The year 2015 was a tipping point, post which the healthcare industry witnessed drastic inception of robotics, estimations are that these robotic invasions are to further grow rapidly in the healthcare field throughout the next few years. Reports are that the Medical Robotics Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of +5% during 2019-2026.
As per “Healthcare Robotics: Global Market Analysis and Forecasts” 2017 report: “The market for healthcare robots, including surgical robots, hospital robots, and rehabilitation robots, will grow in revenue from $1.7 billion in 2016 to $2.8 billion by 2021 at a compound annual growth rate (CAGR) of 9.7%.”
With a bunch of healthcare and robotics reports out there in the market, many of them, interpreting the nature of healthcare and robotics, primarily focus on specific surgical applications. In general, much of this predicted growth in the medical robotics market is attributed to the increasing demand for using precision robotics to perform minimally invasive surgery that is less painful, ensures a shorter hospital stay, and most importantly leads to fewer complications.
Today, there are robotic medical assistants that monitor the patient’s vitals and sound an alert implying when a human presence or intervention is needed in the room. These assistants, acting as a tool, help nurses monitor several patients at once. Furthermore, these robotic assistants also automate the cumbersome process of entering patient information into the patient EHR (Electronic Health Record). Then there are robotic carts that flock hospital corridors, carrying medical supplies; and robotic arms that assist surgeons in surgery, performing tiny incisions rather than those inches-long incisions that are painful, take time to heal, and leave a scary scar.
Robotics has until now proven that it is here to stay and transform the healthcare industry, with its precise and accurate ability to do medical procedures.