Global medical robots market to reach $ 12.80 billion by 2021

However, the rehabilitation robot systems segment is expected to grow at the highest CAGR during 2016-2021. Factors attributing the high growth of this segment include increasing adoption of exoskeletons for rehabilitation therapy, rising prevalence of stroke, increasing use of assistive robots by geriatric population, and growing use of therapeutic robots for autism.

On the basis of application, the medical robots market is segmented into laparoscopy, orthopaedics, neurology, special education, and other applications (gynaecology, urology, cardiology, and nanomedicine). 

In 2016, the laparoscopy segment is expected to command the largest share of the market. Rising number of robotic laparoscopy procedures, regular congresses and meetings, and increasing number of FDA approvals for laparoscopy procedures are the key factors contributing to the largest share of medical robots for laparoscopy. However, the neurology segment is likely to grow at the highest CAGR during the forecast period. Factors attributing to the highest growth of this segment include rising prevalence of neurological disorders, coupled with the increasing interest in the use of robots in neurological surgeries and rehabilitation.