Medical Robots Market Size, Share, Analysis, Trends, Growth, Forecasts 2032

Global Medical Robots Market Overview

According to the report, the global medical robots market size was valued at approximately USD 14.23 billion in 2023 and is expected to generate around USD 54.95 billion by 2032, at a CAGR of around 16.2% between 2024 and 2032.

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The report covers a forecast and an analysis of the medical robots market on a global and regional level. The study provides historic data for 2018 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints of the medical robots market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the medical robots market on a global and regional level.

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In order to give the users of this report a comprehensive view of the medical robots market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the medical robots market on a global and regional basis.

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Global Medical Robots Market: Segmentation Analysis

The study provides a decisive view of the medical robots market by segmenting the market based on product type, application, end-user, and region. By product type, the medical robots market is segmented into robotic systems and accessories and instruments. The robotic systems have been sub-segmented into non-invasive radiosurgery robots, surgical robots, pharmacy and hospital automation robots, and rehabilitation robots. Surgical robots have been further divided into cardiology robotic systems, neurological robotic systems, laparoscopic robotic systems, steerable robotics, and orthopedic robotic systems.

Pharmacy and hospital automation robots have been further divided into IV robots and pharmacy automation robots. Rehabilitation robots have been further divided into prosthetic robots, therapeutic robots, exoskeleton robots, and assistive robots. The application segment includes orthopedic, neurology, laparoscopic, cardiology, and others. The end-user segment includes clinics, ambulatory surgical centers, and hospitals.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa which its further divided into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil.

Medical Robots Market: Report Scope

Key Market Players & Competitive Landscape

Some key players in the global medical robots market are Stryker Corporation, Intuitive Surgical, Inc., Mazor Robotics Ltd., Hocoma AG, Hansen Medical Inc., Omnicell, Inc., Accuray Incorporated, Engineering Services Inc., Ekso Bionics Holdings Inc., and Kirby Lester LLC, among others.

This report segments the global medical robots market into:

Global Medical Robots Market: By Product Type

• Robotic Systems
  • Non-Invasive Radiosurgery Robots
  • Surgical Robots
    • Cardiology Robotic Systems
    • Neurological Robotic Systems
    • Laparoscopic Robotic Systems
    • Steerable Robotics
    • Orthopedic Robotic Systems
  • Pharmacy and Hospital Automation Robots
    • IV Robots
    • Pharmacy Automation Robots
  • Rehabilitation Robots
    • Prosthetic Robots
    • Therapeutic Robots
    • Exoskeleton Robots
    • Assistive Robots
• Accessories and Instruments

Global Medical Robots Market: By Application

• Orthopedic
• Neurology
• Laparoscopic
• Cardiology
• Others

Global Medical Robots Market: By End-User

• Clinics
• Ambulatory Surgical Centers
• Hospitals

Global Medical Robots Market: By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa