Global Healthcare Robots Market is predicted to be worth roughly USD 58,214 Million by 2030, growing at a CAGR of more than 21.3% during the forecasting timeframe of 2022-2030, according to Ameco Research
Healthcare robotic trends, the benefits of robotic-assisted surgical procedures, and robot-assisted education programs in neurological rehabilitation are some of the driving factors in healthcare robot market demand. Moreover, technological developments in robotic applications, better reimbursement scenarios, expanded minimally invasive robot acceptance, and additional funding for automation and robotics investigation are all driving healthcare robot market share. The primary drivers driving the healthcare robots market growth are the growing market for accurate and precise microsurgical procedures and the growing preference for minimally invasive procedures in the aging population as well as the increasing number of incidents of trauma injuries.
Besides that, the improved productivity in performing operations such as surgery has enhanced the healthcare industry's implementation of minimally invasive surgical procedures. The significant movement toward minimally invasive procedures methodologies as well as away from conventional surgical treatments is driving healthcare robot market sales. Furthermore, as healthcare robots become more cost-effective at trying to perform laparoscopic techniques, newer and better procedure-specific technologies are being decided to introduce to the global market. As a result, demand for healthcare robots is expected to skyrocket during the forecast timeframe.
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Global Healthcare Robots Market Dynamics
Healthcare robotics improves the quality of care while also increasing efficiency and productivity. Robotic surgery helps to streamline hospital logistics and surgical intervention, allowing healthcare professionals to focus more on patient populations. In addition to operating theatres, robots are now being used in healthcare situations to facilitate physical therapists and better patient outcomes. Certain types of technologies, such as clinical robots, service robots, surgical robots, and exoskeletons, are used in the healthcare industry for improving current standards of care and to complete tasks quickly and with minimal errors. Healthcare robots are most frequently used in surgical procedures. Medical transportation, rehabilitation, telepresence, prescription dispensing, and sanitation are some of the other sectors such as healthcare where robot applications are being developed.
Impact of COVID-19
COVID-19 has had a massive effect on almost all industry sectors, including the healthcare sector. Several governments have implemented shutdowns in order to combat the COVID-19 disease outbreak. This has had a significant impact on the production industry, as infrastructures around the world have been effectively shut down. The COVID-19 global epidemic has increased demand in the healthcare sector for healthcare robots. The global epidemic has emphasized the importance of autonomous robots in avoiding physical connection and ensuring sterilization, sanitizing, as well as other hospital assistance. This reduces the risk of death for the physicians and hospital personnel involved in COVID-19 administration. In the existing COVID-19 circumstance, robots are appropriate for clinical outcomes by substituting or reducing the reliance on medical practitioners in health facilities.
Increasing adoption of Surgical Robots drives the Market
Robotic surgery is a kind of minimally invasive procedure in which surgical procedures are performed using robotic technology. These robotic systems are managed by medical professionals and are made up of miniaturized surgical equipment mounted on humanoid robots, enabling doctors to perform accurate and consistent surgeries. The rising need for automated processes in the healthcare sector, as well as the evolving trend toward advanced automation treatments, are the key factors driving the surgical robots segment.
Market Segmentation
Ameco Research has fragmented the global healthcare robots market by product, application, component, and end-user. In terms of the product, the segment is further segmented into surgical robots, telemedicine robots, non-invasive radiosurgery robots, rehabilitation robots, pharmacy and hospital automation robots, and robotic catheters.
In term of component, the market is sub-categorized into safety systems, user interface, power resources, locomotion systems, software products, and visualization systems. Moreover, the market is divided into hospitals, rehabilitation centers, ambulatory surgery centers, and other, based on end-user. According to the healthcare robots market forecast, the performance improvement segment is predicted to expand significantly in the market over the next few years.
Based on the application, the market is further segmented into neurology applications, laparoscopic applications, orthopedic applications, cardiology applications, and other.
Regional Outlook
The global healthcare robots market is divided into five geographic regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to the healthcare robot industry analysis, Asia-Pacific will account for the majority of revenue in 2021. The growing elderly population society with low bone density as well as injuries sustained in fatal crashes is expected to boost the regional healthcare robots market growth in the forthcoming years. The existence of available opportunities, improved healthcare systems, minimally invasive procedures penetration, and increasing patient consciousness are the key drivers for the growth of market growth in the Asia-Pacific region.
Market Competitors
Some of the most notable worldwide healthcare robots market players are Accuray Inc, Biotek Instruments Inc., Hansen Medical Inc, Intuitive Surgical Inc, Kirby Lester Llc, Mazor Robotics Ltd, Titan Medical Inc, Aurora Biomed Inc, Ekso Bionics Holdings Inc, Hocoma AG, Irobot Corporation, MAKO Surgical Corp, Roche Holding AG, Varian Medical Systems, and ZOLL Medical Corp.
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