A Recent Study Conducted by Market Research Future (MRFR) Reveals that The “Global Medical Robotics Market” is Set to Witness an Impressive CAGR 0f 20.8% During the Forecast Year (2019-2023).
Medical Robotics Market – Synopsis
The impact that robotics has made in the field of medicine is truly undeniable. Today, the technology is utilized in different branches of healthcare thereby simplifying surgical procedures and moreover, making it even more successful. Such efforts have improved healthcare with regards to both cost and outcome. Robotics offer accurate and precise movement capabilities and sensing. Medical robotics is a modern and stimulating field in medical science which includes extensive utilization of telepresence and numerous operations. Though medical robotics is in its infancy, improved methods are developed, and advancements are in progress. With general surgeries, urological and cardiothoracic procedures on the rise, the technology is successfully garnering a noteworthy prominence, the world over.
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Medical Robotics Market – Competitive Dashboard
Some of the leading players in the global medical robotics market include Auroba Biomed Inc (US), ZOLL Medical Corp. (US), Transenterix Inc (US), Hansen Medical, Inc (US), Myomo Inc. (US), Ekso Bionics Holdings Inc (US), Carefusion Inc (US), Kinova (US), Medrobiotics Corporation (US), Intouch Health Technologies Inc (US), Titan Medical, Inc (US), Varian Medical System, Inc (US), Intuitive Surgical Inc (US), Mazor Robotics Ltd (Israel), Aethon Inc (US), KUKA Roboter GmbH (Germany), Hocoma AG (Switzerland), Medtech SA (France), Stryker Corporation (US), ReWalk Robotics (Israel) and Smith & Nephew Ltd (UK).
Medical Robotics Market – Segmental Analysis
The market for medical robotics can be segmented on the basis of products, applications, and regions.
Based on products, it is segmented into assistive robots, therapeutic robots, prosthetic robots, orthotics robots, laparoscopy surgical robotic systems, neurological robotic systems, orthopaedic robotic systems, medical surgical robotic systems, various accessories, IV robots, pharmacy robot.
Based on application, it is segmented into laparoscopy, rehabilitation, cardiology, neurology and more.
Based on Regions, it is segmented into Asia Pacific, Europe, North America and Rest of the World (RoW).
Drivers and Constraints Impacting the Market
Global medical robotics market is an extremely competitive one. Market leaders are concentrating on improving situational awareness of esteemed customers to succeed in their mission. The experienced players are progressively looking to expand the market with the help of different strategic activities like affordable product portfolio, higher investments in research and development, product innovation and mergers and acquisitions. All their efforts will help in bringing changes, expand their presence and also create a niche in the market.
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Medical Robotics Market – Regional Insights
North America leads the global medical robotics market, having a market share of more than 40%. What led to such an impressive market growth here include high healthcare expenditure, growing demand for surgeries that are robot-assisted and rising demand for healthcare infrastructure that is well-developed. The region that has the second most significant share is Europe. The market in Europe is likely to expand at an impressive CAGR during the assessment period. This region’s thriving healthcare sector, which is backed by a strong economy is radiantly fostering the medical robotics market. Meanwhile, the APAC region has also emerged as an important investment destination for market players in recent years. The growth of the market in APAC can be attributed to factors such as continuous development in the healthcare domain and increased demand for leading-edge medical services.
Major TOC for “Global Medical Robotics Market Research Report- Forecast to 2023”
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
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