The global medical robots market size is expected to reach USD 36.84 Billion in 2032 and register a steady revenue CAGR of 16.5% during the forecast period, according to the latest analysis by Emergen Research. Medical robot market revenue growth is expected to be driven by rising robotic surgical applications during the forecast period. Patients can get complex treatments with reduced recovery time owing to robotic surgery. Even in difficult-to-reach places, it employs sophisticated technologies to give exact care. Robotic surgery is used to treat diseases of the bladder, prostate, heart, digestive system, and more, thus leading to more application areas of medical robots and increasing its market revenue growth.
The current COVID-19 pandemic is expected to have an effect on the growth of the Medical Robots industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns. In the wake of the COVID-19 pandemic, several sectors of the global market have been affected, and Medical Robots will likely be among them. Economic slowdown and dynamic changes in demand will further hinder the growth of the sector. The report covers the impact analysis of the COVID-19 pandemic on the overall Medical Robots industry.
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Key companies operating in the Medical Robots market include:
Intuitive Surgical, Stryker, Accuray Incorporated, BD, Medtronic, Omnicell, Zimmer Biomet, Smith+Nephew, Hocoma, CYBERDYNE INC
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Medical Robots market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Medical Robots Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Medical Robots Market Segmentation:
-
Product & Service Outlook (Revenue, USD Billion; 2019–2032)
- Instrument & Accessories
- Robotic Systems
- Services
-
Application Outlook (Revenue, USD Billion; 2019–2032)
- Laparoscopy
- Orthopedic Surgery
- Pharmacy Applications
- Physical Rehabilitation
- External Beam Radiation Therapy
- Neurosurgery
- Others
-
End-Use Outlook (Revenue, USD Billion; 2019–2032)
- Hospitals
- Ambulatory Surgery Centers
- Rehabilitation Centers
- Others
Medical Robots Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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