Global Medical Robotics Market is Estimated to Grow at a CAGR of 19% to Reach Revenue of $12813.03 Million by 2023.

In the Report “Medical Robotics Market: By Surgical Robots (Neurosurgical, Orthopedic, Laparoscopy); By Rehabilitation (Exoskeleton, Prosthetic, Assistive); Telemedicine, Hospital Robots & Others; By Geography - (2018-2023)” published by IndustryARC, the market is driven by increasing adoption rate of advanced technologies, significance of minimal invasive procedures and increased demand for telemedicine.

America dominates with major share in the Medical Robotics Market

The market for medical robotics is comprised of maximum contribution by the Americas region, with a share of 62%. The American region gained revenue of $2628.2 million in 2017. The market in the American region is expected to grow at a CAGR of 17%, and to reach revenue of $6847.47 million by 2023. The growth is attributed on the basis of surgical market, which is majorly leading in the overall share growth. European region and Asia-Pacific region markets are the evolving markets for medical growing robotic procedures. European market is estimated to be the fastest growing region with 24% CAGR, and to gain revenue of $4407.41 million by 2023. Asia-Pacific is seen to hold strong growth potential, as renowned companies are expanding their business. APAC is estimated to grow at a CAGR of 20.5% to reach revenue of $1864.60 million by 2023 with growing competition level.

Selected Type Analysis done in the full Report:

With growing aging population, robotic technology is achieving perfection with its integration in healthcare delivering services. The technology is driven by continuous innovation in robotic devices. Medical Robotics Market classification is distributed into six types. Among all, Surgical Robotics is occupying the major share in medical robotics market. The Surgical Robotic Systems market is estimated to grow at a CAGR of 19.7%, and likely to reach $12164.31 billion by 2023. Surgical robots current adoption is high for performing a wide range of remote surgery, and its scope is expanding at a rapid pace. Intuitive Surgical Inc. is the leading player in surgical market due to acceptance of products in widespread areas. Rehabilitation robotics market gained revenue of $132 million in 2017, which is the second leading region. Present statistics says the market will grow at a CAGR of 13.30% to reach revenue of $267 million by 2023, followed by Non-invasive radiosurgery robots system market. The growth of Rehabilitation robot market is caused by positive adoption of exoskeleton robots, assistive robots and prosthetic robots, which help the individuals to recover from stroke or injury. The acceptance of robotics in medical management has helped to drive the growth and demand for improved healthcare services.

• Healthcare service providers are working to bring advanced treatment methods, as the act will provide hospital and pharmacy automation with enhancements that will promote technology adoption to improve quality of robotic technology in healthcare services and facilities.

• The success rate of the operations is also affected positively. The implementation of medical robotics has increased the precision level of the treatment. So, the overall market has a strong scope for the growth of medical robotics market through growing number of of installation.

• New guideline for Medical robotic device or system with respect to the region will ensure that the new product entry in the marketplace satisfies the quality, safety and reliability criteria to overcome the fear of people with respect to treatment.

1. Medical Robotics - Market Classification, By Type

1. Surgical Robots

1. Neurosurgical Robots
2. Orthopedic Robots
3. Laparoscopy Robots

2. Rehabilitation Robots

1. Exoskeleton Robots
2. Prosthetic Robots
3. Assistive Robots

3. Non-Invasive Radio Surgery Robots

1. Robotic Catheters
2. Telemedicine Robots
3. Hospital Robots

2. Medical Robotics Market by Geography (covers 10+ countries)
3. Medical Robotics Entropy Market

1. Mazor Robotics Ltd.
2. Titan Medical Inc.
3. Hansen Medical Inc.
4. Medtech S.A.
5. Kuka Roboter Gmbh
6. Irobot Corporation
7. Ekso Bionics
8. Rewalk Robotics Inc
9. Renishaw Plc
10. Varian Medical Systems, Inc.
11. Think Surgical Inc.
12. Stereotaxis, Inc.
13. Sofar S.P.A.
14. Motorika
15. Intouch Health Technologies, Inc.
16. Medrobotics Corporation
17. Kinova Robotics
18. Corindus Vascular Robotics
19. Myomo, Inc.
20. Or Producitivy Plc
21. HDT Global
22. Aethon Inc.
23. Xenex Disinfection Services
24. Company 24
25. Company 25
26. Company 26
27. Company 27
28. Company 30+

1. Spinal Surgical Robots Market

2. 3D Sensors Market

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