The “Global Medical Robots Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Medical Robots Market.
Global Medical Robots Market is valued approximately at USD 5.06 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.5% over the forecast period 2020-27.
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Medical Robots are the professional service system which is mainly used in and out of the hospitals in order to improve the overall process of patient care. The system is helps in reducing the workload of the medical staff instead of spending time in other operations they can take care of patients more directly. The application of medical robots is mainly seen in giving remote caregiving, disinfectant robots to reduce hospital acquired infections, robots that can more accurately and efficiently draw blood. The global rise in demand for minimally invasive surgeries (MIS) is on hike because of certain advantages of the system such as reduced pain, fewer cuts, increased safety, faster recovery periods. For instance , According to iData’s robotic surgery statistics show that in 2017, minimally invasive surgeries accounted for approximately 86% of total robotic surgeries performed in the United States. Therefore, this factor may strengthen the adoption for medical robot market across the globe. Moreover, the higher efficiency of surgical robots to perform laparoscopies surgeries along with more advanced and new technologies continuously being introduced in the market will foster the growth of the market. For instance, according to statistic forecast the estimated global market size for surgical robots in 2016, 2017 and 2025, the market will increase from 4.5 billion to some 12.6 billion U.S. dollars. However, the robot-oriented surgeries are expensive than minimally invasive surgeries are one of the factors that restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global medical robots market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing increase in chronic diseases and demand from key markets of Japan and china. Whereas North America is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, owing rapid increase in end-use applications like hospital robots, surgical robots and others.
Major market player included in this report are:
Intuitive Surgical
Stryker Corporation
Accuray
Omnicell, Inc.
BD Rowa (US)
Hocoma AG
Medtronic
Smith & Nephew
ARxIUM
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product & Service
Instrument & Accessories
Robotic Systems
Services
By Application
Laparoscopy
Pharmacy Applications
Physical Rehabilitation
Neurosurgery
Other
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Medical Robots market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Medical Robots market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Medical Robots market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Medical Robots market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Medical Robots market. It encapsulates indispensable insights extracted from the Medical Robots Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Medical Robots market, including:
- What can be expected for the Medical Robots market in the next decade?
- What are the primary drivers of growth in the global Medical Robots market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Medical Robots market vary based on the size of the end market?
- What is the breakdown of Medical Robots by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Medical Robots market?
Our most recent research report showcases the thriving expansion of the global Medical Robots Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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