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Medical Robots Market Projected To Grow With Significant CAGR Over The Forecast Period

Author: Ram Reddy
by Ram Reddy
Posted: May 14, 2018

Global Medical Robots Market: Medical Robots idea is fairly new and it can enable the surgeons to perform surgeries with high precision. Medical robotics is a new and an emerging field of science. There are different medical applications that emerged such as laboratory robots, teleconsultation, telesurgery, rehabilitation robots, remote surgery, surgical robots, to assist deaf and the blind. Medical robots will be used in surgeries to reduce infection risk. Due to the usage of medical robots risks of patients is reduced and accuracy of surgeons will be increased.

Medical robots market driven by mainly their acceptance in diversified fields such as an interventional cardiology, neurology, and orthopedic surgery, among others provides profitable opportunities for the manufacturers in the market. Physicians were assisted by the medical robots to attain precise results in the complex surgeries. Rise in innovative technologies in medical field drive the growth of medical robots market. Need of technical professionals to perform surgeries and being more expensive are the major constraints in the medical robots market.

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The medical robots market is divided on the basis of following topics-

1. Product type

  • Instruments and Accessories
  • Robotic Systems
  • Surgical Robots
  • Rehabilitation Robots
  • Non-invasive Radiosurgery Robots
  • Hospital Automation Robots
  • Pharmacy Automation Robots
  • IV Robots

2. Applications

  • Neurology
  • Orthopedic
  • Cardiology
  • Laparoscopic
  • Pharmacy
  • Others

3. Technologies

  • Gesture Control
  • Machine Vision
  • Speech/Voice Recognition
  • Tactile Sensors

4. End-users

Hospitals, rehabilitation centers, diagnostic centers, radiological centers and research labs.

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And lastly based on geographical regions medical robots market is divided into 5 regions: Latin America, the Middle East and Africa, North America, Asia-Pacific and Europe. North America dominates the global medical robots market owing to increase in awareness in the physicians towards use of innovative technologies creates lucrative opportunities for medical robots manufacturers. Asia-Pacific region is expected to grow due to evolving healthcare infrastructure in the region driving the medical robots market. In Japan, favorable government initiatives such as "robot revolution realization council" provides regulatory reform and support to develop highest level of artificial intelligence technologies in healthcare are expected to contribute growth for the medical robots market in Asia-Pacific region. Some of the key players in medical robots market are Stryker Corporation (U.S.), Vecna Robotics (U.S.), Varian Medical Systems (U.S.), Intuitive Surgical, Inc. (U.S.), Kirbey lester (U.S.), Hocoma AG (Switzerland), Houston Medical Robotics, Inc. (U.S.), Kinova Robotics (Canada), IRobot Corporation (U.S.)and Otto Bock Healthcare (Germany). In 2014, Intuitive Surgical, Inc. its da Vinci Sp Surgical System received U.S. FDA 510(k) clearance. While in 2013, iRobot received 510(k) clearance from U.S.FDA for its RP-VITA, robot with an autonomous navigation remote first of its kind.

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Currently, robotic surgeries are performed for gynecological, urological, orthopedic, neurological, and gastrointestinal diseases.The scope and application of surgical robots usage is expected to increase over the years owing to their accuracy. Many leading medical device manufacturers enter into the medical robots market by acquiring small-scale surgical robotic system manufacturers. For instance, in 2013, Stryker Corporation has acquired Mako Surgical Corp. and in 2016, Smith & Nephew has acquired Blue Belt Technology that are popular surgical robotic system manufacturers for orthopedic surgeries. Rehabilitation robotics is yet another emerging concept in medical robotics and computer-assisted surgery industry. The involvement of robotic technology in the treatment and rehabilitation of paralyzed and amputees taken the healthcare sector to another level. Several companies now focus on developing advanced robotic prosthetics, orthotics, and exoskeleton. Increase in demand for advanced treatment methods for various severe diseases, increase in prevalence of cardiac and neurological disorders and cancer provides robust market growth. Favorable government regulations boost healthcare assistive robots market growth. For instance, Technology-related Assistance for Individuals with Disabilities Act (1988) stimulated the development of assistive technology devices by providing funds to the states. Growing awareness coupled with increase in efforts to promote robotic research will fuel growth of the medical robots market.

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Author: Ram Reddy

Ram Reddy

Flag of United Kingdom
United Kingdom

Member since: May 02, 2018
Published articles: 57

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