Global Medical Robotics Market To Gain From Increased Adoption By The Geriatric Population

Published : Jan-2017

Medical robotics is up-and-coming area of healthcare. An extensive range of medical applications has materialized like laboratory robots, surgical robots, telesurgery, remote surgery, and teleconsultation robots. Medical robots help in surgical treatments and drop the risk of infection. Medical robots increase the precision of surgeons and decrease risk of patients. The global medical robotic systems market is anticipated to reach US$ 17,901.5 million by 2020, rising at an assessed CAGR of 12.7% between 2014 and 2020.

An additional cause for the thriving growth of the market is the boosting emphasis on the positive results of the techniques used. This has steered to the escalating implementation of medical robots. The mounting acceptance of medical robotics amongst the adult and elderly pool has fortified a firm growth rate for the market. The swift development can also be ascribed to the growing occurrence of neurological diseases and the increasing population of senior citizens.

Developing market infiltration for healthcare IT is one of the utmost noteworthy booster for this market. Also, presentation of cutting-edge technologies like software/applications and imaging system, capsule robot system, and amassed per capita healthcare outlay are also anticipated to upturn market growth over the next few years. The increasing geriatric population pool is estimated to upsurge the need for minimally invasive robotic surgeries due to the fact that old age escalates the vulnerability to ailments such as neurological, orthopedics, and others.

Medical robots have been widely accepted by numerous medical fields such as interventional cardiological surgery, neurological surgery, and orthopedic surgery and are constantly providing money-spinning market prospects. Medical robots provide utmost help in more intricate cases with more meticulousness. Swelling technical inventions in medical field is likely to impel the global medical robots market in the coming years. With medical robots it has become easy to carry out dire surgeries with accuracy. Medical robots have advantages over traditional methods like decreasing post-operative pain, reducing possibility of infection, subsiding blood loss, and administering lowest level of anesthesia.

Surgical robots ruled the global market as regards to shares at over 65.0% in 2013 due to their high implementation and market perception rates. Also, the existence of a fairly higher number of R&D programs directed towards new product development has added to the growth of the market. On the other hand, the hospital and pharmacy robots are projected to be the fastest growing market segment, at a CAGR of over 16.0% from 2014 to 2020. This can be attributed to the swelling demand for population based therapeutic solutions and cumulative demand for telemedicine robots.

The growing disposable income population concentrating profoundly on healthcare has increased the demand of medical robots. Existence of unused growth openings in emerging economies such as India, Brazil and China is anticipated to aid this market as an impending growth prospect. Similarly, the market is anticipated to see unrelenting dominion by developed nations such as the US and the UK on the basis of profits.

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