The global medical robots facts market is expected to reach USD 43.02 Billion by 2030, according to a new report by Reports and Data. Key factors driving the growth of the market is the use of medical robots facts to release healthcare personnel from routine tasks to devote their time to further pressing responsibilities, and make medical procedures cost-effective and safer for patients. AI diagnostics is one of the fields which requires widespread use of medical robots facts. The uses AI for in diagnostics are extensive, but there are a few instances worth mentioning, comprising the FDNA system which deploys facial recognition software for screening of patients to detect more than 8000 maladies and rare genetic disorders with an extremely high degree of precision.

The growing demand for medical robots facts in minimally invasive surgeries is boosting the product sale.  Benefits offered by robotic surgery comprises of enhanced dexterity, greater visualization, greater precision. It is an advanced form of minimally invasive surgery, enabling surgeons to use a computer-controlled robot to operate in very tight spaces in the body that would else only be accessible through open surgery. Surgical robots are self-powered devices that can be programmed to assist in the setting and handling of surgical instruments, offering surgeons with greater flexibility, accuracy, and control. Developed by Virtual Incision Corp, the miniature robotic system provides assistance in performing minimally invasive colon resection procedures for people suffering from colon cancer, Crohn's disease, ulcerative colitis, and diverticulitis.

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Some Key Factors Contributing to the Global Pharma & Healthcare Market Growth

Unprecedented revenue growth of the global pharma & healthcare industry is attributed to factors such as rising prevalence of chronic and acute diseases worldwide, increasing geriatric population, rising awareness of health & wellness among consumers, and growing demand for more advanced healthcare services. Increasing demand for advanced drugs and therapeutics, growing availability of next-generation diagnostics and treatment options – especially in developing countries like India and China – rise in R&D activities and clinical trials in the pharmaceutical and biotechnology sectors, increasing public and private investments in healthcare research projects, and rising consumer expenditure on healthcare are among the other significant factors contributing to the industry revenue growth.

Further key findings from the report suggest

  • By product type, surgical robotic systems dominated the market in 2019 and is likely to grow at a rate of 16.2% in the forecast period. Surgical robots enable surgeons to operate with utmost precision. Areas of the human body that are difficult or impossible to reach with the human hand can be accessed using the robotic system, where the arms can rotate about 280 degrees. The Renaissance guidance system provided by Mazor Robotics is an all-inclusive surgical solution meant for spinal procedures.
  • By application, neurology is estimated to grow at the fastest rate of 17.6% in the forecast period, owing to the use of medical robots facts in decreasing procedure time and improving safety in neurosurgery in both frame and frameless procedures.
  • By end-users, hospitals held the largest market share in 2018 and is likely to grow at a rate of 15.4% in the period 2020-2027.
  • The market in the Asia Pacific region is anticipated to grow at the fastest rate of 17.9% in the period 2020-2027, attributed to the imminent demand for sophisticated healthcare facilities and the growing prevalence of gynecological diseases, among others.
  • Medrobotics, Corindus, CMR Surgical, HistoSonics, Embodied, EndoMaster, and ICan Robotics, among others, are some of the start-up companies in the market.
  • In September 2019, Stryker Corporation, a leading market player, made an investment of USD 370.0 Million to acquire two firms, namely Cardan Robotics, it is developing a robot named Orion proposed to assist navigation in interventional and surgical radiology procedures, and Cardan's sister company Mobius Imaging, making the Airo TruCT scanner. The acquisition is likely to bring expertise in advanced imaging and robotics, along with a robust product pipeline, which would give Stryker the opportunity to upsurge its presence in Spine, Orthopedics, and Neurotechnology. Moreover, this initiative would enable Stryker to provide improved healthcare procedural solutions, including sales, service, and support.
  • In September 2019, Medtronic launched the Hugo RAS system, an innovative robot-assisted surgery platform with better flexibility and cost-effectiveness as compared to other systems. The system is Medtronic's strategy to stay competitive in the growing market that is dominated by leading players such as Intuitive surgical. This product launch is intended to increase the number of robotically-assisted surgeries (currently around 2.0% of surgeries are performed with robotic-assistance).

Top Players in the Global Keyword Market:

 Stryker Corporation, Intuitive Surgical, Mazor Robotics, Omnicell, Kirby Lester, Hocoma, Medtronic, Esko Bionics, Johnson & Johnson, and ARxIUM, among others.

The coronavirus pandemic has had a drastic impact on the global healthcare industry, with rising cases of COVID-19 worldwide, substantially growing hospital admission and readmission rates, and rising demand for telehealth and telemedicine services for remote patient monitoring. Furthermore, rising focus on development of rapid COVID-19 diagnostics such as the RT-PCR test kits, increased government funding for vaccine development, stringent regulatory norms and protocols for COVID-19 safety, and increasing sales of COVID-19 safety equipment, such as N-95 masks, face shields, PPE kits, and hand sanitizers, have driven the global pharma & healthcare industry revenue growth over the recent past.  

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Keyword Market Segmentation:

Product Type Outlook (Revenue, USD Million; 2017-2027)

  • Surgical Robotic Systems
  • Assistive & Rehabilitation Systems
  • Hospitals & Pharmacy Robotic Systems
  • Non-Invasive Radiosurgery Robotic Systems
  • Accessories
  • Others

Application Outlook (Revenue, USD Million; 2017-2027)

  • Orthopedics
  • Laparoscopy
  • Neurology
  • Pharmacy
  • Others

End-Users Outlook (Revenue, USD Million; 2017-2027)

  • Hospitals
  • Ambulatory Surgical Centers
  • Pharmaceutical & Biotechnology Industries
  • Others

Global Keyword Market Report: Regional Segmentation

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Rest of MEA

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Frequently Asked Questions Answered in the Report:

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