The Medical Robots market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, and splits the Medical Robots market by product type and applications/end industries.
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Advantages offered by robot-assisted training in rehabilitation therapy, technological advancements, increase in funding for medical robots research, issuance of IPOs by medical robots companies, and growing hospital investments are the key factors driving the growth of the market. However, safety concerns over robotic surgery devices and the high cost of robotic systems & unjustified cost benefits of robotic surgeries are restraining the growth of the market to a certain extent.
Furthermore, rapid growth in the aging population, development of nanorobots for cancer treatment, and rising patient preference for minimally invasive surgeries is likely to offer significant growth opportunities for players operating in the market.
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The market witnesses high competitive intensity, as there are several big and many small firms with similar product offerings. These companies adopt various strategies (product launches, collaborations, agreements, partnerships, alliances, grants, joint ventures, acquisitions, and expansions) to increase their market shares and establish a strong foothold in the global market.
Key players in the global medical robots market include Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Mazor Robotics Ltd. (Israel), Hocoma AG (Switzerland), Hansen Medical Inc. (U.S.), Accuray Incorporated (U.S.), Omnicell, Inc. (U.S.), Ekso Bionics Holdings, Inc. (U.S.), ARxIUM (U.S.), and Kirby Lester LLC (U.S.).
The report analyzes medical robots market by product, application, and region. Based on the product, the medical robots market is segmented into medical robot systems and instruments & accessories.
The medical robot systems segment is further classified into surgical robots, rehabilitation robots, noninvasive radiosurgery robots, hospital & pharmacy robots, and other robots. On the basis of application, the medical robots market is segmented into laparoscopy, orthopedics, neurology, special education, and other applications.
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The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps firms to garner a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
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