The global medical robot market is anticipated to witness strong growth during the forecast period between 2021 and 2031.
Medical Robot Market - An Overview
The global medical robot market is anticipated to witness strong growth during the forecast period between 2021 and 2031.
A medical robot helps surgeons perform surgeries with greater precision. The use of medical robots in surgeries reduces the risk of infection for patients and is related to faster post-surgery recovery.
Some the other advantages of using medical robots include decreased post-operation pain, and blood loss.
A few application areas of medical robots medical care are in cardiology, neurosurgery, orthopaedic surgery, and pharmacy.
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Medical Robot Market - Trends and Opportunities
The deployment of medical robots has led to improved efficiency in laparoscopic surgical procedures, which has emerged as the key growth driver for the global medical robot market.
Also, the launch of novel machines is expected to fuel the demand for medical robot, and help in the growth of the overall medical robot market.
The integration of technologies such as Internet of Things and artificial intelligence (AI) into medical robots could fuel product demand and bolster the medical robot market, in future. The integration of AI has led to several opportunities for improvements in invasive surgeries.
Government support and investments from private investors will be crucial to the growth of the medical robot market, in years to come.
The laparoscopic application segment is anticipated to contribute the most to the growth of the global medical robot market, owing to the increasing laparoscopic surgical procedures performed worldwide.
The surgical robot product segment is expected to make the largest contribution to the overall medical robot market, in years to come.
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Medical Robot Market - Competitive Landscape
The medical robot industry is still at a nascent stage globally with a few market players. These players, in a bid to remain competitive,, could adopt different product strategies, in the coming years.
The smaller players in the global medical robot market will seek investments from governments and investors, which would help in their long-time growth.
Leading players may also look to produce advanced medical robots, that can be deployed in several application areas and this could give them an edge over their competitors, in the overall market.
The new players in the medical robot market are anticipated to develop robots for rehabilitation purposes in years to come. The launch of these robots is expected to propel the overall medical robot market, in the coming years.
Some of the key players in the medical robot market include Mazor Robotics Ltd., Accuray Incorporated, Kirby Lester LLC, Omnicel Inc., and Hansen Medical Inc.
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Medical Robot Market - Regional Assessment
The global medical robot market is divided into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
North America is anticipated to witness maximum growth in the medical robot market owing to increasing adoption of next-gen technologies in hospitals and clinics in countries such as the U.S and Canada.
Leading market players could also establish research and development centers in countries such as the U.S and Canada to gain from the knowledge of med-tech companies present in the region.
Asia Pacific and Middle East and Africa are expected to stand second and third, respectively in the global medical robot market, owing to developing healthcare infrastructure in countries in both regions.
The increasing geriatric population in Middle East and Africa is expected to be the key growth factor for the medical robot market, in this region.
Europe is anticipated to witness moderate growth in the medical robot market, in the coming years owing to stringent government regulations, preventing the increased use of robots in hospitals and clinics in countries such as Germany and UK.
Latin America is anticipated to witness sluggish growth in the overall medical robot market, in future.
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