How will Advancing Healthcare Sector Drive Medical Robotic Systems Market in North America?

The increasing geriatric population across the world is one of the key factors responsible for the surging usage of medical robotic systems. Moreover, the rising healthcare costs and dwindling number of healthcare providers and caregivers are significantly boosting the need for alternative caregiving methods. According to the American Association of Retired Persons (AARP), seven people in the age group 45–64 can provide care for every person aged 80 years and above, and this number will decrease massively by 2030, with only 4 people available for providing care for people aged 80 years and above.

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The other major factors pushing the adoption of robotics in the medical sector are the burgeoning use of automated pharmacy systems across the world and increasing demand for medical procedures. Since the last few years, there has been a massive surge in the adoption of automated systems in the healthcare and pharmaceutical sectors, in order to streamline the work processes and optimize the services. Propelled by these factors, the global medical robotic systems market revenue is expected to increase from $7,626.1 million in 2019 to $55,528.1 million by 2030, exhibiting a CAGR of 20.1% during the forecast period (2020–2030).

In the healthcare sector, there are multiple types of robotic systems used, such as surgical, rehabilitation, radiosurgery, and automated dispenser systems. Amongst these, surgical systems are expected to record the highest usage during the forecast period. This is mainly attributed to the increasing preference for minimally invasive surgeries conducted by robotic systems, over the traditionally conducted surgeries, owing to their shorter operating times and lesser-labor-intensive characteristic. In addition to this, robotic surgeries result in lesser recovery time, lesser post-operative pain, and shorter stays at the hospitals.

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This Study Covers

• Historical and the present size of the medical robotic systems market
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings