Medical Robots Market is expected to reach US$ 63.7 billion by 2032, at a CAGR 20.1%

In the end of 2021, the worldwide medical robots market was estimated to be worth approximately US$ 8.5 billion. The market is expected to grow at a 20.1% CAGR and reach a value of US$ 63.7 billion by 2032.

Medical robots are professional service robots used both within and outside of hospitals to improve the quality of care given to patients. It enables surgeons to execute more precise surgeries. They lessen the strain of medical staff, allowing them to devote more time to direct patient care, while also generating major operational procedures that provide efficacy and low-cost investments in healthcare amenities. This is one of the fastest expanding industries, with medical robot applications ranging from laparoscopy to neurosurgery, cardiology, and orthopaedic surgery.

The market will grow as a result of significant technical advancements such as robotic catheter control systems (CCS), data recorders, HD surgical microscopic cameras, motion sensors, 3D-imaging, remote navigation, and data analytics. Furthermore, the growing number of novel devices gaining FDA approval would undoubtedly enhance the global medical robots market. Furthermore, the increased demand for precision laparoscopic treatments and the rising frequency of trauma injuries are important drivers of market advancement.

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Robotic minimally invasive surgery is becoming more popular, owing to its numerous advantages, which include fewer cuts, smaller incisions, less discomfort, less scarring, improved safety, and faster recovery rates.

Critical Questions Answered in the Report

  1. What are ongoing trends that will shape market growth curve for global Medical Robots market?
  2. What are the drivers and challenges affecting the Medical Robots market demand?
  3. What are the recent technological advancement in the Medical Robots market?
  4. What are key trends and opportunities that will prevail the revenue growth of Medical Robots market players?
  5. How will evolving regulatory policies impact the market growth?

Medical Robots Market: Segmentation

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Detailed analysis on the geographical region and country wise insights are offered in the latest Medical Robots market report with established market players as well as incumbents in the region.

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Key Segments Covered in the Medical Robots Industry Survey

By Product:

  • Instruments and Accessories
  • Surgical Robots
  • Assistive Robots
  • Hospital and Pharmacy automation robots

By Application:

  • Neurology Applications
  • Orthopaedic Applications
  • Cardiology Applications
  • Laparoscopic Applications
  • Pharmacy Application
  • Others

End User:

  • Hospitals
  • Ambulatory Surgery Centers
  • Rehabilitation Centers
  • Others

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

  • iRobot Corporation
  • Medrobotics Corporation
  • Titan Medical Inc.
  • Renishaw Plc
  • Health Robotics SLR
  • OR Productivity plc
  • Intuitive Surgical
  • Mako Surgical Corp.
  • Varian Medical Systems
  • Stereotaxis Inc.
  • Mazor Robotics
  • Medtronic
  • Stryker
  • Zimmer Biomet
  • Smith & Nephew

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Medical Robots market

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Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Medical Robots market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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