North American Market Forecast
North America industry is poised to account for largest revenue share of 34% by 2037. The growth of the market can be attributed majorly to the presence of a strong healthcare network in the region, a growing number of hospitals and diagnostic & imaging centers, as well as the rising awareness amongst the healthcare service providers for advanced robot-assisted minimally invasive diagnostic imaging devices. According to the 22nd edition AHA Hospital Statistics report, published by the American Hospital Association (AHA), the total number of community hospitals in the United States in the year 2021 was 5139, while the total number of admissions in all the hospitals across the nation during the same period was recorded to 33,356,853.
APAC Market Statistics
Additionally, the market in the Asia Pacific region is further expected to witness noteworthy growth during the forecast period. The market in the region is projected to grow on the back of an escalating number of the geriatric population backed by the higher prevalence of cardiovascular diseases. In 2019, approximately 10 million people lost their lives owing to cardiovascular diseases in Asia. Furthermore, significant investment in medical robotics by the government and other organizations is also projected to expand the market size in the region over the forecast period.
Author Credits: Radhika Pawar
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