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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Intuitive Surgical is an America medication company which was founded in 1995 and is currently headquartered in California. The company has been focussing on minimally invasive medical treatment procedures along with end-to-end learning procedures. The company has an employee base of more than 9,000.
Stryker is one of the leading med-tech companies around the world and offers products aimed towards catering to the demands related to orthopaedics, surgical, and neurotechnological, applications among others. Stryker was founded in the year 1941 and is headquartered in Michigan, United States.
Smith & Nephew is a renowned medical manufacturing company which was founded in 1856. It currently operates in Kingston upon Hull, United Kingdom. This medical technology company caters to the demand of healthcare units across 100 countries. Smith & Nephew is dedicated towards research and development aimed towards progressive product launches.
Other market players include Accuray Incorporated, CMR Surgical Ltd., and Medtronic, among others.
Robotic Surgical Procedures Market Report Snapshots
Robotic Surgical Procedures Market Size
Robotic Surgical Procedures Market Trends
Robotic Surgical Procedures Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market for robotic surgical procedures reached a value of more than USD 6.96 billion in 2023.
The market is estimated to grow at a CAGR of 18.7% in the forecast period of between 2024 and 2032.
The rapid transition from traditional manual surgical methods towards automated surgical procedures, upgradations and innovations by the major med-tech companies, and increasing inclination towards minimally invasive treatment procedures, are the key drivers of the robotic surgical procedures market.
The key trends in the market include the favourable digital initiatives by the emerging economies and increasing prevalence of chronic diseases requiring surgery.
Coronary artery bypass, removal of cancerous tissue, hip replacement surgery, and kidney removal, among others, are some of the common robotic surgical procedures.
Most of the robotic surgical procedures take around two to three hours.
Typically, one night hospital stay is enough after a robotic surgical procedure.
Yes, robotic surgical procedure is considered safer than the regular surgery, because of high precision and lower invasion.
Surgeons prefer robotic surgical procedures due to greater precision, higher accuracy, better control during operation, and lower hospitalisation time.
Intuitive Surgical, Stryker, Smith & Nephew, Accuray Incorporated, CMR Surgical Ltd., Medtronic, Johnson & Johnson Services, Inc., Zimmer Biomet, avateramedical GmbH and Others, are the key market players, according to the report.
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