The global medical robotics market is growing at a significant CAGR of around 18.2% during the forecast period (2020-2026). The medical robots are self-powered and computer-controlled devices that are programmed to support in the manipulation and positioning of surgical instruments. It offers accuracy, control and flexibility to the surgeons. The robotic-assisted surgical systems is showing importance in this procedure due to minimal scarring, reduced blood loss and transfusion and reduced pain and discomfort. It is often regarded as an advanced form of laparoscopic or minimally invasive surgery where the surgeon utilizes a computer-controlled robot to provide support in some surgical procedures.
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There are several pivotal factors that are driving the global medical robotics market, which includes funding for medical robot research and growth in automation across every industry. In addition, the continuous advancements in the robotic systems and the issuance of IPOs by the manufacturers if the medical robotics systems are further offering growth to the medical robotics market. Apart from these factors, the continuous rise in trend for minimally invasive surgeries with the rise in the prevalence of chronic diseases are further driving the market growth across the globe. However, high cost of advanced instruments such as robotic-assisted surgical systems are creating hurdles in the market growth. Decreasing cost of robotic-assisted systems may result in significant adoption of robotic systems across developed and developing countries.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Medical Robotics Market by Product
- Surgical Robotic Systems
- Rehabilitative Robotic Systems
- Noninvasive Radiosurgery Robots
- Hospital & Pharmacy Robotic Systems
- Others (Neuromate surgical system)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Accuray Inc.
- Auris Health, Inc.
- AVRA Medical Robotics, Inc.
- CMR Surgical Ltd.
- Global Medical, Inc.
- Hocoma AG
- InTouch Technologies, Inc.
- Intuitive Surgical, Inc.
- Kirby Lester
- Medrobotics Corp.
- Medtronic PLC
- Microbot Medical Inc.
- Omnicell, Inc.
- Renishaw PLC
- Stereotaxis, Inc.
- Stryker Corp.
- Titan Medical Inc.
- TransEnterix Surgical, Inc.
- Verb Surgical Inc.
- Zimmer Biomet Holdings, Inc.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global medical robotics market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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