Global Medical Robotic Systems Market Poised to Witness Notable Growth at a CAGR of 18.9% during 2017-2025

Published on : Jul 05, 2018

Albany, New York, July 5, 2018: It has been well-identified that continuous development of medical technologies is a major factor for healthcare industry. Recently, a steady growth has observed in the demand for the medical robotic system. To elaborate further, Market Research Hub (MRH) has publicized a study titled “Medical Robotic Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025” to its massive repository, which works to enlighten the readers about the major factors prompting the growth of the concerned market. As per the active research evaluations, the global medical robotic systems market was valued at more than US$ 5,581.8 Mn and predicted to reach US$ 25,738.8 Mn by 2025.

Globally, medical robotic systems are widely used for minimally invasive surgeries in the field of gynecology, cosmetology, open surgeries, laparoscopic procedures, and flexible endoscopic procedures. It has been studied that increase in adoption and demand for surgical robots and rise in the number of products receiving regulatory approval are expected to boost the global medical robotic systems market from 2018 to 2026. Apart from that, rise in funding for research & development activities by governments and private organizations, rapid growth in robotic technology, and surge in acceptance of minimal invasive surgeries are key factors fueling demand for medical robotic systems globally.

In a bid to offer a comprehensive view of the market, the global medical robotic systems market has been segmented based on product type and geography. The geographical segmentation is an important part of the report which provides an entire perspective on the market’s growth in terms of revenue in US$ Bn, across different geographical regions such as Asia Pacific, North America, Middle East & Africa, Europe, and South America. As per the report, The U.S. is anticipated to drive the global medical robotic systems market. Better reimbursement policies and advanced healthcare infrastructure are key drivers boosting this market in the U.S. region.

In terms of product type, the surgical robots segment is projected to account for the largest share of the global market during the forecast period. Growing technological developments, new product launches, and increasing purchasing power of hospitals and other healthcare settings are anticipated to propel the surgical robots segment during the forecast period.

Competitive Outlook

Later, the competitive landscape offered in the report is a valuable resource for readers, as it helps in gauging the complete competitive scenario in the market. Their details such as key strategies, SWOT, organization overview, market share, financials, developments and product portfolios are also covered in this subsequent section. At present, major players operating in the global medical robotic systems market are Hansen Medical Inc., Titan Medical Inc., Intuitive Surgical, Inc., TransEnterix Surgical, Inc., Accuray Incorporated, Aethon, Stereotaxis Inc., ReWalk Robotics, and Stryker, Medtech.

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