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Medical Robots Market to Transform the Face of Healthcare Industry

From driver less cars being rolled out recently to robots performing surgeries, technology has surely made a stellar progress. One such example is medical robots. Medical robots are set to revolutionize the healthcare sector, especially surgeries, since they are becoming more and more acceptable, globally. They not only help in reducing the time of surgery but also ensure the accuracy of the whole process coupled with better quality of patient care, thereby increasing the demand for surgical robots across the globe.

Market Drivers:

The growth of the global medical robots market can be majorly attributed to the following factors:

· Lack of healthcare professionals

· Need for better quality of life for disabled and aging population

· Rising need for better surgical procedures

· More focus on developing technologically advanced robots

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Market Scenario

The key factors propelling the growth of the market are technological advancements in medical robots, advantages offered by robot-assisted training in rehabilitation therapy, increase in funding for medical robot research, and the issuance of IPOs by medical robot companies. Rapid growth in the geriatric population and rising patient preference for minimally invasive surgeries is likely to offer growth opportunities during the forecast period. Base year considered for the report is 2017 and the forecast period is 2018–2023.

According to the Centers for Disease Control and Prevention (CDC), stroke is the leading cause of serious long-term disability in the US. Impairments that result from stroke include fatigue, hemiparesis, and difficulties with walking. It is vital for stroke patients to regain their walking ability by actively participating in the rehabilitation process to avoid secondary complications such as osteoporosis or heart disease. In 2017, a study published in the Hong Kong Physiotherapy Journal compared robotic-assisted gait therapy (RAGT) with traditional physiotherapy in 14 patients. The results of this study stated that RAGT could provide stroke patients with extra benefits in terms of ambulation, mobility, and balance as compared to physiotherapy. Also, in 2013, a study conducted by UK-based Cochrane Collaboration concluded that stroke patients who engaged in robot-assisted gait training for their rehabilitation demonstrated improved recovery in independent walking as compared to patients who only pursued conventional gait training. Switzerland-based Hocoma’s Lokomat Pro is a popular therapeutic robot that provides effective gait training for stroke patients at rehabilitation centers worldwide. Balgrist University Hospital (Switzerland), Spaulding Rehabilitation Hospital (US), MossRehab (US), Tan Tock Seng Hospital (Singapore), and Wellington Hospital (UK) are some of the rehabilitation centers using Lokomat for their therapy sessions.

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Medical Robots Market to Transform the Face of Healthcare Industry

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Last Updated: 25-May-2021