Research Nester released a report titled “Robotics Assisted Medical Care Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global robotics assisted medical care market in terms of market segmentation by robotic system, application, end-user and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The robotics-assisted medical care market is projected to grow with the fastest CAGR during the forecast period, i.e., 2021-2029, on account of the increasing demand for minimally invasive surgeries. The growing prevalence of chronic diseases is also anticipated to drive the market’s growth over the forecast period. According to the World Health Organization, the burden of chronic disease-related deaths was expected to rise to 73% of the total deaths by the end of 2020. Moreover, it was estimated that 79% of these deaths would occur in developing countries. Further, the prevalence of chronic diseases was expected to increase to 57% in 2020, as reported by the WHO.
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The market is segmented by robotic system into surgical robots, rehabilitation robots, telepresence robots, and others. Among these segments, the surgical robots segment is anticipated to hold the largest share by the end of 2021 in the robotics-assisted medical care market as a result of their increasing adoption in orthopedic surgeries, especially in knee replacement surgeries. According to the National Institute of Health, the orthopedic department began incorporating robotic technology in 1992 for performing total hip replacement surgery.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The robotics-assisted medical care market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share, which is primarily attributed to the region’s robust healthcare infrastructure. Additionally, the demand for minimally invasive surgeries is increasing in the region, which is further projected to cater to the growth of robotics-assisted medical care in the forthcoming years.
Increasing Prevalence of Chronic Diseases to Drive Market Demand in the Future
The growing occurrences of chronic diseases are one of the primary reasons for deaths globally, as notified by World Health Organization. In the United States, chronic diseases, including cardiovascular diseases (CVD), cancer, and diabetes, are the leading cause of death and disability. According to the data provided by the Centers for Disease Control and Prevention (CDC), currently, 6 out of 10 people, especially adults, in the United States are suffering from a chronic disease.
Robotics can be used efficiently in healthcare for the management of chronic diseases and avoiding improper medications. As the growing geriatric population looks for effective ways to manage their medication and monitor their treatment, robotics companies are providing innovative solutions that can perform these tasks. With the development of robotics-based automated medication management and home health care assistance devices, the market is set to witness exponential growth in the future.
This report also provides the existing competitive scenario of some of the key players of the global robotics assisted medical care market which includes company profiling of Stryker, Medtronic, BIONIK, Smith & Nephew, Zimmer Biomet, CYBERDYNE, INC., Intuitive Surgical, Omnicell, and Hocoma. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global robotics assisted medical care market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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