A recent report published by Infinium Global Research on medical robots market provides in-depth analysis of segments and sub-segments in the global as well as regional medical robots market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical robots market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical robots market. According to the report, the global medical robots market is projected to grow at a CAGR of 20.9% over the forecast period of 2019-2025.
Medical robots are used in the diagnosis and intervention of different illnesses. Medical robots are gaining popularity due to safety procedures, quality of diagnosis, use in remote areas, and enhanced access for documentation. Companies operating in the global medical robots market are adopting strategies such as mergers, acquisitions, and new product launches that expand their market share. For instance, Medtronic acquired Mazor Robotics in 2018. The acquisition strengthens Medtronic’s strategy to transform spinal procedures and improves fully integrated surgical solutions.
The benefits provided by robot-assisted training in rehabilitation therapy drive the growth of the medical robots market. The rising preference for minimally invasive surgeries contributes to the growth of the medical robots market. The increasing prevalence of neurological and orthopedic conditions and the growing geriatric population globally boost the growth of the medical robots market. In addition, the rise in demand for robot-assisted procedures and the growing demand for telemedicine promote the growth of the medical robots market. On the flip side, lack of skilled labor and safety concerns about robotic surgery devices hinder the growth of the medical robots market. Moreover, technological advancement encourages innovations that create several opportunities for the growth of the medical robots market.
Based on geography, the global medical robots market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to have a premium share in the global medical robots market. The increasing adoption of innovative technologies in North America stimulates the growth of the medical robots market in North America. Asia-Pacific region is expected to grow in the global medical robots market with a significant CAGR over the forecast period. The rising healthcare infrastructure in the Asia-Pacific region contributes to the growth of the medical robots market in Asia-Pacific. Europe is showing growth in the global medical robots market.
The report on global medical robots market covers segments such as product, and application. On the basis of product, the sub-markets include medical robot systems, and instruments & accessories. On the basis of application, the sub-markets include laparoscopy, orthopedics, neurology, special education, and other applications.
The report provides profiles of the companies in the market such as Hocoma AG, Intuitive Surgical Inc., Stryker Corporation, Vecuna Robotics, Inc., Hansen Medical Inc., Accuray Incorporated, Omnicell Inc., Auris Health Inc., Ekso Bionics Holdings, Inc., Kirby Lester, LLC, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical robots market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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