Medical Robots Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Instrument & Accessories, Robotic Systems, Services), By Deployment Mode (On-premises, Cloud-based), By Application Type (Laboratory Applications, Physical Rehabilitation, Sanitation & Disinfection, Delivering Medical Supplies and Equipment, Prescription Dispensing System, External Beam Radiation Therapy, Surgery Assistance, Others) and Region  

Medical Robots Market size was valued at US$ 9.24 billion in 2023 and is poised to grow at a significant CAGR of 15.52% from 2024-2030. The Medical Robots will enable surgeons to perform surgeries with high precision. Medical robotics is a new and emerging field of science. Different medical applications emerged such as laboratory robots, teleconsultation, telesurgery, rehabilitation robots, remote surgery, and surgical robots, to assist the deaf and the blind. Medical robots will be used in surgeries to reduce infection risk. Due to the usage of medical robots risks to patients are reduced and the accuracy of surgeons will be increased. Currently, robotic surgeries are performed for gynecological, urological, orthopedic, neurological, and gastrointestinal diseases. The scope and application of surgical robot usage are expected to increase over the years owing to their accuracy.

Many leading medical device manufacturers enter the medical robots market by acquiring small-scale surgical robotic system manufacturers. For instance, in 2013, Stryker Corporation acquired Mako Surgical Corp. and in 2016, Smith & Nephew acquired Blue Belt Technology that are popular surgical robotic system manufacturer for orthopedic surgeries. Rehabilitation robotics is yet another emerging concept in the medical robotics and computer-assisted surgery industry. The involvement of robotic technology in the treatment and rehabilitation of paralyzed and amputees has taken the healthcare sector to another level.

Several companies now focus on developing advanced robotic prosthetics, orthotics, and exoskeletons. An increase in demand for advanced treatment methods for various severe diseases and an increase in the prevalence of cardiac and neurological disorders and cancer provides robust market growth. Technological advancements and applications of these technologies in critical surgeries over the forecast period. Favorable government regulations boost healthcare assistive robots market growth. For instance, Technology-related Assistance for Individuals with Disabilities Act (1988) stimulated the development of assistive technology devices by providing funds to the states. Growing awareness coupled with an increase in efforts to promote robotic research will fuel the growth.

Key Developments:

• In April 2014, Intuitive Surgical, Inc. Surgical System received U.S. FDA510(k) clearance
• In January 2013, iRobot received 510(k) clearance from U.S.FDA for its RP-VITA, a robot with autonomous navigation remote first of its kind
• In March 2012, Houston Medical Robotics, Inc. received U.S. Food and Drug Administration 510(k) clearance for marketing the Euclid Tier 1 Mini Access System