The Global Medical Robots Market was valued at USD 10.11 Bn in 2021 and is expected to reach USD 22.89 Bn by 2030, recording a 14.4% CAGR during the forecast period. The primary factor influencing market growth is the expansion of robot-assisted training in rehabilitation therapy.
Other factors contributing to the growth of the medical robot market include technological innovations, rising payments and funding for medical robot startups, and the rise in patient demand for minimally invasive procedures.
Medical robots are professional service robots that are used within and outside of hospitals in order to improve the quality of patient care. As a result, it lowers the workload of the healthcare workforce and frees up more time for providing direct patient care.
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Major operational procedures are also established, which boosts productivity and lowers the cost of investing in healthcare facilities. As they allow surgeons to do less invasive treatments while operating surgical instruments or catheters inside the patient’s body with greater dexterity, medical robots are a relatively recent development in the field of medicine.
Key Market Players to Focus on Product Launches to Gain Traction in the Market
Key players dominating the global medical robots market are focusing on various business strategies in order to gain traction in the market which includes partnerships, collaborations, agreements, product launches, product expansion, and mergers & acquisitions.
Some of the major key players leading the medical robots market include:-
- Accuray Incorporated
- ARxIUM
- Asensus Surgical Inc.
- BD
- Capsa Healthcare
- Ekso Bionics
- Hocoma
- Intuitive Surgical
- Medtronic
- Omnicell, Inc.
- Smith & Nephew
- Stryker
- Zimmer Biomet
- Others
SEGMENTATION
By Application
- Cardiology
- Neurology
- Laparoscopic
- Orthopedic
- Others
By End User
- Hospitals
- Ambulatory Surgery Centers
- Rehabilitation Centers
- Others
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By Offering
Robotic Systems
– Surgical Robots
– Rehabilitation Robots
– Telemedicine Robots
– Pharma Robots
– Medical Service Robots
– Others
Instrument & Accessories
Surgical Robots Segment to Lead the Market Owing to its Ability to Provide Patients with Advanced Care
On the basis of the offering segment, the global medical robots market is segmented into robotic systems, instruments & accessories. The robotic systems are further divided into surgical robots, medical service robots, telemedicine robots, rehabilitation robots, pharma robots, and others. The surgical robots segment held the largest share of the global medical robots market in 2021 due to its ability to provide patients with more advanced care and less downtime.
Through tiny incisions, a highly skilled surgeon performs the procedure using robotic technology; however, other organs, including the bladder, prostate, and digestive system, can also be treated with robotic surgery. The benefits of robotic systems, such as less blood loss, shorter hospital stays, and faster recovery times, are boosting this market’s revenue growth.
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Increase in Surgical Procedures to Drive the Medical Robots Market Growth
The market growth of the global medical robot market is projected to be aided by the increase in surgical procedures and healthcare costs. These days, robots help medical practitioners and enhance patient care in addition to being used in operational contexts. A range of surgical procedures is increasingly using robotic surgery.
Minimally invasive operations, often known as MIS, are becoming more popular as they require fewer incisions and enable patients to recover more quickly. These procedures demonstrate quicker healing and less suffering, which is why people prefer them over traditional surgeries, therefore contributing to the growth of the medical robotics market.
By Region
- North America
- Europe
- Asia-Pacific
- South America
- The Middle East and Africa
Rapid Adoption of Robotic Surgery to Propel Market Growth in North America
North America is predicted to hold the largest share of the global market for medical robots due to the rapid adoption of robotic surgery, in particular, for a range of treatments in the United States. It has gradually surpassed conventional laparoscopic surgery and is gaining popularity for procedures that require open surgery, such as prostatectomy.
As hospitals compete to offer the most advanced technologies, aggressive marketing has contributed to this significant growth in the region. Robotic surgery rates, for instance, rose from 1.8% to 15.1% between 2012 and 2018, according to a National Library of Medicine article.
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Key Developments –
- June 2022- Accuray Incorporated worked in partnership with Limbus AI Inc in order to enhance Accuray’s adaptive radiotherapy solutions by employing Limbus’s cutting-edge AI-driven technology.
- September 2020- A notable accomplishment for Mako SmartRobotics, Stryker announced the installation of its 1,000th Mako System.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Medical Robots Market
Chapter 5. Global Medical Robots Market Overview, By Offering, 2017 – 2030(USD Mil-lion)
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