Global Medical Robots Market Size to grow by US$ 22.89 Billion in 2030
The medical robots market is projected to grow USD 22.89 Billion in 2030, at a CAGR of 14.4%.
The geriatric people are more vulnerable to injuries and other illnesses that need for surgical treatment due to the pathological and psychological changes that come with ageing. The primary drivers of market expansion are the increased demand for precise laparoscopic procedures and the rising incidence of trauma injuries. Additionally, rising per capita healthcare spending and advancing medical equipment technology are expected to fuel the market in emerging nations.
Robotic minimally invasive operations are becoming increasingly popular, largely as a result of its benefits, which include fewer cuts, smaller incisions, decreased discomfort, reduced scarring, increased safety, and speedier recovery times. Furthermore, the treatments give the surgeons extremely sophisticated visualization abilities by using HD cameras to show minute features. so ensuring increased precision and greater control. There has been an increase in rehabilitation robotics research over the last few years, as well as a sharp increase in the number of therapeutic rehabilitation robots. Robots that do telemedicine are essential in the current situation, especially for patients in distant areas where medical facilities are far away. Due to variables including treatment cost effectiveness and minimum infrastructure requirements, users are choosing to receive telehealth care. Additionally, during the anticipated timeframe, the market growth will be driven by the implementation of 5G, particularly in developed nations.
The developing nations are anticipated to present significant potential for market participants. Due to an expanding target patient population and an increase in medical tourism, emerging regions have seen a steady increase in the percentage of surgical procedures over the previous ten years. Furthermore, significant firms are being encouraged to concentrate more on emerging markets in the future by rising healthcare spending as well as flexible and business-friendly regulatory initiatives.
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Around the world, more and more patients are choosing to have robotically assisted orthopedic procedures. One important consideration when choosing robot-assisted surgery is a shorter recovery time following implant treatments. Additionally, there is a significant global demand for knee and hip replacement surgeries, which is anticipated to increase during the projection period. Over the same time period, it is anticipated that the number of hip replacements nationwide will rise by about 200 percent. The use of robotic surgery will increase as a result of the rapid development in knee and hip replacement procedures, resulting in a considerable market expansion throughout the projection period.
The surgical robots segment has dominated the market share in 2020 of global medical robots market owing to enable patients to receive more advanced care with less downtime. A highly educated physician uses robotic technology to do surgery through tiny incisions, but other organs like the bladder, prostate, and the digestive system can also be treated with robotic surgery. The laparoscopic segment has dominated the market share in 2020 of global medical robots market owing to benefits of minimally invasive surgery, including smaller and more aesthetically acceptable incisions, less postoperative pain, quicker healing, shorter hospital stays, and speedier return to work, are driving this segment's revenue growth. The hospitals segment is dominated the market share in 2020 of global medical robots market owing to infrastructure for healthcare has improved and advanced facilities are present in emerging nations.
North America region is dominating the market share of global medical robots market owing to the robotic surgery in particular has been swiftly accepted for a variety of treatments in the United States. It has steadily superseded traditional laparoscopic surgery and is becoming more popular for operations that require open surgery, such prostatectomy. This has been partly fuelled by aggressive marketing and hospital competition to provide the most cutting-edge technologies.
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June 2022- Accuray Incorporated collaborated with Limbus AI Inc to improve Accuray's adaptive radiotherapy solutions by utilising Limbus’s cutting-edge AI-driven technology.
September 2020- Stryker announced the installation of its 1,000th Mako System, a significant achievement for Mako SmartRobotics.
June 2020- Accuray Incorporated launched the CyberKnife® S7™ System which is an innovative device with features including advanced precision, combining speed, and real-time artificial intelligence (AI)-driven motion tracking and synchronization treatment delivery for all stereotactic radiosurgery in less time.
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