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Medical Robotics Market (Type - Instruments and Accesories, Robotic Systems, and Services; Application - Laparoscopy Surgeries, Orthopedic Operations, Pharmacy Application, Physical Rehabiliation, and Neurosurgery; End User - Hospitals, Ambulatory Surgery Centres, and Rehabiliatory Centers): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Medical Robotics Market (Type - Instruments and Accesories, Robotic Systems, and Services; Application - Laparoscopy Surgeries, Orthopedic Operations, Pharmacy Application, Physical Rehabiliation, and Neurosurgery; End User - Hospitals, Ambulatory Surgery Centres, and Rehabiliatory Centers): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Report Code: IGR01357 Category: Electronics, ICT & Semiconductors Published: October, 2023

A recent report published by Infinium Global Research on medical robotics market provides in-depth analysis of segments and sub-segments in the global as well as regional medical robotics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical robotics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical robotics market.

Market Insight:

The global medical robotics market was valued at USD 8.14 billion in 2022 and is expected to reach USD 28.77 billion in 2030, with a CAGR of 14.94% during the forecast period 2023-2030.

The medical robotics market is a rapidly expanding sector in the healthcare industry, encompassing the development, manufacturing, and application of robotic technologies for medical purposes. These cutting-edge robots play a crucial role in assisting surgeons, improving diagnostic capabilities, and enhancing patient care. They are known for their precision, automation, and their ability to provide minimally invasive solutions, ultimately reducing the risks associated with surgery and speeding up patient recovery times. This market includes several categories of medical robots, such as surgical robots, robotic exoskeletons, telemedicine robots, and various other automation devices designed for medical use. Surgical robots, for instance, are advanced robotic systems utilized during surgical procedures to augment the precision and capabilities of surgeons. They are particularly valuable in minimally invasive surgeries like laparoscopy procedures, as well as in complex surgeries such as those involving the heart and orthopedic interventions. Rehabilitation robots are used in physical therapy and post-surgery recovery, aiding patients in regaining mobility and strength after injuries or surgical interventions. Additionally, telemedicine robots facilitate remote medical consultations and examinations, enabling doctors to interact with patients in different locations through video conferencing and other communication technologies.

The medical robotics market is driven by the growing utilization of robot-assisted training in rehabilitation therapy. The integration of robotic technology into rehabilitation therapy enhances patient care, improves outcomes, and offers healthcare providers more efficient and effective treatment options. This, in turn, drives the growth of the medical robotics market as demand for these solutions increases. The increasing preference for minimally invasive surgical procedures is a significant driver of growth in the medical robotics market. Medical robots can provide surgeons with a level of precision and accuracy that is often unattainable through traditional open surgeries. This precision is critical for delicate procedures and allows for smaller incisions, minimizing tissue damage and reducing the risk of complications. This has led to a growing demand for minimally invasive surgical options and, subsequently, a greater adoption of medical robotic systems. Additionally, the market is benefiting from the rising incidence of neurological and orthopedic conditions, along with the expanding global geriatric population, which is driving demand for medical robots. Furthermore, the market is witnessing growth due to the increasing adoption of robot-assisted procedures and the surging demand for telemedicine services. However, a shortage of skilled labor and safety concerns related to robotic surgery devices are constraining the market's growth. Although, continuous technological advancements are fostering innovation and creating numerous opportunities for the further expansion of the medical robotics market.

Medical Robotics Market Size, Share, Trends, Industry | IGR

North America is expected to hold the most prominent market share in the upcoming forecast period. The dominance of the North American market in the medical robotics sector can be attributed to its well-established and robust healthcare infrastructure. The region boasts a strong foundation of healthcare facilities, including advanced hospitals, research centers, and academic institutions. This infrastructure provides a conducive environment for the adoption and integration of medical robotic technologies. Furthermore, North America also benefits from a significant level of investment in research and development, leading to the continuous innovation and advancement of medical robotics. Moreover, a high level of healthcare spending and insurance coverage in the region further supports the growth of the medical robotics market. As a result, North America is poised to maintain its leading position in this industry. Meanwhile, APAC is emerging as the fastest-growing region in the upcoming forecast period. The Asia Pacific region presents a favorable landscape for the expansion of the medical robotics market. This is attributed to the increasing presence of competent companies that are actively involved in the development, manufacturing, and distribution of medical robotic systems. These companies are capitalizing on the growing demand for advanced healthcare solutions in the region, driven by factors such as an expanding middle-class population, rising healthcare awareness, and improving healthcare infrastructure.

Report Scope of the Medical Robotics Market:

Report Coverage Details
Market Size in 2022 USD 8.14 Billion
Market Size by 2030 USD 28.77 Billion
Growth Rate from 2023 to 2030 CAGR of 14.94%
Largest Market North America
No. of Pages 255
Market Drivers
  • The medical robotics market is driven by the growing utilization of robot-assisted training in rehabilitation therapy.

  • The increasing preference for minimally invasive surgical procedures is a significant driver of growth in the medical robotics market.

Market Segmentation By Type, By Application, and By End User
Regional Scope North America, Europe, Asia Pacific, and RoW

Segment Covered

The report on global medical robotics market covers segments such as type, application, and end user. On the basis of type, the sub-markets include instruments and accesories, robotic systems, and services. On the basis of application, the sub-markets include laparoscopy surgeries, orthopedic operations, pharmacy application, physical rehabiliation, and neurosurgery. On the basis of end user, the sub-markets include hospitals, ambulatory surgery centres, and rehabiliatory centers.

The report provides profiles of the companies in the market such as Stryker Corporation, Medtronic, CMR Surgical Ltd., Intuitive Surgical, Inc., Johnson & Johnson MedTech, Boston Scientific Corporation, HANSON MEDICAL CENTRE, Ekso Bionics, Zimmer Biomet, and Omnicell.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the medical robotics market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Frequently Asked Questions (FAQ's)

The global medical robotics market was valued at USD 8.14 Billion in 2022.
It is likely to grow at a CAGR of 14.94% during the forecast period 2023-2030.
The global medical robotics market is estimated to reach USD 28.77 Billion by the end of 2030.
North America is anticipated to exhibit high demand for medical robotics market during the forecast period.
Stryker Corporation, Medtronic, CMR Surgical Ltd., Intuitive Surgical, Inc., Johnson & Johnson MedTech, Boston Scientific Corporation, HANSON MEDICAL CENTRE, Ekso Bionics, Zimmer Biomet, and Omnicell.
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