According to the report Europe Medical Robots Market, published by Market Data Forecast, The Market is expected to grow at a CAGR of 20.47% and reach USD 3.11 billion in 2021 from USD 1.23 billion in 2016.
The Medical Robots market is supposed to show evident potential in the forecast period. The market has continued to gain momentum with the increase in technological advancements in the field of pharma and healthcare, which helps the doctors in treating patients with problems which can’t be treated as effectively by a human surgeon.
Thus, more companies have been showing interest in this market recently.
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Medical Robots are the robots used for the purpose of medical sciences.
These robots assist in carrying out task with greater precision than an unaided human surgeon and even provide the option of remote surgery in cases of unavailability of human surgeon.
The technological advancements in the field if healthcare have been one of the most important factors driving the Medical Robots market. Apart from this, other factors fuelling the growth of the market include Issuance of Ipos by Medical Robots companies, increase in funding for Medical Robots research, growing hospital investments in Medical Robots and the advantages offered by Robot-Assisted Training in Rehabilitation Therapy.
Besides these, there are some restraints and challenges faced by the market as well. The major ones are concerns over Robotic Surgery Devices and high cost of Robotic Systems with unjustified cost benefits of Robotic Surgeries.
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Europe Medical Robots Market: Segmentation
- Surgical Robots
- o Laparoscopy Robotic Systems
- o Orthopaedic Robotic Systems
- o Neurosurgical Robotic Systems
- o Steerable Robotic Systems
- Rehabilitation Robotic Systems
- o Therapeutic Robotic Systems
- o Assisstive Robotic Systems
- o Prosthetic Robotic Systems
- o Orthotic Robotic Systems
- o Exoskeleton Robotic Systems
- Non-Invasive Radiosurgery Robotic Sytems
- Hospital & Pharmacy Robotic Systems
- o Pharmacy Robotic Systems
- o IV Robotic Systems
- o Tekemedicine Robots
- other Robotic Systems
- Y-o-Y Growth Analysis, By Product
- Market Attractiveness Analysis, By Product
- Market Share Analysis, By Product
- Special Education
- Other Applications
- Y-o-Y Growth Analysis, By Application
- Market Attractiveness Analysis, By Application
- Market Share Analysis, By Application
Some of the major leaders of the Medical Robots market include Intuitive Surgical Inc., Hocoma AG, Stryker Corporation, Hansen Medical Inc, Omnicell Inc., Accuray Incorporated, Arxium, EKSO Bionics Holdings Inc., Mazor Robotics Ltd, Kirby Lester LLC.
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Reasons to access Europe Medical Robots Market Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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