The research report titled, “Healthcare Robotics Market Analysis, By Application (Rehabilitation Robotics, Robotics Surgery), By Region and Segment Forecast, 2014-2025” explores the most lucrative areas in the healthcare robotics industry along with future prospects. The comprehensive study lets the users of this report evaluate the forecasted sales at overall world market and regional level. Also, it well showcases all the financial results, interviews, trends, opportunities, and revenue predictions. One can easily find original analyses, with business outlooks and developments of the market in this report. It totally analyses the qualitative data including SWOT and Porter’s Five Forces Analysis, market attractiveness, product profiles and commercial developments to produce a transparent picture of the industry.
Healthcare robots offer 3D HD vision systems for a transparent and magnified view of the patients body and thereby assist various surgeons in complex procedures by providing high precision and flexibility and these robots are commonly used in numerous applications including- drug manufacturing, dispensing drugs to patients and moving inventory in medical supply facilities.
The market is mainly split into two key segments which include rehabilitation robots and robotics surgery market and further, the rehabilitation robotics involve prosthetic robotics, exoskeleton robotic system, orthotic robotics, and therapeutic robotics. Not only this, the global robotics surgery market is also divided based on the components and services which include robotic surgical systems, instruments and accessories, and services.
The robotic surgery segment involves applications like Gynecology, Urology and general surgery and has been witnessed as accounting for a significant share in the market owing to the overall scale enhancements in patient monitoring, and the ability to deliver better medical results with higher accuracy and precision while replacement and component implantation in orthopedics and is even projected to enhance the global industry growth cumulatively in the coming years. Moreover, the emerging trends involving implementation of robotic in-patient rehabilitation programs and replacement of manual surgical assistance are the present indicators of massive growth that is being experienced and is further expected to continue in future.
The key vendors that have managed to dominate healthcare robotics market for long namely consist of- Elekta, Mazor Robotics, Intuitive Surgical, Tecan Group, Qiagen, Varian Medical System, Titan Medicals, Curexo Technology, THINK Surgical, Hansen Medical, and Health Robotics. Other players like Accuray, S.R.L, Health robotics Varian, and Reninshaw Plc. have further been noticed as developing products and applications covering certain niche areas to establish market domination by competing healthily.
The global healthcare market size has observed a significant growth over the years and evolving demand for the surgical robots like da Vinci surgical systems is projected to spur market development in the near future. Even, the healthcare centers are massively investing in the robotics industry for lessening the high cost manual label of surgery and for higher flexibility in the operations of healthcare. The centers have been noticed as highly investing in automatic guided vehicles so that transporting of patient needs, which mainly include linens, delivering meals, packages, nursing supplies, sterile items, oxygen and gases and pick-up trash, can be carried out successfully.
A rise in the number of government subsidiaries has been observed which are aiming at installing and implementing the healthcare robots in countries like India and China which is expected to further stimulate the market growth in future years. Furthermore, shortage in workforce in the sector has also been noticed as a factor driving industry growth and according to World Health Organization (WHO) report, 83 countries fall below the threshold of 22.8 skilled healthcare professionals per 10,000 people and 100 countries fall below the threshold of 34.5 skilled healthcare professionals per 10,000 people. Thus, this industry is experiencing high demand and this will continue in future as it is the best resort by which the workers shortage can be catered to.
Geographically, North America is estimated to supersede the industry due to rising government expenditure in the healthcare infrastructure sector and even, the densely augmenting aging population in metropolitan cities of U.S. will keep on resulting in huge investments in the healthcare sector. Asia Pacific region is also expected to evolve enormously as the industries in China, South Korea and India will also look up to adoption of healthcare robots in hospitals and rehabilitation centers. Furthermore, Japan is projected to lead the healthcare robotics industry owing to the alarming need for reduced lead time for addressing the patients and aging population.
The total revenue from healthcare robotics global market is expected to reach somewhere around USD 17.89 billion by 2022 due to the increasing demand for robotic surgeries, persistent improvements in healthcare infrastructure in emerging economies, ameliorating reimbursement policies and amplifying awareness levels amongst healthcare establishments, and practitioners. In the years to proceed, a numerous opportunities for robotic technologies will exist in the industry and accordingly, the introduction of new generation robotic systems integrated with advanced data recorders, remote navigation systems, HD microscopic cameras, data analytic systems, motion sensors, 3D-Imaging and robotic controlled catheters will definitely boost the demands in the industry ultimately leading to huge amounts of revenues.
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Ankur Gupta, Head Marketing & Communications