Industry Background:
The Medical Robots are the Biomechatronic Device which helps healthcare professional for surgeries, diagnosis and other required help for medical treatments . The medical robots basically used for diagnostic and surgical purpose and for assistance to healthcare professionals. In healthcare sector is helping to reach more and people. The accuracy of robots is more efficient and effective compared to the human healthcare professional. The robotic treatment is not time consuming and have guaranteed results
According to AMA Research, the market for Medical Robots is expected to register a CAGR of 20.0% during the forecast period to 2030. This growth is primarily driven by Medical Robot Offers Advantages By Technology
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Technology sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Intuitive surgical (United States), Stryker (United States), Smith & nephew (United States), Mazor robotics (Israel), Auris health (United States), Globus medical (United States), Coridus Vascular Robotics (United States), Zimmer Biomet (United States), Medtronic (Ireland) and Streotaxis (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2019, Stryker acquired Mobius Imaging, LLC (US), a leader in point-of-care imaging technology, as well as GYS Tech, LLC, its sister company (US). Mobius Imaging and Cardan Robotics bring advanced imaging and robotics expertise, as well as a robust product pipeline, which allows Stryker to expand its presence in Orthopaedics, Spine, and Neurotechnology.The market for Medical Robot is dominating the Market due to advancement use of Technology. Companies are more focusing on Profitability resulting in Mergers & Acquiring the Firms. Also many companies are collaborating with Universities for Research advancement of medical Robots which are helping them for new Invention and growthb
Regulatory Insights:
White House announced new select company on artificial intelligence under national and technology council chaired by the White House Office of Science and Technology Policy (OSTP), the National Science Foundation (NSF), and the Defense Advanced Research Projects Agency (DARPA). The Select Committee will address significant national and international policy matters that cut across agency boundaries and shall provide a formal mechanism for interagency policy coordination and the development of Federal artificial intelligence activities, including those related to autonomous systems, biometric identification, computer vision, human-computer interactions, machine learning, natural language processing, & Robotics
Influencing Trend:
Robot assisted training in rehabilitation therapy, Prosthetic Robots are on high demand and Surgical Robots Dominating the Market
Market Growth Drivers:
Medical Robot Offers Advantages By Technology, Pharmacy Companies Use Robots for Prescription & Dispensing, Accuracy & Precision of Surgeries Zero Human Error, Time Bounded Procedure and Limited Healthcare Professional Available
Challenges:
Privacy and Security concerns related to medical robot treatment., Less Awareness in remote areas, Less Environment friendly and Growing Misuse of Robots
Restraints:
Limited Patient compliance & human psychology towards robotic treatment, High cost required for robotic treatment and Doubt in Methodology
Opportunities:
Growing techno friendly environment in hospitals and Increasing investment in research and technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Medical Robots Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Medical Robots Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Medical Robots players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Medical Robots Study Sheds Light on
The Medical Robots Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical Robots industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Robots industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.