Spain Medical Robotics Market Size, Share, and COVID-19 Impact Analysis, By Type of Surgical Procedures (General Surgery, Orthopedic Surgery, Abdominal and Pelvic Surgery, Urologic Surgery, and Other Surgeries), By End User (Hospitals, Surgery Centers, Diagnostic Labs, and Others), and Spain Medical Robotics Market Insights, Industry Trend, Forecasts to 2033
Industry: HealthcareSpain Medical Robotics Market Insights Forecasts to 2033
- The Spain Medical Robotics Market Size Was Valued at USD 233.5 Million in 2023.
- The Spain Medical Robotics Market Size is Growing at a CAGR of 13.25% from 2023 to 2033
- The Spain Medical Robotics Market Size is Expected to reach USD 810.5 Million By 2033
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The Spain Medical Robotics Market Size is Anticipated to Exceed USD 810.5 Million by 2033, Growing at a CAGR of 13.25% from 2023 to 2033. The growing demand for minimally invasive surgeries, technological advancements in robotics, and government support & investment in healthcare technology are driving the growth of the medical robotics market in the Spain.
Market Overview
The medical robotics market refers to the industry encompassing the development, manufacturing, and sale of robotic systems used in healthcare settings to assist medical professionals in various tasks. Medical robotics involves the use of robots in healthcare settings, from surgery and rehabilitation to logistics and even patient care. The application of robotics in healthcare and advancements in robotics technology are the factors that drive the market for medical robotics. Further, the increasing demand for automation in healthcare and advancements in healthcare funding & infrastructure, driven by the increasing prevalence of chronic diseases and an aging population, are promoting the growth in the medical robotics market. The emergence of minimally invasive surgeries, which are performed by surgical robots, is offering a market growth opportunity.
Report Coverage
This research report categorizes the market for the Spain medical robotics market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Spain medical robotics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Spain medical robotics market.
Spain Medical Robotics Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 233.5 Million |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 13.25% |
2033 Value Projection: | USD 810.5 Million |
Historical Data for: | 2019-2022 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 115 |
Segments covered: | By Type of Surgical, By End User and COVID-19 Impact Analysis |
Companies covered:: | Stryker, Intuitive Surgical, Abbott Laboratories, Cyberdyne, Auris Health, Renishaw, Mako Surgical, KUKA Robotics, Zimmer Biomet, Siemens Healthineers and others key players. |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The use of medical robotics in minimally invasive surgery to perform procedures through small incisions with enhanced precision and control is propelling the medical robotics market. Technological advancements in robotics for better surgical precision, better patient rehabilitation by providing enhanced precision and visualization, are driving the market growth. Government support and investment in healthcare technology, like electronic health records (EHRs), telemedicine, and e-prescriptions, are promoting the market. The adoption of telemedicine and remote healthcare solutions, as well as robotic rehabilitation solutions, is escalating the market growth. The expanding applications in elderly care, including physical assistance with mobility and daily tasks to emotional support and cognitive stimulation through social robots, are driving the market demand.
Restraining Factors
The increased costs of medical robotics, as well as the lack of skilled surgeons, limit its adoption, particularly in smaller healthcare facilities and resource-constrained regions are hampering the medical robotics market.
Market Segmentation
The Spain medical robotics market share is classified into type of surgical procedures and end user.
- The orthopedic surgery segment dominated the Spain medical robotics market and is anticipated to grow at the fastest CAGR during the projected period.
The Spain medical robotics market is segmented by type of surgical procedures into general surgery, orthopedic surgery, abdominal and pelvic surgery, urologic surgery, and other surgeries. Among these, the orthopedic surgery segment dominated the Spain medical robotics market and is anticipated to grow at the fastest CAGR during the projected period. Medical robotics in orthopaedic surgery involves the treatment of osteoarthritis as well as procedures such as joint replacements and spinal surgery. The shifting company’s focus on forming an open system and the development of orthopaedic surgical robots that consume less space are the factors driving the market in the orthopaedic surgery segment.
- The hospitals segment dominated the Spain medical robotics market in 2023 and is anticipated to grow at a significant CAGR during the projected period.
The Spain medical robotics market is segmented by end user into hospitals, surgery centers, diagnostic labs, and others. Among these, the hospitals segment dominated the Spain medical robotics market in 2023 and is anticipated to grow at a significant CAGR during the projected period. Medical robotics in hospitals is used for assisting surgeons during complex procedures to automate logistics and improve patient care. The increased adoption of medical robots by surgeons in hospitals due to reduced operating time, better accuracy, and precision during surgery is propelling the market in the hospitals segment.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Spain medical robotics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Stryker
- Intuitive Surgical
- Abbott Laboratories
- Cyberdyne
- Auris Health
- Renishaw
- Mako Surgical
- KUKA Robotics
- Zimmer Biomet
- Siemens Healthineers
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In November 2024, Honda Research Institute Japan Co., Ltd., a Honda R&D subsidiary responsible for the research of cutting-edge technologies, officially introduced its AI-powered social robot named “Haru” at the Virgen del Rocio University Hospital (HUVR) in Spain.
- In June 2023, the Hospital Clinic Barcelona successfully performed the first surgeries with Bitrack, the surgical robot created by the Catalan company, Rob Surgical.
- In April 2023, A Spanish hospital carried out a lung transplant using a pioneering technique with a robot and a new access route that no longer requires cutting through bone.
Market Segment
This study forecasts revenue at Spain, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Spain medical robotics market based on the below-mentioned segments:
Spain Medical Robotics Market, By Type of Surgical Procedures
- General Surgery
- Orthopedic Surgery
- Abdominal and Pelvic Surgery
- Urologic Surgery
- Other Surgeries
Spain Medical Robotics Market, By End User
- Hospitals
- Surgery Centers
- Diagnostic Labs
- Others
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