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Medical Robots Market Acknowledgement With Top Players Surgical, Stryker, Mazor Robotics, Hansen Medical, Hocoma AG, Omnicell,Kirby Lester

08-30-2019 09:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Medical Robots Market

Medical Robots Market

Medical robots assist in surgeries and make possible to decrease risk of infection. Surgeons can perform a surgical procedure in emergency situations through telesurgery, with the aid of an imaging device. Medical robots are enables to increases accuracy of surgeons and reduce risk of patients For instance, heart bypass surgery requires, patient’s chest to be open and that long incision be made. Advancements in technology have enabled surgeon to remotely operate robots and perform surgery.

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. Medical robots are has advantages such as decrease post-operative pain, decrease risk of infection, decreases blood loss and minimum level of anesthesia. Medical robots have many challenges in the application of robotics in the medical field, such as safety, cost and reluctance to accept this technology. The da Vinci robot is widely known for its applications such as for cardiac surgery, head and neck surgery, urologic surgery. The key factors propelling the growth of the market are technological advancements in medical robots, advantages offered by robot-assisted training in rehabilitation therapy, increase in funding for medical robot research, and the issuance of IPOs by medical robot companies.

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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.

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. On the basis of product, the medical robots market is segmented into instruments & accessories and robotic systems. The robotic systems segment has been further segmented into surgical robotic systems, rehabilitation robotic systems, noninvasive radiosurgery robotic systems, and hospital and pharmacy robotic systems. 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.

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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