[FURL=https://www.industryarc.com/Research/Medical-Robots-Transforming-Healthcare-Market-Research-501242?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Medical Robots Transforming Healthcare Market[/FURL] size is $7.6Billion in 2019, growing at a CAGR of 6.8% during the forecast period 2020-2025. Medical robotics is an evolving healthcare field that has been creating a healthcare paradigm change as it enhances the quality of patient care. Some of the factors expected to stimulate the adoption of medical robots are demographic change, the lack of healthcare personnel, the need to enhance the quality of life for the disabled and the elderly, and the need to improve surgical procedures coupled with the emphasis on developing technologically advanced robots. For instance, Japan's Health Ministry has approved Cyberdyne's HAL exoskeleton suit as a medical device, citing the benefits provided by rehabilitation robots, thus covering it under the public health insurance scheme.Key Takeaways
The increasing shortage of healthcare professionals with the need to improve quality of life for disabled and elderly accelerates the Medical Robots Transforming Healthcare demand over the forecast years 2020-2025.
The rise of Novel Coronavirus has also resulted in the extensive demand for medical robots in order to treat patients safely is likely to be the major driving factor for the market’s growth.
Europe region is projected to record the fastest growth rate during the forecast period 2020-2025.
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Medical Robots Transforming Healthcare Market Segment Analysis - By Geography
In 2019, the North America region dominated Medical Robots Transforming Healthcare Market in terms of revenue with a market share of 42% owing towards rising public & private funding for R&D in this region. Medtronic's Stealth Autoguide technology is being introduced by Phoenix Children's Hospital in the US. This platform robotically assists the neurosurgeons in order to position the instruments accurately during medical procedures..
Medical Robots Transforming Healthcare Market Drivers
Rapid Growth In Technological Advancements And Growing Preference Of Non-Invasive Procedures By Patients
Growing technical innovation encourages the development of the sector. Monarch, a surgical robotic platform that combines modular robotics, micro-instrumentation, and data science for better bronchoscopic procedures, was introduced by Hansen Medical in March 2018. Medical robot uses non-invasive surgeries in the field of gynecology, cosmetology, open surgery, laparoscopic procedures, and others.
Medical Robots Transforming Healthcare top 10 companies include Elekta AB, Hocoma AG, Intutive Surgicals Inc., Mazor Robotics, Rewalk, Varian Medical Systems, Accuray Inc., MedtEch S.A., Kuka Roboter GMBH and Irobot Corporation
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