Medical Robots Market is projected to reach USD 28,340 Million by 2025, registering a healthy CAGR of 16.5% during the forecast period, owing to the increase in healthcare expenditure to offer better healthcare infrastructure, rising disposable income, and increasing automation levels in healthcare sectors.

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Key Drivers

Increasing adoption of medical robots in the healthcare industry to perform mechanical work and help medical staff stands to be a major factor propelling the medical robots’ market. Further, a significant increase in the technological innovation in medical equipment and accelerating expenditure on healthcare services are projected to expand the market growth. Besides, ongoing technological innovations including motion sensors, robotic catheter control systems (CCS), 3D-Imaging, data recorders, data analytics, HD surgical microscopic cameras, and remote navigation and rising approvals by FDA for products will strengthen the medical robots market size.

The increase in the demand for robotic minimally infectious surgeries because of the quick recovery period, fewer cuts, enhanced safety, and reduced pain to ensure accuracy will further surge the market growth. The growing healthcare expenditure for better healthcare infrastructure, accelerating geriatric population, and increasing automation levels in healthcare settings are projected to augment the adoption of medical robots, driving the market growth. The remarkable increase in the number of people undergoing various sorts of implant surgeries and the growing awareness towards the easy availability of robot-assisted rehab care services for patients will bolster the market growth. The incorporation of technologies like the Internet of Things and artificial intelligence (AI) into medical robots will propel the market growth. Furthermore, the strategic government and rising investment from private investors will fuel the market growth over the upcoming years. However, the high price of robotic systems, lack of trained surgeons to perform robotic surgery, and high maintenance and installation costs are some factors which might hamper the medical robotics market share.

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Type Segment Analysis

Telemedicine robots are projected to witness a promising CAGR over the upcoming years, owing to the growing deployment of 5G across the developing nations. The cost-efficiency of treatment and the need of minimal infrastructure have inclined the users towards telehealth treatment, driving the market growth. Telemedicine robots serve an important role in ongoing crisis primarily to treat remote location patients where the healthcare facilities are distance away, which is anticipated to propel the segment’s growth. The surgical robotics segment dominated the medical robotics market, owing to their augmenting adoption across Tier-1 hospitals, surging demand for highly effective replaceable components, rising volume of robotic procedures and increasing demand of instruments & accessories. Moreover, emerging need for automation in the healthcare industry and increasing inclination towards advanced robotic surgeries are forecast to augment the segment’s growth.

Application Segment Analysis

Neurology application in the medical robot’s market is likely to hold a higher share over the upcoming years, owing to the rising geriatric population, ongoing product innovations, and rising incidences of brain-related problems. For instance, as per the U.S. Bureau of Labor Statistics, the neurosurgical employment increased by around 22% in the last decade. The laparoscopy application predicted to lead the market during the forecast period. The increase in sugical laparascopic procedures and growing adoption of surgical robots are driving the market growth.

End-User Segment Analysis

Ambulatory surgical centers (ASCs) segment is predicted to hold a larger share in the medical robot’s market over the upcoming years. The growing adoption of ASCs owing to the lower treatment cost in ASCs as compared to hospitals, which will propel the segment’s growth. As per a recently published article, ASCs offer high-quality treatment and post-operative care services than hospitals.

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Regional Analysis

Asia Pacific is forecast to witness a higher share over the upcoming years, owing to the accelerating geriatric population. The expansion of healthcare infrastructure, growing penetration of minimally invasive surgeries, and increasing patient awareness are projected to propel the market growth. The augmenting adoption of advanced technologies such as imaging systems, developed software, and capsule robot systems to minimize the complexities in surgical interventions is forecast to propel the market growth. North America is likely to emerge as the fastest growing nation in the global medical robotics market during the forecast period, owing to growing demand for minimally invasive techniques, and predictable and efficient patient treatment. Factors such as rising per capita healthcare expenditure, economical robotic surgeries and innovative product offering by local players, rising research and development budgets of leading market players, will augment the medical robots market progression.

Top Market Players

Intuitive Surgical In., Stryker Corporation, Mazor Robotics are the major players of this market. Among others involved in this market include Accuray, Medtronic, Ekso Bionic Holdings, Hansen Medical Inc., Omnicell, Healthcare robotics S.R.L, Hocoma AG, Titan Medical Inc.

The Global Medical Robots Market has been segmented on the basis of product type, application, end-use, and key geographies. Based on product type, the market comprises of surgical robots, rehabilitation robots, non-invasive radio surgery, robotic catheters, hospital robots. The research report “Global Medical Robot Market” provides in-depth analysis of Global Medical Robots market based on product type, application, end-user and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the Global Medical Robots market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key Developments:

• In 2020, Stryker Corporation (US) was approved by MAKO robotic surgery system in Japan for make partial knee indication.
• In 2020, Accuray (US) introduced the CyberKnife S7 System a next-generation CyberKnife platform with sophisticated precision, and real-time artificial intelligence (AI)-driven motion tracking and synchronization treatment delivery for all stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT) treatments.
• In 2020, Medtronic (Ireland) entered into an agreement to acquire Medicrea, a pioneer in the transformation of spinal surgery through artificial intelligence, predictive modeling and patient specific implants
• In 2019, Intuitive Surgical (US) received a clearance from the US FDA for the da Vinci Single-port Surgical System.

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Key questions answered in this research report:
1- At what pace is Global Medical Robot market growing? What will be growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Medical Robot market?
4- What are the various application areas and how they are poised to grow?

Market Segmentation

Global Medical Robots Market By Type

• Surgical Robots
  • Cardiology Robotic System
  • Laparoscopic Robotic System
  • Neurological Robotic System
  • Steerable Robotics
  • Orthopaedic Robotic System

• Rehabilitation Robots
  • Assistive Robots
  • Exoskeleton Radiosurgery Robots
  • Therapeutic Robots
  • Prosthetics Robots
  • Orthotics Robots

• Non-Invasive Radio Surgery Robots
  • Robotic Catheters
    • Hospital Robots
    • Telemedicine Robots
    • V Robots
    • Pharmacy Robots

Global Medical Robots Market By Application

• • • Orthopaedic
    • Laparoscopic
    • Neurology
    • Cardiology
    • Others

Global Medical Robots Market By End User

• • • Hospital
    • Tier 1
    • Tier 2
    • Tier 3
    • Ambulatory Surgical Centres

Global Medical Robots Market by Region

• • North America Medical Robots Market (Option 1: As a part of the free 25% customization)
    • By Product type
    • By Application
    • By End users
    • US Market All-Up
    • Canada Market All-Up
  • Europe Medical Robots Market (Option 2: As a part of the free 25% customization)
    • By Segment 1
    • By Segment 2
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Medical Robots Market (Option 3: As a part of the free 25% customization)
    • By Segment 1
    • By Segment 2
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Medical Robots Market (Option 4: As a part of the free 25% customization)
    • By Segment 1
    • By Segment 2
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading market players

• Intuitive Surgical In.
• Stryker Corporation
• Mazor Robotics

*Other prominent players in the market which can be profiled as a part of customization:• Accuray
• Medtronic
• Ekso Bionic Holdings
• Hansen Medical Inc.
• Omnicell
• Healthcare robotics S.R.L
• Hocoma AG
• Titan Medical Inc