Medical Robotics Market Share is Expected to Witness Healthy Valuation of USD 23.6 Billion at a 15.8% CAGR by 2030
Research Reports
Jul 17, 2023
Medical robotics market Research Report Information By Product (Surgical Robotic Systems, Rehabilitation Robotic Systems, Hospital & Pharmacy Robotic Systems, and Noninvasive Radiosurgery Robotic Systems), By Application (Laparoscopy, Neurosurgery, Cardiology, and Orthopedic Surgery & Pharmacy Applications), By End User (Hospitals & Clinics, Specialty Centers, and Rehabilitation Centers), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
According to MRFR analysis, the global medical robotics market is expected to register a CAGR of 15.8% from 2022 to 2030 and hold a value of over USD 23.6 billion by 2030.
The Global Medical Robotics Market refers to the use of robotic technologies in medical and healthcare applications. Medical robots are used to perform various tasks such as surgical procedures, diagnosis, rehabilitation, and prosthetics. These devices are used in hospitals, clinics, and other healthcare facilities to improve patient outcomes, increase efficiency, and reduce healthcare costs.
The COVID-19 pandemic had a significant impact on the global medical robotics market. There has been an increased demand for medical robots in the fight against the pandemic. Robots have been used to assist with patient care, disinfection, and remote monitoring. The pandemic has also had negative impacts on the market. Many hospitals and healthcare facilities have delayed or canceled elective surgeries and other procedures, which has slowed the adoption of medical robots for surgical applications.
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Competitive Outlooks
Some of the key market players are:
- 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)
Market Segmentation
The Global Medical Robotics Market has been segmented into product, application and end user.
Based on the product, the market has been segmented into surgical robotic systems, rehabilitation robotic systems and hospital & pharmacy robotic systems.
Based on the application, the market has been segmented into laparoscopy, neurosurgery and cardiology.
Based on the end user, the market has been segmented into hospitals & clinics, specialty centers and rehabilitation centers.
Regional Analysis
The largest region of the global medical robotics market is North America. The region has a well-established healthcare infrastructure and a high adoption rate of advanced medical technologies, which has led to a large demand for medical robotics. The United States, in particular, is a significant contributor to the growth of the market in North America, as it has a large number of medical robotics manufacturers and a high demand for robotic surgery.
Browse In-depth Market Research Report (110 Pages) on Medical Robotics: https://www.marketresearchfuture.com/reports/medical-robotics-market-1311
Europe is also a significant market for medical robotics, with countries such as Germany, France, and the United Kingdom leading the way in terms of adoption and innovation. The Asia-Pacific region is expected to be the fastest-growing market for medical robotics, driven by the increasing demand for healthcare services, rising healthcare expenditure, and the adoption of advanced technologies.
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