Medical Robot Market 2019-2025
Wiseguyreports.Com Adds “Medical Robot – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2025” To Its Research Database.
Market Overview:
The rise in the demand for accurate laparoscopic surgery procedures, rising requirement for advanced and complex surgical techniques in ageing population and increasing cases of trauma and brain-related injuries are the primary factors responsible for driving the growth of the Medical Robot market. Further, increased per capita healthcare spending, growing investments in healthcare equipment and infrastructure, and ongoing technological advancements in surgical medical equipment are some common factors that are expected to fuel the penetration of the medical robot system in developing countries. The prospective scope of medical robot technology is to explore different features for the existing procedure, which is further anticipated to drive the demand for advanced medical robots.
Medical robots are noticing changes in trend over the past couple of years due to technological advancements and upgrade in some critical areas, including 3D imaging, HD surgical microscopic cameras, data recorders, motion sensors, data analytics, robotic catheter control system, and other essential remote navigation systems. The medical robot market is constantly observing numerous technology transformation and collaborations with third-party suppliers to develop advanced and more efficient applications for the existing medical robot systems. Medical robots are primarily segmented into non-invasive radiosurgery systems, surgical robots, emergency response robots, prosthetics, rehabilitation & assistive systems, and non-medical hospital robotics system.
Surgical robots are extremely critical and are expected to witness considerable growth owing to the rising adoption rate of medical robotic systems in healthcare centers and rising demand for minimally invasive surgical procedures. Moreover, the technological improvement that reduces the complications of laparoscopic surgical procedures is further expected to drive the medical robot market growth in the coming future. The rising rate of complex surgical procedures is predicted to increase the demand for medical robots. Also, rising adoption and acceptance of rehabilitation & assistive systems for complex physiotherapy critical for the treatment of neurological disorders and strokes is anticipated to drive the medical robot market growth.
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Market Segmentation:
The global medical robot market can be analyzed on the basis of product types, applications, regional markets, and market players. Based on the product types, the global medical robots market can be segmented into-
- Surgical Robots
- Rehabilitation Robots
- Non-invasive Radiosurgery Robots
- Others
Based on applications, the global medical robots market can be segmented into-
- Laparoscopy Surgery
- Neurosurgery Surgery
- Orthopedic Surgery
- Others
Neurosurgery Surgery robots can be further classified into Pathfinder surgical system, NeuroMate surgical system, and Renaissance surgical system. Orthopedic Surgical Robots can be further classified into iBlock surgical system, Robodoc surgical system, Navio PFS surgical system, MAKO RIO surgical system, Sculptor and Stanmore medical robot system. Rehabilitation medical robots can be further classified into Assistive Robots, Prosthetics, Orthotics, Therapeutic Robots, and Exoskeleton Robots.
Regional Overview:
North America, Europe, Asia Pacific, and Southeast Asia are the primary regions driving the growth of the medical robots market. North America and the Asia Pacific are the two prominent markets for medical robots. Factors, such as increasing the elderly population with weak immunity and bone density levels and rising incidents of injuries encountered during severe accidents are anticipated to positively reinforce the growth of above-mentioned regional markets. Asia Pacific medical robots market is expected to grow at a rapid rate due to the presence of lucrative growth opportunities, ongoing advancements in healthcare infrastructure, and growing patient awareness. Furthermore, increased penetration of minimally invasive surgical procedures is one of the most substantial growth drivers for the Asia Pacific medical robot market.
Industry News:
Recently, Digital health solution provider, Diligent Robotics has raised US$3 million grant for its Artificial Intelligence-fueled health care assistant medical robot, named Moxi. The Texas-based startup company has raised the capital from some prominent and potential investors, including Ubiquity Ventures and True Ventures, and has reportedly raised a total fund of around US$5.8 million. The diligent organization is about to deploy its medical robot, Moxi, an advanced AI system that can help healthcare providers and nursing staff with complex tasks.
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