Global Medical Robots Market Report and Forecast 2025-2034

Global Medical Robots Market Outlook

The global medical robots market stood at a value of around USD 15.56 billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 22.2% to reach USD 94.67 billion by 2034.

Neurosurgery is Predicted to Hold a Significant Market Share in Medical Robots Industry over the Forecast Period

Based on application, neurosurgery is predicted to hold a significant market share in the medical robots industry during the forecast period due to improvement in the quality and accuracy of medical robots, increased safety, minimally invasive surgical procedure, rising cases of brain related disorders, considerable cost savings, and faster recovery periods due to minimally invasive surgical procedure. These factors are expected to aid the growth of the market.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

North America Secured the Largest Market Share and is Anticipated to Retain its Dominance

Geographically, North America dominates the global medical robots industry due to the rapid growth in demand for surgical robots, hospital robots, and others, along with an increasing focus of major market players to fulfil the demand for advanced medical solutions within the region. Moreover, an increasing number of research and development activities related to the medical sector and the growing approval for robotics based research funds will also propel the growth of the medical robots industry.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Medical Robots: Market Segmentation

The combination of medical science and artificial intelligence technology has inspired the invention of medical robots. These robotic solutions provide precision lasers and miniaturised cameras to conduct minimally invasive surgery, including cystectomy, prostatectomy, and many other procedures.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By type, the industry can be segmented into:

• Surgical Robotic Systems 
• Rehabilitative Robotic Systems
• Non-invasive Radiosurgery Robots
• Hospital and Pharmacy Robotic Systems
• Others

Based on application, the industry can be segmented into:

• Cardiology 
• Laparoscopy
• Pharmacy 
• Neurosurgery
• Orthopaedic Surgery
• Others

On the basis of end use, the industry can be segmented into:

• Hospitals and Clinics 
• Speciality Centres 
• Rehabilitation Centres 
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rapid Technological Improvements to Bolster the Growth of the Global Medical Robots Industry

The rising demand for advanced medical solutions and the growing healthcare sector are aiding the growth of the global medical robots industry. The growth in medical robotics is propelled by a combination of technological improvements, advancement in medical imaging solutions, such as magnetic resonance imaging, higher resolutions, and 3D ultrasound, the increasing adoption of surgical robots, and a rise in funding for research activities related to medical robots. Additionally, the growing demand for minimally invasive surgeries and a rise in surgeon/patient acceptance of both robotic assistance and laparoscopic procedures are expected to further aid the market growth over the forecast period.

Key Industry Players in the Global Medical Robots Market

The report gives a detailed analysis of the following key players in the global medical robots market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Auris Health, Inc. 
• Intuitive Surgical, Inc. 
• Medrobotics Corporation 
• Stryker Corporation 
• Omnicell, Inc.  
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report