From Rachel Robbins, Senior Vice President at Greenough Brand Storytellers
Medical robotics market is booming
The medical robots market is expected to reach $16.74 billion by 2023, fueled by the increasing benefits of robotically-assisted surgeries. While the biggest appeal for patients, providers and payers alike could be the reduced length of hospital stay and better patient recovery rates, lowering both hospital and patient costs, several growth factors are cited, such as “technological advancements in medical robots, advantages offered by robot-assisted training in rehabilitation therapy, rapid growth in the geriatric population and rising patient preference for minimally invasive surgeries.”
Seeking Alpha outlines the market growth here.
Following news of a doctor in India successfully performing surgery on a patient 20 miles away, news outlets were abuzz about what this could mean for the future of medicine. For expanding patients’ access to care and reducing time to treatment, particularly for time-sensitive illnesses such as heart attack and stroke, the combination of telemedicine and robotics has the potential to have an enormous impact on patients’ lives. For example, MIT researchers unveiled an early prototype of a wormlike robot designed to wind through tiny blood vessels in the brain, break up blood clots that could cause a stroke and restore the flow of blood. The robot is guided by magnets, meaning doctors could direct it remotely from outside the hospital—a game-changer for patients with limited medical resources.
Read more about the groundbreaking procedure in ZDNet.
United Nations advisor Dr. Anushka Patchava says “we’re not there yet” with the use of artificial intelligence in healthcare. Why? Healthcare still requires a human touch. As Dr. Patchava states, it shouldn’t be about replacing doctors and healthcare workers, but embedding technologies within the workflow and finding synergistic partnerships. The result will be safer, more efficient care delivery that benefits both patients and physicians.
Read the interview with Dr. Patchave in Information Age.
Japan leads in advanced robotics for healthcare to support aging nation
Japan’s population is rapidly aging and the country is facing a labor shortage. Japan sees an answer in robots, particularly those that target the elderly and offer a better quality of life. From robotic beds that turn into wheelchairs to robotic therapy animals to treat loneliness, depression and dementia, the Japanese robotics industry continues to contribute to advancements in healthcare.