Medical Robot Market Projected to Reach $11.36 Billion at 12.58% CAGR Till 2023 | Key players – Omnicell, Intuitive Surgical, Ossur, Accuray, Mazor Robotics, Rewalk Robotics
Medical Robot Market Synopsis:
According to Market Analyst, The value of the global medical robot market is expected to reach a value of USD 11.36 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 12.58% during 2018-2023.
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The market definition for the medical robot market would be the one which take into consideration products for assisting medical practitioners during surgery, for monitoring status of patients, and for increasing accuracy and precision. The major factor influencing the growth of the market in the region is the population. This is because the healthcare technological development in the region is quite low compared to other parts of the world. In addition to that, the development of new technology and awareness about its benefits and usage is not distributed uniformly, i.e., it is mostly present in the urban areas.
Medical Robot Market can be segmented on the Basis of product, application and geography. On the Basis of product, Medical Robot Market can be sub segmented into surgical robot, rehabilitation robot, non-invasive radiosurgery robot and others. Based on Application, Market can be segmented into neurology, orthopedic, cardiology, laparoscopy and others. The neurology application segment is expected to register the highest CAGR during the forecast period.
Furthermore, surgical robots consist of neurological surgery robotic systems, cardiology surgery robotic systems, laparoscopic surgical robotic systems, orthopedic surgical robotic systems and steerable robotics. Rehabilitation robots comprise therapeutic robots, prosthetic robots, assistive robots and exoskeleton robots. The therapeutic robotic systems segment is projected to grow at the highest CAGR during the forecast period. Hospital and pharmacy automation robots includes pharmacy automation robots, IV robots.
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Based on Geography, Asia Pacific is expected to account for the largest share of the medical robots market in 2018. The Asia-Pacific medical robot market is expected to grow to a value of USD 3.47Bn by 2023 at a CAGR of 18.74%.
The Market is segmented and projected on the basis of major key player’s:
2 Intuitive Surgical
5 Mazor Robotics
6 Rewalk Robotics
7 Ekso Bionics
Market segment by Regions/Countries, this report covers:
1 North America
4 Latin America
5 Middle East and Africa
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The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Key Questions Answered in this Report:
1 What will the market size be in 2023?
2 What is driving this market??
3 What are the challenges to market growth?
4 Who are the key players in Medical Robot Market?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 Executive summary
2 Asia-Pacific medical robot market Â market overview
3 Asia-Pacific segment overview
4 Competitive landscape
5 Conclusion and outlook
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