Medical Robots Market to witness major growth in coming years

The medical robots market is projected to reach USD 16.74 billion by 2023 from an estimated USD 6.46 billion in 2018, at a CAGR of 21.0%. The report “Medical Robots Market by Product (Instruments & Accessories, Medical Robotic Systems (Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots)), Application (Laparoscopy, Pharmaceutical Applications), and Region - Global Forecasts to 2023".


Growth in this market can primarily be attributed to factors such as the advantages offered by robot-assisted training in rehabilitation therapy, increase in funding for medical robot research, technological advancements in medical robots, and the issuance of IPOs by medical robot companies.

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The major market players in the medical robots market include Intuitive Surgical (US), Stryker Corporation (US), and Mazor Robotics (Israel). Other players in the medical robots market include Hocoma (Switzerland), Hansen Medical (US), Accuray (US), Omnicell (US), Arxium (Canada), and Ekso Bionics Holdings (US).

Scope of the Report:

The research report categorizes the medical robots market into the following segments and subsegments:

Medical Robots Market, By Product

  • Instruments & Accessories
  • Robotic Systems
  • Surgical Robotic Systems
    Rehabilitation Robotic Systems
    Noninvasive Radiosurgery Robotic Systems
    Hospital and Pharmacy Robotic Systems
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Medical Robots Market, By Application

  • Laparoscopy
  • Orthopedic Surgeries
  • Pharmacy Applications

Medical Robots Market, By Region

  • North America
  • Europe
  • APAC
  • Rest of the World

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Objectives of the Study:

  • To define, describe, and forecast the medical robots market on the basis of product, application, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To forecast the size of market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To analyze the market structure, profile key players of the market, and comprehensively analyze their core competencies
  • To track and analyze competitive developments such as new product launches; partnerships, agreements, and collaborations; expansions; and acquisitions in the medical robots market
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