Medical Robots Market Growth and Outlook To 2027: Leading Players Arxium, EKSO Bionics Holdings, Inc., and Kirby Lester, LLC

According to a new market research study titled 'Medical Robots Market to 2025 - Global Analysis and Forecasts by Product, Application and End User. The global medical robots market is estimated to account for US$ 28,776.6Mn by 2025 as compared to US$ 5,740.8 Mn in 2017, growing at a CAGR of 22.3% during the forecast period from 2018 to 2025. The report highlights the trends prevalent in the global medical robots market and the factors driving the market along with those fact as restraint to its growth.

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The growth of the market is expected rise due to the trend of development of therapeutic robots. As the large number of the people are therapeutic robots for companionship and therapy. The therapy robots are developed for assisting patients in recovering. For instance, student researchers at the University of Amsterdam developed Phobot, which is an interactive robot to help children who suffer from anxiety and phobias. When Phobot is confronted by larger objects, it's programmed to react with fear, it raises its eyebrows, turns around, and zips away in a panic. When it's confronted with smaller objects, it is trained to be normal. In addition, Omron (Japan) in 2001 developed and designed NeCoRo, the first robotic lap cats made for senior citizens in the country. The robot gives positive feedback depending on the user's actions. If a user neglected NeCoRo, the robot would be less affectionate the next time the user interacted with it. These types of therapeutic robots are growing trends in the past few years and are expected to grow the market in the future time.

The application segment of the medical robots market is divided into laparoscopy, neurology, orthopedics, gynecology, urology, cardiology, and others. In 2017, laparoscopy segment held the largest share of 56.2% of the market, based on the technology. In addition, the segment is expected to dominate during the coming years owing to its advantages such as, adoption in emergence of data supporting efficacy and safety. Similarly, the orthopedic segment is expected to be the fastest growing application segment for the medical segment. The orthopedics market was valued at US$ 879.2 Mn in 2017.

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Key industry players operating in the field of medical robots across the globe include Intuitive Surgical, Inc., Stryker, Hocoma AG, Mazor Robotics Ltd., Hansen Medical, Inc. (Auris Surgical robotics), Accuray Incorporated, Omnicell Inc., Arxium, EKSO Bionics Holdings, Inc., and Kirby Lester, LLC among others.

The objective or the scope the study was defining, describing, and forecasting the medical robots market on the basis of product, application, end user and region. In addition, analyzing the market structure, profiling the key players of the market, and comprehensively analyzing their core competencies. Tracking and analyzing competitive developments such as new product launches; market consolidations in the medical robots market. Moreover, the aim of the study was providing detailed information regarding the major factors or the reasons that are influencing the growth of the market medical robots in the five major regions such as North America, Europe, Asia Pacific, Middle East and Africa and South and Central America.

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The report segments the global medical robots market as follows:
Global Medical Robots Market - By Product
Surgical Robots
Rehabilitation Robots
Non-Invasive Radiosurgery Robots
Hospital & Pharmacy Robots
Others
Global Medical Robots Market - By Application
Laparoscopy
Neurology
Orthopedics
Gynecology
Urology
Cardiology
Others
Global Medical Robots Market - By End User
Hospitals
Ambulatory Surgical Centers

Reasons To Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the medical robots market.

-Highlights key business priorities in order to assist companies to realign their business strategies.

-The key findings and recommendations highlight crucial progressive industry trends in the global medical robots market, thereby allowing players across the value chain to develop effective long-term strategies.

-Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

-Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

-Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Pune, India

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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