The Global Medical Robot Market was valued at USD 8.25 billion in 2019 which is expected to reach USD 25.14 billion by 2027 at a CAGR 22.62%. The Qualiket Research study provides valuation and analysis of Global Medical Robot Market on a global as well as regional level. The report covers a comprehensive assessment of industry latest trends, drivers, restraints, opportunities, avenues, along with analysis of the COVID-19 impact on Global Medical Robot Market during this forecast period.
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Medical Robots are used in medical sector ranging for various application including Cardiology, Laparoscopic, Neurology, Orthopedic, and Others. Rise in efficiency of these robots in performing tasks which include surgeries have been pivotal in the rapid adoption of medical robots in the medical industry.
Rise in demand for accurate laparoscopic surgeries as well as growing need of surgical procedures in geriatric population are the key driving factors which are expected to boost the global medical robots market growth. Furthermore, rise in trauma injuries will have the positive impact on market growth. Moreover, increase in technological advancements and per capita healthcare spending will propel the market growth. In addition to that, increase in number of technology transfer collaborations with third party suppliers to develop new application for robotic system which is expected to drive the market growth.
On the basis of region, the global medical robot market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America is expected to hold the largest market share of medical robot market and will dominate the market growth during this forecast period. Further, Europe is the second-largest revenue contributor for the medical robots market. Also, Asia Pacific is the fastest growing region in the medical robot market during this forecast timeline.
The global medical robot market is segmented into product type, application, end user, and region.
On the basis of product type, the global medical robot market is segmented into Non-Invasive Radiosurgery Robots, Surgical Robots, Pharmacy & Hospital Automation Robots, Rehabilitation Robots, and Accessories and Instruments.
On the basis of application, the global medical robot market is segmented into Cardiology, Laparoscopic, Neurology, Orthopedic, and Others.
On the basis of end user, the global medical robot market is segmented into Clinics, Hospitals, and Ambulatory Surgical Centers.
Market Key Players
Various key players are profiled in global medical robot market are Stryker Corporation, Mazor Robotics, Ekso Bionics Intuitive Surgical, Hocoma, Hansen Medical, Accuray, Omnicell, ARxIUM, and Kirby Lester.
To Purchase This Report Details @ Global Medical Robot Market
- The Qualiket Research study provides a detailed analysis of drivers and factors that limit the market expansion over the forecast period.
- Comprehensive and quantitative data about changing market trends, competition and opportunities in global medical robot market are covered in the report.
- The Qualiket Research delivers deep dive analysis of leading market players and their key strategies, helps in better understanding the global medical robot market dynamics.
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