Medical Robots Market to Reach USD 28 Billion in 2025
By HospiMedica International staff writers Posted on 02 Oct 2018 |
The global medical robots market is estimated to grow with a CAGR of 22.3% from USD 5.74 billion in 2017 to USD 28.78 billion in 2025, driven by increasing training programs for robotic surgeries and a rise in the usage of robots across various healthcare fields such as surgeries, therapies, rehabilitation, pharmacy dispensing, sanitation and others. These are the latest findings of Research and Markets, (Dublin, Ireland), a global market research company.
Medical robots offer advantages that benefit people in various ways that help them to enhance their workflow and work efficiency. However, the high cost of surgical procedures and installation is hindering the growth of the medical robots market. Nevertheless, trends such as the development of microbots and therapeutic robots are likely to drive the growth of the medical robots market in the coming future.
On the basis of products, the surgical robots segment held the largest share of 46.3% in the medical robots market and is expected to maintain its dominant position during the forecast period from 2018 to 2025. However, the rehabilitation robots segment is growing at the fastest pace. Based on application, the laparoscopy segment held the largest share of 56.2% of the medical robots market, by technology, in 2017 and is expected to maintain its dominant position during the forecast period due to its advantages such as adoption in emergence of data supporting efficacy and safety.
Related Links:
Research and Markets
Medical robots offer advantages that benefit people in various ways that help them to enhance their workflow and work efficiency. However, the high cost of surgical procedures and installation is hindering the growth of the medical robots market. Nevertheless, trends such as the development of microbots and therapeutic robots are likely to drive the growth of the medical robots market in the coming future.
On the basis of products, the surgical robots segment held the largest share of 46.3% in the medical robots market and is expected to maintain its dominant position during the forecast period from 2018 to 2025. However, the rehabilitation robots segment is growing at the fastest pace. Based on application, the laparoscopy segment held the largest share of 56.2% of the medical robots market, by technology, in 2017 and is expected to maintain its dominant position during the forecast period due to its advantages such as adoption in emergence of data supporting efficacy and safety.
Related Links:
Research and Markets
Latest Business News
- Johnson & Johnson Acquires Cardiovascular Medical Device Company Shockwave Medical
- Mindray to Acquire Chinese Medical Device Company APT Medical
- Olympus Acquires Korean GI Stent Maker Taewoong Medical
- Karl Storz Acquires British AI Specialist Innersight Labs
- Stryker to Acquire French Joint Replacement Company SERF SAS
- Medical Illumination Acquires Surgical Lighting Specialist Isolux
- 5G Remote-Controlled Robots to Enable Even Cross-Border Surgeries
- International Hospital Federation Announces 2023 IHF Award Winners
- Unprecedented AI Integration Transforming Surgery Landscape, Say Experts
- New WHO Guidelines to Revolutionize AI in Healthcare
- Getinge Acquires US-Based Medical Equipment Provider Healthmark Industries
- Global Surgical Lights Market Driven by Increasing Number of Procedures
- Global Capsule Endoscopy Market Driven by Demand for Accurate Diagnosis of Gastrointestinal Conditions
- Global OR Integration Market Driven by Need for Improved Workflow Efficiency and Productivity
- Global Endoscopy Devices Market Driven by Increasing Adoption of Endoscopes in Surgical Procedures
- Global Minimally Invasive Medical Devices Market Driven by Benefits of MIS Procedures