The robotic surgery devices market was valued at 5.1 billion dollars worldwide in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.1% over the course of the forecast period. Technological developments and rising demand for minimally invasive procedures are major factors driving market expansion.

The integration of AI and machine learning is improving decision-making, increasing precision, and decreasing errors. The market is expanding rapidly because to rising demand for minimally invasive procedures, which patients prefer since they cause less discomfort, require fewer hospital stays, and speed up recovery. The need for precision surgery is being driven by an aging population and an increase in the prevalence of chronic diseases. Robotic-assisted operations are becoming more common as the number of older people rises.

 

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Growth Drivers

The market is growing as a result of increased hospital acceptance and investment, government backing, and regulatory approvals. In order to integrate robotic technologies, hospitals are increasingly collaborating with Medtech companies. The expansion of surgical training programs for robotic treatments is increasing the viability of adoption. quicker regulatory approvals for new robotic systems and healthcare regulations that facilitate insurance coverage for robotically assisted surgeries. The market is expanding at a substantial rate due to rising demand for general surgeries.

Prominent corporations such as CMR Surgical, Zimmer Biomet, Stryker, and Medtronic are developing new robotic platforms. The primary driver of market expansion is the emergence of AI-powered robotic assistants as well as the expansion of tele-surgery and remote robotic surgery made possible by 5G and high-speed connectivity.

Segmentation

By Application

·         Orthopedic

·         Obstetrics and Gynecological

·         Cardiovascular and Thoracic

·         Urology

·         General Surgery

·         Other Applications

By Product and Services

·         Surgical Instruments and Accessories

·         Robotic Systems

·         Services

By End-User

·         Hospitals

·         Ambulatory Surgical Centers

By Region

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         Stryker

·         Medtronic

·         Smith and Nephew

·         Intuitive Surgical

·         Zimmer Biomet

·         Johnson and Johnson

·         THINK Surgical

·         Siemens Healthineers

·         CMR Surgical

·         Asensus Surgical

·         Other Players

 

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