May 03, 2021
According to the business intelligence report titled ‘GLOBAL Medical And Surgical Robotics Market FORECAST 2019-2027’, available with Market Study Report LLC, global medical and surgical robotics market is estimated to expand at a yearly growth rate of 17.20% between 2019-2027.
Increasing awareness pertaining to the beneficial attributes of this technology such as its time-saving nature, quick patient recovery, reduction in pain & blood loss and capability while performing minimally invasive surgeries is one of the major factors boosting global medical and surgical robots market growth.
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For the unversed, medical robotics involves the use of robots to perform operations and surgeries. They are usually controlled by doctors and provide better access to complex parts as well as offer ease of operation during tough surgeries.
Moreover, surging geriatric population, growing demand for minimally invasive surgeries, technological developments in robotics space, and increasing application in healthcare sector are proliferating the market share.
Based on types, the global medical and surgical robotics market is bifurcated into medical robotics and surgical robotics & computer-assisted surgery. Speaking of application scope, the industry is segregated into cardiac, urology, gastrointestinal, orthopedic, ENT, neurosurgical, prosthetic and others.
From the regional frame of reference, North America held majority of the worldwide medical and surgical robots market share in the past years. Moreover, it is projected to showcase lucrative growth trends in the coming years owing to rising demand for surgical robots and growing technological developments. Additionally, healthcare industries are booming because of government support which facilitates expansion of industry in this region.
On the other hand, the Europe medical and surgical robotics industry is poised to grow significantly during the forecast period primarily due to the increasing number of entrepreneurs and supportive government measures which promote usage of robots for personal and professional services.
Key players profiled in the report are Accuracy Inc., Agilent Technologies Inc., iRobot Corporation, BioTek Instruments Inc., Abbott Laboratories, Hocoma AG, Kurby Lester LLC, Intuitive Surgical Inc., Aesynt Inc., Aurora Biomed Inc., Hansen Medical Inc., CareFusion (acquired by Becton Dickinson and Company), ReWalk Robotics Inc and Mazor Robotics(acquired by Medtronic plc).