Asia-Pacific Medical Robots Market Set to Soar: Valued at USD 4.12 Billion in 2023, Projected to Reach USD 12.05 Billion by 2030 with a CAGR of 17.20%

The Asia-Pacific Medical Robots Market size was valued at USD 4.12 billion in 2023 & is projected to reach USD 12.05 billion by 2030. The market is also estimated to grow at a CAGR of around 17.20% during the forecast period, i.e., 2024-30. The growing geriatric population in Asia-Pacific has been attributed to the market growth of medical robots.

Furthermore, it is recorded that owing to a variety of operative and patient factors such as prolonged stays within the healthcare settings and long-complicated surgeries, there has been a significant rise in Hospital Acquired Infections (HAIs) within Asian Healthcare settings. Thus, healthcare facilities like hospitals in this region have been utilizing medical cleaning and disinfection robots, which limit pathogen exposure, hence cutting down HAIs. With that, growth in the Asia-Pacific Medical Robots Market has influenced.

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Nonetheless, the increasing internet penetration and enhanced need for comfort have been accelerating the adoption of remote and telemedicine services, hence, the demand for teleoperated robots for various purposes in healthcare has surged. With the rising inclination of healthcare units on such systems, the companies have also initiated working on the development of these systems. For instance,

• in 2024, Robotic surgery firm SS Innovations announced that the company would start the first human trials for remote telesurgery in India.

These systems would present health professionals with the ability to remotely perform operations on patients, especially in Asia-Pacific regions, where there has been a large burden of diseases requiring surgeries and a shortage of skilled professionals. Therefore, teleoperated robots are expected to bring new opportunities for the growth of the market, further states the research report, “Asia-Pacific Medical Robots Market Analysis, 2024.”

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Asia-Pacific Medical Robots Market Segmentation Analysis

Surgical Robots Dominated the Asia-Pacific Medical Robots Market

Based on the product type segment, the market is further categorized into Surgical Robots, Rehabilitation Robots, Hospital & Pharma Robots, Telepresence Robots, and Others. The Surgical Robots have demonstrated satisfactory growth in Asia-Pacific Medical Robots Market. It is attributed to chronic disease prevalence in the region, which puts patients under surgical procedures as part of treatment. Surgical robots have seen a growing demand in the performance of various surgical procedures across the region.

Also, it has been proven to be effective in performing surgeries like total knee replacement, radical prostatectomy, etc., which has further enhanced its adoption. Further, the occurrence of hospital-acquired infections and surgical errors has grown the market in this segment and is expected to escalate in the forecast years as well.

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India Witnessed Growth in the Asia-Pacific Medical Robots Market

Geographically, India has been substantially experiencing growth in the Asia-Pacific Medical Robot Market, mainly influenced by the upscaling old-age population in this region. This population is largely prone to disorders like osteoarthritis, cancer, hearing disorders, etc., which require medical attention and surgical procedures. Hence, these factors have been driving the demand for medical robots across the region to perform minimally invasive surgeries, which have been facing increased demand.

In addition, Indian players are also focusing on the introduction of highly effective medical robots that can cater to the increasing needs of rehabilitation therapy for stroke patients. Hence, with the presence of advanced medical robot solutions in the region, the market is projected to grow further in the upcoming years.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Intuitive Surgical Operations, Inc., Medtronic plc, Siemens Healthneers, Stryker, Accuray Incorporated, Aethon, Inc., Asensus Surgical, Johnson & Johnson Services, Inc., Bionik Labs, Globus Medical, Trivitron Healthcare, and Others are looking forward to strengthening their market position.

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Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Asia-Pacific Medical Robots Market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across the region?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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