Medical Robots Market by Product, Type, Application, End-User

List of Tables

[196 Pages Report] The Medical Robots Market size was estimated at USD 19.76 billion in 2023 and expected to reach USD 21.89 billion in 2024, at a CAGR 11.34% to reach USD 41.94 billion by 2030.

Medical robots are highly sophisticated automated systems designed to perform, assist, or enhance clinical and surgical procedures, improve patient care, and ensure precision in executing tasks within healthcare settings. These advanced technological instruments can be programmed to aid in various medical applications, including surgery, rehabilitation, medication administration, and sanitation. Characteristically, medical robots are developed to complement the skills of healthcare professionals, thereby increasing the efficiency, accuracy, and safety of medical procedures. Increasing adoption of automation technology in healthcare applications and the advantages of robot-assisted surgery & training in rehabilitation therapy are propelling the growth of the medical robots market. The high cost associated with the deployment of robotic systems hinders their adoption. The increasing collaborative and funding activities for R&D on surgical robots, and a rising penetration of surgical robots in ASCs offer lucrative growth opportunities for the expanding medical robots market.

KEY MARKET STATISTICS
Base Year [2023]	USD 19.76 billion
Estimated Year [2024]	USD 21.89 billion
Forecast Year [2030]	USD 41.94 billion
CAGR (%)	11.34%

Type: Widening use of surgical robotic systems owing to the broadening range of procedures they support

Hospital & pharmacy robotic systems streamline and automate various tasks within hospital settings, including the management and dispensing of medications, supplies delivery, and patient records management. Their deployment aims to enhance efficiency, reduce errors, and improve patient care outcomes. Noninvasive radiosurgery robotic systems employ precise beams of radiation to target and treat tumors and other abnormalities with minimal impact on surrounding healthy tissue. This technology allows for high precision in treating conditions such as cancer, reducing recovery times and the side effects of traditional surgical approaches. Rehabilitation robotic systems are designed to aid in the recovery process of patients undergoing physical rehabilitation; these systems use robotics to assist with exercises and movements. Rehabilitation robotic systems also help regain strength, function, and mobility, providing adaptive responses based on patient progress and needs. Surgical robotic systems enhance a surgeon's abilities by providing superior precision, flexibility, and control during operations. These robotic systems also allow for minimally invasive procedures, which can lead to reduced patient recovery time and lower risk of complications, thereby improving surgical outcomes.

Application: Increasing adoption of medical robots in external beam radiation therapy for treating cancers located in or near vital organs.

Medical robots play a crucial role in external beam radiation therapy by enhancing precision in targeting the radiation dose. These robots efficiently maneuver the radiation beam from multiple angles with high accuracy, minimizing exposure to surrounding healthy tissues and increasing treatment efficacy. In laparoscopic procedures, medical robots provide surgeons with enhanced dexterity and precision, allowing for more accurate and less invasive surgeries. Robotic systems in laparoscopy result in smaller incisions, minimized pain, and rapid patient recovery times. Medical robots in neurosurgery bring unparalleled precision to complex procedures, enabling surgeons to perform delicate operations with improved outcomes. These robots assist in stabilizing surgical instruments, allowing for precise movements in confined spaces of the brain and spinal cord. In orthopedic surgery, medical robots are utilized for precise bone cutting, drilling, and positioning of implants. This application ensures accuracy in joint replacements and other orthopedic procedures, leading to better alignment, faster recovery, and improved patient functionality. Robotic systems in pharmacy applications streamline the medication dispensing process, enhancing safety and efficiency. These robots automate the storage, retrieval, and management of medications, reducing human error and ensuring accurate and timely delivery of pharmaceuticals. Medical rehabilitation robots support physical therapy by providing automated, repetitive, and interactive exercises for patients. This technology aids in the recovery of motor skills and mobility in individuals with disabilities, injuries, or those recovering from surgery, offering personalized and adaptive rehabilitation protocols.

Regional Insights

In the Americas, particularly in the United States and Canada, there is a robust adoption of medical robots driven by a well-established healthcare infrastructure, increased healthcare expenditure, and a focus on research and development activities. The surgical robots segment dominates the market within the region, attributed to their extensive application in minimally invasive surgeries (MIS). The American region is witnessing a rising demand for rehabilitation and telepresence robots to enhance physical therapy outcomes and improve patient care delivery in remote areas. The Asia-Pacific region is showcasing significant growth in the medical robots market, fueled by increasing healthcare expenditures, rising awareness about the benefits of robotic surgeries, and substantial investments in healthcare infrastructure. Countries including Japan, China, and Australia are at the forefront of adopting these technological innovations. Japan, in particular, exhibits a strong foothold in developing and using rehabilitation robots, reflecting its demographic trends and a growing elderly population requiring long-term care. China, with its substantial investments in healthcare and technology, is becoming a pivotal player in both the consumption and production of medical robots. The EMEA region presents a diverse landscape in adopting and implementing medical robots, influenced by varying healthcare policies, economic capabilities, and technological readiness. Europe leads within the region, with countries like Germany, the UK, and France demonstrating substantial growth in the utilization of surgical robots, driven by a strong healthcare infrastructure and active government support in fostering innovation. The Middle East, with countries like the UAE and Saudi Arabia, is catching up rapidly, leveraging its wealth to modernize healthcare facilities and incorporate advanced technologies such as robotic systems. The African medical robots market is growing gradually and shows growth potential, particularly in telepresence robots.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Medical Robots Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Medical Robots Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Medical Robots Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Accuray Incorporated, Aldebaran SAS, ARxIUM, CMR Surgical Limited, DENSO Corporation, Diligent Robotics, Inc., Dr. Fritz Faulhaber GmbH & Co. KG, Freehand Ltd., Harmonic Drive SE, Hocoma AG, Intel Corporation, Intuitive Surgical, Inc., Kawasaki Heavy Industries, Ltd., Kinova Inc., Koninklijke Philips N.V., KUKA Aktiengesellschaft, Medtronic PLC, Merck KGaA, Meril Life Sciences Pvt. Ltd., Momentis Innovative Surgery Ltd., Noah Medical, Shenzhen Han's Robot Co., Ltd., Smith & Nephew PLC, ST Engineering Aethon, Inc., Stryker Corporation, Staubli International AG, Triton Medical Robotics, Vicarious Surgical, and XACT Robotics.

Market Segmentation & Coverage

This research report categorizes the Medical Robots Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Hardware
  - Instrument & Accessories
  - Robotic Systems

Services

Type
- Hospital & Pharmacy Robotic Systems
- Noninvasive Radiosurgery Robotic Systems
- Rehabilitation Robotic Systems
- Surgical Robotic Systems

Application
- External Beam Radiation Therapy
- Laparoscopy
- Neurosurgery
- Orthopedic Surgery
- Pharmacy Applications
- Physical Rehabilitation

End-User
- Ambulatory Surgery Centers
- Hospitals
- Rehabilitation Centers

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Medical Robots Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Medical Robots Market?

3. What are the technology trends and regulatory frameworks in the Medical Robots Market?

4. What is the market share of the leading vendors in the Medical Robots Market?

5. Which modes and strategic moves are suitable for entering the Medical Robots Market?

Product Code: MRR-DD6333AE5C2C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing adoption of automation technology in healthcare applications
  - 5.1.1.2. Advantages of robot-assisted surgery & training in rehabilitation therapy
  - 5.1.1.3. Growing patient importance over minimally invasive surgeries and precision surgeries
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with the deployment of robotic systems
- 5.1.3. Opportunities
  - 5.1.3.1. Growing collaborative and funding activities for R&D on surgical robots
  - 5.1.3.2. Increasing penetration of surgical robots in ASCs
- 5.1.4. Challenges
  - 5.1.4.1. Lack of awareness among professionals and challenges associated with robot malfunctioning
5.2. Market Segmentation Analysis
- 5.2.1. Type: Widening use of surgical robotic systems owing to the broadening range of procedures they support
- 5.2.2. Application: Increasing adoption of medical robots in external beam radiation therapy for treating cancers located in or near vital organs.
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Medical Robots Market, by Product

6.1. Introduction
6.2. Hardware
6.3. Services

7. Medical Robots Market, by Type

7.1. Introduction
7.2. Hospital & Pharmacy Robotic Systems
7.3. Noninvasive Radiosurgery Robotic Systems
7.4. Rehabilitation Robotic Systems
7.5. Surgical Robotic Systems

8. Medical Robots Market, by Application

8.1. Introduction
8.2. External Beam Radiation Therapy
8.3. Laparoscopy
8.4. Neurosurgery
8.5. Orthopedic Surgery
8.6. Pharmacy Applications
8.7. Physical Rehabilitation

9. Medical Robots Market, by End-User

9.1. Introduction
9.2. Ambulatory Surgery Centers
9.3. Hospitals
9.4. Rehabilitation Centers

10. Americas Medical Robots Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Medical Robots Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Medical Robots Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. The spaceMIRA Mission to the International Space Station, Pioneering the Future of Remote Surgery
- 13.3.2. EndoQuest Robotics Partners with Omnivision for Revolutionary Imaging in Robotic Surgery
- 13.3.3. Introduction of the Versius Surgical Robotic System in Belgium for Minimally Invasive Surgery
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio