Renishaw plc-Company profile, Business Overview, Financial Performance, Operating Segments, Strategic Moves, and Competitive Intelligence Report

Medical Robotics and Computer Assisted Surgery Market is expected to garner $20.5 billion by 2022. Medical robotics and computer-assisted surgical system is a technologically advanced surgical, rehabilitation, and assistive solution used mainly during complicated surgical procedures, physical complications, and hospital automation, respectively. The medical robotics and computer-assisted surgery industry is majorly segmented into surgical, rehabilitation, non-invasive radiosurgery, and pharmacy automation robots. The surgical robotics system includes surgeons console, surgical arms, and monitoring systems & software. The surgical robotic systems market achieved prominence in the recent years, owing to rapid technological advancements, increasing investments in R&D, and its extensive application in critical surgeries such as cardiac, orthopedic, and neurosurgery. Furthermore, a wide scope of applications in different surgeries, increasing demand for advanced medical facilities, and rising incidence of diseases, such as cancer and obesity, majorly supplement the growth of the global surgical robotic systems market. In case of rehabilitation robots, the medical robotics and computer-assisted surgery market gained popularity because of the rising aging population prone to the physical disabilities and growing need of automated-assistive rehabilitation solutions.