Latin America Medical Robots Market by Product (Surgical Robots, Rehabilitation Robotic Systems, Non-invasive Radiosurgery Robotic systems, Hospital and Pharmacy Robotic Systems and other Robotic Systems), by Application (Laparoscopy, Orthopaedics, Neurology, Special Education and other Applications), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
According to the report Latin America Medical Robots Market, published by Market Data Forecast, The Market had a market value of USD 0.54 billion in 2016 and is forecasted to exhibit a CAGR of 22.13% and reach USD 1.46 billion by 2021.
The Medical Robots market is exhibiting significant potential in the given forecast period. The market continues to show growth with increase in technological advancements in the sector of healthcare and pharma, which has in turn helped the doctors to cure patients with ailments which can’t be cured as effectively by a human surgeon.
Hence, more and more companies have shown interest in this market lately.
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Medical Robots are the robots which are used in field of medical sciences. There are different types of such medical robots like surgical robots and others.
These robots assist in carrying out task with better precision than an unaided human surgeon and also provide the option of remote surgery in case where human surgeon isn’t available.
The advancements in technological the healthcare sector are one of the major factors driving the Medical Robots market. Other key factors contributing to the growth of the market include Increase in funding for Medical Robots research, growing hospital investments in Medical Robots, issuance of Ipos by Medical Robots companies and the advantages offered by Robot-Assisted Training in Rehabilitation Therapy.
Besides these, there are few challenges and restraints faced by the market as well. The major ones are high cost of Robotic Systems with unjustified cost benefits of Robotic Surgeries and safety concerns over Robotic Surgery Devices.
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Latin America 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 Medical Robots market leaders include Intuitive Surgical Inc., Hocoma AG, Stryker Corporation, Mazor Robotics Ltd, Accuray Incorporated, Arxium, Hansen Medical Inc, EKSO Bionics Holdings Inc., Kirby Lester LLC, Omnicell Inc.
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Reasons to access Latin America 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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