Global Medical Robotic System Market Moving Towards Brighter Future||Covid-19 Impact Analysis By Titan Medical Inc., Hansen Technologies, Renishaw plc, Syndicate Room Ltd, Intuitive Surgical & Others

Data Bridge Market Research has recently added a concise research on the Medical Robotic System Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are iRobot Corporation, Medrobotics Corporation, Titan Medical Inc., Hansen Technologies, Renishaw plc, Syndicate Room Ltd, Intuitive Surgical, Medtronic, DENSO Robotics Incorporated, Accuray Incorporated, Stryker, Varian Medical Systems, Inc., Stereotaxis, Inc., Ekso Bionics, CYBERDYNE INC., BIONIK, Smith+Nephew, Zimmer Biomet, Omnicell, ARxIUM among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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The medical robotic system market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 17.3% in the forecast period of 2021 to 2028 and is expected to reach USD 34.91 billion by 2028.

COVID-19 Price Impact

The COVID-19 had a devastating impact on the global economy. The several establishments have to remain shut while others scale down the operations or put on hold expansion plans as they tried to survive the unprecedented crisis. However, the demand for medical robotics in hospitals is increasing, considering the surgeries done in non-contact patient and healthcare workers environment, time efficiency, and more advantages. Robotics surgeries are known for various features such as better range of motion, better access to the operating area, reduced risk of pathogen spreads and infection. Despite many advancements and applications, there are only 4,000-5,000 robotic surgery centers worldwide because of high cost implementation requirements. The price of robotic surgery depends on surgery facilities and equipment in hospitals. Single medical robot cost around USD 2 million, whereas robotic surgery costs from USD 3,000 to USD 6,000. Considering the COVID-19 Pandemic and high requirement of medical and humanoid robots in hospitals the major market players are trying to manufacture products conveniently.

For instance,

Californian Company ‘Intuitive Surgical’ is known for the best Medical Robot manufacture with their famous brand Da Vinci. The cost of the latest Da Vinci surgical robots costs around USD 2 Million price tags.

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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Medical Robotic System Market Scope and Market Size

Medical robotic system market is segmented on the basis of product, application and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

On the basis of product, the medical robotic system market is segmented into surgical robots, rehabilitation robots, noninvasive radiosurgery robots, hospital and pharmacy robots and emergency response robotic systems. Surgical robots are further segmented into orthopedic surgical robots, neurosurgical robotic systems, laparoscopy robotic systems and steerable robotic catheters. Rehabilitation robots are further segmented into assistive robots, prosthetics, orthotics, therapeutic robots and exoskeleton robotic systems. Noninvasive radiosurgery robots are further segmented into truebeam stx radiosurgery system, cyberknife robotic radiosurgery system and gamma knife perfexion radiosurgery system. Hospital and pharmacy robots are further segmented into telemedicine robots, I.V. Robots, pharmacy robots and cart transportation robots. Emergency response robots are further segmented into ls-1 robotic system and auto pulse plus robotic system.

On the basis of application, the medical robotic system market is segmented into neurology, orthopedics, laparoscopy and special education. Neurology is further segmented into pathfinder surgical system, neuromate surgical system and renaissance surgical system. Orthopedics is further segmented into iblock surgical system, robodoc surgical system, navio PFS surgical system, mako RIO surgical system and stanmore sculptor surgical system. Laparoscopy is further segmented into freehand endoscope holder system, da vinci robotic surgery system and telelap ALF-x surgical system.

On the basis of end users, the medical robotic system market is hospitals, ambulatory surgical centers, rehabilitation centers and others.

Table of Content:

Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Medical Robotic System Market Landscape
• Market Ecosystem
• Market Characteristics
• Market Segmentation Analysis
Part 05: Market Sizing
• Market Definition
• Market Sizing 2021
• Market Size And Forecast 2021-2028
Part 06: Customer Landscape
Part 07: Medical Robotic System Market Regional Landscape
• Geographical Segmentation
• Regional Comparison
• Americas – Market Size And Forecast 2021-2028
• EMEA – Market Size And Forecast 2021-2028
• APAC – Market Size And Forecast 2021-2028
Part 08: Decision Framework
Part 09: Drivers And Challenges
• Market Drivers
• Market Challenges
Part 10: Medical Robotic System Market Trends
Part 11: Vendor Landscape
• Overview
• Landscape Disruption
• Vendors Covered
• Vendor Classification
• Market Positioning Of Vendors

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Competitive Landscape and Medical Robotic System Market Share Analysis

Medical robotic system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical robotic system market.

Customization Available : Global Medical Robotic System Market

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