Global Medical Robotics Market Has Tremendous Growth Prospects impacted By Increasing Elderly Population Seeking Medical Assistance & Advancement Of Technology In Healthcare System

Global Medical Robotics Market Projected to Grow at a Robust CAGR of 23.2% over the Forecast Period 2016-2024

With the increasing elderly population seeking medical assistance and advancement of technology in health care system is leading to the robust growth of the global medical robotics market. Various countries such as Japan has deployed medical robots in hospitals for the assistance of patients, doctors & visitors is setting up an example for the rest of the world for the adoption of medical robots. According to Goldstein Research, global medical robotics market size is expected to reach USD 22.61 billion by 2024 from an estimated market size of USD 4.26 billion in 2016, growing at a compounded annual growth rate of 23.2% during the forecast period 2016-2024. Moreover, medical robots have advanced machine learning & AI (artificial intelligence) technology to better understand the human requirements of a healthcare system. The global AI robotics market is estimated to grow at a CAGR of 53.6% over the forecast period, with a huge impact on the growth of the medical robotics market.

Global medical robotics market segmentation has been carried out on the basis of product type, application and geography. Based on geography, the global medical robotics industry is estimated to be dominated by North America with a market share of 43.0% in 2016. Moreover, Europe leads the market in adoption of professional medical service robots. Germany & the U.S. are leading countries in the revenue share of medical robotics all over the world. Whereas, Asia Pacific is the opportunistic market across the globe, and is anticipated to be the fastest growing market at a CAGR of 27.0% over the forecast period.

Market Segmentation

On the basis of our in-depth analysis, Global Medical Robotics Market can be segmented as follows:

 

  • By Type
    • Nucleic Acid Medical robotics
      • DNA-Based Medical robotics
      • RNA-Based Medical robotics
      • XNA-Based Medical robotics
    • Peptide Medical robotics
  • By Technology
    • Systematic Evolution Of Ligands By Exponential Enrichment Technology (SELEX)
    • Others
  • By Application
    • Diagnostic reagents
    • Biosensors
    • Forensics
    • Biodefense
    • Cancer
    • Therapeutics and drug delivery
  • By End User
    • Bio-Pharmaceutical companies
    • Pharmaceutical Companies
    • Academic and Research centres
    • Contract Research Organization
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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 “Global Medical Robotics Market Outlook 2024” contains detailed overview of the global medical robotics market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type and application.

Further, for the in-depth analysis, Global Medical Robotics Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research report also includes competitive outlook of some of the major players profiling of companies such as Titan Medical Inc., Medtronic, Stryker Corporation, TransEnterix Inc., Medtech, Abbot Diagnostics, Aurora Biomed, Irobot Corporation, Intuitive Surgical, Hansen Medical, Mazor Robotics, Kirby Lester LLC, Accuray Incorporated, Ekso Bionics Holdings, Inc., Hocoma AG, Omnicell, Inc., CareFusion, Biotek Instruments, Rewalk Robotics, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global medical robotics market trends along with market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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