Medical robots are automated mechanical components and robots that improve the delivery & quality of healthcare services. These robots differ on the basis of the functioning they provide and therefore are of different varieties. These robots provide surgical assistance, diagnostic improvements and rehabilitation of patients as well as providing pharmaceuticals. They can even perform certain high-risk surgical procedures while also assisting surgeons by acting as their tele manipulator in the operating room.
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Medical robots market is growing due to effectiveness and variations in providing rehabilitation, technological advancements of medical robots; the effects of these factors are mentioned below:
Regional expansion and strategic acquisitions utilized by the manufacturers:
The market is segmented on the basis of product as instruments & accessories, surgical robots, rehabilitation robots, noninvasive radiosurgery robots, hospital & pharmacy robots, other robots; application is categorized into laparoscopy, orthopedic surgeries, neurosurgeries, pharmacy applications, others.
“According to Data Bridge Market Research, global medical robots market is expected to be growing at a healthy CAGR of 21.8% during the forecast period of 2019 to 2026”
Some of the major players operating in market are Intuitive Surgical, Stryker, Hocoma, Mazor Robotics, CMR Surgical Ltd, Auris Health Inc., Accuray Incorporated, Omnicell Inc., ARxIUM, Ekso Bionics, Capsa Healthcare, TransEnterix Surgical Inc., Stereotaxis Inc., ReWalk Robotics, Titan Medical Inc., Medtech SA, Aethon, Medrobotics Corporation, InTouch Technologies Inc., McKesson Corporation, Renishaw plc., Varian Medical Systems Inc., OR Productivity PLC and Siemens Healthcare GmbH.
The market is witnessing a growing CAGR due to the wide-spread preference of individuals to undergo minimally invasive surgical procedures. This preference of patients has induced the need for certain innovations and advancements in technology of medical devices requiring better operational efficiency as well as accuracy. This demand for innovations is also one of the major factors behind the wide-spread adoption of medical robots which exhibit significantly high accuracy than traditional medical devices promoting their effectiveness in hospitals whether that be for surgeries, diagnosis or assistance of surgeons.