Medical Robotic Systems Market – Snapshot
Rapid growth of the medical robotic
systems is attributed to a blend of technological improvements such as
use of more efficient motors, compact and light materials, power back-up
and sophisticated controls and safety mechanisms, along with more
economic versions. Moreover, rise in demand for minimal invasive
surgeries further boosts the medical robotic systems market. Medical
robotic systems have been widely used for minimal invasive surgeries in
the field of gynecology, cosmetology, open surgery, laparoscopic
procedures, and flexible endoscopic procedures. These techniques cause
minimal complications, reduce risk of infections, cause less pain, and
have faster recovery time which leads to shorter hospital stay as
compared to traditional therapies and treatments. These factors help
increase acceptance and adoption of medical robotic systems by many
medical facilities and centers. Medical robotic systems are
self-powered, computer-controlled devices programmed to aid in
positioning and manipulation of surgical instruments. The global medical
robotic systems market was valued more than US$ 5,581.8 Mn and
anticipated to reach US$ 25,738.8 Mn by 2025.
Rise in funding for research &
development activities by governments and private organizations, rapid
growth in robotic technology, and surge in acceptance of minimal
invasive surgeries are key factors fueling demand for medical robotic
systems globally. Moreover, increase in the number of surgical
procedures, higher purchasing power of hospitals, and rise in geriatric
population are factors driving the global medical robotic systems
market. However, high-cost associated with surgical robots and lack of
skilled professionals in developing countries are major factors
restraining the market. Robotic surgical systems have high fixed cost.
Prices range from US$ 1 Mn to US$ 2.5 Mn. Radiosurgery robotic systems
such as CyberKnife system cost US$ 4 Mn to US$ 5 Mn. Moreover, these
systems require costly maintenance and require the use of additional
consumables (single-use robotic appliances). Therefore, these systems
are unaffordable for most hospitals in developing countries. Low-cost
robotic systems and accessories create significant opportunities in
developing and developed markets. Hence, the U.K.-based Cambridge
Medical Robotics (CMR) is currently developing versatile, affordable,
and easy-to-use robots.
The global medical robotic systems market
has been segmented based on product type and geography. In terms of
product type, the surgical robots segment is anticipated to account for
around 60% share of the market. Technological advancements, new product
launches, and increase in purchasing power of hospitals and other health
care setting are anticipated to propel the surgical robots segment
during the forecast period. Demand for assistive and rehabilitation
robots is anticipated to increase during the forecast period. Efficiency
of such robots is speeding up the rehabilitation process among patients
and reducing efforts of physicians. Easy performance mapping and
therapy customization are major factors that have increase demand for
such robots in the global market. Intense research & development in
technology, design, efficiency, and safety of these systems is projected
to create huge opportunities in the market segment in the future.
Based on countries and sub-region, the
market is categorized into U.S., Germany, U.K., France, Italy, Spain,
Russia, Sweden, Netherlands, China, India, Australia, Singapore, Brazil,
Saudi Arabia, South Africa and Rest of the World. The U.S. is
anticipated to drive the global medical robotic systems market. Better
reimbursement policies and advanced health care infrastructure are key
drivers boosting this market in the U.S. On the other hand, growth in
the standard of healthcare infrastructure of the emerging economies such
as China, India, Saudi Arabia and other countries has given scope to
establishment of new and more sophisticated healthcare facilities. This,
in turn, has increased market opportunities for major market players to
introduce their robots in these regions.
Market players operating in the medical
robotic systems market include Intuitive Surgical Inc., Accuray
Incorporated, Hansen Medical Inc, Aethon, TransEnterix Surgical, Inc.,
Stereotaxis Inc. ReWalk Robotics, Titan Medical Inc., Stryker, and
Medtech SA.
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