As per Zion Market Research, the global medical robots market is predicted to grow at a striking CAGR of 20.8% and surpass USD 24.6 billion by 2025 during the forecast period. The market was valued at USD 6.62 billion in 2018. The major factors powering the development of the market are benefits provided by robot-aided training in rehabilitation treatment, technical advancements in medical robots, the issuance of IPOs by medical robot firms, and rise in financial support for medical robot research. Rapid development in the elderly population and increase patient inclination for minimally invasive operations is expected to provide growth avenues in the years to come.
The major players in the global medical robots market comprise Arxium, Intuitive Surgical, Mazor Robotics, Stryker Corporation, Hansen Medical, Hocoma, Omnicell, Accuray, and Ekso Bionics Holdings.
Security Concerns Over Robotic Surgery Machines To Hamper The Global Medical Robots Market
The usage of medical robots has elevated considerably in minimally invasive operations due to the different benefits provided by these systems. On the other hand, latest studies have showed a number of technical complications and difficulties that were experienced by conducting operations with the help of robotic systems. As per the FDA, surgical robots have been connected to more than more than 1391 injuries, 144 deaths, and 8061 device breakdowns, between 2000 and 2013. One more research performed in 2014 by the Rush University Medical Center researchers in Chicago claimed that equipment arcing at the time of a surgery caused burn injuries amongst 193 individuals and uncontrolled movements of instruments harmed 52 patients. The dangers related with the employment of robots are hence predicted to hinder the development of the global market for medical robots.
Increasing Patient Inclination For Minimally Invasive Surgeries To Power The Growth Of Global Medical Robots Market
All over the world, the requirement for minimally invasive operations is on the increment majorly owing to the benefits related with these operations, such as fewer cuts, smaller incisions, reduced pain, decreased scarring, faster recovery periods, increased safety, and considerable savings of cost. As per EndoEvolution, a US-located medical device firm, over 1.5 million minimally invasive operations are conducted every year in the US. The number of robotic medical operations conducted is also rising. Almost 877,000 surgical operations were conducted all over the world in 2017 with the help of surgical robots from Intuitive Surgical. The increasing inclination for minimally invasive operations and increasing number of robotic operations conducted are expected to offer growth avenues in the medical robots market.
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This review is based on a report by Zion Market Research, titled “Medical Robots Market by Application (Pharmaceutical, Laparoscopy Applications), Product (Medical Robotic Systems (Rehabilitation Robots, Surgical Robots, Non-invasive Radiosurgery Robots), Instruments & Accessories), and Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025”
The global medical robots market is segmented as follows:
- Instruments & Accessories
- Robotic Systems
- Surgical Robotic Systems
- Laparoscopy Robotic Systems
- Orthopedic Robotic Systems
- Neurosurgical Robotic Systems
- Rehabilitation Robotic Systems
- Therapeutic Robotic Systems
- Assistive Robotic Systems
- Exoskeleton Robotic Systems
- Other Rehabilitation Robots
- Noninvasive Radiosurgery Robotic Systems
- Hospital and Pharmacy Robotic Systems
- Pharmacy Robotic Systems
- IV Robotic Systems
- Other Robotic Systems
- Surgical Robotic Systems
- Orthopedic Surgeries
- Pharmacy Applications
- Other Applications
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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