Transparency Market Research in its new report titled, “Medical Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the medical robotics market. The TMR report anticipates that the rising applications of robotics systems in the medical field will drive the medical robotics market during the forecast period i.e, 2018-2026. Rise in investments in medical robotics is another factor propelling the growth of the global medical robotics market, says the report.

The report states that besides their use in surgery, these systems are increasingly being employed in pharmacy, clinical management, and elderly care. In pharmacy, robotics helps in relieving the supporting staff of monotonous duties, such as medication and workflow management. Globally, there has always been a shortage of medical staff, such as doctors and surgeons.

According to the World Health Organization (WHO), there is a scarcity of around 4.3 million physicians in health care facilities. Based on a new study published by the Association of American Medical Colleges (AAMC), there is likely to be a shortage of 34,600 to 88,000 doctors in the U.S by 2025, which is expected to rise to 40,800 to 104,900 doctors by 2030. Telepresence robots can help in providing people accessibility to medical care in remote locations in the absence of physicians. In case of elderly people, robots can act as companions and make their life enjoyable and easier.

The TMR report has segmented the global medical robotics market based on product type, application, and geography. On the basis of product type, the medical robotics market is divided into surgical robots, rehabilitation robotic systems, noninvasive radiosurgery robotic systems, pharmacy robotic systems and others.

In terms of applications, the medical robotics market can be classified into laparoscopy, orthopedics, neurology, and others. On a geographical stand, the global medical robotics market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global medical robotics market due to rise in funding for research & development of new medical robotic systems, coupled with high adoption rate for these systems in the region’s health care system.

As per the report, North America is followed by Europe and Asia Pacific. Grant of approvals for medical robots in countries such as Japan is propelling the growth of the medical robotics market in Asia Pacific. In January 2018, Intuitive Surgical announced that it had received approval for 12 additional procedures in Japan for its da Vinci robot-assisted surgery devices.

The procedures involved are additional colorectal, thoracic and gynecological surgeries, bladder cystectomies, plus gastrectomies, esophagectomies, and mitral valvuloplasty, which are in addition to prostatectomy and nephrectomy, already approved for robot-assisted surgeries in the country. Some of the prominent players operating in the global medical robotics market are profiled in this report to give a better competitive analysis and these include Ekso Bionics Holdings, Inc., Intuitive Surgical, Inc., Stryker Corporation, Mazor Robotics Ltd., Accuray Incorporated, etc.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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