Sep 19, 2019 (The Expresswire) -- Key companies covered in the Medical Robots Market report include Intuitive Surgical, TransEnterix Surgical, Inc., Auris Health, Inc. (Hanssen), Verb Surgical Inc., MICROBOT MEDICAL INC., Zimmer Biomet, Stryker, Accuray Incorporated, Ekso Bionics, Hocoma, Aethon, and InTouch Technologies, Inc.
As per a report, titled “Global Medical Robots Market: Global Market Analysis, Insights and Forecast, 2018-2025” by Fortune Business Insights, the global medical robots market is gaining traction due to advancements in IoT and embedded systems. Concepts such as artificial intelligence (AI) have been game changers for the medical robots. Automated bots provide increased efficiency due to operational stability, as manual surgeries include risk of errors. The increased efficiency they provide, has fuelled demand for medical robots. This will in turn enable the global medical robot market to grow at a healthy rate in the forecast period. Backed by investments for research and development, leading companies are establishing a stronghold in the global market.
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After successful operational trials, medical robots are now gaining trust among healthcare professionals. Artificial intelligence has enabled automated surgeries, that were once mere possibilities. The advent of AI has created various opportunities for improvement in minimally invasive surgeries. A wide range of applications have been made possible by AI, IoT, cloud and other embedded concepts. The aforementioned factors are favoring expansion of the global medical robots market. Encouraged by such recent technological advancements, Fortune Business Insights has predicted that this market will expand at a healthy CAGR in the forecast period.
Medical Robots Assure Ease of Operation in Minimally Invasive Surgeries
In -minimally invasive surgeries a very small incision in made on a patient’s body, through which a device is inserted and navigated to the point of diagnosis. Such sensitive procedures require high stability and even a minute error may disturb neighbouring tissue. Interference in other tissues may lead to undesirable damage and bleeding. Within manually operated surgeries, there are possibilities of such errors and naturally, efficiency of minimally invasive surgeries is reduced and time frame is increased. The use of medical robots in minimally invasive surgeries may reduce the chances of error, thereby leading to pushing the success rate of these surgeries. Hence, use of medical robots in minimally invasive surgeries will create growth opportunities for the global medical robot’s market.
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Notable Industry Developments in Recent Years Have Favoured the Global Market
The healthcare industry has witnessed some praise-worthy developments that have not simplified surgical procedures, but also created cost reductions in minimal invasive surgeries. In 2016, Virtual Incision launched miniature robots, aimed at application in colon resection procedures. The company received allocates for this product from leading organizations. The WPI’s Automation and Interventional Medicine Lab(US) launched its Penguin for Autism Behavioral Intervention, which was aimed at treatment of people diagnosed with autism. This concept was primarily aimed at reducing costs associated with the alternative autism treatment programs. Such industry developments have favored growth of the global medical robot’s market.
Relaxation in Government Rules for Medical Robots to Induce Better Growth Prospects
In recent years, government policies regarding the use of medical robots have been eased to a certain extent. This has encouraged healthcare companies to act quickly. To capitalize on these opportunities, healthcare companies are taking efforts to develop their own products. This, in turn is boosting the global market and is likely to favour the market in the forecast period.
KEY QUESTIONS ANSWERED:
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Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
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