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In 2022, the market for medical robots was estimated to be worth USD 10.18 billion. At a CAGR of 15.4%, the market is anticipated to increase by USD 22.89 billion in 2030.
Medical robots are professional service robots used both within and outside of hospitals to enhance patient care. Less work is placed on the medical personnel, which gives them more time to devote to directly caring for patients. The establishment of significant operational procedures also increases productivity and reduces the expense of investing in healthcare facilities. Medical robots are a relatively recent invention in the world of medicine because they enable surgeons to do less intrusive procedures while manipulating surgical instruments or catheters inside the patient's body with more dexterity. The most important advantages of medical robots are their increased success rates and their ability to perform effective surgeries more quickly and precisely within predefined limits. Medical robots also provide accurate patient monitoring, a lower risk of infection, and other benefits.
AI, IoT, and cloud-based technologies are enabling a rise in automated workflow in the medical industry. Rising demand for robots in the healthcare industry is being driven by the innovative development of pharmaceutical and medical applications, underpinned by cutting-edge technology. For instance, Intel will collaborate with a number of tech firms and academics to develop the upcoming robotics technology.
As surgical procedures and healthcare expenditures rise, it is projected that the global market for medical robots would grow. Robots are now used in operational settings as well as to supplement medical staff and improve patient care. Robotic surgery is being used more frequently for a variety of surgical procedures. Robotic surgery is being used more frequently for a variety of surgical procedures. Globally, there is a growing demand for robotically assisted surgeries due to the expanding use of surgical robots in developing countries.
The expensive robotic assisted surgery procedure will definitely prevent the global market for medical robots from growing. The results of surgery for kidney tumours and rectal malignancies are not improved by robotic-assisted surgery, which is significantly more expensive than other minimally invasive methods. Concerns have also been raised concerning robotic surgery's quick proliferation in regions with no supporting data. For instance, the cost of the most widely used robotic system, the da Vinci system, ranges from USD 1.0 million to USD 3.0 million per unit, while the cost of the robotic system for radiosurgery, the CyberKnife, ranges from USD 4.2 to USD 5.2 million per unit.
Report Coverage
Global Medical Robots research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Medical Robots report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Medical Robots competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Medical Robots market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Medical Robots market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Medical Robots market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Accuray Incorporated, ARxIUM, Asensus Surgical Inc., BD, Capsa Healthcare, Ekso Bionics, Hocoma, Intuitive Surgical, Medtronic, Omnicell, Inc., Smith & Nephew, Stryker, Zimmer Biomet, Others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Medical Robots market based on the below-mentioned segments:
Global Medical Robots Market, By Offering
Global Medical Robots market, By Application
Global Medical Robots Market, By End User
Global Medical Robots market, Regional Analysis
Medical robots are professional service robots used both within and outside of hospitals to enhance patient care. Less work is placed on the medical personnel, which gives them more time to devote to directly caring for patients. The establishment of significant operational procedures also increases productivity and reduces the expense of investing in healthcare facilities. Medical robots are a relatively recent invention in the world of medicine because they enable surgeons to do less intrusive procedures while manipulating surgical instruments or catheters inside the patient's body with more dexterity. The most important advantages of medical robots are their increased success rates and their ability to perform effective surgeries more quickly and precisely within predefined limits. Medical robots also provide accurate patient monitoring, a lower risk of infection, and other benefits.
AI, IoT, and cloud-based technologies are enabling a rise in automated workflow in the medical industry. Rising demand for robots in the healthcare industry is being driven by the innovative development of pharmaceutical and medical applications, underpinned by cutting-edge technology. For instance, Intel will collaborate with a number of tech firms and academics to develop the upcoming robotics technology.
As surgical procedures and healthcare expenditures rise, it is projected that the global market for medical robots would grow. Robots are now used in operational settings as well as to supplement medical staff and improve patient care. Robotic surgery is being used more frequently for a variety of surgical procedures. Robotic surgery is being used more frequently for a variety of surgical procedures. Globally, there is a growing demand for robotically assisted surgeries due to the expanding use of surgical robots in developing countries.
The expensive robotic assisted surgery procedure will definitely prevent the global market for medical robots from growing. The results of surgery for kidney tumours and rectal malignancies are not improved by robotic-assisted surgery, which is significantly more expensive than other minimally invasive methods. Concerns have also been raised concerning robotic surgery's quick proliferation in regions with no supporting data. For instance, the cost of the most widely used robotic system, the da Vinci system, ranges from USD 1.0 million to USD 3.0 million per unit, while the cost of the robotic system for radiosurgery, the CyberKnife, ranges from USD 4.2 to USD 5.2 million per unit.
Report Coverage
Global Medical Robots research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Medical Robots report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Medical Robots competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Medical Robots market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Accuray Incorporated, ARxIUM, Asensus Surgical Inc., BD, Capsa Healthcare, Ekso Bionics, Hocoma, Intuitive Surgical, Medtronic, Omnicell, Inc., Smith & Nephew, Stryker, Zimmer Biomet, Others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Medical Robots Market from 2021 to 2030.
- Market Forecast for Medical Robots Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Medical Robots competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Medical Robots
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Medical Robots market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Medical Robots market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Accuray Incorporated, ARxIUM, Asensus Surgical Inc., BD, Capsa Healthcare, Ekso Bionics, Hocoma, Intuitive Surgical, Medtronic, Omnicell, Inc., Smith & Nephew, Stryker, Zimmer Biomet, Others
Primary Target Market
- Market Players of Medical Robots
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Medical Robots market based on the below-mentioned segments:
Global Medical Robots Market, By Offering
- Surgical Robots
- Rehabilitation Robots
- Telemedicine Robots
- Pharma Robots
- Medical Service Robots
- Others
Global Medical Robots market, By Application
- Cardiology
- Neurology
- Laparoscopic
- Orthopedic
- Others
Global Medical Robots Market, By End User
- Hospitals
- Ambulatory Surgery Centers
- Rehabilitation Centers
Global Medical Robots market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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