Growing Need for Medical Robots in China
This article is based on a GCiS multi-client report: China Commercial Service Robots Market Research Report.
China’s once abundant labor force has contributed to China’s recent decades of economic success, but in the coming decades the number of percentage of retirees relative to workers should increase substantially. According the People’s Daily, by 2050 China’s senior citizen population (those 60 years old and above) will grow to more than 30% of the total population, up from about 12% today. To meet the growing healthcare needs of this increasingly aging population, a number of medical robotics firms in China were recently founded and are starting to bring their products to the market.
According to a report by GCiS China Strategic Research (China’s Commercial Robotics Market), in 2016, the Chinese medical robots market is valued at RMB 791 Mn, up 34.4% from 2015. By 2021, the medical robot segment is projected to grow to at least RMB 2.2 Bn. From surgical to rehabilitation and homecare, robots look set to transform parts of the nation’s healthcare industry. Robots will be changing the way secondary and tertiary care is delivered and then slowly reshaping primary, home and community care. Already, surgical robots are helping the nation’s surgeons in high-end hospitals accomplish more precise and less invasive procedures. Sales of rehabilitation robots sales have boomed as hospitals improve their rehabilitation units, as per government policy. But the medical robots industry in China is still an emerging one, with many domestic players still in the product development and clinical testing stage.