SAN JOSE, Nov. 15, 2022 (GLOBE NEWSWIRE) -- "Medical Robotic System Market" is the title of a new report from Data Bridge Market Research. Key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive environment are all dissected in detail in the research. The Medical Robotic System report is an exhaustive market research report that investigates the potential, challenges, driving forces, emerging trends, and competitive landscape of the Medical Robotic System industry. Medical Robotic System is a report. In addition, the report analyzes the general market circumstances, determines the likely market for a new product to be introduced, calculates market share and possible sales volume for the Medical Robotic System industry, and figures out the most appropriate technique for the distribution of a specific product. Calculations have been performed in the report that interprets the performance of the market in the forecast years by giving information about the market definition, classifications, applications, and engagements. These calculations were performed by taking into consideration specific base year and historic year.
Data Bridge Market Research analyses that the medical robotic system market is expected to undergo a CAGR of 17.80% during the forecast period. This indicates that the market value, which was USD 9.77 billion in 2021, would rocket up to USD 36.25 billion by 2029. “Instrument and Accessories” dominates the technology segment of the medical robotic system market owing to the recurrent purchase of instruments and accessories as opposed to robotic systems. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Overview:
From the name itself, it is clear that medical robotic systems are advanced medical systems that are based on artificial intelligence principles, thereby utilizing robotics and automation during a medical procedure. A wide array of medical robotic systems are designed as per the need and the surgical site. Medical robotic systems provide greater accuracy and precision during a surgical procedure.
A growing number of surgical procedures coupled with increasing globalization has led to the invention of medical robotic systems. Medical robotic systems have replaced the manual surgeries and revolutionized the way surgeries were traditionally undertaken. Medical robotic surgeries have become popular all around the world and can handle numerous surgeries in a single day.
The Global Market Is Analyzed in Depth in the Latest Study. Taking into account the current level of competition and its projected evolution over the next few years.
Rapidly increasing demands, a rise in industrialization, consumer awareness, growing sectors, and technical improvements are fueling the expansion of the global Medical Robotic System market. Sales and revenue in this sector have increased at an exponential rate. The market's size and growth are both expected to increase thanks to the factors driving the market's expansion over the projected period.
Leading businesses in the Medical Robotic System industry are investing heavily in R&D in order to build a larger client base and expand their share of the market by reintroducing improved products to consumers. All of the companies' strategies, as well as their financial health, revenue, gross margin, and growth rate, are detailed in the study.
Competitive Landscape
The research promotes high-end commercialization and profit-steering opportunities, and it takes market dimensions and volatility into account.
This section of the report also focuses on accurately decoding the competitive landscape with astute high-end identification of frontline players, complete with an in-depth analytical study of their business choices and investment discretion, to ensure thoroughly impeccable investor participation and noteworthy growth prospects.
To ensure a smooth ride and hopeful business returns despite numerous odds and unprecedented hurdles, this research has carefully gauged facts pertaining to portfolio advancements, geographical presence, and other essential market details.
The Medical Robotic System Market is Dominated by Firms Such as
- iRobot Corporation (US),
- Medrobotics Corporation (US),
- Titan Medical Inc. (Canada),
- Hansen Technologies (Australia),
- Renishaw plc (UK),
- Intuitive Surgical (US),
- Medtronic (Ireland),
- DENSO Robotics Incorporated (US),
- Accuray Incorporated (US),
- Stryker (US),
- Varian Medical Systems, Inc. (UK),
- Stereotaxis, Inc. (US),
- Ekso Bionics (US),
- CYBERDYNE INC. (Japan),
- BIONIK (US),
- Smith+Nephew plc (UK),
- Zimmer Biomet (US)),
- Omnicell. Inc. (US),
- ARxIUM (Canada)
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Recent Development
- November 2020 - Artificial Intelligence Technology Solutions, Inc. announced that its wholly-owned subsidiary Robotic Assistance Devices (RAD) had received an order from the global top 20 medical devices company with around 50,000 employees for what RAD expects as the first of several HSO (Health Screening Option) units to be deployed at one of their client’s manufacturing facilities.
Opportunities for Key Players:
Furthermore, upsurge in the public-private funding for target research activities, growing awareness about the benefits of robotically assisted surgeries, rising geriatric population base and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, surging number of strategic collaborations, rising internet penetration rate, growing number of hospitals and laboratories, growing cases of road accidents and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Key Market Segments Covered in Medical Robotic System Industry Research
By Deployment type
- On-premises
- Cloud-Based
By Products and services
- Instrument and Accessories
- Services
By Application
- Neurology
- Orthopedics
- Laparoscopy
- Special Education
By End-user
- Hospitals
- Ambulatory Surgical Centers
- Rehabilitation Centers
Key Industry Drivers:
- Rising technological advancements
Surging technological advancements in the surgical equipment and technology has carved the way for the growth of the market. For example- Versius, a medical robot created by Cambridge-based CMR Surgical and is now in use in hospitals in France, Italy, the UK, and India. Also, increasing technological advancements in 3D-imaging, remote navigation, robotic catheter control system (CCS), motion sensors and others will further induce the market growth.
- Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the integration of advanced technologies in the healthcare facilities and the penetration rate in certain geographies is also bolstering the market growth rate.
- Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the market growth rate. Moreover, growth and expansion of the healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities. Also, high return on investments assured by the research activities will also work in the favour of the market.
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Medical Robotic System Market Regional Analysis/Insights:
The countries covered in the medical robotic system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical robotic system market because of the strong base of healthcare facilities, rising investment from key players in the growth of the advanced devices, a higher number of patients adopting minimally invasive surgery and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in Health tourism, growing research activities in the region, rising cases of acute and chronic diseases and the growing demand for quality healthcare in the region.
It's in your best interest to take this report into consideration because:
- Strong and extensive research methods were used to construct this study. The thoroughness and precision of the market reports produced by Data Bridge Market Research have earned them a great reputation.
- A complete picture of the competitive scenario of Medical Robotic System market is depicted by this report.
- The wide range of research on how these innovations may affect market expansion in the future.
- The report's findings are presented in an approachable format, with accompanying visuals (such as histograms, bar graphs, pie charts, etc.) that make the data readily digestible.
- The potential, threats, and difficulties in the Medical Robotic System market, as well as the factors driving and restraining it, are discussed at length.
- It gives an all-encompassing evaluation of the anticipated conduct of the future market and the changing market condition.
- This study provides a number of strategic business approaches to assist you in making educated business decisions.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Medical Robotic System Market: Regulations
- Market Overview
- Global Medical Robotic System Market, By Deployment type
- Global Medical Robotic System Market, By Products and services
- Global Medical Robotic System Market, By Application
- Global Medical Robotic System Market, By End User
- Global Medical Robotic System Market, By Region
- Global Medical Robotic System Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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Explore More Reports:
- North America Medical Robotic Systems Market, By Product (Instrument and Accessories, Robotic Systems), By Application (Laparoscopy, Orthopedic Surgery, Pharmacy Applications, Neurosurgery, Other Applications) https://www.databridgemarketresearch.com/reports/north-america-medical-robotic-systems-market
- Europe Medical Robotic Systems Market, By Product (Instruments & Accessories, Robotic Systems), Application (Laparoscopy, Orthopedic Surgery, Pharmacy Applications, Neurosurgery, Other Applications), Country (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-medical-robotic-systems-market
- Asia-Pacific Medical Robotic Systems Market, By Product (Instruments & Accessories, Robotic Systems), Application (Laparoscopy, Orthopedic Surgery, Pharmacy Applications, Neurosurgery, Other Applications), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) https://www.databridgemarketresearch.com/reports/asia-pacific-medical-robotic-systems-market
- Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments Market, By Product (Surgical Devices, Imaging and Visualization Systems, Electrosurgical Devices, Medical Robotics), Technology (Surgical Devices, Imaging Devices Technology), Application (Cardio-Thoracic Surgery, Vascular Surgery, Neurological Surgery, Ent/Respiratory Surgery, Cosmetic Surgery, Gastrointestinal Surgery, Gynecological Surgery, Urological Surgery, Orthopedic Surgery, Oncology Surgery, Dental Surgery), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) https://www.databridgemarketresearch.com/reports/global-minimally-invasive-medical-robotics-imaging-visualization-systems-surgical-instruments-market
- North America Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments Market, By Product (Surgical Devices, Imaging and Visualization Systems, Electrosurgical Devices, Medical Robotics), Technology (Surgical Devices, Imaging Devices Technology), Application (Cardio-Thoracic Surgery, Vascular Surgery, Neurological Surgery, Ent/Respiratory Surgery, Cosmetic Surgery, Gastrointestinal Surgery, Gynecological Surgery, Urological Surgery, Orthopedic Surgery, Oncology Surgery, Dental Surgery), Country (U.S., Canada, Mexico) https://www.databridgemarketresearch.com/reports/north-america-minimally-invasive-medical-robotics-imaging-visualization-systems-surgical-instruments-market
- Europe Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments Market, By Product (Surgical Devices, Imaging and Visualization Systems, Electrosurgical Devices, Medical Robotics), Technology (Surgical Devices, Imaging Devices Technology), Application (Cardio-Thoracic Surgery, Vascular Surgery, Neurological Surgery, Ent/Respiratory Surgery, Cosmetic Surgery, Gastrointestinal Surgery, Gynaecological Surgery, Urological Surgery, Orthopedic Surgery, Oncology Surgery, Dental Surgery), Country (Germany, United Kingdom, Italy, France, Russia, Switzerland, Netherlands, Spain, Turkey, Belgium and Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-minimally-invasive-medical-robotics-imaging-visualization-systems-surgical-instruments-market
- Healthcare and Medical System Integrators Market, By Type (Horizontal Integration, Vertical Integration), Application (Government Hospitals, Private Hospitals and Clinics, Healthcare Organizations, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) https://www.databridgemarketresearch.com/reports/global-healthcare-and-medical-system-integrators-market
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