Medical Robotics Market Size Anticipated to Reach USD 31.3 billion by 2035

Published: July 2024


Medical Robotics Market Growth is expected at a CAGR of 4.5% during the period 2026-2035
 

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

Medical Robotics Industry Overview

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

Market Drivers

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.

Market Restraints

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.

Growth Factors

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.

Medical Robotics Market Segments

Based on the type of Medical Robot, the Medical Robotics Market is segmented into Surgical Robots and Rehabilitation Robots

  • The surgical robots segment led the medical robotics market, capturing the largest revenue share.
  • The rehabilitation robots segment is anticipated to show an annual growth rate of 20.8%, during the forecast period.

Based on the type of Offering of Surgical Robot Developers, the Surgical Robotics Market is segmented into Instruments / Accessories, Surgical Robotics System and Services

  • The instruments / accessories segment led the surgical robotics market, capturing the largest revenue share of about 60%.
  • The surgical robot-related services segment is anticipated to show an annual growth rate of 10.4%, during the forecast period.

Based on the Deployment Model, the Surgical Robotics Market is segmented into On-Premise Models and Remote / Cloud Models

  • The on-premise models led the surgical robotics market, capturing the largest revenue share of over 90%.
  • The remote / cloud models segment is anticipated to show an annual growth rate of 10.4%, during the forecast period.

Based on the Type of Surgical Procedure Supported, the Surgical Robotics Market is segmented into General Surgery, Orthopedic Surgery, Abdominal and Pelvic Surgery, Urologic Surgery and Other Surgeries

  • The general surgery segment led the surgical robotics market, capturing the largest revenue share of about 35%.
  • The orthopedic surgery segment is anticipated to show an annual growth rate of 9.7%, during the forecast period.

Based on the Application Area, the Surgical Robotics Market is segmented into Therapies / Treatment and Diagnostics

  • The therapies / treatment segment led the surgical robotics market, capturing the largest revenue share of over 90%.
  • The diagnostics segment is anticipated to show an annual growth rate of 9.7%, during the forecast period.

Based on the End User, the Surgical Robotics Market is segmented into Hospitals, Surgery Centers and Diagnostic Labs

  • The hospitals segment led the surgical robotics market, capturing the largest revenue share of close to 75%.
  • The surgery centers segment is anticipated to show an annual growth rate of 9.8%, during the forecast period.

Based on the Regional Insights, the Surgical Robotics Market is segmented into North America, Europe, Asia Pacific, Middle East and North Africa, and Latin America

  • North America dominated the surgical robotics market and accounted for the largest revenue share (72.0%).
  • In Asia Pacific, the surgical robotics market is anticipated to demonstrate lucrative growth during the forecast period.

Based on the Body Part Covered, the Rehabilitation Robotics Market is segmented into Lower Body, Upper Body and Full Body Exoskeletons

  • The lower body exoskeletons segment led the rehabilitation robotics market, capturing the largest revenue share of over 55%.
  • The full body exoskeletons segment is anticipated to show an annual growth rate of 24.4%, during the forecast period.

Based on the Mode of Operation, the Rehabilitation Robotics Market is segmented into Powered and Hybrid Exoskeletons

  • The powered exoskeletons led the rehabilitation robotics market, capturing the largest revenue share of over 70.0%.
  • The powered exoskeletons segment is expected to show an annual growth rate of 21.5%, during the forecast period.

Based on the Form of Exoskeleton, the Rehabilitation Robotics Market is segmented into Rigid and Soft Exoskeletons

  • The rigid exoskeletons segment led the rehabilitation robotics market, capturing the largest revenue share of over 80.0%.
  • The soft exoskeletons segment is anticipated to show an annual growth rate of 21.7% during the forecast period.

Based on the Mobility, the Rehabilitation Robotics Market is segmented into Mobile and Fixed / Supported Exoskeletons

  • The mobility exoskeletons segment led the rehabilitation robotics market, capturing the largest revenue share of over 60%.
  • The mobility exoskeletons segment is anticipated to show an annual growth rate of 21.7%, during the forecast period.

Based on the End User, the Rehabilitation Robotics Market is segmented into Patients and Healthcare Professionals

  • The patients segment led the rehabilitation robotics market, capturing the largest revenue share of 95%.
  • The healthcare professionals’ segment is anticipated to show an annual growth rate of 24.1%, during the forecast period.

Based on the Regional Insights, the Rehabilitation Robotics Market is segmented into North America, Europe, Asia Pacific and Rest of the World

  • North America dominated the rehabilitation robotics market and accounted for the largest revenue share (38.0%).
  • In Asia Pacific, the rehabilitation robotics market is anticipated to demonstrate lucrative growth during the forecast period.

Key Companies Profiled

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

About Roots Analysis

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.

Contact Details

Gaurav Chaudhary
Email: Gaurav.chaudhary@rootsanalysis.com or sales@rootsanalysis.com

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