PUBLISHER: The Business Research Company | PRODUCT CODE: 1650609
PUBLISHER: The Business Research Company | PRODUCT CODE: 1650609
A medical robot is a specialized service robot designed for multiple purposes, both within and outside of hospitals, aimed at enhancing the standard of care for patients. These robots are utilized in complex surgical procedures, limb replacements, stroke patient rehabilitation, and various other health-related tasks. Their applications in the medical field include assisting in surgeries, improving patient care and worker safety, as well as optimizing clinical workflow and hospital logistics.
The primary types of medical robots encompass hospital and pharmacy robotic systems, surgical robotic systems, noninvasive radiosurgery robotic systems, rehabilitation robotic systems, and others. Hospital and pharmacy robotic systems are employed for tasks such as medication distribution to patients and the automation of routine tasks in pharmacies or other healthcare settings. These solutions can be implemented on-premises or in the cloud and find applications in cardiology, laparoscopy, pharmacy services, neurosurgery, orthopedic surgery, and various other medical disciplines. They are utilized by a range of end-users, including specialty centers, hospitals and clinics, rehabilitation centers, and others.
The medical robots market research report is one of a series of new reports from The Business Research Company that provides medical robots market statistics, including medical robots industry global market size, regional shares, competitors with a medical robots market share, detailed medical robots market segments, market trends and opportunities, and any further data you may need to thrive in the medical robots industry. This medical robotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The medical robots market size has grown rapidly in recent years. It will grow from $15.86 billion in 2024 to $18.95 billion in 2025 at a compound annual growth rate (CAGR) of 19.5%. The growth in the historic period can be attributed to minimally invasive surgery, aging population, telemedicine and remote surgery, chronic diseases, food and beverage.
The medical robots market size is expected to see exponential growth in the next few years. It will grow to $41.14 billion in 2029 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to customization and personalization, ai and machine learning integration, patient care and companion robots, pharmacy automation, nanorobotics. Major trends in the forecast period include technology advancements,cryotherapy and aesthetic procedures, biobanking and biopreservation, cryogenic storage solutions, rocket propulsion.
The growing demand for precise and effective laparoscopic operations is anticipated to drive the expansion of the medical robots market in the future. Laparoscopic procedures enable surgeons to perform intricate operations within the abdomen without direct manual entry into the body cavity. Medical robots are recognized for their efficiency in executing laparoscopic procedures, contributing to an increased demand for accurate and proper laparoscopic operations, thereby fostering the growth of the market. As an example, the Cleveland Clinic reported in March 2022 that over 13 million laparoscopic procedures are performed globally annually, with a projected 1% growth over the next five years. This surge in demand for precise and proper laparoscopic operations is a significant driver for the medical robots market.
The anticipated shortage of skilled surgeons is expected to drive the growth of the medical robots market in the coming years. Surgeons are highly trained medical professionals who carry out invasive procedures to treat, repair, or remove damaged or diseased tissues in the human body, often utilizing precise surgical techniques and instruments. Medical robots are utilized in hospitals to assist surgeons by performing precise, minimally invasive procedures, thereby enhancing surgical accuracy and reducing patient recovery times. For instance, in March 2023, the American Hospital Association, a U.S.-based national organization, projected that the United States will face a shortage of up to 124,000 physicians by 2033 and will need to hire 200,000 nurses annually to address the increasing demand. Consequently, the shortage of skilled surgeons is fueling the growth of the medical robots market.
Technological advancements emerge as a prominent trend shaping the medical robots market. Leading companies in the medical robots sector are actively involved in developing innovative technological solutions to bolster their market position. For example, Diligent Corporation, a healthcare robotics company based in the U.S., introduced Moxi in April 2022-an AI-enabled robot designed to manage time-consuming logistical tasks in hospitals, such as setting up patient rooms and restocking supplies. Moxi possesses core technical features, including social intelligence, mobile manipulation, and human-guided learning, reflecting a notable stride in Diligent's product portfolio.
Major players in the medical robots market are strategically forming partnerships to drive market revenues. Collaborations in the medical robotics industry facilitate the synergistic use of expertise and resources, fostering innovation and expanding market outreach. In February 2022, Novanta Inc., a U.S.-based precision photonics manufacturer, partnered with MassRobotics, a U.S.-based nonprofit robotics innovation center. This collaboration aimed to advance the field of medical and surgical robotics, enhancing the efficiency of robotic systems through joint efforts between Novanta's business units, Celera Motion, and ATI Industrial Automation.
In November 2022, SS Innovation, a medical technology company based in India, acquired Avra Medical Robotics for an undisclosed amount. This acquisition will allow SS to enhance its presence in the global market. Avra will continue to concentrate on advancements in AI, machine learning, and robotic applications. Avra Medical Robotics is a provider of medical robots located in the United States.
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
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 analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the medical robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The medical robots market consists of sales of radiotherapy machine robots, laboratory robots, robotic prosthetics, and social robots. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Medical Robots Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on medical robots market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for medical robots ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical robots market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.