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Medical Robots Market Size to Hit USD 25,443.36 Mn by 2028

11-08-2022 09:23 AM CET | Health & Medicine

Press release from: The Insight Partners

Medical robots are professional service robots used in and out of hospitals to improve overall patient care. They reduce the workload of medical staff, allowing them to spend more time directly caring for patients while developing substantial operational procedures that provide efficacy and lower-cost investments in healthcare amenities. Medical robots are used in a variety of applications, including telepresence robots for remote caregiving, disinfectant robots to reduce hospital-acquired infections, and robotic exoskeletons for rehabilitation training that provide external support and muscle training. Medical robots are used in hospital settings to deliver medications and other sensitive materials.

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The global medical robots market is projected to reach US$ 25,443.36 million by 2028 from US$ 9,189.70 million in 2022; it is expected to grow at a CAGR of 18.5% from 2022 to 2028. Factors such as increasing number of surgical procedures and rising number of product launches & approvals drive the overall growth of the medical robots market. However, the high cost of surgical procedures and installation hampers the medical robots market growth.

Leading Companies:

The medical robots market majorly consists of players such as Intuitive Surgical, Inc.; Stryker; Hocomo AG; Medtronic; Auris Health Inc.; Accuray; Omnicell Inc.; ARxIUM; and Ekso Bionis.

Stryker Corporation is among the leading players operating in the medical technology industry. The company operates through segments for products and services in the medical sectors such as orthopedics, medical & surgical, and neurotechnology & spine. The company is among the top providers of orthopedics and surgical technology in the global market. For instance, the company is listed among the top 500 Fortune companies. The company has more than 44 well-established and technologically advanced R&D facilities worldwide. The company, with the help of its widespread distribution network, is able to provide satisfactory services to customers worldwide. The company offers its products in more than 100 countries through its-owned subsidiaries, distributors, and third-party dealers. Stryker's Sustainability Solutions division is a leading provider of reprocessing and remanufacturing services for medical devices, as well as comprehensive recycling and redistribution initiatives. Stryker has First mover advantage increasingly crowded market place. The new products are rapidly increasing Stryker market share in the Medical Equipment & Supplies industry.

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About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, chemicals etc.

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