Healthcare Robotics Industry Market to Grow at Double Digit CAGR through 2025
Growing geriatric
population and technological innovations in medical sciences to drive healthcare
robotics market
According to TechSci Research report, “Global Healthcare Robotics Market By Type, By Product, By
Application, By End User, By Region, Competition, Forecast & Opportunities,
2025”, the global
healthcare robotics market is expected to grow at a double digit CAGR of 16.5% during
2020 - 2025. Intervention of technology
in the field of medical sciences has given rise to new innovations such as
healthcare robotics and enhanced the operational procedures and treatments. Healthcare
robots offer several advantages for instance, in the current scenario, they are
being used for supplying medicines as they prevent human to human interaction,
thereby eliminate chances of COVID-19 transmission. Moreover, increasing funding
from the governments in the developing countries like India and China for the
installation of healthcare robots for medical surgeries, operations, diagnosis
and treatment is anticipated to propel the growth of healthcare robotics until
2025. However, high cost associated with the robot can discourage the adoption
of healthcare robotics.
Browse 168 market data Figures spread through more than 120 Pages and an in-depth TOC on "Global Healthcare Robotics Market"
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Global healthcare robotics market has been segmented into
type, product, application, end user, company, and region. On the basis of
type, the market is bifurcated into surgical and non-surgical robots. The
hospital logistics robots, rehabilitation robots, telepresence robots,
radiotherapy robots and others fall under the category of non-surgical robots. Surgical
robots category dominated the market in 2019 as these robots simplify complex
operations, diagnosis and treatment. Rising number of hospitals across the
globe have started adopting the surgical healthcare robots due to their improved
patient outcomes.
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Based on regional analysis, North America led the
global healthcare robotics market in 2019, followed by Europe and Asia-Pacific.
These three regions cumulatively account of mover 95% of the global healthcare
robotics market. North America is expected to continue its dominance through
2025 however, Asia-Pacific is anticipated to grow at the fastest pace as the
region includes major countries like India and China, which have high geriatric
population. Some of the leading players in global healthcare robotics market include
Accuray Inc, Aethon, Inc., Hansen Medical Inc, Intuitive Surgical Inc.,
Medrobotics Corporation, Microbot Medical, Inc., Smith & Nephew plc,
Stryker Corporation, Titan Medical Inc, TransEnterix, Inc., etc.
“Global healthcare
robotics market is anticipated to witness significant growth over the next five
years on account of increasing funding for medical robot research, growth in
geriatric population and rising trend of minimally invasive surgeries that require
medical robots.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Healthcare Robotics
Market By Type, By Product, By Application, By End User, By Region,
Competition, Forecast & Opportunities, 2025” has evaluated
the future growth potential of global healthcare robotics market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global healthcare robotics market.
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