Market Snapshot:
The global Healthcare robotics market is expected to witness high growth due to increasing automation technologies, enhancement of technological innovation. Healthcare robots are a blend of medicine and technology. These robots aid surgeons in performing surgeries with almost perfect precision and considered as an alternative method of minimally invasive surgeries. The booming population growth, growing disabilities in humans, acute supply shortage of medical professionals, decreased overall mortality rates requirement for improving surgical procedures, requirement for enhancing life quality for the elderly and the disabled, demographic changes, large scale global investment in the robotics market, Food and Drug Administration (FDA) approval of critical surgeries, government backing for the healthcare market, and the growing incidence of medication blunder deaths.
Highlights from Healthcare Robotics Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
CAGR | 52.5% |
The key Players profiled in the report are Intuitive Surgical (United States), Mazor Robotics (Israel), Stryker Corporation (United States), Hocoma (Switzerland), Hansen Medical (United States), Accuray (United States), Omnicell (United States), ARxIUM (Canada), Ekso Bionics Holdings (United States), Siemens Healthineers AG (Germany) and Smith & Nephew Plc (United Kingdom). Additionally, other players that are part of this comprehensive study are Medrobotics Corporation (United States), iRobot Corporation (United States), Tital Medical Inc. (Canada), Renishaw PLC (United Kingdom) and Hitachi Medical Systems (Switzerland).
Geographic Breakdown and Segment Analysis
The Global Healthcare Robotics market presents a comprehensive analysis of the Healthcare Robotics market by product type (Surgical Robotic Systems [Laparoscopy Robotic Systems, Orthopedic Robotic Systems, Neurosurgical Robotic Systems], Rehabilitation Robotic Systems [Therapeutic Robotic Systems, Assistive Robotic Systems, Exoskeleton Robotic Systems, Other Rehabilitation Robots], Noninvasive Radiosurgery Robotic Systems [Hospital and Pharmacy Robotic Systems, Pharmacy Robotic Systems, IV Robotic Systems] and Other), by end-user/application (Laparoscopy, Orthopedic Surgeries, Neurosurgeries, Pharmacy Applications and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Healthcare Robotics industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Healthcare Robotics market, the Europe has emerged as a crucial market for several Healthcare Robotics brands.
Analyst at AMA have segmented the market study of Global Healthcare Robotics market by Type, Application and Region.
Influencing Trend:
Advantages Offered By Robot-Assisted Training in Rehabilitation Therapy and Issuance of IPOS By Medical Robot Companies
Market Growth Drivers:
The Rising Cases of Cancer Neurological Disorders, Orthopedic Surgery, and Cardiovascular Diseases and Increasing Global Generic Population
Challenges:
High Initial Cost of Installation and Maintenance and Reluctance to Imbibe the Technological Change
Restraints:
Growing Safty and Security Concerns over Robotic Surgery Devices and Mechanical Reliability Issues
Opportunities:
Technological Advancement Associated with the Healthcare Robotics, Rising Patient Preference for Minimally Invasive Surgeries and The Emergence of Cost-Effective Medical Robots
Market Developments Activities:
In September 2019, Stryker has acquired Mobius Imaging, LLC, a leader in point-of-care imaging technology, and its sister company, GYS Tech, LLC (DBA Cardan Robotics), in an all-cash transaction of approximately USD 370 million upfront and up to USD130 million of contingent payments associated with the development and commercial milestones. The acquisition provides Stryker’s Spine division with immediate entry into the intra-operative imaging segment and aligns with Stryker’s implant and navigation offerings.
In May 2019, Accuray Incorporated signed an agreement with Hong Kong Sanatorium & Hospital (HKSH) for the acquisition of two Synchrony motion tracking and correction technology upgrades, to be used with the hospital's Radixact Systems.
Key Target Audience
Healthcare Robotics Providers, Technology Providers, Government Research Organizations, Private Research Organizations and Others