Key segments present in the global medical robot market

Medical robots are one of the most efficient innovations of the healthcare industry. The concept was earlier disregarded as unreliable and unsafe but the advancement in robotics and automation has made medical robots a trustworthy invention. Increase in funds to develop more advanced robots has provided a major boost to the global market for medical robots. The demand for medical robots has increased owing to the implementation of robot assisted training programs in rehabilitation therapies. Nanobots are making a mark in the global healthcare industry by being used for treating fatal diseases such as cancer.

The global medical robot market is segmented on the basis of product, application and region. On the basis of product, the market is divided into accessories, instruments and robotic systems. The robotic system is further classified into surgical robots, rehabilitation robots, radiosurgery robots, telemedicine robots, hospital robots and pharmacy robotic systems. Based on application, the global medical robot market is categorized into laparoscopy, neurology, orthopedics, gynecology, urology, cardiology, nanomedicine, rehabilitation, and medical education.

Geographically, North America dominates the global medical robot market due to increasing adoption of medical robots, along with favorable funding and research conditions in the region. Europe and Asia-Pacific project positive growth trends due to the increase in investment in the medical and healthcare industry. 

High cost of installation and equipment, along with doubts regarding the reliability of medical practices performed by robots is hindering the smooth growth of the global medical robot market.