Medical Robots Market Overview 2024: Key Drivers, Trends, and Forecast

The medical robots global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Medical Robots Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The medical robots market size has grown exponentially in recent years. It will grow from $13.51  billion in 2023 to $16.24  billion in 2024 at a compound annual growth rate (CAGR) of 20.2%.  The  growth in the historic period can be attributed to minimally invasive surgery, aging population, telemedicine and remote surgery, chronic diseases, food and beverage.

The medical robots market size is expected to see exponential growth in the next few years. It will grow to $34.15  billion in 2028 at a compound annual growth rate (CAGR) of 20.4%.  The growth in the forecast period can be attributed to customization and personalization, ai and machine learning integration, patient care and companion robots, pharmacy automation, nanorobotics. Major trends in the forecast period include technology advancements,cryotherapy and aesthetic procedures, biobanking and biopreservation, cryogenic storage solutions, rocket propulsion.

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Scope Of Medical Robots Market
The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Medical Robots Market Overview

Market Drivers -
The rising demand for precise and proper laparoscopic operations is expected to propel the growth of the medical robots market going forward. The laparoscopic operation allows a surgeon to perform complex procedures within the abdomen without having to place his hands directly into the body cavity. medical robots market are more efficient at performing laparoscopic procedures. As a result, there is rising demand for precise and proper laparoscopic operations that boost market growth. For instance, in March 2022, the Cleveland Clinic, a US-based nonprofit academic medical centre, stated that over 13 million laparoscopic procedures have been performed globally every year and are projected to grow by 1% over the next five years. Therefore, the rising demand for precise and proper laparoscopic operations is driving the growth of the medical robots market.

The medical robots market covered in this report is segmented –

1) By Type: Hospital and Pharmacy Robotic Systems, Surgical Robotic Systems, Noninvasive Radiosurgery Robotic Systems, Rehabilitation Robotic Systems, Other Types
2) By Solutions: On-Premises, Cloud
3) By Application: Cardiology, Laparoscopy, Pharmacy, Neurosurgery, Orthopedic Surgery, Other Applications
4) By End Users: Specialty Centers, Hospitals and Clinics, Rehabilitation Centers, Other End Users

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Regional Insights -
North America was the largest region in the medical robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical robots market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Companies -
Major companies operating in the medical robots market include  Smith and Nephew plc, Strikers, Aethon, Intuitive Surgical Inc, Major Robotics, Intouch Technologies Inc, Renishaw plc, MedTech SA, Ekso Bionics Holdings Inc, ReWalk Robotics, Medrobotics Corporation, McKesson Corporation, Hocoma AG, Cyberdyne Inc., BD Rowa, Stryker Corporation, Medtronic plc, Zimmer Biomet Holdings Inc., Johnson & Johnson Services Inc., Hansen Medical Inc., Corindus Vascular Robotics Inc., CMR Surgical Ltd., Procept BioRobotics Corporation, TransEnterix Surgical Inc., Mazor Robotics Ltd., Auris Health Inc., Titan Medical Inc., Accuray Incorporated, Synaptive Medical Inc., Omnicell Inc., Varian Medical Systems Inc., Elekta AB

Table of Contents
1. Executive Summary
2. Medical Robots Market Report Structure
3. Medical Robots Market Trends And Strategies
4. Medical Robots Market – Macro Economic Scenario
5. Medical Robots Market Size And Growth
…..
27. Medical Robots Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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