Press release
Robotic Surgery Devices Market: Soaring to $16.17 Billion by 2029 with CAGR of 16.1%
Robotic Surgery Devices Market
What Is The Projected Market Size Of The Global Robotic Surgery Devices Market And Its Growth Rate?
- The market size of robotic surgery devices has shown a rapid increase. It is projected to rise from $7.84 billion in 2024 to $8.89 billion in 2025, indicating a compound annual growth rate (CAGR) of 13.4%. Its growth is driven by the rise in surgical robots' use, healthcare facilities' expansion, government legislation favorable for health, more healthcare spending, and the rapid growth of the elderly population.
- The market size is expected to continue its robust growth in the next few years, escalating to $16.17 billion in 2029 at a CAGR of 16.1%. This growth is attributed to factors such as increased product launches, the prevalence of minimally invasive surgeries, the rise of chronic diseases, and heightened healthcare expenditure.
What Is Driving The Growth In The Robotic Surgery Devices Market?
The robotic surgery devices market growth is driven by the increased demand for minimally invasive technology. These technologies used in surgery devices, which are equipped with imaging and catheter, can be easily inserted into any part of the body. They are mainly utilized in heart, laparoscopy, orthopedic, gynecological, and urological surgeries. Robotic surgeries were developed to decrease patient hospital lengths of stay, pain, complications, return to work time, and the number of reoperations. The rise in minimally invasive procedures surpasses surgical procedures, indicating that consumer preferences are shifting. Hospitals are adopting robotic surgery devices for more valuable and cost-effective surgical procedures.
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Who Are the Key Players Driving Robotic Surgery Devices Market Growth?
Significant players functioning in the robotic surgery devices market:
- Intuitive Surgical Inc.
- Stryker Corporation
- Medtronic plc
- Smith & Nephew plc
- Johnson & Johnson
- TransEnterix, Inc.
- Zimmer Biomet Holdings, Inc.
What Are The Key Trends In The Robotic Surgery Devices Market?
Major trends shaping the market:
- Adoption of in-vivo robots in surgery services
- Development of new technology
- Increase in merger and acquisition activities
- Integration of nanobots in surgical services
- Use of artificial intelligence in robotic surgery services
What Are The Segments Of The Global Robotic Surgery Devices Market?
The market segmentation of the Robotic Surgery Devices:
1. By Product: Robotic systems, Instruments & Accessories, Services
2. By Application: General Surgery, Urological Surgery, Gynecological Surgery, Orthopedics Surgery, Neurosurgery, And Other Applications.
3. By End-Use: Hospitals And Ambulatory Surgery Centers (Ascs)
Which Region Leads The Robotic Surgery Devices Market?
North America led the robotic surgery devices market in 2024, with Western Europe following as the second-largest market. The regions covered in the robotic surgery devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Robotic Surgery Devices Market Global Market Report?
- Market Size Analysis: Analyze the Robotic Surgery Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Robotic Surgery Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Robotic Surgery Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Robotic Surgery Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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