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Medical Robots Market Worth $ 16.74 Billion by 2023

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News provided by

MarketsandMarkets

31 Jul, 2018, 11:30 GMT

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PUNE, India, July 31, 2018 /PRNewswire/ --

According to a new market research report "Medical Robots Market by Product (Instruments & Accessories, Medical Robotic Systems (Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots)), Application (Laparoscopy, Pharmaceutical Applications), and Region - Global Forecasts to 2023", published by MarketsandMarkets™, the market is projected to reach USD 16.74 billion by 2023 from an estimated USD 6.46 billion in 2018, at a CAGR of 21.0%

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 86 market data Tables and 34 Figures spread through 122 Pages and in-depth TOC on "Medical Robots Market"

https://www.marketsandmarkets.com/Market-Reports/medical-robotic-systems-market-2916860.html

Early buyers will receive 10% customization on this report 

Growth in this market can primarily be attributed to factors such as the advantages offered by robot-assisted training in rehabilitation therapy, increase in funding for medical robot research, technological advancements in medical robots, and the issuance of IPOs by medical robot companies.

"The therapeutic robotic systems segment is expected to grow at the highest CAGR during the forecast period." 

On the basis of product, the Medical Robots Market is segmented into instruments & accessories and robotic systems. The robotic systems segment has been further segmented into surgical robotic systems, rehabilitation robotic systems, noninvasive radiosurgery robotic systems, and hospital and pharmacy robotic systems. The rehabilitation robotic systems segment is further bifurcated into therapeutic robotic systems, assistive robotic systems, exoskeleton robotic systems, and other rehabilitation robots. The therapeutic robotic systems segment is projected to grow at the highest CAGR during the forecast period. Growth in this segment is largely due to the technological innovations such as voice recognition, adaptive programming, improved sensors, and cloud technology that are being integrated into these robotic systems to increase their efficiency and utility.

"The neurosurgery segment is expected to be the fastest growing application segment during the forecast period." 

On the basis of application, the Medical Robots Market has been segmented into laparoscopy, neurosurgery, orthopedic surgery, pharmacy applications, and other applications (medical robotic applications in gynecology, urology, cardiology, nanomedicine, and rehabilitation). The neurosurgery application segment is expected to register the highest CAGR during the forecast period. The high growth of this segment can be attributed to the increasing precision and improved quality of medical robots which have encouraged the use of robots in neurosurgery.

Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=2916860

North America to dominate the market in 2018 

North America is expected to account for the largest share of the Medical Robots Market in 2018, followed by Europe. The large share of this region can be attributed to the increasing adoption of surgical robots by hospitals in the region, favorable funding scenario for research on medical robots, and the availability of technologically advanced medical robots.

Intuitive Surgical (US), Stryker Corporation (US), and Mazor Robotics (Israel) are the key players in the Medical Robots Market. Other players involved in this market include Hocoma (Switzerland), Hansen Medical (US), Accuray (US), Omnicell (US), ARxIUM (Canada), and Ekso Bionics Holdings (US).

Know more about the Medical Robots Market: 

https://www.marketsandmarkets.com/Market-Reports/medical-robotic-systems-market-2916860.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/medical-robotic-systems-market.asp
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets

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