The size of the Middle East and Africa healthcare robotics market is expected to be growing at a CAGR of 11.4% from 2021 to 2026.
The geriatric population in this region is significantly growing, mainly driving the growth of the MEA healthcare robotics market. There has been an increase in demand for minimally invasive surgical procedures, which has led to greater application of healthcare robotics systems. In addition, the robotics section included in the healthcare sector offers some of the most innovative products that specifically help terminally ill patients. Various medical device manufacturers have implemented various collaborative strategies involving physicians, surgeons who are experts in their fields to improve the overall operability of medical robots. These experts provided valuable knowledge and contributions to manufacturers, which led to various innovations and technical advances in robotics. This strategy increases the potential for new collaborative processes and innovations in robotics.
Robotic surgeries are usually done for knee replacement, prostate cancer, etc. Hence, the increasing adoption of surgical robots increases the development of the healthcare robotics market. Growing demand for managed care and a shortage of healthcare professionals increased capital for medical robot research. The announcement of IPOS by healthcare robotics companies is driving industry growth. It is part of the major opportunities that will impact the MEA healthcare robotics market in the forecast period.
However, the high cost of purchase, manufacturing, and maintenance of robotics is a key factor limiting the market's growth in the years to come.
Impact of COVID-19 on the MEA healthcare robotics market:
Due to the COVID-19 pandemic, the need for contactless surgery has increased in all countries, leading to an increase in the adoption rate of surgical robots and robotic systems. One of the critical technologies that have made a huge difference in the field is robotics. Many hospitals around the world currently use robots to assist both healthcare workers and patients. In addition, robots have the potential to be deployed to disinfect, deliver medicine and food, measure vital signs, and assist with border controls. But due to the high purchase and maintenance price, the market has not seen strong growth in the MEA region.
This research report on the MEA healthcare robotics market has been segmented and sub-segmented into the following categories:
By End User:
Regionally, there has been great growth in the Middle East when it comes to the health sector. In addition, the government is driving the growth of advanced technological solutions to provide faster treatment solutions, particularly useful for terminally ill patients. All of these, along with quick access to advanced treatments, are some of the major factors contributing to the use of medical robotics in the healthcare industry.
The robotics market in the Middle East is driven by the increasing demand for the robotic automation process. In addition, the increasing adoption of robotics in various application areas is expected to see the Middle East robotics market experience a CAGR of nearly 5.9% during the forecast period.
The Middle East region is leading the MEA healthcare robotics market due to the rapid increase in end-use applications such as hospital robots, surgical robots, and others and the growing attention of major companies on the growing need for robotics in the region.
In the United Arab Emirates, robotic surgery has gained popularity in the healthcare industry. This growth can be attributed to the increasing demand for innovative robotic procedures in patients. In addition, the demand for robotic surgeries is expected to increase due to increased healthcare spending and patient awareness. Several hospitals have integrated robots to perform surgeries for prostate cancer, digestive diseases, urological procedures, and others. In addition, in the recent past, Mediclinic launched its first robotic surgery program in the country. Hence, these developments are expected to complement the growth of the healthcare robotics market in the UAE.
KEY MARKET PLAYERS:
A few of the leading companies in the MEA healthcare robotics market profiled in this report are Accuray Inc., Aethon, Inc., Ekso Bionics Holdings Inc., Hansen Medical Inc., Intuitive Surgical Inc., Johnson & Johnson, Medrobotics Corporation, Microbot Medical, Inc., Rewalk Robotics, Smith & Nephew plc, Stryker Corporation, Titan Medical Inc., TransEnterix, Inc., Varian Medical Systems Inc., and Zimmer Biomet.