Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global Medical Robots Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 13.69% during the review period (2022 to 2027).
Medical Robots Market Overview
Medical Robots is defined as professional service robots that are used in and out of the hospital settings to improve the overall level of patient care. They decrease the workload of medical staff, allowing them to spend more time caring directly to patients while creating significant operational procedure which provides efficacy and reduced cost investments for healthcare amenities.
Factors such as the growing prevalence of neurological and orthopedic diseases, the increasing R&D activities by the companies, the availability of the advanced healthcare infrastructure, and rapid implementation of the latest technology advancements in the field are majorly boosting the growth of the global medical robots market. Rising preference for minimally invasive surgeries, growth of adopting the advanced medical technologies and robotics, growing decrepit population, increase of funding towards medical robot research, accepting the laparoscopic, robotics procedures and development of technologies in medical robotics are the primary aspects which are contributed to the growth of market world widely.
The Medical Robot Market, According to the South China Morning, while the da Vinci system is broadly used in China in more than 60,000 operations to date, the Chinese government is eager to reduce its dependence on foreign technology. For more than two years, it has backed more than 30 Med Tech manufacturers who develop intelligent robots and robotic medical devices, including surgical robots.In Medical Robot Market the ZhongkaiHi-Tech zone in Huizhou, SS Innovations is developing and testing an affordable, modular robotic surgical system that is capable of complex motion control. The company is working with a budget of around USD 15 million from the Chinese government in recruiting and training talent from around the world.
Industry News:
December 14, 2021:Intuitive (Nasdaq: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, announced that the number of robotic-assisted surgical procedures performed worldwide by surgeons using da Vinci surgical systems has surpassed 10 million.
Oct 28 2020:New portable arm rehabilitation device launched to help patients perform robot-aided therapy at home.A new portable arm rehabilitation robot will help patients to carry out robot-aided therapy at home, allowing them to perform intensive exercises without visiting hospitals or clinics, which can possibly reduce the risk of exposure to infectious diseases such as COVID-19. The robot can also be used in hospitals and outpatient facilities such as nursing homes and clinics.
Who are the Major Players in Medical Robots Market?
Top Key Players in the Medical Robots Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Medical Robots Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Intuitive Surgical, Mazor Robotics, Stryker, Hansen Medical, Rewalk, TOYOTA, Accuray, Kirbylester, EKSO BIONICS HOLDINGS, Aesynt, ARXIUM, Aethon, RIKEN, Yaskawa, Fraunhofer, IRobot, Cyberoye, and others.
What are the major Applications, Types, and Regions for Medical Robots Market?
The medical Robots Market is segmented based on the type, Product& Services, applications, companies, and regions.
By Type
- Surgical robot
- Rehabilitation robot
- Pharmacy automation robot
- Other
By Product & Service
- Instrument & Accessories
- Robotic Systems
- Services
By Application
- Laparoscopy
- Orthopedic Surgery
- Pharmacy Applications
- Physical Rehabilitation
- External Beam Radiation Therapy
- Neurosurgery
- Other Applications
By End-User
- On-premise solutions cloud-based solutions hospitals
- Ambulatory Surgery Centers
- Rehabilitation Centers
- Hospitals
- Pharmacy, Research institutions, etc.
Regional Analysis:
North America is anticipated to record the largest market share in Global Medical Robot Market, followed by the European region due to the increase in the acceptance of surgical robots in the economies, favorable reimbursement scenario for scientific research on Medical Robots, and the availability of advanced Medical Robots. Nevertheless, Asia-Pacific Region is expected to show significant growth over the forecasted period.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Medical Robots Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 13.69% during the review period (2022 to 2027).
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By Type
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By Type
- Surgical robot
- Rehabilitation robot
- Pharmacy automation robot
- Other
By Product & Service
- Instrument & Accessories
- Robotic Systems
- Services
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By Application& End Users
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By Application
- Laparoscopy
- Orthopedic Surgery
- Pharmacy Applications
- Physical Rehabilitation
- External Beam Radiation Therapy
- Neurosurgery
- Other Applications
By End-User
- On-premise solutions cloud-based solutions hospitals
- Ambulatory Surgery Centers
- Rehabilitation Centers
- Hospitals
- Pharmacy, Research institutions, etc.
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By Companies
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Intuitive Surgical, Mazor Robotics, Stryker, Hansen Medical, Rewalk, TOYOTA, Accuray, Kirbylester, EKSO BIONICS HOLDINGS, Aesynt, ARXIUM, Aethon, RIKEN, Yaskawa, Fraunhofer, IRobot, Cyberoye, and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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123
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Medical Robots Report
- Evaluate Medical Robots market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges, and hidden opportunities.
- Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Medical Robots market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Medical Robots Market is studied from 2022 - 2027.
What is the growth rate of Medical Robots Market?
The Medical Robots Market is growing at a CAGR of 13.69% over the next 5 years.
Who are the leading key players in Medical Robots Market?
Intuitive Surgical, Mazor Robotics, Stryker, Hansen Medical, Rewalk, TOYOTA, Accuray, Kirbylester, EKSO BIONICS HOLDINGS, Aesynt, ARXIUM, Aethon, RIKEN, Yaskawa, Fraunhofer, IRobot, Cyberoye, and others.
What is the significant Types of Medical Robots Market?
Surgical robot, Rehabilitation robot, Pharmacy automation robot, Other
What is the significant Applications of Medical Robots Market?
Laparoscopy, Orthopedic Surgery, Pharmacy Applications, Physical Rehabilitation, External Beam Radiation Therapy, Neurosurgery, Other Applications
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
