Segments - Robotics in Healthcare Market by Robot Type (Surgical Robots, Delivery Robots, Rehabilitation Robots, Exo-robots, Disinfection Robots, Robotic Nurse Assistance, Medical Telepresence Robots, Delivery Robots, Dispensing Robots, Noninvasive Radiosurgery Robots, Pharmacy Robots, and Others), Application (Laparoscopy, Cardiology, Pharmacy Applications, Orthopedic Surgery, External Beam Radiation Therapy, Physical Rehabilitation, Neurosurgery, and Others), End-user (Hospitals, Clinics, Rehabilitation centers, Ambulatory Surgery, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global robotics in healthcare market size was around USD 10.7 Bn in 2022 and is likely to reach USD 54.4 Bn by 2031, expanding at a CAGR of 19.36% during 2023–2031. The market growth is attributed to the increasing technological advancements at a rapid pace and the rising government funding in the healthcare sector.
Robotics deals with the engineering and technology that involves the design, conception, manufacture, and operation of robots. The main objective of robotics is to create intelligent machines, which can assist human beings in a variety of ways to ease their work.
Healthcare robots are designed to guide or replace humans involvement in various tasks related to surgical procedures, patient care, and other medical processes. These robots are used to transport supplies and linens in hospitals, where there is a risk of exposure to pathogens.
Robotics in healthcare makes processes fast, safe, and smart, which is beneficial for caretakers and patients, as they alleviate stress and staffing shortages and offers companionship, mobility, and personalized care. It allows healthcare operators to manage work effectively, take care of patients beyond clinics, and optimize nursing activities.
The market report finds that the COVID-19 pandemic moderately impacted on the robotics in healthcare market. The pandemic created potential opportunities for the key players, due to the rise in the demand for automatic medical devices from nursing homes, clinics, and hospitals. However, the growth of the market decreased due to the sudden disruption in the supply chain of the electronics and semiconductors industry. Preventive measures imposed by the government, such as emergency lockdowns and travel restrictions disrupted import and export activities and forced to shut down on manufacturing units across industries, thus hampering the market.
Growing requirements for high-quality patient care and streamlined clinical workflows are the major factors driving the growth of the market during the forecast period. Healthcare robotics supports frequent monitoring of patients with chronic diseases and minimally invasive procedures. It alleviates workloads and nursing activities, which promotes long-term well-being. Rising demand for automation from hospitals is likely to accelerate the market.
Increasing demand for surgical robots among consumers is another major factor driving the market growth. Surgeons perform gentle and complex surgery, which may be difficult sometimes. However, robots allow surgeons to even reach hard-to-access areas as it offers a superior view of operating area using HD cameras, which boosts the demand for surgical robots.
Robotic surgery is costly and not everyone can avail of it. Robotic systems are equipped with multiple sensors and controllers, which require regular maintenance. Thus, high maintenance costs increase the overall surgery cost, which may reduce the demand for robotic surgery.
Rising investments in research and development and the emergence of medical artificial intelligence offers lucrative growth opportunities for the market. AI emerged as advantageous to the healthcare sector, as it helps to cope with several health-related issues. The rapid expansion of the healthcare sector highly demands for advanced medical devices to streamline workflow. Thus, market players are focusing on developing advanced solutions to reduce operating costs. Furthermore, the rapid expansion of technologies in the field of surgery is anticipated to fuel the market.
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Robotics in Healthcare Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Robot Type (Surgical Robots, Delivery Robots, Rehabilitation Robots, Exo-robots, Disinfection Robots, Robotic Nurse Assistance, Medical Telepresence Robots, Delivery Robots, Dispensing Robots, Noninvasive Radiosurgery Robots, Pharmacy Robots, and Others), Application (Laparoscopy, Cardiology, Pharmacy Applications, Orthopedic Surgery, External Beam Radiation Therapy, Physical Rehabilitation, Neurosurgery, and Others), End-user (Hospitals, Clinics, Rehabilitation centers, Ambulatory Surgery, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
Medtronic; Siemens Healthcare GmbH; Accuray Incorporated; Omnicell; Abbott; Agilent Technologies, Inc; BD Rowa; Hocoma; Carefusion; F. Hoffmann-La Roche Ltd; Stryker Corporation; Aurora Biomed; Hansen Medical; IRobot Corporation; Kirby Lester; Mazor Robotics; Renishaw; Baxter International; Intuitive Surgical; Biotek Instruments; Aesynt; Titan Medical; and ReWalk Robotics |
Based on robot type, the robotics in healthcare market is segmented into surgical robots, delivery robots, rehabilitation robots, exo-robots, disinfection robots, robotic nurse assistance, medical telepresence robots, delivery robots, dispensing robots, noninvasive radiosurgery robots, pharmacy robots, and others. The disinfection robots segment held around 18.9% market share in 2021 and is expected to expand at a considerable CAGR, due to the increasing adoption of technologically advanced disinfection systems in healthcare institutions. The segment growth is further attributed to the increasing demand for reducing pathogen exposure.
The surgical robots segment is estimated to grow at a significant growth rate during the projection period, due to the rising need for minimally invasive surgeries. These robots allow surgeons to perform more complicated operations precisely as they perform with AI and computer vision technology. Furthermore, it reduces the risk of infection and pain, owing to smaller incisions.
On the basis of application, the market is divided into laparoscopy, cardiology, pharmacy applications, orthopedic surgery, external beam radiation therapy, physical rehabilitation, neurosurgery, and others. The laparoscopy segment is projected to register a robust growth rate during the projected period, owing to the rising surgical laparoscopic procedures and the growing adoption of surgical robots. Laparoscopic procedures are minimally invasive surgeries, which are performed through the camera. It improves the accuracy and efficiency of the surgery.
The orthopedic surgery segment is estimated to grow at a rapid pace during the projection period, due to the increasing prevalence of orthopedic injuries and musculoskeletal illness among the geriatric population. Robotic-assisted orthopedic surgery offers a better balance in the soft tissues and better aligns the joint.
Based on end-user, the market is segregated into hospitals, clinics, rehabilitation centers, ambulatory surgery, and others. The hospital segment held a large share of the market in 2021 and is anticipated to generate a major revenue share in the coming years. This growth is attributed to the rising adoption of medical robots to streamline workflow and the growing number of robotic surgery procedures conducted in hospitals.
In terms of region, the global robotics in healthcare market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period, due to the wide presence of leading market players in the region. The presence of well-established healthcare infrastructure and the rising investment in R&D for the establishment of advanced medical technologies are likely to propel the market.
The market in Asia Pacific is expected to grow quickly during the assessment period, due to the rapid expansion of hospitals and clinics in developing countries. This growth is further attributed to the rising government funding towards improving healthcare infrastructure and the growing number of surgical procedures.
The global robotics in healthcare market has been segmented on the basis of
Key players competing in the global robotics in healthcare market are Medtronic; Siemens Healthcare GmbH; Accuray Incorporated; Omnicell; Abbott; Agilent Technologies, Inc; BD Rowa; Hocoma; Carefusion; F. Hoffmann-La Roche Ltd; Stryker Corporation; Aurora Biomed; Hansen Medical; IRobot Corporation; Kirby Lester; Mazor Robotics; Renishaw; Baxter International; Intuitive Surgical; Biotek Instruments; Aesynt; Titan Medical; and ReWalk Robotics.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,