The new dynamics around the Global Healthcare Robotics Market



The dynamics around the Healthcare robotics are increasingly exciting. From Robotic surgery that increases accuracy and minimizes the chances of error, to Robots that allow doctors to work more productively by assisting many complicated and difficult procedures that require extremely high skill and precision during the operation; it is obvious that, we are now witnessing to the takeoff of the healthcare robotics.

Artificial heart.

Technavio analysts expect the global healthcare robotics market to exceed USD 6 billion in 2019, growing at a CAGR of over 12%.
One can observe the increasing use of robotic surgery in areas such as orthopedic surgery, neurosurgery, urology, and cardiology.  

According to Bharath Kanniappan, a lead research analyst at Technavio for robotics, “Healthcare Robotics are also used in rehabilitation and healthcare functions such as food service, medication distribution, infection control, and diagnosis of patients. They can reduce labor costs, add operational efficiencies, increase precision, offer better clinical outcomes, and replace human assistance in critical conditions.”  

Advanced countries such as the US, the UK, and Japan have actively supported the introduction of healthcare robotic systems by offering robots to older people; nursing assistants and companions for personal care. 

According to Technavio, in developing countries such as India and China, governments are providing subsidies for installing and implementing robots in the healthcare sector so as to increase accuracy, efficiency and cost effectiveness.  

Many healthcare centers are investing in robotics to minimize their costs in the long run. The workforce shortage in the healthcare sector is another driver for the healthcare robotics market, and several robotic companies have developed robots to make up for the shortage.