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Robotic Surgery Devices Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Robotic Surgery Devices
The Business Research Company offers in-depth market insights through Robotic Surgery Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The robotic surgery devices market size has grown rapidly in recent years. It will grow from $6.84 billion in 2023 to $7.81 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to rise in use of surgical robots, growth in the number of healthcare facilities, favorable government legislations and increased healthcare spending and rapid growth in the elderly population. .
The robotic surgery devices market size is expected to see rapid growth in the next few years. It will grow to $13.37 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing product launches, minimally invasive surgeries, increasing prevalence of chronic diseases and rise in healthcare expenditure will drive the growth. Major trends in the forecast period include in-vivo robots in surgery services, new technology development, increase in merger and acquisition activities, nanobots in surgery services and artificial intelligence in robotic surgery services..
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Market Segmentation:
The robotic surgery devices market covered in this report is segmented -
1) By Product: Robotic systems, Instruments & 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).
Major Driver - Rising Demand For Minimally Invasive Surgery Drives Growth In 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 part 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 the 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.
Competitive Landscape:
Major companies operating in the robotic surgery devices market report are Tenet Healthcare Corporation, HCA Healthcare, Inc, Asklepios Kliniken Verwaltungsgesellschaft Mbh, Apollo Hospitals Enterprise Ltd., Bumrungrad International Hospital, Fortis Healthcare, Bangkok Hospital, Spire Healthcare Group plc, Saudi German Hospitals Group, Raffles Medical Group, SS Innovations Private Limited, Private Limited, CMR Surgical India Pvt. Ltd, Medicaroid Corp, Asahi Surgical Robotics Co Ltd, HOZ Medical, Medtronic Plc, Taimi Robotics Technology, Wenshi Robot, Borns Medical Robotics, Kewei Robot, Horizon Robotics, Avateramedical GmbH, Zimmer Biomet Holdings Inc, Medtech SA, KB Medical SA, Senhance, Archer Daniels Midland Company, Barentz Group Companies, CHR Hansen, Asensus Surgical, Intuitive, Medrobotics Corporation, Medical Inc, Smith & Nephew, Restoration Robotics, Hansen Medical, RTI Connext DDS, Robotic Surgerya, Stryker Corporation, Mazor Robotics, Renishaw Plc, Stereotaxis Inc, Capsa Healthcare, ReWalk Robotics, Hocoma, Accuray Incorporated, Corindus, InTouch Health Inc.
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Top Trend - Technological Advancements In Surgical Products Fuel Opportunities In Robotic Surgery Devices Market
The advances in surgical products and technologies in the health care industry are creating more opportunities in the robotic surgery devices market. Increasing investments in R&D is helping investors to create value for the customers by producing medical-surgical products like robotic surgery devices by using the latest technologies. With the use of robotic systems that are equipped with optical imaging, surgical tools, instruments, and accessories, the surgeries are made easier. Some of the surgical advances that are creating more value and opportunity in the healthcare industry include 3-D high definition endoscope (Multi-Angle Rear-Viewing Endoscopic tool) devices for Brain surgery, Smart surgical glasses (equipped with a video camera and Head-mounted monitor) that act like computers, and can use for live observation of surgeries, surgical robots with artificial intelligence that acts as doctors, and humanoid robots which are used for highly critical surgeries in eye and brain. The other advanced surgical tool is remote robotics, which is used to assist with surgery from any remote location. Therefore, robotic surgery devices are playing an important role in the healthcare industry with their technological advancements and innovations.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Robotic Surgery Devices Market Characteristics
3. Robotic Surgery Devices Market Trends And Strategies
4. Robotic Surgery Devices Market - Macro Economic Scenario
5. Robotic Surgery Devices Market Size And Growth
…..
27. Robotic Surgery Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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