(EMAILWIRE.COM, August 03, 2018 ) According to the report “Medical Robots Market was worth USD 7.19 billion in 2018 and estimated to be growing at a CAGR of 21.1%, to reach a market size of USD 18.73 billion by 2023.

The Medical Robots market is showing evident potential in the mentioned forecast period. The medical robots market continues to gain momentum with increasing technological advancements in the field of healthcare and pharma, which has helped the doctors to treat patients with ailments which can’t be treated as effectively by a human surgeon. Thus, more and more companies have been showing interest in this market.

Medical Robots are nothing but robots used in medical sciences. There are different types of medical robots including surgical robots and others. These medical robots help in carrying out task with more precision than an unaided human surgeon or provide the option of remote surgery in case of unavailability of human surgeon.

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Global Medical Robots Market: Drivers & Restraints
The technological advancements in the healthcare department have been one of the major factors driving the Medical Robots market. Apart from this, the other factors contributing to the growth of the market are Increase in funding for Medical Robots research, Issuance of Ipos by Medical Robots companies, growing hospital investments in Medical Robots and the advantages offered by Robot-Assisted Training in Rehabilitation Therapy. Besides drivers, there are some challenges and restraints faced by the market as well. The major ones include, safety concerns over Robotic Surgery Devices and high cost of Robotic Systems with unjustified cost benefits of Robotic Surgeries

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Global Medical Robots Market: Segmentation
By Product Type
• Introduction
• 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 Assisstive Robotic Systems
o Prosthetic Robotic Systems
o Orthotic Robotic Systems
o Exoskeleton Robotic Systems
• Non-Invasive Radiosurgery Robotic Sytems
• Hospital & Pharmacy Robotic Systems
o Pharmacy Robotic Systems
o IV Robotic Systems
o Tekemedicine Robots
• other Robotic Systems
• Y-o-Y Growth Analysis, By Product
• Market Attractiveness Analysis, By Product
• Market Share Analysis, By Product

By Application
• Introduction
• Laparoscopy
• Orthpaedics
• Neurology
• Special Education
• Other Applications
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application

From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization.

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Global Medical Robots Market: Overview
Although neurology is expected to have highest CAGR but Laparoscopy is still predicted to lead the market share. Increasing the demand for advanced treatment methods for various severe diseases, increasing the prevalence of cardiac and neurological disorders and cancer are provides a robust market growth. Increasing the technological advancements and applications of these advancements in critical surgeries propels medical robots market over the forecast period.

This large share can be attributed to rising preference for minimally invasive surgeries, growing number of robotic laparoscopy procedures, and increasing neurological conditions requiring robotic procedures. However, the rehabilitation robot systems segment is expected to grow at the highest CAGR during the forecast period. Factors attributing the high growth of this segment include increasing adoption of exoskeletons for rehabilitation therapy, rising prevalence of stroke, increasing use of assistive robots by geriatric population, and growing use of therapeutic robots for autism.

Global Medical Robots Market: Region-wise Outlook
On the basis of geographical analysis, the medical robots market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Medical Robots market was dominated by North America. North America was followed by Europe and Asia-Pacific. Asia Pacific medical robots market is predicted to grow at a rapid pace in the coming few years.

Key Questions Answered
• What will be the market growth till 2021 and what will be the resultant market forecast in the year?
• What was the market size from 2016 to 2021 ?
• What is the current and future Medical Robots Market outlook in worldwide?
• What trends are affecting the Global market?
• What is the competitive landscape and market share of major players in the Medical Robots space in global?
• What are the key, high growth markets that Medical Robots manufacturers should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the Medical Robots currently on the market? How will emerging technologies fulfil these unmet needs?
• What is physician perception and market outlook of Medical Robots?
• What are the challenges and barriers that have hindered widespread adoption of Medical Robots?

Global Medical Robots Market: Key Players
Some of the major companies dominating the medical robots market, by their products and services include Intuitive Surgical Inc., Stryker Corporation, Hocoma AG, Mazor Robotics Ltd, Hansen Medical Inc, Accuray Incorporated, Omnicell Inc., Arxium, EKSO Bionics Holdings Inc., Kirby Lester LLC.

Reasons to buy Global Medical Robots Market Report:
• Global, 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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