Dublin, Sept. 04, 2023 (GLOBE NEWSWIRE) -- The "Global Healthcare Robotics Market (2023-2028) by Product, Function, and Geography, Competitive Analysis, Impact of Covid-19 and Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Healthcare Robotics Market is estimated to be USD 6.19 Bn in 2023 and is expected to reach USD 13.71 Bn by 2028, growing at a CAGR of 17.23%.
Healthcare robotics is using robotic technology in medical settings to help with tasks including surgery, patient care, and rehabilitation. These intelligent technologies can potentially improve efficiency, precision, and patient outcomes while easing the burden on healthcare staff.
The capacity of surgical robots to increase surgical precision, reduce invasiveness, and shorten recovery times is driving their increasing use in medical treatments. Furthermore, governments and the business sector are increasing their investments in medical robot research, supporting innovation, and propelling developments in healthcare robotics. These reasons contribute to expanding the healthcare robotics industry, which offers potential solutions for improved patient outcomes.
Governments worldwide are beginning to recognize the potential benefits of healthcare robotics in enhancing patient care and lowering healthcare expenditures. As a result, they are implementing laws and programs to encourage the incorporation of robotic technologies in medical facilities. Such measures include financing grants, tax breaks, and regulatory frameworks that foster the adoption and expansion of healthcare robotics, hence promoting market growth.
The demand for minimally invasive treatments increases as consumers and healthcare providers seek less traumatic and more efficient procedures. Healthcare robotics provide an appealing option by improving precision and control during surgeries, resulting in smaller incisions, less scarring, and faster recovery times. This approach opens up huge business prospects for robotic systems that execute complex treatments on patients with minimal bodily damage.
The global adoption of surgical robots is on the rise, driven by their proven benefits in improving surgical outcomes and patient safety. As more countries and healthcare institutions integrate robotic systems into their medical practices, healthcare robotics manufacturers and service providers have a substantial market opportunity to meet the increasing demand for these advanced technologies.
Continuous research and development efforts in healthcare robots result in technological advances and new inventions. From better imaging and sensors to the incorporation of artificial intelligence and machine learning, these advancements improve the capabilities and versatility of healthcare robots. As technology advances, new options for a broader range of medical applications arise, releasing previously untapped potential in the healthcare robotics sector.
However, Robotics' relatively high cost is a market restriction because it might be a significant financial barrier for healthcare organizations and providers, restricting widespread adoption. Healthcare robotics may be too costly for smaller facilities due to the initial investment, maintenance, and training costs.
The shortage of experienced healthcare employees who can operate and maintain robotic devices is referred to as the market challenge of a lack of trained specialists. Inadequate training programs and specialized knowledge constitute barriers to properly utilizing the potential benefits of healthcare robotics and could hinder their wider adoption.
Market Dynamics:
Drivers:
- Growing use of surgical robots and growing fund for medical robot research
- Favorable government initiatives to enhance healthcare facilities
Restraints:
- Relatively high cost of robotics
Opportunities:
- Increasing preference for minimally invasive techniques
- Rising penetration of surgical robots worldwide
- Increasing technological advancement and new innovations in healthcare robotics
Challenges:
- Lack of trained professionals
Companies Mentioned:
- Accuray Inc.
- Arxium
- Auris Health
- Avateramedical GmbH
- Becton Dickinson and Company
- Bionilk Laboratories
- AVRA Surgical Robotics, Inc.
- Corindus Vascular Robotics
- Elekta Company
- Ekso Bionics
- FreeHand 2010 Ltd.
- Hansen Medical, Inc.
- Hocomo Ag
- Hyundai Heavy Industries
- Immersion Corp.
- Intuitive Surgical
- Mazor Robotics, Ltd.
- Medrobotics Corp.
- Medtronic
- Omnicell
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $6.19 Billion |
| Forecasted Market Value (USD) by 2028 | $13.71 Billion |
| Compound Annual Growth Rate | 17.2% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/62tj73
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