Global Medical Robots Market Outlook
According to a new report by Expert Market Research titled “Global Medical Robots Market Size, Share, Analysis, Report, Demand, Forecast 2024-2032″, the global medical robots market is projected to grow at a CAGR of 22.2% between 2024 and 2032. Aided by the technological advancements and the increasing adoption of robotic systems in healthcare, the market is expected to grow significantly by 2032.
Medical robots encompass a broad range of robotic systems used in various medical applications, including surgery, rehabilitation, hospital logistics, and telemedicine. These robots enhance the precision of medical procedures, improve patient care, and increase the efficiency of healthcare services. The integration of robotics in medicine is revolutionising healthcare, offering innovative solutions to traditional medical practices.
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The growing demand for minimally invasive surgeries is a significant driver of the medical robots market growth. Robotic systems provide surgeons with enhanced precision, flexibility, and control, leading to better patient outcomes and quicker recovery times.
The aging global population and the subsequent rise in the prevalence of chronic diseases are also contributing to market growth. As healthcare systems strive to meet the increasing needs of the elderly, medical robots play a crucial role in providing efficient and effective care.
Moreover, technological advancements in robotics and artificial intelligence are enabling more sophisticated and capable medical robots. These advancements are broadening the scope of applications for medical robots in healthcare. Surgical robots are one of the most prominent applications in the medical robots market. These robots assist surgeons in performing complex procedures with greater accuracy and less invasiveness.
According to the medical robots market analysis, rehabilitation robots are increasingly being used in physiotherapy and recovery, helping patients regain movement and strength through precise and repetitive exercises. Meanwhile, hospital logistics robots automate tasks such as transporting medicines, lab specimens, and other materials, thereby enhancing hospital operations’ efficiency.
North America holds a significant portion of the medical robots market share, primarily due to the region’s advanced healthcare infrastructure, high healthcare expenditure, and presence of key market players. However, the Asia-Pacific region is expected to experience significant growth, driven by increasing healthcare investments and the growing adoption of advanced medical technologies in countries like China and India.
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Global Medical Robots Market Segmentation
The market can be divided based on type, application, end use, and region.
Market Breakup by Type
- Surgical Robotic Systems
- Rehabilitative Robotic Systems
- Non-invasive Radiosurgery Robots
- Hospital and Pharmacy Robotic Systems
- Others
Market Breakup by Application
- Cardiology
- Laparoscopy
- Pharmacy
- Neurosurgery
- Orthopaedic Surgery
- Others
Market Breakup by End Use
- Hospitals and Clinics
- Speciality Centres
- Rehabilitation Centres
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global medical robots market. Some of the major players explored in the report by Expert Market Research are as follows:
- Auris Health, Inc.
- Intuitive Surgical, Inc.
- Medrobotics Corporation
- Stryker Corporation
- Omnicell, Inc.
- Others
Frequently Posited Inquiries (FPQs)
What was the global medical robots market’s voluminous magnitude in the year 2023?
- In the annal of 2023, the global medical robots market ascended to an impressive value, nearing the threshold of USD 15.56 billion.
Could you expatiate upon the meticulously calculated expansion rate of the market?
- The market is meticulously projected to exhibit a formidable compound annual growth rate (CAGR) of 22.2% during the interlude extending from 2024 to 2032.
What augural perspective prevails for the market throughout the anticipatory epoch spanning from 2024 to 2032?
- The market is poised to manifest robust and thriving growth during the envisaged span of 2024-2032, eventually reaching an illustrious summit, surpassing USD 94.67 billion by the denouement of 2032.
Can you delineate the quintessential industry catalysts anticipated to propel market progression?
- The impelling factors steering industry headway encompass the rapid and cutting-edge advancements in both technology and the realm of medical science, the burgeoning expanse of the healthcare sector, the burgeoning embrace of surgical robots, and the escalating demand for minimally invasive surgical procedures.
What delineates the cardinal industry trends that are slated to navigate the trajectory of the global medical robots market?
- The pivotal market trends that will navigate industry expansion encompass the elevation in financial backing directed towards research undertakings centered on medical robots, as well as a conspicuous surge in the acceptance, by both surgeons and patients, of robotic assistance and laparoscopic procedures.
Could you elaborate on the principal regional markets for medical robots as delineated within the comprehensive EMR report?
- The predominant geographical spheres within the industry purview encompass North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America reigning supreme by securing the lion’s share of the market.
What categories of the product loom significant within the market domain?
- The salient product categories encompass surgical robotic systems, rehabilitative robotic systems, non-invasive radiosurgery robots, and hospital and pharmacy robotic systems, among other notable variants.
What domains of application emerge as consequential for the product’s utility?
- Cardiology, laparoscopy, pharmacy, neurosurgery, and orthopaedic surgery, among other domains, emerge as pivotal applications for the product’s utility.
Which sectors represent the paramount end users of the product?
- The pivotal end users encompass hospitals and clinics, specialized centres, and rehabilitation facilities, among other discerning users.
Who ascend to eminence as the preeminent industry stalwarts in accordance with the report’s discerning analysis?
- The preeminent industry luminaries encompass Auris Health, Inc., Intuitive Surgical, Inc., Medrobotics Corporation, Stryker Corporation, and Omnicell, Inc., among other distinguished entities.
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