Medical Robots Market is Set to Experience a Significant Growth of 16.5% CAGR from 2022 To 2031

Global Medical Robots Market is anticipated to witness a healthy CAGR of 16.5% during the review period of 2022 to 2031.

The global medical robot market is projected to reach US $ 12.7 billion by 2031 from an estimated US $ 5.9 billion in 2022 with a CAGR of 16.5% during the forecast period. The main drivers of this market growth are the benefits provided by robot-assisted surgery and robot-assisted training in rehabilitation therapy, technological advances in robotic systems, improved reimbursement scenarios, increased adoption of surgical robots, and medical care. Increased funding for robotic research. However, the high cost of robotic systems is a key factor limiting market growth over the next few years.

The equipment and accessories product segment is expected to grow at the highest rate during the forecast period. ”

Based on products and services. , The medical robot market is segmented into robot systems, equipment and accessories, and services. The Instruments & Accessories segment had the largest market share in 2019. This segment is also expected to grow at the highest CAGR of 18.5% during the forecast period. The large share and high growth rate of this segment is driven by regular purchases of equipment and accessories, as opposed to robotic systems, which are primarily one-time investments.

“Orthopedic applications are expected to grow at the highest rate during the forecast period.”
Based on the application, the medical robot market is laparoscopic, orthopedic, pharmacy applications, physical rehabilitation, external beam radiation therapy. , Segmented into neurosurgery and other applications. The Orthopedic Surgery Application segment is expected to register the highest CAGR during the forecast period. The high growth of this segment may be primarily due to benefits such as high transplantation and placement accuracy of the robot during orthopedic surgery.

“Outpatient surgery centers grow at the highest CAGR during the forecast period”
Based on end users, the market is divided into hospitals, outpatient surgery centers, rehabilitation centers and other end users (retail pharmacies and external beam radiotherapy centers). .. Hospitals are expected to have the largest share of the global medical robot market in 2020, and ASC is expected to have the highest growth rate. The high growth in this segment is due to the increasing number of surgical procedures performed at ASC, the growing interest in outpatient care due to the potential for cost savings, and the demand for efficient care among patients in

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Asia Pacific . The region will witness significant growth from 2022 to 2031. ”
Geographically, the medical robot market is divided into North America, Europe, Asia Pacific (APAC) and other regions. The Asia Pacific market is expected to grow at the highest CAGR over the next five years. Increased demand from major markets such as Japan and China and an increase in cases of acute and chronic diseases in the Asia Pacific region are driving market growth in the region

Breakdown of primary supply-side interviews:

• By company type: Tier 1 – 40%, Tier 2 – 30%, Tier 3 – 30% • By designation: C level – 27%, Director level – 18%, Other – 55% • By region: North America-40%, Europe-20% , APAC – 30%, Latin America – 8%, Middle East – 2%
Major market players in the medical robot market include Intuitive Surgical (US), Stryker Corporation (US), Accuray (US), Omnicell Inc. (US), BD Rowa (US), Hocoma AG (Switzerland), and Medtronic (Ireland). ), Smith & Nephew (UK), ARxIUM (Canada), etc.

Scope of Research

This report explores the medical robot market based on products, applications, end users, and regions. The report also explores the factors that influence market growth, including drivers, constraints, opportunities, and challenges. It analyzes market opportunities and challenges and provides market leaders with details of the competitive environment. In addition, this report analyzes micromarkets in terms of individual growth trends and forecasts revenues for market segments for the four major regions and each country.

The main benefits of buying a report.

Focusing on different levels of analysis such as player market share, corporate profile, etc., these form the basic view, competitive environment, emerging segments of the healthcare cloud computing market, high-growth regions and their promotion. Analyze forces, constraints, challenges and opportunities. This report helps both existing and new entrants / SMEs measure market pulse and gain greater market share.

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