Press release
Medical Robotic System Market to See Huge Growth by 2026 | Intuitive Surgical, Stryker, Hocoma, Mazor Robotics, Auris Health Inc
Global Medical Robotic System Market
Rise in technological advancements and increased adoption of these systems worldwide has been one of the major driving factors for the market growth. This trend will see the market rise from an initial estimated value of USD 7.08 billion in 2018 to an estimated value of USD 30.4 billion by 2026 registering a CAGR of 20% in the forecast period of 2019-2026. Increased acceptance of these systems is also acting as a major market driver.
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Market Definition:
Medical robotic systems are self-powered devices aimed at guiding the surgeon, his positioning and manipulation of surgical instruments. These systems aid in performing minimally invasive surgeries effectively and efficiently with utmost precision. They have been variedly used in different types of surgeries already with a high success rate.
US in the region of North America dominated the market share in 2017, and it is set to stay at top again by the end of the forecast period of 2018-2025 growing at a CAGR of 18.4%.
Global Medical Robotic System Market, By Type (Orthopedic Surgical Robots, Neurosurgical Robots, Laparoscopy Robots, Steerable Robotic Catheters, Rehabilitation Robots, Hospital and Pharmacy Robots, Emergency Response Robots, Noninvasive Radiosurgery Robots), Application (Neurosurgery, Orthopedics, Telemedicine, Laparoscopy, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends & Forecast to 2026
For a pervasive understanding of the market, business strategies and latest developments of the vital players accompanied with co-development deals and market size have also been enclosed. Briefly citing, their revenue share, contact information and meticulous SWOT analysis is available. The regions which have been studied in depth are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions.
The report takes a close and analytical look at the various companies that strive for a higher share of the Medical Robotic System Market. Data on the leading and fastest-growing segments along with what drives them has been given.
This report implements a balanced mix of primary and secondary research methodologies for its analysis. The market is segmented on the basis of key criteria.
A bird’s eye view of the Medical Robotic System Industry made available in the report helps readers to understand the key drivers, restraints, challenges, and opportunities that are shaping the Teeth Whitening Products market. Furthermore, the report evaluates challenges experienced from buyers and sellers side.
Key Insights in the report:
The key market players are analyzed and their effects on the market is also observed
Market analysis is conducted for the forecast period of 2018 to 2025, and the market segmentations are observed during that period
The market drivers and restraints have been clearly analyzed for the effect that they have over the market in the forecast period of 2018 to 2025
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Market Segmentation:-
To comprehend Global Medical Robotic System market dynamics in the world mainly, the worldwide Medical Robotic System market is analyzed across major global regions.
North America: United States, Canada, and Mexico.
South & Central America: Argentina, Chile, and Brazil.
Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
Europe: UK, France, Italy, Germany, Spain, and Russia.
Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources
Chapter 2: Executive Summary
Business trends
Regional trends
Product trends
End-use trends
Chapter 3: Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape
Market Drivers:
Increased advancements in the technology and overall adoption is acting as a factor which is driving the market growth
The demand for medical robotic system is on the rise due to their advantages in minimally invasive surgeries and their enhanced abilities in precise procedures
Market Restraints:
Lack of knowledgeable professionals to utilize the robots and their systems act as a major restraint for the market
High cost of installation and maintenance of these systems also causes the market to be restrained
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