The global Medical Robotic Systems Market size is anticipated to reach USD 76.45 billion by 2030 and is projected to grow at a CAGR of 16.55% from 2024 to 2030, according to a new report by Grand View Research, Inc. The major factors contributing to the market growth are the higher per capita healthcare spending and technological advancements in surgical medical equipment. For instance, in March 2024, Nanoflex Robotics installed its inaugural remote-controlled robotic system for neurovascular procedures in the U.S. Developed by a spin-off from the Swiss Federal Institute of Technology in Zurich, the magnetically controlled catheter will undergo testing and studies at the Jacobs Institute. Furthermore, the surging need for surgical procedures in the elderly population, growing demand for accurate laparoscopic surgeries, and rising cases of trauma injuries are fueling the market growth.
Advancements in
technology along with the growing number of FDA clearances for products are
expected to further propel the market growth in the forecast period.
Technologies such as motion sensors, data recorders, data analytics, HD surgical microscopic cameras, robotic catheter
control systems (CCS), 3D imaging, and remote navigation are being incorporated
into the robotic system. These technologies are increasing the demand for
robotic minimally invasive surgeries as they provide greater control and higher
accuracy.
The rising
incidence of chronic diseases such as cancer, neurological disorders,
orthopedic conditions, and cardiovascular diseases is driving the demand for
advanced medical technologies, including robotic systems. These systems offer
improved precision, skill, and access to hard-to-reach areas, making them
valuable tools for diagnosis and treatment. The global population is rapidly
aging, with a significant increase in the number of elderly individuals. As
people age, they are more susceptible to various health issues, leading to a
higher demand for healthcare services and advanced medical technologies such as
robotic systems. These systems can assist in providing efficient and effective
care to the aging population.
Additionally, the
medical robotic systems market is dynamic, with key players driving innovation
through strategic partnerships and advanced technologies. Leading companies
including Intuitive Surgical, Stryker Corporation, and Medtronic are
continuously enhancing their robotic platforms to improve surgical precision
and patient outcomes. Intuitive Surgical, known for its da Vinci systems,
focuses on expanding its global footprint and developing next-generation
robotic solutions. For instance, in February 2024, THINK Surgical, Inc., a
pioneer in orthopedic surgical robots, announced a new collaboration agreement
with Waldemar Link GmbH & Co. KG from Germany, known for its innovative
joint replacement solutions. These strategies and alliances with hospitals and
research institutions, enable the companies to remain competitive and advance
the capabilities of medical robotics, benefiting patients and healthcare
providers worldwide.
List of Key
Players in the Medical Robotic Systems Market
- iRobot Corporation
- Medrobotics Corporation
- Titan Medical Inc.
- Renishaw Plc
- Health Robotics SLR
- OR Productivity plc
- Intuitive Surgical
- Mako Surgical Corp.
- Varian Medical Systems
- Stereotaxis Inc.
Related Press Release@ Medical Robotic Systems Market Report
Medical Robotic
Systems Market Report Highlights
- The medical
service robots segment held the largest share in 2023. Medical service
robots significantly enhance patient care by supporting healthcare
professionals, increasing operational efficiencies, and mitigating labor
shortages while reducing human error.
- The cleanroom robots segment is projected to grow
fastest in the coming years. These robots are crucial for maintaining
sterile environments in sensitive medical settings such as hospitals, pharmaceutical
manufacturing facilities, and research laboratories.
- The Asia Pacific medical robotic systems market
dominated the overall global market in 2023. The market is growing through
partnerships with hospitals to advance medical treatments. These collaborations
aim to integrate advanced robotic technologies into healthcare settings,
enhancing surgical precision and patient care.
- The competitive scenario in the medical robotic
systems market is highly competitive, with several of key players holding
significant positions.
Medical Robotic Market Report
Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD 30.50
billion |
|
Revenue
forecast in 2030 |
USD 76.45
billion |
|
Growth
rate |
CAGR of
16.55% from 2024 to 2030 |
|
Actual
data |
2018 -
2023 |
|
Forecast period |
2024 - 2030 |
Medical Robotic
Systems Market Segmentation
Grand View
Research has segmented the global medical robotic systems market based on type
and region:
Medical Robotic
Systems Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Surgical Robots
- Surgical Robots, By Application
- Orthopedics
- Neurology
- Urology
- Gynecology
- Others
- Exo-Robots
- Exo-Robots, By Extremities
- Upper Body
- Lower Body
- Full Body
- Pharma Robots
- Traditional Robots
- Articulated Robots
- Delta/Parallel Robots
- SCARA Robots
- Dual-Arm Robots
- Cartesian Robots
- Collaborative Robots
- Cleanroom Robots
- Traditional Robots
- Articulated Robots
- SCARA Robots
- Parallel Robots
- Cartesian Robots
- Collaborative Robots
- Robotic Prosthetics
- MPC Prosthetics
- Myoelectrical Prosthetics
- Medical Service Robots
Medical Robotic
Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Norway
- Denmark
- Sweden
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Thailand
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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