Global Medical Robots Market Size, Share, Development, Growth and Demand Forecast to 2020

GLOBAL INDUSTRY INSIGHT:
Medical Robots Market Size, Share, Development, Growth and Demand
Forecast to 2020
Global Medical Robots Market Size, Share, Development, Growth
and Demand Forecast to 2020
The global medical robots market is growing significantly due to increasing demand for minimally invasive
surgeries with the help of robots in the industry. Moreover, rising need for errorless surgeries are expected to
support the growth of the medical robots market. Massive unexplored market in medical robots industry of
developing economies are creating ample opportunities for the medical robots market to grow at a considerable
rate in the coming years.
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The advanced research and development facilities and new product developments by the companies are
supporting to address the demand for cost effective healthcare in the medical robots industry. Surgical robots
reduce the pre and post-operative cost and length of stay in hospital. Moreover, development of nanorobots is
also expected to support the growth of the medical robots market in the coming years.
On the basis of type of medical robots, the market can be categorized as noninvasive radiosurgery robots,
surgical robots, rehabilitation robots, hospital and pharmacy robots and others. By type, the surgical robots lead
the medical robots market, as surgical robots reduces the complication rate of surgeries and improves the
accuracy of the procedure. Surgical robots are further categorized as orthopedic surgical robots, laparoscopy
robotic systems, steerable robotic systems, neurosurgical robotic systems and others. The laparoscopic robotic
systems lead the surgical robots market; whereas, the neurosurgical robotic systems segment is expected to
grow with the fastest rate, among all the surgical robots category, in the coming years due to increasing demand
for minimally invasive surgeries. Rehabilitation robots include assistive robots, prosthetics, exoskeleton
radiosurgery robots, orthotics and therapeutic robots. Moreover, the hospital and pharmacy robots include
telemedicine robots, I.V. robots, pharmacy robots and others.
Some of the factors driving the growth of medical robots market are rise in geriatric population, increasing
prevalence of neurological and orthopedic conditions, rising demand for telemedicine, technological advancement
in automation of healthcare industry, and increased demand and usage of robot assisted procedures. The
medical robots market can be categorized on the basis of application as neurology, special education,
laparoscopy, orthopedics and others. In addition, reduction in medication errors using medical robots, increase in
healthcare spending and rise in government funding and grants are also fueling the growth of the global medical
robots market. However, high initial investment, and lack of skilled labors are some of the factors restraining the
growth of the medical robots market.
Geographically, North America will be leading the global medical robots market in the coming years, due to rise in
aging population, growing prominence of rehabilitation robots, and favourable reimbursement policies. Moreover,
Asia-Pacific is the fastest growing region in the global medical robots market. The major reasons contributing to
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Global Medical Robots Market Size, Share, Development, Growth
and Demand Forecast to 2020
the fastest growth in the region are increasing healthcare expenditure, large pool of patients, rise in government
support and funding, increasing medical tourism, and improving healthcare infrastructure in the region. Moreover,
the medical robots market is also growing due to increasing awareness of patients in the emerging countries,
such as India and China, of Asia-Pacific region.
Browse related market research at: https://www.psmarketresearch.com/industry-report/medical-devices
Some of the companies operating in the medical robots market are Accuray, Inc., Titan Medical, Inc., Health
Robotics S.R.L., Renishaw Plc., Hansen Medical, Inc., OR Productivity Plc, Mako Surgical Corporation, Swisslog
Holding Ltd., Medrobotics Corporation, Intuitive Surgical Inc., ZOLI Medical Corporation, Mckesson Corporation,
and Mazor Robotics Ltd.
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