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Robotic Surgery Services Market: Soaring at a CAGR of 13.7%, Major Drivers and Trends Revealed
Robotic Surgery Services Market
What Is The Projected Market Size Of The Global Robotic Surgery Services Market And Its Growth Rate?
• The Robotic Surgery Services market is expected to grow robustly from $1.2 billion in 2024 to $1.41 billion in 2025 at a compound annual growth rate (CAGR) of 17.5%.
• The growth in the upcoming years is anticipared to see a huge leap. The market is expected to expand to $2.36 billion in 2029 at a compound annual growth rate (CAGR) of 13.7%.
What Is Driving The Growth In The Robotic Surgery Services Market?
Growing purchasing power of hospitals and ambulatory care services coupled with the increase in the geriatric population and prevalence of chronic illnesses have contributed to the growth of the Robotic Surgery Services market. Establishments are investing in the latest technologies to provide advanced care to patients and stand out among competitors. For instance, according to the Intuitive Surgical, a US-based robotic surgical giant, revenues from da Vinci Surgical Systems in Q4 2022 were around $1.66 billion, up 7% from $1.55 billion in 2021.
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Who Are the Key Players Driving Robotic Surgery Services Market Growth?
•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
•Medtronic Australasia
•Zimmer Biomet Robotics
•Medtech SA
•KB Medical SA
•Intuitive
•Medrobotics Corporation
•Smith & Nephew
•Restoration Robotics
•Hansen Medical
•Stryker Corporation
•Mazor Robotics
•Renishaw Plc
•Stereotaxis Inc
•Accuray Incorporated
•Corindus
•InTouch Health Inc.
What Are The Key Trends In The Robotic Surgery Services Market?
• In-vivo robots in surgery services
• New technology development
• Increase in merger and acquisition activities
• Nanobots in surgery services
• Artificial intelligence in robotic surgery services
What Are The Segments Of The Global Robotic Surgery Services Market?
• By Component: Systems, Accessories, Services
• By Application: General Surgery, Urological Surgery, Gynecological Surgery, Orthopaedics Surgery, Neurosurgery And Other Applications.
• By End-Use: Hospitals And Ambulatory Surgery Centers (Ascs)
Which Region Leads The Robotic Surgery Services Market?
North America carried the largest share in the Robotic Surgery Services market in 2024, closely followed by Western Europe. The regions covered in the robotic surgery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Robotic Surgery Services Market Global Market Report?
- Market Size Analysis: Analyze the Robotic Surgery Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Robotic Surgery Services 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 Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Robotic Surgery Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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