Medical Robotics Market – Neglected Market with a High Volume and Strong Potential CAGR ~20.8% by 2023

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In the coming years, it is expected that the Global Medical Robotics Market will advance with higher growth rate as compared to previous years. Rising pressure to curb healthcare costs has fuelled the growth of the market for Medical Robotics Market.

MarketResearchFuture.com adds “Medical Robotics Market -2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.

The report titled “Medical Robotics Market -Forecast to 2023″ is a direct appreciation by Market Research Future of the market potential of the Medical Robotics Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! Global medical robotics market is expecting a lavish growth of 20.8% during forecasted period of 2017-2023.

Regional Analysis of Medical Robotics:

On regional basis, America dominates the global medical robotics market. America holds over 40% of total market owing to increasing demand for the robot-assisted surgeries, well developed healthcare infrastructure and high healthcare expenditure. Increasing need of automation and advanced devices has also contributed in the growth of the market. Europe has the second largest market which is followed by Asia Pacific. Due to presence of huge opportunities for development of market and continuously improving healthcare infrastructure are the key factor for the growth of the Asia Pacific market.

The report for global medical robotics market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Key Players for Medical Robotics:

The major key player for the global medical robotics market are Stryker Corporation (US), Smith & Nephew Ltd. (UK), Aethon Inc. (US), Intuitive Surgical, Inc. (US), Intouch Health Technologies, Inc. (US), Varian Medical System, Inc. (US), Medtech SA (France), Titan Medical, Inc. (US), Ekso Bionics Holdings, Inc. (US), ReWalk Robotics (Israel), Medrobotics Corporation (US), KUKA Roboter GmbH (Germany), Kinova (US), Myomo Inc. (US), Carefusion Inc.(US),  Hocoma AG (Switzerland), Mazor Robotics Ltd. (Israel), Hansen Medical, Inc. (US), Transenterix, Inc. (US), ZOLL medical corp (US), Auroba biomed Inc. (US)

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Market Highlights of Medical Robotics:

Medical robotics is the advanced method for the treatment and surgeries which involves the use of robots.  It is an emerging field. Now a days, medical robots are widely adopted by people due to their reliability and safety concerns. Medical robotics have found many application in healthcare sector as these robots are used in the different surgeries like urology, cardiology and neurology. The major driving factor for the growth of the market is the increasing number of chronic diseases and rising demand for the more accurate surgical procedures. Beside this, increasing encouragement and funding provided by governments, automation in healthcare sector and increasing demand for the minimally-invasive surgeries also contributed in grow medical robotics market. On other hand high cost of medical robots as well as high maintenance cost may restrains the growth of market.

Competitive Analysis of Medical Robotics:

Medical robotics is an emerging field. There are a lot of opportunities for the development of the market across the globe. Many companies are focusing on the development of the advances robotics which will be cost effective so as to increase the market. Some major companies has adopted strategies of acquisitions and strategic alliances for the growth of the market.

Stryker Corporation is fortune 500 medical technologies firm headquartered in US. The company is working in the manufacturing of the different medical devices and technology and has introduced Mako robotic-arm assisted technology which helps surgeons provide patients with a personalized surgical experience. It is one of the most successful products of the company. In 2016, company has acquired Physio-Control International, Inc.

Smith & Nephew Plc. is a multinational UK headquartered medical equipment manufacturing company. In 2016, company has completed its acquisition of surgical robotics business Blue Belt Technologies. NAVIO has delivered more than 50% of the revenue growth in 2016.

Mazor Robotics is a medical device company and manufacturer of a robotic guidance system for spine surgery. In 2017, Mazor Robotics got  FDA approval for its Mazor X Align software which will help Mazor Robotics to align leverage Mazor Robotics’ extensive experience in pre-operative planning, image processing, computerized anatomy recognition, and registration of different imaging modalities

Aethon is the US headquartered company which is well known for its autonomous mobile delivery robot. The TUG is a smart autonomous mobile robot which transports the goods or medication in the hospitals. TUG has found its application in manufacturing, assembly, distribution and hospitality.

Intuitive Surgical, Inc manufacturer of world class robotic surgical systems. da Vinci Surgical System is the most preferred system. Recently in 2017, this company has got approval for new da Vinci X Surgical System which will provides lower-cost, robotic-assisted surgical option for hospitals, surgeons.

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