The mushrooming requirement for robotic procedures, the increasing usage of pharmacy systems, surging geriatric population and the subsequent rise in the need for elderly care, and the soaring healthcare and medical robotics expenditure are the major factors driving the advancement of the global medical robotic systems market. Because of these reasons, the market is predicted to attain a valuation of $56.5 billion by 2030, exhibiting a CAGR of 20.2% between 2020 and 2030.
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The COVID-19 pandemic has massively boosted the growth of the medical robotic systems market. This is due to the fact that because of the pandemic, several countries have started taking mandatory social distancing measures, that usually involve minimal contact between individuals. This is, in turn, pushing up the demand for medical robotic systems as these systems have the ability to eliminate the requirement for physical proximities without compromising on quality patient care.
Globally, the medical robotic systems market recorded the highest growth in North America in the years gone by. The market will also register the highest growth in this region in the near future. This would be mainly because of the existence of leading market players, soaring investments being made by public and private organizations for supporting technological advancements in medical robotic systems, and the presence of a well-established healthcare industry in the region. Because of the existence of thriving healthcare industry, hospitals in North America can afford extremely costly medical systems for rehabilitation activities and surgeries.
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Some of the prominent market players are Hocoma AG, Accuracy Incorporated, Titan Medical Inc., Capsa Healthcare, ARxIUM Inc., Medrobotics Corporation, Globus Medical Inc., Intuitive Surgical Inc., Medtronic plc, Omnicell Inc., Stryker Corporation, Zimmer Biomet Holdings Inc., Stereotaxis Inc., Johnson & Johnson, Hansen Medical Inc., and Smith & Nephew plc.
Market Size Breakdown by Segment
- Automated Dispenser
- Pharmacy Automation
- Cardiothoracic Surgery
By End User
- Hospitals and Ambulatory Surgery Centers (ASCs)
- Rehabilitation Centers
- North America
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
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