Robotic surgery is performed on the robotic surgical systems which are composed of surgeon’s console, monitoring system, and surgical arms and software. These surgical systems are used to perform complicated surgeries such as neurosurgery, hernia repair, orthopedic surgery etc. The surgical procedures are performed by a surgeon with the help of console and robotic arms. Sigle use instruments and accessories are attached to the robotic arms and surgeries are performed.

The robotic surgery market was valued at USD 4.1 billion in 2018 and is expected to reach USD 8.2 billion in 2026, growing at a CAGR of 9.6% during the forecast period.

Driving Factors
The growth of the robotic surgery market is primarily driven by increasing adoption of advanced tool and techniques for surgical procedures, increasing investment by manufacturers and government for research and development activities and growing need for improved services across the globe. In addition, the growing trend of artificial intelligence and robotics in healthcare sector boost the growth for the robotic surgery market.

Restraining Factors
However, the high cost associated with the robotics systems and the surgical procedures, availability of cheaper surgical alternatives and lack of trained surgeon on robotic systems might hamper the growth of this market to some extent during the forecast period.

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Top Key Players
The major players operating in the global robotic surgery market are Intuitive Surgical (US), Stryker (US), and Mazor Robotics (US). Other players involved in this market are Hansen Medical (US), Smith & Nephew (UK), THINK Surgical (US), Medrobotics (US), Medtech (France), Renishaw (UK), and. TransEnterix (US), among others.
By Component: Instruments & Accessories, Robotic Systems, Services

By End User: Hospitals, Ambulatory Surgical Centers

By Application: General Surgery, Orthopedic Surgery, Gynecological Surgery, NeuroSurgery, Urological Surgery, Other Surgery

North America accounted for nearly 35% share of the robotic surgery market in 2018 and is expected to dominate the market throughout the forecast period followed by Europe. The growth of this region is attributed to the early adoption of advanced tools and technology in the healthcare sector, favorable government regulations and increasing incidences of chronic diseases which needs surgical procedures as a treatment option.

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