How Has The Robotic Surgery Services Market Size Evolved Historically?
The robotic surgery services market has seen considerable growth due to a variety of factors.
• The market size for robotic surgery services has seen a swift expansion in past years. The growth is expected to shoot up from $1.2 billion in 2024 to $1.41 billion in 2025 with a compound annual growth rate (CAGR) of 17.5%.
The escalation during the historical period can be credited to the surge in utilization of surgical robots, expansion in the count of healthcare institutions, conducive government regulations, amplified healthcare expenditure and the fast-paced growth of the senior citizen population.
What Is The Projected Growth And Market Size For The Robotic Surgery Services
The robotic surgery services market is expected to maintain its strong growth trajectory in upcoming years.
• The market for robotic surgery services is anticipated to experience a swift expansion in the coming years, reaching $2.36 billion in 2029 with a compound annual growth rate (CAGR) of 13.7%.
The surge in projected growth is linked to the rising introduction of new products, the popularity of minimally invasive procedures, a growing epidemic of chronic illnesses, and increased healthcare spending. Key trends predicted for this period include the use of in-vivo robots and nanobots in surgical services, advancements in technologies, a rise in merger and acquisition activities, and the integration of artificial intelligence in robotic surgery services.
What Are The Essential Drivers Behind The Growth Of The Robotic Surgery Services Market?
The heightened buying capability of hospitals and ambulatory care services has stimulated growth in the robotic surgery service market. Driven by a desire for cutting-edge technology to provide superior patient care and gain a competitive advantage, these entities are making significant investments. For example, Intuitive Surgical, an American robotically-assisted surgery titan, reported that approximately 1,875,000 surgical procedures were carried out using da Vinci Surgical Systems in 2022, an 18% increase compared to the 1,594,000 surgeries in the previous year. Moreover, the company's revenues from da Vinci Surgical Systems grew 7% in the fourth quarter to approximately $1.66 billion in 2022, from $1.55 billion in 2021. Consequently, the combined elements of stronger buying power from hospital and ambulatory care services, increasing senior population, and the prevalence of chronic disease have collectively boosted the robotic surgery services market's growth.
What Are The Main Segments Of The Global 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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What Emerging Trends Are Influencing The Growth Of The Robotic Surgery Services Market Landscape?
The integration of image-guided navigation systems with robotic surgery platforms extends the potential for carrying out minimally invasive procedures in previously challenging areas, with a particular focus on orthopedic and neurosurgical procedures. Systems such as Medtronic's Mazor X Stealth, along with NuVasive's Pulse and Excelsius GPS by Globus Medical utilize image-guided navigation systems in procedures such as spinal and orthopedic implant surgeries, including full and partial knee and hip replacements. These systems offer surgeons a 3D perspective, and with radiation levels reduced, there's no need for patients to undergo post-operation X-ray examinations. The implication of such factors suggests that image-guided navigation systems will become an emerging trend in robotic surgery services.
Who Are the Key Players 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.
What Is The Most Dominant Region In The Robotic Surgery Services Market?
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
