Global Medical Robotic System Market IS Rsing With Higher CAGR of 20% In Forecast 2026 | Top Companies are Stryker, Hocoma, Mazor Robotics, Auris Health Inc., Omnicell Inc., ARxIUM
The Global Medical Robotic System Market research report offers the market insights from the statistics, gathered from reliable market information such as manufacturers, channel partners, decision-makers and regulatory bodies. It outlines segment of the market investigates progression such as drivers, limitations, and opportunities that at present strongly affect the market and could impact the market in future, Market share analysis mentioned in this Global Medical Robotic System Market report with a specific end goal to clarify the intensity of rivalry between driving market players working over the globe. It validated primary and secondary research methodology and data sources that are implied to collect key information like market size, trends, revenue, and analysis.
Rise in technological advancements and increased adoption of these systems worldwide has been one of the major driving factors for the market growth. This trend will see the market rise from an initial estimated value of USD 7.08 billion in 2018 to an estimated value of USD 30.4 billion by 2026 registering a CAGR of 20% in the forecast period of 2019-2026. Increased acceptance of these systems is also acting as a major market driver. Few of the major market competitors currently working in the Medical Robotic System Market are Intuitive Surgical, Stryker, Hocoma, Mazor Robotics, Auris Health Inc., Omnicell Inc., ARxIUM, Ekso Bionics, CMR Surgical Ltd, Capsa Healthcare, Accuray Incorporated, TransEnterix Surgical Inc., Stereotaxis Inc., ReWalk Robotics, Titan Medical Inc., Medtech SA, Aethon, Medrobotics Corporation, InTouch Technologies Inc., McKesson Corporation, Renishaw plc., Varian Medical Systems Inc., OR Productivity PLC, and Siemens Healthcare GmbH.
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Global Medical Robotic System Market, By Type (Orthopedic Surgical Robots, Neurosurgical Robots, Laparoscopy Robots, Steerable Robotic Catheters, Rehabilitation Robots, Hospital and Pharmacy Robots, Emergency Response Robots, Noninvasive Radiosurgery Robots), Application (Neurosurgery, Orthopedics, Telemedicine, Laparoscopy, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends & Forecast to 2026
Market Definition:
Medical robotic systems are self-powered devices aimed at guiding the surgeon, his positioning and manipulation of surgical instruments. These systems aid in performing minimally invasive surgeries effectively and efficiently with utmost precision. They have been variedly used in different types of surgeries already with a high success rate.
US in the region of North America dominated the market share in 2017, and it is set to stay at top again by the end of the forecast period of 2018-2025 growing at a CAGR of 18.4%.
Market Drivers:
- Increased advancements in the technology and overall adoption is acting as a factor which is driving the market growth
- The demand for medical robotic system is on the rise due to their advantages in minimally invasive surgeries and their enhanced abilities in precise procedures
Market Restraints:
- Lack of knowledgeable professionals to utilize the robots and their systems act as a major restraint for the market
- High cost of installation and maintenance of these systems also causes the market to be restrained
Key Insights in the report:
- The key market players are analyzed and their effects on the market is also observed
- Market analysis is conducted for the forecast period of 2018 to 2025, and the market segmentations are observed during that period
- The market drivers and restraints have been clearly analyzed for the effect that they have over the market in the forecast period of 2018 to 2025
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Competitive Analysis:
The Global Medical Robotic System Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Medical Robotic System market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
TABLE OF CONTENTS
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 05: PIPELINE ANALYSIS
• Pipeline analysis
PART 06: MARKET SIZING
• Market definition
• Market sizing
• Market size and forecast
PART 07: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
PART 08: MARKET SEGMENTATION
• Segmentation
• Comparison
• Market opportunity
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
• Geographical segmentation
• Regional comparison
• North America
• South America
• Europe
• MEA
• APAC
• Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
• Overview
• Landscape disruption
PART 15: VENDOR ANALYSIS
• Vendors covered
• Vendor classification
• Market positioning of vendors
PART 16: APPENDIX
• List of abbreviations
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