Surgical Robotic Services Market Size, Share & Trends Analysis Report By Application (Orthopedics, Neurology, Urology, Gynecology, Others), By End-Use (Inpatient, Outpatient), By Region, And Segment Forecasts, 2024 - 2030
Surgical Robotic Services Market Growth & Trends
The global surgical robotic services market size is expected to reach USD 3.73 billion by 2030, according to a new study by Grand View Research, Inc. Surgical robotic services are crucial within the healthcare industry, as it is dedicated to providing maintenance, cleaning, training, and education services for surgical robotic systems. These services are essential in ensuring the optimal functionality, hygiene, and safety of sophisticated robotic surgical platforms utilized in various medical procedures. The expanding application of surgical robots for various surgical procedures and increased demand for training and educating services of the healthcare staff are some of the major factors driving the surgical robotic services market.
The presence of a surgical robot in the operating room presents a distinctive challenge concerning team communication and risk management, highlighting the importance of developing non-technical skills. Moreover, research in open surgery has revealed that a considerable portion (86%) of adverse surgical events is caused due to system errors rather than technical capabilities. Particularly, around 40% of intraoperative errors are attributed to communication breakdowns. This highlights the imperative role of training and educating professionals on surgical robots, ensuring proficiency, and enhancing patient care, thus increasing the demand for surgical robotic services thereby driving the market growth.
Furthermore, market-leading companies are actively engaged in offering comprehensive services to ensure the seamless maintenance of surgical robots, driving market expansion. For example, Intuitive Surgical provides Da Vinci Complete Care, offering a proficient support team for prompt response, connectivity solutions, regular maintenance, and an easily accessible online customer portal. They also extend Da Vinci Premium Care tailored for high-volume surgery programs, along with a specialized plan for low-volume programs. This strategic approach of providing encompassing service packages underscores the commitment to enhancing the operational efficiency and longevity of surgical robotic systems, fostering market growth. As surgical robots continue to gain prominence in surgical practices globally, the demand for specialized services to support their efficient operation, longevity, and the competence of healthcare professionals is on the rise.
Other segments dominated the global market in 2023. The neurology segment is expected to grow fastest over the forecast period.
The inpatient facilities dominated the end-use segment, with the largest revenue share in 2023, as they have comprehensive infrastructure and resources to integrate and utilize surgical robots effectively.
North America dominated the market and contributed the highest revenue share in 2023, owing to technological advancements and medical device innovations, including surgical robots.
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Chapter 1. Methodology and Scope
1.1. Information Procurement
1.2. Information Or Data Analysis
1.3. Market Scope & Segment Definition
1.4. Market Model
1.4.1. Market Study, By Company Market Share
1.4.2. Regional Analysis
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/Ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenges
3.3. Industry Analysis Tools
3.3.1. Porter’s Five Forces Analysis
3.3.2. PESTEL Analysis
3.3.3. COVID-19 Impact Analysis
Chapter 4. Application Business Analysis
4.1. Surgical Robotic Services Market: Application Movement Analysis