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Global Medical Robots Market Size and Forecast Analysis to 2023, Key Players-Accuray, Inc., Titan Medical, Inc., Health Robotics S.R.L., Renishaw Plc., Hansen Medical, Inc., OR Productivity Plc, Mako Surgical Corporation, Swisslog Holding Ltd..
Global Medical Robots Market
The global market for medical robots is growing significantly due to the demand for minimally invasive surgeries that use industrial robots. In addition, the growing need for error-free surgeries should support the growth of the market. The vast and unexplored market of the medical robot industry in developing economies offers the market for medical robots with many opportunities for growth at a considerable pace in the coming years.
Advanced research and development facilities and the development of new products by companies help meet the demand for cost-effective medical care in the medical robot segment. Surgical robots reduce pre- and postoperative costs, as well as the length of stay in the hospital. In addition, the development of nanobots should also support the growth of the medical robot market in the coming years.
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Global Medical Robots Market Drivers and Restraints:
Increase in the geriatric population, increase in the prevalence of neurological and orthopedic diseases, increase in the demand for telemedicine, technological advances in the automation of the health sector and increase in demand for the use of assisted procedures are the prominent factors supporting the market boom. The market for medical robots finds many applications in neurology, special education, laparoscopy, orthopedics and others. In addition, reducing medication errors with medical robots, increasing healthcare costs and increasing government funds and subsidies are also driving the growth of the global medical robot market. However, the high initial investment and the lack of skilled labor are some of the factors that slow down the growth of the medical robot market.
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Global Medical Robots Market Geographic Segmentation:
Geographically, North America will dominate the global market for medical robots in the coming years due to the growing number of elderly population, the increasing importance of rehabilitation robots and favorable reimbursement policies. In addition, Asia-Pacific is also among the fastest growing regions of the global market. The main reasons that contribute to the fastest growth in the Asia Pacific region are the increase in health spending, the large number of patients, the increase in aid and public funding, and the increase in medical tourism and improvement in health infrastructure. In addition, the medical robot market is also growing due to the growing awareness of patients in emerging markets, such as India and China, in the Asia-Pacific region.
What are the companies leading the Global Medical Robots Market?
Some of the prominent players of the market include 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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