Medical Robots Market Size, Share & Growth, Forecast | 2031

Report Description

Medical Robots Market Outlook-2031

The global medical robots market size was valued at USD 21 Billion in 2022 and is likely to reach USD 81.75 Billion by 2031, expanding at a CAGR of 18.2 % during 2023 – 2031. The market's growth is attributed to the increasing adoption of surgical robots.

Rising adoption of surgical robots by hospitals is expected to boost the demand for medical robots. Hospitals are adopting robots for minimally invasive surgery, as they allow doctors to perform several complex procedures with more flexibility, precision, and controlthan conventional techniques, encouraging hospitals, and doctors to adopt medical robots for surgery. For instance,

• As per a report, total units of surgical robots worldwide are estimated to reach 2100 by 2025 as compared to 713 between 2016 and 2017.

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Medical robots are robotic machines utilized in health sciences. They primarily assist,as they considered to be an extended arm or helping hand. Medical robots consist of a variety of technical machines and apparatuses employed in the medical field to perform routine work. They include surgical robots, telepresence robots, rehabilitation robots, and pharmacy robots. These robots are utilized for laparoscopy, orthopedic surgery, pharmacy applications, physical rehabilitation, and others.

The COVID-19 pandemic propelled the demand for medical robots. Robots showed tremendous potential in fighting against the pandemic by accomplishing routine tasks such as diagnosis, screening, and mask-wearing checking while promoting social distancing. Hospitals and governments across the world increasingly adopted medical robots to reduce the risk of contamination of health professionals in COVID-19 treatment centers by minimizing contact time with confirmed cases. For instance,

• According to the World Health Organization (WHO), Kanyinya COVID-19 treatment center located in Kigali, Rwanda deployed five robots on May 19, 2020, to screen 50 to 150 people per minute and report abnormalities to officers on duty.

Impact of Artificial Intelligence (AI) on Medical Robots

The integration of medical robots with artificial intelligence is projected to create a lucrative demand for medical robots. AI-powered medical robots perform surgical procedures and diagnostics and provide symbiotic smart prosthetics to replace limbs. AI-enabled medical robots include haptics, navigation,precise manipulation, computer vision, medical image analysis, and machine learning, which allows medical robots to carry outsurgical subtasks, remote surgery, diagnostic imaging, or even entire surgical procedures. AI-powered medical robots take a more comprehensive approach to coordinate care plans, disease management, and help patients to better manage.

Medical Robots Market Dynamics

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Major Drivers

Growing need for efficient treatment is projected to fuel the market. Robots are programmed to perform various critical functions, such as reviewing patients' living conditions, interacting with patients, operating in emergencies, disinfecting hospital rooms, and conducting data mining to increase a pharmacy's efficiency. Robots work at a constant speed with nodays off, holiday time, or breaks, ensuring efficient patient treatment.

Rising preference for tele consulting or online consulting in healthcare is anticipated to propel the demand for medical robots. Telepresence robots are equipped with cameras, microphones, and other advanced features that enable healthcare professionals to remotely communicate with patients for the treatment of diseases such as respiratory illnesses, pain, earaches, nausea, congestion, fever, allergies, and minor cuts and burns. Thus, rising adoption of teleconsulting is estimated to propel the market. For instance,

• As per a report, revenue from online doctor consultations is likely to reach USD 35.41 billion by 2027 and is expected to expand at a CAGR of 8.76%.

Existing Restraints

Growing awareness about the risk of equipment failure associated with medical robots is anticipated to hamper the market. Medical robot equipment failures include robotic towers, robotic arms, cameras, robotic towers, and binocular lenses, which encourages healthcare professionals and hospitals to lessen their use. Moreover, high cost of medical robots is impeding the market.

Emerging Opportunities

Rising geriatric population around the world creates lucrative opportunities in the market. Robots assist elderly people with mobility and exercise while monitoring their physical activity and detecting falls, which increases their comfort. It manages their medications and gets appointments with doctors.  Moreover, increasing investments in R & D activities by key market players to develop and introduce products and technology in medical robots creates immense opportunities in the market. For instance,

• On April 4, 2023, Perlove Medical launched a new orthopedic surgery robot. The robot was introduced to ignite a new wave of clinical application in the orthopedic surgery robot industry.

Scope of Medical Robot Market Report

The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Product Segment Analysis

Based on product, the medical robot market is categorized as surgical robots, telepresence robots, rehabilitation robots, pharmacy robots, hospital robots, and medical transportation robots. The surgical robot held a major market share in 2022 due to therising need for minimally invasive surgeries. Robotic systems allow minimally invasive surgeries by offering control and precision during surgical procedures. The robotic arms allow better access to hard-to-reach areas and offer precise surgery, as they move in ways that are not possible for human hands. It offers surgeons enhanced visualization of the surgical site. Moreover, increasing adoption of surgical robots for gastrectomy, hernia repair, cholecystectomy, transoral surgery, bariatric surgery, heller myotomy,and pancreatectomy are propelling the need for surgical robots. Therefore, companies are developing new surgical robots at affordable prices to boost the demand for surgical robots.For instance,

• On January 19, 2021, SS Innovation launched SSI mantra first made-in-India surgical robot. The SSI MANTRA system opens up a whole range of medical and robotic technologies to the people in India.

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The rehabilitation robots are estimated to witness a high CAGR during the projected period owing to their ability to train lost body functions caused by traumatic or neurological events. Rehabilitation robots are used for disabled patients in their healing process such as standing up, balancing, and gait. Rehabilitation robots are widely adopted by therapists as it reduces the burden on the rapists by assisting patients in improving their range of motion and flexibility.

Application Segment Analysis

In terms of application, the global market is segregated into laparoscopy, orthopedic surgery, pharmacy applications, physical rehabilitation, external beam radiation therapy, neurosurgery, and others. The laparoscopy accounted for a major market share in 2022 due to increasing incidences of gastrointestinal disorders and gynecological conditions. Medical robots are widely adopted for laparoscopy surgeries, as they include 3D imaging, tremor filters, and articulated instruments to offer efficient surgery. Medical robots minimize the short comings of traditional laparoscopy such as restricted range of motion of the instruments, 2D imaging,and poor ergonomic positioning of the surgeon. This propelled the demand for medical robots in laparoscopy.

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The neurosurgery is anticipated to grow at a considerable pace during the assessment period owing to the growing incidence of neurological disorders such as epilepsy and dementia.Medical robots are increasingly used in neurosurgical procedures,as they provide high precision and accuracy in performing intricate procedures such asdeep brain stimulation, and brain tumor removal.Moreover, increasing incidence of Parkinson's disease is expected to boost the demand for neurosurgery, significantly for medical robots, as these robots use an advanced surgical tool to perform minimally invasive procedures in the brain. For instance,

• According to a report published by the World Health Organization (WHO) on August 9, 2023, the prevalence of Parkinson's disease doubled in the past 25 years, which is an increase of 81% since 2000.

End-user Segment Analysis

Based on end-users, the medical robot market is divided into hospitals, ambulatory surgery centers, and rehabilitation centers. The hospital segment dominated the market in 2022 due to efficient treatment and workflow automation. Medical robots are accelerating physicians, nurses, and other workers to spend more time with patients by automating manual tasks. Moreover, robots perform less invasive surgeries in hospitals, which reduces blood loss and transfusions, and improves patient recovery time, resulting in increased adoption of robots in hospitals.

The ambulatory surgery centers segment is anticipated to grow at a robust pace in the coming years owing to better patient outcomes. Ambulatory surgical centers focus on patient care and work on quality of care, improving processes, and technology to offer quality treatment to patients. Robots are widely used in ambulatory surgery centers to perform several surgeries such as hernia, gall bladder, and foregut procedures, which significantly increases the demand for medical robots.

Regional Outlook

In terms of region, the medical market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a large market share in 2022 and is projected to expand at a significant CAGR during the assessment period owing to advanced healthcare infrastructure and high healthcare expenditure. Moreover, increasing prevalence of minimally invasive surgery (MIS) in the region is estimated to create a high demand for medical robots, as these robots are used to perform MIS.For instance,

• According to a report published by the National Institute of Library on September 14, 2022,9.6 million inpatient operating room procedures were analyzed in 2018 in the US, of which 11.2% were MIS and 2.9% were robotic-assisted MIS.

The market in Asia Pacific is anticipated to expand at a considerable CAGR during the projected period owing to growing medical tourism and increasing elderly population. Moreover, companies and hospitals in the region are investing in research and development activities and innovating new products and technologies in medical robots to offer the best level of precision and control in several surgeries, which is expected to encourage its adoption in the region. For instance,

• On March 8, 2023, CritiCare Asia Hospitals launched an advanced robot.This highly advanced technology robot utilizes computer-assisted technologies, AI, and robotics to assist surgeons in total knee replacement surgery procedures.

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