According to The Insight Partners’ research, the global Medical Robots Market was valued at US$ 5,740.8 million in 2017 and is likely to hit US$ 28,776.5 million by 2025, expanding at 22.3% CAGR from 2017 to 2025. Increasing training programs for robotic surgeries, development of medical robots in Asia, and rising number of surgical procedures are the crucial factors credited for market expansion.

The use of robots is increasing in all the medical disciplines, such as surgeries, therapies, rehabilitation, dispensing, and sanitation. Surgical robots are used to treat and repair damaged tissues and severe injuries, mostly in defense patient cases. In American Air Force, medical service provides training to the surgical teams to learn robotic treatments. The Society of European Robotic gynecological Surgeries (SERGS) has standardized treatments that use robot-assisted laparoscopic surgery. Thus, training medical personnel for robot-equipped practices is significantly surging.

The advent of medical robots has been increasing in Asia after being used in military and agriculture domains. Medical devices manufacturing companies in most of the developing Asian economies are investing to develop advanced medical robots for various purposes. The Tianjin University, based in China, developed a surgical robot, Micro Hand S, which went under clinical trials for human during 2014–2015. Also, the University of Hong Kong has been developing a robot exclusively for abdominal surgeries.

The statistics provided by Intuitive Surgical, Inc in 2017 stated that almost 877,000 surgical procedures were carried out by Da Vinci Surgical Systems, a medical robot application. According to the Agency for Healthcare Research and Quality (AHRQ) data, approximately 21.8 million invasive therapeutic surgeries were performed in the US in 2014. Owing to the advantages offered by medical robots in surgeries, various companies are availing the advanced robotic products to be used in the treatment and diagnosis of complex procedures. These factors altogether spurred the growth of global medical robots market.

On the contrary, the high cost of surgical procedures and installations hinders the growth of global medical robots market.