Global Medical Robots Market- Industry Trends &
Forecast Report 2027
The global medical robots market is flourishing by leaps
and bounds and was worth USD 8.7 billion in the year 2020. The market is
further projected to grow at a CAGR of 14.9% and to reach worth USD 22.8
billion during the forecast period (2021-2027). Robot-assisted training and
surgeries are used for a variety of purposes, including surgeries, recovery,
and more. They provide several advantages over traditional healthcare services.
Furthermore, the high accuracy offered by robots, combined with the industry's
growing focus on research and development, are significantly contributing
to the market's growth.
Global Medical Robots Market- Overview
Medical robots are fast, efficient, and accurate in their
execution of tasks. These robots are becoming more common these days because,
as compared to human surgeons, they are capable of performing vital and
complicated surgeries with extreme precision. The application of robots in the
medical industry is very vast. Robots are nowadays increasingly used in
orthopedic surgery, laparoscopy, emergency medicine,
neurosurgery, and a variety of other medical fields. Robotic surgery has a
high success rate, which is why it is gaining popularity worldwide.
the increasing incidences of chronic diseases, an aging global
population, enhanced reimbursement strategies, and public initiatives and
funding to develop technologically advanced devices, the global medical robots
market is expected to grow at a rapid pace during the forecast period.
Global Medical Robots Market Forecast and Trends
Increase in Laparoscopic Surgical Procedures
Robot-assisted laparoscopic surgery is one of the most
commonly performed general surgical procedures. In recent years, there has been
a rapid transition toward robot-assisted laparoscopic surgical procedures over
traditional surgeries. This is because these surgeries are minimally invasive
and offer lower risks as they involve smaller incisions on the body which
ensures little blood loss. Robotic-assisted services are highly efficient in
performing laparoscopic surgeries and offer high precision. Surgical robots are
being devised to expand human surgeons' capacities beyond the limitations
of traditional laparoscopy. As a result, the demand for these robots is gaining
traction and is expected to multiply during the forecast period, thereby
propelling the growth of the global medical robots market.
The Precision Offered by Robot-Assisted Surgeries
The medical robots are highly efficient and can perform
minimally invasive surgeries with ease as compared to human surgeons. In
comparison to traditional open surgery, robotic surgery requires fewer
incisions, which reduces pain and scarring while also allowing for a shorter
hospital stay and quicker recovery. Therefore, robot-assisted surgeries are
getting more and more popular among patients. Hospitals are, therefore,
increasingly investing in medical robots, which is fueling the growth of the
medical robots market. Robot-assisted surgeries are also beneficial to surgeons
because it allows them to perform complicated surgical procedures that
would have been challenging, without the assistance of the robot.
Expensive Robotic System and Devices may hinder the Market
The manufacturing of medical robots involves high
production costs which may hinder the market growth as not many hospitals and
private clinics can afford such a large investment. Moreover, the hospitals equipped
with those medical robots only use them for complicated and life-saving
procedures. In addition, the costs of maintaining these devices put additional
financial pressure on healthcare facilities. Additionally, hospital budget cuts
have stifled the introduction of medical robots. What’s more, over the forecast
era, the lack of qualified medical professionals and safety issues concerning
robotic surgery systems are expected to restrict the adoption of medical
Impact of Covid-19 on Global Medical Robots Market
The COVID-19-induced pandemic situation has had a negative
impact on the global medical robots market. As soon as the WHO declared the
novel coronavirus a pandemic, numerous non-emergency surgical procedures were
postponed or canceled to prevent the spread of the virus, resulting in a
significant drop in demand for medical robots.
Furthermore, due to the economic recession in several
countries and the unavailability of resources, the healthcare system went under
a lot of strain. As a result, the investments in medical robots were cut down
tremendously due to which the demand for medical robots witnessed a sudden
slump. However, the demand for medical robots is likely to return to pre-COVID
levels by 2022.
Global Medical Robots Market - By Product
Based on product, the global medical robots market is
segmented into surgical robots, rehabilitation robots, telepresence robots, and
others. Among these, the surgical robots registered the highest demand in the
year 2020 and are further estimated to grow during the forecast period. Surgical
robots are self-powered devices controlled by computers. These robots can be programmed
to assist with surgical instrument positioning and manipulation, which in turn
increases the precision, flexibility, and control of surgeons. The growing
demand for surgical robots across the globe is driving the growth of the global
medical robots market.
Global Medical Robots Market - By End-User
Based on end-user, the global medical robots market is
categorized into hospitals, ambulatory, surgery centers, rehabilitation
centers, and others. The hospital segment held the largest market share in the
year 2020 and is further estimated to grow at an impressive CAGR in the
forecast period. The rising adoption of medical robots in hospitals for conducting
various medical procedures, along with the rising number of people approaching
hospitals for surgeries is expected to fuel the market demand for medical
robots during the forecast period.
Global Medical Robots Market - Regional Insights
Geographically, the global medical robots market is
segmented into North America, Europe, Asia-Pacific (APAC), Latin America
(LATAM), and Middle-East & Africa (MEA). North America dominated the market
in the year 2020 with the highest market share. The region's advanced healthcare
infrastructure is a major factor driving the growth of the medical robots
market in North America. Furthermore, with a high GDP and per capita income,
healthcare expenditure is also high in the region, which drives the demand
for hospital and surgical robots for critical surgeries in North America.
The leading players of the global medical robots market
are Smith & Nephew, Zimmer Biomet, Intuitive Surgical, Inc., Ekso Bionics,
BIONIK, Stryker, Cyberdyne, Inc., Medtronic, Accuray, ARxIUM, Hocoma AG, BD
Rowa, Omnicell, Inc., Varian Medical Systems, Renishaw plc., Mckesson
Corporation, Intouch Technologies Inc., Capsa Healthcare, Aethon, and other
The competitive landscape of this market is very
consolidated with only a few players dominating the larger share in the market.
The companies are focusing and investing huge amounts into research and
development for launching new products and expanding their product portfolio
for market growth.
In February 2021, SS Innovations—an
India-based non-profit organization aiming to expand access to robotic
surgical procedures through clinical experience, patient outreach, and
technological development, announced its plan to commercially launch
India's first and the world's most affordable general robotic surgery
platform within the next 4-6 months.
In October 2020, Medical
Microinstruments, based in Italy, unveiled its Symani Surgical System, a
robotic device that enables surgeons to execute some of the most complex
microsurgeries with greater accuracy and fewer complications.
Scope of the Report
Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Revenue in USD Million
North America, Europe, the Asia-Pacific, Latin America,
and the Middle East and Africa
By Product, By End-User, By Region
Smith & Nephew, Zimmer Biomet, Intuitive Surgical,
Inc., Ekso Bionics, BIONIK, Stryker, Cyberdyne, Inc., Medtronic, Accuray,
ARxIUM, Hocoma AG, BD Rowa, Omnicell, Inc., Varian Medical Systems, Renishaw
plc., Mckesson Corporation, Intouch Technologies Inc., Capsa Healthcare,
Aethon, and other prominent players.
Ø Surgical Robots
Ø Rehabilitation Robots
Ø Telepresence Robots
Ø Surgery Centers
Ø Rehabilitation Centers
Ø North America
Ø Asia-Pacific (APAC)
Ø Latin America (LATAM)
Ø Middle-East & Africa (MEA)
1. What is the current size of the global medical robots
Answer: The global
medical robots market reached USD 8.7 billion in 2020.
2. What are the major factors driving the growth of the
global medical robots market?
major factors driving the growth of the global medical robots market are an increase
in laparoscopic surgical procedures and precision offered by robot-assisted
3. Who are the key players in the global medical robots
key players in the global medical robots market are Smith & Nephew, Zimmer
Biomet, Intuitive Surgical, Inc., Ekso Bionics, BIONIK, Stryker, Cyberdyne,
Inc., Medtronic, Accuray, ARxIUM, Hocoma AG, BD Rowa, Omnicell, Inc., Varian
Medical Systems, Renishaw plc., Mckesson Corporation, Intouch Technologies
Inc., Capsa Healthcare, Aethon, and other prominent players.
4. Which end-user segment accounted for the largest share
in the global medical robots market?
hospital segment accounted for the largest share in the global medical robots
5. Which region is at the highest
growth rate in the global medical
Answer: North America has the largest share in
the global medical robots market.