Precise Analysis on Business Overview, Product Scope And Ongoing Medical Robots Market Development 2026
Robots manufactured
for specialized medical applications are known as medical robots.
These robots can perform various medical tasks such as surgery,
medical test, and patient monitoring. Medical robots can carry out a
surgery solely based on the pre-surgical planning by the surgeon.
Medical robots allow for high accuracy in open surgery and minimally
invasive surgery, just the same. Medical robots also reduces the time
of surgery to a great extent. Medical robots can also be used for
transporting patients from one location to another in a hospital.
Advancements in
technology have enabled surgeon to remotely operate robots and
perform surgery. Surgeons can perform a surgical procedure in
emergency situations through telesurgery, with the aid of an imaging
device.
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Advancements in
technology in the recent past have been directed towards reducing
costs of products. This has led to increasing applications of these
robots for various tasks. Robotic technique in healthcare was first
used in 1985, though it was only in 2000 that da Vinci robot received
FDA approval for carrying out surgical procedures. The da Vinci robot
is widely known for its applications such as for cardiac surgery,
head and neck surgery, urologic surgery. As per stats released by
Emergency Care Research Institute (ECRI), as of 2014, one in four
hospitals in the U.S. deployed da Vinci robot. Furthermore, 570,000
procedures were performed in the U.S. by the robot in 2014, a
phenomenal rise of 178% as compared to 2009.
Medical Robots
Market Taxonomy:
Global Market by
Application : Laparoscopy, Neurology, Orthopedics, Gynecology,
Urology, Cardiology, Others
Global Market by
Product Type: System, Instrument and Accessories,
Global Market by End
User: Hospitals, Clinics, Ambulatory Surgical Centers,
Global Market by
Geography: North America, Europe, APAC, Latin America, Middle East,
Africa
Continuous
advancement in medical robots is expected to fuel the growth of
medical robots market in the near future:
The innovation and
product development in medical robotics is continuously increasing
due to increased R&D in this field. For instance, in 2014
Intuitive Surgical Inc. launched its new da Vinci X robot and
received FDA approval for it on May 30, 2017. The advanced da Vinci
robot is equipped with four mechanical arms for better movement,
reach and dexterity also helps to perform surgical procedure more
precisely than before. Each of the arms can be controlled
independently and can be assigned to do different tasks.
As the medical
robots are associated with high cost and thus, their adoption rate is
high and mainly restricted to North America, followed by Europe. As
per ECRI, out of all da Vinci installation around the globe, 67%
installation are in the U.S. and out of all da Vinci surgical
procedures, 79% are performed only in the U.S. Owing to their high
costs, these robots are gaining slow adoption in cost sensitive
economies of Asia Pacific. However, the scenario is expected to
improve in the near future, buoyed by rampant economic growth in
emerging economies of India and China and the rising investment on
healthcare infrastructure development in these countries.
The growth of
medical robots market is supported by factors such as increase in
awareness about their various highly beneficial properties and
increase in the number of surgical procedures as a result of
increasing incidence of chronic diseases such as cancer and lifestyle
diseases such as diabetes and obesity. Furthermore, increase in
insurance coverage is expected to fuel the usage of medical robots
industry. Middle Eastern countries such as Turkey are characterized
by an acute dearth of healthcare professionals. As per Organization
for Economic Co-operation and Development (OECD), Turkey had 1.7
doctors per 1,000 population in 2012. This makes the region a highly
lucrative prospect for future penetration of the market.
High purchase and
maintenance cost of the equipment and lack of trained surgeons to
perform robotic surgery are some of the major restraining factors for
the global medical robots market.
Some major
players in medical robots market include Intuitive Surgical,
Inc., Stryker Corporation, Mazor Robotics Ltd, Hansen Medical Inc.,
Hocoma AG, Omnicell, Inc., Kirby Lester LLC, Accuray Incorporated,
Ekso Bionics Holdings Inc. and Engineering Services Inc.
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