The major factors boosting the market growth include a shifting trend from conventional surgery to advanced robotic surgery, growing adoption of robotics prosthetic & exoskeleton for rehabilitation therapeutics, and rising incidence of cancers and other critical disorders. In addition, rising emphasis on hospital & pharmacy automation and presence of high unmet medical needs in developing and underdeveloped economies are anticipated to drive the demand for medical robotics and computer-assisted surgical systems. Moreover, in order to minimize human errors during drug handling & medicine dispensing and reduce hospital maintenance cost & faculty time, large-scale hospitals and pharmacies are now adopting automated or robotic solutions. However, the high cost associated with such medical robotics and robotic surgical procedures is the major factor restraining the market growth.
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Medical Robotics and Computer Assisted Surgery Marketย Report, published by Allied Market Research, forecasts that the global market is expected to garner $20.5 billion by 2030.ย The surgical robotics segment was the highest revenue-generating segment, accounting for nearly half of the market share in 2015, and is expected to maintain its dominance throughout the forecast period.
Medical robotics and computer-assisted surgical system is a technologically advanced surgical, rehabilitation, and assistive solution used mainly during complicated surgical procedures, physical complications, and hospital automation, respectively. The medical robotics and computer-assisted surgery industry is majorly segmented into surgical, rehabilitation, non-invasive radiosurgery, and pharmacy automation robots. The surgical robotics system includes surgeons console, surgical arms, and monitoring systems & software.
North America is anticipated to remain the highest revenue-generating region, owing to widespread adoption of surgical robotics along with the non-invasive robotic radiosurgical solutions. The growth of medical robotics and computer assisted surgery market in Europe is primarily characterized by the increase in geriatric & amputee population, high incidence of chronic diseases, and growing investment on hospital infrastructure. Moreover, the Asia-Pacific region is expected to grow rapidly because of the increasing healthcare expenditure, growing awareness of advanced robotic solutions for several health conditions, and increase in disposable income.
The key companies profiled include Intuitive Surgical, Inc., Blue Belt Technologies Ltd., Think Surgical, Inc., Hansen Medical, Inc., MAKO Surgical Corp., Renishaw plc., Stanmore Implants Worldwide, Ltd., Mazor Robotics Ltd., ReWalk Robotics, Smith & Nephew, Ekso Bionics, Hocoma AG, Titan Medical Inc., and Hitachi Medical Systems.
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