Healthcare Robotics Market to Grow at 8.74% CAGR through 2029
Introduction of
cost-effective medical robots and growing preference for minimally invasive
surgery is expected to drive the Global Healthcare Robotics Market growth in
the forecast period, 2025-2029.
According to
TechSci Research report, “Healthcare Robotics Market – Global Industry Size,
Share, Trends, Competition, Forecast & Opportunities, 2029F”, the
Global Healthcare Robotics Market stood at USD 8.08 Billion in 2023 and is anticipated to
project robust growth in the forecast period with a CAGR of 8.74% through 2029F. The
Global Healthcare Robotics Market is primarily driven by technological
advancements, increasing demand for minimally invasive surgeries, and the rising
prevalence of chronic diseases.
With the
increasing number of surgical procedures in the geriatric population and a rise
in trauma injuries, there is a growing demand for accurate and effective
laparoscopic surgeries and medical procedure solutions. Consequently, the field
of robot-assisted surgery has expanded rapidly, driven by the growing
opportunities for minimally invasive procedures across various surgical
domains. As robotic surgery approaches a decade of commercial use, the market
is diversifying, offering novel surgical modalities with improved technology,
reduced costs, and smaller sizes. Globally, there is a surge in demand for
robotic minimally invasive surgeries due to their numerous benefits, including
fewer incisions, reduced discomfort, minimal scarring, enhanced safety, and
shorter recovery times. These procedures provide surgeons with
advanced visualization capabilities through the utilization of high-definition
cameras, enabling the depiction of microscopic structures. This results in
greater control and accuracy. In recent years, there has been a notable
increase in the number of rehabilitation robotics research projects,
contributing to the rapid development of therapeutic rehabilitation robots.
Technological innovations in cognition, interaction, and manipulation of
service robotics are expected to be major factors driving the growth of the
global healthcare service robots market during the forecast period. Market
players in the healthcare industry are increasingly investing in service
robots-based technologies to remain competitive, thus boosting the demand for
clinical robots in the field.
The increasing
adoption of surgical robots is a significant driver for the growth of the
healthcare service market. Robotic surgery enables surgeons to perform complex
procedures that would otherwise be challenging or impossible using traditional
methods. Every day, new inventions and more advanced models for robotic surgery
are being developed, with increased functionality and reduced dimensions
facilitated by 3D imaging technology. Online adaptive strategies are employed to
enable the system to adjust to the changing environment, and Feedforward
Artificial Neural Networks (ANN) are used to develop the offline kinematic
model of the robot. The advantages offered by robotic-assisted
surgery are driving the growth of the healthcare service market. These
advantages include a reduced risk of infection due to smaller incisions,
decreased discomfort and pain, shorter hospitalization periods, faster recovery
times, and a quicker return to routine activities for patients. However, the
growth of the surgical robotics sector is hindered globally by high production
costs and a lack of sufficient clinical evidence regarding the efficacy of
surgical robotic systems. Nevertheless, rising healthcare expenditure in
developing countries and an increase in surgical operations are expected to
drive the market during the forecast period.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Healthcare Robotics Market”
The Global Healthcare
Robotics Market is segmented product,
application, end user, regional distribution, and company.
Based on
product, the market is segmented into surgical robots, telemedicine robots,
rehabilitation robots, non-invasive radiosurgery robots, pharmacy and hospital
automation robots. Robotic surgery entails the use of robotics to perform
minimally invasive surgical procedures. Surgeons operate these robotic systems,
which consist of miniaturized surgical instruments mounted on robotic arms,
enabling precise surgical interventions. The surgical robots segment is
witnessing significant growth, driven by the increasing demand for healthcare
automation and the trend towards advanced robotic surgeries. Researchers are
developing new strategies, including the adoption of collaborative robots, to
address motion and tissue resistance. Collaborative robots play a crucial role
in reducing the risk of human contamination during delicate operations in
sterile settings. Within the medical robotics field, the surgical robotics segment
holds a substantial share. This is attributed to the rising adoption of robotic
surgical systems in Tier-1 hospitals, the demand for highly efficient
replaceable components, the increasing number of robotic procedures performed
worldwide, and the growing need for instruments and accessories due to their
recurring use in procedures. The adoption of surgical robots is further driven
by their ability to overcome the limitations of conventional laparoscopic and
thoracoscopic surgeries. Robotic surgeries enable the completion of intricate
and advanced surgical procedures with higher precision and minimal
invasiveness. The growing investment in advanced medical devices also
contributes to the positive outlook of the market. The market is
expected to experience a significant surge in demand for surgical robots. This
can be attributed to their increasing utilization in various surgical
procedures, such as bariatric surgery, heller myotomy, gastrectomy, hernia
repair, cholecystectomy, transoral surgery, and pancreatectomy. There is a rise in the volume of general surgery procedures conducted globally.
Based on Region, Europe emerged as the fastest-growing region in the global Healthcare Robotics Market, fueled by several key factors. Robust technological advancements in robotics, coupled with a growing emphasis on healthcare automation, have propelled market growth. Increasing investment in research and development initiatives by both public and private sectors has bolstered innovation in healthcare robotics within the region. Favorable government policies and initiatives aimed at promoting the adoption of robotics in healthcare settings have provided a conducive environment for market expansion. The rising prevalence of chronic diseases and an aging population have spurred the demand for advanced healthcare solutions, further driving the growth of the healthcare robotics market in Europe. This convergence of technological progress, supportive policies, and evolving healthcare needs positions Europe as a leading hub for healthcare robotics innovation and market growth.
Major companies
operating in Global Healthcare Robotics Market are:
- iRobot Corporation
- Titan Medical Inc.
- Hansen Technologies Ltd
- Renishaw plc
- Intuitive Surgical, Inc.
- Medtronic Plc
- DENSO Products and Services
Americas, Inc.
- Accuray Incorporated
- Stryker Corporation
- Varian Medical Systems, Inc.
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“The expansion
of robot-assisted training in Rehabilitation Therapy is a pivotal catalyst
propelling the growth of the market, supported by a confluence of factors
including technological advancements, augmented funding for medical robot
startups, and escalating demand for minimally invasive surgical procedures.
These factors collectively offer avenues for augmenting market expansion and
innovation. Technological breakthroughs are anticipated to play a significant
role in fueling market growth, with recent advancements in medical robotics
showcasing promising trends. Examples include blood nanobots engineered to
emulate the functions of white blood cells, thereby bolstering the body's
immune response against diseases. The development of melanoma-detecting
machines aims to minimize the necessity for frequent biopsies, streamlining
diagnostic processes and improving patient outcomes. Innovations like PARO, a
medical robot seal designed to assist children with developmental disabilities,
highlight the diverse applications of medical robotics in addressing healthcare
challenges”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Healthcare Robotics Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Product (Surgical
Robots, Telemedicine Robots, Rehabilitation Robots, Non-invasive Radiosurgery
Robots, Pharmacy and Hospital Automation Robots), By Application (Neurology
Applications, Cardiology Applications, Orthopedic Applications, Laparoscopic Applications,
Others), By End User (Hospitals, Specialty Clinics, Research Institutes,
Ambulatory Surgical Centers, Laboratories, Rehabilitation Centers, Others), By Region and Competition, 2019-2029F”,
has evaluated the future growth potential of Global Healthcare Robotics Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Healthcare Robotics Market.
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