Medical Robots Market | Boom $17.8 Bn 2025 | CAGR 20.75%
A Market Review And Study On The Global Medical Robots Market And Its Growing Business
Global Medical Robots Market 2018 to Boom $17.8 Billion Value by 2025 at a CAGR of 20.75% – Precision Business Insights.
Changing aspects of medical robots market
The medical robots market is mainly driven by following factors such as-
• Acceptable use of medical robots in various fields of neurology, interventional cardiology and orthopedic surgery
• Technical innovations and applications in medical field, promising government regulatory policies
• And lastly, growing awareness together with upsurge in efforts to promote robotic research boost the market growth of the medical robots.
However, lack of skilled technical professionals to perform surgeries and expensive cost impede the medical robots market.
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Market summary:
Medical robots are widely accepted in surgeries such as urological, orthopedic, neurological, gynecological and gastrointestinal diseases. Many medical device manufacturers entered into the medical robotic market by taking over the small-scale surgical robotic system manufacturers. For e.g. Smith & Nephew acquired Blue Belt technology which are known for their robotic system manufacturing for orthopedic surgeries. Many other companies focus on introducing better and advanced robotic prosthetics, orthotics and exoskeleton. The new concept in medical robotics and computer-assisted surgery is rehabilitation robotics.
Regional analysis:
North America holds the strongest position in global medical robots market due to increased awareness in the physicians towards use of innovative machineries creating productive opportunities for medical robots manufacturers.
Asia-Pacific region is growing at high CAGR due to developing healthcare infrastructure in the region driving the medical robots market. In Japan, promising government initiatives such as “robot revolution realization council” provides regulatory reform and support healthcare which contribute growth for the medical robots.
Some of the key players in global medical robots market are
• Stryker Corporation (U.S.)
• Vecna Robotics (U.S.)
• Varian Medical Systems (U.S.)
• Intuitive Surgical, Inc. (U.S.)
• Kirbey lester (U.S.)
• Hocoma AG (Switzerland)
• Houston Medical Robotics, Inc. (U.S.)
• Kinova Robotics (Canada)
• IRobot Corporation (U.S.)
• Otto Bock Healthcare (Germany)
Notable market development:
Intuitive Surgical Inc., da Vinci Sp surgical system got US FDA (510(k) clearance in 2014.
The medical robots market is divided into following categories-
By product type
• Instruments and Accessories
• Robotic Systems
o Surgical Robots
o Rehabilitation Robots
o Non-invasive Radiosurgery Robots
o Hospital Automation Robots
o Pharmacy Automation Robots
o IV Robots
By application area
• Neurology
• Orthopaedic
• Cardiology
• Laparoscopic
• Pharmacy
• Others
By technology
• Gesture Control
• Machine Vision
• Speech/Voice Recognition
• Tactile Sensors
By end-users
• Hospitals
• Rehabilitation Centres
• Diagnostic Centres
• Radiological Centres
• Research Labs
By geographical regions
• North America
• Latin America
• Europe
• The Middle East & Africa
• Asia-Pacific
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