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Rising Healthcare Spending in Emerging Economies to Boost Global Medical Robotics Market

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Published on : Dec 29, 2016

ALBANY, NY, Dec 29, 2016: The report provides an in-depth overview of the various factors supporting the growth of the global medical robotics market and lists down the restraints threatening it. Compiles with the intent of imparting knowledge regarding the prevailing and future market trends, the report includes exhaustive information obtained from trusted industrial sources. It also uses industry-leading analytical tools to study the strengths and weaknesses of the leading companies and the impact of strategies they adopt. 

Medical robots have been witnessing extensive use across diverse application areas such as neurological surgery, interventional cardiological surgery, orthopedic surgery, and others. The market has been witnessing lucrative opportunities across all these segments. In addition, medical robots ensure better safety and advanced techniques in complex cases. Advent of the latest technologies in the field of medical science, apart from the aforementioned factors, is expected to give significant impetus to the global medical robotics market.

The report forecasts the global medical robot market to report a CAGR of 21.43% between 2016 and 2021 on account of the increasing uptake of medical robots worldwide. North America is expected to remain the dominant regional segment, while the market is also expected to witness high growth opportunities in countries such as India and China. 

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However, medical robots are in itself complex objects and are quite expensive too besides needing technical professional to conduct surgeries. These factors could limit the market’s expansion. Nevertheless, the increasing demand for advanced treatment methods and the rising prevalence of neurological and cardiac disorders are expected to offer significant growth opportunities to the market. 

Regionally, North America and Europe exhibit lucrative opportunities for the global medical robotics market supported by the presence of sophisticated healthcare infrastructure. The market is also witnessing significant growth opportunities in emerging nations such as Singapore, India, China, and Thailand. The increasing healthcare spending by governments in these countries has helped augmenting the demand for medical robots therein.     The report studies the various factors supporting and limiting the market’s growth across the key regional segments. 

For the purpose of the study, it profiles various prominent companies operating in the global medical robotics market. Some of the profiled companies are Accuray Incorporated, Hansen Medical, Inc., Titan Medical Inc. TRANSENTERIX, INC., Zimmer Biomet, Stryker Corporation, Intuitive Surgical, Inc., Hocoma, Ekso Bionics, Inc., and Mazor Robotics. Using analytical tools, the report also identifies the opportunities and threats that these companies could face through the course of the forecast period.

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