
Report ID: SQMIG45I2048
Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Medical Robots Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Medical Robots industry players.
The global market for medical robots consists of a tight competition structure as many companies are interested in introducing innovations in their products and extend their reach in the market share. These are companies, such as Intuitive Surgical, Medtronic, Stryker, Zimmer Biomet, and Johnson & Johnson, which dominate the market. Such players have invested correctly in advanced robotic systems, artificial intelligence, and minimally invasive technologies as avenues to improve surgical outcomes and patient results. Acquisitions and cooperation arrangements also play a major role for such companies in expanding their technology and global range as the market tends to evolve quickly.
Top Players in the Global Medical Robots Market
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Medical Robots Market size was valued at USD 8.1 Billion in 2023 and is poised to grow from USD 9.51 Billion in 2024 to USD 40.27 Billion by 2032, growing at a CAGR of 17.4% during the forecast period (2025-2032).
Key vendors in Medical Robots Market are: 'Intuitive Surgical, Inc. ', 'Stryker ', 'Becton, Dickinson and Company ', 'Medtronic ', 'Omnicell, Inc. ', 'Zimmer Biomet ', 'Ekso Bionics Holdings, Inc. ', 'Arxium ', 'Asensus Surgical, Inc. ', 'Renishaw PLC ', 'Bionik Laboratories Corp. ', 'Zap Surgical Systems, Inc. ', 'Media Group (Kuka AG) ', 'CMR Surgical ', 'Accuracy Incorporated ', 'DIH Medical ', 'Johnson & Johnson ', 'Cyberdyne Inc. ', 'Smith and Nephew PLC (Blue Belt Technologies) ', 'Avateramedical GmbH '.
Benefits of robotic-assisted surgery and robotic-assisted rehabilitation therapy. The demand for minimally invasive surgeries (MIS) is increasing globally, owing to the benefits associated with these procedures, such as smaller incisions, fewer cuts, decreased scarring, reduced pain, increased safety, shorter recovery periods, and significant cost savings. Robotic minimally invasive surgery enhances these benefits by ensuring greater accuracy and repeatability, as well as greater control and efficiency. According to a 2018 article on a gynaecological study of laparoscopy hysterectomy, the straight-stick laparoscopy to open surgery conversion rate was 25%. Procedures using a robotic platform, on the other hand, had a conversion rate of less than 5%, resulting in less morbidity and blood loss.
The global medical robots market is being driven by a rapid shift toward laparoscopic surgical procedures. Owing to various clinical benefits of the latter, there is a rapid shift away from traditional open surgical procedures and toward minimally invasive surgical procedures around the world. These advantages include fewer post-surgical complications, shorter hospital stays, and lower procedure costs. Higher efficiency of surgical robots in performing laparoscopic surgical procedures, as well as the introduction of new and advanced procedure-specific robots in the global market, were some of the major factors driving medical robotic system demand and surgical robot adoption in the global market.
Based on region global medical robots market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. Higher Adoption of advanced surgical and rehabilitation robots is responsible for North America's dominant share of the global market.
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Report ID: SQMIG45I2048
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