Medical Robotics Market is expected to exhibit significant growth over the forecast period. The market was valued at approximately USD 23,432 Million by 2025 and is projected to register a 23.21% CAGR over the forecast period.
The primary factors contributing to the market growth worldwide are growing geriatric population, rising preference for minimally invasive surgeries (MISs), increasing adoption of advanced medical technologies and medical robotics, growth in funding for medical robot research, and mounting technological developments in the medical robotics coupled with increase in surgeon/patient acceptance of both laparoscopic procedures and robotic assistance. On the contrary, the dearth of trained medical personnel and safety concerns over robotic surgery devices are anticipated to limit the adoption of healthcare robotics over the forecast period.
Segmentation
The Global Medical Robotics Market has been segmented into product, application, end-user, and region.
The Global Medical Robotics Market, by product, has been segmented into surgical robotic systems, rehabilitation robotic systems, hospital & pharmacy robotic systems, noninvasive radiosurgery robotic systems, and others.
Based on application, the global medical robotics market has been segmented into laparoscopy, neurosurgery, cardiology, orthopedic surgery, pharmacy applications.
The global medical robotics market, by end user, has been segmented into hospitals and clinics, specialty centers, rehabilitation centers, and others.
Key Players
Smith & Nephew (UK), Stryker (US), Aethon (US), Intuitive Surgical (US), Mazor Robotics (Israel), InTouch Technologies, Inc. (US), Renishaw plc (UK), Medtech SA (France), Ekso Bionics (US), ReWalk Robotics (US), Medrobotics Corporation (US), and McKesson Corporation (US) are some of the key players operating in the global medical robotics market.
Global Medical Robotics Market, by Application
- Surgical Robotic Systems
- Rehabilitation Robotic Systems
- Hospital & Pharmacy Robotic Systems
- Noninvasive Radiosurgery Robotic Systems
- Others
Global Medical Robotics Market, by Application
- Laparoscopy
- Neurosurgery
- Cardiology
- Orthopedic Surgery
- Pharmacy Applications
- Others
Global Medical Robotics Market, by End User
- Hospitals and Clinics
- Specialty Centers
- Rehabilitation Centres
- Others
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