Worldwide Medical Robots Market - Industry Analysis and Growth Trends Highlights

The "Global Medical Robots Market Research Report- Industry Analysis, Size, Share, Growth, Trends And Forecast" Research report offered by covers the growth trend and complete market overview. The report is useful for business strategists for gaining a detailed understanding about the market, its value chain, competitor study and detailed company profile.The global medical robots market has been driven by rapid advancement in the technology coupled with rising funding for medical robotics research over the coming years.

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Medical robots are an integral part of medical robotics and combine robotics science with healthcare. These robots help in the accurate treatment of a patient by easing the difficulty involved in the procedures, worldwide. Numerous surgical procedures are conducted with the help robots such as gynecological procedures, urological procedures, cardiothoracic procedures and general surgical procedures.  Over the past few years, rising introduction of innovative products in the market such as cleaning robots and disinfectant robots in the robotic segment is expected to further aid in the market growth in the near future. Recently, growing preference for medical robots by surgeons in the minimally invasive surgery has gained momentum due to its convenient and safer method of treatment across the globe. Increasing healthcare spending in the emerging economies and favorable medical service & regulations are anticipated to boost market demand during the forecast period. However, the high cost of equipment along with unjustified robot-assisted surgeries expense is major challenges, which can negatively impact the market growth in the forthcoming years. Despite the cost-barrier, the market is expected to witness a considerable growth over the coming years due to decline in cost with growing competition in the global market.

Medical Robots Market
The global medical robots market has been segmented based on product into instruments and accessories, surgical robots, rehabilitation robots, non-invasive radiosurgery robots, hospital and pharmacy robots and others. The instruments and accessories is a leading product segment and is estimated to grow at a substantial rate over the coming years owing to its increasing application scope globally. Rehabilitation robotics product segment has emerged as a growing segment on account of the growth of exoskeleton and prosthetics robots globally as an efficient alternative method of treatment for the disabled people and physically handicapped people. Furthermore, the market has been segmented based on application into laparoscopy, orthopedics, neurology, special education, and others. The neurology is a growing application segment and is estimated to continue its dominance during the forecast period owing to the introduction of advanced applications in neurosurgery and the rising popularity of robotic neurosurgery worldwide.

North America has accounted for major market share and is projected to grow at a double-digit growth over the coming years owing to the rising adoption of medical robots along with increasing government initiatives on medical robots to enhance the quality of overall healthcare in the region.

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The major industry players in the global medical robots market include Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Accuray, Inc., Hocoma, Mazor Robotics Ltd., Hansen Medical, Inc., Accuray, Inc., AesyntInc, Arxium, Ekso Bionics Holdings, Inc. and Kirby Lester Llc.

In June 2016, Medtronic has shared its plan to launch a robotic surgery program expected in 2018. This plan will focus on using the surgical robot in each and every surgery.

In Sept 2016, Titan Medical Inc., a medical device company has launched a new surgical robot “SPORT Surgical System” at SAGES (Society of American Gastrointestinal and Endoscopic Surgeons Society). The company will focus on the development and designing of a robotic surgical system to use in minimally invasive surgery (MIS).

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