Medical Robots Market to Reach $33.8 Billion by 2029 Driven by Advancements in Robotic-Assisted Surgery

According to MarketsandMarkets, The report “Medical Robots Market by Product & Service (Instruments & Accessories, Robotic Systems), Type (Surgical (Soft: General, Gynecological, Urological; Hard: Knee & Hip, Spine), Rehab, Radiosurgery, Hospital & Pharmacy), End User – Global Forecasts to 2029″, is projected to reach USD 33.8 billion by 2029 from USD 16.0 billion in 2024, at a CAGR 16.1%.

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• 604 Market Data Tables
• 63 Figures
• 497 Pages and in-depth TOC on “ Medical Robots Market – Global Forecast to 2029”.

Some of the prominent key players are:

• Surgical, Inc. (US),
• Stryker Corporation (US),
• Medtronic Plc (US),
• Smith & Nephew Plc (UK),
• Zimmer Biomet Holdings, Inc. (US),
• Asensus Surgical, Inc.(US), and many more…

Mergers & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Medical Robots Market.

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• Based on type, the medical robots market is segmented into surgical robotic system, rehabilitation robotic systems, radiosurgery robotic systems, and hospital & pharmacy robotic systems. The surgical robotic systems have been further segmented into surgical robotic systems by application – soft tissue surgical robotic system (general surgery, gynecological surgery, urological surgery, and other applications) and hard tissue surgical robotic system (knee & hip surgery and spine surgery).
• Based on products & services, the medical robots market is segmented into robotic systems, instruments & accessories, and services. Among these, instruments and accessories segment accounted for the largest share of the medical robots market in 2023. The recurrent purchase of instruments & accessories to be used with the robotic systems instead of robotic systems leads to the higher adoption of this segment.
• Based on end user, the medical robots market is segmented into hospitals & clinics, ambulatory surgery centers, pharmacies, rehabilitation centers, and other end users. The ambulatory surgery centers segment is expected to be the fastest growing segment of the market.
• Based on Regions, the medical robots market is segmented into five major regional segments, namely, North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In 2023, North America accounted for the largest share of the medical robots market. As this region is home to a significant number of medical robots manufacturers.

The growth in the medical robots market is driven by the aging population and rising chronic diseases, improving reimbursement scenario, and subsequent advancements in healthcare funding & infrastructure. The adoption of medical robots is also expected to increase with the increasing need for automation in healthcare. However, the high cost of robotic systems may pose a challenge to the Medical robots market during the forecast period.

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Surgical Robots Market– Global Forecast to 2030

Surgical Imaging Market– Global Forecast to 2030

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