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Medical Robots Market Overview (2022 to 2032)

The global medical robots market was valued at around US$ 8.5 Billion at the end of 2021. The market is projected to register a 20.1% CAGR and top a valuation of US$ 63.7 Billion by 2032.

“The upsurge in the demand for the minimally invasive procedures and increasing technological advancements in the products is expected to propel the medical robots market.”

Medical robots are professional service robots that are employed both inside and outside of hospitals to raise the standard of care provided to patients. It helps surgeons to perform operations with more precision. They reduce the workload of medical staff, allowing them to spend additional time to directly caring for patients, while also developing a significant operational procedure that offers efficacy and low-cost investments in healthcare amenities. This is one of the growing sectors to perform a wide range of medical robot applications including laparoscopy, neurosurgery, cardiology, and orthopedic surgery.

Attributes Details
Medical Robots Market Value in 2021 US$ 8.5 Billion
Medical Robots Market Value in 2032 US$ 63.7 Billion
Medical Robots Market CAGR (2022 to 2032) 20.1%

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What are the Major Drivers Boosting the Demand for Medical Robots Market?

The market will rise as a result of rapid technological advancement including robotic catheter control systems (CCS), data recorders, HD surgical microscopic cameras, motion sensors, 3D-imaging, remote navigation, HD surgical microscopic cameras, remote navigation, and data analytics. Additionally, the increasing number of innovative products receiving FDA approvals would inevitably boost the global medical robots market. Furthermore, key drivers of market expansion are the increased demand for precise laparoscopic procedures and the rising incidence of trauma injuries.

Robotic minimally invasive surgery is becoming increasingly popular, largely as a result of its benefits, which include fewer cuts, smaller incisions, decreased discomfort, reduced scarring, increased safety, and faster recovery rates.

Which Region Shows Strong Growth Potential in the Medical Robots Market?

North America held the largest share in the global medical robots market owing to the implementation of advanced technologies such as capsule robots, imaging systems and developed software. Furthermore, one of the factors contributing to the growth of the North American medical robots market is the increasing demand for automated medical processes.

Apart from North America, the European market is also anticipated to grow at a rapid pace, owing to the increasing demand for robotic devices, an increasing geriatric population with weak bone density levels, rising patient awareness

Furthermore, the Asia Pacific region is also expected to uplift the revenue of the medical robots market. The rising government investments in the healthcare infrastructure, injuries encountered during accidents, and penetration of minimally invasive surgeries, are expected to anticipate the growth of the market during the forecast period.

Sabyasachi Ghosh
Sabyasachi Ghosh

Principal Consultant

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Who are the Key Manufacturers in the Medical Robots Market?

iRobot Corporation, Medrobotics Corporation, Titan Medical Inc., Renishaw Plc, Health Robotics SLR, OR Productivity plc, Intuitive Surgical, Mako Surgical Corp., Varian Medical Systems, Stereotaxis Inc., Mazor Robotics, Medtronic, Stryker, Zimmer Biomet, Smith & Nephew.

Scope of Report

Report Attributes Details
Growth Rate CAGR of 20.1% 2022 to 2032
Base Year for Estimation 2021
Historical Data 2017 to 2021
Forecast Period 2022 to 2032
Qualitative Units Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segment Covered
  • Product
  • Application
  • End User
  • Region
Region Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa (MEA)
Key Countries Profiled
  • The USA
  • Canada
  • Brazil
  • Mexico
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel
Key Players
  • iRobot Corporation
  • Medrobotics Corporation
  • Titan Medical Inc.
  • Renishaw Plc
  • Health Robotics SLR
  • OR Productivity plc
  • Intuitive Surgical
  • Mako Surgical Corp.
  • Varian Medical Systems
  • Stereotaxis Inc.
  • Mazor Robotics
  • Medtronic
  • Stryker
  • Zimmer Biomet
  • Smith & Nephew
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Key Segments Covered in the Medical Robots Industry Survey

By Product:

  • Instruments and Accessories
  • Surgical Robots
  • Assistive Robots
  • Hospital and Pharmacy automation robots

By Application:

  • Neurology Applications
  • Orthopaedic Applications
  • Cardiology Applications
  • Laparoscopic Applications
  • Pharmacy Application
  • Others

End User:

  • Hospitals
  • Ambulatory Surgery Centers
  • Rehabilitation Centers
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East and Africa (MEA)

Frequently Asked Questions

What is the Growth Outlook for the Global Medical Robots Market?

The global medical robots market is anticipated to register a CAGR of 4.1% during the forecast period.

Who are the Prominent Players in the Medical Robots Market?

iRobot Corporation, Medrobotics Corporation, Titan Medical Inc., Renishaw Plc, Health Robotics SLR, OR Productivity plc, Intuitive Surgical, Mako Surgical Corp., Varian Medical Systems, Stereotaxis Inc., Mazor Robotics, Medtronic, Stryker, Zimmer Biomet, Smith & Nephew among others are some prominent medical device technologies market players.

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