Medical Robots Market: Rise in The Developments for Medical Robots in Asia Contributes Significantly to Market Growth

Medical robots allow surgeons to dexterously manipulate surgical instruments or catheters inside the patient’s body during minimally invasive surgeries. Robotic technology has produced useful tools for rehabilitation, surgery, and medical training, as well as new and improved prosthetics and assistive equipment for disabled individuals. Future applications of robotic technology will continue to provide advances in these and other areas of medicine. The most significant role of medical robots will most likely be to perform otherwise impossible tasks, such as enabling new microsurgery procedures by providing high-dexterity access to small anatomical structures, integrating imaging modalities into the OR, providing functional replacements for lost limbs, and enabling new human-machine interfaces and techniques for delivering neuro-rehabilitation therapy.

The Medical Robots market is projected to reach US$ 28,776.5 million by 2025 from US$ 5,740.8 million in 2017; it is expected to grow at a CAGR of 22.3% from 2017 to 2025.

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Key industry players operating in the field of medical robots across the globe include Intuitive Surgical, Inc., Stryker, Hocoma AG, Mazor Robotics Ltd., Hansen Medical, Inc. (Auris Surgical robotics), Accuray Incorporated, Omnicell Inc., Arxium, EKSO Bionics Holdings, Inc., and Kirby Lester, LLC among others.

The product segment is divided into sub segments such as surgical robots, rehabilitation robots, non-invasive radio surgery robots, hospitals & pharmacy robots and others. The surgical robot holds the largest market share by the product whereas the rehabilitation robots is the fastest growing segment. The dominancy is expected to be continued by the surgical robots due to the advantages offered such as minimally invasive procedure, less time consuming procedure and more. The market for medical robots by the product segment is expected to reach US$ 18,819.9 million by 2025 in the forecasted period. Surgical robots segment has the highest market share in 2017, contributing a market share of 46.3% and is expected to retain its dominance during the forecast period from 2018 to 2025 to account for a market share of 42.6% of the overall revenue generated in 2025.

The medical robots market is segmented on the bases of product, application, end user, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. The report offers insights and in-depth analysis of the market, emphasizing on parameters such as market trends, technological advancements, and market dynamics along with the analysis of competitive landscape of world’s leading market players.

There have been increase in the use of the robots in every functional areas of the healthcare such as surgeries, therapies, rehabilitation, pharmacy dispensing, sanitation and more. The advantages offered by the medical robots are benefiting the people in various ways that is enabling them to enhance their workflow and work efficiency. The use of the surgical robots is increased in the by the defense, so that the soldiers could utilizes the advantages. Hence the training for the defense people to use the medical robots is rising. For instance, in America the Air Force Medical Service is providing training to its surgical teams for using the latest technology. In addition, it is ensuring patients should have access to the most cutting-edge surgical procedures for the best possible results.

The use of the technologically advanced robots has transformed the healthcare in the developed regions such as North America and Europe. The use of the medical robots is increasing the Asian region. The use of the robots is already seen in every industry such as military and agriculture to consumer products. However, the companies into medical devices are seeking opportunities to develop the medical robots. Asian governments and companies have initiated investing their own developments for the medical robots. After the first FDA approval for the da Vinci systems it took several years for the Asian companies to enter the market with their innovations. For instance, the Tianjin University, based in China develop a surgical robot which is known as Micro Hand S. The system is under the clinical trials for human since 2014 to 2015.

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The animal testing with this robot have been proved successful, however the system it is not yet prepared for the human clinical trials. Moreover, the Japanese government has collaborated with the five universities and 14 companies for the development of a robot EMARO. In 2015, the EMARO was revealed it is an air-powered endoscopic robot that will enable surgeons for hands-free control and will enhance the visualization inside a patient’s body through three movable cameras. The launch of the product was done to hospitals and universities of Japan in the 2016 and is now available overseas. Furthermore, in Korea Koh Young Technology has developed neurosurgical robot for microscopic procedures on the brain and spinal cord. Also, in 2007, Curexo, Inc. assisted in the development of Robodoc, which an orthopedic surgical robot. Later, The Hyundai Group invested in Robodoc and has developed medical robots including one of the devices known as Morning Walk that enabled patients in rehabilitation and walking.

Medical Robots – Market Segmentation

By Product

Surgical Robots
Rehabilitation Robots
Non-Invasive Radiosurgery Robots
Hospital & Pharmacy Robots
Others
By Application

Laparoscopy
Neurology
Orthopedics
Gynecology
Urology
Cardiology
Others
By End user

Hospitals
Ambulatory Surgical Centers

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