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Medical Robotic System Market 2021: Global Analysis of Key Manufacturers, Dynamics & Forecast 2026
The Medical Robotic System Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Medical Robotic System market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Medical Robotic System market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Medical Robotic System market.The Medical Robotic System market was valued at USD 8.307 billion in 2020 and is expected to reach USD 28.34 billion by 2026, at a CAGR of 22.18 % over the forecast period 2021 - 2026.
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Top Leading Companies of Medical Robotic System Market are - Accuray Incorporated, Auris Surgical Robotics, Inc. (Hansen Medical Inc.), Intuitive Surgical Inc., Medrobotics Corporation, iRobot Corporation, Tital Medical Inc., Stryker Corporation, Omnicell Technologies, Renishaw PLC, Mazor Robotics, Ltd., MAKO Surgical Corp. (Stryker Corporation), Hitachi Medical Systems, Siemens Healthineers AG, Smith & Nephew Plc and others.
Industry News and Updates:
- June 2019 - ReWalkRobotics, a manufacturer of robotic medical devices for individuals with lower limb disabilities, announced that the US Food and Drug Administration had cleared its ReStoresoft exo-suit system for sale to rehabilitation centers across the United States.
- October 2019 - Stryker completed the acquisition of Wright Medical Group N.V., a global medical device company focused on extremities and biologics. Wright Medical brings complementary product portfolio and customer base to Stryker’s trauma and extremities business. The company is a recognized leader in the upper extremities (shoulder, elbow, wrist and hand), lower extremities (foot and ankle) and biologics market segments, which are among the fastest growing segments in orthopaedics.
- November 2020 - Artificial Intelligence Technology Solutions, Inc. announced that its wholly-owned subsidiary Robotic Assistance Devices (RAD) had received an order from the global top 20 medical devices company with around 50,000 employees for what RAD expects as the first of several HSO (Health Screening Option) units to be deployed at one of their client’s manufacturing facilities.
Key Market Trends:
Surgical Robots to Dominate the Market
- Robotic surgery is a type of minimally invasive surgery which utilizes robotics for performing surgical procedures. These robotic systems are operated by surgeons and consists of miniaturized surgical instruments which are mounted on robotic arms, thus allowing surgeons to perform the surgeries precisely.
- The key factors boosting the surgical robots segment are increasing need for automation in the healthcare industry and the shifting trend towards advanced robotic surgeries.
China to Witness the Highest Growth
- The growing demand for the advance healthcare infrastructure system in APAC is expected to witness healthy growth during the forecast period. China contributes to a majority of market share in the region. Chinese demand for medical robots is mainly driven by the increasing adoption of instrument-based services. The demand is also supported by other factors, such as lack of skilled physiotherapists and caretakers.
- The growing demand for advanced healthcare infrastructure systems in the Asia region is expected to witness healthy growth during the coming period. China contributes to the majority of market share in the region. The Chinese demand for medical robots is mainly driven by the increasing adoption of instrument-based services, and also, the demand is supported by other factors, such as lack of skilled physiotherapists and caretakers.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Medical Robotic System Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Medical Robotic System Market (%),2016 - 2026
- Medical Robotic System Market Share, By Brand
- Medical Robotic System Market Share, By Company
- Medical Robotic System Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Medical Robotic System Market Value Analysis & Forecast
- Promising Medical Robotic System Development by Major Companies
- Detailed Medical Robotic System Portfolio of the Major Companies
- Major Deals in the Medical Robotic System Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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