Medical Robotics and Computer - Assisted Surgery Market

Executive Summary

Medical Robotics and Computer - Assisted Surgery Market was valued at US $6.94 billion in 2021 and is projected to grow at 13.77% CAGR over the forecast period to reach US $15.05 billion by 2027. Medical Robotics and Computer - Assisted Surgery Market represented US $1.58 billion opportunity over 2019-2021 and estimated to create US $8.11 billion opportunity in 2027 over 2021.

Medical Robotics and Computer - Assisted Surgery from Consainsights analyses the Medical Robotics and Computer - Assisted Surgery Market in the Life Sciences industry over the forecast period to 2027.

Medical Robotics and Computer - Assisted Surgery research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Medical Robotics and Computer - Assisted Surgery segmentation includes Type and Geography.

Based on the Type, the Medical Robotics and Computer - Assisted Surgery analysis covers Surgical robotics market, Rehabilitation robotics market, Noninvasive robotic radiosurgery market, Hospital and pharmacy robots market.

In Type segment, Surgical robotics market segment has highest cagr growth of 12.15%.

Based on the region, the Medical Robotics and Computer - Assisted Surgery analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Intuitive Surgical, Inc., KUKA AG, Hansen Medical Inc., MAKO Surgical Corp. (Stryker Corporation), Accuray Incorporated, Ekso Bionics, Hitachi Medical Systems, Hocoma AG, Siemens Healthcare, Smith and Nephew, Titan Medical Inc., Renishaw plc., Think Surgical, Inc., Blue Belt Technologies, Inc., Stanmore Implants Worldwide Ltd., Mazor Robotics and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Type

Introduction

In 2021, Surgical robotics market segment has the highest revenue of US $2.68 billion and is expected to grow at CAGR of 12.15% by 2027 Surgical robotics market segment has highest cagr growth of 12.15%.

Surgical robotics market

Surgical robotics market segment was valued at US $2.07 billion in 2019 and is projected to grow at 12.15% CAGR over the forecast period to reach US $5.81 billion by 2027. Surgical robotics market segment represented US $0.61 billion opportunity over 2019-2021 and estimated to create US $3.13 billion opportunity in 2027 over 2021.

Rehabilitation robotics market

Rehabilitation robotics market segment was valued at US $1.32 billion in 2019 and is projected to grow at 12.15% CAGR over the forecast period to reach US $3.70 billion by 2027. Rehabilitation robotics market segment represented US $0.39 billion opportunity over 2019-2021 and estimated to create US $1.99 billion opportunity in 2027 over 2021.

Noninvasive robotic radiosurgery market

Noninvasive robotic radiosurgery market segment was valued at US $1.15 billion in 2019 and is projected to grow at 12.15% CAGR over the forecast period to reach US $3.23 billion by 2027. Noninvasive robotic radiosurgery market segment represented US $0.34 billion opportunity over 2019-2021 and estimated to create US $1.74 billion opportunity in 2027 over 2021.

Hospital and pharmacy robots market

Hospital and pharmacy robots market segment was valued at US $0.82 billion in 2019 and is projected to grow at 12.15% CAGR over the forecast period to reach US $2.31 billion by 2027. Hospital and pharmacy robots market segment represented US $0.24 billion opportunity over 2019-2021 and estimated to create US $1.25 billion opportunity in 2027 over 2021.