Medical robots market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 43.22 billion by 2028 and will grow at a CAGR of 22.3% in the above mentioned forecast period.
The medical robots market is predictable to witness significant growth owing to high demand for consistent and accurate processes which is increasing the investment in the healthcare sector. In addition, acceleration for the paradigm shift and automation in the standard of living as well as the rapid increase in the applicability of robot-assisted training in rehabilitation are also contributing to rising in the global market. Also the increase in chronic health conditions is also the key factor flourishing medical robots market trends over the forecast period of 2021 to 2028. Likewise, the increased disbursements and high funding for medical robot startups are also exceedingly influencing the growth of the medical robots market. Also, medical robots have gained the extensive approval by a different range of fields such as interventional cardiological surgery, neurological surgery, and orthopedic surgery which is also highly impacting the growth rate of the target market.
Some other major drivers expected to fuel the growth of this market are the various advantages offered by robot-assisted training in rehabilitation therapy along with growing disposable income amongst consumers and technological advancements as well as the increase in funding for medical robots research. While, the growing safety concerns over robotic surgery devices are expected to impede the growth of the medical robots market in the above mentioned forecast period. Additionally, the issuance of IPOS by medical robot companies is also lifting the growth of the medical robots market.
The rapid growth in the geriatric population and increasing patient preference for minimally invasive surgeries will further accelerate the expansion of the medical robots market and are also are offering significant growth opportunities for the market in the forecast period of 2021 to 2028. Furthermore, the high cost of robotic systems will challenge the growth of the medical robots market.
This medical robots market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on medical robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Medical Robots Market Scope and Market Size
Medical robots market is segmented on the basis of product, application and end users. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the medical robots market is segmented into instruments and accessories, surgical robots, rehabilitation robots, noninvasive radiosurgery robots, hospital and pharmacy robots and others. Surgical robots have further been segmented into laparoscopy robots, orthopedic robots and neurosurgical robots. Rehabilitation robots have further been segmented into therapeutic robots, assistive robots, exoskeleton robots and other robots. Hospital and pharmacy robots have further been segmented into pharmacy robots and IV robots.
- On the basis of application, the medical robots market is segmented into laparoscopy, orthopedic, neurosurgeries, pharmacy and others.
- The end users segment of the medical robots market is segmented into hospitals, ambulatory care centers, clinics, surgical centers and others.
Medical Robots Market Country Level Analysis
Medical robots market is analyzed and market size insights and trends are provided by country, product, application and end users as referenced above.
The countries covered in the medical robots market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the medical robots market owing to the rapid increase in end-use applications like hospital robots, surgical robots and others along with the rising focus of key market players about the rising need for robotics within the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the developing end-use industries in emerging economies such as China and India, thus driving the demand for medical robotics in this region.
The country section of the medical robots market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Medical robots market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical robots market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical robots market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Medical Robots Market Share Analysis
Medical robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical robots market.
The major players covered in the medical robots market report are Intuitive Surgical, Stryker Corporation, Hocoma, Medtronic, CMR Surgical Ltd, Auris Health Inc., Accuray Incorporated, Omnicell Inc., ARxIUM, Ekso Bionics, Capsa Healthcare, TransEnterix Surgical, Inc., Stereotaxis Inc., ReWalk Robotics, Titan Medical Inc., Medtech SA, Aethon, Medrobotics Corporation, InTouch Technologies Inc., McKesson Corporation, Renishaw plc., and Varian Medical Systems, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Medical Robots Market
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