Medical Robotics Market 2018; Gains to Register A Striking 20.8% CAGR | Geographical Overview with Topmost Players - Foretells MRFR

Global Medical Robotics Market - Overview

Medical Robotics technology has proven to be far more effective for remotely operated machines to improve a treatment more perfectly than other similar technologies of medical science. This technology is used across verticals of healthcare making various surgical procedures easier & successful. The technology is increasingly gaining momentum fuelled by the increasing number of cardiothoracic, general, urological surgeries. Global medical robotics market is expecting a lavish growth of 20.8% during forecasted period of 2017-2023.

Involvement of Augmented Reality (AR) and Artificial Intelligence (AI) have enabled Medical Robotics to reach par excellence in making cost effective Healthcare available. Simultaneously, emergence of AR &AI has been supporting Medical Robotics to streamline operating theatres, making the surgical procedures efficient without leaving a scope for human error at the same time saving a whole lot of time of healthcare staff.

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Conversely, as the industry is still in its embryonic stage, it demands more advancement   in terms of logistics. As in, one needs to be trained extensively before operating these robots (machines) which obviously require a significant amount of time. Besides, some latency issues pertaining to the time gap between the instructions physicians give to direct the controls and machines’ response which results in to robots getting programmed incorrectly. Once programmed, these robotics are cannot change course instantly to make needed adjustments during the surgery. Such factors are restricting the market growth currently. Nevertheless, technological advancement expected to be transpired in the recent future, will eliminate these issues. And then market will not have to look back before perceiving the mega accruals.

As the Medical Robotics advances, the Global Medical Robotics Market has grown more garnering more prominence & traction across the globe. Acknowledging the potential of the market to grow further, Market Research Future has published a study report recently, in which MRFR asserts that the global Medical Robotics Market will perceive a splendid growth by 2023 registering a double digit CAGR of 20.8% during the forecast (2017 – 2023).

Medical Robotics Market - Vital Players:

The Global Medical Robotics Market is led by some of the fervent players including Smith & Nephew Ltd. (UK), Stryker Corporation (US), ReWalk Robotics (Israel), Medtech SA (France), KUKA Roboter GmbH (Germany), Hocoma AG (Switzerland), Aethon Inc. (US), Intuitive Surgical, Inc. (US), Mazor Robotics Ltd. (Israel), Varian Medical System, Inc. (US), Intouch Health Technologies, Inc. (US), Titan Medical, Inc. (US), etc.

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Industry/ Innovation/ Related News:

February 7, 2018 - Air Force Medical Service, US launches training programs for the Air Force, Navy, Army, & surgical teams of the Veterans Affairs Department to use cutting edge medical robotics. These programmes will also ensure access for the patients to the best surgical procedures ensuring best outcomes.

January 29, 2018 – Researchers at the University of Houston presented their latest innovation of a mini robot that can penetrate through the changes in the magnetic field created by hospital medical scanners. This new study would play an important role in biomedical discovery. Inside the bullet-shaped robot, the team also have developed a “magnetic hammer” that can produce adequate force to get into animal brains.

Medical Robotics Market – Competitive Analysis

Market appears to be fiercely competitive & fragmented.  Various dynamic and diversified international organizations and new entrants form a competitive landscape. Matured players are investing heavily to bring innovations constantly and to expand their market presence.

Global Medical Robotics Market – Geographical Analysis

North America leads the global market and America dominates the regional market accounting for over 40% of total market share. Factors such as augmenting demand for well developed healthcare infrastructure, demand for the robot-assisted surgeries, and high healthcare expenditure drive the growth of US market.

Europe & Asia Pacific accounts for the second & third largest markets respectively. Owing to the huge development opportunities along with the constantly developing healthcare infrastructure the Asia Pacific market is getting propelled.

Global Medical Robotics Market – Segments

For an easy grasp and enhanced understanding, the report is segmented in to 3 Key dynamics:-

By Product: Comprises – Hospitals & Pharmacies (Pharmacy Robot, I.V. Robots and other), Medical Surgical Robotic Systems (Orthopaedic Robotic Systems, Neurosurgical Robotic Systems, Laparoscopy Surgical Robotic Systems and other), Various Accessories, & Rehabilitation Services (Orthotics Robots, Prosthetic Robots, Therapeutic Robots, Assistive Robots, and other), and other.

By Application: Neurology, Cardiology, Rehabilitation, Laparoscopy etc.

By Region: Asia Pacific, Europe, North America & Rest of the world.

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