The ‘Global Medical Robots Market Size, Share, Price, Outlook, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global medical robots market, assessing the market on the basis of its segments like types, applications, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Medical Robots Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): More Than USD 10.4 Billion
• Forecast CAGR (2023-2028): 22.30%
The medical robots market is being driven by the growing demand for robots to enhance patient care and support healthcare while streamlining supply delivery and disinfection. In hospitals, medical robots are widely used to distribute medicine to patients, clean and prepare patient rooms, and limit person-to-person contact in infectious disease wards.
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There is a rising usage of surgical robotic systems to enable surgeons to perform complex surgical procedures with enhanced precision. The reliability and minimally invasive benefits offered by surgical robotic systems are boosting their usage to enhance the cost-effectiveness of surgeries and reduce blood loss and complications in patients. Moreover, surgeons are preferring surgical robotic systems with enhanced precision control and improved visualisation to improve patient outcomes.
As they offer customised patient monitoring, alleviate the workload of medical professionals, simplify routine tasks, and streamline clinical workflows, the demand for medical robots is likely to grow in the forecast period.
Medical Robots Industry Definition and Major Segments
Medical robots refer to machines and equipment that are utilised in medical applications to improve patient care, enhance the efficiency of clinical settings, and reduce the workload of healthcare providers. They are equipped with various components, including manipulator and control units, and are available in a wide variety of sizes and types. They streamline clinical flows and perform repetitive and complex tasks in the healthcare sector.
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The medical robots market, based on type, is divided into:
• Surgical Robotic Systems
• Rehabilitative Robotic Systems
• Non-invasive Radiosurgery Robots
• Hospital and Pharmacy Robotic Systems
The various applications of medical robots include:
• Orthopaedic Surgery
By end use, the market is divided into:
• Hospitals and Clinics
• Speciality Centres
• Rehabilitation Centres
The major regional markets of medical robots include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Medical Robots Market Trends
Medical robots, combining data analytics and 3D imaging, are used to precisely perform orthopaedic surgeries, including hip and knee replacement. Besides, medical robots are also leveraging artificial intelligence (AI) and computer vision to gain detailed information during surgical procedures and improve overall patient outcomes.
The rising cases of brain disorders, the increasing focus on reducing healthcare costs, and the surging emphasis on rapid recovery rates of patients are driving the medical robots market growth.
There is a growing interest in the use of rehabilitative robotic systems for efficiently delivering repetitive, controlled, and intense training to patients while providing quantitative assessments of patients. Key medical robots market players are also developing portable and lightweight rehabilitative robotic systems equipped with passive elements like dampers and brakes, among others, to further enhance their functionality and usage in the coming years.
Key Market Players
The major players in the medical robots market report are Auris Health, Inc., Intuitive Surgical, Inc., Medrobotics Corporation, Stryker Corporation, and Omnicell, Inc., among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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