Robotic-assisted Surgery Systems Market, By Product Type (Surgical Robot and Navigation System), By Application (Gynecological Surgery, Cardiovascular, Neurosurgery, Orthopedic Surgery, Laparoscopy, Urology, and Other Applications), By End User (Hospitals, Ambulatory Surgery Centers, and Other End Users), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Mar 2023

Code : CMI5618

Pages :172

Formats :

Excel and PDF

Industry : Medical Devices

Robotic-assisted Surgery Systems MarketSize and Trends

The global robotic-assisted surgery systems market was valued at US$ 9,170.4 Mn in 2022 and is forecast to reach a value of US$ 27,352.8 Mn by 2030 at a CAGR of 16.9% between 2023 and 2030. The global robotic-assisted surgery systems market is experiencing strong growth due to the increase in prevalence of chronic diseases and increase in number of surgical procedures around the world. Moreover, growing preference for minimally invasive surgeries and rise in adoption of surgical robots worldwide is expected to boost the growth of the market. However, factors such as high cost of robotic devices and stringent regulatory processes are expected to hamper growth of the global robotic-assisted surgery systems market.

Global Robotic-assisted Surgery Systems Market Trends:

Introduction of insurance schemes is a recent trend

The introduction of insurance schemes by governments, such as Ayushman Bharat by the Indian Government, is expected to increase the usage of robotic surgical systems. The scheme is expected to cover about ten crore families below the poverty line. With such schemes in place, more patients will be able to afford robotic-assisted surgery, increasing the adoption of robotic-assisted surgical systems (surgical robots) worldwide. This trend is expected to continue over the forecast period, driving the robotic-assisted surgery systems market growth.

Technological advancements is another trend

Technologies such as artificial intelligence, big data, and various other technological advances are becoming commonly accepted ways to deal with and treat a wide variety of conditions and medical applications such as surgery. Moreover, various other initiatives are being taken by the government and other organizations across the globe to create awareness and promote the adoption of robotic-assisted systems (surgical robots). This trend is also expected to continue over the forecast period, driving the growth of the robotic-assisted surgery systems market.