Positive Outcomes and Rising Adoption by Aged to Spur Global Medical Robotics Market at Double-digit CAGR

Published Date : Dec 19, 2016

ALBANY, NY, Dec 19, 2016: MarketResearchReports.biz has recently added a comprehensive market research report to its portfolio, titled “Global Medical Robotics Market (Surgical Robots, Rehabilitation Robots, Telepresence Robots): Analysis By Region, By Country (2016-2021) - (By Robot: Surgical Robots, Rehabilitation Robots, Telepresence Robots, Others; By Region-North America, Europe, APAC, ROW; By Country - U.S., Canada, UK, Germany, Italy, India, China, Japan).” 

The meticulous reports of the report through valuable and significant inputs from stakeholders, industry experts, and companies for primary research followed by secondary research gives a broad outlook of the global medical robotics market. With a CAGR of more than 21% during the course of the forecast period 2016-2021, the market is projected to demonstrate healthy growth on the global platform. The report covers market trends considering market dynamics, drivers, and challenges. 

While the global market is segmented by robots, region, and country, surgical robots stand as one of the major drivers among other inclusions in the robots segmentation, including rehabilitation robots, telepresence robots, and others, according to the report. This trigger of the market is associated with higher success rates among patients due to technological enhancement. 

Another reason for the flourishing growth of the market is the augmenting focus on the optimistic results of the procedures used. This has led to the rising adoption of medical robots. The growing popularity of medical robotics among both the adult and geriatric groups has secured a steady growth rate for the market. The rapid expansion can also be attributed to the increasing incidence of neurological diseases and the growing population of geriatrics. 

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The middle-income population focusing heavily on healthcare has added to the demand of medical robots. Emerging countries such as India and China are in the spotlight with the development of healthcare infrastructure as they are anticipated to give a positive response to the market. On similar lines, the market is expected to see continued domination by developed nations such as the U.S. and the U.K. on the basis of revenue. Much of the projected CAGR is estimated to be based on the increasing adoption of medical robots among the population. 

The report covers an reports in terms of both country and region, wherein it has been noted that India and China will contribute toward the robust growth of the Asia Pacific market during the forecasted period. Nonetheless, among other key geographical segments such as North America, Europe, and Rest of the World (ROW), North America will stay at the top of the market accounting for the dominant share. Besides India and China, the report also considers countries such as the U.S., Canada, the U.K., Germany, Italy, and Japan. 

The key players mentioned in the company profiling section of the report include Intuitive Surgical, Inc., Accuray Incorporated, Mazor Robotics, Zimmer Biomet, Stryker Corporation, Hansen Medical, Inc., Hocoma, Titan Medical Inc., TRANSENTERIX, INC., and Ekso Bionics, Inc. 

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