The market report offers comprehensive coverage of all the important factors such as market drivers, leading players, latest trends, revenue, growth rate, volume sales, and consumer insights. The rising technological advancements, growing investment for the research on medical robots, and increasing awareness associated with the benefits of robot-assisted training in rehabilitation therapy are the key factors driving the growth of the medical robots market.
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Medical Robots Market Overview: (Including market share, size, trends, statistics, growth, forecast, and industry analysis)
Market Drivers, Trends & Restraints:
The rising technological advancements, growing investment for the research on medical robots, increasing awareness associated with the benefits of robot-assisted training in rehabilitation therapy, and rising initial public offering (IPOs) by medical robot industries are the major factors fuelling the growth of the global medical robots market. One of the exceptional benefit of using robot technologies is the capability to provide high-dose and high-intensity preparation in recovery therapy. Moreover, work on rehabilitation robotics has increased, and the number of robots for medical therapy has significantly grown in the past few years. Furthermore, growing demand for minimum invasive surgeries and rising aged population owing to the benefits allied with these procedures, which include few cuts, reduced scarring, increased safety, decreased pain, small incisions, cost savings, and fast recovery periods, are certain factors that are expected to propel the growth of the market in the upcoming years. The increasing R&D activities and new product introduced by the medical robots industries, that offers cost-effective healthcare facilities, as surgical robots decrease the pre & post-operative cost, followed by a stay in the hospital, which will accelerate the growth of medical robots market. In addition to this, the introduction of nanorobots is predicted to surge the market growth during the forecast period. On the other hand, the factors hindering the growth of the market include the growing safety concern over robotic surgery devices and the rising cost of robotics devices.
Competitive Landscape:
The notable players in the Medical Robots Market are as follows:
- Medtronic
- Stryker Corporation
- Hocoma
- Intuitive Surgical Inc.
- Hansen Medical, Inc.
- Accuray Incorporated
- Omnicell
- Arxium
- Ekso Bionics
- Kirby Lester, LLC
Market Segmentation
Medical Robots Market by Product:
- Instruments & Accessories
- Robotic Systems
- Surgical Robotic Systems
- Laparoscopy Robotic Systems
- Orthopaedic Robotic Systems
- Neurosurgical Robotic Systems
- Rehabilitation Robotic Systems
- Therapeutic Robotic Systems
- Assistive Robotic Systems
- Exoskeleton Robotic Systems
- Other Rehabilitation Robotic Systems
- Hospital & Pharmacy Robotic Systems
- Pharmacy Robotic Systems
- IV Robotic Systems
- Non-invasive Radiosurgery Robotic Systems
- Other Robotic Systems
- Surgical Robotic Systems
Medical Robots Market by Application:
- Laparoscopy
- Orthopaedic Surgery
- Pharmacy
- Neurosurgery
- Other Applications
Medical Robots Market by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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