Global Medical Robot Market Size, Trends & Growth Opportunity By Product Type (Non-Invasive Radiosurgery Robots, Surgical Robots, Pharmacy & Hospital Automation Robots and Others), By Application (Cardiology, Laparoscopic, Neurology, Orthopedic, and Others), By End User (Clinics, Hospitals, and Ambulatory Surgical Centers), By Region and Forecast till 2027.
Market Overview
Global Medical Robot Market was valued at USD 8.2 billion in 2021 which is expected to reach USD 25.87 billion by 2027 at a CAGR 19.24 % from 2022-2027.
Medical robots are employed in a variety of medical applications, such as cardiology, laparoscopic surgery, neurology, orthopedics, and others. The rapid adoption of medical robots in the medical industry is largely due to the increase in efficiency of these robots in performing tasks like surgeries.
Market Drivers
The key growth drivers for the global medical robots market are the increase in demand for precise laparoscopic surgeries and the rising demand for surgical procedures in the geriatric population. Additionally, a rise in trauma injuries will favorably affect market expansion. Additionally, the market will grow as a result of rising technological advancements and per capita healthcare spending. Additionally, an increase in the number of technology transfer partnerships with third-party suppliers to create new robotic system applications is anticipated to fuel market expansion.
Market Restraints
However, the primary challenging factors that are anticipated to restrain the growth of the global medical robot market are safety concerns regarding robotic surgery devices.
Market Segmentation
Global Medical Robot Market is segmented into product type such as Non-Invasive Radiosurgery Robots, Surgical Robots, Pharmacy & Hospital Automation Robots, Rehabilitation Robots, and Accessories and Instruments, by application such as Cardiology, Laparoscopic, Neurology, Orthopedic, and Others. Further, market is segmented into end user such as Clinics, Hospitals, and Ambulatory Surgical Centers.
Also, Global Medical Robot Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The largest revenue share was accounted for by Asia Pacific. In the upcoming years, market growth is anticipated to be positively reinforced by an ageing population with low bone density levels and injuries sustained in accidents. The key elements that are anticipated to drive market growth in the Asia Pacific region include the presence of emerging opportunities, improved healthcare infrastructure, adoption of minimally invasive surgeries, and rising patient awareness.
Market Key Players
Various key players are discussed in this report such as Stryker Corporation, Intuitive Surgical, Hocoma, Mazor Robotics, Hansen Medical, Accuray, Omnicell, ARxIUM, Ekso Bionics, and Kirby Lester
Market Taxonomy
By Product Type
- Non-Invasive Radiosurgery Robots
- Surgical Robots
- Pharmacy & Hospital Automation Robots
- Rehabilitation Robots
- Accessories and Instruments
- Cardiology
- Laparoscopic
- Neurology
- Orthopedic
- Others
- Clinics
- Hospitals
- Ambulatory Surgical Centers
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Medical Robot Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Medical Robot Market, By Product Type
- 5.1 Y-o-Y Growth Comparison, By Product Type
- 5.2 Global Medical Robot Market Share Analysis, By Product Type
- 5.3 Global Medical Robot Market Size and Forecast, By Product Type
- 5.3.1 Non-Invasive Radiosurgery Robots
- 5.3.2 Surgical Robots
- 5.3.3 Pharmacy & Hospital Automation Robots
- 5.3.4Rehabilitation Robots
- 5.3.5Accessories and Instruments
- 6 Global Medical Robot Market, By Application
- 6.1 Y-o-Y Growth Comparison, By Application
- 6.2 Global Medical Robot Market Share Analysis, By Application
- 6.3 Global Medical Robot Market Size and Forecast, By Application
- 6.3.1 Cardiology
- 6.3.2 Laparoscopic
- 6.3.3 Neurology
- 6.3.4Orthopedic
- 6.3.5Others
- 7 Global Medical Robot Market, By End User
- 7.1 Y-o-Y Growth Comparison, By End User
- 7.2 Global Medical Robot Market Share Analysis, By End User
- 7.3 Global Medical Robot Market Size and Forecast, By End User
- 7.3. 1 Clinics
- 7.3.2 Hospitals
- 7.3.3Ambulatory Surgical Centres
- 8Global Medical Robot Market, By Region
- 8.1 Global Medical Robot Market Share Analysis, By Region
- 8.2 Global Medical Robot Market Share Analysis, By Region
- 8.3 Global Medical Robot Market Size and Forecast, By Region
- 9 North America Medical Robot Market Analysis and Forecast (2022 – 2027)
- 9.1 Introduction
- 9.2 North America Medical Robot Market Share Analysis, By Product Type
- 9.3 North America Medical Robot Market Size and Forecast, By Application
- 9.4 North America Medical Robot Market Size and Forecast, By End User
- 9.5 North America Medical Robot Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10Europe Medical Robot Market Analysis and Forecast (2022 – 2027)
- 10.1 Introduction
- 10.2 Europe Medical Robot Market Share Analysis, By Product Type
- 10.3 Europe Medical Robot Market Size and Forecast, By Application
- 10.4 Europe Medical Robot Market Size and Forecast, By End User
- 10.5 Europe Medical Robot Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.54. Rest of Europe
- 11Asia Pacific Medical Robot Market Analysis and Forecast (2022 – 2027)
- 11.1 Introduction
- 11.2 Asia Pacific Medical Robot Market Share Analysis, By Product Type
- 11.3 Asia Pacific Medical Robot Market Size and Forecast, By Application
- 11.4 Asia Pacific Medical Robot Market Size and Forecast, By End User
- 11.5 Asia Pacific Medical Robot Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12Latin America Medical Robot Market Analysis and Forecast (2022 – 2027)
- 12.1 Introduction
- 12.2 Latin America Medical Robot Market Share Analysis, By Product Type
- 12.3 Latin America Medical Robot Market Size and Forecast, By Application
- 12.4 Latin America Medical Robot Market Size and Forecast, By End User
- 12.5 Latin America Medical Robot Market Size and Forecast, Country
- 13Middle East Medical Robot Market Analysis and Forecast (2022 – 2027)
- 13.1 Introduction
- 13.2 Middle East Medical Robot Market Share Analysis, By Product Type
- 13.3 Middle East Medical Robot Market Size and Forecast, By Application
- 13.4 Middle East Medical Robot Market Size and Forecast, By End User
- 13.5 Middle East Medical Robot Market Size and Forecast, By Country
- 14Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15Company Profiles
- 15.1 Stryker Corporation
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Intuitive Surgical
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Hocoma
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Mazor Robotics
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Hansen Medical
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Accuray
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Omnicell
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 ARxIUM, Ekso Bionics,
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Kirby Lester
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 AeroVironment
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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