Medical Robots Market Size, Share, Growth | Forecast to 2022,28

Medical Robots Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Surgical Robots, Hospital & Pharmacy Robots, Rehabilitation Robots, Non-Invasive Radiosurgery Robots, and Others), Application (Laparoscopy, Neurology, Orthopedics, Gynecology, Urology, Cardiology, and Others), and End User (Hospitals, Ambulatory Surgical Centers, and Others), and Geography

Publication Month : May 2022

  • Report Code : TIPHE100000816
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 241
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The medical robots market is projected to reach US$ 25,443.36 million by 2028 from an ectimated value of US$ 9,189.70 million in 2022; it is expected to grow at a CAGR of 18.5% from 2022 to 2028.

Increasing number of surgical procedures and rising number of product launches and approvals are expected to drive the medical robots market. However, the high cost of surgical procedures and installation hinders the market growth.

Medical robots are designed for specialized medical applications. These robots can perform a variety of medical tasks such as surgery, medical testing, and patient monitoring. They can perform surgery solely based on the surgeon's pre-surgical planning. Medical robots enable high precision in open and minimally invasive surgeries. They also significantly reduce the time required for surgery. Further, medical robots can be used to transport patients from one location in a hospital to another. Robots for remote caregiving, disinfectant robots to reduce hospital-acquired infections, and robotic exoskeletons for rehabilitation training that provide external support and muscle training are all examples of medical robot applications. Robotic technique in healthcare was first used in 1985, although it was only in 2000 that the da Vinci robot received US FDA approval for carrying out surgical procedures. The da Vinci robot is widely known for its applications in cardiac surgery, head and neck surgery, and urologic surgery.

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Medical Robots Market: Strategic Insights

medical-robot-market
Market Size Value inUS$ 9,189.70 Million in 2022
Market Size Value byUS$ 25,443.36 Million by 2028
Growth rateCAGR of 18.5% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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North America is likely to dominate the medical robots market during the forecast period. The US held the largest share of the North American market in 2022 and is expected to continue this trend during the forecast period. According to a study published by the American Society for Metabolic and Bariatric Surgery in 2022, the US witnessed around 62.0% of growth in bariatric surgeries during the past decade. In addition, according to the study published by the Agency for Healthcare Research and Quality in 2017, around 0.7 million total knee replacement surgeries were performed in the US per year. Such a significant number of surgical procedures is estimated to offer a favorable environment for adopting advanced healthcare facilities that will drive the US medical robots market during the forecast period.

The medical robots market is segmented based on product, application, end user, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The medical robots report offers insights and in-depth analysis of the market, emphasizing parameters such as market trends, technological advancements, market dynamics, and the competitive analysis of the globally leading market players.       

Lucrative Regions for Medical Robots Market

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Market Insights

High Number of Surgical Procedures

There is a rise in the number of surgeries performed worldwide. There has been an increase in the incidence of cardiovascular diseases in European countries in the last 25 years. In the region, the rise in diabetic cases and lifestyle changes are increasing the number of cardiovascular surgeries and general surgeries.

Cancer and diabetes are among the leading causes of mortality globally. As per a study by the American Cancer Society (ACS), in 2021, ~1.9 million new cancer cases were diagnosed in the US. In 2021, according to Dutch Cancer Registry, around 123,672 new cancer cases were registered in the Netherlands. Moreover, according to the International Diabetes Federation (IDF), in 2021, an estimated 537 million people across the world had diabetes. The number is expected to reach 783 million by 2045.

According to the study published by the American Society for Metabolic and Bariatric Surgery, in 2019, around 252,000 weight loss surgeries were performed in the US. The increasing number of surgical procedures creates a need for robotic surgery instruments. Therefore, the staggering prevalence of chronic conditions and the rising number of surgical procedures generate the demand for robotic surgery instruments. 

Product Insights

Based on product, the global medical robots market is segmented into surgical robots, rehabilitation robots, non-invasive radio surgery robots, hospitals & pharmacy robots, and others. The surgical robots are subsegmented into neurological surgery robotic systems, cardiology surgery robotic systems, laparoscopic surgical robotic systems, and orthopedic surgical robotic systems. In 2022, the surgical robots segment held the largest share of the market. Robotic surgeries are surgical procedures performed using robotic surgical systems. Surgical robots are self-automated and computer-controlled medical devices that are programmed to assist in the positioning and manipulating the surgical instruments, these surgical robots helps surgeons to perform complex surgical procedures. These robots has the ability to enhance the capabilities of surgeons performing open surgery. Therefore, the surgical robots are allowed to perform the complex and advanced surgical procedures with increases precision through minimally invasive ways. However, the rehabilitation robots segment is anticipated to register the highest CAGR during the forecast period.

Medical Robots Market, by Product – 2022 and 2028

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Application Insights

Based on application, the global medical robots market is segmented into laparoscopy, neurology, orthopedics, gynecology, urology, cardiology, and others. In 2022, the laparoscopy segment held the largest share of the market. However, the neurology segment is expected to register the highest CAGR during the forecast period. Laparoscopy is a surgical diagnostic procedure used to examine the organs inside the abdomen. Robotic surgery is a minimally invasive procedure that requires only small incisions and has low risk. In 2000, the da Vinci surgery system became the first robotic surgery system approved by the FDA for general laparoscopic surgery. And the latest high-end model is the da Vinci Xi. The deployment of medical robots has led to improved efficiency in laparoscopic surgical procedures. In January 2022, a robot performed laparoscopic surgery on the soft tissue of a pig without the guiding hand of a human. As the medical field moves toward more laparoscopic approaches for surgeries, it will be important to have an automated robotic system designed for such procedures to assist. One of the major reasons behind the growing preference for laparoscopic procedures in recent years is the gradual shift of the healthcare sector away from open surgeries. The laparoscopy market is likely to grow in the coming years due to all the factors mentioned above.

End User Insights

Based on end user, the global medical robots market is segmented into hospitals, ambulatory surgical centers, and others. In 2022, the hospitals segment held the largest share of the market. Moreover, the same segment is expected to register the highest CAGR in the market during the forecast period, owing to the medical advantages and usage of medical robots in the surgical procedures at an increased rate and enhaced performance of the robots during surgical procedures.

Product launches and collaborations are highly adopted strategies by the global medical robots market players to expand their global footprints and product portfolios. The players also focus on the partnership strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name globally. They aim to flourish their market shares with the development of innovative products. A few of the recent key market developments are listed below:

  • In February 2022, Capsa Healthcare a leading innovator in healthcare delivery solutions for hospitals, long-term care, and retail pharmacy providers acquired Humanscale Healthcare, a designer and manufacturer of flexible technology solutions and computing workstations based in New York, NY.
  • In January 2022, Omnicell, Inc. launched Reimaging IV Station, a fully automated IV compounding robot that tackles industry issues head-on while delivering patient safety, accuracy, cost savings, supply chain control, and compliance benefits.
  • In October 2021, Accuray launched Precision Treatment Planning System, enabling users to plan with ease, optimize with quality, and deliver treatments efficiently. VOLO Ultra is the latest evolution of the planning solution, the Accuray Precision Treatment Planning System. It helps accelerate Radixact and TomoTherapy treatments so clinicians can treat more patients each day. It includes a state-of-the-art optimizer with a modern and fast gradient-based algorithm that provides optimal plan quality for every treatment.
  • In June 2021, ARxium launched a robot "RIVA" at the Lille University Hospital to prepare injectable chemotherapies.

Medical Robots – Market Segmentation

The global medical robots market is segmented based on product, application, and end user. In terms of product, the global medical robots market is segmented into surgical robots, rehabilitation robots, non-invasive radiosurgery robots, hospital & pharmacy robots, and others. Based on application, the global medical robots market is segmented into laparoscopy, neurology, orthopedics, gynecology, urology, cardiology, and others. In terms of end user, the medical robots market is segmented into hospitals, ambulatory surgical centers, and others.

Company Profiles

  • Intuitive Surgical, Inc.
  • Stryker Corporation
  • Hocoma AG
  • Medtronic
  • Auris Health, Inc.
  • Accuray Incorporated
  • Omnicell Inc.
  • Arxium
  • Ekso Bionics Holdings, Inc.
  • Kirby Lester LLC.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, Application, and End User, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are medical robots?

Medical robots are designed to assist surgeons during the surgical procedures. Medical robots are professional service robots that are used inside and outside of the hospital settings to progress the overall level of patient care. They reduce the workload of healthcare staff, enabling them to spend more time caring directly to patients while creating substantial operational procedure which provides efficacy and reduced cost investments for healthcare amenities. The medical robots are majorly used for surgical producers, there are different types of medical robots. The types of the medical robots include surgical robots, rehabilitation robots, hospital & pharmacy robots, and more.

What are the driving factors for the medical robots market across the North America?

The use of the medical robots is more in countries of US as the technological advancement is matured and is highly involved in the research and developments for the healthcare and medical industries. The Canada is also a matured market for the medical robotics as the rise in the support by the government for the developments of the medical equipment is rising with the help of financial support. However, the Mexico is the late adopter of the medical robots still the market is likely to propel significantly in the forecasted period due to the advantages provided by the medical robots.

What is the market CAGR value of the medical robots market during the forecast period?

The CAGR value of the medical robots market during the forecasted period of 2022-2028 is 18.5%.

Which type led the medical robots market?

The surgical robots segment is likely to for the largest share in the global medical robots market by product owing to key factors like rise of technological innovations in robotic systems to increase their efficiency and utility, rapid advancements in surgical robots, rising demand for minimal invasive surgical procedures, advantages of robotic assisted surgeries, the post-surgery benefits, and rising per capita healthcare spending in emerging countries.

Who are the key players in the medical robots market?

The medical robots market majorly consists of players such as Intuitive Surgical, Inc., Stryker Corporation, Hocoma AG, Medtronic, Auris Health, Inc., Accuray Incorporated, Omnicell Inc., Arxium, Ekso Bionics Holdings, Inc., ad Kirby Lester LLC among others.

Which are the top companies that hold the market share in medical robots market?

Intuitive Surgical, Inc., and Stryker Corporation are the top two companies that hold huge market shares in the medical robots market.

Which region is expected to witness significant demand for the medical robots market in the coming years?

In 2022, North America is likely to account for the largest share in the global medical robots market. However, Asia Pacific is projected to grow at a faster pace over the forecast period. The growth of the medical robots market in this region is primarily due to increasing number of minimally invasive surgeries in Japan and China, due to the rise in the medical tourism in India, and the growth in the initiatives taken by government to enhance the usage of medical robots.

What is the COVID 19 impact on the medical robots market in the coming years?

The pandemic of coronavirus disease 2019 (COVID-19) has increased hospital resource us. As a result, health care systems are overburdened, and the delivery of medical care to all patients has become a challenge in the region. In addition, medical device industry is also facing negative impact of this pandemic. As the COVID-19 pandemic continues to unfold, medical device companies are finding difficulties in managing their operations. Many companies offering medical robots have their business operations in the United states and business are adversely being affected by the effects of a widespread outbreak of COVID-19. This has disrupted and restricted company’s ability to distribute products, as well as temporary closures of company’s facilities. However, gradually hospitals have started resuming elective procedures as the COVID-19 recovery rate is increasing the demand for medical equipment like medical robots is expected to increase.

The List of Companies - Medical Robots Market

  1. Abbott
  2. F. Hoffmann-La Roche Ltd.              
  3. Immunexpress Inc.             
  4. BD             
  5. Danaher                  
  6. Luminex Corporation         
  7. Thermo Fisher Scientific Inc.           
  8. bioMerieux SA.     
  9. T2 Biosystems, Inc.             
  10. Axis-Shield Diagnostics Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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