Medical Robotics Type Insights
The Medical Robotics Market segmentation, based on type, includes equipment, service, and consumables. The equipment segment held the majority share in the market in 2022. The fundamental modules in equipment generally comprise a controller unit and a manipulator.
The manipulator is usually in the form of a robot arm that is designed to perform actions and consists of jointed segments, sensors, a drive system, and an effector. Procuring equipment generally consists of complete robotic systems and is generally capital-intensive. The equipment goes through rigorous regulatory checks and clinical trials. Only after receiving market authorizations do such products enter into the commercial market.
Medical Robotics Product Insights
The Medical Robotics Market segmentation, based on product, includes surgical robots, rehabilitation robots, noninvasive radiosurgery robots, hospital & pharmacy robots, emergency response robotic systems, logistics/handling robotic systems, imaging robotic systems. The rehabilitation robots segment dominated the market in 2022. The surgical robots segment is further divided into soft tissue surgery, hard tissue surgery, and microsurgery.
Furthermore, the rehabilitation robots segment is further divided into assistive robots, prosthetics, orthotics, therapeutic robots, and exoskeleton robotic systems. Moreover, the hospital and pharmacy robots are further divided into telemedicine robots, I.V. robots, pharmacy robots, and cart transportation robots. Rehabilitation robots augment patient rehabilitation through the application of robotic devices.
These robots allows patients to practice movements aided by the robot. In recent years, there has been a rapid and vast development of robots for the rehabilitation of sensorimotor deficits after damage to the central nervous system (CNS). For instance, in December 2021, Inrobics Social Robotics launched an AI-based robotic device to improve health rehabilitation.
Further, in November 2019, Toyota Motor Corporation (Toyota) launched the new Welwalk WW-2000, a robot designed to provide rehabilitation support to individuals with lower limb paralysis as a result of stroke and other causes. In addition, current advancements in rehabilitation processes, methodologies, tools, and the rapid incorporation of AI are expected to increase the market for rehabilitation robots.
Figure 2: Medical Robotics Market, by Product, 2024 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Medical Robotics Application Insights
Based on application, the global medical robotics industry has been segmented into neurology, oncology, orthopedic, laparoscopy, cardiology, aesthetic surgery, rehabilitation, angiography, and others. The oncology segment is further divided into breast cancer, intraoperative radiation therapy, and others. Moreover, the orthopedic segment is further bifurcated into non-contact bone cutting and bone surgery and others.
The laparoscopy segment held the largest market share in 2022. Laparoscopic devices are proved to be effective tools for diagnostic and therapeutic purposes. The rise in funding and reimbursement framework has been observed in laparoscopy-assisted surgeries.
There has been an increasing adoption of robot-assisted laparoscopy procedures in recent times. The demand for robot-assisted minimally invasive surgery is increasing due to the significant benefits associated with laparoscopic surgical procedures, such as small or no incision, short hospital stays, less pain, quick recovery time, less wounds, and reduced blood loss.
Medical Robotics Setting Insights
The Medical Robotics Market segmentation, based on setting, includes homecare, in-patient, and out-patient. The out-patient segment dominated the market in 2022. There’s increasing adoption of surgical robotics in outpatient settings owing to its several benefits such as immediate treatment.
Medical Robotics End User Insights
The Medical Robotics Market segmentation, based on end user, includes hospital & clinics, specialty centers, rehabilitation centers, and others. The hospital & clinics segment dominated the market in 2022. This is because hospitals and clinics provide patients with all types of treatment options and consultations in a single visit.
The market growth of hospitals & clinics is due to the increasing number of hospitals and the rising number of surgeries. The hospitals & clinics segment is attributed to the growing adoption of medical robotics for various applications including surgery, I.V. preparations, sterilization, logistics, diagnostics, and more.
Medical Robotics Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. The North America medical robotics market accounted for the largest market share in 2022. Key factors attributed to it are the increasing efficiency of medical robots in performing tasks that include surgeries in the geriatric population and mounting cases of trauma injuries are some of the major factors driving the growth of the medical robotics market in the region.
Further, the major countries will be study are: The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: MEDICAL ROBOTICS MARKET BY REGION 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Europe medical robotics market accounted for the second-largest market share due to increasing geriatric population in the developed countries and the globalization of healthcare. Furthermore, the Germany medical robotics market attributed to hold the largest market share, and the France medical robotics market is projected be the fastest growing market in the Europe region.
The Asia-Pacific medical robotics market is expected to be the fastest growing from 2024 to 2032 due to the rising geriatric population and the rise in the demand for minimally invasive and non-invasive surgical procedures. rising geriatric population and the rise in the demand for minimally invasive and non-invasive surgical procedures. Moreover, China medical robotics market accounted to hold the largest market share, and the India medical robotics market is projected to be the fastest growing market in the Asia-Pacific region.
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