Global Robotic Surgery Services Market Trends And Strategies

21 Jul, 2020

The global robotic surgery services market is expected to decline from $0.71 billion in 2019 to $0.57 billion in 2020 at a rate of -19%. The decline is mainly due to the COVID-19 outbreak, resulting in other patients delaying their episodes of care. The market is then expected to recover and reach $1.03 billion in 2023 at a rate of about 21.5%. The purchasing power of hospital and ambulatory care services coupled with the increase in the geriatric population and prevalence of chronic illness have contributed to the growth of robotic surgery services market. However, safety concerns regarding the use of robotic surgery services are likely to cause a hindrance to the market.

The robotic surgery services market consists of the sale of services provided robotic surgical technology, a highly advanced technological form of non-invasive surgery that utilizes robots and computer systems to conduct surgeries with lesser incision and more precision. The commonly used robotic surgical system consists of a mechanical arm and camera arm attached to surgical instruments controlled by a surgeon being seated at a computer console which is usually in the same room as the surgical table, or can be anywhere in the world.

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The global robotic surgery services market is further segmented based on type and geography.
By Application Into General Surgery; Urological Surgery; Gynecological Surgery; Orthopedic Surgery; Neurosurgery; Other Applications
By End-Users: Hospitals; Ambulatory Surgery Centers (ASCS)
By Geography: The global robotic surgery services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American robotic surgery services market accounts for the largest share in the global robotic surgery services market.

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Trends In The Robotic Surgery Services Market
Image guide navigation systems combined with robotic surgery systems offer more possibility to visualize and perform minimally invasive surgery in areas which were earlier difficult, especially in orthopedic surgeries and neurosurgeries.
Robotic Surgery Services Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides robotic surgery services market overviews, analyzes and forecasts robotic surgery services market size and growth for the global robotic surgery services market, robotic surgery services market share, robotic surgery services market players, robotic surgery services market size, robotic surgery services market segments and geographies, robotic surgery services market trends, robotic surgery services market drivers and robotic surgery services market restraints, robotic surgery services market’s leading competitors’ revenues, profiles and market shares. The robotic surgery services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.