Medical Robots Market to Reach USD 28 Billion in 2025
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By HospiMedica International staff writers Posted on 02 Oct 2018 |
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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.
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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.
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