Robotic Surgery Services Market Size, Share, Growth, Trends, and Global Industry Analysis: By Component (Robot Systems, Instruments and Accessories), By Application (Orthopedic Surgery, Neurosurgery, General Surgery, Gynecology Surgery, Urologic Surgery, Others), By End-user (Hospitals, Ambulatory Surgical Centers (ASCs)) and Region  

Robotic Surgery Services Market size was valued at US$ 6,176.8 million in 2022 and is poised to grow at a significant CAGR of 17.5% from 2023-2029. Surgical robots are employed in minimally invasive operations because they allow for accurate manipulation of surgical tools in a limited operating environment. Robotic surgery, also known as robot-assisted surgery, enables healthcare professionals to execute various complicated procedures with more control, flexibility, and precision. Based on the end user, the market is segmented into hospitals and ambulatory surgical centers. Among these, the hospital segment accounts for holding the highest share in the forecasting period owing to rising healthcare costs in several economies. To increase the quality service of care and patient outcomes, hospitals are outfitted with modern surgical robots. Moreover, the market players are focusing on launching new products, collaborating, and acquiring. The growing aging population, at higher risk for prostate cancer, valvular disorders, endometriosis, and other diseases, coupled with the Rising number of surgical procedures across the globe are the few factors driving the surgical robotic systems Market. Furthermore, the growing prevalence of degenerative bone diseases and the growing number of knee and hip replacement surgeries due to the rising cases of arthritis and osteoporosis are the significant factors expected to fuel the market growth.  

Robotic Surgery Services Market  Key Developments:

• In January 2021, Stryker, an American medical technology corporation, acquired OrthoSensor and its Verasense intraoperative sensor tech to enhance the ortho giants Mako robots.
• In January 2021, The US-based TransEnterix received CE Mark approval for its Intelligent Surgical Unit that adds AI-based capabilities and enables machine vision capabilities on TransEnterixs Senhance robotic surgery system.
• January 2020, The American-based Sytrker Corporation received regulatory approval for the Mako robotic surgery system in Japan for partial knee indication.