Medical Robotic Systems Market Size
The Medical robotic systems market is to surpass USD 49 billion by 2030 from USD 9.8 billion in 2021 at a CAGR of 19.70% in the coming years, i.e., 2021-30.
A medical robot is a robot used in the medical sciences to perform tasks like surgeries, rehabilitation, pharmacy usage, and assisting medical professionals. Advancements in technologies along with an increase in surgeon-patient relationships and acceptance of robotic assistants, laparoscopic methods, and medical imaging are increasing the growth of this sector. The usage of medical robotic systems helps in improving the outcome of surgery and causes less patient trauma. The continuous rise in the inefficiency of the medical robots in the use of tasks like surgeries and assistance has led to the increased adoption of these robots in the medical field.
Market Highlights
The Medical robotic systems market is expected to project a CAGR of 19.70% during the forecast period, 2021-2030
New technological advancements such as the availability of developed software, imaging systems, and capsule robotic systems increase the market growth of medical robotic systems. The increase in the generic population having weak bone density levels as well as injuries during accidents can also spur the market growth. Higher per capita healthcare spending in the sector also acts as a driving agent in the market.
Medical Robotics Systems Market: Segments
The Polyurethane segment to grow with the highest CAGR of XX% during 2020 to 2030
By product type, the market is segmented into surgical robots, telepresence robots, rehabilitation robots, and others. Surgical robots dominated the segment owing to the rapid advancements and rising demand for minimal surgical procedures.
The Polyurethane segment to grow with the highest CAGR of XX% during 2020 to 2030
By the end-user, it can be classified into hospitals, ambulatory surgery centers, rehabilitation centers, and others. The low-cost robotic systems and accessories enable hospitals to afford them and thus accelerating the demand for the segment.
Market Dynamics
Drivers
Technological advancements and higher per capita healthcare spending to increase growth
New technological advancements such as the availability of developed software, imaging systems, and capsule robotic systems increase the market growth of medical robotic systems. The increase in the generic population having weak bone density levels as well as injuries during accidents can also spur the market growth. Higher per capita healthcare spending in the sector also acts as a driving agent in the market.
High system costs and government restrictions hamper the market growth
High costs for medical robotic systems as well as safety conditions involved in robotic surgeries are expected to hamper the growth of the market. Additionally, government regulations also restrict the growth of the market. Furthermore, the huge number of technical difficulties and complications during performing procedures are also likely to act as restraints in the market. The risks associated with the use of robots in medical fields might also act as a restraining agent in the growth of the medical robots market.
Medical Robotics Systems Market: Regions
North America dominates the regional segment owing to the increase in the generic population having weak bone density levels as well as injuries during accidents. Increased adoption of surgical robots by hospitals and the availability of technologically advanced medical robots also increase growth in the region.
The Medical robotic systems market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Medical Robotics Systems Market: Key players
- Intuitive Surgical, Stryker Corporation
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Mazor Robotics
- Hocoma
- Hansen Medical
- Accuray
- Omnicell
- Arxium
- Ekso Bionics Holdings
- Other Prominent Players
The medical robotic systems market report also contains an analysis on:
Medical robotic systems market segments:
- By product type
- Surgical robots
- Telepresence robots
- Rehabilitation robots
- others
- By End-user
- Hospitals
- Ambulatory surgery centers
- Rehabilitation centers
- others
- Medical robotic systems market Dynamics
- Medical robotic systems market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Frequently Asked Questions (FAQ):
The Medical robotic systems market size was estimated at USD 9.8 billion in 2021 and is expected to reach USD 49 billion by 2031
Intuitive Surgical, Stryker Corporation, Mazor Robotics, Hocoma, Hansen Medical, Accuray, Omnicell, Arxium, Ekso Bionics Holdings, Other Prominent Players
The Polyurethane segment and The Polyurethane segment are anticipated to hold the Medical robotic systems market
Drivers.Technological advancements and higher per capita healthcare spending to increase growth
A medical robot is a robot used in the medical sciences to perform tasks like surgeries, rehabilitation, pharmacy usage, and assisting medical professionals. Advancements in technologies along with an increase in surgeon-patient relationships and acceptance of robotic assistants, laparoscopic methods, and medical imaging are increasing the growth of this sector.
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