$42 Billion Worldwide Medical Robotic Systems Industry to 2027 - Featuring Accuray, DENSO, Intuitive Surgical and Medtronic Among Others - ResearchAndMarkets.com

2022-12-13

DUBLIN--(BUSINESS WIRE)--The "Medical Robotic Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

'Medical Robotic Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027'

The global medical robotic systems market reached a value of US$ 13.3 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 42.18 Billion by 2027, exhibiting a CAGR of 21.21% during 2021-2027.

Companies Mentioned

Accuray Incorporated

Auris Health Inc. (Johnson & Johnson)

DENSO Corporation

Intuitive Surgical Inc.

Siemens Healthineers AG (Siemens AG)

Stryker Corporation

Titan Medical Inc.

Zimmer Biomet

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Medical robotic systems include robots that are utilized in the healthcare industry for surgical interventions and rehabilitation. Typically, these systems consist of mechanical arms with attached surgical instruments, and an installed camera. The most commonly used robotic systems include computer-controlled electromechanical devices called telemanipulators, which use the actions of the surgeon on one side to control the effector on the other side.

These systems provide advanced visualization functionalities using HD cameras that provide surgeons with a detailed view of the concerned area, illustrated up to microscopic structures. Besides this, the robotic systems also offer relatively improved technical dexterity as they can rotate 360 degrees with superior maneuverability. Since they enable surgeons to reach hard-to-access areas in an efficient manner, they are extensively used as a crucial component in remotely controlled, minimally invasive procedures.

The market is majorly driven by the increasing demand for minimally invasive surgeries (MIS). This can be attributed to the escalating preference for smaller incisions, fewer cuts, decreased scarring, reduced pain, improved safety, and faster recovery periods that are associated with MIS across the surgical domain.

In line with this, the rising geriatric population and the continual technological advancements in novel surgical modalities are propelling the market growth across the globe. The market is further driven by the growing funding for research and development (R&D) activities focusing on medical robotics and the expanding healthcare expenditure.

Some of the other factors contributing to the product demand include continual technological advancements, the augmenting need for automation in the healthcare industry, a considerable rise in the cases of trauma injuries, and the rapidly expanding medical tourism sector.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global medical robotic systems market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, deployment mode and end user.

Breakup by Product:

Surgical Robots

Orthopedic Surgical Robots

Neurosurgical Robotic Systems

Laparoscopy Robotic Systems

Steerable Robotic Catheters

Rehabilitation Robots

Assistive Robots

Prosthetics

Orthotics

Therapeutic Robots

Exoskeleton Robotic Systems