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Key Trends Reshaping the Medical Robots Market: Technological Advancements In The Medical Robots Market Industry Transformation
Medical Robots Market
Medical Robots Market Size Growth Forecast: What to Expect by 2025?
The size of the medical robots market has seen rapid expansion in the past few years. It is projected to increase from $15.86 billion in 2024 to $18.95 billion in 2025, with a compound annual growth rate (CAGR) of 19.5%. This escalation during the historical period is tied to factors such as minimally invasive surgeries, an aging population, advancements in telemedicine and remote surgeries, chronic illnesses, and the food and beverage sector.
How Will the Medical Robots Market Size Evolve and Grow by 2029?
The market size for medical robots is anticipated to witness a tremendous surge in the coming years. It is projected to reach a value of $41.14 billion by 2029, expanding at a compound annual growth rate (CAGR) of 21.4%. Factors contributing to this growth during the forecast period include customization and personalization, integration of AI and machine learning, patient care and companion robots, pharmacy automation, and nanorobotics. Key trends for this period are likely to be advances in technology, cryotherapy and aesthetic procedures, biobanking and preservation, cryogenic storage solutions, and rocket propulsion.
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What Drivers Are Propelling the Growth of Medical Robots Market Forward?
The medical robots market is anticipated to expand due to the increasing need for accurate and precise laparoscopic surgeries. Laparoscopic operations empower surgeons to carry out complicated procedures inside the abdomen without the need for manual hand insertion. Medical robots, with their superior efficiency in laparoscopic procedures, are thus witnessing a growing demand. The requirements for precise laparoscopic operations that enhance market growth are increasing. This is evident from a statement by the Cleveland Clinic, an American nonprofit academic medical centre, in March 2022. Over 13 million laparoscopic procedures are conducted worldwide annually and this figure is expected to see a growth of 1% in the next five years. Therefore, it's clear that the rising necessity for accurate and effective laparoscopic operations is acting as a key driver for the expansion of the medical robots market.
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Which Emerging Trends Are Transforming the Medical Robots Market in 2025?
In the medical robots market, technological innovation is emerging as a predominant trend. Leading organizations within this market are focusing on the development of novel technological solutions to consolidate their status. For instance, in April 2022, Diligent Corporation, a company specializing in healthcare robotics based in the US, introduced Moxi, an AI-driven robot. Moxi is designed to take over the time-consuming logistic tasks in hospitals like arranging patients' rooms and restocking supplies. Moxi can transport teleboxes, manage the delivery of 'do not tube' medications, and collect personal belongings of patients. Its primary technical attributes include social intelligence, mobile manipulation, and human-coached learning. This innovation is a significant progression in Diligent's array of products.
What Are the Key Segments in the Medical Robots Market?
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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Who Are the Key Players Shaping the Medical Robots Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Medical Robots Market?
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.
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