Medical Robotic Systems Market Gaining Traction with Wide Adoption in Hospitals


 Medical robotic systems are advanced surgical systems that assist surgeons in performing complex minimally invasive surgeries with greater accuracy and flexibility. Medical robotic systems provide surgeons with enhanced vision, wristed instruments, 3D high definition views, and robotic assistance. These systems enable surgeons to perform intricate procedures through tiny incisions with improved ergonomics, precision, dexterity, visualization and control.

The global Medical Robotic System Market is estimated to be valued at US$ 9,099.84 million in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Growth Accelerated by Wide Adoption in Hospitals
One of the key trends driving the growth of the medical robotic system market is increasing adoption of surgical robots by hospitals worldwide. Hospitals are actively investing in robotic surgical platforms to offer advanced surgical care and enhance patient outcomes. They help improve surgical workflow, reduce costs and increase hospital reimbursements. According to U.S. Department of Health & Human Services, in 2017 around 500 hospitals in the U.S. had installed at least one surgical robotic system. The number is estimated to grow significantly over the forecast period with increasing demand for minimally invasive surgeries along with benefits such as shortening recovery time and length of hospital stay for patients.

Segment Analysis
The global medical robotic system market is segmented by application into surgical and rehabilitation robotic systems, hospital & pharmacy robotic systems, and non-invasive radiosurgery robotic systems. The surgical and rehabilitation robotic systems segment dominates the market and is expected to maintain its dominance during the forecast period. This is mainly due to growing adoption of robotic-assisted minimally invasive surgery globally for its benefits such as less post-surgery trauma, shorter hospital stays, less blood loss and scars compared to open surgeries.

Key Takeaways

The global medical robotic system market is expected to witness high growth during the forecast period of 2023 to 2030. The global Medical Robotic System Market is estimated to be valued at US$ 9,099.84 million in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030.

The North America region currently dominates the market due to presence of major players operating in the region as well as growing adoption of advanced medical robotic technologies for surgical procedures. The Asia Pacific region is expected to be the fastest growing market for medical robotic systems during the forecast period owing to increasing healthcare expenditure and improving access to healthcare infrastructure in emerging economies such as China and India in the region.

Key players operating in the medical robotic system market are Intuitive Surgical, Transenterix, Medrobotics, Verb Surgical, Hansen Medical, MEDTECH, Titan Medical, Microbot Medical, Aethon, and Aesynt. Intuitive Surgical continues to dominate the surgical robotic systems segment through its da Vinci surgical systems. TransEnterix is a leader in medical robotic systems for minimally invasive surgery. Medrobotics provides robotic systems for natural orifice surgery procedures

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