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Sunday, 14 April 2024
Thursday, 30 Nov 2023 12:00 am

Robotic Assisted Surgery Systems Market is expected to reach US$ 23,816.80 million by 2030

The global robotic assisted surgery systems market is projected to grow from USD 7,831.93 million in 2022 to USD 23,816.80 million by 2030.

By The Insight Partners

General Surgery Segment to Dominate Robotic Assisted Surgery Systems Market During 2022–2030 

According to our new research study on "Robotic Assisted Surgery Systems Market Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis," the robotic assisted surgery systems market size is projected to grow from US$ 7,831.93 million in 2022 to US$ 23,816.80 million by 2030; the market is anticipated to record a CAGR of 14.9% from 2022 to 2030. Growing demand for robotically assisted treatments, rising desire for minimally invasive surgery, and rising launches by industry players are driving the robotic assisted surgery systems market. However, the stringent regulatory processes and high cost of devices hinder the robotic assisted surgery systems market growth.

The robotic assisted surgery systems market is experiencing significant growth due to the increasing demand for novel therapies across a wide range of therapeutic areas. The popularity of robotically assisted surgical systems is increasing due to their ability to enable surgeons to carry out intricate procedures more skillfully and precisely. There is an increasing acceptance of robotic assistance across a range of medical specialties as surgeons become more accustomed to the technology and as the systems continue to advance. These systems are appealing due to the chances of fewer incisions, less blood loss, and faster patient recovery. Patients undergoing robotic surgeries recover within a shorter span and experience fewer complications after surgery due to their minimally invasive procedures. Thus, the growing inclination toward minimally invasive surgeries is anticipated to drive the demand for robotic assisted surgery systems in the coming years. According to an article published in Medicina 2023, more than 11 million robotic surgeries were performed worldwide with Intuitive Surgical Da Vinci robots as of the beginning of 2023, with over 7,500 platforms installed globally.

Robotic Assisted Surgery Systems Market, by Region, 2022 (%)

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00004753

Source: The Insight Partners Analysis

On the other hand, it is important to note that factors such as cost, staff training requirements, and the necessity of state-of-the-art technologies within the premises of healthcare facilities may hinder the adoption of robotic assisted surgery systems, especially in developing and cost-sensitive economies. 

Intuitive Surgical Inc., Stryker Corporation, Johnson & Johnson Inc., SRI International Inc., Accuray Incorporated, Renishaw PLC, Medtronic PLC, Brainlab, Smith & Nephew PLC, Globus Medical, and Zimmer Biomet are among the key players operating in the robotic assisted surgery systems market. The companies have been implementing organic (product launches, expansions, and product approvals) and inorganic (product launches, partnerships, and collaborations) strategies that contribute to their growth and lead to market transformation.

In August 2020, Apollo Health City in Hyderabad reported the completion of more than 500 robotically assisted gynecological procedures. Owing to the adoption of a minimally invasive approach, robotically assisted surgeries are less painful than open surgeries.

The report segments the robotic assisted surgery systems market as follows:

The robotic assisted surgery systems market is segmented on the basis of product type, application, and end user. Based on product type, the market is divided into systems, instruments and accessories, and services. By application, the robotic assisted surgery systems market is segmented into gynecological surgery, cardiovascular, neurosurgery, orthopedic surgery, laparoscopy, urology, general surgery, and others. The market, based on end user, is classified into hospitals, ambulatory surgery centers, and other end users. In terms of geography, the robotic assisted surgery systems market is divided into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

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