The rise in number of health problems and the need to
provide better medical assistance are boosting the global medical robotic
system market. In a report, titled, “Medical Robotic Systems: Global Market
Analysis, Insights, and Forecasts, 2019-2026,” Fortune Business Insights
identifies various factors enabling growth in the market.
As per the report, the global medical robotic systems
market is anticipated to reach US$ 10,710.6 Mn by 2026 from US$
2,257.8 Mn in 2018. The forecast period is set from 2019 to 2026 and the market
is anticipated to grow at a CAGR of 21.5%.
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"Introduction of Da Vinci
Robots Helped Intuitive Surgical Robots Emerge as Leading Market Player"
Various companies operating in the global medical
robotic systems market are investing huge sums in research and development for
improved and upgraded features in robots. This is done with special focus on
rehabilitation robots and surgical robots as the demand for both has increased
due to their efficient performance in the past. Other company strategies for
better revenue generation include merger and acquisitions, product upgrades,
and launch of new robots that will not only assist humans for various medical
procedures but also perform surgeries accurately. Currently, Intuitive Surgical
Company is leading the global market owing to large number of installations of
their Da Vinci Surgical robots.
Some of
the companies operating in the global medical robotic system market are Smith
& Nephew, Intuitive Surgical Inc., CYBERDYNE INC., Zimmer Biomet, Stryker,
Ekso Bionics, BIONIK, Medtronic, and CYBERDYNE INC.
"Surgical Robots Segment to
Lead Market with Increasing Prevalence of Neurological Disorders"
The rapid advancement in technology and its
implementation in the medical sector has helped the surgical robots segment to
emerge dominant, in terms of product. As per Fortune Business Insights,
surgical robots segment accounted for 64.8% of the market share and is
anticipated to continue its dominance in the coming years. Additionally, the
increasing number of neurological disorder cases has propelled the demand for
surgical robots, making it earn larger revenues.
"Introduction of Pharmacy Automation
and Other Medical Robots to Propel Growth"
Change in lifestyle and rise in disposable income of
people have not only resulted in irregular eating habits of people worldwide,
but also has spurred the incidence of various diseases. These have propelled
the healthcare industry to invest in advanced facilities required to provide
proper medical assistance to the people in need. The rise in geriatric
population and their vulnerability towards various diseases have resulted in
high demand for complex treatment such as major surgeries, which further
promotes the use of robotics into the medical industry. The aforementioned
factors are boosting the medical robotic systems market.
Other factors promoting the growth of the global
medical robot systems market are the increasing patient preference towards
minimally invasive surgeries. Besides this, the accuracy offered by robots
performing medical treatment is also boosting the market.
On the flipside, the market may face rough waters in
terms of high cost of installation, upgradation, and maintenance. This may not
be an option for the developing economies and may thus, restrict growth of the
medical robotic systems market on a global basis.
Nevertheless, the accuracy level and efficiency of
medical robots is improving by the day which, in turn, is boosting the market.
Furthermore, the introduction of other medical robots such as pharmacy
automation robots, and rehabilitation robots is bringing huge revenues to the
market, that is anticipated to bring lucrative growth opportunities for the
market in the forecast duration.
"North America to Continue
Dominating Market with Increasing Preference for Minimally Invasive Surgeries"
Fortune Business Insights foresees the global medical
robotic systems market to be dominated by North America on account of the
higher adoption of advanced surgical robots from healthcare settings in developed
economies such as Canada and the U.S. Additionally, the number of patients
preferring minimally invasive surgeries is increasing in the region which makes
it generate greater revenues. This is likely to continue in the coming years
making North America continue its dominance in future.
Get More Details Here: https://www.fortunebusinessinsights.com/industry-reports/medical-robotic-systems-market-100957
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