Medical Robots Market By Product (Instruments & Accessories, Robotic Systems), By Application (Laparoscopy, Orthopedic Surgeries, Neurosurgeries, Pharmacy Applications), By Geographic Scope and Forecast
Medical Robots Market Size And Forecast
Medical Robots Market was valued at USD 7.15 Billion in 2019 and is projected to reach USD 20.70 Billion by 2027, growing at a CAGR of 14.2% from 2020 to 2027.
Global Medical Robots Market Overview
The rise in the applicability of robot-assisted training in Rehabilitation Therapy is the primary aspect of driving the market growth. The Robotic Rehabilitation Therapy delivers high-dosage and intensity training, which makes it useful for patients with motor disorders caused by stroke or spinal cord disease. Robotic devices used for motor rehabilitation consists of end-effector and exoskeleton. The application of robot-assisted therapy is the improvement of gait function in patients suffering from a stroke.
In May 2019, Bionik, a robotics company that is focused on enabling rehabilitation and assistive solutions to patients suffering from neurological disorders, declared the completion of Robot-Assisted Training for the Upper Limb after Stroke (RATULS)trial by applying the Companies In Motion Robotic Therapy Systems. The growth of technological innovations is expected to furnish the market growth.
There are five recent trends in medical robotics. The blood nanobots, who emulate the individuals WBCs to combat diseases. Others are Melanoma detecting machines, to curb the count of frequent biopsies, the FDA approved remote presence robot, Bon Appetit with Bestic and PARO, a medical robot seal used as a stuffed animal, to heal children with developmental disabilities. The increased disbursements and funding for medical robot startups are likely to increase the market economy. For instance, the Medrobotics Corporation is a medical robotics company that is developing and commercializing the Flex Robotic System that gives physicians the skill to access anatomical locations that were impossible to reach minimally invasively.
Global Medical Robots Market: Segmentation Analysis
The Global Medical Robots Market is segmented based on Product, Application, and Geography
Key Players in Medical Robots Market
The Global Medical Robots Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are:
- Intuitive Surgical
- Stryker Corporation
- Mazor Robotics
- Hansen Medical (A Wholly Owned Subsidiary of Auris Surgical Robotics)
- Ekso Bionics
- Kirby Lester
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