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Medical Robotic Systems Market Worth Around 21.5 Billion USD and Showcase Approximately Burgeon CAGR of Around 16.5% In International Market Forecast Till 2024

Press release   •   Apr 30, 2019 07:31 EDT

Global Medical Robotic Systems Market was estimated at USD 6.8 billion in 2017 and is expected to reach USD 21.5 billion in 2024 at a burgeon CAGR of 16.5% during the forecast period.

Factors attributed to the market growth are increasing applications in healthcare sector such as dentistry, diabetes, surgery, among others and advancement in medical imaging such as magnetic resonance imaging, higher resolution, and 3D ultrasound. Moreover, increase in surgeon and patients acceptance of medical robotics technology, and rising number of product approval is further propelling the market growth.

The years used for the assessment are as follows:

Historical year: 2014, 2015 and 2016

Base year: 2017

Forecast period: 2018 – 2024

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RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total global medical robotic systems market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global medical robotic systems market
Finalizing the overall size and share of the global medical robotic systems market

OBJECTIVES:

To analyze market trends, opportunities, drivers, and restraints associated with the global medical robotic systems market
To study market response with respect to the mergers and acquisitions in the industry
To profile key companies operating in the global medical robotic systems market and provide their competitive landscape

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MARKET SCOPE

The research scope for global medical robotic systems market is as follows:

By Product Type

Surgical Robots
Orthopedic Robotic Systems
Neurosurgical Robotic Systems
Steerable Robotic Catheters
Laparoscopy Robotic Systems
Hospital & Pharmacy Robots
IV Robotic Systems
Pharmacy Robotic Systems
Telemedicine Robots
Rehabilitation Robots
Assistive Robotic Systems
Prosthetic Robotic Systems
Orthotic Robotic Systems
Therapeutic Robotic Systems
Exoskeleton Robotic System
Noninvasive Radio Surgery Robots
Other Medical Robotic Systems

By Application

Cardiology Application
Neurology Application
Oncology Application
Orthopedic Application
Urology Application
Laparoscopic Application
Other

By Region

North America
Latin America
Europe
Asia-Pacific
Middle East and Africa

FREE ANALYSIS

Medical robotic system plays an important role in medical field owing to growing number of applications to cure and treat various types of surgery and diseases. Medical robots are classified into different categories as per the requirement such as biorobotics, telepresence robots, surgical robots, UV disinfection robots, rehabilitation robots, among others. The long distance teleroboticsis considered to be an integral part of the wider field of healthcare. The goal is to provide specialized care to patients over long distances, effectively eliminating the need of physical presence.Surgeons and doctors can examine or operate the patient even at different geographic location avoiding huge costs and inconveniencecaused by travelling long distances.

The technology advancement in medical robotic systems has really change the face of healthcare.Surgical robots is the growing segment in the medical robotic systems market because it is widely used in surgery such as open heart surgery, kidney surgery, joint replacement surgery, and among others.The da Vinci Si surgical Robot allows doctors to operate with greater precision and minimal discomfort for the patient.

North America held the largest market share of the global market in 2017. The growth in the region is attributed to technological advancement in medical robotic systems, and growing number of hospitals adopting medical robotics technology. Europe held the second largest share of the global market owing to growing investments in medical robotic systems, and growing number of robotics-related projects in this region. Asia Pacific is expected to grow at the rapid rate over the forecasted period due to presence of emerging economies, improving healthcare infrastructure, introduction of new technologies such as innovation in software and imaging systems.

Some of the key companies operating in the market includes Titan Medical Inc.; MICROBOT MEDICAL INC.; Accuray Incorporated; Medrobotics Corporation; Hansen Medical; Intuitive Surgical, Inc.; Stryker Corporation; TransEnterix, Inc; Ekso Bionics; Mazor Robotics.; KUKA Aktiengesellschaft, and Kawasaki Heavy Industries, Ltd.

Available customization:

With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Medical Robotic Systems Market, by end-use.
Detailed analysis and profiles of additional market players.

Few Important Points From Table of Contents

Global Medical Robotic Systems Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

CHAPTER 1. Market Scope and Methodology

CHAPTER 2. Executive Summary

CHAPTER 3. Industry Analysis

CHAPTER 4. Competitive Outlook

CHAPTER 5. Global Medical Robotic Systems Market Size and Forecast (2014 – 2024)

CHAPTER 6. Global Medical Robotic Systems Market Size and Forecast, By Geography (2014-2024)

CHAPTER 7. Key Players and Strategic Developments

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