(EMAILWIRE.COM, July 20, 2018 ) The growth of the overallmarket can be attributed to the issuance of IPOs by medical robot companies, advantages offered by robot-assisted training in rehabilitation therapy, growing hospital investments in medical robots, increasing funding for medical robot research, and technological advancements in the field of medical robots.

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In the coming years, the medical robots market is expected to witness the highest growth rate in the Asia-Pacific region. The high growth in the region can be attributed to the growth in the number of approvals of robots for medical use in Japan, rising prevalence of cancers in China, growing robotic procedures backed by rising number of hospital beds in India, rising adoption of medical robots in Asia, funding collaborations across the Asian region, and training programs in Australia.

On the basis of product, the medical robots market is segmented into instruments & accessories and medical robot systems. The medical robot systems segment is further fragmented into surgical robots, rehabilitation robots, noninvasive radiosurgery robotic systems, hospital & pharmacy robots, and other medical robotic systems (capsule robots and robots for emergency medicine). In 2016, the surgical robots segment is expected to command the largest share of medical robot systems. However, the rehabilitation robot systems are likely to grow at the highest CAGR during the forecast period.

On the basis application, the medical robots market is segmented into laparoscopy, orthopedics, neurology, special education, and other applications (gynecology, urology, cardiology, and nanomedicine). The neurology application segment is expected to grow at the highest CAGR during the forecast period. However, the laparoscopy segment is estimated to command the largest share of the market, by application in 2016.

In 2016, North America is expected to account for the largest share of the global medical robots market. North America’s leadership in the market can be attributed to can be attributed to favorable reimbursement scenario in the U.S., funding by the U.S. Department of Defense, grants from NSF for research activities in the U.S, rising venture capital investments in the U.S., government support in Canada, and increasing medical robot purchases backed by rising preference for minimally invasive surgeries.

Key players in the global medical robots market include Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Mazor Robotics Ltd. (Israel), Hocoma AG (Switzerland), Hansen Medical Inc. (U.S.), Accuray Incorporated (U.S.), Omnicell, Inc. (U.S.), Ekso Bionics Holdings, Inc. (U.S.), ARxIUM (U.S.), and Kirby Lester LLC (U.S.).

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