Global Medical Robots Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Therapeutic Robots will empower the specialists to perform surgeries with high exactness. Therapeutic mechanical technology is another and a rising field of science. There are diverse restorative applications that rose, for example, research facility robots, teleconsultation, telesurgery, recovery robots, remote surgery, surgical robots, to help hard of hearing and the visually impaired. Restorative robots will be utilized as a part of surgeries to decrease contamination hazard. Because of the utilization of therapeutic robots dangers of patients is diminished and precision of specialists will be expanded.

Restorative robots showcase driven by for the most part their acknowledgment in broadened fields, for example, an interventional cardiology, neurology, and orthopedic surgery, among others gives beneficial chances to the makers in the market. Doctors were helped by the medicinal robots to accomplish exact outcomes in the mind boggling surgeries. Ascend in imaginative advancements in therapeutic field drive the development of restorative robots advertise. Need of specialized experts to perform surgeries and being more costly are the real imperatives in the therapeutic robots advertise.

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The medical robots market is segmented on the basis of product type, application, enabling technologies, end user, and geography.

Based on product type, the global medical robots market is segmented into
• Robotic Systems
o Surgical Robots
o Rehabilitation Robots
o Non-invasive Radiosurgery Robots
o Hospital and Pharmacy automation robots
o Pharmacy automation robots
o IV Robots

Based on application area, the global medical robots market is segmented into
• Neurology
• Orthopaedic
• Cardiology
• Laparoscopic
• Others

Based on enabling technologies, the global medical robots market is segmented into
• Gesture Control
• Machine Vision
• Speech/Voice Recognition
• Tactile Sensors

Based on end-user, the global medical robots market is segmented into
• Hospitals
• Rehabilitation Centres
• Diagnostic Centres
• Radiological Centres
• Research Labs

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Currently, robotic surgeries are performed for gynecological, urological, orthopedic, neurological, and gastrointestinal diseases .The scope and application of surgical robots usage is expected to increase over the years owing to their accuracy. Many leading medical device manufacturers enter into the medical robots market by acquiring small-scale surgical robotic system manufacturers. For instance, in 2013, Stryker Corporation has acquired Mako Surgical Corp. and in 2016, Smith & Nephew has acquired Blue Belt Technology that are popular surgical robotic system manufacturers for orthopedic surgeries. Rehabilitation robotics is yet another emerging concept in medical robotics and computer-assisted surgery industry. The involvement of robotic technology in the treatment and rehabilitation of paralyzed and amputees taken the healthcare sector to another level. Several companies now focus on developing advanced robotic prosthetics, orthotics, and exoskeleton. Increase in demand for advanced treatment methods for various severe diseases, increase in prevalence of cardiac and neurological disorders and cancer provides robust market growth. Technological advancements and applications of these technologies in critical surgeries propels medical robots market over the forecast period. Favourable government regulations boost healthcare assistive robots market growth. For instance, Technology-related Assistance for Individuals with Disabilities Act (1988) stimulated the development of assistive technology devices by providing funds to the states. Growing awareness coupled with increase in efforts to promote robotic research will fuel growth of the medical robots market.

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Based on geographical regions medical robots market is segmented as 5 regions: Latin America, The Middle East and Africa, North America, Asia-Pacific and Europe.North America dominates the global medical robots market over the forecast period owing to increase in awareness in the physicians towards use of innovative technologies creates lucrative opportunities for medical robots manufacturers. Asia-Pacific region is expected to grow with high CAGR due to evolving healthcare infrastructure in the region driving the medical robots market. In Japan, favourable government initiatives such as “robot revolution realization council” provides regulatory reform and support to develop highest level of artificial intelligence technologies in healthcare are expected to contribute growth for the medical robots market in Asia-Pacific region.

Some of the players in medical robots market are Stryker Corporation (U.S.), Vecna Robotics (U.S.), Varian Medical Systems (U.S.), Intuitive Surgical, Inc. (U.S.), Kirbey lester (U.S.), Hocoma AG (Switzerland), Houston Medical Robotics, Inc. (U.S.), Kinova Robotics (Canada), IRobot Corporation (U.S.)and Otto Bock Healthcare (Germany).

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