Robotic Surgery Services Market Expected to Achieve 13.7% CAGR by 2029: Growth Forecast Insights

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How Large Will the Robotic Surgery Services Market Size By 2025?
The market size of robotic surgery services has witnessed a swift ascent in the past few years. It is projected to escalate from $1.2 billion in 2024 up to $1.41 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 17.5%. The expansion during the historic period can be credited to the surge in the usage of surgical robots, the increase in healthcare establishments, supportive government regulations, augmented healthcare expenditure, and a rapid increase in the elderly population.

How Big Is the Robotic Surgery Services Market Size Expected to Grow by 2029?
The market for robotic surgery services is predicted to experience a swift expansion in the coming years, reaching a valuation of $2.36 billion in 2029 with a compound annual growth rate (CAGR) of 13.7%. This growth during the projected period can be ascribed to factors such as a surge in the introduction of new products, a rise in minimally invasive surgeries, the growing occurrence of chronic illnesses, and an escalation in healthcare spending. During the forecast period, substantial trends like the application of in-vivo robots and nanobots in surgical services, the advent of new technologies, an upswing in mergers and acquisitions, and the incorporation of artificial intelligence in robotic surgical services are expected.

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Which Key Market Drivers Powering Robotic Surgery Services Market Expansion and Growth?
The growth of the robotic surgery service sector has been bolstered by the increasing purchasing power of hospitals and ambulatory care services. The desire to provide advanced care to patients and gain competitive superiority has sparked interest in the procurement of the latest tech. For instance, Intuitive Surgical, a prominent U.S. robotic surgical firm, reported that approximately 1,875,000 surgical procedures were conducted using da Vinci Surgical Systems in 2022, an 18% rise from the roughly 1,594,000 surgeries performed with the same system in the previous year. Furthermore, revenue from da Vinci Surgical Systems in the fourth quarter surged to approximately $1.66 billion in 2022, marking a 7% growth from $1.55 billion in 2021. Hence, the purchasing leverage of hospitals and ambulatory care services, the rising elderly population coupled with an increase in chronic diseases, have all played substantial roles in driving the robotic surgery services market forward.

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Which Fast-Growing Trends Are Poised to Disrupt the Robotic Surgery Services Market?
The blending of image-guided navigation systems with robotic surgical procedures expands the capacity for executing minimally invasive surgery in regions that were previously challenging, particularly in the realm of orthopedic and neurosurgical procedures. Systems such as Medtronic's Mazor X Stealth, NuVasive's Pulse, and Globus Medical's Excelsius GPS harness the power of image-guided navigation to facilitate spine surgeries and orthopedic implant operations, including comprehensive, partial knee, and hip replacements, by giving surgeons a 3D visualization. The image-guided navigation method diminishes the impact of radiation and eliminates the need for patients to undergo post-procedure X-rays. These factors suggest that image-guided navigation systems are likely to become a significant trend in the provision of robotic surgery services.

What Are the Emerging Segments in the Robotic Surgery Services Market?
The robotic surgery services market covered in this report is segmented -

1) By Component: Systems, 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).

Subsegments:
1) By Systems: Surgical Robotic Systems, Robotic Surgical Platforms For Specific Procedures
2) By Accessories: Surgical Instruments, Disposable And Reusable Accessories, Vision And Imaging Systems
3) By Services: Maintenance And Repair Services, Training And Education Services, Technical Support Services, Consulting Services

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Who Are the Global Leaders in the Robotic Surgery Services Market?
Major companies operating in the robotic surgery services market include 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, Asensus Surgical, Intuitive, Medrobotics Corporation, Smith & Nephew, Restoration Robotics, Hansen Medical, Stryker Corporation, Mazor Robotics, Renishaw Plc, Stereotaxis Inc, Accuray Incorporated, Corindus, InTouch Health Inc.

Which are the Top Profitable Regional Markets for the Robotic Surgery Services Industry?
North America was the largest region in the robotic surgery services market in 2024. Western Europe was the second largest region in the global robotic surgery services market share. 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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