Medical Robots Market to reach USD 57.0 billion by 2032 and grow at a CAGR of 16.06%.

The medical robots market is witnessing significant growth with the evolution of technology in its core forms, healthcare automation, enhanced funding, and the development of healthcare infrastructure. This trend of growth is further spurred by an increase in chronic diseases and population aging in the world. Growth is due to the high demand for the reduction of medication errors and improvement in precision for laparoscopic and other surgeries. For instance, the increasing levels of trauma injuries and the requirement for various surgical interventions among the aging population have given medical robots a place in high demand. There is a significant shift toward minimally invasive surgeries (MIS) compared to traditional open surgical procedures across the world, thus increasing the market opportunities available for the use of medical robots and promoting sales. It has been estimated that in the forecasting period, medical robotics will experience steady growth due to better advancements in the field of laparoscopic robotics and the introduction of procedure-specific new robots.