Medical Robots Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Preference for Minimally Invasive Surgeries
- Increasing Efficiency of Surgical Robots in Performing Laparoscopic Surgery
- Increasing Technological Advancement in Medical Sector
Challenges
- Higher Maintenance Costs of Surgical Robots
- High Cost of the Robotics Assisted Surgeries
Medical Robots Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
15.8% |
|
Base Year Market Size (2024) |
USD 16.39 billion |
|
Forecast Year Market Size (2037) |
USD 110.35 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of medical robots is evaluated at USD 18.59 billion.
Medical Robots Market size was valued at USD 16.39 billion in 2024 and is set to exceed USD 110.35 billion by 2037, registering over 15.8% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is predicted to account for largest revenue share by 2037, due to gradually developing healthcare infrastructure.
The major players in the market are Stryker, Medtronic, BIONIK, Smith & Nephew, Zimmer Biomet, and CYBERDYNE, INC., among others.
