What is the global market size of Medical Robots Market?

Medical Robots Market size was valued at USD 6.9 billion in 2021 and is poised to grow from USD 8.1 billion in 2022 to USD 34.32 billion by 2030, growing at a CAGR of 17.4% in the forecast period (2023-2030).

Who are the key vendors in the Global Medical Robots Market?

The global medical robots market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective. 'Intuitive Surgical, Inc.', 'Stryker Corporation', 'Accuray Incorporated', 'Mazor Robotics Ltd. (acquired by Medtronic plc)', 'Hansen Medical Inc. (acquired by Auris Health)', 'Medrobotics Corporation', 'Smith & Nephew plc', 'TransEnterix Surgical, Inc.', 'Renishaw plc', 'ZOLL Medical Corporation (a subsidiary of Asahi Kasei Corporation)', 'Medtronic plc', 'Hocoma AG (a subsidiary of DIH International Limited)', 'Verb Surgical Inc. (a joint venture between Verily Life Sciences LLC and Ethicon, Inc.)', 'Auris Health', 'CMR Surgical Ltd.', 'SRI International', 'Omnicell, Inc.', 'Ekso Bionics Holdings, Inc.', 'Blue Belt Technologies Ltd. (acquired by Smith & Nephew plc)', 'Titan Medical Inc.'.

What is the key driver of Global Medical Robots Market?

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.

What is the key market trend for Global Medical Robots Market?

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.

Which region accounted for the largest share in Global Medical Robots 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.

Top Medical Robots Companies

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.

Medical Robots Market Competitive Landscape

The global medical robots market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective.

Top Players in the Global Medical Robots Market

Intuitive Surgical, Inc.
Stryker Corporation
Accuray Incorporated
Mazor Robotics Ltd. (acquired by Medtronic plc)
Hansen Medical Inc. (acquired by Auris Health)
Medrobotics Corporation
Smith & Nephew plc
TransEnterix Surgical, Inc.
Renishaw plc
ZOLL Medical Corporation (a subsidiary of Asahi Kasei Corporation)
Medtronic plc
Hocoma AG (a subsidiary of DIH International Limited)
Verb Surgical Inc. (a joint venture between Verily Life Sciences LLC and Ethicon, Inc.)
Auris Health
CMR Surgical Ltd.
SRI International
Omnicell, Inc.
Ekso Bionics Holdings, Inc.
Blue Belt Technologies Ltd. (acquired by Smith & Nephew plc)
Titan Medical Inc.

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FAQs

Global Medical Robots Market size was valued at USD 12.52 Billion in 2024 and is poised to grow from USD 14.62 Billion in 2025 to USD 50.66 Billion by 2033, growing at a CAGR of 16.8% during the forecast period (2026–2033).

Medical robot providers should focus on enhancing the accuracy and efficacy of their offerings in the future. Integrating advanced AI and machine learning technologies can also help create new business scope for market players as per this global medical robots industry analysis. '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'

Medical robot capabilities are being improved drastically by increasing investments in R&D of novel technologies such as robotics, artificial intelligence (AI), machine learning, and computer vision. Integration of real-time data analytics, haptic feedback, and enhanced navigation improves surgical outcomes and operational efficiency. Moreover, innovations such as soft robotics, 5G-enabled remote surgery, and wearable exoskeletons are expanding the application of robots beyond operating rooms to rehabilitation and elderly care.

Expansion of Robot-Assisted Surgery Beyond Major Specialties: Medical robot manufacturers are expected to focus on expanding application ot robotics surgeries beyond traditional areas. Fields such as orthopedics, cardiology, ENT, and general surgery are expected to witness a rise in adoption of medical robots. New-generation surgical robots offer better articulation, haptic feedback, and AI-based guidance, making them suitable for more complex, delicate procedures. Advancements in robotics technologies are slated to make this an indispensable medical robots industry trend for the future.

Why is North America Seen as a Safe Haven for Medical Robots Developers?

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Top Medical Robots Companies

Medical Robots Market Competitive Landscape

FAQs

What is the global market size of Medical Robots Market?

Who are the key vendors in the Medical Robots Market?

What is the key driver of Medical Robots Market?

What is the key market trend for Medical Robots Market?

Which region accounted for the largest share in Medical Robots Market?

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