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In August 2018, a group of scientists at Massachusetts Institute of Technology and Tokyo Institute of Technology demonstrated a foldable origami robot. This robot can be ingested into the human body and can be controlled by using magnetic fields. According to data published by Diligent Robotics in 2018, “carebots”, the robotic nurse can undertake an estimated 30.0% of workload of nurses in hospitals, which can lead to improved efficiency of workflow in hospital processes. Medical robots are extensively used in surgical procedures, patient rehabilitation and automation of clinical processes.
The precision and workflow accuracy helps healthcare institutions to avoid infections and to offer better patient experience. According to Centers for Disease Control and Prevention, hospital-acquired infections affect an estimate of 1 in every 25 patients admitted to the hospital inpatient setting, and mortality rate of patients suffering from hospital-acquired infections is estimated to be around 11.0% in the U.S. per year. In 2015, Xenex manufactured a medical robot named “Xenex Robot”, which is capable of destroying microorganisms theatre responsible for hospital-acquired infections. Westchester Medical Centre reported an estimated 70.0% drop in hospital-acquired infections owing to efficiency of Xenex Robot, which the medical center installed in 2016.
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Increasing focus on minimally invasive surgeries and a gradual shift of preference towards workflow automation are considerably prominent drivers for the growth of the global medical robotics market. Moreover, high investments in research and developments in terms of technology and expertise are projected to elevate the growth of the global medical robots market during the forecast period.
The high acquisition, installation and maintenance costs of medical robotic systems, and lack of skilled surgeons for operation are some of the major factors restraining the growth of the global medical robots market.
Some of the major companies that are present in the global medical robots market are Intuitive Surgical, TransEnterix Surgical, Inc., Auris Health, Inc. (Hanssen), Verb Surgical Inc., MICROBOT MEDICAL INC., Zimmer Biomet, Stryker, Accuray Incorporated, Ekso Bionics, Hocoma, Aethon, InTouch Technologies, Inc. and others.
Segmentation of the Global Medical Robots Market
By Product Type
· Robotic Systems
Ø Surgical Robots
o General surgery
o Orthopedic Robotic Systems
Ø Telepresence Robots
Ø Rehabilitation Robots
o Prosthetic Robots
o Therapeutic Robots
o Exoskeleton Robots
o Assistive Robots
Ø Pharmacy and Hospital Automation Robots
Ø Medical Transportation Robots
Ø Others (e.g. sanitation and disinfection robots)
· Instruments & Accessories
By End User
· Hospitals & Ambulatory Surgery Centers
· Pharmaceutical & Biotechnology Industries
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Among all product types, surgical robots are estimated to hold the major share in the global medical robotic market due to higher number of installations and higher cost of the surgical robots.
North America is projected to dominate the global medical robotics market during the forecast period, owing to rise in demand of minimally invasive techniques, and predictable and efficient patient treatment with an integration of medical robots in the healthcare settings. Asia Pacific region is projected to register comparatively higher CAGR from 2019-2026, owing to consolidation in the hospital sector, and the increasing number of private players entering the hospital segment. This is expected to drive the investments in the hospital infrastructure in emerging countries, and drive the demand for medical robots in the region from 2019-2026.
Key Industry Developments
· In 2017, Da Vinci surgical robots performed and estimated 877,000 surgeries across the globe.
· In March 2018, Auris Health got FDA approval for its Monarch endoscopic robot.
· In September 2018, US hospitals started trails to check efficacy of “Moxi”, robotic nurse, launched by Texas-based Diligent Robotics, in order to reduce the work pressure of busy nurses.
· In March 2019, FDA issued the warning against utilization of surgical robots for treatment of cancer, especially for treatment of mastectomies and breast cancer.
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