Medical Robots Market Size, By Product (Surgical Robots, Telemedicine Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots, Pharmacy and Hospital Automation Robots), By Application (Neurology Applications, Cardiology Applications, Orthopedic Ap

Medical Robots Market Size, By Product (Surgical Robots, Telemedicine Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots, Pharmacy and Hospital Automation Robots), By Application (Neurology Applications, Cardiology Applications, Orthopedic Applications, Laparoscopic Applications, Physical Rehabilitation, Pharmacy Applications), By End-use (Hospitals, Rehabilitation Centers, Ambulatory Surgical Centers (ASCs)), Industry Analysis Report, Country Outlook, Growth Potential, Application Potential, Competitive Market Share & Forecast, 2023-2032

Global Medical Robots Market is estimated to showcase positive trajectory through 2032 owing to the dramatic increase in the number of robot-assisted surgeries which have had a substantial impact on healthcare plans.

Increasing healthcare spending for offering more effective healthcare infrastructure, growing disposable income, constantly expanding geriatric population, as well as rising need for robotics in healthcare institutions are some of the significant factors accountable for improved adoption of medical robots globally. Recently, healthcare facilities have seen a marked increase in the number of patients undergoing various implant surgeries, along with increasing patient knowledge of the availability of better robot-assisted rehabilitation care services.

In addition, tech innovations in medical robot use, efficiency, and accuracy will have a positive impact on the industry growth. For instance, in June 2020, Accuray Incorporated revealed the release of the CyberKnife S7 System, a medical robot designed for radiation therapy care. The novel launch enabled the company to expand its product line and boost sales.

The medical robots market has been divided in terms of product, application, end-use, and region.

Based on product, the rehabilitation robots segment is slated to grow at more than 18.5% CAGR from 2023 to 2032. The growing demand for these robots can be supported by a significant rise in patients with limb disparities. Moreover, robotic rehabilitation is deemed to be helpful for people with sensorimotor deficits brought on by neurological disorders.

With respect to application, the neurology applications segment is poised to amass sizable growth through 2032. Growing prevalence of neurological disorders worldwide is slated to impact the demand for medical robots in the coming years. According to the European Academy of Neurology, 1 in 3 people are affected by a neurological disorder at some point in life. Meanwhile, almost 40% people have lost their lives due to these over the past 30 years.

In terms of end-use, the rehabilitation centers segment is projected to thrive over the review timeline credited to the rising use of rehabilitation machines by people with physical impairments. Furthermore, rising patient numbers with co-morbidities and increased awareness of cutting-edge technologies in rehabilitation facilities will fuel the market demand for medical robots.

From the regional perspective, the Asia Pacific medical robots market is speculated to grow at 18% CAGR from 2023 to 2032 fueled by the growing initiatives by the local governments to control and treat chronic diseases.