Robotic Surgery Devices Market 2021 Analysis by Global Key Players | Intuitive Surgical (US); Stryker (US); Medtronic (Ireland); Smith

The Global Robotic Surgery Devices Market Research Report 2021-2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The global robotic surgery devices market is expected grow from $4.84 billion in 2020 to $5.13 billion in 2021 at a compound annual growth rate (CAGR) of 6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $9.65 billion in 2025 at a CAGR of 17%.

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Key Players:

Intuitive Surgical; Stryker; Medtronic; Smith & Nephew; TransEnterix; Mazor Robotics; Medrobotics; Accuray; THINK Surgical; TINAVI Medical Technology Co. Ltd.; Hansen Medical; Auris Surgical Robotics Inc (Hansen Medical Inc); CMR Surgical; Zimmer Biomet; MedTech; Corindus Vascular Robotics; Renishaw; Verb Surgical; Meere Company; Titan Medical; Stereotaxis Inc.; KUKA AG; Microbot Medical; OMNIlife science Inc.; Preceyes BV; Microsure; AvateraMedical GmbH; Medicaroid Corporation; TINAVI Medical Technology Co. Ltd.; AOT AG; Robocath; Rob Surgical Systems; Siasun Robot & Automation Co. Ltd.; Curexo; Hocoma; Omnicell; Arxium; Ekso Bionics Holdings; Globus Medical; Maxar Technologies Limited and others.

Market segments

1) By Product and Service: Robotic systems; Instruments & Accessories; Services 2) By Surgery Type: Urological surgery; Gynecological surgery; Orthopedic surgery; Neurosurgery; Others 3) By End User: Hospitals; Ambulatory Surgery Centers

Industry News

July 2019, Intuitive Surgical Inc., an American corporation that develops, manufactures, and markets robotic products, acquired Schlly Fiberoptics robotic endoscope business. Schlly Fiberoptic is a major player in the visualization systems for Minimally Invasive (MI) diagnostic and surgical applications. This acquisition integrated Schllys robotic endoscope manufacturing line, and two Schlly sites into some of the Intuitive operations which are the robotic-related manufacturing line from Denzlingen (Germany) , the manufacturing site in Biebertal (Germany) and the repair site in Worcester, Mass (USA). The acquisition's main aim is to strengthen the Intuitives supply chain and increase its manufacturing capacity for visualization products to advance healthcare.

Market Overview

The robotic surgery devices market consists of sales of robotic systems, instruments and accessories and services related to the robotic surgery devices market. 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.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Robotic Surgery Devices market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Personal Protective Equipment market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Robotic Surgery Devices market.

Market Segments: This part of the report discusses product type and application segments of the global Robotic Surgery Devices market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Robotic Surgery Devices used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

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Finally, the Robotic Surgery Devices Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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