Coherent Market Insights

Healthcare Robotics Market to Surpass US$ 25,205 Million by 2028

Healthcare Robotics Market to Surpass US$ 25,205 Million by 2028 - Coherent Market Insights

Publish On: Jan 03, 2022

Global Healthcare Robotics Market, by Product Type (Systems (Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots, Hospital and Pharmacy Robots, and Others) and Instruments & Accessories), by End User (Hospitals, Pharmacies, Rehabilitation Centers, and Home Care Settings), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 9,520 million in 2021 and is expected to exhibit a CAGR of 14.8% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.

Key players operating in the market are focusing on inorganic strategies such as mergers, acquisitions, partnerships, and collaborations and this is expected to drive the market growth over the forecast period.

For instance, in October 2019, Stryker Corporation, a U.S. based multinational medical technologies corporation, acquired Mobius Imaging, LLC, a leader in point-of-care imaging technology. This acquisition is expected to increase product portfolio of Stryker in orthopedics, spine, and neuro-technology.

Global Healthcare Robotics Market– Impact of Coronavirus (COVID-19) Pandemic

COVID-19 outbreak was first reported on December 31, 2019, in Wuhan, China. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 261,435,768 cases and 5,207,634 deaths due to Coronavirus (COVID-19) were reported up till November 30, 2021, across the globe.

The COVID-19 pandemic has affected several markets across the globe by hampering the demand and supply in healthcare sector. COVID-19 has raised the demand for medical robots in the healthcare industry. These robots are utilized in various medical applications such as mental and physical rehabilitation, surgery, prosthetics, and diagnostics. Utilization of medical robots will minimize threat of infection to doctors and medical staff by avoiding person to person contact. Robots are suitable to take care of patients in the current COVID-19 situation by replacing or minimizing workload of healthcare professionals in hospitals.

Browse 26 Market Data Tables and 30 Figures spread through 222 Pages and in-depth TOC on “Healthcare Robotics Market”- Global Forecast to 2028, by Product Type (Systems (Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots, Hospital and Pharmacy Robots, and Others) and Instruments & Accessories), by End User (Hospitals, Pharmacies, Rehabilitation Centers, and Home Care Settings), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in the Global Healthcare Robotics Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/healthcare-robotics-market-4847

Key players operating in the market are focusing on adoption of inorganic growth strategies such as mergers, collaborations, partnerships, and acquisitions, in order to strengthen their position in the global market.

For instance, in October 2019, Siemens Healthineers AG, headquartered in Erlangen, Germany completed the acquisition of Corindus Vascular Robotics, Inc., one of the global technology leader. The acquisition will expand Siemens product portfolio in precision vascular robotics by incorporating Corindus FDA-approved CorPath system platform. It is the first FDA approved robotic platform designed for interventional physicians.

Key Takeaways of the Global Healthcare Robotics Market:

  • The global healthcare robotics market is expected to exhibit a CAGR of 14.8% over the forecast period, owing to rising launches and regulatory approvals of products. For instance, in October 2019, THINK Surgical, Inc. a medical device company, received the U.S. Food and Drug Administration (FDA) approval to market the TSolution One. It is total knee application to use in total knee replacement/ arthroplasty procedures in the U.S.
  • Among product type, systems segment is expected to account for largest market share during the forecast period, owing to rising prevalence of bleeding disorders. For instance, in January 2019, BIONIK Laboratories Corp. a robotics company, launched Next-Generation InMotion ARM/HAND Robotic System. This system was developed to assist patients with mobility impairments and to improve rehabilitation for stroke survivors.
  • Key players operating in the global healthcare robotics market include Accuray Incorporated., Capsa Healthcare, LLC., Hocoma, Becton, Dickinson and Company, Agilent Technologies, Inc., Titan Medical, Inc., Aurora Biomed Inc., Abbott, Omnicell, Inc., F. Hoffmann-La Roche AG, Stryker Corporation, Medtronic Plc., Parata Systems LLC, avateramedical GmbH, Toyota Motor Corporation, Siemens Healthineers AG, BIONIK Laboratories Corp., THINK Surgical, Inc., Intuitive Surgical Inc., Globus Medical Inc., and Restoration Robotics, Inc.

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