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Robotic Surgery Services Market Report 2023-2032: Growth Drivers, Revenue Trends, Size And Segments | Intuitive Surgical Inc., Stryker Corporation, Medrobotics Corporation, Johnson & Johnson, Globus medicals
Robotic Surgery Services Market
The Business Research Company's Robotic Surgery Services Global Market Report 2023 identifies purchasing power of hospitals and ambulatory care services as the major driver for the Robotic Surgery Services market's growth in the forecast period. Hospitals and ambulatory care services are interested in buying latest technologies to provide advanced care to the patients as well as to achieve an edge over their competitors.
The global robotic surgery services market size will grow from $0.86 billion in 2022 to $1.01 billion in 2023 at a compound annual growth rate (CAGR) of 17.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global robotic surgery services is expected to grow to $1.8 billion in 2027 at a CAGR of 15.4%.
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Major competitors in the Robotic Surgery Services market are Intuitive Surgical Inc., Stryker Corporation, Medrobotics Corporation, Johnson & Johnson, Globus medicals.
A key trend in the Robotic Surgery Services market includes Safety concerns regarding the use of robotic surgery services. According to a study on adverse events with robotic-assisted arthroplasty by American Academy of Orthopedic Surgeons, the unexpected robotic arm movement during bone cuts during TKA was the most common adverse event (AE), accounting for 28.9% of all reported AEs, followed by erroneous bone cuts (12.7%) and the robotic component leaking fluid or having residual contaminants (12.3 percent). Accurate bone resections accounted for more than a quarter of all adverse events associated with robotic-assisted PKA. A registration checkpoint being left in the patient accounted for 43.2 percent of all reported adverse events (AEs) in THA patients. Therefore, the safety issues pertaining to robotic surgeries leading to product recalls is expected to hinder the growth of the robotic surgery services market.
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The Robotic Surgery Services market is segmented -
1. By Component: Systems, Accessories, Services
2. By Application: General Surgery, Urological Surgery, Gynecological Surgery, Orthopedic Surgery, Neurosurgery, Other Applications
3. By End-User: Hospitals, Ambulatory Surgery Centers (ASCs)
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Robotic Surgery Services market.
The Business Research Company's "Global Robotic Surgery Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Robotic Surgery Services Market Include:
1. Executive Summary
2. Robotic Surgery Services Market Characteristics
3. Robotic Surgery Services Market Trends And Strategies
4. Robotic Surgery Services Market - Macro Economic Scenario
5. Robotic Surgery Services Market Size And Growth
……
26. Africa Robotic Surgery Services Market
27. Robotic Surgery Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Robotic Surgery Services Market
29. Robotic Surgery Services Market Future Outlook and Potential Analysis
30. Appendix
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