Global Medical Robots Market: Medical robots are surgical robots; these are the human replacement in medical workforce. The ability to work without fatigue and unmatched precession, medical robots are widely used in the medical practices. The medical robots are involved in difficult surgical procedures and the technology has revolutionized the efficiency, accuracy, and speed of the health care services.
Increasing health awareness and need for advance treatment solutions is expected to fuel growth of the global medical robots market
Medical robots have gained the extensive acceptance by a diverse range of fields such as Neurological surgery, Interventional cardiological surgery, and orthopedic surgery etc. These products provide a large contribution to complex cases with protection and care. Growing technological innovations are expected to fuel the market over the forecasted period.
The global medical robot market is forecasted to have notable growth during the projection period. The demand for reliable and precise processes is increasing the investment in the healthcare sector, acceleration for the paradigm shift and automation in the standard of living are the crucial factors that are supporting the growth of the market. The laparoscopic segment holds the highest market share and dominates the global Medical Robotics market. Though, High implementation costs by industry and incidents of injuries and accidents due to medical robots are some major challenges.
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North America is the largest market for Medical Robotics globally. North America holds highest market share in 2016 and experiences steady growth during the forecast period. North America is forecasted to lead global medical robots market with an increase in end-use applications like hospital robots, surgical robots, others. The market growth during the projection period is due to rise in focus of key market players about the escalating need for robotics in the medical segment. The Asia Pacific region is forecasted to grow during the forecast period for Medical Robotics market. The developing end-use industries in developing economies like China, India, etc. are driving the demand for Medical Robotics market in this region.
Key players operating in the global Hocoma AG, Kirby Lester LLC, Intuitive Surgical, Inc., Mazor Robotics Ltd., Accuray Incorporated, Stryker Corporation,Hansen Medical, Inc., Omnicell, Inc., Arxium, and EKSO Bionics Holdings, Inc.