Healthcare Robots Market Value Expected to Reach US $ 32.5 Billion by 2027: Smart Research and Advice


Acumen Research and Consulting, a global provider of market research, in a recently released report titled “Healthcare Robots Market – Global Industry Analysis, Market Size, Opportunities, and Forecast, 2020-2027”

LOS ANGELES, March 22, 2021 (GLOBE NEWSWIRE) – The Global Healthcare Robot Market is expected to grow at a CAGR of approximately 21.3% from 2020 to 2027 and reach a market value of over US $ 32.5 billion by 2027.

The healthcare robots market is expected to exhibit significant growth during the forecast period of 2020 to 2027. Ongoing investment in healthcare sector for advanced infrastructure development supports regional market value. The advantages associated with robots in various surgical and non-surgical healthcare applications further increase regional market value.

The global healthcare robot market is segmented on the basis of products, applications, components, end user, and geography. On the basis of the product, the market is divided into surgical robots, rehabilitation robots, telemedicine robots, pharmacy and hospital, automation robots, non-invasive radiosurgery robots, and robotic catheters. Applications in healthcare robots include neurology applications, cardiology applications, orthopedic applications, laparoscopic applications and others.

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Additionally, component sub-segments include security systems, locomotion systems, user interface, software platforms, energy resources, and visualization systems. The end user of healthcare robots includes hospitals, day surgery centers, rehabilitation centers and others.

On the basis of end user, hospitals occupy the dominant share of the global healthcare robot market and are also expected to continue to dominate throughout the estimated period. The presence of a favorable environment for surgical robots in hospitals contributes to the growth. The high reliability of the number of patients within the hospital staff and the treatment procedure also enhances the growth. Additionally, increased investment in robotic surgery in large hospitals, especially in developing economies around the world, is propelling segmental market value.

North America leads the healthcare robot market with a significant revenue share (USD Million) in 2019. The region has a potential share (%) due to the US economy leading, known for its advance and very high development. health care infrastructure. The continued development associated with the investment is expected to support growth during the forecast period of 2020 to 2027.

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Asia-Pacific, along with its major developing economies like China and India, are expected to experience the fastest growth during the estimated period of 2020 to 2027. The growing number of patients with chronic diseases, l The increase in the purchasing power of people in healthcare services and the increasing attention of global manufacturers to the regional market contributes to the growth of the regional market.

Some of the main competitors are Accuray Inc, Aurora Biomed Inc, Biotek Instruments Inc., Ekso Bionics Holdings Inc, Hansen Medical Inc, Hocoma AG, Intuitive Surgical Inc, Irobot Corporation, Kirby Lester Llc, MAKO Surgical Corp, Mazor Robotics Ltd, Roche Holding AG, Titan Medical Inc, Varian Medical Systems and ZOLL Medical Corp. The main players are continuously involved in the development of advanced solutions in healthcare robotics.

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Some of the major observations regarding the healthcare robot industry include:

  • The US-based Stryker Corporation received regulatory approval in 2020 for the MAKO robotic surgery system in Japan for knee replacement surgeries. In 2019, Stryker Corporation acquired US-based Cardan Robotics and Mobius Imaging, LLC. This strategic acquisition has brought expertise in advanced imaging and robotics, as well as the expansion of the robotics product pipeline, further intended to create potential growth opportunities in the healthcare robotics market in the near future. .
  • Accuray Incorporated, headquartered in the United States, launched the CyberKnife S7 system in 2020. It is a next-generation device that combines advanced precision with speed, as well as motion tracking and motion. Real-time synchronization driven by artificial intelligence (AI) for all stereotaxic radiosurgery (SRS) and stereotaxic body radiotherapy (SBRT) treatments.
  • Irish company Medtronic plc acquired Medicrea in 2020 and the company now owns over 90% of the share capital and voting rights of Medicrea. Medicrea is a pioneer in transforming spinal surgery through artificial intelligence (AI), predictive modeling and patient-specific implants. This strategic acquisition is expected to increase the company’s market share in the near future.
  • US company Intuitive Surgical received US FDA clearance for the da Vinci Single Port Surgical System in 2019.

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