Press release
Robotic Surgery Devices Market Size Worth $7.71 Billion by 2023 | Top Players Intuitive Surgical (US), Stryker (US), Medtronic (Ireland), Smith & Nephew (UK), TransEnterix (US) | Covid 19 Growth And Change
Robotic Surgery Devices Market
The global robotic surgery devices market is expected to decline from $5.04 billion in 2019 to $4.84 billion in 2020 at a rate -3.91%. The decline is mainly due to the Covid-19 outbreak resulting in other patients delaying their episodes of care. The market is then expected to stabilize and reach $7.71 billion in 2023 at CAGR of 16.81%.
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The robotic surgery devices market consists of sales of robotic systems, instruments and accessories and services related to the robotic surgery devices market. Robotic surgery devices are advanced surgical devices compared to traditional laparoscopic surgery devices. These devices are used for Minimally Invasive (MI) surgeries in the eye, brain, heart and other parts of the body. These robotic surgery devices can be applied in Gynecological, Neuro, Orthopedic, and general surgeries. The robotic surgery devices are more cost-effective and introduced to reduce complications, Pain, reoperations, etc.
The rise in demand for minimally invasive technology is driving the robotic surgery devices market. Minimally Invasive (MI) surgery devices are equipped with imaging and catheter technologies that can be easily inserted into any parts of the body. Robotic surgery procedures are usually associated with minimally invasive surgeries. These technologies are mainly used for Heart, Laparoscopy, Orthopedic, Gynecological, and Urological surgeries. Robotic surgeries were introduced to reduce patient hospital length of stay (LOS), pain, complications, return to work time, and reoperations. According to the Intuitive Surgical company report, there is a 24% growth year on year for instruments and accessories. For robotic systems, the company has gained 16% growth and overall robotic surgery devices market is growing at a rate of 13% -16%. The Intuitive Surgical company estimates that more than 1.2 million surgical procedures were done by using their robotic systems. Consumer preferences are changing and hospitals are adopting robotic surgery devices to create more value and cost-effective surgical procedures.
Robotic Surgery Devices Market Segmentation: -
By Product and Service
Robotic systems
Instruments & Accessories
Services
By Surgery Type
General surgery
Urological surgery
Gynecological surgery
Orthopedic surgery
Neurosurgery
Other Applications
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Few Points From Table Of Content
1. Executive Summary
2. Robotic Surgery Devices Market Characteristics
3. Robotic Surgery Devices Market Size And Growth
4. Robotic Surgery Devices Market Segmentation
5. Robotic Surgery Devices Market Regional And Country Analysis
......
25. Robotic Surgery Devices Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Robotic Surgery Devices Market
27. Robotic Surgery Devices Market Trends And Strategies
28. Robotic Surgery Devices Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Robotic Surgery Devices Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Robotic Surgery Devices Market are Intuitive Surgical (US), Stryker (US), Medtronic (Ireland), Smith & Nephew (UK), TransEnterix (US), Mazor Robotics (US, Medrobotics (US), Accuray (US), THINK Surgical (US),
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