The global medical robot market is expected to grow with a CAGR of 21% by 2024

   January 3, 2022
According to a new market report published by Lucintel, the future of the medical robot market looks promising with opportunities in the clinics, ambulatory surgical centers, and hospitals. The global medical robot market is expected to grow with a CAGR of 21% from 2019 to 2024. The major drivers for this market are growing demand for accurate and proper laparoscopic surgeries, advantages offered by robot-assisted training in rehabilitation therapy, increase in funding for medical robots research, issuance of IPOS by medical robots companies, and growing hospital investments in medical robots.

In this market, instruments and accessories, medical robot systems, surgical robots, rehabilitation robots, non invasive radiosurgery robots, hospital and pharmacy robots, and other medical robotic systems are the major product segment. Instruments and accessories segment is the largest product type market.

Orthopedic, neurology, laparoscopic, cardiology, and special education are the major applications of the global medical robot market. The neurosurgery application segment is expected to register the highest CAGR during the forecast period. The high growth of this segment can be attributed to the increasing precision and improved quality of medical robots which have encouraged the use of robots in neurosurgery.

North America will remain the largest market over the forecast period due to increase in funding for medical robot research, and technological advancements in medical robots market.

Stryker corporation, Intuitive surgical, Mazor robotics, Hocoma, Hansen Medical, Omnicell, Accuray Incorporated, Engineering Services, Ekso Bionics Holdings, and Kirby Lester are among the major manufacturers of medical robot market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global medical robot market by product, application, end user, and region. Lucintel has prepared a comprehensive research report entitled "Global Medical Robots Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global medical robot market by product, application, end user, and region as follows:

By Product [$M shipment analysis for 2013 – 2024]:

  • Instruments and Accessories

  •  Medical Robotic Systems

  •  Surgical Robots

  •  Rehabilitation Robots

  •  Non invasive Radiosurgery Robots

  •  Hospital and Pharmacy Robots

  •  Other Medical Robotic Systems

By Application [$M shipment analysis for 2013 – 2024]:

  • Laparoscopic

  • Orthopedics

  • Neurology

  • Special Education

  • Others

By End User [$M shipment analysis for 2013 – 2024]:

  • Clinics

  • Ambulatory Surgical Centers

  • Hospitals

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

  • United States

  • Canada

  • Mexico

  • Europe

  • United kingdom

  • Germany

  • France

  • Italy

  • Spain

  • Asia-Pacific

  • China

  • India

  • Japan

  • Rest of the World (ROW)

  • Brazil



This research report of more than 150 pages will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or

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