Medical Robotic Systems Market to be driven by Growing demand and Popularity of Minimally Invasive Surgeries
Medical robots help doctors to perform operations with more accuracy. Medical robotics is still an emerging field. There is a broad range of medical applications that have emerged, such as laboratory robots, surgical robots, remote surgery, telesurgery, and teleconsultation robots. Medical robots support operations and reduce the risk of infection to a great extent. Medical robots offer several benefits, such as reduced risk of infection, lesser post-operative pain, minimum level of anesthesia, and decreased level of blood loss, among others.
Global Medical Robotic Systems Market: Growth Factors
The major growth drivers in the medical robotic systems market are the continuous technological advancements, the increase in patient or surgeon recognition of laparoscopic methods, advanced medical imaging, and robotic assistance. Growing demand and popularity of minimally invasive surgeries are also projected to propel the global development of the medical robotic systems market. The rehabilitation robotic systems are planned and designed to offer to individuals with disabilities. Hence, the demand and popularity for these systems are anticipated to rise, which, in turn, will drive the development of the medical robotic systems market globally. The number of robotic laparoscopy procedures is on the rise along with the growing prevalence of neurological conditions, which, in turn, is fuelling the demand for robotic procedures, thus boosting the market growth. The rise in the usage of robots in pharmacies and hospitals of developed economies and the increase in the number of FDA-approvals for robotic systems are likely to further drive the medical robotic systems market in the upcoming years.
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This market has several challenges, such as high initial costs and reluctance to implement this technology, which might limit its future growth on a global scale.
Global Medical Robotic Systems Market: Segmentation
The medical robotic systems market is classified based on product type and end-user. By product type, this global market is categorized into surgical robotic systems, hospital and pharmacy robotic systems, non-invasive radiosurgery robotic systems, rehabilitation robotic systems, and other robotic systems. During the forecast timeframe, the invasive radiosurgery robotic systems segment is likely to emerge as the most popular, due to increasing patient preference for non-invasive surgeries. By end-user, this market comprises home care setting, rehabilitation centers, pharmacy, and hospitals.
Global Medical Robotic Systems Market: Regional Analysis
Based on geography, the global market for medical robotics systems is classified into Asia Pacific, Latin America, North America, the Middle East and Africa, and Europe. The North American region is likely to dominate this global market in the forecast time period. At the country level, the U.S. is likely to lead the North American medical robotic systems market, owing to improved reimbursement rules and developed healthcare infrastructure. The Asia Pacific market for medical robotic systems is anticipated to grow at the fastest rate in the upcoming years. Improvements made in the healthcare infrastructure, growing patient awareness, and the presence of untapped growth potential in emerging economies, such as India and China, will be the key factors fueling this regional market’s expansion in the near future.
Global Medical Robotic Systems Market: Competitive Players
Some of the most important players operating in the medical robotic systems market include Accuray Incorporated, Intuitive Surgical, Aethon, Hansen Medical, Stereotaxis, TransEnterix Surgical, Titan Medical, ReWalk Robotics, Medtech, and Stryker, among others.
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