According to the report titled ‘Medical Robots Market Size By Product Type (Surgical Robots, Telemedicine Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots, Pharmacy and Hospital Automation Robots), By Application (Neurology Applications, Cardiology Applications, Orthopaedic Applications, Laparoscopic Applications, Physical Rehabilitation, Pharmacy Applications), By End-use (Hospitals, Rehabilitation Centers, Ambulatory Surgical Centers (ASCs)), COVID19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global medical robots market is expected to showcase substantial growth during the period 2021-2027.

 

Increased attention on lowering the risk of infection for healthcare workers involved in traditional surgical operations, as well as a rise in the number of surgical procedures are propelling the growth of medical robots market. Given the rising demand for efficient procedures, healthcare policies for robot-assisted surgeries are becoming more popular.

 

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Following the COVID-19 pandemic, it has become critical to protect healthcare workers from becoming infected as a result of COVID-19 exposure. Medical robots allowed medical practitioners to care for patients without the risk of becoming contaminated in a variety of settings, thus stimulating the market outlook.

 

Based on product type, the market is categorized into non-invasive radiosurgery robots, surgical robots, telemedicine robots, rehabilitation robots, and pharmacy & hospital automation robots. In 2020, surgical robots market segment was worth USD 4,622 million and is anticipated to expand at a CAGR of 17.4% during the forecast period.

 

From the applications standpoint, medical robots market is classified into neurology applications, orthopedic applications, pharmacy applications, cardiology applications, physical rehabilitation, laparoscopic applications, and others. The cardiology applications segment generated revenues worth USD 843 million in 2020 and it reckoned to record 18.1% CAGR through 2027.

 

As per end-use scope, the market is fragmented into hospitals, ambulatory surgical centers (ASCs), rehabilitation centers, and others. In 2020, the hospitals segment was accounted at USD 4,895 million, and is expected to grow with a y-o-y rate of 17.4% during the assessment period. Growing demand for robot-assisted surgeries, fueled by a scarcity of surgeons, is expected to foster the adoption of medical robots in hospitals.

 

Moving on to regional landscape, worldwide medical robots market study spans across North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Of these, Asia Pacific industry was valued at USD 1,606 million in 2020 and is estimated to grow at a CAGR of 17.8% over the next six years, accredited to booming geriatric populace, investment inflow of automation in healthcare sector, and supportive medical reimbursement policies.

 

The top players in the market are Zimmer Biomet, Capsa Solutions LLC, Stryker Corporation, Aethon Inc., Medtronic plc, Johnson & Johnson, ARxIUM, Smith & Nephew plc, Renishaw plc, iRobot Corporation, Intuitive Surgical Inc., Hocoma AG, Omnicell Inc., and Accuray Incorporated among others.