Asia-Pacific Medical Robots Market Research Report: Forecast (2024-2030)

Market Definition

Surgical robots remain among the few leading-edge innovations that have currently transformed the healthcare sector with their precise assistance in executing an array of medical procedures. Surgical robots enable minimally invasive surgeries with advanced precision and shortened recovery periods and rehabilitation robots assist in the recovery of patients from injury.

Market Insights & Analysis: Asia-Pacific Medical Robots Market (2024-30):

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 fast-growing geriatric population across countries, such as India, Japan, etc., has contributed to the market growth. According to the United Nations, the number of elderly population is supposed to increase from around 630 million in 2020 to about 1.3 billion by 2050 in the Asia-Pacific region.

Similarly, improvement in outcomes of procedures due to medical robots is expected to increase in the coming years to reduce the cost of the same & diminish the associated risk in the process. In line with this, growing investments and rising funding that the governments across the countries have gained in the deployment of medical robots, in turn, depicted a positive impact on the growth of the Asia-Pacific Medical Robot Market. For instance:

• In 2024, around USD 7 million in funds was allocated to the Regional Cancer Centre in Kerala, India, as part of the government's Rebuild Kerala Initiative, for setting up a robotic surgery facility.

Other than this, the growing consumer shift toward minimally invasive surgeries has encouraged the deployment of medical robots across Asia Pacific healthcare units. Furthermore, increasing road accidents across Asia-Pacific countries like India, Thailand, etc., have been another driving factor for the medical robot market in the region. Road accidents due to increasing road congestion and irresponsible driving behavior have been increasing enormously across the region. This has resulted in growing cases of injured patients who are admitted across the hospitals. As these patients require wound-related surgeries, medical robots have been one of the most effective ways to perform them.

Also, medical robots have been largely preferred in wound surgeries, as they ensure complete sanitation, and help healthcare professionals avoid any kind of infections during the surgeries. Hence, as the number of road accidents grows across the region, the demand for medical robots is anticipated to amplify further in the coming years.

Asia-Pacific Medical Robots Market Driver:

Increasing Instances of Medical Error – In recent years, Asia-Pacific countries such as India, Australia, etc., have been experiencing a surge in several deaths related to medical errors. Human error in medical procedures related to diagnosis, medicine prescription, or surgeries has been accelerating the instances of harmed patients. This growing need to cater to the increasing number of patients and reduce medical error injuries has been contributing to the growing adoption of medical robots for these purposes.

Also, the cases of patients with chronic diseases, accidents, etc., have been accelerating in the region, which requires medical care. The increasing number of patients also requires an increment in healthcare professions, which has been lacking across the region. Consequently, this has been further exacerbating the instances of medical errors, and healthcare professionals have to look after several cases in a day. This is further expected to accelerate the demand for medical robots across the regional market.

Asia-Pacific Medical Robots Market Challenge:

Lack of Skilled Labour Across the Region – Medical robots are highly advanced technology that requires skilled labor to operate these devices. Also, these robots require consistent maintenance and service as they are highly critical for patient care across medical facilities. However, Asia-Pacific countries lack skilled labor forces, owing to which, the adoption of medical robots has been limited across the region. In addition to maintenance, the operation of surgical robots is also highly critical and requires specific training for the individuals who would operate them. Hence, the region also lacks medical professionals eligible to operate the surgical robots. Consequently, the lack of skilled labor has been hampering the adoption of medical robots across the region.

Asia-Pacific Medical Robots Market Trend:

Growing Medical Tourism in Asia-Pacific Countries – Countries in the Asia-Pacific region are mainly famous for their ability to deliver high-quality medical care at much lower costs compared to Western countries, and hence, medical tourism has been growing across the region. The countries have been adopting the transformation in their health sector through technologically advanced equipment and services in health units gradually. Thus, the growing focus of the countries to enhance their medical sector is also encouraging the adoption of medical robots.

Moreover, different governments of Asia-Pacific are heavily investing in the healthcare sector by building new hospitals and funding the robotic surgery division, among others. This would further boost medical tourism across the region, thereby enhancing the overall market growth of medical robots in the Asia-Pacific.

Asia-Pacific Medical Robots Market (2024-30): Segmentation Analysis

The Asia-Pacific Medical Robots Market study by MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the regional level. As per the analysis, the market has been further classified as:

Based on the Product Type:

• Surgical Robots
• Rehabilitation Robots
• Hospital & Pharma Robots
• Telepresence Robots
• Others (Medical Transportation Robots, Cleanroom Robots, etc.)

Surgical Robots segments have been gaining substantial market share, owing to their extensive applications in several diseases like CVD, and cancer, among others. Also, the instances of chronic diseases like osteoarthritis are growing across the APAC countries. For instance:

• The Australian Bureau of Statistics revealed that around 3.7 million Australians suffered from arthritis in 2022.

Hence, as chronic disease cases are growing, the demand for effective, safe, and less invasive surgeries has also risen, which has been driving the demand for surgical medical robots across the APAC region. This is mainly due to the high level of precision offered by medical robots to perform invasive surgeries, especially in chronically diseased patients. Also, these surgical medical robots are effectively sanitized, owing to which they also reduce the chances of hospital-acquired infections among consumers.

Based on the Hospitals:

• Hospitals & Clinics
• Rehabilitation Centers
• Ambulatory Surgical Centers
• Others (Pharmacies, Nursing Homes, etc.)

Hospitals & Clinics held the maximum market share among the different applications. In the past few years, the development of advanced hospitals and clinics has increased, especially in countries such as India, China, and Australia, among others. These technically advanced hospitals prefer automated solutions in their facilities, which enhances their patient outcome. Therefore, as medical robots are one of the prominent components in the development & advancement of medical facilities, their adoption has enhanced across hospitals & clinics over the years.

Asia-Pacific Medical Robots Market (2024-30): Regional Projection

Geographically, the Asia-Pacific Medical Robots Market expands across:

• China
• Japan
• Australia
• South Korea
• India
• Rest of Asia-Pacific

The India Medical Robots Market has shown amazing growth, including the dominance of the market. This dominance has been attributed to the large geriatric population of the country. The World Bank Organization has also announced that India is expected to see a substantial rise in old-age population in the coming years. The consumers in the old-age group are highly susceptible to diseases, such as osteoarthritis, prostate cancer, cardiovascular diseases, etc. This has resulted in higher numbers of patients undergoing surgical procedures. In turn, these have fostered growth in the India Medical Robots Market.

Apart from that, medical robots such as surgical robots are increasingly being adapted and installed by hospitals in their infrastructural facilities in India to overcome different kinds of challenges in healthcare delivery systems. For example, in 2023 CK Birla Hospital in India installed Intuitive's fourth-generation robotic-assisted technology that aids in surgery to provide patients with precision & better patient outcomes. This would support the growth of the India Medical Robots Market.

Asia-Pacific Medical Robots Industry Recent Development:

• 2024: Intuitive Surgical received approval from regulatory authorities in China to market its Ion surgical robot system.
• 2024: Medicaroid Corporation announced it received regulatory approval from the Japanese Ministry of Health, Labor and Welfare (MHLW) for the use of the hinotori Surgical Robot System in thoracic surgery.

Gain a Competitive Edge with Our Asia-Pacific Medical Robots Market Report

• The Asia-Pacific Medical Robots Market Report by Markntel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• The Asia-Pacific Medical Robots Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.