The Medical Robotic market is expected to grow at a CAGR of 15.8% to reach USD 23,432 Million in 2030.
Major factors driving the medical robotics market growth include technological progressions in medical robotic systems, benefits of robot-assisted drill while rehabilitation therapy, growing investments for medical robot research as well as allocation of IPOs (initial public offer) by medical robot organizations.
The global medical robotic market has been segmented by different product, application and geography. Further, product segment of the market is sub-divided into instruments & accessories and robotic systems. The instruments & accessories division of the segment accounted for the major medical robotics market share in 2017 and is expected to lead the market in upcoming years.
Likewise, application segment of the medical robots market across the globe is sub-segmented into neurosurgery, laparoscopy, orthopedic surgery, pharmacy applications and others (including medical robotic applications in urology, cardiology, gynecology, nanomedicine and rehabilitation). The neurosurgery segment is projected to mount at the largest CAGR over the forecast spell, owing to growing precision as well as improved quality of medical robots that has encouraged its usage in neurosurgery.
Geographically, the global medical robotics market is categorized into several key regions including Europe, North America, Asia Pacific and the Rest of the World. The market of Asia Pacific region is estimated to register the growth at the largest CAGR on account of the increasing elderly population, augmenting implementation of medical robots as well as enhancing training initiatives for surgeons through robotic learning.
Some of the key players operating in the competitive edge of global medical robots market include Stryker Corporation (US), Intuitive Surgical (US), Hansen Medical (US),Mazor Robotics (Israel), Hocoma (Switzerland), Omnicell (US), Accuray (US), Arxium (Canada) and Ekso Bionics Holdings (US).
Medical Robotic Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 23,432 Million|
|Growth Rate||CAGR of 15.8 % during 2022-2030|
|Segment Covered||By Product , Region.|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Smith and Nephew (UK), Strikers(US), Aethon (US), Intuitive Surgical (US), Major Robotics (Israel), Intouch Technologies Inc. (US), Renishaw plc (UK), MedTech SA (France)
Ekso Bionics (US), ReWalk Robotics (Us), Medrobotics Corporation(US), McKesson Corporation (US)
Key segments of the global medical robotics market include:
- Product segment of medical robotics market
- Instruments & Accessories
- Robotic Systems
- Surgical Robotic Systems
- Orthopedic Robotic Systems
- Neurosurgical Robotic Systems
- Laparoscopy Robotic Systems
- Rehabilitation Robotic Systems
- Therapeutic Robotic Systems
- Exoskeleton Robotic Systems
- Assistive Robotic Systems
- Other Rehabilitation Robots
- Noninvasive Radiosurgery Robotic Systems
- Hospital and Pharmacy Robotic Systems
- Pharmacy Robotic Systems
- IV Robotic Systems
- Other Robotic Systems
- Application segment of medical robotics market
- Orthopedic Surgeries
- Pharmacy Applications
- Other Applications
- Geographical Segmentation of medical robotics market
- North America
- Asia Pacific
- Rest of the World