Global Medical Robotics Market Outlook, Opportunities And Strategies – Includes Medical Robotics Market Size
Learn about the global medical robotics market through The Business Research Company, which provides information on medical robotics market size, medical robotics market drivers and restraints, medical robotics market players, the COVID-19 impact on the medical robotics market, and more.
The global medical robotics market size is expected to grow from $9.45 billion in 2021 to $11.24 billion in 2022 at a compound annual growth rate (CAGR) of 18.97%. The change in the medical robotics market growth trend is mainly due to companies’ stabilising their output after catering to the demand that grew exponentially during the COVID-19 pandemic. The market is expected to reach $22.26 billion in 2026 at a CAGR of 18.63%.
The rising preference for minimally invasive surgery (MIS) is significantly contributing to the growth of the medical robotics market.
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The medical robotics market consists of sales of medical robotics products and services by entities (organizations, sole traders, and partnerships) that offer robotic systems to assist in medical procedures, develop healthcare technology, and improve overall health care. Medical robotics technology is used in the healthcare industry for surgeries, radiotherapy treatment plans, rehabilitation therapy sessions and others.
Global Medical Robotics Market Segments Include:
By Product: Surgical Robotics Systems, Rehabilitation Robotics Systems, Non-Invasive Radiosurgery Systems
By Application: Laparoscopy, Neurosurgery, Cardiology, Orthopedic Surgery, Pharmacy Applications
By End-User: Hospitals and Clinics, Specialty Centres, Rehabilitation Centres
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America will be the largest region in the medical robotics market.
Strategic collaboration between companies is a key trend gaining popularity in the medical robotics market. Companies in the medical robotics industry are undergoing various collaborations to develop new technologies and products.
Major Market Players: Medtronic plc, Titan Medical, Inc., Stryker Corporation, Smith & Nephew plc, ReWalk Robotics, Renishaw Plc, Mazor Robotics, Irobot Corporation, Intuitive Surgical, Hocoma AG, Hansen Medical, Ekso Bionics, Accuracy Inc, Globus Medical, Houston Medical Robotics, Kinova robotics, Kirbey, Kuka Roboter GmbH, and Varian Medical Systems
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Medical Robotics Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides medical robotics market overviews, analyzes and forecasts market size, share, medical robotics market players, medical robotics market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s medical robotics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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