Robotic Surgery Services Market Size, Strategies and Opportunities Forecast 2022-28

According to Precision Business Insights (PBI), the latest report the global Robotic Surgery Services market is expected to be worth USD 6,176.8 million in 2021 and projected to grow at an 17.5% CAGR over 2022 to 2028. The rising demand for better facilities and faster procedures propels the adoption of surgical robots in the medical sector. Surgical robots improve the precision of complex surgical operations while reducing the possibility of mistakes. Surgical robots minimize the expense of the additional facilities required during surgery. Using surgical robots in complex surgical operations eliminates the possibility of human mistakes.

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The hospitals Segment is Dominating the Robotic Surgery Services Market:
Based on the end user, the market is segmented into hospitals and ambulatory surgical centers. Among these, the hospital segment accounts for holding the highest share in the forecasting period owing to many surgical operations, doctors or surgeons in hospital settings now choose robot-assisted systems. For example, according to a research study, the usage of robot-assisted operations for general surgical procedures increased from 1.8% in 2012 to 15.1% in 2018.

North America Leads Robotic Surgery Services Market:
North America is expected to hold significant market share in the global Robotic Surgery Services market and is projected to grow at a prominent growth rate over the forecast years owing to the expanding number of next-generation healthcare facilities in the United States, combined with the growing use of automated surgical tools. Furthermore, sophisticated healthcare infrastructure in the United States is likely to fuel the regional industry. Furthermore, the rising prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disease in the United States is accelerating the adoption of automated surgical equipment.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Robotic Surgery Services market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In March 2019, A Canadian Titan Medical robotic technology company collaborated with Teleflex Incorporated. The partnership aimed to develop a robotic ligation technology. Under this collaboration, Teleflex's market-leading polymer ligation technology will be integrated into Titan's development-stage, single-port robotic surgery system. In June 2019, CMR Surgical, a United Kingdom based company, signed an agreement with Life Healthcare [Australia and New Zealand (ANZ)] to introduce Versius across Australia and New Zealand, following the completion of regulatory processes.

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The robotic surgery services market is segmented based on Product Type, Animal, and Geography.
Based on the Component, the market is segmented into the following:
• Robotic Systems
• Instruments
• Accessories

Based on the Application, the market is segmented into the following:
• Orthopedic Surgery
• Neurosurgery
• General Surgery
• Gynecology Surgery
• Urologic Surgery
• Others

Based on End User, the market is segmented into the following:
• Hospitals
• Ambulatory Surgical Centers

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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Key player's profiles in the robotic surgery services market report are Surgical (US), Stryker Corporation (US), Medtronic (Ireland), Smith & Nephew (UK), Zimmer Biomet (US), Asensus Surgical (Transenterix) (US), Corindus Vascular Robotics (US), Renishaw (UK), Auris Health (US), Medrobotics Corporation (US).

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