Zion Market Research Medical Robot Market, 2016–2024 | Page 3

Medical Robot Market
Global Medical Robot Market: Growth Factors
Rise in funding rounds in the robotic industry to develop more advanced robots that can be fully
automated to perform various medical practices is driving the growth of global medical robot
market. Scientist and researchers are trying their best to reveal and explore the machine limits
and to make medical robots more efficient in terms of error-reduction and high output results.
Rising implementation of robot-assisted training programs in rehabilitation therapy has boosted
the demand for such efficient medical robot. Development of nanobots which means nanorobots
for treating some of the brutal diseases such as cancer is opening new doors for the medical
treatment facility, which is indirectly fostering the graph of the global medical robot market.
On the other side, the high cost of equipment and installation and safety concerns over robot-
based medical treatment is certainly hampering the growth of the global medical robot market.
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Global Medical Robot Market: Regional Analysis
Geographically, North America is leading the global medical robot market and the region is
expected to retain its dominance due to the adoption of robots in medical applications and
governments keenly backing the robot development projects. Asia-Pacific region is projected to
witness a rapid growth owing to a large number of investors directing their investment on
healthcare and medical industry.