The increasing efficiency of robots in performing complicated tasks such as surgeries is leading to wider adoption of medical robots and thus, boosting the global “Medical Robotic Systems Market”, says Fortune Business Insights in their new study. The study is titled,” Medical Robotic Systems Market: Global Market Analysis, Insights, and Forecast, 2019-2026”. According to the report, The Global Medical Robotic Systems Market is presumed to witness an exponential CAGR of 21.5%. The market for medical robotics systems, which was valued at US$ 2,257.8 Mn in 2018 is anticipated to reach US$ 10,710.6 Mn by the end of 2026.

It is expected to gain traction as market players are focusing constantly on introducing innovative and advanced surgical robots. In terms of product type, the global medical robotic systems market was dominated by the surgical robot’s segment in 2018 and the segment is likely to continue dominating the market in the coming years. This segment accounted for 64.8% of the market in 2018. This is attributable to the rapid advancement in surgical robots and their efficient performance in minimally invasive surgeries.

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Key Players Operating in The Medical Robotic Systems Market Include:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Zimmer Biomet

BIONIK

Stryker

Intuitive Surgical Inc

Smith & Nephew

CYBERDYNE

Ekso Bionics

Medtronic

“Rising Cases of Co-Morbidity Diseases Boosting Market”

Various factors are aiding growth of the booming medical robotic systems market including the rise in number of trauma injury cases, advancement in technology and increasing healthcare facilities and expenditures. Besides this, the rise in geriatric population and the co-morbidity diseases is creating growth opportunities for surgical procedures. The advent of robots into the medical industry is considered an important factor creating lucrative growth opportunities for the overall market in the long run.

The rapid shift from conventional open surgeries towards minimally invasive surgical procedures is another major factor accelerating growth of the market. The efficiency of surgical robots to perform laparoscopic surgical procedures is getting higher by the day. This is further helping to increase the demand for medical robots, thus boosting the market globally.

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“North America to Hold Dominance on Account of Higher Per Capita Income to Afford Robotic Surgical Procedures”

Fortune Business Insights foresees the global medical robotic systems market to be dominated by North America. This is owing to the increasing number of patients undergoing minimally invasive surgeries and the high per capita income of people in the developed nations of the U.S., and Canada. In addition to that, the number of patients suffering from neurological disorders is also increasing which further propels the demand for rehabilitation and surgical robots for treatment facilities along with the others. Such factors are responsible for North America to enjoy a dominant position in the global medical robotic systems market. Market players are investing huge sums in the research and development for upgrading surgical robots and other medical robots in order to provide better medical assistance.

Global Medical Robotic Systems Market Segmentation

By Product

Surgical Robots
Telepresence Robots
Rehabilitation Robots
Others
By End User

Hospitals
Ambulatory Surgery Centers
Rehabilitation Centers
Others
By Geography

North America (USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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Report Focus:

Extensive product offerings
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Comprehensive reports
Latest technological developments
Value chain analysis
Potential Medical Robotic Systems Market opportunities
Growth dynamics
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Comprehensive analysis of the Medical Robotic Systems Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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