Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on medical robotic systems market provides in-depth
analysis of segments and sub-segments in the global as well as regional medical
robotic systems market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional medical robotic
systems market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecasts, and dollar values of global
medical robotic systems market. According to the report, the global medical
robotic systems market is projected to grow at a CAGR of 19.06% over the
forecast period of 2020-2026.
Robots used in the medical
industry, ranging from numerous applications surgical interventions to
rehabilitation are recognized as medical robots. The ever-growing efficiency of
these robots in performing tasks that comprise surgeries has been pivotal in
the rapid adoption of these robots in the medical industry. Furthermore, these
robots help doctors to perform operations with more accuracy. There is an
extensive range of medical applications that have emerged, such as laboratory
robots, surgical robots, telesurgery, remote surgery, and teleconsultation
robots. Moreover, medical robots support operations and condense the risk of
infection to a great amount. Medical robots provide several benefits, for
example, lesser post-operative pain, a minimum level of anesthesia, and
decreased level of blood loss, among others.
The increasing healthcare
expenditure and advancements in the technology and technique to treat patients
by minimally invasive methods are anticipated to drive the growth of the
medical robotic systems market in the near future. Such systems help in
decreasing chronic pain and hospital stay, and upsurges the accuracy of
surgery, hence being a preferred option. Non-invasive radiosurgery robots
deliver non-invasive treatment for patients suffering from composite tumors.
Moreover, the increasing geriatric populations, who are more prone to higher
risk injuries owing to their weak skeletal system, are projected to boost
medical robotic systems market growth. On the other hand, the high cost of
installation and maintenance of the medical robotic system is estimated to
hinder the growth of the market during the projection period.
Furthermore, the novel coronavirus
has impacted a large number of economies and is turning out to be even worse
than the critical economic, strategic, and political clashes happening
internationally. The outbreak has and still is impacting all industries,
including the healthcare IT sector. The growth in the global healthcare IT
spending is expected to reduce by 3-4% by the end of 2020, considering the
‘pessimistic scenario,’ due to the COVID-19 pandemic. The Medical Robotic
System providers will experience a decrease in demand due to the current
COVID-19 pandemic. Currently, as the entire health care system is primarily
focused on treating the virus, the spending on the new robotic system will be
low during the 2020 COVID-19 outbreak. Whereas the major impact is projected to
be on hardware business, comprising devices, the software, and services
businesses are also anticipated to slow down due to the spread of novel coronavirus.
Among the geographies, the North
America region is expected to hold the largest share in the global medical
robotic systems market owing to the increasing demand for robot-assisted
surgeries and rising healthcare expenditure. Further, factors such as the
increasing geriatric population with weak bone density levels and injuries
encountered during accidents are upsurges the demand for the medical robotics
system. Furthermore, the Asia Pacific region is projected to witness the
fastest growth in the medical robotic systems market during the forecast period
owing to the rising healthcare infrastructure. In addition, the rising
awareness about the advanced treatment procedures and increasing demand for
healthcare facilities in emerging economies such as China and India drive the
medical robotic systems market in this region.
The report on the global medical
robotic systems market covers segments such as type, and application. On the
basis of type, the sub-markets include surgical robots, non-invasive
radiosurgery robotic systems, prosthetics/exoskeletons, assistive and
rehabilitation systems, and non-medical robotics in hospitals. On the basis of
application, the sub-markets include neurology, orthopedics robotic systems,
laparoscopy, and special education.
The report provides profiles of
the companies in the market such as Stryker Corporation, Intuitive Surgical,
Medtronic Plc, Kinova Robotics, Accuray Inc, Ekso Bionics Holdings Inc., MAKO
Surgical Corp, Auris Health Inc., Renishaw Plc, and others.
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 robotic systems market. Moreover, the study highlights
current market trends and provides forecast from 2020-2026. 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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