North America Medical Robots Market, By Type (External Large Robots, Geriatric Robot, Assistive Robots, Miniature in Vivo Robots), Product (Surgical Robots, Rehabilitation Robots, Hospital and Pharmacy Robots, Bio Robotics, Non-invasive Radio Surgery Robots, Telepresence Robots, Medical Transportation Robots, Sanitation and Disinfectant Robots), Modality (Compact, Portable), Components (Actuators, Sensors, Robot Controller, Patient Cart, Surgeon Console, Vision Cart, Dispensing System and Additional Products), Application (Research, Clinic, Pharmacy, and Others), End User (Hospitals, Specialty Clinics, Research Institutes, Ambulatory Surgical Centers, Laboratories, Rehabilitation Centers, and Others), Distribution Channel (Direct Tender, Retail Sales, Third Party Distributors, Others), Country (U.S., Canada, Mexico) - Industry Trends and Forecast to 2030.
North America Medical Robots Market Analysis and Size
Medical robots refer to a wide range of robotic systems and devices used in the field of healthcare and medicine. These robots are designed to assist healthcare professionals in various tasks, such as surgery, diagnostics, rehabilitation, and patient care. They can be autonomous or operated remotely by a human operator. These can be surgical robots, rehabilitation robots, robotic prosthetics etc.
Data Bridge Market Research analyses that the North America medical robots market which was USD 6,339.07 million in 2022, would rocket up to USD 15,472.48 million by 2030, and is expected to undergo a CAGR of 11.8% during the forecast period. This indicates that the market value of external large robots dominates the product segment of the medical robots market owing to the growing prevalence of cancer cases. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
North America Medical Robots Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (External Large Robots, Geriatric Robot, Assistive Robots, Miniature in Vivo Robots), Product (Surgical Robots, Rehabilitation Robots, Hospital and Pharmacy Robots, Bio Robotics, Non-invasive Radio Surgery Robots, Telepresence Robots, Medical Transportation Robots, Sanitation and Disinfectant Robots), Modality (Compact, Portable), Components (Actuators, Sensors, Robot Controller, Patient Cart, Surgeon Console, Vision Cart, Dispensing System and Additional Products), Application (Research, Clinic, Pharmacy, and Others), End User (Hospitals, Specialty Clinics, Research Institutes, Ambulatory Surgical Centers, Laboratories, Rehabilitation Centers, and Others), Distribution Channel (Direct Tender, Retail Sales, Third Party Distributors, Others)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Asensus Surgical Inc (U.S.), Kuka AG (Germany), ARxIUM (U.S.), Intuitive Surgicals (U.S.), Medtronic (Ireland), Auris Health (U.S.), Ekso Bionics (U.S.), Capsa Healthcare (U.S.), ReWalk Robotics (Israel), Renishaw plc (U.K.), Hocoma (Switzerland), Paro Robots U.S., Inc. (U.S.), Yukai Engineering Inc. (Spain), Stryker (U.S.), Accuray Incorporated (U.S.), Corindus (a siemens healthineers company) (U.S.), CMR Surgical Ltd. (U.K.), and Stereotaxis, Inc. (U.S.)
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Market Opportunities
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Market Definition
Medical robots are essential in advancing healthcare by improving surgical precision, enabling minimally invasive procedures, enhancing patient safety, increasing efficiency, and expanding access to quality care. Continued research and development in the field of medical robotics hold the potential to further revolutionize medical practice and improve patient outcomes.
North America Medical Robots Market Dynamics
Drivers
- Increasing prevalence of chronic diseases
The growing prevalence of chronic diseases in current world is directly influencing the demand for specific diagnostics that offer more precision. Medical robots being the specialized and precise technique for the treatment is emerging as promising technique. This in turn has carved the way for the growth of the market.
- Increasing demand for minimally invasive surgery
Minimally invasive procedures are preferred due to their advantages over traditional open surgeries, such as smaller incisions, reduced blood loss, faster recovery times, and shorter hospital stays. Surgical robots enable surgeons to perform minimally invasive surgeries with enhanced precision and control, contributing to their growing adoption in North America.
- Surge in telemedicine
The COVID-19 pandemic has accelerated the adoption of telemedicine in North America. Telepresence robots have played a crucial role in remote healthcare services, facilitating virtual consultations, remote monitoring, and even tele operated surgeries. The increased reliance on telemedicine has driven the demand for telepresence robots in the region.
- Strong healthcare infrastructure and investments
North America has a robust healthcare infrastructure and a high level of healthcare spending. The region has well-established hospitals, research institutions, and healthcare systems that encourage the adoption of advanced medical technologies. The availability of funding and investments in healthcare and robotics further supports the growth of the medical robots market in North America.
Opportunities
- Expansion of robotic applications
There is immense potential for expanding the applications of medical robots in various healthcare domains. As technology continues to evolve, medical robots can be developed and optimized for new procedures, specialties, and patient populations. For instance, the use of robots in fields such as ophthalmology, orthopedics, and cardiology can be further explored and refined.
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Artificial intelligence integration
Integrating artificial intelligence (AI) with medical robots can unlock new possibilities for automation, decision-making, and personalized care. AI algorithms can enable robots to analyze patient data, assist in surgical planning, improve diagnostic accuracy, and adapt their actions based on real-time feedback. The combination of AI and medical robots can lead to more efficient and precise interventions.
Restraints/Challenges
- High Costs of medical robots
Medical robots, particularly surgical robots, can be expensive to purchase, install, and maintain. The high initial investment and ongoing costs associated with medical robots can be a significant restraint for healthcare providers, especially smaller healthcare facilities with limited budgets. The cost factor can hinder the adoption and widespread use of medical robots, particularly in resource-constrained settings.
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Regulatory Challenges
Medical robots are subject to rigorous regulatory requirements and approval processes, particularly in terms of safety and effectiveness. Obtaining regulatory clearances or approvals from organizations such as the U.S. Food and Drug Administration (FDA) can be time-consuming and costly. Compliance with changing regulations and standards adds complexity and can pose challenges for manufacturers and developers.
This North America medical robots market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the North America medical robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In October 2022, according to an article published in Current Robotics Reports, surgical robots take up to 51% role in all the robotics in healthcare
- In 2019, according to Intuitive Surgicals, approximately 5,600 da Vinci Surgical Systems had been installed worldwide, with the majority in the United States
North America Medical Robots Market Scope
The North America medical robots market is segmented on the basis of type, product, modality, components, application, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- External Large Robots
- Geriatric Robot
- Assistive Robots
- Miniature in Vivo Robots
Product
- Surgical Robots
- Rehabilitation Robots
- Hospital and Pharmacy Robots
- Bio Robotics
- Non-invasive Radio Surgery Robots
- Telepresence Robots
- Medical Transportation Robots
- Sanitation and Disinfectant Robots
Modality
- Compact
- Portable
Components
- Actuators
- Sensors
- Robot Controller
- Patient Cart
- Surgeon Console
- Vision Cart
- Dispensing System
- Additional Products
Application
- Research
- Clinic
- Pharmacy
- Others
End User
- Hospitals
- Specialty Clinics
- Research Institutes
- Ambulatory Surgical Centers
- Laboratories
- Rehabilitation Centers
- Others
Distribution Channel
- Direct Tender
- Retail Sales
- Third Party Distributors
- Others
North America Medical Robots Market Regional Analysis/Insights
The North America medical robots market is analysed and market size insights and trends are provided by country, type, product, modality, components, application, end user and distribution channel. as referenced above.
The countries covered in the North America medical robots market report are U.S., Canada and Mexico in North America.
U.S. dominates the North America medical robots market because of the rising prevalence of chronic diseases in region, increasing demand for minimally invasive surgery, and surge in tele medicine.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The North America medical robots market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for North America medical robots market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the North America medical robots market. The data is available for historic period 2010-2020.
Competitive Landscape and North America medical robots Market Share Analysis
The North America medical robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America medical robots market.
Some of the major players operating in the North America medical robots market are:
- Asensus Surgical Inc (U.S.)
- Kuka AG (Germany)
- ARxIUM (U.S.)
- Intuitive Surgicals (U.S.)
- Medtronic (Ireland)
- Auris Health (U.S.)
- Ekso Bionics (U.S.)
- Capsa Healthcare (U.S.)
- ReWalk Robotics (Israel)
- Renishaw plc (U.K.)
- Hocoma (Switzerland)
- Paro Robots U.S., Inc. (U.S.)
- Yukai Engineering Inc. (Spain)
- Stryker (U.S.)
- Accuray Incorporated (U.S.)
- Corindus (a siemens healthineers company) (U.S.)
- CMR Surgical Ltd. (U.K.)
- Stereotaxis, Inc. (U.S.)
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