Medical robots are professional service robots that are used in and out of hospitals to improve overall patient care. They reduce the workload of medical staff, allowing them to spend more time directly caring for patients while developing substantial operational procedures that provide efficacy and lower cost investments in healthcare amenities. According to the International Federation of Robotics World Robotics 2018 Service Robots, medical robot sales increased by 73% in 2017 over 2016, accounting for 2.7 percent of total professional service robot sales. Because of the growing geriatric population, medical roots are being used to perform minimally invasive surgeries on patients, making them more cost-effective.
Other major drivers expected to fuel the growth of this market include the various benefits provided by robot-assisted training in rehabilitation therapy, rising disposable income among consumers, technological advancements, and increased funding for medical robot research. Meanwhile, growing safety concerns about robotic surgery devices are expected to stymie the growth of the medical robots market during the forecast period. Furthermore, the issuance of IPOS by medical robot companies contributes to the growth of the Medical Robots Market. The rapid growth of the geriatric population, as well as increasing patient preference for minimally invasive surgeries, will accelerate the expansion of the medical robots market and provide significant growth opportunities for the market from 2021 to 2028. Furthermore, the high cost of robotic systems will pose a challenge to the growth of the medical robots market.
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