Medical Robotics Market, Analysis and Forecast through 2024

Preamble:

Since early 1980s, robotics has been in use in the medical sector, though in a restricted manner with doubts in mind about their capability and safety concern. With each passing year since then, medical robotics is slowly overpowering many surgical procedures such as neurosurgeries, orthopaedics, minimally invasive surgeries and many others (performed by healthcare professionals). Their clean, precise, up to the mark work without failis impressing the healthcare market on a global basis.It has been estimated that the medical robotics market has the iron power to change the healthcare field scenario, both structure & operation wise across the globe.

Henceforth, medical robotics market is expected to grow with untapped opportunities in the coming forecast period. This is inspiring more new robotics companies to invest in this field with great enthusiasm.

Market growth:

Medical robotics market is ultimately going to improve the conventional  mode of surgical procedures(especially in case of spinal and orthopaedic surgeries) ; in terms of maintaining accuracy in performing repetitive tasks, thereby allowing healthcare professionals to deviate more time on patients. Insufficient number of physicians along with the rapid population growth has also established urgency of supportive help in form of healthcare robots.

Nursing, surgical robots, hospital logistics robots, disinfectant robots, exoskeleton robots and many other robot types fall into medical robotics industry. A large number of robot manufacturers are constantly investing in research& advancement process to widen their array of applications along with cost reduction.

Segmentation:

Segmentation based on Product:

Based on product, the medical robotics market is segmented into two types namely ‘instruments& accessories’ and ‘medical robot systems’. This medical robot systems segment is further subdivided into surgical robots,rehabilitation robots, hospital & pharmacy robots, non-invasive radiosurgery robotic systems and others. Among them,the surgical robot segment is expected to dominate the market of medical robotics and getting the bulk revenue among all other types, during the robotics market.

Segmentation based on application:

Byapplication, the market is divided into laproscopy, neurology, special education and others. Among them, the laproscopy segment is expected to grab the major share of the market in the forecast period.

Segmentation based on region:

Based on geographical regions, medical robotics market can be divided into North America, Europe, Asia- Pacific countries and rest of the world.In current years, North America is expected to dominate the growth graph, owing to huge funding by U.S. department of defence, bigger acquisitions with major robotics companies, rise in demand of robotic surgeries and many more reasons.

Through the forecast period,Asia Pacific is expected to dominatethe market with expectance of high CAGR. Major reasons for this expected growth is attributed to implementation of robotic non-invasive surgeries in developing nations like India, increasing evidences of oncological cases in China, rise in demand of radiosurgery specified robotics, more training and healthcare awareness programmes.

Head turners:

Some of the major players of medical robotics market are as follows:-

Arxium (U.S.)

Accuracy Incorporated (U.S.)

Esko Bionics Holdings, Inc.(U.S.)

Hocoma AG (Switzerland)

Hansen Medical, Inc. (U.S.)

Intuitive Surgical, Inc. (U.S.)

Kirby lesterLLC (U.S.)

Major Robotics Limited (Israel)

Omnicell,Inc. (U.S.)

Rewalk Robotics (Israel)

Stryker Corporation (U.S.)

Varian Medical Systems (U.S.)