Healthcare Robotics Industry Market to Grow at a Double Digit CAGR through 2025
Growing geriatric
population and technological innovations in medical sciences to drive healthcare
robotics market
According to TechSci Research report, “Global
Healthcare
Robotics Market
By Type (Surgical, Non-Surgical {Hospital Logistics Robots, Rehabilitation
Robots, Robot Nurses, Telepresence Robots, Nanorobots, Diagnostic Robots,
Radiotherapy Robots}), By Product (Da Vinci,
Monarch, Ion, Navio, Mako Magellan Robotics system, Sensei X Robotics System,
Cyber Knife, TUG and others), By Application (Colorectal, Gynaecology,
Urology, Prostrate; Others), By End User (Hospitals and Clinics, Speciality
Centres, Rehabilitation Centres, Others), By Region, Forecast &
Opportunities, 2025”, global
healthcare robotics market is expected to grow at a double digit CAGR during
the forecast period. Intervention of
technology in the field of medical sciences has given rise to new innovations
such as healthcare robot and enhanced the operational procedures and treatments.
Healthcare robots offer several advantages for instance, in the current
scenario, they are being used for supplying medicines as they prevent human to
human interaction; therefore, eliminate chances of COVID-19 transmission.
Moreover, increasing funding from the government in
the developing countries like India and China for the installation of
healthcare robots for medical surgeries, operations, diagnosis and treatment is
anticipated to propel the growth of healthcare robotics until 2025. However, high
cost associated with the robot can discourage the adoption of healthcare
robotics.
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Global healthcare robotics market has been segmented into
type, product, application, end user, company, and region. On the basis of
type, the market is bifurcated into surgical and non-surgical robots. The hospital
logistics robots, rehabilitation robots, robot nurses, telepresence robots,
nanorobots, diagnostic robots and radiotherapy robots fall under the category
of non-surgical robots. Surgical robots dominated the market in 2019 as these
robots simplify complex operations, diagnosis and treatments. Many hospitals
all over the world have started adopting the surgical healthcare robots due to
their improved patient outcomes.
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Based on regional analysis, North America led the
global healthcare robotics market in 2019 due to high mortality rates and
medical errors; therefore, countries present in the region like US and Canada
are readily adopting healthcare robots as they can simplify complex medical
procedures. On the other hand, Asia-Pacific is expected to grow at the highest
rate as the region is the base to countries like India and China which have high
geriatric population.
Some of the leading players
in global healthcare robotics market include Hocoma AG, Hansen Medical Inc, Ekso
Bionics Holdings Inc, Titan Medical Inc, Accuray Inc, Intuitive Surgical Inc, MAKO
Surgical Corp, Varian Medical Systems Inc, Kirby Lester LLC, Roche Holding AG,
etc. In order to expand their market share, the companies adopt new product
launches, collaborations, conduction of periodic sales and many more strategies.
“Global healthcare robotics market is anticipated to
witness significant growth during the next five years on account of increasing
funding for medical robot research, growth in geriatric population and growing trend
of MIS or minimally invasive surgeries which require medical robots.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Healthcare Robotics Market By
Type (Surgical, Non-Surgical {Hospital Logistics Robots, Rehabilitation Robots,
Robot Nurses, Telepresence Robots, Nanorobots, Diagnostic Robots, Radiotherapy
Robots}), By Product (Da Vinci, Monarch,
Ion, Navio, Mako Magellan Robotics system, Sensei X Robotics System, Cyber
Knife, TUG and others), By Application (Colorectal, Gynaecology,
Urology, Prostrate; Others), By End User (Hospitals and Clinics, Speciality
Centres, Rehabilitation Centres, Others), By Region, Forecast &
Opportunities, 2025”, has
evaluated the future growth potential of global healthcare robotics market and
provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global healthcare robotics market.
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