Global Medical Robots
Market Report
2024
medical robots market was valued at USD 8.2 billion in 2022 and will reach USD 55.64 billion by 2030, registering a CAGR of 17.3 % for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global medical robots market was valued at USD 8.2 billion in 2022 and will reach USD 55.64 billion by 2030, registering a CAGR of 17.3 % for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Medical Robots Market Sales Revenue 2022 | $ 8.2 Billion |
Global Medical Robots Market Sales Revenue 2030 | $ 55.64 Billion |
Global Medical Robots Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 17.3% |
Market Split by Type |
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Market Split by Application |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Medical Robots Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Medical robots are trained to carry out a range of crucial tasks, including engaging with patients, examining patients' living circumstances, functioning in risky and emergency scenarios, carrying out data mining to boost a pharmacy's productivity, and sterilizing hospital rooms. Robotics are used in healthcare to apply and use robotic technology to diagnose, treat, correct, restore, or modify a body function, body part, or disease.
Medical robots can be divided into three main categories medical devices, such as prosthetic limbs, artificial organs, and drug delivery systems; assistive robotics, such as wearable robots and rehabilitation equipment; and robots that mimic human anatomy, such as prostheses and body-part simulators.
Medical robotics, a field that uses robots in healthcare or medicine, has grown in recent years. Robotics in healthcare has taken on more established roles and has several advantages for both patients and healthcare professionals as technology develops.Medical robots are trained to carry out a range of crucial tasks, including engaging with patients, examining patients' living circumstances, functioning in risky and emergency scenarios, carrying out data mining to boost a pharmacy's productivity, and sterilizing hospital rooms. Robotics are used in healthcare to apply and use robotic technology to diagnose, treat, correct, restore, or modify a body function, body part, or disease.
Medical robots can be divided into three main categories medical devices, such as prosthetic limbs, artificial organs, and drug delivery systems; assistive robotics, such as wearable robots and rehabilitation equipment; and robots that mimic human anatomy, such as prostheses and body-part simulators.
Medical robotics, a field that uses robots in healthcare or medicine, has grown in recent years. Robotics in healthcare has taken on more established roles and has several advantages for both patients and healthcare professionals as technology develops.
Driving factors:
Robotic surgery is an advanced type of minimally invasive surgery. Because robotic surgery is less invasive than traditional surgery, the patient’s body will probably heal faster.
The patient feels less discomfort during and after surgery thanks to smaller incisions and greater accuracy. During recovery, patients also be less dependent on opioids, lowering the risk of addiction. The amount of blood lost during robotic surgery is negligible, and blood transfusions are typically not necessary. Blood loss might result in problems and even longer recovery times in subsequent surgery. For someone who requires a procedure in difficult-to-reach places of the body, robotic surgery is a fantastic choice.
Major blood vessels or other essential organs may be close by in certain regions, which increases the danger of the operation.
Any surgical operation carries the danger of infection, which could prolong your hospital stay and cause your recovery to be delayed. Particularly when sizable portions of the body are exposed because of long incisions, certain sections of the body are more susceptible to infection than others. However, since robotic surgery is less intrusive, there is a lower chance of infection, which means you avoid any potential side effects associated with infection.
Due to all these advantages and positive effects, patients and professionals are in high demand for medical robots, which fuels the growth of the market.
Through minimally invasive surgical techniques, robotics technologies are anticipated to contribute to an improvement in the quality of life for older patients. Many sophisticated robotic systems have been introduced into the market for better results. A few robotic systems, such as the TUG and da Vinci Surgical Systems, have become more common in hospitals and clinics across the country and abroad. While completing the procedure, the da Vinci system translates your surgeon's hand gestures at the console in real-time, bending and rotating the instruments. The tiny wristed devices have a wider range of motion than a human hand. The da Vinci vision system also provides 3D high-definition pictures of the surgical area that are greatly magnified. Because of the device size, surgeons can perform their procedures with just one or a few small incisions.
TUG autonomous mobile robot is a mobile transport vehicle that navigates the existing facility without human intervention and within the programmed constraints to deliver and transport materials such as pharmacy, dietary, linen, lab, racks, trolleys, or bins storing medications, test samples, or other delicate products up to 453 kilograms.
Other groundbreaking innovations include the robot butler SAM, the Pharm ASSIST, the ROBOTx pharmaceutical management system, the Xenex robot for cleaning, and the Origami robot for capsules. When elderly patients are lonely, social companion robots like Jibo, Pepper, Paro, Zaro, and Buddy offer them solace. Some of these robots have touch sensors, cameras, and microphones.
Robots may soon be able to conduct lab tests without the need for a person, clean artery plaque, obtain tissue samples, and even fight dangerous tumors. In the future, robots may also administer specific medications, treat minor illnesses, and converse with people about their symptoms.
Restraining factors:
While using robots to complete tasks in the healthcare industry has many advantages, there is also a risk of mistakes and failures. With these sophisticated robots, there is always the possibility of human error or mechanical failure. Human lives can be lost due to mechanical failure. Small hazards of bleeding and infection with surgical robots must be disregarded. medical robots have a lot of drawbacks.
The price of medical robots is one of their biggest drawbacks. One of the main barriers preventing market expansion is anticipated to be the high cost of robotic systems. The cost of robotic surgery is higher than that of conventional surgery. Only advanced hospitals, research institutes, and industrialized nations use surgical robots.
Similar to patients, in some instances, they cannot afford to have robotic procedures. The cost of their lifetime upkeep is another issue, and healthcare providers must spend a lot of money and time training their staff on how to use robots.
The possibility that robots may replace people and cause unemployment is one of the major disadvantages of medical robot use in healthcare, which hampers market growth.
Impact of COVID- 19 pandemic on the medical robots market:
COVID-19 has substantially affected the medical robotics market's supply chain. The abrupt COVID-19 attack and its repercussions for trade and commodities movement restrictions have shut down numerous countries throughout the world, disrupting supply chains due to a shortage of resources and labor, and slowing down or stopping industry.
On the other hand, there was a surge in the use of robotic applications in the healthcare field during the COVID-19 crisis. The creation of robots that reduce the labor of healthcare workers is the joint effort of several specialists. There is a significant demand for robots, particularly in healthcare, because of the rising number of COVID-19 patients. Maintaining social distance has become a necessary preventative precaution because SARS-CoV-2 predominantly spreads through close human contact and infected surfaces. The result is the requirement for less doctor-patient contact during patient treatment. When caring for Covid-19 patients or performing jobs like temperature monitoring and Covid-19 screening, robots do not require personal protective equipment (PPE) or masks as people do. This more effectively stops Covid-19 from spreading. Consequently, the COVID-19 pandemic has had a favorable effect on expanding the medical robotics business.
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Recent developments:
March 2022
Omnicell, Inc., a top supplier of medication administration and adherence technologies for pharmacies and health institutions, announced the introduction of the IVX Station. This groundbreaking approach aims to scale the advantages of utilizing IV robotic technology and make it available to the public.
May 2022
Auris Health, Inc., a subsidiary of Ethicon, Inc., announced that its MONARCH® Platform has received FDA clearance for endourological procedures. This clearance makes MONARCH the first multispecialty, flexible robotic solution for use in both bronchoscopy and urology, allowing urologists to reach and visualize kidney areas with precision and control.
January 2022
The Versius® Surgical Robotic System has been made available in Poland at the Salve Medica Medical Center in ?ód?, the country's third-largest city, according to CMR Surgical, a leading global provider of surgical robotics. Versius is currently being utilized at Salve Medica in urology, but as part of a multispecialty robotics program, there are ambitions to use it in general surgery and gynecology as well. Additionally, CMR has selected Salve Medica as Poland's first Versius reference center.
June 2020
Accuray Incorporated has launched the CyberKnife® S7TM System, a robotic, non-invasive radiation therapy device capable of treating cancerous and benign tumors and neurologic disorders. It is the latest example of Accuray’s innovation in radiation therapy, empowering healthcare providers to provide the best care to their patients.
January 2019
The ROSA® Knee System has received 510(k) clearance from the U.S. Food and Drug Administration for robotically assisted complete knee replacement procedures, according to Zimmer Biomet Holdings, Inc., a world leader in musculoskeletal healthcare. The ROSA Knee offers real-time, intraoperative data on soft-tissue and bone anatomy as well as 3D preoperative planning tools. These capabilities are intended to increase the precision of bone cuts and range of motion gap analyses, which may help enhance flexion and restore natural joint movement.
Top Companies Market Share in Medical Robots Industry: (In no particular order of Rank)
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North America held the largest revenue market share over the other regions in the global medical robots market:
The region's market size is boosted by the abundance of profitable prospects, well-established healthcare infrastructure, and a high prevalence of minimally invasive surgeries. North America is one of the market leaders for medical robots due to having sufficient knowledge of the use of cutting-edge, contemporary technology that opens the door to significant potential growth in this industry. Robotics has changed the medical industry because automation has become a crucial component in pharmaceutical manufacturing, providing greater accuracy and lower workloads.
In addition, the rising prevalence of chronic illnesses including diabetes, cancer, and cardiovascular diseases has accelerated the adoption of automated surgical equipment, increasing demand for surgical robotics in the area.
Moreover, several top service robot businesses are based in the US. The high demand for healthcare service robots is a result of the significant expenditures made in Cross-Floor Moving Solution developments by US-based service robot firms. Due to the tremendous growth in the acceptance of surgical robots in the healthcare business, the North American area has a bigger market share. The lack of surgeons and other medical experts in the United States is made up for by robotics, which accelerates the growth rate of the local market.
The current report Scope analyzes Medical Robots Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Medical Robots Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Robots Industry growth. Medical Robots market has been segmented with the help of its Type, Application End User, and others. Medical Robots market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The medical robots market is segmented by type into surgical robots, pharma robots, robotic prosthetics, Exo-robots, cleanroom robots, and medical service robots. Surgical robots held the largest revenue share in the medical robot market.
Due to the advantages, they offer both patients and surgeons; robots are increasingly being used during surgery. Robots now assist surgeons in setting up the operating table and even participate in some procedures. By enabling general surgeons to carry out surgery with the greatest degree of precision, surgical robots effectively take part in the operation.
Surgeons may also perform complicated surgical procedures by acquiring flexibility, precision, vision, and control from surgical robots. In comparison to open surgery, robotic surgery has many advantages for patients, such as a shorter hospital stay, less pain, and discomfort, a quicker return to normal activities after surgery, smaller incisions that lower the risk of infection, less blood loss, and transfusions, and minimal scarring.
Robotic surgery is a sophisticated form of laparoscopic (small incision) or minimally invasive surgery in which physicians employ a computer-controlled robot to help them during some surgical procedures. With the use of AI and computer vision technology, these robots enable surgeons to conduct complex surgeries with new levels of efficiency and accuracy. Some surgical robots might even be able to finish tasks independently, allowing surgeons to supervise operations from a console. Due to all of these factors, surgical robots increase market growth.
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Laparoscopic surgeries dominated the worldwide medical robots market revenue share.
The medical robots market is segmented by application into, Laparoscopic, Cardiology, Radiation therapy, Neurology, Orthopedic, Physical Rehabilitation, and Pharmacy Applications.
Laparoscopic surgeries held the largest worldwide medical robots market revenue share. Patients’ quality of life is increasing because of a collection of less invasive surgical treatments called laparoscopic surgery. The surgeon gives vocal instructions to the camera assistant operating the laparoscope in the operating room.
Laparoscopy procedures are more frequently performed using surgical robotics than open surgical techniques. Robotic assistance in laparoscopic surgery aims to aid surgeons in providing better patient care by transforming procedures that would normally need a laparotomy into less invasive ones. All of the benefits of minimally invasive surgery apply to robot-assisted laparoscopic surgery, including less postoperative discomfort, smaller and perhaps more visually pleasing incisions, a shorter hospital stay, quicker healing, and a quicker return to work.
Compared to conventional techniques, robotic laparoscopic surgery surgeons believe it improves precision, flexibility in various treatments, control, and the ability to see the operation site exactly.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Medical Robots market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Medical Robots Market is witnessing significant growth in the near future.
In 2023, the Pharma Robots segment accounted for noticeable share of global Medical Robots Market and is projected to experience significant growth in the near future.
The Laparoscopic Applications segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Intuitive Surgical , Cyberdyne and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Pharma Robots, Surgical Robots, Robotic Prosthetic, Exo-robots, Cleanroom Robots, Medical Service Robots |
Application | Laparoscopic Applications, Cardiology Applications, Radiation therapy, Neurology Applications, Orthopedic Applications, Physical Rehabilitation, Pharmacy Applications |
End User | Hospitals, Specialty Clinics, Pharmaceutical and biotechnology industries, Research Institutes, Ambulatory Surgical Centers, Laboratories, Pharmacies, Rehabilitation Centers, Others |
List of Competitors | Intuitive Surgical, Medtronic, Cyberdyne, Globus, HollySys, iRobot, Johnson & Johnson, Omron, ReWalk Robotics, Stryker, Abbott, Philips, Apple, Roche, Hill-Rom, DexCom, Alphabet, Quest Diagnostics, Agilent Tech, Qiagen, 3M, Nihon Kohden, Danaher, Becton Dickinson, Illumina, Teleflex, Garmin, Smith & Nephew, Thermo Fisher Scientific, Biotronik, Getinge, Edwards Lifesciences, Coloplast, Terumo |
This chapter will help you gain GLOBAL Market Analysis of Medical Robots. Further deep in this chapter, you will be able to review Global Medical Robots Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Medical Robots Market Trends North America Medical Robots Technological Road Map North America Medical Robots Market Drivers North America Medical Robots Market Restraints North America Medical Robots Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Robots market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Pharma Robots have a significant impact on Medical Robots market? |
What are the key factors affecting the Pharma Robots and Surgical Robots of Medical Robots Market? |
What is the CAGR/Growth Rate of Laparoscopic Applications during the forecast period? |
By type, which segment accounted for largest share of the global Medical Robots Market? |
Which region is expected to dominate the global Medical Robots Market within the forecast period? |
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