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Medical Robotics Global Market Worth $25.47 Billion at a CAGR of 18.1% By 2027 | Key Players: Medtronic plc, Titan Medical, Inc., Stryker Corporation, ReWalk Robotics, Renishaw PLC.
Medical Robotics Market
The Business Research Company's Medical Robotics Global Market Report 2023 identifies the rising preference for minimally invasive surgery (MIS) is significantly contributing to the growth of the medical robotics market. Minimally invasive surgery refers to surgery that involves a variety of techniques, including applications of medical robots to operate with less damage to the body than with open surgery.
The global medical robotics market size grew from $11.14 billion in 2022 to $13.11 billion in 2023 at a compound annual growth rate (CAGR) of 17.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the global medical robotics is expected to grow to $25.47 billion in 2027 at a CAGR of 18.1%.
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Major players in the Medical Robotics market are Medtronic plc, Titan Medical, Inc., Stryker Corporation, Smith & Nephew plc, ReWalk Robotics, Renishaw PLC., Mazor Robotics, Irobot Corporation, Intuitive Surgical, Hocoma AG, Hansen Medical, Ekso Bionics, Accuracy Inc., Globus Medical, Houston Medical Robotics, Kinova robotics, Kirbey, Kuka Roboter GmbH, and Varian Medical Systems
Strategic collaboration between companies is a key trend gaining popularity in the medical robotics market. Companies in the medical robotics industry are undergoing various collaborations to develop new technologies and products.
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The Medical Robotics Market is Segmented -
1) By Product: Surgical Robotics Systems, Rehabilitation Robotics Systems, Non-invasive Radiosurgery Systems
2) By Application: Laparoscopy, Neurosurgery, Cardiology, Orthopedic Surgery, Pharmacy Applications
3) By End-User: Hospitals And Clinics, Specialty Centers, Rehabilitation Centers
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Medical Robotics market.
The Business Research Company's "Global Medical Robotics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Medical Robotics Market Include:
1. Executive Summary
2. Medical Robotics Market Characteristics
3. Medical Robotics Market Trends And Strategies
4. Medical Robotics Market - Macro Economic Scenario
5. Medical Robotics Market Size And Growth
……
27. Medical Robotics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Robotics Market
29. Medical Robotics Market Future Outlook and Potential Analysis
30. Appendix
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