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Medical Robots Market | Medical Industry Emerging with Robo Technology

Market Increasing with Emerging Technologies | Noninvasive Radiosurgery Robots, Surgical Robots, Rehabilitation Robots, Hospital and Pharmacy Robot.
Rahul Gautam | 25.07.2018
Medical Robots Market © Rahul Gautam
The global medical robots market is growing significantly due to increasing demand for minimally invasive surgeries with the help of robots in the industry.

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The advanced research and development facilities and new product developments by the companies are supporting to address the demand for cost effective healthcare in the medical robots industry. Surgical robots reduce the pre and post-operative cost and length of stay in hospital.

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Some of the factors driving the growth of medical robots market are rise in geriatric population, increasing prevalence of neurological and orthopedic conditions, rising demand for telemedicine, technological advancement in automation of healthcare industry, and increased demand and usage of robot assisted procedures.

Geographically, North America will be leading the global medical robots market in the coming years, due to rise in aging population, growing prominence of rehabilitation robots, and favourable reimbursement policies.

Asia-Pacific is the fastest growing region in the global medical robots market. The major reasons contributing to the fastest growth in the region are increasing healthcare expenditure, large pool of patients, rise in government support and funding, increasing medical tourism, and improving healthcare infrastructure in the region. Moreover, the medical robots market is also growing due to increasing awareness of patients in the emerging countries, such as India and China, of Asia-Pacific region.

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Some of the companies operating in the medical robots market are Accuray, Inc., Titan Medical, Inc., Health Robotics S.R.L., Renishaw Plc., Hansen Medical, Inc., OR Productivity Plc, Mako Surgical Corporation, Swisslog Holding Ltd., Medrobotics Corporation, Intuitive Surgical Inc., ZOLI Medical Corporation, Mckesson Corporation, and Mazor Robotics Ltd.