Medical Robots Market Size, Share, Opportunities, And Trends By Product (Surgical Robotic Systems, Rehabilitation Robotic Systems, Pharmacy Robotics Systems, Non-Invasive Radiosurgery Robotics Systems), By Application (Laparoscopy, Neurosurgery, Dispensing Medicines, Orthopedics Surgery, Others), And By Geography - Forecasts From 2025 To 2030

Medical Robots Market Size:

The Medical Robots Market is expected to grow from US$7,218.564 million in 2025 to US$12,789.804 million in 2030, at a CAGR of 12.12%.

Medical robots make all medical operations simpler, more secure, and more efficient. These robots are being used to perform surgeries with high precision as the error rate is negligible. Hospitals make use of medical robots worldwide for tasks requiring precision and promptness. The success rate of the surgeries performed by robots is much higher compared to those by humans, which is the primary reason behind the surge in the demand for medical robots across the globe. Also, increasing the investment in the healthcare sector by the governing bodies of various countries will fuel the market growth during the forecast period. According to CMS, 2020, in the United States, healthcare spending grew 4.6% in 2019, reaching $3.8 trillion or $11,582 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 17.7%.  In addition, in countries like the United States and Europe, robots are used for mixing and measuring medicines, especially those used in chemotherapy. These are very helpful in avoiding the chances of human error which otherwise can cause deleterious effects. The use of robots for the mixing and measuring of medicines in chemotherapy will propel the market growth as the number of patients suffering from cancer, nationwide are on a surge which will increase the demand for robots in the next few years. According to the National Cancer Institute, in 2020, there will be an estimated 1,806,590 new cases of cancer diagnosed in the United States.

Moreover, the increase in funding for medical robots, technological advancements, and issuing IPOs by medical robot companies are some of the driving factors driving the growth of the global medical robots market in the forecast period. The key market players have been launching new products, acquiring and merging with competitors, to remain competitive in the market which will further strengthen the market growth. For instance, in October 2019, Stryker Corporation, acquired Wright Medical Group N.V., a global medical device company focused on extremities and biologics to complement their product portfolio. Also, with the adoption of minimally invasive surgeries, the number of invasive surgeries being performed has spiked, which in turn will bolster the demand for surgical robots emanating the market growth in the coming years. According to the NCBI, 2019, at least 230 million invasive procedures were being performed annually, worldwide. Furthermore, medical robots can be used in several applications such as telepresence, surgical assistants, rehabilitation robots, medical transportation robots, sanitation, and disinfection robots, and many more, which will further contribute to their market growth during the forecast period. For instance, In May 2019, Bionik, a robotics company, completed the training for Robot-Assisted Training for the Upper Limb after Stroke (RATULS) trial by applying to the companies in Motion Robotic Therapy Systems.

Medical Robots Market Segmentation Analysis:

By product, rehabilitation Robotic Systems are the leading segment owing to the early adoption of robots used in rehabilitation therapy. By application, the laparoscopy segment is expected to have a dominant market share due to the increasing number of surgical laparoscopic procedures being conducted globally using the adoption of surgical robots in the surgeries. Geographically, Asia Pacific will witness significant market growth on account of the increasing geriatric population of the region and the rising incidence of chronic diseases in countries like India and China. North America will also hold a notable market share owing to the early adoption of robots for medical procedures.

Segmentation Analysis: Growth Factor:

• Increase in the geriatric population.

The increase in the geriatric population across the globe is expected to drive the market growth of the medical robots market as the population aged above the age of 65 years are more prone to chronic diseases for which they will require precision surgeries, which in turn will accelerate the demand for robots in the market. According to the United Nations, in 2019, the geriatric population was 703 million persons, nationwide. The number of older persons is projected to double to 1.5 billion in 2050, this will fuel the market growth during the forecast period. 

Medical Robots Market Restraints:

• High costs.

Robot-assisted surgeries are much costlier than minimally invasive surgeries which may restrain the market growth in the long run as the majority of the population might not be able to afford them. Also, many small hospitals might not adopt this technology as the regularly maintained cost of these robots is very high which they might not be able to afford due to budgetary constraints. The annual maintenance cost of a robot is nearly USD 125,000, which further adds to the existing high cost of robotic surgery. Thus, the high costs associated with medical robots may hamper the market growth during the forecast period.

Medical Robots Market Competitive Insights:

The market leaders for the medical robots market consist of Intuitive Surgical, Inc., Stryker Corporation, Hocoma, Medtronic PLC, Auris Health, Inc., Accuray Incorporated, Omnicell, Inc., ARxIUM group of companies, Ekso Bionics Europe GmbH, and Capsa Healthcare, LLC. The key players in the market implement growth strategies such as product launches, mergers, acquisitions, etc. to gain a competitive advantage over their competitors.  For instance, in December 2018, Medtronic PLC, a medical device company, acquired Mazor Robotics, an Israeli medical device company and manufacturer of a robotic guidance system for spine surgery to enhance their medical robotics technology.

Medical Robots Market Scope:

Report Metric	Details
Medical Robots Market Size in 2025	US$7,218.564 million
Medical Robots Market Size in 2030	US$12,789.804 million
Growth Rate	CAGR of 12.12%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Product Application Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Medical Robots Market	Intuitive Surgical, Inc. Stryker Corporation Hocoma Medtronic PLC Auris Health, Inc.
Customization Scope	Free report customization with purchase

 

The medical robots market is analyzed into the following segments:

• By Product
  • Surgical Robotic Systems
  • Rehabilitation Robotic Systems
  • Pharmacy Robotics Systems
  • Non-Invasive Radiosurgery Robotics Systems
• By Application
  •  Laparoscopy
  • Neurosurgery
  • Dispensing Medicines
  • Orthopedics Surgery
  • Others
• By Geography
  • North America
    • USA
    • Canadá
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Indonesia
    • Taiwan
    • Thailand
    • Others

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1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data

2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter's Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. Medical Robots Market Analysis, By Product Type

5.1. Introduction

5.2. Surgical Robots

5.3. Rehabilitation Robots

5.4. Automation Robots

5.5. Non-Invasive Radiosurgery Robots

5.6. Telepresence Robots

5.7. Diagnostic Robots

5.8. Assistive Robots

6. Medical Robots Market Analysis, By Application

6.1. Introduction

6.2. Minimally Invasive Surgery

6.3. Neurosurgery

6.4. Orthopedic Surgery

6.5. Rehabilitation and Physical Therapy

6.6. Pharmaceutical Dispensing and Hospital Logistics

6.7. Others

7. Medical Robots Market Analysis, By End-User

7.1. Introduction

7.2. Hospitals and Surgical Centers

7.3. Rehabilitation Surgery Centers

7.4. Ambulatory Surgery Centers

7.5. Pharmacies

7.6. Others

8. Medical Robots Market Analysis, By Geography

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. Israel

8.5.3. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. Indonesia

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Others

9. Competitive Intelligence

9.1. Competitive Benchmarking and Analysis

9.2. Recent Investments and Deals

9.3. Strategies of Key Players

10. Company Profiles

10.1. Intuitive Surgical, Inc.

10.2. Stryker Corporation

10.3. Hocoma AG (DIH Medical Group)

10.4. Medtronic PLC

10.5. Auris Health, Inc. (Johnson & Johnson)

10.6. Accuray Incorporated

10.7. Omnicell, Inc.

10.8. ARxIUM

10.9. Ekso Bionics Holdings Inc.

10.10. Capsa Healthcare, LLC

10.11. Smith & Nephew Plc

10.12. CMR Surgical Ltd.

10.13. Zimmer Biomet Holdings Inc.

10.14. InTouch Health

Intuitive Surgical, Inc.

Stryker Corporation

Hocoma AG

Medtronic PLC

Auris Health, Inc.

Accuray Incorporated

Omnicell, Inc.

ARxIUM 

Ekso Bionics Holdings Inc.

Capsa Healthcare, LLC

Smith & Nephew Plc

CMR Surgical Ltd.

Zimmer Biomet Holdings Inc.

InTouch Technologies