Medical Robots Market Worth 12.80 Billion USD by 2021

Tuesday, February 21, 2017 Medical Gadgets
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PUNE, India, February 21, 2017 /PRNewswire/ --

According to a new market research report "Medical Robots Market by Product (Instruments & Accessories and Robot Systems (Surgical Robots, Rehabilitation Robots, Hospital Robots, Non-invasive Surgery Robots)), Application (Orthopedic, Laparoscopy, Neurology) - Global Forecasts to 2021

", published by MarketsandMarkets,

This report studies the global medical robots market for the forecast period of 2016 to 2021. This market is expected to reach USD 12.80 Billion by 2021 from

USD 4.90 Billion in 2016, growing at a CAGR of 21.1%.

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Browse 79 market data Tables and 40 Figures spread through 146 Pages and in-depth TOC on "Medical Robots Market"

http://www.marketsandmarkets.com/Market-Reports/medical-robotic-systems-market-2916860.html

Early buyers will receive 10% customization on this report. 

The report analyzes and studies the major market drivers, restraints/challenges, and opportunities.

The global medical robots market is segmented on the basis of product, application, and region.

On the basis of product, the medical robots market is categorized into instruments & accessories and medical robot systems. In 2016, the instruments and accessories segment is expected to command the largest share is likely to grow at the higher CAGR during the forecast period. The medical robot systems segment is further divided into surgical robot systems, rehabilitation robots, noninvasive radiosurgery, hospital & pharmacy robots, and other medical robotic systems. The surgical robot systems segment is estimated to command the largest share of the medical robot systems market in 2016.

This large share can be attributed to rising preference for minimally invasive surgeries, growing number of robotic laparoscopy procedures, and increasing neurological conditions requiring robotic procedures. However, the rehabilitation robot systems segment is expected to grow at the highest CAGR during the forecast period. Factors attributing the high growth of this segment include increasing adoption of exoskeletons for rehabilitation therapy, rising prevalence of stroke, increasing use of assistive robots by geriatric population, and growing use of therapeutic robots for autism.

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On the basis of application, the medical robots market is segmented into laparoscopy, orthopedics, neurology, special education, and other applications (gynecology, urology, cardiology, and nanomedicine). In 2016, the laparoscopy segment is expected to command the largest share of the market. Rising number of robotic laparoscopy procedures, regular congresses and meetings, and increasing number of FDA approvals for laparoscopy procedures are the key factors contributing to the largest share of medical robots for laparoscopy. However, the neurology segment is likely to grow at the highest CAGR during the forecast period. Factors attributing to the highest growth of this segment include rising prevalence of neurological disorders, coupled with the increasing interest in the use of robots in neurological surgeries and rehabilitation.

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Key players in the global medical robots market include Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Mazor Robotics Ltd. (Israel), Hocoma AG (Switzerland), Hansen Medical Inc. (U.S.), Accuray Incorporated (U.S.), Omnicell, Inc. (U.S.), Ekso Bionics Holdings, Inc. (U.S.), ARxIUM (U.S.), and Kirby Lester LLC (U.S.).

Browse Related Reports: 

Surgical Imaging Market By Product (Mobile C-arm/ Mini C-arm) & by Application (Orthopedic and Trauma/Neurosurgery/Cardiovascular/Hand and Wrist/ Foot and Ankle/ Pediatric) - Competitive Landscape, Global Forecasts & Trends to 2019

http://www.marketsandmarkets.com/Market-Reports/surgical-imaging-market-%20210534462.html

Minimally Invasive Surgical Instruments Market by Product (Handheld Instruments, Guiding Device, Inflation Systems, Auxiliary Instruments, Cutter Instruments), Application (Cardiothoracic, Vascular Surgery, Cosmetic, Urological) - Global Forecast to 2019

http://www.marketsandmarkets.com/Market-Reports/minimally-invasive-surgical-instruments-devices-market-682.html

About MarketsandMarkets: 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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