Press Release

Healthcare Robotics Industry Market to Grow at 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, By Product, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2025, the global healthcare robotics market is expected to grow at a double digit CAGR of 16.5% during 2020 - 2025.  Intervention of technology in the field of medical sciences has given rise to new innovations such as healthcare robotics 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, thereby eliminate chances of COVID-19 transmission. Moreover, increasing funding from the governments 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.

Browse 168 market data Figures spread through more than 120 Pages and an in-depth TOC on "Global Healthcare Robotics Market"

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, telepresence robots, radiotherapy robots and others fall under the category of non-surgical robots. Surgical robots category dominated the market in 2019 as these robots simplify complex operations, diagnosis and treatment. Rising number of hospitals across the globe 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, followed by Europe and Asia-Pacific. These three regions cumulatively account of mover 95% of the global healthcare robotics market. North America is expected to continue its dominance through 2025 however, Asia-Pacific is anticipated to grow at the fastest pace as the region includes major countries like India and China, which have high geriatric population. Some of the leading players in global healthcare robotics market include Accuray Inc, Aethon, Inc., Hansen Medical Inc, Intuitive Surgical Inc., Medrobotics Corporation, Microbot Medical, Inc., Smith & Nephew plc, Stryker Corporation, Titan Medical Inc, TransEnterix, Inc., etc.

“Global healthcare robotics market is anticipated to witness significant growth over the next five years on account of increasing funding for medical robot research, growth in geriatric population and rising trend of minimally invasive surgeries that 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, By Product, By Application, By End User, By Region, Competition, 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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