Medical Robots Market Global Key Players, Industry Analysis, Potential Growth, Latest Trends 2023-2032 | Kirby Lester, Hocoma, Medtronic, Esko Bionics, Johnson & Johnson, and ARxIUM

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.

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The leading market producers included in the reports are

1. Stryker Corporation
2. Intuitive Surgical
3. Mazor Robotics
4. Omnicell
5. Kirby Lester
6. Hocoma
7. Medtronic
8. Esko Bionics
9. Johnson & Johnson,
10. ARxIUM.

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.

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

Competitions and Overall Report Analysis:

Global Medical Robots Market environment provides rivals with details. These data include overviews, finances, revenue generated, research and growth market potential etc., new market strategies, global presence. Manufacturing sites and facilities, capacity of development, organizational strengths. The following points are covered by this report:

1) Analysis of the dynamics of the global economy, annual projections and projected annual compound growth rates (CAGRs).
2) An description of the medical robots market and associated technologies.
3) Recognition of emerging business opportunities and tailored customer marketing campaigns for the medical robots market blends.
4) Detailed company profiles of main players in the field.
5) R&D study and demand for emerging technologies and new applications.

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Conclusion: In terms of its concept, segmentation, market potential, strong trends and also market challenges, the main objective of this report is to accept that the customer views the market. During the planning of the market report, deep research was carried out. In addition to the comprehensive analysis, in accordance with the relevant criteria, QMI has customised assessments.

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