Press release
Medical Robots Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Smith and Nephew plc, Strikers, Aethon, Intuitive Surgical Inc, Major Robotics, Intouch Technologies Inc, Renishaw plc
Medical Robots Market Size
The Business Research Company offers in-depth market insights through Medical Robots Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The medical robots market size has grown exponentially in recent years. It will grow from $13.51 billion in 2023 to $16.24 billion in 2024 at a compound annual growth rate (CAGR) of 20.2%. The growth in the historic period can be attributed to minimally invasive surgery, aging population, telemedicine and remote surgery, chronic diseases, food and beverage.
The medical robots market size is expected to see exponential growth in the next few years. It will grow to $34.15 billion in 2028 at a compound annual growth rate (CAGR) of 20.4%. The growth in the forecast period can be attributed to customization and personalization, ai and machine learning integration, patient care and companion robots, pharmacy automation, nanorobotics. Major trends in the forecast period include technology advancements,cryotherapy and aesthetic procedures, biobanking and biopreservation, cryogenic storage solutions, rocket propulsion
.
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Market Segmentation:
The main types of medical robots are hospital and pharmacy robotic systems, surgical robotic systems, noninvasive radiosurgery robotic systems, rehabilitation robotic systems, and others. Hospital and pharmacy robotic systems refer to the robots used to distribute medicine to patients and to be involved in the automation of common tasks and processes performed in a pharmacy or other healthcare settings. The solutions include on-premises and cloud and are applied in cardiology, laparoscopy, pharmacy, neurosurgery, orthopedic surgery, and others used by various end-users such as specialty centers, hospitals and clinics, rehabilitation centers, and others.
Major Driver - Surge In Demand For Precise Laparoscopic Operations Drives Medical Robot Market Growth
The rising demand for precise and proper laparoscopic operations is expected to propel the growth of the medical robots market going forward. The laparoscopic operation allows a surgeon to perform complex procedures within the abdomen without having to place his hands directly into the body cavity. medical robots market are more efficient at performing laparoscopic procedures. As a result, there is rising demand for precise and proper laparoscopic operations that boost market growth. For instance, in March 2022, the Cleveland Clinic, a US-based nonprofit academic medical centre, stated that over 13 million laparoscopic procedures have been performed globally every year and are projected to grow by 1% over the next five years. Therefore, the rising demand for precise and proper laparoscopic operations is driving the growth of the medical robots market.
Competitive Landscape:
Major companies operating in the medical robots market include Smith and Nephew plc, Strikers, Aethon, Intuitive Surgical Inc, Major Robotics, Intouch Technologies Inc, Renishaw plc, MedTech SA, Ekso Bionics Holdings Inc, ReWalk Robotics, Medrobotics Corporation, McKesson Corporation, Hocoma AG, Cyberdyne Inc., BD Rowa, Stryker Corporation, Medtronic plc, Zimmer Biomet Holdings Inc., Johnson & Johnson Services Inc., Hansen Medical Inc., Corindus Vascular Robotics Inc., CMR Surgical Ltd., Procept BioRobotics Corporation, TransEnterix Surgical Inc., Mazor Robotics Ltd., Auris Health Inc., Titan Medical Inc., Accuray Incorporated, Synaptive Medical Inc., Omnicell Inc., Varian Medical Systems Inc., Elekta AB
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Top Trend - Technological Advancements In The Medical Robots Market
Technological advancements are a key trend gaining popularity in the medical robots market. Major companies operating in the medical robots market are focused on developing new technological solutions to strengthen their position. For instance, in April 2022, Diligent Corporation, a US-based healthcare robotics company, created Moxi, an AI-enabled robot that can handle time-consuming logistical tasks in hospitals such as setting up patient rooms and replenishing supplies. Moxi is able to deliver teleboxes, manage the ""do not tube"" medications, and pick up patients' personal items. Moxi's core technical features comprise social intelligence, mobile manipulation, and human-guided learning. This launch represents another step forward for Diligent's product portfolio.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Medical Robots Market Characteristics
3. Medical Robots Market Trends And Strategies
4. Medical Robots Market - Macro Economic Scenario
5. Medical Robots Market Size And Growth
…..
27. Medical Robots Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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