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Medical Robots Market - By Product (Surgical Robots, Telemedicine Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots, Pharmacy and Hospital Automation Robots), By Application (Neurology Applications, Cardiology Applications), By End-use & Global Forecast, 2032

  • Report ID: GMI5061
  • Published Date: Feb 2023
  • Report Format: PDF

Medical Robots Market Size

Medical Robots Market size exceeded USD 9.5 billion in revenue in 2022 and is estimated to grow at a robust pace of over 17.5% CAGR from 2023 to 2032 driven by the rising number of surgical procedures globally.

Medical Robots Market

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The high prevalence of chronic illnesses worldwide leading to the increasing number of surgical operations is fueling the market expansion. The Centers for Disease Control and Prevention estimates that six out of ten Americans suffer from at least one chronic illness, such as diabetes, cancer, heart disease, or stroke, largely contributing to the rising mortality and disability rates along with growing healthcare expenses in the U.S. Robotics in the medical domain are revolutionizing surgical procedures and simplifying supply delivery and disinfection processes. Furthermore, medical robots are deployed in multiple healthcare procedures owing to AI-enabled computer vision and data analytics, favoring the market growth.

Surging burden of expensive robotic systems to limit product uptake

The high cost of installation and maintenance related to the deployment of medical robots is expected to act as a major barrier to the medical robots market development. Hospitals are emphasizing the enhancement of their skills and infrastructure by investing in new medical and surgical robots as a result of the rising frequency of chronic illnesses. The expensive price of these gadgets makes them less popular, especially in developing economies. Excessive R&D activities and component expenses have made way for dramatically inflated end product costs, limiting product acceptance. However, rapid technological developments and the increasing adoption of medical robots have compelled several manufacturers to produce large quantities of devices and robots to meet the market demand.

Medical Robots Market Analysis

Global Medical Robots Market Share, By Product

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Based on product, the medical robots market share from the surgical robots segment is estimated to be worth over USD 31.5 billion by 2032 attributed to the significant precision improvements with AI advancements in motion control. In August 2022, Max Hospital in Mohali, India introduced the 'Da Vinci Xi,' a surgical robot to conduct surgical procedures in gynecology, oncology, urology, general surgery, hernia, and gastrointestinal with enhanced precision, flexibility, and minimal blood loss. Surgical robots also enable surgeons to access body parts that are difficult to reach with high magnification through small incisions, making them less invasive than conventional surgeries, hence influencing industry progress.


Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for medical robots exceeded USD 9.5 billion in revenue in 2022 and is expected to grow at more than 17.5% CAGR through 2032 due to the rising number of surgical procedures globally.

The hospitals segment accounted for 67% of the market revenue in 2022 and is slated to observe robust growth over the next ten years owing to the increasing product uptake for nursing assistance.

North America medical robots market size is expected to reach more than USD 21.5 billion through 2032 driven by the rising advancements in medical robots and the presence of multiple established industry participants.

Some major firms operating in the medical robots industry include Medtronic plc, Stryker Corporation, THINK Surgical, Inc., Hocoma AG, Smith & Nephew plc, ACCURAY, Capsa Healthcare, Intuitive Surgical, Inc., Omnicell Inc., Renishaw plc, Johnson & Johnson, ARXIUM, Zimmer Biomet and Aethon.

Medical Robots Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 9
  • Tables & Figures: 212
  • Countries covered: 18
  • Pages: 193
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