According to a recently published report by Roots Analysis, the growing demand for surgical robots to perform minimally invasive surgeries and rehabilitation robots to support patients with mobility impairment is driving the medical robotics market growth
The global medical robotics market size is estimated to reach over USD 31.3 billion by 2035, growing at a CAGR of 4.5% during the forecast period 2026-2035.
Over the past few years, medical robots have garnered significant recognition for their pivotal role in revolutionizing surgical practices in the medical field. The ongoing advancements in cutting-edge technologies, medical imaging and artificial intelligence have led to a paradigm shift towards the increased adoption of surgical robots in the healthcare sector. In addition to surgical robots, wearable robotic exoskeletons (WREs) / rehabilitation robots have emerged as advantageous tools to restore locomotion of the upper and / or lower parts of the body of patients. These robots support the patients in regaining strength, mobility and endurance after any injury or aid the people with disabilities to perform daily tasks more independently. With the ongoing advancements in the robotic platforms / technologies and presence of stringent regulatory guidelines for the approval of such robotic systems, the stakeholders have been vigorously putting efforts for the development and commercialization of robotic systems.
Browse 170+ figures and 255+ market data tables spread across 500+ pages and detailed Table of Content on “Medical Robotics Market by Medical Robots, Offerings of Surgical Robot Developers, Deployment Model, Type of Surgical Procedure Supported, Body Part Covered, Mode of Operation, Form of Exoskeleton, Application Area, End User and Key Geographical Regions: Industry Trends and Global Forecasts, till 2035” here:
https://www.rootsanalysis.com/reports/medical-robotics-market.html
Several factors are propelling the growth of the medical robotics market. The integration of artificial intelligence, medical imaging and visualization technologies is driving the advancements in this domain, by offering real-time data analysis and improvement in decision-making ability for surgeons. In addition, the ever-growing prevalence of chronic diseases that require complex surgical procedures has led to a higher demand for surgical robotic systems in order to achieve surgical precision, reduce any complications and lower the risk of post-operative infection. Further, with rising incidence of neurological disorders and related injuries, demand for mobility devices has also increased. Rehabilitation robots (medical exoskeletons) can alleviate the burden by providing enhanced mobility and support, allowing individuals to regain independence, and potentially slow down the disease progression. Interestingly, the companies are transitioning from developing rigid exoskeletons to soft and lightweight exoskeletons that are more comfortable to use. This is likely to result in higher adoption and subsequently, a substantial growth of the overall medical robotics market.
While the medical robotics market is experiencing substantial growth, the industry is fraught with various challenges. One of the primary restraints is the high cost associated with the production and maintenance of surgical robots. Additionally, the high cost of instruments / accessories (associated with these robots) also adds to the cost. Thus, high upfront investment required to develop surgical robots also act as a barrier to this industry. Additionally, several limitations associated with rehabilitation robots, such as limited battery life, high weight, and less adaptability to different environments can affect their practicality and effectiveness. These limitations might make the user skeptical towards the adoption of these products, particularly in healthcare settings. Also, the lack of established reimbursement models for both surgical and rehabilitation robots can be a deterrent for the end users.
Despite the challenges, several growth factors continue to drive the medical robotics market forward. One notable factor is the emergence of surgical robots as a promising tool for detection, prophylaxis and early intervention for certain chronic diseases. The emergence of telesurgery presents an opportunity for the surgeons to assist or conduct robotic surgeries remotely. Therefore, many surgical robot developers are developing remote-based surgical robots to support the patients residing all across the globe. Furthermore, rehabilitation robot developers have received substantial support for research and development of their exoskeleton products, along with sales and marketing endeavors, through various types of fundings, including grants, crowd funding and equity. Unique marketing strategies enable the stakeholders to promote their exoskeleton products, and foster growth in the market. Many companies offer live demonstrations and trials of their exoskeletons at trade shows. Such demonstrations allow the individuals to test the product at no cost, and the companies to gain customer trust, thereby encouraging increased adoption.
The medical robotics market report also includes profiles of key players (listed below) that engaged in the development of medical robots:
Abbott, CYBERDYNE, Ekso Bionics, ExoAtlet, Fourier Intelligence, Gloreha, Guangzhou Yikang, Hexar Humancare, Hocoma, Intuitive Surgical, Johnson & Johnson, Medtronic, Panasonic, Renishaw, Siemens Healthineers, Smith+Nephew, Stryker, Zimmer Biotech
You Can Download Free Sample PDF Copy Of This Report At:
https://www.rootsanalysis.com/reports/medical-robotics-market/request-sample.html
Roots Analysis is a global leader in market research, competitive intelligence and consulting services. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.
Gaurav Chaudhary
Email: Gaurav.chaudhary@rootsanalysis.com or sales@rootsanalysis.com
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