Global Medical Robot Market

Global Medical Robot Market

          Crystal Market Research estimated that in 2012, the global medical robotic systems market was evaluated around USD 6.69 billion and is expected to reach approximately USD 46.24 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 21.32% over the forecast period. Major factors fueling the medical robots market growth are; rapidly emerging demand for efficient, precise and least invasive surgical procedures, expansion in the number of these surgical procedures owing to rising disease occurrence levels, is also expected to boost the market expansion.

          Besides, the improvement of medical and healthcare in developed country cause new innovation of medical devices and medical robots. Robotic healthcare management is highly improved, while extreme global technology changing cause innovations and new inventions i.e. 3-D imaging , motion sensors or even big data analysis

          The global medical robotic systems market is segmented as follows –Surgical Robot, Rehabilitation Robot, Non-Invasive Radio Surgery Robot and Hospital and Pharmacy Robot. Besides there are medical robots used in other field such as Emergency Response Robotic System Prosthetics /Exoskeletons.


Number of surgical procedures by product
 

          In 2014, surgical robots reported for the leading market share at around 60% due to, the growing demand for least invasive surgical procedure and rising rate of adoption in hospitals.

          The global surgical robotics market is expected to reach $12.60 billion by 2025. The market consists of various product segments such as surgical systems, instruments and accessories and maintenance services. The instruments and accessories segment had the highest market value in 2016, growing at the CAGR of 11.4% during the forecast period 2017-2025. However, services (maintenance and up-gradation) are expected to grow at the highest CAGR of 12.9% during the forecast period 2017-2025. This can be attributed to the increasing adoption rate of da Vinci surgical robotics system for increasing rate of general surgeries, gynecology, urology, cardiothoracic and head and neck medical complications.
          From global surgical robotic used statistic shown the used of surgical robotic for orthopedics is the most procedure in 2016. The numbers of patients in USA who suffered from orthopedic abnormalities are about 54%

          Market research from Allied Market Research and Crystal Market Research In 2014, the North American regional market ruled the global market at around 40% due to the existence of advanced medical infrastructure and rising demand for robot-assisted surgical operations along with elevated healthcare spending levels in this region. The Asia Pacific regional medical robotic systems market is anticipated to expand at the top rate over the forecast years owing to continuously improving medical infrastructure, and elevated awareness levels among patients.

Source of References:
1 Transparency Market Research. (2017). Worldwide Robotics Market to touch US$147 26 Billion by 2025. 
2 HAEGELE, Martin. (2017). EditorialWRServiceRobots2017. IFR. 
3 HIS Markit. (2016). The Outlook for the Professional Service Robot Market. Roboticsbusinessreview.  
4 Robot Platform. (2018). Land-based robot. 
5 Crystal Market Research. (2017). Medical Robotic Systems Market by Product and Application - Global Industry Analysis and Forecast to 2022. 
6 Research and Market. (2018). Global Surgical Robotics Market 2017-2025: Plethora of Opportunities as Demand for Minimally Invasive Cancer Procedures is Booming. 
7 Chandra, Garima and Sajeev, Suraj. (2018). Surgical Robotics Market.