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.
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 By Product
Pharmacy and Hospital Automation Robots
Non-Invasive Radiosurgery Robots
Market By Applications
Market By Components
Market By End User
Ambulatory Surgery Centers
Market By Geography
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Rest of Latin America
Middle East & Africa
• South Africa
• Rest of Middle East & Africa
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