Myriad Benefits Drive Acceptance of Medical Robots in Diverse Medical Fields Ranging from Surgery, Inpatient Rehabilitation to Laboratory Assistance
The global market
for Medical Robots is projected to reach US$4.3 billion by 2022, driven by the growing
acceptance of robotics in inpatient rehabilitation and surgical procedures supported
by technological advancements and myriad benefits positively influencing
surgical outcomes.
Medical
robotics encompasses robots that find use in various medical applications
including surgery, mobility assistance, rehabilitation, patient monitoring, and
drug administration among others. Over the past decade, robotics technology has
evolved from providing limited medical care to offering a broad range of
functions including patient rehabilitation and surgical procedures with more
efficacy and competence. Future growth in the market will be driven by
factors such as technological advancements aimed at improving surgical outcomes
and bringing down equipment prices to make them affordable.
Surgical robots represents the largest segment with more than 50% of
market share, on account of growing demand for minimally invasive surgery and
increasing adoption of robotic equipment in hospitals. Use of surgical robots
for procedures such as knee and hip implants is led by better patient outcomes,
improved pre-operative planning and guided implementation, reduced blood loss
and fewer adverse events during surgery. The enhanced precision and control
offered by robotic systems allows surgeons to perform procedures such as
prostate surgery while preserving healthy tissue. Introduction of latest
technologic advancements such as 3D-imaging, advanced data recorders, data
analytic systems, HD microscopic cameras, motion sensors, and remote navigation
systems are further expected to drive adoption of medical robots in surgical
procedures. Rehabilitation
robotics is emerging as a key growth area in the field of medical robotics, led
by the ever-increasing demand for rehabilitative care from vulnerable
population groups such as the disabled, elderly, infirm, and paralyzed. Acute
shortage of healthcare workers is also fuelling the need for robotic assistance
and companionship. With aging population contributing towards the increase in various
health ailments including strokes, Cerebral palsy, Multiple sclerosis and
Parkinson’s disease, the potential for growth remains bright.
As stated by the new market research report on Medical
Robots, the United States
represents the largest market worldwide. Asia Pacific is forecast
to emerge as the fastest growing market with a CAGR of 21.3% over the analysis
period, led by factors such as growing focus on highest quality of care at the
lowest cost; the rise in acceptance of and confidence in robotic-assisted
surgeries; steady increase in facilities providing robotic-assisted surgeries; increasing
number of Asian companies, universities and governments entering into
collaboration with international players to develop affordable medical robots;
and acute need to supplement the shortage of medical skills and registered
medical professionals with intelligent machines.
Major players in the market include Accuray Inc., Auris
Health Inc., Epson Robots, Intuitive Surgical Inc., Mazor Robotics Ltd.,
Omnicell Inc., Restoration Robotics Inc., RST Automation LLC, Smith &
Nephew Plc, Stryker Corporation, Titan Medical Inc., and Zimmer Biomet Holdings
Inc., among others.
The
research report titled “Medical
Robots - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends,
mergers, acquisitions and other strategic industry activities of major
companies worldwide. The report provides market estimates and projections in US
dollars for all major geographic markets including the United States, Canada,
Japan, Europe, Asia-Pacific, and Rest of World.
Global Industry Analysts, Inc. 6150
Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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