Asia Pacific Medical Robots Market to grow at a CAGR of 23.32% during 2016 to 2021 | Market Data Forecast
According to the report Asia Pacific Medical Robots Market, published by Market Data Forecast, The Market has been estimated at USD 0.88 Billion in 2016 and is projected to reach USD 2.52 Billion by 2021, at a CAGR of 23.32% during the forecast period from 2016 to 2021.
The Medical Robots market is showcasing significant potential over the mentioned forecast period. The market continues to grow with increasing advancements in technology in the field of pharma and healthcare, which helps the doctors in treating patients with ailments which generally are hard to be treated as effectively as by a human surgeon.
Hence, increasing number of companies have been gaining interest in the market lately.
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Medical Robots are basically the robots used for medical sciences. There are various kinds of medical robots like surgical robots and others.
Medical robots help in carrying out tasks with higher precision compared to an unaided human surgeon or provide the alternative of remote surgery in case of unavailability of human surgeon.
The technological advancements in healthcare is one of the key factors responsible for driving the Medical Robots market. Further, other 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 drivers, there are some restraints and challenges faced by the market as well. The major ones include, high cost of Robotic Systems with unjustified cost benefits of Robotic Surgeries and safety concerns over Robotic Surgery Devices.
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Asia-Pacific 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 companies dominating the market include Intuitive Surgical Inc., Hocoma AG, Stryker Corporation, Mazor Robotics Ltd, Accuray Incorporated, Hansen Medical Inc, Omnicell Inc., Arxium, Kirby Lester LLC, EKSO Bionics Holdings Inc.
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Reasons to access Asia-Pacific 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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