Discover trends, market shifts, and competitive outlooks for the robotic surgery services industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What Is the Current and Projected Market Size of the Robotic Surgery Services Market Through 2034?

The market for robotic surgery services has seen a rapid expansion in size lately. The market’s growth will escalate from $1.2 billion in 2024 to $1.41 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 17.5%. The significant growth witnessed in the past can be credited to the increased utilization of surgical robots, the surge in the count of healthcare facilities, supportive government policies, heightened healthcare expenditure, and a swift increase in the aging populace.

In the coming years, the market size for robotic surgery services is projected to experience significant expansion. It is set to rise to $2.36 billion by 2029, maintaining a compound annual growth rate (CAGR) of 13.7%. The predicted growth for the forecast period is due to factors such as an upsurge in product introductions, preference for minimally invasive operations, a growing instance of chronic illnesses and augmented spending in the healthcare sector. Some of the predominant trends for the forecast period involve in-vivo robotic applications in surgical services, development of novel technologies, an uplift in merger and acquisition activities, the use of nanobots in surgical services, and the incorporation of artificial intelligence in robotic surgical services.

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Which Factors and External Forces Are Driving Demand in the Robotic Surgery Services Market?

The growth of the robotic surgery service market has been fuelled by the increasing purchasing power of hospitals and ambulatory care services. These establishments are keen on procuring the most recent technologies to offer sophisticated patient care, while also outshining competitors. For instance, in February 2023, Intuitive Surgical, a US-based leader in robotic surgery, reported that around 1,875,000 surgical procedures were performed in 2022 using da Vinci Surgical Systems. This represents an increase of 18% from the roughly 1,594,000 procedures carried out using the same systems the previous year. Revenue from da Vinci Surgical Systems for the last quarter totaled approximately $1.66 billion in 2022, a rise of 7% from $1.55 billion in 2021. Thus, the purchasing ability of hospitals and ambulatory care services, paired with the rising elderly population and the high occurrence of chronic diseases, has contributed to the expansion of the robotic surgery services market.

Which Segments in the Robotic Surgery Services Offer the Most Growth?

The robotic surgery services market covered in this report is segmented –

1) By Component: Systems, 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 Systems: Surgical Robotic Systems, Robotic Surgical Platforms For Specific Procedures

2) By Accessories: Surgical Instruments, Disposable And Reusable Accessories, Vision And Imaging Systems

3) By Services: Maintenance And Repair Services, Training And Education Services, Technical Support Services, Consulting Services

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What Are the Fastest-Growing Geographies in the #Which Factors and External Forces Are Driving Demand in the Robotic Surgery Services Market?# Market?

North America was the largest region in the robotic surgery services market in 2024. Western Europe was the second largest region in the global robotic surgery services market share. The regions covered in the robotic surgery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which Cutting-Edge Market Trends Are Expected to Drive theRobotic Surgery Services Market’s Growth?

Using an image-guided navigation system together with a robotic surgical system significantly enhances the viability and effectiveness of minimally invasive surgeries in areas that were once challenging, especially within the field of orthopedics and neurosurgery. The Mazor X Stealth system offered by Medtronic, along with NuVasive’s Pulse and the Excelsius GPS from Globus Medical utilize this image-guided navigation approach to carry out spine surgeries and orthopedic implant operations, which include total and partial knee and hip replacements, granting surgeons a 3D experience. The image-led navigation mitigates the harmful side effects of radiation and eliminates the need for patients to undergo an X-ray after surgery. Mentioned factors indicate that the image-guided navigation system will play a significant role in shaping trends in robotic surgical services.

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What Are the Key Elements That Define the Robotic Surgery Services Market?

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.

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