The medical robots market is projected to grow at a high growth rate during 2018-2023
The recent study on the medical robots market covers in-depth analysis of the market on the basis of product, application, and geography. The report also covers the country level analysis within the regions as well. In addition, the report covers the key trends in the market along with drivers and restraints during the forecast period 2018-2023. According to the report titled “Medical Robots Market - Forecasts From 2018 To 2023”, the market is expected to surge at a high CAGR during the projected period. The report has segmented the medical robots market by product as surgical robotic systems, rehabilitation robotic systems, pharmacy robotics systems, non-invasive radiosurgery robotics systems; by application as laparoscopy, neurosurgery, dispensing medicines, orthopedics surgery and others; and by geography as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. The demand for medical robots’ market is growing during the forecast period owing to the rising healthcare expenditure, technological advancements, issuance of IPOs by the medical robots’ companies and increased funding for the medical robots. Furthermore, growing adoption of minimally invasive surgeries and a wide application of medical robots in rehabilitation therapies, surgeries, and sanitation and disinfection activities among others will drive the market growth in the forecast period and beyond.
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Growing adoption of minimally invasive surgeries will drive the market growth during the forecast period and beyond.
Minimally invasive surgical procedures provide a sustainable opportunity for the global medical robots market to grow during the forecast period and beyond. A minimally invasive procedure helps the patients to recover fast as the incision made is very small in comparison to a normal surgery, and the healing is also much faster. After the procedure is over, a patient’s hospital stay is reduced and that too with minimum scars. Also, the blood loss during surgery is highly prevented, and the chances of complications post-surgery are highly reduced. Benefits like this will aid the demand for minimally invasive surgeries, in turn rising the demand for medical robots during the forecast period.
North America and Europe are expected to hold a significant market share.
The statistical evaluation reveals that almost 38% of the professional service robots originated from Europe with most field robots produced in Europe (about 91% of the global supply in 2015). Some 55% of all service robots for professional use came from the Americas, most of them being defense-related robots. In the field of medical robotics, Europe (with 48%) and America (with 51%) are almost equal (source: euRobotics AISBL). The drivers for the global medical robots’ market include the use of minimally invasive surgeries, high healthcare expenditure, early adoption of innovations and well-established healthcare infrastructure. Also, technological advancements in the field of medical robotics in addition to the rising number of applications of medical robots as surgical assistants, rehabilitation robots, medical transportation robots, sanitation, and disinfection robots will drive the market growth in the forecast period and beyond.
Some of the major players discussed in the reports are Intuitive Surgical, Inc., Stryker, and Ekso Bionics Europe GmbH among others.
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