Robots that are utilized for medical purposes are widely known as medical robots. Medical robots can be measured as the application of robotics technology to healthcare to diagnose and treat diseases or to rectify, reestablish or transform a body function or a body part. Medical robots also deliberate products which are useful for patients with disabilities. The products from this market are utilized more significantly across all the age collections. Moreover, the market of medical robots in Africa is classified into three common sectors which include product segment, application segment, and geography. The key players of this market in general healthcare in Africa are playing an effective role by dominating the huge market share with the effective developments in the technology of medical robots which further benefitted for leading the fastest market growth in the near future. Not only has this, with the effective working of the key players the market becomes more competitive which will result into a huge investment in the research and development programs related to these robots by the new investors in the near future.
The key players of this market are analyzing the techniques of other market players for removing the restraints and accounting the huge market share in the near future in Africa. According to the report analysis, ‘Middle East and Africa Medical Robot Market (2018-2023)’ states that there are several key players which are recently functioning in this market more positively for acquiring the huge market share by doing significant development in the specification of the technology of medical robots includes Omnicell, Ossur, Ekso Bionics and several others. However, by 2023, the value of the global medical robot market is predicted to reach a value of USD 11.36 Billion, escalating at a compound annual growth rate (CAGR) of 12.58% in the period of 2018-2023. In addition, on the basis of product, the market is sub-divided into rehabilitation robot, a surgical robot, non-invasive radiosurgery robot, and several others.
Additionally, on the basis of application, it is further divided into orthopedic, laparoscopy, neurology, cardiology and several others. Furthermore, with the effective applications and classification, the market is spread into numerous regions of Africa includes North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. Not only has this, rehabilitation robots encompass therapeutic robots, prosthetic robots, assistive robots, and exoskeleton robots. Hospital and pharmacy automation robots comprise pharmacy automation robots, IV robots, and others.
In addition, investments to advancement hospitals and clinics made new facilities, and enforce mandatory health insurance arrangements have all been made freshly. In the Middle East, governments through the region have emphasized healthcare as a key focus area in the upcoming years, in light of economic and demographic transitions in these countries. The law specifies that it is compulsory for every person in Dubai, residence visa to be delivered with a basic health insurance policy, which is submissive with the DHA rules, regulations and procedures. Additionally, in the coming years, it is expected that the market of medical robots in the Middle East and Africa will increase positively.
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Ankur Gupta, Head Marketing & Communications