Medical Robotic Systems Market To Reach $76.45 Billion By 2030

[sara James]

The global Medical Robotic Systems Market size is anticipated to reach USD 76.45 billion by 2030 and is projected to grow at a CAGR of 16.55% from 2024 to 2030, according to a new report by Grand View Research, Inc. The major factors contributing to the market growth are the higher per capita healthcare spending and technological advancements in surgical medical equipment. For instance, in March 2024, Nanoflex Robotics installed its inaugural remote-controlled robotic system for neurovascular procedures in the U.S. Developed by a spin-off from the Swiss Federal Institute of Technology in Zurich, the magnetically controlled catheter will undergo testing and studies at the Jacobs Institute. Furthermore, the surging need for surgical procedures in the elderly population, growing demand for accurate laparoscopic surgeries, and rising cases of trauma injuries are fueling the market growth.

Advancements in technology along with the growing number of FDA clearances for products are expected to further propel the market growth in the forecast period. Technologies such as motion sensors, data recorders, data analytics, HD surgical microscopic cameras, robotic catheter control systems (CCS), 3D imaging, and remote navigation are being incorporated into the robotic system. These technologies are increasing the demand for robotic minimally invasive surgeries as they provide greater control and higher accuracy.

The rising incidence of chronic diseases such as cancer, neurological disorders, orthopedic conditions, and cardiovascular diseases is driving the demand for advanced medical technologies, including robotic systems. These systems offer improved precision, skill, and access to hard-to-reach areas, making them valuable tools for diagnosis and treatment. The global population is rapidly aging, with a significant increase in the number of elderly individuals. As people age, they are more susceptible to various health issues, leading to a higher demand for healthcare services and advanced medical technologies such as robotic systems. These systems can assist in providing efficient and effective care to the aging population.

Additionally, the medical robotic systems market is dynamic, with key players driving innovation through strategic partnerships and advanced technologies. Leading companies including Intuitive Surgical, Stryker Corporation, and Medtronic are continuously enhancing their robotic platforms to improve surgical precision and patient outcomes. Intuitive Surgical, known for its da Vinci systems, focuses on expanding its global footprint and developing next-generation robotic solutions. For instance, in February 2024, THINK Surgical, Inc., a pioneer in orthopedic surgical robots, announced a new collaboration agreement with Waldemar Link GmbH & Co. KG from Germany, known for its innovative joint replacement solutions. These strategies and alliances with hospitals and research institutions, enable the companies to remain competitive and advance the capabilities of medical robotics, benefiting patients and healthcare providers worldwide.

List of Key Players in the Medical Robotic Systems Market

• iRobot Corporation
• Medrobotics Corporation
• Titan Medical Inc.
• Renishaw Plc
• Health Robotics SLR
• OR Productivity plc
• Intuitive Surgical
• Mako Surgical Corp.
• Varian Medical Systems
• Stereotaxis Inc.

Related Press Release@ Medical Robotic Systems Market Report

Medical Robotic Systems Market Report Highlights

• The medical service robots segment held the largest share in 2023. Medical service robots significantly enhance patient care by supporting healthcare professionals, increasing operational efficiencies, and mitigating labor shortages while reducing human error.
• The cleanroom robots segment is projected to grow fastest in the coming years. These robots are crucial for maintaining sterile environments in sensitive medical settings such as hospitals, pharmaceutical manufacturing facilities, and research laboratories.
• The Asia Pacific medical robotic systems market dominated the overall global market in 2023. The market is growing through partnerships with hospitals to advance medical treatments. These collaborations aim to integrate advanced robotic technologies into healthcare settings, enhancing surgical precision and patient care.
• The competitive scenario in the medical robotic systems market is highly competitive, with several of key players holding significant positions.

Medical Robotic Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 30.50 billion
Revenue forecast in 2030	USD 76.45 billion
Growth rate	CAGR of 16.55% from 2024 to 2030
Actual data	2018 - 2023
Forecast period	2024 - 2030

 

Medical Robotic Systems Market Segmentation

Grand View Research has segmented the global medical robotic systems market based on type and region:

Medical Robotic Systems Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Surgical Robots
• • Surgical Robots, By Application

• • Orthopedics
  • Neurology
  • Urology
  • Gynecology
  • Others
• Exo-Robots
• • Exo-Robots, By Extremities
  • • Upper Body
    • Lower Body
    • Full Body
• Pharma Robots
• • Traditional Robots
  • • Articulated Robots
    • Delta/Parallel Robots
    • SCARA Robots
    • Dual-Arm Robots
    • Cartesian Robots
  • Collaborative Robots
• Cleanroom Robots
• • Traditional Robots
  • • Articulated Robots
    • SCARA Robots
    • Parallel Robots
    • Cartesian Robots
  • Collaborative Robots
• Robotic Prosthetics
• • MPC Prosthetics
  • Myoelectrical Prosthetics
• Medical Service Robots

Medical Robotic Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
• • U.S.
  • Canada
  • Mexico
• Europe
• • UK
  • Germany
  • France
  • Italy
  • Spain
  • Norway
  • Denmark
  • Sweden
• Asia Pacific
• • Japan
  • China
  • India
  • Australia
  • South Korea
  • Thailand
• Latin America
• • Brazil
  • Argentina
• Middle East & Africa
• • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

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