Healthcare Robots Market (By Product: Surgical Robots, Rehabilitation Robots, Telemedicine Robots, Pharmacy And Hospital, Automation Robots, Non-Invasive Radiosurgery Robots, Robotic Catheters; By Applications: Neurology Applications, Cardiology Applications, Orthopedic Applications, Laparoscopic Applications, Other; By Components: Safety Systems, Locomotion Systems, User Interface, Software Products, Power Resources, Visualization Systems; By End User: Hospitals, Ambulatory Surgery Centers, Rehabilitation Centers, Other) – Global Industry Analysis, Market Size, Opportunities And Forecast 2020 - 2027

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Pages : 190

The market for healthcare robots is expected to grow at a CAGR of around 21.3% from 2020 to 2027 and predicted to reach the market value of around US$ 32.5 Bn by 2027.

Healthcare robots are designed to relieve medical personal from routine tasks. Robots in the healthcare industry make medical procedures safer and affordable for patients. These can also perform surgery accurately in tiny places and transport dangerous substances. Surgeons during surgery can control the instruments with the help of these robots as easily as moving virtual objects in computer games. The variety of robots in the healthcare industry include surgical robots, blood-drawing, disinfector robots, robotic assistance for a better life, robots in the supply chain, nanorobots in blood in bloodstream (development phase), and social companion robots to cheer up and provide company.

Market Dynamics

The advantages associated with robot-assisted surgery & training in rehabilitation therapy like timely and effective results are driving the market growth. The technological advancements, improving reimbursement scenario, increasing adoption of surgical robots as well as increasing funding for research activities in the medical robot sector are further accelerating the market growth. Furthermore, increasing penetration of surgical robots in ASCs, emerging markets, and the ongoing development of nontechnology robots are projected to provide potential opportunities over the forecast period from 2020 to 2027. 

On the other side, the high cost associated with the robotic systems is likely to hinder the growth over the estimated period.
Segment Instance of Global Healthcare Robots Market 

Hospitals are leading the end-user segment of healthcare robots market

In 2019, hospitals lead the market with maximum revenue share (%), and the segment is also projected to maintain its dominance in the global healthcare robots market throughout the forecast period from 2020 to 2027. The presence of favorable infrastructure and professionals in the hospitals for the operation of robots is primarily accelerating the segmental market value.

North America accounted for the maximum revenue share in the global market

The region is leading the market with a major revenue share (%) in 2019 and the region is also anticipated to maintain its dominance over the forecast period from 2020 to 2027. The well-established healthcare infrastructure of the region coupled with the enhanced awareness among the patients about the utility of new and innovative technologies is supporting the regional market value. The US is contributing to the maximum revenue share in the regional market due to its highly developed healthcare infrastructure.

Asia Pacific is estimated to exhibit fastest growth over the forecast period from 2020 to 2027

The developing healthcare IT infrastructure in developing economies is primarily supporting the regional market growth. The increasing disposable income which is further boosting the spending power of people is expected to drive growth in the region.

Ongoing investment in the healthcare sector, particularly for the development of advance and more effective technology that can aid affordable and timely treatment to the patient is additionally bolstering the regional market growth.   

The players profiled in the global healthcare robots market report include Accuray Inc, Aurora Biomed Inc, Biotek Instruments Inc., Ekso Bionics Holdings Inc, Hansen Medical Inc, Hocoma AG, Intuitive Surgical Inc, Irobot Corporation, Kirby Lester Llc, MAKO Surgical Corp, Mazor Robotics Ltd, Roche Holding AG, Titan Medical Inc, Varian Medical Systems, and ZOLL Medical Corp. 

Market Segmentation

Market By Product 

Surgical Robots
Rehabilitation Robots
Telemedicine Robots
Pharmacy and Hospital Automation Robots
Non-Invasive Radiosurgery Robots 
Robotic Catheters 

Market By Applications

Neurology Applications
Cardiology Applications
Orthopedic Applications
Laparoscopic Applications
Other

Market By Components 

Safety Systems
Locomotion Systems
User Interface
Software Products
Power Resources 
Visualization Systems

Market By End User

Hospitals
Ambulatory Surgery Centers
Rehabilitation Centers
Other

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa


Frequently Asked Questions

The market for healthcare robots is expected to reach a market value of around US$ 32.5 Bn by 2027.

The healthcare robots market is expected to grow at a CAGR of around 21.3% from 2020 to 2027.

Hospitals is the leading segment by end user in the healthcare robots market

The advantages associated with the robot-assisted surgery & training in rehabilitation therapy, technological advancements, improving reimbursement scenario, increasing adoption of surgical robots, and increasing funding for research activities in medical robot sector are some of the major drivers of the global healthcare robots market.

Accuray Inc, Aurora Biomed Inc, Biotek Instruments Inc., Ekso Bionics Holdings Inc, Hansen Medical Inc, Hocoma AG, Intuitive Surgical Inc, Irobot Corporation, Kirby Lester Llc, MAKO Surgical Corp, Mazor Robotics Ltd, Roche Holding AG, Titan Medical Inc, Varian Medical Systems, and ZOLL Medical Corp are the prominent players in the market.

North America held the highest market share in the healthcare robots market

Asia Pacific is expected to be the fastest growing market over the forecast period

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