Press release
Key Trends Shaping the Future Medical Robots Market From 2025-2034: Technological Advancements In The Medical Robots Market
Medical Robots Market Size
The surge in the need for accurate and suitable laparoscopic surgeries is predicted to fuel the expansion of the medical robots market in the future. Laparoscopic surgery enables a surgeon to conduct intricate operations inside the abdomen without the necessity to insert their hands directly into the body cavity. Medical robots are more adept at carrying out laparoscopic procedures, thus, the increasing demand for such accurate and proper surgeries is enhancing the market growth. For example, in March 2022, the Cleveland Clinic, a US-based nonprofit academic medical institution, revealed that every year, over 13 million laparoscopic surgeries take place worldwide, with a prospective growth of 1% in the next five years. Therefore, the escalating demand for accurate and suitable laparoscopic surgeries is facilitating the growth of the medical robots market.
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What is the future CAGR of the medical robots market, and how will it impact industry expansion?
In the past few years, the size of the medical robots market has seen significant expansion. It is anticipated to rise from a value of $15.86 billion in 2024 to an estimated $18.95 billion in 2025, indicating a compound annual growth rate (CAGR) of 19.5%. The historical period expansion can be credited to factors such as minimally invasive surgery, an elderly population, remote surgery and telemedicine, chronic ailments, as well as food and beverage.
The market for medical robots is anticipated to witness exponential expansion in the forthcoming years, reaching a staggering $41.14 billion in 2029 with a compound annual growth rate (CAGR) of 21.4%. Factors such as customization and personalization, integration of AI and machine learning, patient care and companion robots, pharmacy automation, and nanorobotics will majorly contribute to this growth in the forecast period. Technological advancements, cryotherapy and aesthetic procedures, biobanking and biopreservation, cryogenic storage solutions, and rocket propulsion are amongst the significant trends set to shape the market landscape during the forecast period.
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What are the most significant trends transforming the medical robots market today?
The rising trend of technological progression in the medical robots market is noteworthy. Major market players are concentrating their efforts on creating novel technological solutions to solidify their standing. For example, in April 2022, Diligent Corporation, a healthcare robotics organization based in the US, launched Moxi. This AI-powered robot is capable of performing tedious logistical hospital tasks like preparing patient rooms and restocking supplies. Moxi's functionality even includes carrying teleboxes, managing "do not tube" medicines, and collecting patients' personal belongings. Social intelligence, mobile manipulation, and human-guided learning are some of Moxi's main technological components. This product launch signifies another progressive stride for Diligent's range of offerings.
Which key market segments comprise the medical robots market and drive its revenue growth?
The medical robots market covered in this report is segmented -
1) By Type: Hospital and Pharmacy Robotic Systems, Surgical Robotic Systems, Noninvasive Radiosurgery Robotic Systems, Rehabilitation Robotic Systems, Other Types
2) By Solutions: On-Premises, Cloud
3) By Application: Cardiology, Laparoscopy, Pharmacy, Neurosurgery, Orthopedic Surgery, Other Applications
4) By End Users: Specialty Centers, Hospitals and Clinics, Rehabilitation Centers, Other End Users
Subsegments:
1) By Hospital And Pharmacy Robotic Systems: Automated Pharmacy Dispensing Robots, Robotic Medication Management Systems, Hospital Service Robots
2) By Surgical Robotic Systems: Robotic-Assisted Surgical Systems, Laparoscopic Surgical Robots, Robotic Surgical Instruments
3) By Noninvasive Radiosurgery Robotic Systems: Stereotactic Radiosurgery Systems, Image-Guided Radiation Therapy Robots
4) By Rehabilitation Robotic Systems: Robotic Exoskeletons, Assistive Robots For Physical Therapy, Gait Rehabilitation Robots
5) By Other Types: Telepresence Robots, Robotic Systems For Diagnostic Imaging, Robotic Systems For Patient Monitoring
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What regions are at the forefront of medical robots market expansion?
North America was the largest region in the medical robots market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical robots market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the medical robots market?
Major companies operating in the medical robots market include Smith and Nephew plc, Strikers, Aethon, Intuitive Surgical Inc, Mazor Robotics Ltd, Intouch Technologies Inc, Renishaw plc, MedTech SA, Ekso Bionics Holdings Inc, ReWalk Robotics, Medrobotics Corporation, McKesson Corporation, Hocoma AG, Cyberdyne Inc., BD Rowa, Stryker Corporation, Medtronic plc, Zimmer Biomet Holdings Inc., Johnson & Johnson Services Inc., Hansen Medical Inc., Corindus Vascular Robotics Inc., CMR Surgical Ltd., Procept BioRobotics Corporation, TransEnterix Surgical Inc., Auris Health Inc., Titan Medical Inc., Accuray Incorporated, Synaptive Medical Inc., Omnicell Inc., Varian Medical Systems Inc., Elekta AB
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What Is Covered In The Medical Robots Global Market Report?
•Market Size Forecast: Examine the medical robots market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical robots market for a structured understanding.
•Key Players Overview: Analyze major players in the medical robots market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical robots market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical robots market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical robots market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical robots market.
•Competitive Landscape: Review strategic developments in the medical robots market, including expansions, agreements, and new product launches.
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