Medical Robotics Market Analysis, Growth Factors and Dynamic Demand by 2032

Medical Robots Market size was valued at USD 10.63 Billion in 2021 and is projected to reach USD 35.05 Billion by 2030, growing at a CAGR of 14.23% from 2022 to 2030.

The rise in the applicability of robot-assisted training in Rehabilitation Therapy is the primary factor driving market growth, as is the rise in technological innovations, increased disbursements and funding for medical robot startups, and the patient population's increased demand for minimally invasive surgeries. The Global Medical Robots Market study provides a comprehensive analysis of the market. The research provides a thorough examination of major segments, trends, drivers, restraints, the competitive landscape, and factors that are significant in the market.

Medical robots are professional service robots that are utilised in and out of hospitals to improve overall patient care. They lessen the workload of medical staff, allowing them to spend more time directly caring for patients while developing considerable operational procedures that bring efficacy and lower cost investments in healthcare amenities. According to the International Federation of Robotics World Robotics 2018 Service Robots, medical robot sales climbed 73% over 2016 in 2017, accounting for 2.7% of all professional service robot sales. Because of the growing senior population, medical roots are being used to perform minimally invasive procedures on patients, making them more cost-effective.

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Medical robots are being used in a variety of applications, including telepresence robots for remote caregiving, disinfection robots to limit hospital-acquired infections, and robotic exoskeletons that give external support and muscular training for rehabilitation training. Medical robots are used in hospitals to deliver medications and other sensitive goods. The Healthcare Industry of India's IPOs are expected to accelerate industry growth.

Medical Since the outbreak of the COVID -19 pandemic, robots have been in great demand. Blue Ocean Robotics' UVD-Robots move freely throughout patients' rooms and operating rooms, covering important surfaces with virus- and bacteria-killing ultraviolet light. The more light a surface is exposed to, the more hazardous bacteria are eradicated. 99.99% of bacteria In a typical patient room, microorganisms are eradicated within 10 minutes.

Global Medical Robots Market Overview
The key factor driving market expansion is the increased application of robot-assisted training in Rehabilitation Therapy. Robotic Rehabilitation Therapy provides high-dosage, high-intensity training, making it suitable for individuals suffering from motor problems caused by stroke or spinal cord disease. Robotic devices for motor rehabilitation are made up of an end-effector and an exoskeleton. The application of robot-assisted therapy is the improvement of gait function in stroke patients. Bionik, a robotics company focused on providing rehabilitation and assistive solutions to patients suffering from neurological disorders, announced the completion of the Robot-Assisted Training for the Upper Limb after Stroke (RATULS) trial using the Companies In Motion Robotic Therapy Systems in May 2019.

Clinicians can use robotic surgery to do delicate and intricate treatments that would have been difficult to accomplish using previous methods. The restraints imposed are due to Medical Robots' safety concerns. Many causes can contribute to Medical Robot safety issues, including human error in which incorrect instructions are given into the robotic system. System errors occur as well, such as hardware being triggered by software. The upfront expense of installing Medical Robots in the hospital is a difficulty to overcome.

Market Segmentation:

By Product Type

· Surgical Robots

· Rehabilitation Robots

· Non-Invasive Radiosurgery Robots

· Hospital and Pharmacy Robots

· Others

By Application

· Laparoscopy

· Orthopedics

· Neurology

· Cardiology

· Urology

· Gynecology

· Others

By End-user

· Hospitals

· Ambulatory Surgical Centers

· Rehabilitation Centers

· Others

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Impact of banking sector on the global Medical Robotics Market:

There are several examples of how the banking sector is impacting the medical robotics market:

· Funding: Many medical robotics companies have received funding from banks and financial institutions. For instance, in 2020, surgical robotics company CMR Surgical raised USD 240 million in funding, which was led by the private equity arm of Deutsche Bank.

· Mergers and acquisitions: Banks and financial institutions have also played a role in mergers and acquisitions in the medical robotics market. For example, in 2019, Johnson & Johnson's acquisition of surgical robotics company Auris Health was partially financed by a USD 2 billion term loan from Bank of America Merrill Lynch.

· Partnerships and collaborations: Banks and financial institutions have also entered into partnerships and collaborations with medical robotics companies to develop new products and services. For instance, in 2018, Intuitive Surgical partnered with TD Bank to offer financing solutions to customers purchasing its da Vinci surgical system.

· Market analysis and research: Banks and financial institutions also provide market analysis and research on the medical robotics market, which can help investors make informed decisions.

Company Profiles:

· Intuitive Surgical

· Stryker Corporation

· Medtronic

· Zimmer Biomet

· Smith & Nephew

· TransEnterix

· Auris Health

· Accuray

· Corindus Vascular Robotics

· Mazor Robotics

· Hansen Medical

· Renishaw

· Omnicell

· Hocoma

· Ekso Bionics

Why to buy this Report?

The report provides quantitative and qualitative aspect for Medical Robotics Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Medical Robotics Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

§ Business Model

§ Production Capacity, Revenue, Sales, Gross Margin

§ Key Business Strategy

§ SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

§ Company Share Analysis from 2018-2022

§ Company Analysis by Revenue and Sales

§ Company Production Capacity, Gross Margin

§ Company Share Analysis by Application/End Use

§ Company Share Analysis by Product/Specification.

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