What Has Been the Growth Trajectory of the Medical Robots Market?
The medical robots market has seen considerable growth due to a variety of factors.
• In recent times, the market size for medical robots has experienced a swift expansion. The market, which was valued at $15.86 billion in 2024, is projected to rise to $18.95 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 19.5%.
Factors such as minimally invasive surgery, an aging population, the advent of telemedicine and remote surgery, chronic diseases, and developments in the food and beverage sector have contributed to this historical growth.
What Does the Future Hold for the Medical Robots Market?
The medical robots market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the market size for medical robots is predicted to undergo significant expansion. It is projected to ascend to a value of $41.14 billion by 2029, with a compound annual growth rate (CAGR) of 21.4%.
Several factors are expected to contribute to the growth during the forecast period such as customized and personalized solutions, incorporation of artificial intelligence and machine learning, robots in patient care and companionship, pharmacy automation, and nanorobotics. The forecast period is also anticipated to witness certain key trends like advances in technology, cryotherapy and aesthetic procedures, biobanking and biopreservation, solutions for cryogenic storage, and rocket propulsion.
What Are the Critical Driver Fuelling the Medical Robots Market's Growth?
The escalating need for accurate and correct laparoscopic surgeries is anticipated to fuel the expansion of the medical robots market in the future. Laparoscopic surgery enables a doctor to conduct intricate surgeries within the abdominal cavity without the necessity to place his hands directly inside the body. Medical robots have proven more adept at these laparoscopic procedures. Hence, there is an escalating need for accurate and correct laparoscopic operations that encourage market growth. For example, the Cleveland Clinic, a non-profit academic medical center from the US, revealed in March 2022 that more than 13 million laparoscopic surgeries occur worldwide each year, with a predicted growth of 1% in the subsequent five years. Thus, the escalating demand for accurate and correct laparoscopic operations is propelling the medical robots market's growth.
How Is the Medical Robots Market segmented?
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 New Trends Are Influencing the Medical Robots Market?
Continual technological advancements have become a significant trend that's gaining traction in the medical robots industry. Many major companies in this field are keen on developing cutting-edge tech solutions in an effort to consolidate their position in the market. For example, Diligent Corporation, a prominent healthcare robotics firm in the US, introduced Moxi in April 2022. This AI-enabled robot is capable of undertaking laborious logistical tasks in hospitals such as prepping patient rooms and restocking supplies, delivering teleboxes, managing the ''do not tube'' medications, and collecting items belonging to patients. Moxi's main technical attributes include social intelligence, mobile manipulation, and learning guided by humans. The introduction of Moxi marks yet another breakthrough in the product roster of Diligent Corporation.
Who Are the Key Players 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
What Is The Most Dominant Region 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.
