Global Medical Robots Market Projected to Grow at 21.1% CAGR, Reaching $40.55 Billion by 2029

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What Will the Medical Robots Industry Market Size Be by 2025?
The size of the medical robots market has experienced significant expansion in the past few years. It is predicted to increase from a valuation of $15.86 billion in 2024 to $18.83 billion in 2025, rising at a compound annual growth rate (CAGR) of 18.7%. The factors responsible for growth during the historical period include minimally invasive surgery, an aging populace, the advent of telemedicine and remote surgery, chronic ailments, and the food and beverage industry.

What's the Long-Term Growth Forecast for the Medical Robots Market Size Through 2029?
The market size for medical robots is anticipated to witness significant expansion in the coming years, projecting to reach a value of $40.55 billion in 2029 with a compound annual growth rate (CAGR) of 21.1%. The predicted market growth in the assessment period can be credited to elements such as customization and personalization, integration of ai and machine learning, robot companions for patient care, automation in pharmacy, and the advent of nanorobotics. Identified trends for the assessment period consist of advancements in technology, cryotherapy and aesthetic procedures, biobanking and biopreservation, cryogenic storage solutions, and rocket propulsion.

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What Are the Key Growth Drivers Fueling the Medical Robots Market Expansion?
An increase in the need for accurate and appropriate laparoscopic surgeries is anticipated to boost the expansion of the medical robots market. Laparoscopic surgery enables surgeons to carry out intricate operations within the abdomen without physically accessing the body cavity, and medical robots are found to be more efficient in executing these procedures. Consequently, the need for accurate and appropriate laparoscopic surgeries is amplifying, enhancing the market growth. For example, in March 2022, the US-based nonprofit academic medical center, the Cleveland Clinic, revealed that over 13 million laparoscopic schemes are carried out globally every year, expecting a 1% growth in the next five years. Therefore, the heightened demand for precise and correct laparoscopic surgeries is fueling the growth of the medical robots market.

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What Are the Key Trends Driving Medical Robots Market Growth?
The rise in technological innovations is a notable trend emerging in the medical robots sector. Leading enterprises in this market are directing their attention towards creating novel technological solutions to bolster their standing. To illustrate, Diligent Corporation, a healare robotics firm based in the US, in April 2022, launched Moxi, a robot equipped with AI to perform time-intensive logistical operations in hospitals, including arranging patient rooms and restocking supplies. Moxi has the capability to transport teleboxes, handle 'do not tube' medications, and collect personal belongings of patients. Moxi is primarily characterized by its social intelligence, mobile manipulation capability, and capacity for human-guided learning. This introduction has further enhanced Diligent's product range.

How Is the Medical Robots Market Segmented?
The medical robotsmarket 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 Companies Are Leading the Charge in Medical Robots Market Innovation?
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

Which Regions Are Leading the Global Medical Robots Market in Revenue?
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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