MarketsandMarkets

Medical Robots Market – Segmentation, Growth Drivers, Geographical Analysis and Major Key Players

Rapid growth in the geriatric population and rising patient preference for minimally invasive surgeries is likely to offer growth opportunities during the forecast period.

 

Northrook, IL -- (SBWIRE) -- 12/06/2019 -- Growth in this Medical Robots Market can primarily be attributed to factors such as the advantages offered by robot-assisted training in rehabilitation therapy, increase in funding for medical robot research, technological advancements in medical robots, and the issuance of IPOs by medical robot companies.

What the Market Looks Like?

Predicted to grow at a CAGR of 21.0% during the forecast period, the global Medical Robots Market is estimated to reach USD 16.74 billion by the end of 2023.

By product, the market is segmented into instruments & accessories and robotic systems. In 2017, the instruments & accessories accounted for the largest share of the medical robot's market. The robotic systems segment has been further segmented into surgical robotic systems, rehabilitation robotic systems, noninvasive radiosurgery robotic systems, and hospital and pharmacy robotic systems. In 2017, the surgical robotic systems segment accounted for the largest share of the robotic systems market.

By application, the market is segmented into laparoscopy, neurosurgery, orthopedic surgery, pharmacy applications, and other applications (medical robotic applications in gynecology, urology, cardiology, nanomedicine, and rehabilitation). The neurosurgery segment is estimated to grow at the highest CAGR during the forecast period. This can be attributed to the increasing precision and improved quality of medical robots which have encouraged the use of robots in neurosurgery.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=2916860

What Drives the Market?

The growth of the global market for Medical Robots is primarily influenced by the following factors:

- Advantages Offered by Robot-Assisted Training in Rehabilitation Therapy
- Technological Advancements
- Increase in Funding for Medical Robots Research
- Issuance of IPOS By Medical Robot Companies

Geographical growth scenario of Medical Robots Market;

Geographically, North America is expected to account for the largest share of the medical robots market in 2018, followed by Europe. The large share of this region can be attributed to the increasing adoption of surgical robots by hospitals in the region, favorable funding scenarios for research on medical robots, and the availability of technologically advanced medical robots.

Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=2916860

Leading market players and strategies adopted;

The prominent players in the Medical Robots market include Intuitive Surgical (US), Stryker Corporation (US), and Mazor Robotics (Israel) are the key players in the market. Other players involved in this market include Hocoma (Switzerland), Hansen Medical (US), Accuray (US), Omnicell (US), ARxIUM (Canada), and Ekso Bionics Holdings (US)

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com