The medical robots market is projected to reach USD 15.80 Billion by 2022 from USD 5.90 Billion in 2017, growing at a CAGR of 15.1% during the forecast period.
The growth of the medical robots market market can be attributed to the issuance of IPOs by medical robot companies, advantages offered by robot-assisted training in rehabilitation therapy, growing hospital investments in medical robots, increasing funding for medical robot research, and technological advancements in the field of medical robots.
In the coming years, the market is expected to witness the highest growth rate in the Global region. The high growth in the region can be attributed to the growth in the number of approvals of robots for medical use in Japan, rising prevalence of cancers in China, growing robotic procedures backed by rising number of hospital beds in India, rising adoption of medical robots in Asia, funding collaborations across the Asian region, and training programs in Australia.
On the basis of product, the market is segmented into instruments & accessories and medical robot systems. The medical robot systems segment is further fragmented into surgical robots, rehabilitation robots, noninvasive radiosurgery robotic systems, hospital & pharmacy robots, and other medical robotic systems (capsule robots and robots for emergency medicine).
In 2017, the surgical robots segment is expected to command the largest share of medical robot systems. However, the rehabilitation robot systems are likely to grow at the highest CAGR during the forecast period.
On the basis application, the medical robots market is segmented into laparoscopy, orthopedics, neurology, special education, and other applications (gynecology, urology, cardiology, and nano medicine). The neurology application segment is expected to grow at the highest CAGR during the forecast period.
However, the laparoscopy segment is estimated to command the largest share of the market, by application in 2016.
By Regions, this report covers (we can add the regions/countries as you want)
Medical Robots Market, by Product
Instruments & Accessories,
Medical Robot Systems,
Noninvasive Radiosurgery Robots,
Hospital & Pharmacy Robots,
Other Medical Robotic Systems,
By types, the market can be split into
Medical Robots Market, by Application
Laparoscopy, Orthopedics, Neurology, Special Education, Other Applications.
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