Global Medical Robotics Systems Market is Likely to Grow at a CAGR Value of 16.80% by 2028

05-Aug-2022 | Zion Market Research

The global medical robotics systems market size was worth USD 15,295.20 million in 2021 and is estimated to grow to USD 38,834.00 million by 2028, with a compound annual growth rate (CAGR) of approximately 16.80 percent over the forecast period. The report analyzes the medical robotics systems market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the medical robotics systems market.

Medical robot systems are advanced medical systems based on the principles of artificial intelligence, utilizing robotics and automation during medical procedures. A wide range of medical robot systems has been developed according to needs and surgical sites. As a result, medical robot systems provide greater precision and precision during surgery. The rapid growth of medical robot systems is due to a combination of technological improvements such as more efficient motors, more compact & lightweight materials, backup power supplies, advanced control & safety mechanisms, and more economical versions. In addition, the growing demand for minimally invasive surgery further boosts the market for medical robot systems. Medical robot systems are widely used in minimally invasive surgery in gynecology, cosmetics, laparotomy, laparoscopic surgery, and flexible endoscopic surgery. These techniques minimize complications, reduce the risk of infection, reduce pain, and reduce recovery times, resulting in shorter hospital stays than traditional treatments. These factors help drive the adoption and acceptance of medical robot systems by many medical institutions and centers.

A medical robot system is a self-sufficient computer-controlled device programmed to assist in the positioning and operation of surgical instruments. However, the high costs associated with surgical robots and the lack of skilled professionals in developing countries are the main factors hampering the global medical robotics systems market growth. Increasing funding for R&D activities by governments & private organizations, rapid growth in robotics technology, and increased acceptance of minimally invasive surgery are key factors driving the demand for medical robot systems worldwide. In addition, the increasing number of surgeries increased hospital purchasing power, and the growing population of the elderly are factors driving the global medical robot system market.

The global medical robotics systems market is segregated on the basis of product & service, application, end-user, end user, and region. By product & service, the market is divided into instrument & accessories, robotic systems, and services. Among these, the instrument & accessories segment dominates the market. The market is classified by laparoscopy, orthopedic surgery, pharmacy applications, physical rehabilitation, external beam radiation therapy, neurosurgery, and other applications. Over the forecast period, the laparoscopy segment is expected to develop at the fastest rate. By end-use, the market is classified into on-premise solutions, cloud-based solutions, hospitals, ambulatory surgery centers, rehabilitation centers, and other end users. The hospital segment dominates the market during the forecast period.

North America has the largest share in the global medical robot system market due to the increasing technological advances in medical robots by medical companies. The increased prevalence of chronic diseases and the increasing number of patients with neurological disorders is an additional factor driving market demand for surgery, rehabilitation, and other robots in North America. In addition, the rapidly developing hospital and healthcare infrastructure in Asia Pacific and Europe is projected to increase demand for surgical and rehabilitation robots during the forecast period.

Key players functioning in the global medical robotics systems market include RENISHAW, INTUITIVE SURGICAL, STRYKER CORPORATION, ACCURAY, DICKINSON AND COMPANY, MEDTRONIC, OMNICELL, ZIMMER BIOMET, SMITH & NEPHEW, BECTON, HOCOMA AG, CYBERDYNE, EKSO BIONICS, ARXIUM, TRANSENTERIX, REWALK ROBOTICS, CMR SURGICAL, GOLLMANN KOMMISSIONIERSYSTEME GMBH, BIONIK LABORATORIES CORP., AURIS HEALTH, and AVATERAMEDICAL GMBH, ZAP SURGICAL SYSTEMS.

Recent developments:

  • In November 2020, Artificial Intelligence Technology Solutions, Inc., a wholly owned subsidiary of Robotic Assistance Devices (RAD), is the world's top medical device company that employs approximately 50,000 people for what RAD marks as the first of several HSOs. Announced that it received an order from 20 (Health Screening) expects the optional) unit to be used to manufacture one of its customer's facilities.

Browse the full Medical Robotics Systems Market by Product & Service (Instrument & Accessories, Robotic Systems, and Services), by Application (Laparoscopy, Orthopedic Surgery, Pharmacy Applications, Physical Rehabilitation, External Beam Radiation Therapy, Neurosurgery, and Other Applications), by End User (On-premise solutions, Cloud-based solutions, Hospitals, Ambulatory Surgery Centers, Rehabilitation Centers, and Other End Users), and by Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/medical-robotic-systems-market

Global medical robotics systems market is segmented as follows:

 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
  • Other End Users

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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