Medical Robots Market Size, Share, Analysis Report

Medical Robots Market By Product Analysis (Instruments & Accessories, Medical Robot Systems); By Application Analysis (Laparoscopy, Orthopedics, Neurology, Special Education) and By Regional Analysis – Global Forecast by

The Medical Robots Market is expected to be around US$ 37.50 Billion by 2028 at a CAGR of 21% in the given forecast period.

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MARKET SNAPSHOT

Major Players

Study period:

2023-2028

Base Year:

2022

CAGR:

21

Fastest Growing Market:

APAC

Largest Market:

North America

REPORT DESCRIPTION

A medical robot is robot used as a part of the medical sciences. Medical robotics and computer helped surgical system is an innovatively progressed surgical, recovery, and assistive arrangement utilized for the most part amid convoluted surgical strategies, physical complexities, and healing facility automation, individually. It is a robot which authorizes the specialists to perform surgeries with more precision. Medical robots are an extensive assortment of restorative applications had developed, such as, Surgical robots, research facility robots, tele surgery, remote surgery, and teleconsultation robots, recovery robots to help for the hard of hearing and the visually impaired.It is aid surgeries and made possible to decreasethreat of contamination. Through medical robots it develops easy to perform basic surgeries with accuracy. Medical robots are having points of demand such as, diminish post-agent torment, declinedanger of disease, reductions blood misfortune and least level of anesthesia.

How Big is the Global Medical Robots Market?

The Medical Robots Market is expected to be around US$ 37.50 Billion by 2028 at a CAGR of 21% in the given forecast period.

The major driving factors of Medical Robots Market are as follows:

  • Benefits accessible by robot-assisted training in rehabilitation therapy
  • Growth in funding for medical robots research
  • Issuance of Ipos by medical robots companies
  • Rising Patient Preference for Minimally Invasive Surgeries
  • Technological improvements and developing hospital investments

The restraining factors of Medical Robots Market are as follows:

  • Security and safety concerns over robotic surgery devices
  • High rate of robotic systems and unjustified cost benefits of robotic surgeries

The Medical Robots Market is segmented on the lines of its product, application and regional. Based on product segmentation it covers instruments & accessories, medical robot systems. Based on application segmentation it coverslaparoscopy, orthopedics, neurology, special education, other applications. TheMedical Robots Marketon geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:
1) An overview of the global market for Medical Robots Marketand related technologies.
2) Analyses of global market trends, with data from 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2028.
3) Identifications of new market opportunities and targeted promotional plans for Medical Robots Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets on Medical Robots Market with the reasons given for variations in the growth of the industry in certain regions.
 
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include
Stryker Corporation (U.S.), Mazor Robotics Ltd. (Israel), Intuitive Surgical, Inc. (U.S.), Hocoma AG (Switzerland), Hansen Medical Inc. (U.S.), Accuray Incorporated (U.S.), Omnicell, Inc. (U.S.), Ekso Bionics Holdings, Inc. (U.S.), ARxIUM (U.S.), and Kirby Lester LLC (U.S.).Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Medical Robots Market has been segmented as below:

By Product Analysis:

  • Instruments & Accessories
  • Medical Robot Systems
    • Surgical Robots
    • Rehabilitation Robots
    • Noninvasive Radiosurgery Robots
    • Hospital & Pharmacy Robots
    • Other Medical Robotic Systems

By Application Analysis:

  • Laparoscopy
  • Orthopedics
  • Neurology
  • Special Education
  • Other Applications

By Regional Analysis:

   North America
   Europe
   Asia-Pacific
   Rest of the World

Reasons to Buy this Report:
1) Obtain the most up to date information available on all  Medical Robots Market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of
Medical Robots Market data.
4) Assess your competitor’s refining portfolio and its evolution.

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1    INTRODUCTION    
 1.1    Key Take Aways    
    1.2    Report Description    
    1.3    Markets Covered    
    1.4    Stakeholders    
    1.5    Research Methodology    
        1.5.1    Market Size    
        1.5.2    Market Share    
        1.5.3    Key Data Points From Secondary Sources    
        1.5.4    Key Data Points From Primary Sources
 

2 Research Methodology 
    2.1 Research Methodology Steps 
    2.2 Secondary and Primary Research Methodology 
           2.2.1 Secondary Research
                    2.2.1.1 Key Data From Secondary Sources
           2.2.2 Primary Research
                    2.2.2.1 Key Data From Primary Sources
                    2.2.2.2 Key Insights From Primary Sources
                    2.2.2.3 Key Industry Insights
    2.3 Market Size Estimation Methodology 
    2.4 Market Data Validation and Triangulation 
    2.5 Assumptions for the Study

 

3 Executive Summary 

 

4 Premium Insights 
    4.1 Global Medical Robots Market Overview 
    4.2 Geographic Analysis: Medical Robots Market, By Type of Surgical Robotic System 
    4.3 Geographical Snapshot of the Market 
    4.4 Medical Robots Market, By Application (2016)

 

5 Market Overview 
    5.1 Introduction 
    5.2 Market Dynamics 
           5.2.1 Drivers
                    5.2.1.1 Advantages Offered By Robot-Assisted Training in Rehabilitation Therapy
                    5.2.1.2 Technological Advancements
                    5.2.1.3 Increase in Funding for Medical Robots Research
                    5.2.1.4 Issuance of Ipos By Medical Robots Companies
                    5.2.1.5 Growing Hospital Investments in Medical Robots
           5.2.2 Restraints
                    5.2.2.1 Safety Concerns Over Robotic Surgery Devices
                    5.2.2.2 High Cost of Robotic Systems and Unjustified Cost Benefits of Robotic Surgeries
           5.2.3 Opportunities
                    5.2.3.1 Rapid Growth in the Aging Population
                    5.2.3.2 Development of Nanorobots for Cancer Treatment
                    5.2.3.3 Rising Patient Preference for Minimally Invasive Surgeries

 

6 Industry Insights 
    6.1 Regulatory Assessment 
           6.1.1 Introduction
           6.1.2 U.S.
                    6.1.2.1 FDA Device Classification
           6.1.3 Europe
                    6.1.3.1 Environmental Protection Agency (EPA) Device Classification
           6.1.4 Japan
                    6.1.4.1 PMDA Device Classification
           6.1.5 China
                    6.1.5.1 CFDA Device Classification
           6.1.6 India
           6.1.7 Australia
                    6.1.7.1 ATG Device Classification
    6.2 Product Pipeline Assessment 
           6.2.1 Introduction
           6.2.2 Clinical Trials for Medical Robots
           6.2.3 Upcoming Product Launches

 

7 Global Medical Robots Market, By Product 
    7.1 Introduction 
    7.2 Instruments and Accessories 
    7.3 Medical Robotic Systems 
           7.3.1 Surgical Robots
                    7.3.1.1 Laparoscopy Robotic Systems
                    7.3.1.2 Orthopedic Robotic Systems
                    7.3.1.3 Neurosurgical Robotic Systems
                    7.3.1.4 Steerable Robotic Catheters
           7.3.2 Rehabilitation Robotic Systems
                    7.3.2.1 Therapeutic Robotic Systems
                    7.3.2.2 Assistive Robotic Systems
                    7.3.2.3 Prosthetic Robotic Systems
                    7.3.2.4 Orthotic Robotic Systems
                    7.3.2.5 Exoskeleton Robotic Systems
           7.3.3 Noninvasive Radiosurgery Robotic Systems
           7.3.4 Hospital and Pharmacy Robotic Systems
                    7.3.4.1 Pharmacy Robotic Systems
                    7.3.4.2 IV Robotic Systems
                    7.3.4.3 Telemedicine Robots
           7.3.5 Other Robotic Systems

 

8 Medical Robots Market, By Application 
    8.1 Introduction 
    8.2 Laparoscopy 
    8.3 Orthopedics 
    8.4 Neurology 
    8.5 Special Education 
    8.6 Other Applications

 

9 Medical Robots Market, By Region 
    9.1 Introduction 
    9.2 North America 
           9.2.1 U.S.
                    9.2.1.1 Advent of Telemedicine Robots to Address the Shortage of Healthcare Professionals in the U.S.
                    9.2.1.2 Increasing Medical Robot Purchases By Hospitals Backed By the Demand for Minimally Invasive Surgeries
                    9.2.1.3 Availability of Significant Funding From the Nih
                    9.2.1.4 Funding By the U.S. Department of Defense
                    9.2.1.5 Growing FDA Approvals
                    9.2.1.6 Grants From Nsf to Propel Research Activities
                    9.2.1.7 Rising Venture Capital Investments
           9.2.2 Canada
                    9.2.2.1 Use of Robots in Pediatric Care
                    9.2.2.2 Government Support
    9.3 Europe 
           9.3.1 EU5
                    9.3.1.1 Favorable Reimbursement Scenario in Germany
                    9.3.1.2 Presence of A Large Pool of End Users in Germany
                    9.3.1.3 Development of Affordable Robotic Prosthesis in France
                    9.3.1.4 Growing Robotics Market in France
                    9.3.1.5 Adoption of Pharmacy Robots in the U.K.
           9.3.2 RoE
                    9.3.2.1 Introduction of Mind-Controlled Prosthetic Robotic Limbs in Austria
                    9.3.2.2 Continuous Support From Governments
    9.4 Asia-Pacific 
           9.4.1 Nursing Robots to Address the Shortage of Care Workers in Japan, South Korea, and Hong Kong
           9.4.2 Growth in the Number of Approvals for Use of Medical Robots in Japan
           9.4.3 Rising Prevalence of Cancer in China
           9.4.4 Foreign Partnerships and Growing Start-Up Companies in China
           9.4.5 Growing Robotic Procedures Backed By Rising Number of Hospital Beds in India
           9.4.6 Rising Adoption of Medical Robots in Asia
           9.4.7 Funding and Collaborations
           9.4.8 Training Programs in Australia
    9.5 Rest of the World (RoW) 
           9.5.1 Introduction of Telemedicine Robots in Africa
           9.5.2 International Workshops on Robotics in Brazil
           9.5.3 Domestic Manufacturing of Surgical Robots in Iran

 

10 Competitive Landscape 
     10.1 Overview 
     10.2 Market Share Analysis 
     10.3 Competitive Situation and Trends 
             10.3.1 Marketing and Promotional Activities
             10.3.2 Agreements, Collaborations, Joint Ventures, and Partnerships
             10.3.3 Acquisitions
             10.3.4 Product Launches
             10.3.5 Expansions
             10.3.6 Other Strategies

 

11 Company Profiles 
     11.1 Introduction
     11.2 Intuitive Surgical, Inc. 
     11.3 Stryker Corporation 
     11.4 Hocoma AG 
     11.5 Mazor Robotics Ltd. 
     11.6 Hansen Medical, Inc. (A Wholly Owned Subsidiary of Auris Surgical Robotics) 
     11.7 Accuray Incorporated 
     11.8 Omnicell, Inc. 
     11.9 Arxium 
     11.10 EKSO Bionics Holdings, Inc. 
     11.11 Kirby Lester LLC.

The Medical Robots Market has been segmented as below:

By Product Analysis:

  • Instruments & Accessories
  • Medical Robot Systems
    • Surgical Robots
    • Rehabilitation Robots
    • Noninvasive Radiosurgery Robots
    • Hospital & Pharmacy Robots
    • Other Medical Robotic Systems

By Application Analysis:

  • Laparoscopy
  • Orthopedics
  • Neurology
  • Special Education
  • Other Applications

By Regional Analysis:

   North America
   Europe
   Asia-Pacific
   Rest of the World

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The market is expected to grow at a CAGR of 21% during the study period (2023-2028)
The Medical Robots Market is expected to be around US$ 37.50 Billion by 2028.
The segment included in Medical Robots Market is Application, Product and region.
Some key players operating in the Medical Robots Market include Stryker Corporation (U.S.), Mazor Robotics Ltd. (Israel), Intuitive Surgical, Inc. (U.S.), Hocoma AG (Switzerland), Hansen Medical Inc. (U.S.), Accuray Incorporated (U.S.), Omnicell, Inc. (U.S.), Ekso Bionics Holdings, Inc. (U.S.), ARxIUM (U.S.), and Kirby Lester LLC (U.S.)
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