Reports

Medical Robots Market

Global Medical Robots Market: By Type: Surgical Robotic Systems, Rehabilitative Robotic Systems, Non-invasive Radiosurgery Robots, Hospital and Pharmacy Robotic Systems; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Events and Developments

Global Medical Robots Market Outlook

The global medical robots market stood at a value of around USD 10.4 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 22.30% to reach USD 34.6 billion by 2027.

 

Neurosurgery is Predicted to Hold a Significant Market Share in Medical Robots Industry over the Forecast Period

Based on application, neurosurgery is predicted to hold a significant market share in the medical robots industry during the forecast period due to improvement in the quality and accuracy of medical robots, increased safety, minimally invasive surgical procedure, rising cases of brain related disorders, considerable cost savings, and faster recovery periods due to minimally invasive surgical procedure. These factors are expected to aid the growth of the market.

 

Global Medical Robots Market

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North America Secured the Largest Market Share and is Anticipated to Retain its Dominance

Geographically, North America dominates the global medical robots industry due to the rapid growth in demand for surgical robots, hospital robots, and others, along with an increasing focus of major market players to fulfil the demand for advanced medical solutions within the region. Moreover, an increasing number of research and development activities related to the medical sector and the growing approval for robotics based research funds will also propel the growth of the medical robots industry.

 

Medical Robots: Market Segmentation

The combination of medical science and artificial intelligence technology has inspired the invention of medical robots. These robotic solutions provide precision lasers and miniaturised cameras to conduct minimally invasive surgery, including cystectomy, prostatectomy, and many other procedures.

 

Global Medical Robots Market

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By type, the industry can be segmented into:

  • Surgical Robotic Systems 
  • Rehabilitative Robotic Systems
  • Non-invasive Radiosurgery Robots
  • Hospital and Pharmacy Robotic Systems
  • Others

Based on application, the industry can be segmented into:

  • Cardiology 
  • Laparoscopy
  • Pharmacy 
  • Neurosurgery
  • Orthopaedic Surgery
  • Others

On the basis of end use, the industry can be segmented into:

  • Hospitals and Clinics 
  • Speciality Centres 
  • Rehabilitation Centres 
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rapid Technological Improvements to Bolster the Growth of the Global Medical Robots Industry

The rising demand for advanced medical solutions and the growing healthcare sector are aiding the growth of the global medical robots industry. The growth in medical robotics is propelled by a combination of technological improvements, advancement in medical imaging solutions, such as magnetic resonance imaging, higher resolutions, and 3D ultrasound, the increasing adoption of surgical robots, and a rise in funding for research activities related to medical robots. Additionally, the growing demand for minimally invasive surgeries and a rise in surgeon/patient acceptance of both robotic assistance and laparoscopic procedures are expected to further aid the market growth over the forecast period.

 

Global Medical Robots Market

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Key Industry Players in the Global Medical Robots Market

The report gives a detailed analysis of the following key players in the global medical robots market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Auris Health, Inc. 
  • Intuitive Surgical, Inc. 
  • Medrobotics Corporation 
  • Stryker Corporation 
  • Omnicell, Inc.  
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report:

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical
and Forecast Market Analysis by Segment- Type, Application, End Use, Region
Breakup by Type Surgical Robotic Systems, Rehabilitative Robotic Systems, Non-invasive
Radiosurgery Robots, Hospital and Pharmacy Robotic Systems, Others
Breakup by Application Cardiology, Laparoscopy, Pharmacy, Neurosurgery, Orthopaedic Surgery, Others
Breakup by End Use Hospitals and Clinics, Speciality Centres, Rehabilitation Centres, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Auris Health, Inc., Intuitive Surgical, Inc., Medrobotics Corporation, Stryker Corporation, Omnicell, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Medical Robots Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Medical Robots Historical Market (2018-2022) 
    8.3    Global Medical Robots Market Forecast (2023-2028)
    8.4    Global Medical Robots Market by Type
        8.4.1    Surgical Robotic Systems
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Rehabilitative Robotic Systems
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Non-invasive Radiosurgery Robots
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Hospital and Pharmacy Robotic Systems
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
        8.4.5    Others
    8.5    Global Medical Robots Market by Application
        8.5.1    Cardiology
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Laparoscopy
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Pharmacy
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Neurosurgery
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Orthopaedic Surgery
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Global Medical Robots Market by End Use
        8.6.1    Hospitals and Clinics
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Speciality Centres
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Rehabilitation Centres
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Medical Robots Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028) 
9    North America Medical Robots Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Medical Robots Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Medical Robots Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Medical Robots Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Medical Robots Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Auris Health, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Intuitive Surgical, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Medrobotics Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Stryker Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Omnicell, Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Medical Robots Market: Key Industry Highlights, 2018 and 2028
2.    Global Medical Robots Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Medical Robots Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Medical Robots Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Medical Robots Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Medical Robots Historical Market: Breakup by End Use (USD Billion), 2018-2022
7.    Global Medical Robots Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8.    Global Medical Robots Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Medical Robots Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Medical Robots Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Medical Robots Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Medical Robots Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Medical Robots Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Medical Robots Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Medical Robots Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Medical Robots Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Medical Robots Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Medical Robots Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Medical Robots Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Medical Robots Market Structure

Key Questions Answered in the Report

What was the global medical robots market size in 2021?

In 2021, the global medical robots market attained a value of nearly USD 10.4 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 22.30% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 34.6 billion by 2027.

What are the major industry drivers?

The rapid advancements in technology and medical science, the growing healthcare sector, increasing adoption of surgical robots, and the growing demand for minimally invasive surgical procedures are the major factors driving the market growth.

What are the key industry trends of the global medical robots market?

The key market trends guiding the growth of the industry include the rise in funding for medical robots-based research activities and a rise in surgeon/patient acceptance of both robotic assistance and laparoscopic procedures.

What are the major regional markets of medical robots, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.

What are the significant types of the product in the market?

Surgical robotic systems, rehabilitative robotic systems, non-invasive radiosurgery robots, and hospital and pharmacy robotic systems, among others are the significant types of medical robots in the market.

What are the significant applications of the product?

Cardiology, laparoscopy, pharmacy, neurosurgery, and orthopaedic surgery, among others are the significant applications of the product.

What are the major end users of the product?

The major end users of the product include hospitals and clinics, speciality centres, and rehabilitation centres, among others.

Who are the key industry players, according to the report?

The major players in the industry are Auris Health, Inc., Intuitive Surgical, Inc., Medrobotics Corporation, Stryker Corporation, and Omnicell, Inc., among others.

Analyst Review

The global medical robots market attained a value of USD 10.4 billion in 2021, driven by a rise in funding for research activities related to medical robots and the increasing adoption of surgical robots due to the growing demand for minimally invasive surgeries. Aided by the growing technological advancements and a rise in surgeon/patient acceptance of robotic assistance, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 22.30%. The market is projected to reach USD 34.6 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the medical robots industry can be segmented into surgical robotic systems, rehabilitative robotic systems, non-invasive radiosurgery robots, and hospital and pharmacy robotic systems, among others. By application, the industry can be segmented into cardiology, laparoscopy, pharmacy, neurosurgery, and orthopaedic surgery, among others. Based on end use, the industry can be divided into hospitals and clinics, speciality centres, and rehabilitation centres, among others. The major regional markets for medical robots are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Auris Health, Inc., Intuitive Surgical, Inc., Medrobotics Corporation, Stryker Corporation, and Omnicell, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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