Medical Devices Medical Robots Market is projected to grow up to 17.2% CAGR during the forecasting period ...


Medical Robots Market is projected to grow up to 17.2% CAGR during the forecasting period 2021-2027.

As a result of the rising need for consistent and accurate processes, which is increasing the investment in the medical industry, it is expected that the medical robots market would experience substantial expansion. Additional factors contributing to the market's growth include the acceleration of the paradigm shift and the automation of everyday life, as well as the rapid increase in the applicability of robot-assisted training in rehabilitation. A significant contributing factor to the expansion of chronic health disorders is also expected to be a significant role in the medical robots market trends throughout the forecast period 2021 to 2027. Rise in the applicability of robot-assisted training in Rehabilitation Therapy is the primary factor driving the growth of the market. Other factors driving growth include the advancement of technological innovations, the increase in disbursements and funding for medical robot startups, and the rising demand for minimally invasive surgeries among the patient population. The medical robotics market can be divided into three categories: products, applications, and end users. These segments' growth will assist you in identifying meagre growth segments in the industries, and they will provide users with valuable market overview and market insights that will assist them in making strategic decisions for the identification of core market applications in the markets they serve. The Global Medical Robots Market study includes an in-depth analysis of the market's many aspects. The research provides a thorough examination of key segments, trends, drivers, and restraints, as well as the competitive landscape and other variables that are playing a significant role in the marketplace.

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Key Driving Factors: Aspects of robotic-assisted surgery and robotic-assisted training in rehabilitation therapy that are advantageous

The demand for minimally invasive surgeries (MIS) is increasing around the world, primarily as a result of the benefits associated with these procedures, which include smaller incisions, fewer cuts, reduced scarring, reduced pain, increased safety, shorter recovery periods, and significant cost savings. These advantages are enhanced by the use of robotic minimally invasive surgery, which ensures improved accuracy and reproducibility while also giving greater control and efficiency.

Opportunities:  A burgeoning medical tourism industry in emerging markets

The medical robotics market is likely to see considerable growth in the coming years, mostly as a result of the increasing use of surgical robots in surgical procedures in emerging regions. During the past decade, the number of surgical procedures performed in emerging markets has increased steadily, owing to an increase in the number of potential patients and an increase in medical tourism.

This report offers the major market player’s profiles, such as  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.,

Based on Application:  The market is segmented into Laparoscopy, Orthopedic Surgeries, Neurosurgeries, Pharmacy Applications, and Other Applications, with the former accounting for the majority of the market. Neurosurgery is expected to be the fastest-growing segment over the projection period, according to market research analysts. The advancement in the precision and quality of medical robots has resulted in an increase in the use of robots in neurosurgery, which has fueled the industry's growth.

The Medical Robots Market report has been categorized as below

By Product & Service

  • Instrument & Accessories

  • Robotic Systems

  • Services 

By Application

  • Laparoscopy

  • Orthopedic Surgery

  • Pharmacy Applications

  • Physical Rehabilitation

  • External Beam Radiation Therapy

  • Neurosurgery

  • Other Applications 

By End User

  • On-premise solutions

  • Cloud-based solutions 

By End User

  • Hospitals

  • Ambulatory Surgery Centers

  • Rehabilitation Centers

  • Other End Users

By Region

  • North America

  •  Europe

  • Asia Pacific

  • Rest of World

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Published Date : September-2021