North America Medical Robots Market Outlook (2022โ2028)
The North America medical robots market is projected to grow from US$ 3,982.30 million in 2022 to US$ 11,112.23 million by 2028, at a CAGR of 18.7% during the forecast period.
This market is witnessing rapid technological advancements, enabling companies to develop innovative, next-generation robotic solutions that enhance healthcare outcomes. These cutting-edge medical robots are improving treatment precision, patient rehabilitation, and surgical efficiency, ultimately supporting better health and quality of life.
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Key industry players are focusing on R&D initiatives and product launches to strengthen their market presence. For example:
- In December 2021, Inrobics Social Robotics launched an AI-powered robotic device designed for health rehabilitation.
- In November 2019, Toyota Motor Corporation introduced the Welwalk WW-2000, a robotic system developed to assist patients suffering from lower-limb paralysis due to stroke or other conditions.
The increasing number of surgical procedures across North America is also driving demand for medical robots, especially in minimally invasive and orthopedic surgeries.
Additionally, new features and innovations are helping vendors tap into emerging markets and attract new customers, further accelerating growth in the region.
With these advancements, the North America medical robots market is poised for robust expansion through 2028.
North America Medical Robots Strategic Insights
Strategic insights for the North America Medical Robots provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Medical Robots Report Scope
Report Attribute | Details |
Market Size (2022) | US$ 3,982.30 Million |
Market Size (2028) | US$ 11,112.23 Million |
Global CAGR (2022โ2028) | 18.7% |
Historical Data | 2020โ2021 |
Forecast Period | 2023โ2028 |
Segments – By Product | Surgical Robots, Hospital & Pharmacy Robots, Rehabilitation Robots, Non-Invasive Radiosurgery Robots |
Segments – By Application | Laparoscopy, Neurology, Orthopedics, Gynecology, Urology, Cardiology |
Segments – By End User | Hospitals, Ambulatory Surgical Centers |
Regions Covered | North America (US, Canada, Mexico) |
Key Companies | Accuray, ARxIUM, Auris Medical, Ekso Bionics, Hocoma, Intuitive Surgicals, Kirby Lester, Medtronic, Omnicell, Stryker |
North America Medical Robots Regional Insights
The geographic scope of the North America Medical Robots refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Medical Robots Market Segmentation
The North America medical robots market is segmented based on product, end user, application, and country. Based on product, the North America medical robots market is segmented into surgical robots, hospital & pharmacy robots, rehabilitation robots, non-invasive radiosurgery robots, and others. The surgical robots segment dominated the market in 2022. Based on application, the North America medical robots market is segmented into laparoscopy, neurology, orthopedics, gynecology, urology, cardiology, and others. The laparoscopy segment dominated the market in 2022. Based on end user, the North America medical robots market is segmented into hospitals, ambulatory surgical centers and others. The hospitals segment dominated the market in 2022. Based on country, the North America medical robots market has been segmented into the US, Canada, and Mexico. The US would dominate the market in 2022.
Accuray Incorporated, ARxIUM, Auris Medical, Ekso Bionics, Hocoma AG, Intuitive Surgicals, Kirby Lester, Medtronic, Omnicell Inc., and Stryker Corporation are among the leading companies in the North America medical robots market.
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Authorโs Bio
Akshay
Senior Market Research Expert at Business Market Insights