Image: The global medical robotics market is expected to grow to over 20 billion by 2022 (Photo courtesy of Shutterstock).
The global medical robotics market is expected to grow at a CAGR of 21.6%from USD 6.36 billion in 2016 to USD 20.56 billion by 2022, driven by the enhancement of automation technologies, rising incidence of disabilities in human beings and growing baby boomer population, that impede their day-to-day physical motions.
These are the latest findings of Research and Markets (Dublin, Ireland), a global market research company.
Medical robots are used by surgeons to gain greater access to areas under operation using more detailed and less invasive methods. They are present in most telemanipulators, which use the surgeon's actions on one side and to control the "effector" on the other side.
Currently, the demand for medical robots is driven by the rapidly growing demand for precise and efficient minimally invasive surgeries, although the high cost of surgery, negative publicity, and wariness among people continue to pose a challenge to the market growth. The neurology segment is expected to register the fastest growth in the medical robots market during the forecast period, driven by the advent of newer applications in neurosurgery and the growing popularity of robotic neurosurgery.
In 2016, North America held the highest share of the global medical robotics market, due to the high adoption rate of medical robots in the region and the government's strong focus on medical robots to improve the quality of healthcare. The medical robotic systems market in Asia Pacific is expected to grow at the fastest rate during the forecast period due to the availability of untapped market opportunities.
Research and Markets