Medical Robotic Market Latest Technological Developments Report by 2030

The global medical robotic market size was valued at around USD 15.2 billion in 2022 and is expected to register at a CAGR of 16.3% over the forecast period.

Medical robots are professional service robots that are utilised both within and outside of hospitals to raise the standard of care provided to patients. They lessen the workload of medical professionals, allowing them to devote more time to actively caring for patients, and they establish extensive operational procedures that result in effectiveness and lower investments in healthcare amenities. Medical robot sales surged by 73% over 2016 in 2017, accounting for 2.7% of all professional service robot sales, according to the International Federation of Robotics World Robotics 2018 Service Robots. Due to the rise in the number of elderly people, minimally invasive procedures are performed on patients, which is cost-effective.

Medical robots are being used for a variety of purposes, including telepresence robots for providing care from a distance, disinfection robots to prevent hospital-acquired infections, and robotic exoskeletons that offer external support and muscular training for rehabilitation training. In a hospital setting, medical robots are employed to transport drugs and other delicate items. The healthcare industry in India is expected to drive market expansion with its initial public offerings (IPOs).

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Since the COVID -19 pandemic began, demand for medical robots has increased significantly. The UVD-Robots from Blue Ocean Robotics, a Danish company, can freely roam around patient rooms and operating rooms while covering important surfaces with the ultraviolet light that kills bacteria and viruses. More dangerous bacteria are eradicated from a surface the more light the robot exposes it to. In a typical patient room, 99.99% of all bacteria and germs are eliminated in less than 10 minutes.

The Medical Robots Market - Market Trends
• Businesses that operate in the medical robots market employ a variety of natural innovations that stimulate dynamic market growth.

• Different organic development techniques, like product launches and product development, foster market expansion. Numerous organizations are using a variety of inorganic methods, including alliances and acquisitions, and mergers, which on the other hand is considered the major market trend in the Medical Robots market.

• The newest market trend involves the creation of microswimmers, which are tiny robots. The geometry of a microswimmer determines which body components it may work on.

The Medical Robots Market - Segmentation
The Medical Robots Market, By Product, is bifurcated into:
• Instruments and Accessories
• Robotic Systems

The Medical Robots Market, By Application, is segregated into
• Laparoscopy
• Orthopedic Surgeries
• Neurosurgeries
• Pharmacy Applications
According to forecasts, the market for neurosurgery will expand at the fastest rate.

The Medical Robots Market - Key Market players
The major players in the market are Stryker Corporation, Intuitive Surgical, Hocoma, Mazor Robotics, Hansen Medical, Omnicell, ARxIUM, Accuray, Ekso Bionics, Kirby Lester among others.

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