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Medical Robots Market Share

Report ID: GMI5061
Published Date: Feb 2023
Report Format: PDF

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Medical Robots Market Share

Medtronic plc
Stryker Corporation
THINK Surgical, Inc.
Hocoma AG
Smith & Nephew plc
ACCURAY
Capsa Healthcare
Intuitive Surgical, Inc.
Omnicell Inc.
Renishaw plc
Johnson & Johnson
ARXIUM
Zimmer Biomet
Aethon

are among the leading firms operating in the market. Product developments and portfolio expansions led by these industry players are playing a key role in amplifying their global presence while attracting a larger customer base.

For instance, in February 2022, Smith & Nephew plc expanded its geographical presence and business revenue by introducing the CORI Surgical System in Japan. The novelty combines 3-D intraoperative imaging with an advanced robotic precision milling tool to improve the surgeon's ability to plan, measure, and perform knee surgeries.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for medical robots exceeded USD 9.5 billion in revenue in 2022 and is expected to grow at more than 17.5% CAGR through 2032 due to the rising number of surgical procedures globally.

The hospitals segment accounted for 67% of the market revenue in 2022 and is slated to observe robust growth over the next ten years owing to the increasing product uptake for nursing assistance.

North America medical robots market size is expected to reach more than USD 21.5 billion through 2032 driven by the rising advancements in medical robots and the presence of multiple established industry participants.

Some major firms operating in the medical robots industry include Medtronic plc, Stryker Corporation, THINK Surgical, Inc., Hocoma AG, Smith & Nephew plc, ACCURAY, Capsa Healthcare, Intuitive Surgical, Inc., Omnicell Inc., Renishaw plc, Johnson & Johnson, ARXIUM, Zimmer Biomet and Aethon.