The Global Medical Robotic Systems market is poised to reach $4.4 billion by the end of 2020 growing at a CAGR of 14.5%. A medical robot is a robot that allows physicians greater admission to areas under operation using more accurate and less invasive methods. The goal of using robots in medicine is to provide improved diagnostic abilities, a less invasive and more comfortable experience for the patient, and the ability to do smaller and more precise interventions.
They are in most tele-manipulators, which use the surgeon’s actions on one side to control the “effector” on the other side. Robotic procedures are believed safer in circumstances where humans might make mistakes, as robotic procedures have far greater accuracy and leave slightest margin for error, and therefore having robotic systems in a hospital would be able to make more revenue. Robots can also create improved clinical results and limit labor costs, leading to an exponential growth in demand.
Currently North America is the largest market for Medical Robotic Systems followed by the likes of Europe. APAC is the fastest growing segment. The global medical robotic systems market can be segmented on the basis of Type (Surgical robots, Rehabilitation robots, Bio robots, Telepresence robots, Pharmacy Automation, Disinfection robots, Nano robots), Applications (Neurosurgery, Laparoscopy, Orthopedic and Others), Geography (North America, Europe, APAC & RoW).
Increasing adoption of medical robots in healthcare procedures, technological advances, improved medical outcomes, error minimized procedures, increase in the demand for minimally invasive procedures, rise in the geriatric population and potential benefits associated with the use of medical robots are the major driving factors for the growth of the market.
High cost of the instruments is the major challenge faced by the Medical robots market.
What the report offers
Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Global Medical Robot Systems Market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the Global Medical Robot Systems market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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