such as robotic surgery instruments using cutting-edge technologies. The surgeries are made easier by the use of robotic systems that are outfitted with optical imaging, surgical tools, instruments, and accessories. Some of the surgical advances that are increasing the value and opportunity in the healthcare industry include 3-D high definition endoscope (Multi-Angle Rear-Viewing Endoscopic tool) devices for brain surgery, smart surgical glasses (equipped with a video camera and a head-mounted monitor) that act like computers and can be used for live observation of surgeries, surgical robots with artificial intelligence that act as doctors, and humanoid robots that are used for highly complex operations. Remote robotics, another modern surgical technology, is utilised to assist with surgery from any remote location. As a result of technical breakthroughs and improvements, robotic surgery equipment are playing an important role in the healthcare business.
Robotic Surgery Devices Market Prominent Players
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.
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The Robotic Surgery Devices Global Market Report 2023 provides a comprehensive overview on the robotic surgery devices market size, trends and drivers, opportunities, strategies, and companies analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Robotic surgery equipment enable doctors to execute complex minimally invasive procedures with more precision and flexibility.
View More Related Reports –
Robotic Surgery Services Global Market Report 2023
Robotics Technology Global Market Report 2023
Minimal Invasive Surgery Devices Global Market Report 2023
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