Medical Robots Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Medical Robots Market is expected to reach USD 12.7 billion by 2027 from an estimated USD 5.9 billion in 2020 at a CAGR of 16% during the forecast period 2021-2027.

Medical robots are professional service robots used inside and outside hospitals to advance the overall level of patient care. By limiting the workload of medical staff, you can create tangible operating procedures that provide efficiencies and reduce cost investment for healthcare facilities, while allowing more time to directly care for patients. According to the International Federation of Robotics World Robotics 2018 Service Robots, medical robot sales increased 73% in 2017 compared to 2016 and accounted for 2.7% of total professional service robot sales. Medical roots are used due to the growing geriatric population and are cost-effective as they perform minimally invasive surgery on their patients.

Market Segments

By Product & Service

• Instrument & Accessories
• Robotic Systems
• Services 

By Application

• Laparoscopy
• Orthopedic Surgery
• Pharmacy Applications
• Physical Rehabilitation
• External Beam Radiation Therapy
• Neurosurgery
• Other Applications 

Key Players

Some of the prominent players operating in the medical robots market include Intuitive Surgical (US), Stryker Corporation (US), Accuray (US), Omnicell, Inc.(US), BD Rowa (US), Hocoma AG (Switzerland), Medtronic (Ireland), Smith & Nephew (UK), ARxIUM (Canada),

Scope of the Report

The research study analyzes the global Medical Robots industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Medical Robots Market Report

1. What was the Medical Robots Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Medical Robots Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Medical Robots Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.