The Global Robotic Surgery Services Market Report by The Business Research Company covers robotic surgery services market drivers and restraints, robotic surgery services market size, major players, and the impact of COVID-19 on the robotic surgery services market.
The robotic surgery services market consists of the sale of services provided robotic surgical technology, the 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 with a controlled by a surgeon being seated at a computer console which is usually in the same room as the surgical table, or can be around the world.
Increase in purchasing power of hospitals and ambulatory care services has helped in the growth of the robotic surgery service market.
The global robotic surgery services market is expected grow from $0.57 billion in 2020 to $0.75 billion in 2021 at a compound annual growth rate (CAGR) of 31.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.49 billion in 2025 at a CAGR of 19%.
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Some robotic surgery services market trends include image guide navigation systems combined with the robotic surgery systems, which offer more possibility to visualize and perform minimally invasive surgery in areas which were earlier difficult, especially orthopaedic surgeries and neurosurgeries. The Mazor X Stealth system by Medtronic, and the NuVasive’s Pulse and Excelsius GPS by Globus Medical, among others use image guided navigation system to perform spine surgeries, and orthopaedic implant surgeries such as total, partial knee and hip replacements as they provide the surgeon with 3D experience. The image-guided navigation reduces the radiation effects and patients do not require to take an X-Ray after the procedure. These factors state that the image guided navigation system is expected to be a trend in robotic surgery services.
Global robotic surgery services market segments include:
1) By Application: General Surgery, Urological Surgery, Gynecological Surgery, Orthopedic Surgery, Neurosurgery, Other Applications.
2) By End-User: Hospitals, Ambulatory Surgery Centers (ASCs).
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Robotic Surgery Services Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides robotic surgery services market overviews, analyzes and forecasts market size, share, robotic surgery services market players, robotic surgery services market segments and geographies, 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.
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Read Robotic Surgery Services Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Intuitive Surgical Inc, Stryker Corporation, Medrobotics Corporation, Johnson & Johnson, Globus medicals, NuVasive, Smith & Nephew plc, Titan Medical Inc, TransEnterix Inc, University of Pittsburgh Medical Center, Rutland Medical Center, Huntington Hospital, Washington Hospital Healthcare System, The Ottawa Hospital, Michael’s Hospital, Charité – Universitätsmedizin Berlin, Ipswich Hospital, Apollo Hospitals Enterprise Limited, HealthCare Global Enterprises Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Robotic Surgery Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The robotic surgery services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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