Medical Robots Market : By Product (Instrument & Accessories, Robotic Systems, Services), By Deployment Mode (On-premises, Cloud-based), By Application Type (Laboratory Applications, Physical Rehabilitation, Sanitation & Disinfection, Delivering Medical Supplies and Equipment, Prescription Dispensing System, External Beam Radiation Therapy, Surgery Assistance, Others) and Geography  

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Medical Robots Market size was valued at USD 8.24 billion in 2022 and is expected to reach USD 22.87 billion by 2029, at a sigmificant CAGR of 14.52% from 2023-2029. Medical Robots will enable surgeons to perform surgeries with high precision. Medical robotics is a new and an emerging field of science. There are different medical applications that emerged such as laboratory robots, teleconsultation, telesurgery, rehabilitation robots, remote surgery, and surgical robots, to assist the deaf and the blind. Medical robots will be used in surgeries to reduce infection risk. Due to the usage of medical robots risks to patients are reduced and the accuracy of surgeons will be increased. Currently, robotic surgeries are performed for gynecological, urological, orthopedic, neurological, and gastrointestinal diseases. The scope and application of surgical robot usage are expected to increase over the years owing to their accuracy.

Many leading medical device manufacturers enter the medical robots market by acquiring small-scale surgical robotic system manufacturers. For instance, in 2013, Stryker Corporation acquired Mako Surgical Corp. and in 2016, Smith & Nephew acquired Blue Belt Technology that are popular surgical robotic system manufacturer for orthopedic surgeries. Rehabilitation robotics is yet another emerging concept in the medical robotics and computer-assisted surgery industry. The involvement of robotic technology in the treatment and rehabilitation of paralyzed and amputees has taken the healthcare sector to another level. Several companies now focus on developing advanced robotic prosthetics, orthotics, and exoskeletons. An increase in demand for advanced treatment methods for various severe diseases and an increase in the prevalence of cardiac and neurological disorders and cancer provides robust market growth. Technological advancements and applications of these technologies in critical surgeries propel the global medical robots market over the forecast period. Favorable government regulations boost healthcare assistive robots market growth. For instance, Technology-related Assistance for Individuals with Disabilities Act (1988) stimulated the development of assistive technology devices by providing funds to the states. Growing awareness coupled with an increase in efforts to promote robotic research will fuel the growth of the medical robots market.

Medical Robots Market Key Developments:

  • In April 2014, Intuitive Surgical, Inc. Surgical System received U.S. FDA510(k) clearance
  • In January 2013, iRobot received 510(k) clearance from U.S.FDA for its RP-VITA, a robot with autonomous navigation remote first of its kind
  • In March 2012, Houston Medical Robotics, Inc. received U.S. Food and Drug Administration 510(k) clearance for marketing the Euclid Tier 1 Mini Access System

Global Medical Robots Market Summary

Study Period

2023-29

Base Year

2022

CAGR

14.52%

Largest Market

Asia-Pacific

Fastest Growing Market

North America
Medical Robots Market Dynamics

Medical robots market driven by mainly their acceptance in diversified fields such as an interventional cardiology, neurology, and orthopaedic surgery, among others provides gainful opportunities for the manufacturers in the market. Physicians were assisted by the medical robots to attain precise results in the complex surgeries. Rise in innovative technologies in medical field drive the growth of medical robots market. Need of technical professionals to perform surgeries and being more expensive are the major constraints in the medical robots market.

Key Features of the Reports

  • The medical robots market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Medical Robots Market Segmentation

By Product Type
  • Instrument & Accessories,
  • Robotic Systems,
  • Services
By Deployment Mode
  • On-premises,
  • Cloud-based
By Application
  • Laboratory Applications,
  • Physical Rehabilitation,
  • Sanitation & Disinfection, Delivering Medical Supplies and Equipment,
  • Prescription Dispensing System,
  • External Beam Radiation Therapy,
  • Surgery Assistance,
  • Others
By Geography
  • Latin America
  • Middle East and Africa
  • North America
  • Asia-Pacific
  • Europe

Frequently Asked Questions

The Medical robots market size was valued at USD 8.24 billion in 2022.

The key segments covered in the medical robots market are technology, components, application, and end-users.

The Medical robots market key players are Intuitive Surgical (US), Stryker Corporation (US), Omnicell (US), Franka Emika (Germany), BD Rowa (US), ARxIUM (Canada), Hocoma AG (Switzerland)

1. Executive Summary
2. Global Medical Robots Market Introduction
2.1. Global Medical Robots Market Taxonomy
2.2. Global Medical Robots Market Definitions
2.2.1. By Product
2.2.2. By Deployment Mode
2.2.3. By Application Type
2.2.4. By Region
3. Global Medical Robots Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Medical Robots Market Dynamic Factors - Impact Analysis
3.6. Global Medical Robots Market Competition Landscape
4. Global Medical Robots Market Analysis, 2018-2022 and Forecast, 2023-2029
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Medical Robots Market, By Product, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.1. Instrument & Accessories
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Robotic Systems
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Services
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Medical Robots Market, By Deployment Mode, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) 
6.1. On-premises
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Cloud-based
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Medical Robots Market, By Application Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) 
7.1. Laboratory Applications
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Physical Rehabilitation
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Sanitation & Disinfection
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Delivering Medical Supplies and Equipment
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Prescription Dispensing System
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. External Beam Radiation Therapy
7.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Surgery Assistance
7.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
7.8. Others
7.8.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.8.3. Market Opportunity Analysis
8. Global Medical Robots Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Medical Robots Market - Opportunity Analysis Index, By Product & Service, By Deployment Mode, By Application Type and Region, 2023-2029
9. North America Medical Robots Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) 
9.1. Product & Service Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Instrument & Accessories
9.1.2. Robotic Systems
9.1.3. Services
9.2. Deployment Mode Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. On-premises
9.2.2. Cloud-based
9.3. Application Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.3.1. Laboratory Applications
9.3.2. Physical Rehabilitation
9.3.3. Sanitation & Disinfection
9.3.4. Delivering Medical Supplies and Equipment
9.3.5. Prescription Dispensing System
9.3.6. External Beam Radiation Therapy
9.3.7. Surgery Assistance
9.3.8. Others
9.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Medical Robots Market - Opportunity Analysis Index, By Product & Service, By Deployment Mode, By Application Type and Country, 2023-2029
9.6. North America Medical Robots Market Dynamics Trends
10. Europe Medical Robots Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) 
10.1. Product & Service Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Instrument & Accessories
10.1.2. Robotic Systems
10.1.3. Services
10.2. Deployment Mode Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. On-premises
10.2.2. Cloud-based
10.3. Application Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Laboratory Applications
10.3.2. Physical Rehabilitation
10.3.3. Sanitation & Disinfection
10.3.4. Delivering Medical Supplies and Equipment
10.3.5. Prescription Dispensing System
10.3.6. External Beam Radiation Therapy
10.3.7. Surgery Assistance
10.3.8. Others
10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Rest of Europe
10.5. Europe Medical Robots Market - Opportunity Analysis Index, By Type of service, By Enterprise Size, and Country, 2023-2029
10.6. Europe Medical Robots Market Dynamics Trends
11. Asia-Pacific Medical Robots Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) 
11.1. Product & Service Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Instrument & Accessories
11.1.2. Robotic Systems
11.1.3. Services
11.2. Deployment Mode Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. On-premises
11.2.2. Cloud-based
11.3. Application Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Laboratory Applications
11.3.2. Physical Rehabilitation
11.3.3. Sanitation & Disinfection
11.3.4. Delivering Medical Supplies and Equipment
11.3.5. Prescription Dispensing System
11.3.6. External Beam Radiation Therapy
11.3.7. Surgery Assistance
11.3.8. Others
11.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Medical Robots Market - Opportunity Analysis Index, By Product & Service, By Deployment Mode, By Application Type, and Country, 2023-2029
11.6. Asia-Pacific Medical Robots Market Dynamics Trends
12. Latin America Medical Robots Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) 
12.1. Product & Service Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Instrument & Accessories
12.1.2. Robotic Systems
12.1.3. Services
12.2. Deployment Mode Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. On-premises
12.2.2. Cloud-based
12.3. Application Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Laboratory Applications
12.3.2. Physical Rehabilitation
12.3.3. Sanitation & Disinfection
12.3.4. Delivering Medical Supplies and Equipment
12.3.5. Prescription Dispensing System
12.3.6. External Beam Radiation Therapy
12.3.7. Surgery Assistance
12.3.8. Others
12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Medical Robots Market - Opportunity Analysis Index, By Product & Service, By Deployment Mode, By Application Type, and Country, 2023-2029
12.6. Latin America Medical Robots Market Dynamics Trends
13. Middle East and Africa Medical Robots Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) 
13.1. Product & Service Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Instrument & Accessories
13.1.2. Robotic Systems
13.1.3. Services
13.2. Deployment Mode Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. On-premises
13.2.2. Cloud-based
13.3. Application Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Laboratory Applications
13.3.2. Physical Rehabilitation
13.3.3. Sanitation & Disinfection
13.3.4. Delivering Medical Supplies and Equipment
13.3.5. Prescription Dispensing System
13.3.6. External Beam Radiation Therapy
13.3.7. Surgery Assistance
13.3.8. Others
13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Medical Robots Market - Opportunity Analysis Index, By Type, By Mode of Operation, By Application, By Power, By End-Use and Country, 2023-2029
13.6. MEA Medical Robots Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Intuitive Surgical (US)
14.2.2. Stryker Corporation (US)
14.2.3. Omnicell (US)
14.2.4. Franka Emika (Germany)
14.2.5. BD Rowa (US)
14.2.6. ARxIUM (Canada)
14.2.7. Hocoma AG (Switzerland)
15. Research Methodology
16. Key Assumptions and Acronyms
  • Intuitive Surgical (US)
  • Stryker Corporation (US)
  • Omnicell (US)
  • Franka Emika (Germany)
  • BD Rowa (US)
  • ARxIUM (Canada)
  • Hocoma AG (Switzerland)