Medical Robotic System Market, by Product Type (Instruments & Accessories, Medical Robotic Systems (Surgical Robots (Orthopedic Robotic Systems, Neurosurgery Robotic Systems, General Laparoscopy Robotic Systems, and Robotic Catheters/ Steerable Catheters), Rehabilitation Robots, Telepresence Robotic System, and Other Robotic Systems), by End User (Hospital and Ambulatory Surgical Center), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Medical robotic systems market is mainly influenced by surgical robots. Robotic systems are used for orthopedics, neurosurgery, laparoscopy, and catheter operations. Advancements in the technology and technique to treat patients by minimal invasive methods are expected to drive growth of the medical robotic systems market. Such systems help in reducing chronic pain and hospital stay, and increases accuracy of surgery, thus being a preferred option. Non-invasive radiosurgery robots provide non-invasive treatment for patients suffering from complex tumors. Such patients cannot undergo normal operation and are treated with radiation Cyberknife, a robotic radiosurgery system. Cyberknife systems deliver high doses of radiation with high accuracy to a broad range of tumors throughout the body.
Increasing use of hospital and pharmacy robots in developed economies are expected to boost growth of the medical robotic systems market over the forecast period.
Market Dynamics
Increasing geriatric population, who are more prone to higher risk injuries due to their weak skeletal system are expected to boost medical robotic systems market growth. For instance, according to the National Institute on Aging, 617 million people were recorded to be 65 years of age and above, accounting for 8.5% of the world's population in 2015, which is expected to increase triple, reaching to 1.6 billion, representing 17% of the global population by 2050.
However, high cost of installation and maintenance of medical robotic system is expected to hinder growth of the market during the forecast period. The cost of medical robotic products, such as robotic surgical systems, ranges from US $ 1 million to US $ 2.5 million per unit.
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