Medical Robots Market will grow at highest pace owing to rising demand for surgical robots

Saya Bonde

Medical Robots Market will grow at highest pace owing to rising demand for surgical robots

The medical robots market has witnessed significant growth over the past few years owing to the rising demand for surgical robots. Medical robots are robots that are used in the healthcare industry to assist in medical procedures. Some of the common types of medical robots include surgical robots, rehabilitation robots, hospital & pharmacy robots and disinfection robots. Surgical robots are designed to conduct minimally invasive surgery with greater precision, flexibility and control than conventional open surgery. The robotic systems allow surgeons to perform complicated procedures like suturing or corrective movements inside the patient through tiny incisions. This results in reduced patient recovery time, minimal blood loss, less pain and visible scarring.

The Global medical robots market is estimated to be valued at US$ 11.47 Bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030.

Key Takeaways

Key players: Key players operating in the medical robots market are Auris Surgical Robotics, Inc. (Hansen Medical Inc.), Accuray Incorporated, iRobot Corporation and Medrobotics Corporation. Auris Surgical Robotics manufactures robotic surgical systems for minimally invasive surgeries. Accuray Incorporated offers CyberKnife system for radiation treatment of tumors. iRobot Corporation provides surgical assistance & rehabilitation robots.

Growing demand: There is a growing demand for surgical robots as they enable conducting minimal invasive surgeries with greater precision and flexibility compared to traditional open surgeries. This results in reduced patient recovery time and trauma. The increasing volume of surgeries globally is expected to drive the demand for medical robots over the forecast period.

Technological advancements: Leading players in the market are focusing on developing enhanced robotics technologies with improved functionalities and additional capabilities. Companies are integrating robotics with AI, virtual reality and machine learning to make surgical robots more capable of conducting complex procedures autonomously with improved accuracy. This is expected to further increase adoption of medical robots.

Market Trends

Increasing adoption of rental models: Due to high initial costs of medical robots, major players are offering rental models where hospitals can rent robotic systems for a fixed time period as per their requirement. This has significantly boosted adoption of medical robots among cost sensitive end users.

Focus on non-invasive medical robots: Companies are investing in developing non-invasive medical robots targeting rehabilitation, hospital logistics and dispensing applications. This is expected to drive the demand for medical robots in non-surgical applications.

Market Opportunities

Emerging markets: There is significant unmet demand for medical robots in emerging economies due to lack of accessible healthcare facilities and medical professionals. Market players can focus on these regions to tap the immense growth opportunities.

Home healthcare: With increasing geriatric population, there is a scope for development and adoption of home-based medical robots that can assist elderly and disabled patients at home. The home healthcare segment offers huge growth potential for medical robots market.

Impact of COVID-19 on Medical Robots Market Growth

The COVID-19 pandemic has significantly impacted the growth of the medical robots market. During the initial outbreak, the demand for medical robots saw a steep rise as they helped reduce the risk of infection and minimize direct contact. Medical robots played a crucial role in disinfecting hospitals and healthcare facilities. They were deployed for tasks like delivery of food and medicines, monitoring of patients, and handling samples for testing. However, as the pandemic spread and lockdowns were imposed globally, the supply chain and production of medical robots were disrupted. Many companies had to temporarily halt their manufacturing operations due to shortage of labor and components. This adversely affected the revenue growth of players in the short term. However, with relaxed lockdown measures and resumption of economic activities, the production and supply of medical robots is recovering steadily. The pandemic has boosted investments in healthcare robotics and stirred demand from hospitals and clinics. Governments across nations are increasingly funding the development as well as adoption of medical robots post COVID-19 to enhance preparedness for future health emergencies. Players are also focusing on expanding their product portfolio and easing integration of robots within hospitals. The long-term outlook of the market remains positive driven by continued technology advancements and growing acceptability of robot-assisted surgeries.

Saya Bonde

Global Surgical Robots Market Is Estimated To Witness High Growth Owing to Increasing Adoption of Minimally Invasive Surgeries and Technological Advancements

Rahul Kumar Yadav 2023-08-18

The global Surgical Robots Market is estimated to be valued at US$ 5,721. As a result, there is a growing demand for surgical robots that enable precise and efficient minimally invasive procedures. Such advancements are driving the adoption of surgical robots in various medical specialties, including urology, gynecology, cardiovascular surgery, and orthopedics. 4% over the forecast period, due to increasing adoption of minimally invasive surgeries and technological advancements. The integration of AI and ML technologies and the expanding applications of surgical robots present lucrative opportunities for market players.

Surgical Robots Market Growth Factors, Region and Country Analysis & Forecast To 2032

David 2023-11-22

Increasing robotic surgeries opted by healthcare professionals as well as by patients, regardless of any fear, will positively influence the market growth. The increasing number of surgical procedures, along with a large number of inpatient visits, will serve as a key factor driving the market growth. The European Association of Urology and other organizations have launched several activities contributing to the market growth. , is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Toll Free: 1-888-689-0688USA: +1-302-846-7766Europe: +44-742-759-8484APAC: +65-3129-7718Email:sales@gminsights.

Global Surgical Robots Market Size, Overview, Key Players and Forecast 2028

shraddha surkute 2023-01-18

Global Surgical Robots Market is anticipated to reach a value of over USD xx billion by 2028 and register a CAGR of 17. FutureWise Research has released a research report that analyses Surgical Robots Market trends in order to forecast market growth. The Surgical Robots Market report examines market segmentation forecasts by product and service, by application, by end-user, and by region. Competitive Landscape:· Tier one players - major players with a substantial market share. Flexible Delivery Model:• We provide a flexible distribution strategy where you may suggest changes to the information's scope or table in accordance with your demands.

Surgical Robots Market Share, Developments Status, Size, Future Scenario Up To 2029

krajput 2023-01-27

com/request-sample/22528 Market Scope:The market report contains yearly projections through 2029 as well as insights into each of the key end users of the Surgical Robots Market Trends. The demand for Surgical Robots manufacturers also decreased significantly as a result, which had a negative impact on the growth of the Surgical Robots market in 2020. Key Questions Answered in the Surgical Robots Market Report are:What are the most promising high-growth opportunities in the global Surgical Robots sector, as defined by product category, End User, and Region? What are the primary drivers and obstacles in the Surgical Robots market size? Request a sample copy or view the report summary of Surgical Robots Market: https://www.

Surgical Robots Market Strategy, Segmentation Analysis and Forecast to 2028

Beena Daas 2023-02-08

The Surgical Robots Market Research Report Forecast is a valuable source of insightful data for business strategists. This section of the surgical robots market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service. Request a FREE Sample Copy of Global Surgical Robots Market Report with Full TOC At: https://www. This section covers regional segmentation which accentuates on current and future demand for surgical robots market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Purchase complete Global Surgical Robots Market Research Report At: https://www.

Global Medical Robots Market is Estimated to Witness High Growth Owing to Increasing Adoption of Minimally Invasive Surgeries and Technological Advancements

gauri kanale 2023-08-14

The global medical robots market is estimated to be valued at USD 5. The rising demand for these surgeries is driving the adoption of medical robots in the healthcare sector. Additionally, the integration of AI and ML technologies allows medical robots to learn and adapt to individual patient needs, further enhancing their capabilities. Concerns regarding patient safety and privacy Key Takeaways:The global medical robots market is expected to witness high growth, exhibiting a CAGR of 16. However, high upfront costs and limited availability of skilled personnel remain major challenges for market growth.

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U.S. Surgical Robots Market Size, Share and Demand Forecast to 2027

Vynz Research 2022-10-13

The U. Get the sample copy of the Market Research @ https://www. The following are some of the major and developing players in the Market:Intuitive Surgical Inc. Think Surgical Inc. The elements that have driven and hampered the market's expansion are also mentioned in this market research analysis.

Global Surgical Robots Market to Grow at 18.94% CAGR Between 2016 and 2024

shriya laturkar 2021-06-18

Surgical Robots Market Technologies and Trend Research By Product Type (Instrument & Accessories, Robotic Systems and Services), By Application (Gynecologic Surgery, General Surgery, Cardiac Surgery, Urologic Surgery, Colorectal Surgery and Head and Neck Surgery), By Control Mechanism (Direct Telemanipulator and Computer Control) and By End User (Hospitals and Ambulatory Surgical Centers) - Global Forecast till 2027Surgical robots are used for robotic-assisted surgery, a minimally invasive surgery, allowing doctors to perform many complex procedures with more flexibility, precision, and control, which is not possible with conventional techniques.

A new report on the global surgical robots market, published by Market Research Future (MRFR), pegs that this market can elevate at 18.94% CAGR during the forecast period (2016-2024).

Regarding valuation, the worth of this market can be USD 19,596.61 Mn by the end of the forecast period.Major drivers of the global surgical robots market growth are technological advancements in surgical robots and the rising preference for minimally invasive surgeries.

Other factors aiding the global surgical robots market growth include accuracy, flexibility, increasing demand for automation in the healthcare sector, increasing innovation in medical technology, rise in spending on research & development (R) in the medical sector, and increasing prevalence of different diseases.

However, some factors that can pull down the market growth include high cost of surgical robots and risks associated with robotic surgeries.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/3025Market SegmentationThe global surgical robots market is segmented by application, control mechanism, end-user, and product type.

Regional SegmentationA geographical outlining of the global surgical robots market covers the Americas (North America & Latin America), Europe, Asia Pacific, and the Middle East & Africa (MEA).The Americas is the most important regional market as North America is the most advanced region in the world due to technological advancement and better medical facilities.

Surgical Robots are completely automated machines that assist doctors in performing surgical procedures by positioning tools precisely.

CMI Blogging 2021-09-30

Surgical robots have long been at the forefront of medical advancement.

Surgical robots have become more common in hospitals during the last few years.

They've changed the way operations are done and improved the outcomes for both patients and doctors.Robotic-assisted surgery was created to address the shortcomings of earlier minimally invasive surgical procedures and to increase doctors' ability to perform open-heart surgery.

Anesthetists formerly used a general anesthetic or a local anesthetic in combination with a nitrous oxide delivery device.

This took a long time and required complex equipment, which made it tough for the patient.New and better surgical robots have been created, allowing these operations to be performed with far less effort while retaining the greatest levels of safety and efficacy.

Integrated circuit boards (ICBs) are employed in many different regions of the body to communicate with one another in these new-style operations.

Industry Growth Reports of Orthopedic Surgical Robots Market

databridge 2022-09-15

The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework. dbmr=global-orthopedic-prosthetics-marketGlobal Orthopedic Prosthetics Market ScopeThe orthopedic prosthetics market is segmented on the basis of product type, technology type and end user type. Product type· Upper Extremity· Prosthetics· Lower Extremity Prosthetics· Liners· Sockets· Modular ComponentsBased on the product type, the orthopedic prosthetics market is segmented into upper extremity, prosthetics, lower extremity prosthetics, liners, sockets, modular components. Leading players operating in the orthopedic prosthetics market are:· Blatchford Group (UK)· Touch Bionics Inc (UK)· The Ohio Willow Wood Co (US)· Össur (Iceland)· Fillauer LLC (US)· Advanced Arm Dynamics, Inc (US)· Stryker (US)· Exactech, Inc (US)· Globus Medical Inc (US)· RTI Surgical Inc (US)· Wright Medical Group N. dbmr=global-orthopedic-prosthetics-marketBrowse Related Reports@Global Powdered Sugar Market – Industry Trends and Forecast to 2029 Global Monosodium Citrate Market – Industry Trends and Forecast to 2029Global Chicory Market – Industry Trends and Forecast to 2029Global Pea Flakes Market – Industry Trends and Forecast to 2029Global Food Shelf Life Testing Market – Industry Trends and Forecast to 2029Global Industrial Vehicles Market – Industry Trends and Forecast to 2029Global Steering Column Control Modules Market – Industry Trends and Forecast to 2029Global Speciality Flours Market – Industry Trends and Forecast to 2029Global Protein Ingredients in Infant Nutrition Market – Industry Trends and Forecast to 2029About Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.

Medical Robots Industry Analysis, Size, Share, Trends, Growth, And Forecasts For 2023 – 2032

Shraddha 2023-06-28

The Business Research Company’s Medical Robots Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The Medical Robots Global Market Report 2023 evaluates medical robots market size, growth rate, drivers, trends, and major companies. id=7665&type=smp The global medical robots market size grew from $11. The medical robots market size is expected to grow to $26. Africa Medical Robots Market 27.

Surgical Robots Market: Trends and Developments

[email protected] snehal@119 2021-04-14

The technological advancements in surgical robots, the increasing adoption of surgical robots, the various advantages of robotic-assisted surgery, and the increase in funding for medical robot research are the key drivers of the surgical robots market.

Increasing penetration of surgical robots in ASCs and emerging markets are also supporting the growth of this market.The Surgical Robots Market is expected to reach USD 11.8 billion by 2025 from USD 6.7 billion in 2020, at a CAGR of 12.1%.Ask for PDF Brochure:-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256618532Market Segmentation: -The surgical robots market is segmented based on product & service into robotic systems, instruments & accessories, and services.

The instruments & accessories segment is expected to command the largest share of the market in 2020 and is estimated to grow at the highest CAGR during the forecast period.

The recurrent purchase of instruments & accessories as opposed to robotic systems, which are a one-time investment, is the major factor driving the growth of this product segment.The market is segmented into general surgery, urological surgery, gynecological surgery, orthopedic surgery, neurosurgery, and other applications based on applications.

The general surgery applications segment is estimated to command the largest share of the market in 2020, and this segment is also projected to register the highest CAGR owing to increased use of surgical robots in general procedures such as bariatric surgery, Heller myotomy, gastrectomy, hernia repair, cholecystectomy, transoral surgery, and pancreatectomy.Market Drivers: - 1 Advantages of Robotic-Assisted Surgery 2 Technological Advancements 3 Increasing Adoption of Surgical Robots 4 Increase in Funding for Medical Robot ResearchRegional Analysis: -North America is expected to dominate the global surgical robots market in 2020, the Asia Pacific region is expected to register the highest CAGR during the forecast period.

The high growth in this region can be attributed to the increasing demand from key markets such as Japan and China and the large patient population in India.

Teleoperated Surgery is The Fastest Growing Segment Fueling The Growth of Surgical Robots Market

Gauri Cmi 2023-11-07

The global Surgical Robots Market is estimated to be valued at US$ 1021. Segment Analysis Content: The Global Surgical Robots Market is dominated by the general laparoscopic surgery segment. Regional analysis: North America currently dominates the global surgical robots market with a share of over 40% in 2023. Intuitive Surgical currently leads the global surgical robots market with its da Vinci surgical system occupying over 68% share in 2023. Other players are focusing on developing and commercializing innovative robotic platforms with improved dexterity and precision for complex surgical procedures.

The Impact of Surgical Robots on Healthcare

Steve martin 2023-04-14

Since its inception in the late 1990s, surgical robots have made a substantial contribution to healthcare. These robots were created to help surgeons carry out difficult surgical procedures with more accuracy, precision, and less intrusiveness. Additionally, telemedicine has made considerable progress thanks to the usage of surgical robots. The use of surgical robots has completely changed the healthcare industry. The usage of surgical robots in the healthcare sector is probably going to increase as technology develops further.

Medical Robots Market Drivers, Restraints and Challenges Analysis Report 2021-2027

Afshasheikh07 2021-12-27

The Medical Robots Market Report, in its latest update, highlights the significant impacts and the recent strategical changes under the present socio-economic scenario. Get | Download FREE Sample Report of Global Medical Robots Market @ https://www. What are the opportunities and challenges currently faced by the Medical Robots market? What business strategies are the competitors considering to stay in the Medical Robots market? Purchase the Complete Global Medical Robots Market Research Report @ https://www.

Surgical Robots Market Comprehensive Analysis by Technology Enhancements

Rohit Kamble 2019-12-09

The Global Surgical Robots Market to Garner a Massive Growth of 22.75%Robotic surgery, also known as robot-assisted surgery, enables doctors to perform a wide variety of complex procedures with much more flexibility, accuracy, and control than conventional surgical techniques.

This modern form of surgery involves the use of surgical robots to improve the performance level and increase the rate of success.

These forms of surgeries are normally associated with minimally invasive surgery, which involves procedures that are performed through extremely tiny incisions.In an in-depth market report published by Market Research Future (MRFR), they reveal the various relevant information and provide a detailed analysis of the segments along with the driving factors that can impact the surgical robots market growth.

Increasing automation in the healthcare industry and proliferating demand for minimally invasive surgeries has led to the growth of the surgical robots’ market on a global scale.However, risks associated with robotic surgeries, high pricing of the surgical robots, and negative attitude towards technology can strikingly hamper the market growth.

MRFR states that the global surgical robot market is expected to garner an impressive growth of rate of 22.75% over the forecast period of 2017-2023.Avail Free Sample Copy at https://www.marketresearchfuture.com/sample_request/3025Competitive LandscapeThe global surgical robots market comprises of various noteworthy players who are constantly coming up with new and innovative solutions to further advance the device and enhance its efficiency level.

Some of the key players in the market are Medtronic, Google Life Sciences, Stryker Corporation, Mazor Robotics, Intuitive Surgical, Inc., TransEnterix, Johnson & Johnson, Hansen Medical and others.13th Feb 2019, Johnson & Johnson, a global healthcare giant, revealed its plan of acquiring Auris Health, a surgical robotics company, for a striking $3.4 billion in cash.

Surgical Robots Market Trends, Segmentation, Demand, Industry Growth And Expansion 2023-2032

Mallu Swetha 2023-06-15

The Business Research Company’s Surgical Robots Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The Surgical Robots Global Market Report 2023 evaluates surgical robots market size, growth rate, drivers, trends, and major companies. id=10032&type=smp The global surgical robots market size is expected to grow from $5. The global surgical robots market size is expected to reach $12. Contact Us: The Business Research Company Europe: +44 207 1930 708Asia: +91 88972 63534Americas: +1 315 623 0293Email: info@tbrc.

Surgical Robots Market Insights: Pioneering Future Medical Procedures

Larry Paige 2023-08-04

*Introduction*The surgical robots market has emerged as a transformative force in the field of medical procedures, revolutionizing the way surgeries are performed. *Growth Drivers*The rapid growth of the surgical robots market can be attributed to several key factors:1. *Applications and Impact*The surgical robots market has had a profound impact on various medical specialties:1. **High Costs:** Initial investment and maintenance costs can be significant barriers, limiting the adoption of surgical robots in some healthcare facilities. *Future Outlook**Conclusion*The surgical robots market has redefined the landscape of medical procedures, enhancing precision, enabling minimally invasive techniques, and expanding the reach of expert care.

Surgical Robots Market Segmentation, Industry Trends And Development To 2021-2027

maximize 2022-01-22

It also aids in determining the future potential of Surgical Robots Market in the next years. To assist you understand the Surgical Robots market, this study provides a full analysis of these trends and obstacles. COVID-19 Impact Analysis on Surgical Robots Market:The report has identified detailed impact of COVID-19 on Surgical Robots market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. What will be the CAGR of the Surgical Robots market during the forecast period? Which are the prominent players in the Surgical Robots market?

Surgical Robots Market is Estimated to Experience Rapid Rise in the Span of 2017 -2024

Hemantkolhe 2021-10-29

The global Surgical Robots Market report offers a comprehensive assessment of the market for the forecast years.

(A PDF | Sample Of The Report Is Available Immediately Upon Request) @ https://www.alliedmarketresearch.com/request-sample/852 Covid-19 Scenario:1) The Covid-19 pandemic and followed by lockdown has affected several manufacturing industries.2) The prolonged lockdown resulted in a disrupted supply chain and increased the prices of raw materials.3) However, as the world has been recovering from the pandemic, the market is estimated to get back on track.The leading companies in Global Surgical Robots Market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile, and STD Reimbursement Scenario Analysis, and Top Study Testing Technologies products and services.Key Market PlayersSmith & Nephew Plc.

(Blue Belt Technologies, Inc.),Auris Surgical Robotics, Inc. (Hansen Medical Inc.),Intuitive Surgical, Inc.,KUKA AG,Stryker Corporation (MAKO Surgical Corp.),Mazor Robotics,Renishaw plc,Medtronic plc,THINK Surgical Inc.,Zimmer Biomet Holdings Inc.The Global Surgical Robots Market Report is equipped with market data from 2017 to 2024.

The report is bifurcated by top global manufactures mentioning sales, revenue, and prices as applicable.

It also evaluates the competitive scenario of the leading players.

Data, thus collected passes through multiple quality checks to ensure the best quality is served.The report gives a holistic view of the competitive scenario of the Surgical Robots Market.The latest product launches along with technological changes and development are covered in the report.The data analysis in the report helps in understanding the anticipated Surgical Robots Market dynamics from 2017 to 2024.Decision Databases has a vast repository of data, therefore, we can accommodate customized requirements also.The graphs, tables and pie charts, and info-graphics covered in the report will help in a better understanding of the report.The market drivers, restraints, upcoming opportunities, and anticipated restraints cited in the report will assist in making an informed decision.Interested in Procuring this Report?