With the rising trend of minimally invasive surgeries and robot-assisted surgeries, the global healthcare robots market is likely to gain significant momentum in the forthcoming years. Owing to their precise and accurate nature, the demand for healthcare robots is increasing in the healthcare and pharmaceutical industry. A new research report by Transparency Market Research (TMR), titled “Healthcare Robots Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” provides a detailed analysis of the market.
The acute shortage of medical professionals coupled with the increasing need for improved surgical procedures is driving the growth of the market. Moreover, the rapid growth in automation technologies, increasing investments in the robotics market, and enhancement in technological innovations are working in favor of the global healthcare robots market. Other factors such as favorable government initiatives, rising geriatric population, and increasing emphasis on improving life quality are propelling the growth of the market. However, reduction in hospital budgets and growing concerns regarding the safety and high cost of robotic surgery devices are hampering the growth of the market.
Based on applications, the global healthcare robots market is segmented into cardiology, laparoscopic, neurology, orthopedic, and others. Due to the growing popularity of robotic neurosurgery and the advent of novel applications of healthcare robots in neurosurgery, the neurology segment is estimated to witness robust growth during the forecast period. On the basis of type, the market is categorized into non-invasive radiosurgery robots, pharmacy and hospital automation robots, rehabilitation robots, robotic catheters, and telemedicine robots. The rising global geriatric population is contributing to the growth of the rehabilitation robots segment. In terms of components, the market is classified into locomotion systems, power resources, safety systems, software platforms, visualization systems, and user interface.
Regions studied in the report are Eastern Europe, Western Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. North America was the leading revenue contributor in 2015. High adoption of new and innovative technologies amongst consumers is fuelling the growth of the market in this region. Due to substantial funding by public and private investors in the medical sector, the region is anticipated to retain its dominance until 2024. The Asia Pacific market for healthcare robots is expected to flourish owing to increasing initiatives by several governments to promote the wellbeing and health of the citizens. Moreover, improving medical infrastructure, increasing healthcare expenditure, changing lifestyles, and technological evolutions are contributing to the growth of this region.
The key players in the global healthcare robots market are Accuray Inc., Aurora Biomed Inc., Biotek Instruments Inc., Ekso Bionics Holdings Inc., Hansen Medical Inc., Hocoma, Intuitive Surgical Inc., Irobot Corporation, Kirby Lester Llc, MAKO Surgical Corp, Mazor Robotics Ltd, Roche Holding AG, Titan Medical Inc., Varian Medical Systems, and ZOLL Medical Corp.