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Medical Robots Market by Types, End Users, Applications, Geography and Forecast to 2031
Medical Robots Market
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The increasing need for accurate and effective laparoscopic procedures, coupled with growing demand for surgical interventions among the elderly population and the escalating incidence of trauma injuries, are the key factors fueling the growth of the medical robots market.
Medical Robots Market Dynamics:
Growth Factor: As technological advancements continue, the robotic surgery system market is poised to explore new applications, leveraging enhanced technologies to propel global market revenue.
Opportunity: Governments and regulatory bodies worldwide are introducing diverse cost-saving measures to alleviate the healthcare burden, especially in developed economies.
Key Trends: As robotic surgery gains broader acceptance, it demonstrates superiority and cost-effectiveness compared to alternative procedures.
Top Key Competitors of Medical Robots Market:
iRobot Corporation (U.S.),
Titan Medical Inc. (Canada),
Hansen Technologies (Australia),
Renishaw plc (U.K.),
Intuitive Surgical (U.S.),
Medtronic (Ireland),
DENSO Products and Services Americas, Inc. (U.S.),
Accuray Incorporated (U.S.),
Stryker (U.S.),
Varian Medical Systems, Inc. (U.K.) and Others.
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The healthcare infrastructure growth encompasses the installed base and penetration of new technologies. The medical robots market offers comprehensive country-specific market analysis, detailing the growth in healthcare expenditure on capital equipment, the installed base of various medical robot products, the technological impact using life line curves, and shifts in healthcare regulatory landscapes, all influencing the medical robots market.
Medical Robots Market Segmentations:
By Type:
Surgical Robots
Exo-robots
Pharma Robots
Cleanroom Robots
Robotic Prosthetics
By End User:
Hospitals
Ambulatory Surgery Centers
Rehabilitation Centers
Others
By Application:
Neurology Applications
Cardiology Applications
Orthopedic Applications
Laparoscopic Applications
By Geography
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Recent developments in the medical robots industry include:
In 2023, Intuitive Surgical obtained US FDA approval for its da Vinci SP system for performing simple prostatectomy.
In 2022, SS Innovations, an Indian startup, introduced SSI Mantra designed for soft tissue surgeries.
In 2022, Becton, Dickinson & Company (US) acquired Parata Systems (US) to expand its portfolio of pharmacy automation solutions aimed at reducing costs, enhancing patient safety, and improving the overall pharmacy experience for retail, hospital, and long-term care settings.
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