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Medical Robots Market Robust pace of Industry during 2018-2026 | Surgical, Stryker Corporation, Mazor Robotics, Hansen Medical, Hocoma AG, Omnicell

05-24-2019 05:46 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Coherent Market Insights

Medical Robots Market

Medical Robots Market

Robots manufactured for specialized medical applications are known as medical robots. These robots can perform various medical tasks such as surgery, medical test, and patient monitoring. Medical robots can carry out a surgery solely based on the pre-surgical planning by the surgeon. Medical robots allow for high accuracy in open surgery and minimally invasive surgery, just the same. Medical robots also reduces the time of surgery to a great extent. Medical robots can also be used for transporting patients from one location to another in a hospital.

Advancements in technology have enabled surgeon to remotely operate robots and perform surgery. Surgeons can perform a surgical procedure in emergency situations through telesurgery, with the aid of an imaging device.

Some major players in medical robots market include Intuitive Surgical, Inc., Stryker Corporation, Mazor Robotics Ltd, Hansen Medical Inc., Hocoma AG, Omnicell, Inc., Kirby Lester LLC, Accuray Incorporated, Ekso Bionics Holdings Inc. and Engineering Services Inc.

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Advancements in technology in the recent past have been directed towards reducing costs of products. This has led to increasing applications of these robots for various tasks. Robotic technique in healthcare was first used in 1985, though it was only in 2000 that da Vinci robot received FDA approval for carrying out surgical procedures. The da Vinci robot is widely known for its applications such as for cardiac surgery, head and neck surgery, urologic surgery. As per stats released by Emergency Care Research Institute (ECRI), as of 2014, one in four hospitals in the U.S. deployed da Vinci robot. Furthermore, 570,000 procedures were performed in the U.S. by the robot in 2014, a phenomenal rise of 178% as compared to 2009.

Continuous advancement in medical robots is expected to fuel the growth of medical robots market in the near future:

The innovation and product development in medical robotics is continuously increasing due to increased R&D in this field. For instance, in 2014 Intuitive Surgical Inc. launched its new da Vinci X robot and received FDA approval for it on May 30, 2017. The advanced da Vinci robot is equipped with four mechanical arms for better movement, reach and dexterity also helps to perform surgical procedure more precisely than before. Each of the arms can be controlled independently and can be assigned to do different tasks.

Medical Robots Market Taxonomy:
Global Market by Application : Laparoscopy, Neurology, Orthopedics, Gynecology, Urology, Cardiology, Others
Global Market by Product Type: System, Instrument and Accessories,
Global Market by End User: Hospitals, Clinics, Ambulatory Surgical Centers,
Global Market by Geography: North America, Europe, APAC, Latin America, Middle East, Africa

As the medical robots are associated with high cost and thus, their adoption rate is high and mainly restricted to North America, followed by Europe. As per ECRI, out of all da Vinci installation around the globe, 67% installation are in the U.S. and out of all da Vinci surgical procedures, 79% are performed only in the U.S. Owing to their high costs, these robots are gaining slow adoption in cost sensitive economies of Asia Pacific. However, the scenario is expected to improve in the near future, buoyed by rampant economic growth in emerging economies of India and China and the rising investment on healthcare infrastructure development in these countries.

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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