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Medical Robots Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Medical Robots
What Is the Current Medical Robots Market Size and Its Estimated Growth Rate?
In recent times, there has been a swift expansion in the size of the medical robots market. The market is projected to escalate from a value of $15.86 billion in 2024 to a substantial $18.95 billion worth in 2025, translating to a compound annual growth rate (CAGR) of 19.5%. This significant increase over the historic period is due to factors such as the advent of minimally invasive surgery, an aging populace, advancements in telemedicine and remote surgery, prevalence of chronic illnesses, and food and beverage industry.
The size of the medical robots market is predicted to witness remarkable expansion in the forthcoming years, expected to reach $41.14 billion by 2029, with a compound annual growth rate (CAGR) of 21.4%. The surge during the forecast tenure can be credited to factors such as customization and personalization, integration of AI and machine learning, patient care and companion robots, automation in pharmacy, and nanorobotics. The major trends discernible within the forecast timeframe encompass advancements in technology, cryotherapy and aesthetic procedures, biobanking and biopreservation, cryogenic storage solutions, and rocket propulsion.
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How Are Emerging Segments Shaping the Medical Robots Market Landscape?
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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Which Growth Factors Are Influencing Medical Robots Market Expansion?
The escalating need for accurate and well-executed laparoscopic surgeries is anticipated to fuel the expansion of the medical robots market in the future. Laparoscopic surgery enables a surgeon to conduct intricate procedures in the abdomen without having to insert their hands directly into the body cavity and medical robots are more adept at carrying out these procedures. This spike in demand for accurate and effective laparoscopic surgeries is enhancing market growth. For example, according to a statement by the Cleveland Clinic, a US-based nonprofit educational medical center, in March 2022, more than 13 million laparoscopic procedures are carried out worldwide annually and this number is forecasted to increase by 1% over the coming five years. Consequently, this surge in demand for accurate and precise laparoscopic surgeries is driving the expansion of the medical robots market.
Who Are the Dominant Players Across Different Medical Robots Market Segments?
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
What Are the Latest Developing Trends in the Medical Robots Market?
The medical robots market is increasingly influenced by the rise in technological advancements. To consolidate their position, key players in the market are devoted to developing innovative technological solutions. Take for example, Diligent Corporation - a health robotics firm based in the US. In April 2022, the company introduced Moxi, an AI-empowered robot designed to take on laborious logistical tasks in hospitals such as prepping patient rooms and restocking supplies. Moxi has the capabilities to transport teleboxes, handle "do not tube" medications, and collect the personal belongings of patients. Its main technical attributes include human-guided learning, mobile manipulation, and social intelligence. This new addition is another stride in the advancement of Diligent's product range.
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Which Geographic Regions Are Expected to Dominate the Medical Robots Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Robots Market?
2. What is the CAGR expected in the Medical Robots Market?
3. What Are the Key Innovations Transforming the Medical Robots Industry?
4. Which Region Is Leading the Medical Robots Market?
Why This Report Matters:
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Efficient Research: Quickly identify market growth, leading players, and major segments.
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