Global Medical Robotic System Market 2021 is expected to register a CAGR of 20.5%, during forecast period with Impact of Covid 19 Analysis

Medical

Global “Medical Robotic System Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Medical Robotic System in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Medical Robotic System Market report categorizes the market based on manufacturers, regions, type, and application. Medical Robotic System Market reports offer a detailed assessment of the Medical Robotic System including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Medical Robotic System market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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A medical robotic system ensures precision and is used for remotely controlled, minimally-invasive procedures. The current systems comprise of computer-controlled electromechanical devices that work in response to controls manipulated by the surgeons. Performing operative procedures with the assistance of robotic technology is referred to as medical robotic systems. The global medical robotic system market is expected to register a CAGR of 20.5% during the forecast period of 2018-2023.

Increasing Incidence of Orthopedic and Cardiac Surgeries

Cardiovascular diseases have been the leading cause of death, accounting for nearly 17.3 million deaths per year, and the number is estimated to cross 23.6 million by 2030. The increasing incidence of cardiac diseases worldwide has created the demand for the robot-assisted surgery, making it a cutting-edge procedure. These procedures are used in medical centers across North America and Europe, for robot-assisted multi-vessel hybrid coronary bypass surgeries or revascularization procedures. Robot-assisted surgical procedures have been used for several cardio-thoracic open surgeries. Owing to their minimally-invasive and precision-offering nature, they are preferred as specific surgical options by both cardiothoracic surgeons and patients. The robot-assisted surgeries are also widely used for arrhythmia, pericardial, and lead placement procedures.
Technological advancements and demands for telemedicine are some of the other factors contributing to the growth of the market studied.

High Initial Installation Cost and Maintenance of Systems

The high cost of installation and maintenance is a major barrier for the medical robotics market. The cost of medical robotic products, such as robotic surgical systems, ranges from USD 1 million to USD 2.5 million per unit. Another factor is the device adaptation time – a surgeon needs to perform a minimum of 150 surgical procedures to completely get used to the adaption of these devices. The use of robotic systems also requires more operating time than the other alternatives available in the market. The users need to spend significant amount of money on maintaining these devices, as they mostly demand the use of additional consumables.
Additionally, stringent regulatory framework and safety concerns because of errors during the procedure are also restraining the growth of the medical robotic system market.

The United States to Account for the Largest Share

The global medical robotic system market has been segmented by type, application, and geography. By geography, it is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Owing to its wide range of applications, the robotic surgery market is registering rapid growth in the United States. According to the FDA, there were around 1.7 million procedures completed using robotic surgeries during 2007-2013. This figure grew rapidly by 2017, and is expected to grow further during the forecast period, recording a robust CAGR. Gynecology and urology accounted for the majority of robotic surgical procedures performed in the United States.

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The global Medical Robotic System market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Medical Robotic System Market Report covers the Top Key-players in 2021:-

  • Accuray Incorporated
  • Hansen Medical
  • Medrobotics Corporation
  • iRobot Corporation
  • Titan Medical Inc.
  • Mckesson Corporation
  • Renishaw PLC
  • Stanmore Implants Worldwide
  • Esko Bionics
  • Siemens Healthineers
  • Intuitive Surgical Inc.
  • Mako Surgical Corp

Highlighted points of Medical Robotic System Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Medical Robotic System Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Medical Robotic System? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Medical Robotic System Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Medical Robotic System Market? What Was Capacity, Production Value, Cost and PROFIT of Medical Robotic System Market?
  • What Is Current Market Status of Medical Robotic System Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Medical Robotic System Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Medical Robotic System Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Medical Robotic System Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Medical Robotic System Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Medical Robotic System Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Medical Robotic System Industry?

Key Developments in the Medical Robotic System Market:

  • January 2018 – Accuray’s CyberKnife® System provides long-lasting pain relief for trigeminal neuralgia patients.

    Reasons to Purchase This Report

  • Analysis of the global medical robotic system market, with region-specific assessments and competition analysis on global and regional scales.
  • Analyzing various perspectives of the industry, with the help of Porter’s five forces analysis.
  • The treatment type that is expected to dominate the market.
  • The regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in Excel).

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    Finally, the report Global Medical Robotic System Market 2021 describes the Medical Robotic System industry expansion game plan, the Medical Robotic System industry knowledge supply, appendix, analysis findings, and the conclusion.

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