Medical Robots Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Medical Robots Market size was estimated at USD 16.1 billion in 2023 and is projected to reach USD 32.4 billion in 2030 at a CAGR of 15.3% during the forecast period 2024-2030.

The medical robots market is transforming healthcare by integrating advanced robotics into various medical practices, enhancing precision, efficiency, and innovation. Medical robots are predominantly used in minimally invasive surgeries, which involve small incisions, offering greater accuracy and control. These systems often comprise mechanical and camera arms, providing surgeons with enhanced capabilities during complex procedures. Beyond surgery, medical robots are utilized in rehabilitation, patient care, and hospital logistics, demonstrating their broad applicability in the healthcare sector.

Surgical robots are a significant segment of the market, enabling procedures with unmatched precision, resulting in quicker patient recovery, reduced hospital stays, and fewer complications. These robots are increasingly used across various specialties, including orthopaedics, neurosurgery, and gynaecology, driven by the need for less invasive procedures that improve patient outcomes. Rehabilitation robots, another critical segment, deliver personalized therapy sessions through sophisticated algorithms that adjust to individual patient needs, thereby improving the effectiveness of physical rehabilitation.

Medical robots also revolutionize hospital operations. Robots are employed to deliver medications, transport specimens, and manage supplies, streamlining workflows, minimizing human error, and allowing medical staff to focus more on patient care. Telepresence robots break down geographical barriers, enabling remote consultations and surgeries. This expansion of access to medical expertise, particularly in underserved regions, fosters knowledge sharing and collaboration among healthcare professionals worldwide.

Despite these advancements, the high cost of acquiring and maintaining medical robots poses a significant challenge to widespread adoption, especially in resource-limited settings. Additionally, ethical and legal issues regarding patient privacy, data security, and potential job displacement in healthcare need addressing. However, ongoing research and technological advancements are expected to mitigate these challenges over time.

The market is also influenced by several key trends. The increasing adoption of robotic-assisted surgeries in diverse medical specialties is expanding market potential and driving innovation in specialized robotic systems. Personalized medicine is shaping the market, with customized robotic systems tailored to individual patient needs becoming more common, enhancing treatment efficacy and patient satisfaction. The rising global healthcare expenditure, supported by substantial investments from governments and private sectors, is accelerating the adoption of medical robots. Moreover, the aging global population and the rising prevalence of chronic diseases are critical drivers, as medical robots are essential in providing precise and effective treatment options.

The medical robots market is set for substantial growth, driven by technological advancements, increased healthcare investments, and the growing demand for minimally invasive procedures. The future promises enhanced precision, personalized healthcare, and expanded access to medical expertise, revolutionizing the healthcare landscape.

Delvens Industry Expert's Standpoint

The medical robots market is witnessing vigorous expansion, catalyzed by the escalating demand for robotic minimally invasive surgeries. These procedures offer myriad advantages, including reduced incisions, diminished discomfort, expedited recovery periods, and augmented surgical precision facilitated by advanced visualization technologies such as high-definition cameras. The burgeoning prevalence of intricate surgical interventions, notably knee and hip replacements, further amplifies the demand for surgical robots. Technological advancements—encompassing motion sensors, robotic catheter control systems, three-dimensional imaging, and the increasing frequency of FDA approvals for innovative products—are substantially accelerating market growth. Emerging economies present considerable opportunities, propelled by a surge in surgical procedures, burgeoning medical tourism, and conducive regulatory frameworks. Nevertheless, the exorbitant costs associated with robotic systems, exemplified by the da Vinci system and CyberKnife, alongside substantial maintenance expenses, constitute significant impediments to market proliferation. Notwithstanding these challenges, the market is anticipated to sustain its growth trajectory, with future projections heralding continuous technological innovation and strategic expansion in emerging markets. This will invariably lead to broader adoption and heightened precision in medical interventions, thereby transforming the landscape of contemporary healthcare.

Market Portfolio

Key Findings

• On the basis of Type, the type segmentation of the medical robotics market, including equipment, service, and consumables, drives market growth by catering to diverse needs. The equipment segment, dominating in 2022, encompasses fundamental modules such as controller units and manipulators—robot arms with jointed segments, sensors, drive systems, and effectors. The procurement of complete robotic systems is capital-intensive, undergoing stringent regulatory checks and clinical trials before market entry. This rigorous process ensures high-quality, reliable equipment, enhancing surgical precision and patient outcomes. Consequently, the investment in advanced robotic equipment propels market expansion by improving healthcare capabilities and fostering technological advancements.

• On the basis of Product, The diverse product segmentation in the medical robotics market, including surgical, rehabilitation, noninvasive radiosurgery, hospital, pharmacy, emergency response, logistics/handling, and imaging robots, fosters robust market growth by addressing various medical needs. Rehabilitation robots, dominating in 2023, enhance patient recovery by facilitating movement practice through robotic devices. Notable advancements, such as AI-based Inrobics Social Robotics and Toyota's Welwalk WW-2000, exemplify rapid technological integration, particularly for sensorimotor deficit rehabilitation. These innovations, coupled with advancements in surgical robots for diverse procedures and hospital automation, significantly drive market expansion by improving healthcare outcomes and operational efficiency.

• On the basis of Application, The application segmentation of the medical robotics market into areas such as neurology, oncology, orthopedics, laparoscopy, cardiology, aesthetic surgery, rehabilitation, and angiography drives market growth by addressing specific medical needs with precision and efficiency. The laparoscopy segment, holding the largest market share in 2022, exemplifies this impact. The increasing adoption of robot-assisted laparoscopic procedures, supported by enhanced funding and reimbursement frameworks, underscores the significant benefits such as minimal incisions, reduced pain, quicker recovery, and less blood loss. These advantages boost demand for minimally invasive surgeries, thereby propelling the expansion and technological advancement of the medical robotics market.

• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America held the largest Medical Robots Market share due to the widespread adoption of robot-assisted surgical instruments, rising hip and knee surgeries, and the prevalence of lifestyle diseases in the region.

Regional Analysis

North America to Dominate the Market

• North America holds the largest market share in the medical robots market, attributed to several key factors. The region is home to numerous medical robot manufacturers, which fosters innovation and availability. Additionally, there is a significant and growing adoption of robotic systems by hospitals, reflecting a preference for advanced medical technologies. The increasing volume of robotic-assisted surgical procedures further drives market growth, as these procedures offer enhanced precision and patient outcomes. Favorable reimbursement policies in North America also support the widespread use of medical robots, reinforcing the region's leading position in the global market.

Competitive Landscape

• iRobot Corporation
• Titan Medical Inc.
• Hansen Technologies
• Renishaw plc
• Intuitive Surgical
• Medtronic
• DENSO Products and Services Americas, Inc.
• Accuray Incorporated
• Stryker
• Varian Medical Systems, Inc.
• Stereotaxis, Inc.
• Ekso Bionics
• CYBERDYNE INC.
• BIONIK
• Smith+Nephew
• Zimmer Biomet
• Omnicell. Inc.
• ARxIUM

Recent Developments

• In July 2022, Becton, Dickinson & Company (US) acquired Parata Systems (US) to offer a portfolio of innovative pharmacy automation solutions aimed at reducing costs, enhancing patient safety, and improving the patient experience for retail, hospital, and long-term care pharmacies.

• In April 2024, iRobot Corporation launched the Roomba Combo Essential Robot, enhancing affordability and expanding access to robotic cleaning technology for a broader customer base.

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Report Scope