Medical Robotics Market is expected to reach USD 33.65 Billion by 2026 from USD 4.92 Billion in 2016 at a CAGR of 21.2%. Medical robotics is a technologically advanced system which provides assistance during intricate surgical procedures, physical complications, and hospital automation in order to achieve precision in surgical, rehabilitation, and assistive methods.
Based on product, Medical Robotics Market has been segmented into instruments & accessories and medical robotic systems. The medical robotic system segment is further sub segmented as surgical robots, rehabilitation robotic systems, noninvasive radio surgery robotic systems, hospital & pharmacy robotic systems and other robotic systems. Application segment is categorized as laparoscopy, cardiology, neurology, orthopedics and rehabilitation among others. Growing geriatric population along with rise in number of number of complex diseases and invasive surgeries have been a few major factors that has driven demand for medical robots globally.
North America and Europe is expected to form two key regions for medical robots market, Factors such as huge government grants and investments to improve medical infrastructure along with growth in research areas have propelled the market demand for medical robots. APAC is expected to grow at one of the fastest rate among other regions.
Medical Robotics Market: Global Industry Analysis and Forecast 2026
Key Highlights:
• Medical Robots market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Medical Robots market. • Medical Robots market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Medical Robots market strategic analysis with respect to individual growth trends, future prospects along with contribution of various sub-market stakeholders have been considered under the scope of study. • Medical Robots market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Medical Robots market are also profiled.Research Methodology
Bloomberg, Factiva and Hoovers are some of the sites that are being referred to gain insights about Medical Robots market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Medical Robots market globally.
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