The global Medical Robots Market Growth Accelerated by Rising Demand for Minimally Invasive Surgeries


 Medical robots are known to perform minimally invasive surgeries with enhanced precision, flexibility, motion, and control. These robots help surgeons perform complex surgical procedures with greater accuracy. They empower surgeons with improved control and endow advanced capabilities for minimally invasive procedures. Moreover, medical robots can help reduce recovery time and hospital stay for patients undergoing surgery.

The global Medical Robots Market is estimated to be valued at US$ 11.47 Bn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends: Rising demand for minimally invasive surgeries has accelerated the growth of the medical robots market over the past few years. The increasing preference for minimally invasive procedures compared to open surgeries drives the demand for robotic minimal access surgical systems. Medical robots allow surgeons to perform delicate procedures with greater dexterity, precision, flexibility and control, which results in minimal incisions and scarring, less pain and blood loss for the patient, and lower rates of complications. Robot-assisted minimally invasive surgeries also enable faster recovery times and shorter hospital stays for patients. As awareness regarding benefits of robotic surgeries rises among patients and healthcare providers, demand for medical robots is expected to increase significantly over the forecast period.

Segment Analysis
The global medical robots market is dominated by surgical robots sub segment owing to increasing demand for minimally invasive surgeries. Surgical robots segment accounted for over 60% market share in 2022 due to higher accuracy and dexterity offered by robotic systems over traditional open surgeries.

Key Takeaways
The global medical robots market is expected to witness high growth over the forecast period. Continued technological advancements and increasing preference for advanced surgical treatments are anticipated to drive market expansion. The global Medical Robots Market is estimated to be valued at US$ 11.47 Bn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030.

Regional analysis related content comprises
North America currently holds a significant share of the global medical robots market and is expected to remain the dominant regional market during the forecast period. Higher healthcare spending and presence of major industry players in the US and Canada are major factors contributory to market growth in the region. Asia Pacific is projected to witness the fastest growth owing to growing geriatric population, increasing healthcare expenditure and rising medical tourism in the region.

Key players related content comprises
Key players operating in the medical robots market are Auris Surgical Robotics, Inc. (Hansen Medical Inc.), Accuray Incorporated, iRobot Corporation and Medrobotics Corporation. These companies have established a strong presence across major markets and focus on new product launches, strategic acquisitions and collaborations for business expansion.

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