The global robotic surgery devices market size is expected to grow from $5.21 billion in 2021 to $6 billion in 2022 at a compound annual growth rate (CAGR) of 15.2%. The global robotic surgery device market size is expected to grow to $10.17 billion in 2026 at a CAGR of 14.1%.
What is the Global Robotic Surgery Devices Market?
The robotic surgery devices market consists of sales of robotic systems, instruments, and accessories and services related to the robotic surgery devices market. Robotic surgery devices are advanced surgical devices compared to traditional laparoscopic surgery devices. These devices are used for Minimally Invasive (MI) surgeries in the eye, brain, heart, and other parts of the body. The robotic surgery devices are more cost-effective and introduced to reduce complications, pain, reoperations, etc.
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What drives the Global 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.
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Global Robotic Surgery Devices Market Segments
The global robotic surgery devices market is segmented:
By Product and Service: Robotic Systems, Instruments and Accessories, Services
By Surgery Type: Urological Surgery, Gynecological Surgery, Orthopedic Surgery, Neurosurgery, Others
By End-User: Hospitals, Ambulatory Surgery Centers
By Geography: The regions covered in the robotic surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Robotic Surgery Devices Global Market Report 2022provides market size and growth forecasts for the global robotic surgery devices market, global robotic surgery devices market share, robotic surgery devices market segments and geographies, robotic surgery devices market competitive landscape including leading competitors’ revenues, profiles and market shares. The robotic surgery devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Robotic Surgery Devices Industry Playersinclude Intuitive Surgical, Stryker, Medtronic, Smith & Nephew, TransEnterix, Mazor Robotics, Medrobotics, Accuray, THINK Surgical, and TINAVI Medical Technology Co. Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
