Robotic surgery is a type of minimally invasive surgery in which surgical operations are carried out by robotics. Surgeons control these robotic systems, which are made up of robotic arms with miniature surgical equipment attached to them. This allows the surgeons to execute accurate surgery.
The growing trend toward sophisticated robotic procedures and the growing need for healthcare automation are the main drivers driving the surgical robots market. With the use of collaborative robots, researchers are creating new approaches to overcome motion and tissue resistance. Collaborative robots, for example, help reduce the risk of human contamination in delicate processes and sterile environments.
Due to the increasing use of robotic surgical systems in Tier-1 hospitals, the need for highly effective replaceable parts, the rise in the number of robotic procedures carried out globally, and the growing demand for instruments and accessories because they are required repeatedly for each procedure, the surgical robotics segment accounted for a sizeable portion of the medical robotics market.
The fact that robotic surgeries have successfully addressed the shortcomings of traditional laparoscopic and thoracoscopic surgery and allowed for the completion of complex and advanced surgical procedures with greater precision and a less invasive technique is another important factor influencing the adoption of surgical robots. An encouraging picture for the expansion of the market under study is also created by rising investment in cutting-edge medical gadgets.
Research Methodology:
After secondary research provided a fundamental understanding of the worldwide Medical Robots Market scenario, extensive primary research was carried out. A number of primary interviews were carried out with industry experts from the supply and demand sides, including C- and D-level executives, product managers, and marketing and sales managers of major manufacturers, distributors, and channel partners from tier 1 and tier 2 companies offering Medical Robots Market details, as well as personnel from academia, research, and CROs. These interviews were conducted across five major regions: North America, Europe, Asia Pacific, and the Rest of the World (Latin America & the Middle East & Africa). Participants from the supply-side and demand-side participated in about 70% and 30% of the primary interviews, respectively. Through the use of questionnaires, emails, online surveys, in-person interviews, and phone interviews, this main data was gathered.
Medical Robots Market based on Product Type:
- Surgical Robotic Systems
- Rehabilitative Robotic Systems
- Non-invasive Radiosurgery Robots
- Hospital and Pharmacy Robotic Systems
- Other Robotic Systems
Medical Robots Market based on Geography:
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
The medical robotic systems market is competitive because, despite the presence of multiple companies, the majority of market demand is met by the cutting-edge products from large players. Growth and competitiveness are attributable to Western cooperation to enhance healthcare, domestic firms’ creation of surgical robots, and numerous government partnerships with local colleges for R&D. In order to improve their market share and profitability, these businesses are implementing strategic collaboration efforts. iRobot Corporation, Auris Surgical Rbots Inc., and Intuitive Surgical Inc. are a few of the major industry participants.
The fourth-generation, highly advanced Da Vinci Xi Robotic System was introduced by Apollo Cancer Centres in Navi Mumbai in April 2023. It has applications in oncology, urology, colorectal surgery, gynecology, thoracic surgery, cardiology, pediatric and gastrointestinal surgery, kidney transplantation, and liver transplantation.
The hospital Global Hospital, located in Mumbai, introduced the Da Vinci Xi Robotic Surgical System in February 2023. Surgeons can now precisely and safely perform minimally invasive procedures thanks to this robotic surgical equipment. The business claims that in order to enhance patient outcomes and quality of life, this cutting-edge system will be utilized in a variety of surgical specialties, such as gynecology, urology, oncology, liver transplantation, cardiology, thoracic, pediatric, and gastrointestinal surgery.
With a revenue share of more than 69.3% in 2022, the medical service robots segment led the medical robotic systems market. By supporting medical personnel and offering operational efficiencies, medical service robots contribute to an improvement in the standard of patient care. Furthermore, they lessen human mistake and aid in the fight against the labor crisis. Furthermore, the service robots were instrumental in combating the COVID-19 pandemic. Additionally, a number of robots being created by major manufacturers are driving the expansion of the segment. For example, in a hospital setting, Aethon’s autonomous mobile robot TUG is utilized to transfer sensitive materials such as laboratory specimens and drugs.
In 2022, Asia Pacific accounted for the highest revenue share, with approximately 52.8%. In the upcoming years, it is anticipated that the growing elderly population with low bone density and injuries from accidents will favorably support market expansion. The main drivers of the market expansion in the Asia Pacific area are the emergence of new opportunities, advancements in healthcare infrastructure, the adoption of minimally invasive procedures, and growing patient awareness. Robotics offers the next wave of revolution, with automation becoming essential to pharmaceutical manufacturing, preserving better levels of precision, and reducing workload. With a five-year sales growth rate of 28.8%, Gilead Sciences, a Fortune 500 firm, demonstrated the strong growth potential of the global pharmaceutical business.
- This report illustrates the most vital attributes of the Medical Robots Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Medical Robots Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Medical Robots Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Medical Robots Market.
