Europe Medical Robots Market Analysis and Growth at CAGR of 20.47%

According to the report Europe Medical Robots Market, published by Market Data Forecast, the market is projected to reach USD 3.11 billion by 2021, at a CAGR of 20.47% from 2016 to 2021.
A medical robot is a robot used in medical sciences. Medical robots can be used in various fields in medicine to aid or support medical professionals according to the needs. Various types of medical robots include surgical robots, Rehabilitation robots, bio robots, telepresence robots and pharmacy automation robots and any more. ‘da Vinci’ is one of such robots. Da Vinci surgical system is used by surgeons to have a magnified 3D high-definition vision and it also consist of wristed instruments that allow the surgeon to have better reach and precision during incisions.

Use of robots in healthcare reduces the need for manpower and resources. Works such as taking blood and checking for vital signs can be done by robots more precisely than nurses and efficiently. Moreover, robots do not have any prejudices to take care of sick people unlike humans. For people living out of reach of emergency services, telemedicine comes in handy. Both doctors and patients can interact using devices of their choice and can have emergency consultations during stroke or such cases.

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Europe Medical Robots Market: Drivers and Restraints
Various technological advancements in the field of robotics and their applications in healthcare, increase in funding for research and development in medical robotics and increasing use of robot-assisted training in rehabilitation centers are the major driving factors for the growth of medical robots market. Increase in use of robots in healthcare by healthcare providers and increasing adoption of medical robots among people are also driving the market. High costs of robotic devices and concerns of patients over robotic surgery devices and the dangers of malfunctions during surgeries are the major restraining factors for the market.

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Europe Medical Robots Market: Segmentation
By Product
• Surgical Robots
o Laparoscopy Robotic Systems
o Orthopaedic Robotic Systems
o Neurosurgical Robotic Systems
o Steerable Robotic Systems
• Rehabilitation Robotic Systems
o Therapeutic Robotic Systems
o Assistive Robotic Systems
o Prosthetic Robotic Systems
o Orthotic Robotic Systems
o Exoskeleton Robotic Systems
• Non-Invasive Radiosurgery Robotic Systems
• Hospital & Pharmacy Robotic Systems
o Pharmacy Robotic Systems
o IV Robotic Systems
o Telemedicine Robots
• Other Robotic Systems
By Application
• Laparoscopy
• Orthopedics
• Neurology
• Special Education
• Other Applications

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Europe Medical Robots Market: Overview
Medical robots are going to revolutionize the future of medical sciences. As for now, the use of medical robots is limited to surgeries and rehabilitation centers but with increasing adoption of technology in healthcare and much advancement in the robotics industry, medical robots market is expected to gain momentum and is projected to grow at a CAGR of 20.4%. Robots such as exoskeletons are extensively coming into use by disabled and paralyzed patients with proper guidance from rehabilitation centers. However, high costs and technical glitches are raising the concern among people and thus restraining the market growth.
According to the segmentation by product, surgical robots dominate the market share because of their extensive use and high success rates among the patients. According to the application, laparoscopy dominates the market share whereas neurology is the fastest growing segment with highest CAGR.

Europe Medical Robots Market: Region-wise Outlook
On the basis of geographical analysis, the market is analyzed under various countries namely U.K, Spain, Germany, Italy and France. Europe is the second largest market for medical robots, only next to North America. The developed countries of Europe are quickly adopting medical robots in healthcare resulting in the tremendous growth rate of the market during forecast period.

Key Questions answered:
• What is the competitive landscape and market share of major players in the medical robots market in Europe?
• What are the views of health care providers regarding the use of for medical robots?
• What are the key, high growth markets that for medical robots manufacturers should expand into? Which market segments are growing the fastest?
• What is the current and future for medical robots market outlook in Europe? What trends are affecting the Europe market?
• What are the challenges and restraints that have restricted widespread adoption of for medical robots in Europe?

Europe Medical Robots Market: Key Players
Some of the major leaders of the Medical Robots market include Intuitive Surgical Inc., Hocoma AG, Stryker Corporation, Hansen Medical Inc., Omnicell Inc., Accuray Incorporated, Arxium, EKSO Bionics Holdings Inc., Mazor Robotics Ltd, and Kirby Lester LLC.

Reasons to buy Europe Medical Robots Market Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.

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