The medical robots market is projected to reach US$ 25,443.36 million by 2028 from an estimated value of US$ 9,189.70 million in 2022; it is expected to grow at a CAGR of 18.5% from 2022 to 2028. The report highlights the trends prevalent in the global medical robots market and the factors driving the market along with those that act as restraints to its growth. The global medical robots market is witnessing a sheer rise in the current scenario and is expected to expand in the coming years. Rise in the developments for medical robots in Asia is one of the factor to propel the demand of medical robots in the developing nations. However, high cost of surgical procedures and installation is expected to hinder the market growth.
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Top Players Synopsis- Intuitive Surgical, Inc, Stryker, Hocoma AG, Mazor Robotics Ltd, Hansen Medical, Inc. (Auris Surgical robotics), Accuray Incorporated, Omnicell Inc., Arxium, EKSO Bionics Holdings, Inc, and Kirby Lester, LLC among others.
The evolution of nanorobots for the treatment of cancer is likely to create opportunities for the growth of the medical robots in the coming future. The names nanorobots, nanoids, nanites or nanomites are used to describe the devices. Nano robotics is the technology for the development of the machines or robots which are close to the microscopic scale of a nanometer (10−9 meters). At present, nanorobots play an important role in the field of bio-medicine, importantly for the treatment of cancer, cerebral aneurysm, removal of kidney stones, elimination of defected parts in the DNA structure, and others. Nanorobots are integrated implanted chemical biosensors that are used for detecting the tumor cells in initial stages of cancer development inside a patient’s body. Nanosensors are also used to find the intensity of E-cadherin signals. In most of the cancer cases, drugs have side effects because they can’t differentiate between cancer cells and healthy ones.
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The nanorobots only target the tumors and didn’t cause clotting elsewhere in the body. Therefore, this offers the cancer treatments free of side effects. Manufacturers and scientists have been investing in the innovative technological developments.
The growth of the market is expected rise due to the trend of development of therapeutic robots. As the large number of the people are therapeutic robots for companionship and therapy. The therapy robots are developed for assisting patients in recovering. For instance, student researchers at the University of Amsterdam developed Phobot, which is an interactive robot to help children who suffer from anxiety and phobias.
When Phobot is confronted by larger objects, it’s programmed to react with fear, it raises its eyebrows, turns around, and zips away in a panic. When it’s confronted with smaller objects, it is trained to be normal. In addition, Omron (Japan) in 2001 developed and designed NeCoRo, the first robotic lap cats made for senior citizens in the country. The robot gives positive feedback depending on the user’s actions. If a user neglected NeCoRo, the robot would be less affectionate the next time the user interacted with it. These types of therapeutic robots are growing trends in the past few years and are expected to grow the market in the future time.
The report segments the global Medical Robots Market as follows:
Global Medical Robots Market – By Product
- Surgical Robots
- Rehabilitation Robots
- Non-Invasive Radiosurgery Robots
- Hospital & Pharmacy Robots
Global Medical Robots Market – By Application
Global Medical Robots Market – By End User
- Ambulatory Surgical Centers
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