The North America medical robots market is expected to grow from US$ 3,982.30 million in 2022 to US$ 11,112.23 million by 2028; it is estimated to grow at a CAGR of 18.7% from 2022 to 2028.
The medical robots market is experiencing various changes in the technology landscape that enable players to develop innovative products. State-of-the-art products may assist in conferring improved health conditions, thereby allowing people to live better lives. Leading companies consolidate the market through various R&D activities to offer modern products. For instance, in December 2021, Inrobics Social Robotics introduced an AI-based robotic device to aid health rehabilitation. Further, in November 2019, Toyota Motor Corporation (Toyota) introduced the Welwalk WW-2000, a robot aimed to assist patients with lower-limb paralysis caused by stroke or other causes. Hence, the rising product launches are supporting market expansion across the region. Moreover, the surging number of surgical procedures is expected to drive the market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America medical robots market. The North America medical robots market is expected to grow at a good CAGR during the forecast period.
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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 3,982.30 Million |
| Market Size by 2028 | US$ 11,112.23 Million |
| CAGR (2022 - 2028) | 18.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America Medical Robots Market is valued at US$ 3,982.30 Million in 2022, it is projected to reach US$ 11,112.23 Million by 2028.
As per our report North America Medical Robots Market, the market size is valued at US$ 3,982.30 Million in 2022, projecting it to reach US$ 11,112.23 Million by 2028. This translates to a CAGR of approximately 18.7% during the forecast period.
The North America Medical Robots Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Medical Robots Market report:
The North America Medical Robots Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Medical Robots Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Medical Robots Market value chain can benefit from the information contained in a comprehensive market report.
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