Medical robotics is a technologically advanced rehabilitation, assistive, and surgical solution, used mostly at the time of complicated surgical procedures. These robots are also widely used in hospital automation and other physical complications. Medical robotics is also known as a computer-assisted surgical system that ensures accuracy in surgeries and also highly used for minimally invasive surgical procedures. Medical robots are mainly a computer-controlled electromechanical device which follows and respond to the commands of surgeons. However, performing surgical procedures with having the assistance of robotic technology is referred to as medical robotic systems.
Going forward, the global medical robotics market is anticipated to grow at a solid pace. The global medic robotics market is projected to register a double-digit CAGR of 21.0% from 2018-2026. This has been stated in a report on the market by Transparency Marker Research.
Quest for Enhanced Operational Efficiency by Medical Professionals to Boost Market
The introduction of medical robotics in healthcare is revolutionizing the entire system. It ensures to deliver improved and better services to patients. The utilization of medical robotics in the medical field has reduced the distance barrier where the physicians can take special care to the patients without travelling to inaccessible areas. Such advantages are driving the global medical robotics market. Along with this, growing demand for medical robotics in critical surgeries such as orthopaedic, cardiac, and neurosurgery, and rising demand for advanced medical facilities are also fueling demand in the global medical robotics market. However, apart from being used in surgery, medical robotics are also highly employed in clinical management, pharmacy, and elderly care. Rising cases of various diseases and increasing investments in research and development are also propelling growth in the global medical robotics market.
Frederic Moll, who is also known as “Bill Gates of robotics”, has put a high-tech spin on the endoscopy instrument with a robot. They call it “Monarch Platform”. This robotic endoscope is operated with a device that looks similar to an X-box game controller. This monarch endoscope can also be extended like a telescope. It a flexible robotic device which gives the doctor a direct view of patients' internal organs. This medical robot is also equipped with software, which guides physicians to a specific part of the lung that they want to evaluate. Such USPs of medical robots are also boosting the growth in the global medical robotics market.
Rising Case of Medical Emergencies Stoke Demand in Medical Robotics Market
Telemedicine features have been utilized by many healthcare industry and hospitals for years. Now, medical robots support surgeons in the operating room by effectively advising their peers during an operation. Growing demand for monitoring patients who have recently been discharged from the hospital and increasing need for Eliminating travel times in medical emergency situations such as stroke are believed to boost the global medical robotics market. In the medical field, medical robots are specifically referred to as "medical telepresence robots". These robots have many health-related applications added to their basic telepresence capabilities.
Rapid Emergence of New Technologies in North America to Contribute to Market Demand
Geographically, North America is expected to lead the global medical robotics market as the region has witnessed huge technological advancement. Increasing demand for innovative and user-friendly communications among physicians and the rapid emergence of new technologies in healthcare could also be responsible for fueling the global medical robotics market in the region.