Medical Robots Market Trends, Growth Forecast and Industry statistics till 2030| Mazor Robotics, Omnicell, Kirby Lester, Hocoma, Medtronic, Esko Bionics, Johnson & Johnson

Global Medical Robots Market to Grow Rapidly due to Increasing Applications in Healthcare Sector
The benefits provided by robotic-assisted surgery and robot-assisted training in rehabilitation therapy, technical developments in robotic systems, developing the reimbursement scenario, increasing the acceptance of surgical robots, and increasing funding for medical robot research are the main factors driving the growth of this sector. However, a key factor restricting market growth in the coming years is the high cost of robotic systems.

Due to high demand for consistent and precise processes that increase investment in the healthcare sector, the medical robots market is expected to see significant growth. Moreover, the growth of paradigm shifts and the modernization of living conditions, as well as the rapid rise in the applicability of robot-assisted rehabilitation training, are also leading to an increase in the global market. Also the rise in chronic health conditions is also the main factor flourishing medical robots market trends over the forecast period.

The U.S. is expected to have the largest market share in North America. The U.S. market is driven by a rising economy and a rise in the number of patients diagnosed with neurological and cardiovascular disorders. According to studies conducted by the American Cancer Society in 2019, 42% of people were diagnosed with cancer and were treated with non-invasive robotic radiosurgery.

Some Recent Developments in the Global Medical Robots Market

• In December 2020, Sysmex Corporation announced the launch of the hinotori Surgical Robot System, a surgical robot unit, and the HF Series Instrument, a reusable active endotherapy device for medical institutions in Japan.

• In September 2019, Medtronic unveiled its new soft-tissue robot Hugo in a demonstration for investors, where it performed a practice prostatectomy on a cadaver.

Growth Drivers that Support the Global Medical Robots Market:

• Globally, demand for minimally invasive surgeries (MIS) is growing mainly because of the benefits associated with these procedures, such as smaller incisions, less cuts, decreased scarring, decreased discomfort, improved protection, quicker recovery times, and substantial cost savings.
• By ensuring greater precision and repeatability, as well as offering greater control and performance, robotic minimally invasive surgery adds to these advantages. The conversion rate for straight-stick laparoscopy to open surgery was 25 percent, according to a 2018 paper on a gynaecological study of laparoscopy hysterectomy.
• Procedures using a robotic platform, on the other hand, showed a conversion rate of typically less than 5 percent, leading to a decrease in morbidity and loss of blood.
• Based on the applications, laparoscopy, orthopaedic surgery, pharmacy applications, physical rehabilitation, external beam radiation therapy, neurosurgery and other applications are segmented into the medical robots market. Due to the increase in suggestive laparascopic procedures carried out globally and the increasing adoption of surgical robots, the laparoscopy application segment is estimated to hold for the largest share during the forecast period.

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Companies are Keen to Expand their Global Market

• Stryker Corporation (US) received regulatory approval in 2020 for the partial knee indication for the MAKO robotic surgery system in Japan.
• In 2020, Accuray (US) launched the CyberKnife S7 System, a next-generation CyberKnife platform for all stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT) treatments with advanced precision and real-time artificial intelligence (AI)-driven motion tracking and synchronisation treatment.
• In 2020, Medtronic (Ireland) acquired Medicrea, a leader in the transformation of spinal surgery by artificial intelligence, predictive modelling and patient specific implants

Major companies functioning in the global Medical Robots Market are Stryker Corporation, Intuitive Surgical, Mazor Robotics, Omnicell, Kirby Lester, Hocoma, Medtronic, Esko Bionics, Johnson & Johnson, and ARxIUM.

Global Medical Robots Market Segmentation
By Product:
• Instruments and Accessories
• Medical Robotic Systems
• Surgical Robots
• Rehabilitation Robots
• Non-invasive Radiosurgery Robots

By Application:
• Laparoscopy
• Pharmaceutical Applications

By Region:

North America
• North America, by Country
o The U.S.
o Canada
o Mexico
• North America, by Product
• North America, by Application

Europe
• Europe, by Country
o Germany
o Russia
o The U.K.
o France
o Italy
o Spain
o The Rest of Europe
• Europe, by Product
• Europe, by Application

Asia-Pacific
• Asia-Pacific, by Country
o China
o India
o Japan
o South Korea
o Australia
o The Rest of Asia-Pacific
• Asia-Pacific, by Product
• Asia-Pacific, by Application

Middle East and Africa
• The Middle East and Africa, by Country
o The UAE
o Saudi Arabia
o Qatar
o South Africa
o The Rest of Middle East and Africa
• The Middle East and Africa, by Product
• The Middle East and Africa, by Application

South America
• South America, by Country
o Brazil
o Argentina
o The Rest of South America
• South America, by Product
• South America, by Application

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This release was published on openPR.