Renub Research provided a thorough industry analysis with market share insights in a recent report titled “Global Medical Robotics Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2030″. Global Medical Robotics Market share research is also provided for competitors, market segments, and recent advancements.

Global Medical Robotics Market is expected to expand at a 25.60% CAGR between 2022 and 2030

Medical robotics revolutionizes healthcare by integrating superior technologies into surgical methods and patient care. These robotic structures permit precision, talent, and superior visualization, allowing surgeons to carry out complex operations more accurately and successfully. Moreover, medical robots facilitate minimally invasive techniques, reducing patient trauma, healing instances, and postoperative complications. Beyond surgery, they aid in analysis, rehabilitation, and telemedicine, expanding their scope across various medical specialties.

The clinical robotics market is experiencing an extraordinary boom, pushed by robotic-assisted surgery (RAS), providing surgeons with advanced dexterity, visualization, and control. This ends in minimally invasive tactics, reducing patient trauma, aches, and healing time while improving accuracy and precision to limit tissue damage and improve surgical outcomes. Faster surgical treatment instances further minimize hospital stays and healthcare expenses. Also, medical robots are increasing across various surgical specialties, enabled by technological betterment, making them more advanced and robust. Dedicated education programs and simulation technology facilitate substantial adoption, optimizing surgical effects with robotic help. So, the Global Medical Robotics Market will be US$ 72.22 billion in 2030.

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The Asia-Pacific area anticipates a solid rise in the demand for superior healthcare infrastructure, fostering speedy growth of the medical robotics market. The governments in Asia-Pacific prioritize technological advancements in healthcare, propelling accessibility to medical robotics and inspiring further investment. China leads this increase, with rising demand fueled by the adoption of instrument-based services and a scarcity of skilled healthcare carriers. Automation in pharmaceutical manufacturing complements accuracy and efficiency, with robotics at the vanguard of this change. Market players like Gilead Sciences impose strategic tasks to strengthen their presence.

Laparoscopic applications dominate the global medical robotics market because of their minimally invasive nature

Surgeons use robot systems for laparoscopic techniques, supplying precise moves and better visualization through small incisions. This reduces patient trauma, quicker healing instances, and minimizes postoperative complications. Laparoscopic applications meet the demand for more secure and significant surgical interventions because of technological improvements and the need for minimally invasive surgical procedures.

Specialty centers are rising in the worldwide medical robotics market

These facilities use contemporary robotic technology to offer superior remedies across various medical disciplines, including urology, gynecology, and orthopedics. Patients seek these centers for their know-how in specific clinical conditions and the customized care they provide. Further, unique facilities frequently invest in contemporary robotic systems, attracting sufferers and skilled clinical professionals, and for that reason, contribute to the market’s increased trajectory.

The North American medical robotics market is predicted to steady the leading share

The region benefits from superior healthcare infrastructure and vast healthcare expenditure, accelerating the adoption of medical robotics. Moreover, supportive government tasks, sizeable research and development endeavors, and the presence of prominent market players bolster its dominance. Also, the expediting demand for minimally invasive surgeries and non-stop technological improvements in robot structures reinforce North America’s role at the vanguard of the medical robot market throughout the forecast duration.

Competitive Landscape

Major medical robotics players include IRobot, Intuitive Surgical, Stryker, Accuray, Medtronic, Smith & Nephew, McKesson, and Ekso Bionics Holdings.

Industrial Robotics market is anticipated to attain US$ 44.51 Billion by 2030, at CAGR 7.72% Growth

Ophthalmic Devices Market is expected to reach US$ 68.64 Billion in 2030, at CAGR 5.98% Growth

Top Robotics Companies in the World

Market Summary:

Application- The Report covers Global Medical Robotics Market by application from 7 viewpoints (Neurology, Cardiology, Orthopaedic, Laparoscopic, Physical, Pharmacy, and Others).
End-Users– Global Medical Robotics Market, by end-users, break up into 3 viewpoints (Hospitals & Clinics, Specialty Centres, and Rehabilitation Centres).
Region – By region, the Global Medical Robotics Market breaks up into 4 viewpoints (North America, Europe, Asia-Pacific, and Middle East & Africa).
Key Players- All the major players have been covered from 3 Viewpoints (Overview, Recent Developments, and Revenue) IRobot, Intuitive Surgical, Stryker, Accuray, Medtronic, Smith & Nephew, McKesson, and Ekso Bionics Holdings.

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Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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Renub Research has recently released a report titled “Medical Robotics Market, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that includes market share insights. The report also includes competitor and regional research and contemporary advancements in the medical robots market. Medical Robotics Market shall expand at a CAGR of about 25.80% from 2023 to 2030. The medical robotics industry is experiencing significant growth and revolutionizing healthcare practices. Medical robotics refers to the application of robots and automation in various medical procedures and tasks, ranging from surgical interventions to rehabilitation and diagnostics. This emerging field offers numerous benefits, including enhanced precision, improved surgical outcomes, reduced invasiveness, and shorter recovery times.

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Advancements in technology, such as artificial intelligence, machine learning, and image-guided systems, have propelled the global medical robots marketforward. These technologies enable robots to perform complex tasks with a higher level of accuracy and efficiency than human counterparts. Surgical robots, for instance, assist surgeons during intricate procedures, providing greater control and minimally invasive options. The medical robotics market share is expanding due to several factors. Increasing demand for minimally invasive surgeries, rising geriatric population, and the need for precision in medical interventions are key drivers. Moreover, the integration of robotics in telemedicine and remote surgeries allows for improved access to quality healthcare, especially in remote areas. The potential for medical robotics to revolutionize healthcare delivery, improve patient outcomes, and enhance the overall efficiency of medical procedures makes it a dynamic and promising field with a bright future.

Positive impact of pharmacy robotics on medication management and patient care outcomes makes it a promising segment within the Global Medical Robotics Market.

The global medical robotics market is experiencing growth, and the application of robotics in pharmacy settings is contributing to this expansion. The integration of robotics in medication management systems has significantly improved the accuracy, efficiency, and safety of medication dispensing and administration processes.

Pharmacy robots are designed to automate various tasks, including medication storage, retrieval, counting, labeling, and packaging. These robots utilize advanced technologies like barcode scanning and image recognition to ensure precise identification and dispensing of medications. By automating these processes, pharmacy robots minimize the risk of errors, such as incorrect dosages or medication mix-ups, ultimately enhancing patient safety.

The adoption of pharmacy robotics is driven by several factors. The growing demand for improved medication management, the need to streamline pharmacy operations, and the increasing complexity of medication regimens in healthcare facilities all contribute to the medical robotics market growth. Additionally, the integration of robotics in pharmacies helps healthcare providers reduce costs, enhance efficiency, and optimize workflow.

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Application – Medical Robotic Market breakup from 7 Viewpoints:

1. Neurology

2. Cardiology

3. Orthopaedic

4. Laparoscopic

5. Physical

6. Pharmacy

7. Others

Hospitals continue to maintain their dominant preference as users in the global medical robots market

Hospitals continue to maintain their dominant preference as users in themedical robotic systems market. Their prominence stems from various factors that make hospitals ideal environments for the adoption and utilization of medical robots. With their extensive infrastructure, resources, and expertise, hospitals have the capacity to integrate and deploy robotic systems across different departments and specialties. The versatility of medical robots enables hospitals to leverage their capabilities in surgical procedures, diagnostics, rehabilitation, and patient care.

Furthermore, hospitals have larger patient populations, allowing for a higher volume of robot-assisted procedures, thereby justifying the investment in such technology. The direct access to skilled medical professionals and the ability to seamlessly integrate medical robots into existing workflows solidify hospitals position as the dominant users in the global medical robots market.

End-Users – Medical Robotic Market breakup from 3 Viewpoints:

1. Hospitals & Clinics

2. Specialty Centres

3. Rehabilitation Centres

North America combination of advanced infrastructure, industry expertise, supportive policies, and a culture of technological innovation places it in a dominant position in the global medical robotics market

North America’s hegemony in the global medical robotics market is driven by a combination of key factors. The region’s advanced healthcare infrastructure, including state-of-the-art hospitals and research facilities, provides a strong foundation for the adoption and utilization of medical robotics. Additionally, the presence of prominent medical robotics companies in North America, known for their continuous innovation and development of cutting-edge technologies, further solidifies the region’s leadership.

Government initiatives and robust reimbursement policies in North America create a favorable environment for the integration of medical robotics into healthcare systems. The region’s high healthcare expenditure and willingness to invest in advanced technologies also contribute to its dominant position. Moreover, North America emphasis on technological advancements and early adoption of innovative medical solutions ensures that it remains at the forefront of the medical robotics industry. This proactive approach to embracing cutting-edge technologies strengthens North America’s hegemony in the global market.

Regions – Medical Robotic Market breakup from 4 Viewpoints:

1. North America

2. Europe

3. Asia-Pacific

4. Middle East & Africa

Competitive Landscape Analysis

The global medical robotics market is driven by several major companies that play a significant role in shaping the industry. These companies include industry leaders such as IRobot, Intuitive Surgical, Stryker, Accuray, Medtronic, Smith & Nephew, McKesson, and Ekso Bionics Holdings.

Company has been covered from 3 Viewpoints in Medical Robotic market

• Overview

• Recent Development

• Revenue

Company Analysis: Medical Robotic market

1. IRobot

2. Intuitive Surgical

3. Stryker

4. Accuray

5. Medtronic

6. Smith & Nephew

7. McKesson

8. Ekso Bionics Holdings

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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