Medical Robotic Systems Market to be Propelled by Greater Advancements in the Area of Robotic Technology

According to a recent market study published by Transparency Market Research (TMR), the global medical robotic systems market was valued at US$5.48 bn in 2011 and is predicted to reach US$13.6 bn in 2018. It is expected to expand at a healthy CAGR of 12.60% from 2012 to 2018.

According to the report, the medical robotic systems market is majorly fuelled by the enhancement of automation technologies, rising baby boomer population, and the rising incidence of disabilities in human beings that impede their day-to-day physical motions. Furthermore, the absence of skilled medical personnel, the soaring cost of human workers, and rising healthcare costs have raised the inclination of hospitals for automating their operations and adopting methods of lean hospital management. This trend has raised the demand for medical robotic systems all around the world. On the other hand, the soaring purchase and installation costs of medical robotic systems may impede their demand in the coming years, especially in emerging economies.

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Rapid growth is expected in other segments such as non-medical robots in hospitals and assistive and rehabilitation systems. The non-medical robots in hospitals comprise a wide range of robots such as telemedicine robots, cart transportation robots and robotic hospital pharmacy systems. At present, thousands of hospitals in the U.S. and Europe have integrated transportation robots in their operation systems. It is believed that incorporation of automation in day-to-day non-critical tasks in hospitals would result in saving human labor and also ultimately lower healthcare costs.

Geographically, the overall medical robotic systems market is led by North America followed by Europe. High awareness about the technological advancement in healthcare both among healthcare providers and the general population is the prime factor which contributes to the market leadership of these regions. However, with the improvement in healthcare infrastructure and simultaneous growth in healthcare expenditure will result into growth in demand for medical robots in the emerging markets such as Asia-Pacific, Middle-East and Africa.

Some of the key players in this market include Intuitive Surgical, Inc., MAKO Surgical, iRobot Corporation, Hansen Medical, and Accuray, Inc. Rapid innovation in robotic technology in healthcare and increase in demand for automation of healthcare services will lead to introduction of more market players in the future. Some of the other important players in this market are Swisslog Holding Ltd., Varian Medical Systems, McKesson Corporation, Renishaw plc, Stereotaxis, Inc. and others.

Browse the full Medical Robotic Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018 report at http://www.transparencymarketresearch.com/medical-robotic-systems.html