Market Snapshot:
Over the past few years, Technological Upgradation such as HD surgical microscopic cameras, 3D-Imaging, Motion Sensors, Data recorder and data analytics, remote navigations, CCS has to lead to increasing the growth of Medical robotic system market globally. A medical robotic system is used for remotely controlled and minimally invasive procedures. It comprises of a computer-controlled electrochemical device that works in response to controls handled by the surgeons. The process of performing operative procedures with the assistance of robotic technology is referred to as Medical robotic systems.The research analyst at AMA estimates Medical Robotic Systems market to grow at a compounded annual growth rate of 17.47%
Segment Analysis
AMA Research have segmented the market of Global Medical Robotic Systems market by Type, Application and Region. On the basis of Type, Non-invasive radiosurgery systems are dominating the market in the year 2020
On the basis of geography, the market of Medical Robotic Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020.
Market Trend
Owing To the Early Adoption of Technologies Such As the Da Vinci Surgical System to Facilitate Complex Surgery Using a Minimally Invasive Procedure by the Surgeon
Market Drivers
High Per Capita Spending in Healthcare, Technological Upgradation in Surgical Medical Equipment, Increasing Demand for Laparoscopic Surgeries and Need for Such Surgeries in the Geriatric Population and Increasing Trauma Injuries Lead To the Growth of this Market in Emerging Economies
Opportunities
Advancement in Technology and Rapid Investment in Medical Robotics System.
Restraints
- Stringent Regulatory Framework and Safety Concerns Due To Errors That Occur During the Procedure
- High Cost of the Equipment used in Medical Robotic System
In addition to the aforementioned factor, High Per Capita Spending in Healthcare
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The market is fragmented by numerous Key players who are involved in employing strategies to increase their market share by increasing penetration in emerging economies thereby increasing their profitability. They are also adding new products to maintain their competitive edge by investing in the medical robotics system market.
The key Players profiled in the study are Accuray Incorp.(United States), Hansen Medical (United States), Medrobotics Corp. (United States), iRobot Corp. (United States), Titan Medical Inc.(Canada), Mckesson Corp.(United States), Renishaw PLC (United Kingdom), Esko Bionics.( United States), Siemens Healthineers (Germany), Intuitive Surgical Inc.(United States) and Hocoma (Switzerland). A lot of United States players are profiled in the research study indicating a strong market dependence.