Medical Robots Market: Global Market Size, Dynamics, Regional Share, Growth, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Medical Robots Market : By Product Type (Instruments and Accessories, Robotic Systems(Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots, Hospital Automation Robots, Pharmacy Automation Robots, IV Robots)), By Application Area (Neurology, Orthopaedic, Cardiology, Laparoscopic, Pharmacy,Others) ,By Enabling Technologies (Gesture Control, Machine Vision, Speech/Voice Recognition, Tactile Sensors), By End-User (Hospitals, Rehabilitation Centres, Diagnostic Centres, Radiological Centres, Research Labs), and Geography 

 

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Report

Description

The medical robots market size valued USD 8.24 billion in 2020 and expected to reach USD 22.87 billion by 2027, at a CAGR of 14.52% during the forecast period 2021-2027. Medical Robots will enable the surgeons to perform surgeries with high precision. Medical robotics is a new and an emerging field of science. There are different medical applications that emerged such as laboratory robots, teleconsultation, telesurgery, rehabilitation robots, remote surgery, surgical robots, to assist deaf and the blind. Medical robots will be used in surgeries to reduce infection risk. Due to the usage of medical robots risks of patients is reduced and 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 robots usage is expected to increase over the years owing to their accuracy. Many leading medical device manufacturers enter into the medical robots market by acquiring small-scale surgical robotic system manufacturers. For instance, in 2013, Stryker Corporation has acquired Mako Surgical Corp. and in 2016, Smith & Nephew has acquired Blue Belt Technology that are popular surgical robotic system manufacturers for orthopedic surgeries. Rehabilitation robotics is yet another emerging concept in medical robotics and computer-assisted surgery industry. The involvement of robotic technology in the treatment and rehabilitation of paralyzed and amputees taken the healthcare sector to another level. Several companies now focus on developing advanced robotic prosthetics, orthotics, and exoskeleton. Increase in demand for advanced treatment methods for various severe diseases, increase in prevalence of cardiac and neurological disorders and cancer provides robust market growth. Technological advancements and applications of these technologies in critical surgeries propels medical robots market over the forecast period. Favourable 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 increase in efforts to promote robotic research will fuel growth of the medical robots market.

Medical Robots Market

MARKET SUMMARY
-
14.52% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 14.52%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Medical Robots Market

  • The report on global medical robots market gives historical, current and future market sizes (US$ Mn) based on product type, application,  enabling technologies, end user and region.
  • medical robots market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Stryker Corporation
  • Vecna Robotics
  • Varian Medical Systems
  • Intuitive Surgical, Inc.
  • Kirbey lester
  • Hocoma AG
Medical Robots Market

Drivers And Restraints

Medical robots market driven by mainly their acceptance in diversified fields such as an interventional cardiology, neurology, and orthopaedic surgery, among others provides gainful opportunities for the manufacturers in the market. Physicians were assisted by the medical robots to attain precise results in the complex surgeries. Rise in innovative technologies in medical field drive the growth of medical robots market. Need of technical professionals to perform surgeries and being more expensive are the major constraints in the medical robots market.


North-America got significant share

Medical Robots Market

Based on geographical regions medical robots market is segmented as 5 regions: Latin America, The Middle East and Africa, North America, Asia-Pacific and Europe. North America dominates the market over the forecast period owing to increase in awareness in the physicians towards use of innovative technologies creates lucrative opportunities for medical robots manufacturers. Asia-Pacific region is expected to grow with high CAGR due to evolving healthcare infrastructure in the region driving the medical robots market. In Japan, favourable government initiatives such as “robot revolution realization council” provides regulatory reform and support to develop highest level of artificial intelligence technologies in healthcare are expected to contribute growth for the market in Asia-Pacific region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In April 2014, Intuitive Surgical, Inc. its da Vinci Sp Surgical System received U.S. FDA510(k) clearance
  • In January 2013, iRobot received 510(k) clearance from U.S.FDA for its RP-VITA, robot with an 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

Key

Report Outline

Medical Robots Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

Global Medical Robots Market Table of Content

  1. Executive summary
  2. Global Medical Robots Market Introduction
    • Global Medical Robots Market– Taxonomy
    • Global Medical Robots Market–Definitions
      • Product Type
      • Application
  1. Global Medical Robots Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Medical Robots Market Dynamics – Factors Impact Analysis
    • Global Medical Robots Market– Recent Market Introductions
  2. Global Medical Robots Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Oppurtunity Analysis
  3. Global Medical Robots Market Forecast, By Product Type, 2013 – 2017 and Forecast, 2018 – 2024
    • Instruments and Accessories
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Surgical Robots
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rehabilitation Robots
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Non-invasive Radiosurgery Robots
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hospital Automation Robots
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmacy Automation Robots
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • IV Robots
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Robots Market Forecast, By Application, 2013 – 2017 and Forecast, 2018 – 2024
    • Neurology
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Orthopaedic
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cardiology
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Laparoscopic
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmacy
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Robots Market Forecast, By Enabling Technologies, 2013 – 2017 and Forecast, 2018 – 2024
    • Gesture Control
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Machine Vision
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Speech/Voice Recognition
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Tactile Sensors
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Robots Market Forecast, By End User, 2013 – 2017 and Forecast, 2018 – 2024
    • Hospitals
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rehabilitation Centers
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Diagnostic Centers
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Radiological Centers
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Research Labs
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Robots Market Forecast, By Region, 2013 – 2017 and Forecast, 2018 – 2024
    • North America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Medical Robots Market- Opportunity Analysis Index – By Product Type, By Application, By Enabling Technologies, By End User, and Region, 2018 – 2024
  2. North America Medical Robots Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Instruments and Accessories
      • Medical Robotic Systems Market
        • Surgical Robots
        • Rehabilitation Robots
        • Non-invasive Radiosurgery Robots
        • Hospital Automation Robots
        • Pharmacy Automation Robots
        • IV Robots
      • Application Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Neurology
        • Orthopaedic
        • Cardiology
        • Laparoscopic
        • Pharmacy
        • Others
      • Enabling Technologies Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Gesture Control
        • Machine Vision
        • Speech/Voice Recognition
        • Tactile Sensors
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospitals
        • Rehabilitation Centers
        • Diagnostic centers
        • Radiology Centers
        • Research Labs
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • US
        • Canada
      • North America Medical Robots Market- Opportunity Analysis Index – By Product Type, By Application, By Enabling Technologies, By End User, and Country, 2018 – 2024
      • North America Medical Robots Market Dynamics – Trends
  1. Europe Medical Robots Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Instruments and Accessories
      • Medical Robotic Systems Market
        • Surgical Robots
        • Rehabilitation Robots
        • Non-invasive Radiosurgery Robots
        • Hospital Automation Robots
        • Pharmacy Automation Robots
        • IV Robots
      • Application Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Neurology
        • Orthopaedic
        • Cardiology
        • Laparoscopic
        • Pharmacy
        • Others
      • Enabling Technologies Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Gesture Control
        • Machine Vision
        • Speech/Voice Recognition
        • Tactile Sensors
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospitals
        • Rehabilitation Centers
        • Diagnostic centers
        • Radiology Centers
        • Research Labs
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Medical Robots Market- Opportunity Analysis Index – By Product Type, By Application, By Enabling Technologies, By End User, and Country, 2018 – 2024
      • Europe Medical Robots Market Dynamics – Trends
  1. Asia-Pacific Medical Robots Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Instruments and Accessories
      • Medical Robotic Systems Market
        • Surgical Robots
        • Rehabilitation Robots
        • Non-invasive Radiosurgery Robots
        • Hospital Automation Robots
        • Pharmacy Automation Robots
        • IV Robots
      • Application Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Neurology
        • Orthopaedic
        • Cardiology
        • Laparoscopic
        • Pharmacy
        • Others
      • Enabling Technologies Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Gesture Control
        • Machine Vision
        • Speech/Voice Recognition
        • Tactile Sensors
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospitals
        • Rehabilitation Centers
        • Diagnostic centers
        • Radiology Centers
        • Research Labs
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn),
  1. Y-o-Y Growth (%), and Market Share (%)
    • Japan
    • China
    • India
    • ASEAN
    • Australia & New Zealand
    • Rest of Asia-Pacific
  • Asia-Pacific Medical Robots Market- Opportunity Analysis Index – By Product Type, By Application, By Enabling Technologies, By End User, and Country, 2018 – 2024
  • Asia-Pacific Medical Robots Market Dynamics – Trends
  1. Latin America Medical Robots Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Instruments and Accessories
      • Medical Robotic Systems Market
        • Surgical Robots
        • Rehabilitation Robots
        • Non-invasive Radiosurgery Robots
        • Hospital Automation Robots
        • Pharmacy Automation Robots
        • IV Robots
      • Application Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Neurology
        • Orthopaedic
        • Cardiology
        • Laparoscopic
        • Pharmacy
        • Others
      • Enabling Technologies Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Gesture Control
        • Machine Vision
        • Speech/Voice Recognition
        • Tactile Sensors
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospitals
        • Rehabilitation Centers
        • Diagnostic centers
        • Radiology Centers
        • Research Labs
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Venezuela
        • Rest of Latin America
      • Latin America Medical Robots Market- Opportunity Analysis Index – By Product Type, By Application, By Enabling Technologies, By End User, and Country, 2018 – 2024
      • Latin America Medical Robots Market Dynamics – Trends
  1. Middle East & Africa Medical Robots Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Product Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Instruments and Accessories
      • Robotic Systems
        • Surgical Robots
        • Rehabilitation Robots
        • Non-invasive Radiosurgery Robots
        • Hospital Automation Robots
        • Pharmacy Automation Robots
        • IV Robots
      • Application Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Neurology
        • Orthopaedic
        • Cardiology
        • Laparoscopic
        • Pharmacy
        • Others
      • Enabling Technologies Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Gesture Control
        • Machine Vision
        • Speech/Voice Recognition
        • Tactile Sensors
      • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Hospitals
        • Rehabilitation Centers
        • Diagnostic centers
        • Radiology Centers
        • Research Labs
      • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Medical Robots Market- Opportunity Analysis Index – By Product Type, By Application, By Enabling Technologies, By End User, and Country, 2018 – 2024
      • MEA Medical Robots Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Drug & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Stryker Corporation (U.S.)
      • Vecna Robotics (U.S.)
      • Varian Medical Systems (U.S.)
      • Intuitive Surgical, Inc. (U.S.)
      • Kirbey lester (U.S.)
      • Hocoma AG (Switzerland)
      • Houston Medical Robotics, Inc. (U.S.)
      • Kinova Robotics (Canada)
      • IRobot Corporation (U.S.)
      • Otto Bock Healthcare (Germany)
  2. Research Methodology
  3. Key Assumptions and Acronyms

Report

Company Profile

  • Stryker Corporation (U.S.)
  • Vecna Robotics (U.S.)
  • Varian Medical Systems (U.S.)
  • Intuitive Surgical, Inc. (U.S.)
  • Kirbey lester (U.S.)
  • Hocoma AG (Switzerland)
  • Houston Medical Robotics, Inc. (U.S.)
  • Kinova Robotics (Canada)
  • IRobot Corporation (U.S.)
  • Otto Bock Healthcare (Germany)

Description

The medical robots market size valued USD 8.24 billion in 2020 and expected to reach USD 22.87 billion by 2027, at a CAGR of 14.52% during the forecast period 2021-2027. Medical Robots will enable the surgeons to perform surgeries with high precision. Medical robotics is a new and an emerging field of science. There are different medical applications that emerged such as laboratory robots, teleconsultation, telesurgery, rehabilitation robots, remote surgery, surgical robots, to assist deaf and the blind. Medical robots will be used in surgeries to reduce infection risk. Due to the usage of medical robots risks of patients is reduced and 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 robots usage is expected to increase over the years owing to their accuracy. Many leading medical device manufacturers enter into the medical robots market by acquiring small-scale surgical robotic system manufacturers. For instance, in 2013, Stryker Corporation has acquired Mako Surgical Corp. and in 2016, Smith & Nephew has acquired Blue Belt Technology that are popular surgical robotic system manufacturers for orthopedic surgeries. Rehabilitation robotics is yet another emerging concept in medical robotics and computer-assisted surgery industry. The involvement of robotic technology in the treatment and rehabilitation of paralyzed and amputees taken the healthcare sector to another level. Several companies now focus on developing advanced robotic prosthetics, orthotics, and exoskeleton. Increase in demand for advanced treatment methods for various severe diseases, increase in prevalence of cardiac and neurological disorders and cancer provides robust market growth. Technological advancements and applications of these technologies in critical surgeries propels medical robots market over the forecast period. Favourable 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 increase in efforts to promote robotic research will fuel growth of the medical robots market.

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