Medical Robots Market Analysis by Growth, segmentation, performance,Competitive Strategies Till 2025

A Story by Nikhil Tade

The medical robots market was valued at US$ 5,740.8 in 2017 and is expected to reach US$ 28,776.5 MN in 2025. The market is estimated to grow with a CAGR of 22.3% from 2017-2025.

According to The Insight Partners market research study titled ‘Medical Robots Market to 2025 �" Global Analysis and Forecasts by Product, Application and End User, the global medical robots market was valued at US$ 5,740.8Mn in 2017 and is estimated to reach US$ 28,776.6Mn by 2025. The report highlights the trends prevalent in the global medical robots’ market and the factors driving the market along with the restraints that are impacting its growth.

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The product segment is divided into sub segments such as surgical robots, rehabilitation robots, non-invasive radio surgery robots, hospitals & pharmacy robots and others. The surgical robot holds the largest market share by the product whereas the rehabilitation robots is the fastest growing segment. The dominancy is expected to be continued by the surgical robots due to the advantages offered such as minimally invasive procedure, less time-consuming procedure and more. The market for medical robots by the product segment is expected to reach US$ 18,819.9 million by 2025 in the forecasted period. Surgical robots segment has the highest market share in 2017, contributing a market share of 46.3% and is expected to retain its dominance during the forecast period from 2018 to 2025 to account for a market share of 42.6% of the overall revenue generated in 2025.

The report includes the driving factors such as increasing training programs for robotic surgeries, rise in the developments for medical robots in Asia, rise in the number of surgical procedures. The restraint for the market is evaluated as the high cost of the surgical procedures and installation. The opportunities for the market are evolution of nanorobots in cancer treatment and increased preferences of patient for robotic surgeries. Similarly, the trend that are expected to drive the growth of the market in coming future are development of microbats and development of therapeutic robots.

Key industry players operating in the field of medical robots across the globe include Intuitive Surgical, Inc., Stryker, Hocoma AG, Mazor Robotics Ltd., Hansen Medical, Inc. (Auris Surgical robotics), Accuray Incorporated, Omnicell Inc., Arxium, EKSO Bionics Holdings, Inc., and Kirby Lester, LLC among others.

The report segments the global medical robots market as follows:

Global Medical Robots Market �" By Product

Surgical Robots
Rehabilitation Robots
Non-Invasive Radiosurgery Robots
Hospital & Pharmacy Robots
Others

Global Medical Robots Market �" By Application

Laparoscopy
Neurology
Orthopedics
Gynecology
Urology
Cardiology
Others

Global Medical Robots Market �" By End User

Hospitals
Ambulatory Surgical Centers

Global Digital pathology Market �" By Geography

North America
U.S.
Canada
Mexico

Europe
UK
Germany
France

Asia Pacific (APAC)
Japan
China
India

Middle East & Africa (MEA)
South Africa
Saudi Arabia
UAE

South & Central America (SCAM)
Brazil

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