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Home>Global Medical Robotics Market 2016-2022 By Product, Application, Region - Research and Markets

Global Medical Robotics Market 2016-2022 By Product, Application, Region - Research and Markets

Global Medical Robotics Market 2016-2022 By Product, Application, Region - Research and Markets

09/28/2017

Global Medical Robotics Market 2016-2022 By Product, Application, Region - Research and Markets

The "Global Medical Robotics Market - By Product, Application, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.

This market is expected to reach USD 20.56 billion by 2022 from USD 6.36 billion in 2016 at a CAGR of 21.6% during the forecast period. Neurology segment is expected to register the fastest growth during the forecast period. This growth is attributed to the advent of newer applications in neurosurgery and the growing popularity of robotic neurosurgery.

The medical robotic systems market is majorly fuelled by the enhancement of automation technologies, the rising incidence of disabilities in human beings and rising baby boomer population, that impede their day-to-day physical motions.

North America has the highest market share of the medical robotics market in 2016. Its large share is attributed to the high adoption rate of medical robots in the region and the government's strong focus on medical robots to improve the quality of healthcare. Asia Pacific medical robotic systems market is expected to grow at the fastest rate during the forecast period due presence of untapped market/opportunities.

Key factors that drive the demand for medical robots market include rapidly growing demand for precise and efficient minimally invasive surgeries. Growth in the volume of these surgeries, as a consequence of growing disease prevalence levels is also likely to drive the market growth. However, the high cost of surgery, negative publicity, and wariness among people continue to challenge the growth.

Medical nanotechnology is employing nanorobots that when injected into the patient work at a cellular level. Hyundai Heavy Industries Company of South Korea supplied rehabilitation robotics to Asan Medical Center where trail testing is being done

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