Medical Robots Market | Boom $17.8 Bn 2025 | CAGR 20.75%
Added: (Wed Jan 09 2019)
Pressbox (Press Release) -
A Market Review And Study On The Global Medical Robots Market And Its Growing Business
Global Medical Robots Market 2018 to Boom $17.8 Billion Value by 2025 at a CAGR of 20.75% Precision Business Insights.
Changing aspects of medical robots market
The medical robots market is mainly driven by following factors such as-
Acceptable use of medical robots in various fields of neurology, interventional cardiology and orthopedic surgery
Technical innovations and applications in medical field, promising government regulatory policies
And lastly, growing awareness together with upsurge in efforts to promote robotic research boost the market growth of the medical robots.
However, lack of skilled technical professionals to perform surgeries and expensive cost impede the medical robots market.
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Medical robots are widely accepted in surgeries such as urological, orthopedic, neurological, gynecological and gastrointestinal diseases. Many medical device manufacturers entered into the medical robotic market by taking over the small-scale surgical robotic system manufacturers. For e.g. Smith & Nephew acquired Blue Belt technology which are known for their robotic system manufacturing for orthopedic surgeries. Many other companies focus on introducing better and advanced robotic prosthetics, orthotics and exoskeleton. The new concept in medical robotics and computer-assisted surgery is rehabilitation robotics.
North America holds the strongest position in global medical robots market due to increased awareness in the physicians towards use of innovative machineries creating productive opportunities for medical robots manufacturers.
Asia-Pacific region is growing at high CAGR due to developing healthcare infrastructure in the region driving the medical robots market. In Japan, promising government initiatives such as robot revolution realization council provides regulatory reform and support healthcare which contribute growth for the medical robots.
Some of the key players in global medical robots market are
Stryker Corporation (U.S.)
Vecna Robotics (U.S.)
Varian Medical Systems (U.S.)
Intuitive Surgical, Inc. (U.S.)
Kirbey lester (U.S.)
Hocoma AG (Switzerland)
Houston Medical Robotics, Inc. (U.S.)
Kinova Robotics (Canada)
IRobot Corporation (U.S.)
Otto Bock Healthcare (Germany)
Notable market development:
Intuitive Surgical Inc., da Vinci Sp surgical system got US FDA (510(k) clearance in 2014.
The medical robots market is divided into following categories-
By product type
Instruments and Accessories
o Surgical Robots
o Rehabilitation Robots
o Non-invasive Radiosurgery Robots
o Hospital Automation Robots
o Pharmacy Automation Robots
o IV Robots
By application area
By geographical regions
The Middle East & Africa
For More Information: https://www.precisionbusinessinsights.com/market-reports/global-medical-robots-market/