Robotics in Healthcare Market worth USD 36670.6 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "Robotics in Healthcare Market By Product and Services (Instrument & Accessories, Robotic Systems, Services), by Application, by End User, By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global robotics in healthcare market size is expected to grow from USD 8349.0 million in 2022 to USD 36670.6 million by 2033, at a CAGR of 8.1% from 2023 to 2033.

The robotics in healthcare market consists of sales of robotics in healthcare services by entities (organizations, sole traders, and partnerships). The benefits of robotic-assisted in surgery and robot-assisted rehabilitation therapy training, technological advancements in robotic systems, an improved reimbursement environment, rising adoption of surgical robots, and increased funding for medical robot research are the main drivers of this market's growth. Moreover, one of the major barriers preventing this industry from expanding in the upcoming years is the high cost of robotic systems and the high cost of maintenance has also hindered the market growth over the forecast period. In additional, the adoption of robots in the health care industries in emerging countries has created a lots of opportunities in this market over the forecast period. Due to its high accuracy, many doctors prefer this surgery.

Global Robotics in Healthcare Market Segmentation

The overall robotics in healthcare market has been segmented into product and services, application, end user, and region.

• By Product and Services (Instrument & Accessories, Robotic Systems, Services)
• By Application (Laparoscopy, Orthopedic Surgery, Pharmacy Applications, Physical Rehabilitation, External Beam Radiation Therapy, Neurosurgery)
• By End User (Hospitals, Surgery Centers, Rehabilitation Centers)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Laparoscopy segment is at the highest CAGR during the forecast period

Laparoscopy segment is expected to grow at the highest CAGR during the forthcoming period. Laparoscopic surgery is more commonly selected than traditional surgery because of its several benefits over traditional ones, including its rapid recovery time, quick and successful outcomes, reduced risk of infection, little or no incision, and minimum discomfort. Furthermore, this market is rising because to a growing desire for minimally invasive laparoscopic equipment.

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The Asia Pacific to account for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. The country's robot density has been increasing by 10% every year. South Korea is a global leader in the market for healthcare service robots. Throughout the later decades of the twentieth century, the concept of robots was a popular topic in science fiction literature. The Advanced Biomedical Technologies Program of the Defence Advance Project Agency initiated a project to develop a surgical robotic system prototype to assist injured soldiers on the battlefield in remote areas throughout the world, although they have yet to provide any particular use.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the robotics in healthcare market. It also consists of the profiles of leading companies such as McKesson Corporation. Aethon, MedTech SA, Smith and Nephew, Intuitive Surgical, Renishaw plc, Major Robotics, ReWalk Robotics, Strikers, Intouch Technologies Inc., Medrobotics Corporation and Ekso Bionics. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

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