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Healthcare Robotics Market

Global Healthcare Robotics Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth

Global Healthcare Robotics Market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 15% during the forecast period (2021-2027F). Healthcare robots are designed perfectly with the blend of medicine and technology. These robots allow surgeons to perform surgeries with almost perfect precision and are considered an alternative method to minimally invasive surgeries.

The growth of healthcare robotics market across the globe is witnessing growth on account of the rising medical errors and medical malpractices in some of the chief medical procedures such as diagnosis and surgery across the globe. For instance, each year at least 4,000 surgical errors occur in the United States. Also, each year in the U.S. more than 12 million adults who seek outpatient medical care receive a misdiagnosis accounting for nearly 5% of adults. The aforementioned facts signify the requirement of automated systems to assist physicians in medical procedures such as diagnosis, surgery, and monitoring, among others. Thus, driving the adoption of robotics in the healthcare sector globally. Furthermore, factors such as increasing automation technologies & enhancement of technological innovation, acute supply shortage of well-trained medical professionals, need to improve surgical procedures and large-scale global investment in the robotics market are also positively impacting the healthcare robotics market. 

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Based on product, the market is segmented into systems and instruments & accessories. The systems segment grabbed a significant share of the global healthcare robotics market and will witness a considerable CAGR during the forecast period (2021-2027F). This segment is further sub-segmented into surgical robots, diagnostic robots, hospital & pharmacy robots, rehabilitation robots, and others. The growth of this segment can be attributed to the rising adoption of various types of robotic systems and frequent product launches in the market.

Based on the end-users, the global healthcare robotics market is segmented into hospitals and pharmacies, rehabilitation centers, and home care settings. The hospitals and pharmacies segment occupied a substantial share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027 owing to the growing adoption of robots in hospitals for performing surgeries and drug dispensing.

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Additionally, the report provides detailed report also provides insights into the global healthcare robotics market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD xx billion in 2020 owing to the well-established market players and frequent product launches.

Accuray Incorporated, Auris Health Inc., Stryker Corporation, Becton, Dickinson, and Company, Agilent Technologies Inc., FUJIFILM Holdings Corporation, Medtronic plc, Smith & Nephew plc, Intuitive Surgical Inc., Siemens Healthineers AG are some of the key players operating in the global healthcare robotics market. Several M&As along with partnerships have been undertaken by these players to develop various types of healthcare robots.

Global Healthcare Robotics Market Segmentation

Market Insight, by Product

  • Systems
    • Surgical Robots
    • Diagnostic Robots
    • Hospital & Pharmacy Robots
    • Rehabilitation Robots
    • Others
  • Instruments & Accessories

Market Insight, by End-Users

  • Hospitals and Pharmacies
  • Rehabilitation Centers
  • Home Care Settings

Market Insight, by Region

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • United Kingdom
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Rest of World

Top Company Profiles

  • Accuray Incorporated
  • Auris Health Inc.
  • Stryker Corporation
  • Becton, Dickinson, and Company
  • Agilent Technologies Inc.
  • FUJIFILM Holdings Corporation
  • Medtronic plc
  • Smith & Nephew plc
  • Intuitive Surgical Inc.
  • Siemens Healthineers AG

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